NOA

North American Construction

86 hedge funds and large institutions have $289M invested in North American Construction in 2025 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 25 increasing their positions, 30 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more funds holding in top 10

Funds holding in top 10:

less first-time investments, than exits

New positions opened: | Existing positions closed:

less funds holding

Funds holding:

3.11% less ownership

Funds ownership: 64.72%61.6% (-3.1%)

17% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 30

23% less capital invested

Capital invested by funds: $374M → $289M (-$85.6M)

Holders
86
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$74K
Puts
$43K
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of Montreal
1
Bank of Montreal
Ontario, Canada
$33.8M
CAM
2
Claret Asset Management
Quebec, Canada
$32.3M
CC
3
Cannell Capital
Wyoming
$28.4M
PAMP
4
Polar Asset Management Partners
Ontario, Canada
$27.6M
National Bank of Canada
5
National Bank of Canada
Quebec, Canada
$21.6M
CIBC Asset Management
6
CIBC Asset Management
Ontario, Canada
$19.9M
Mackenzie Financial
7
Mackenzie Financial
Ontario, Canada
$14.2M
AIMCA
8
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$13.2M
CIBC World Market
9
CIBC World Market
Ontario, Canada
$7.39M
Goldman Sachs
10
Goldman Sachs
New York
$7.29M
ACA
11
AYAL Capital Advisors
Ontario, Canada
$7.22M
Connor, Clark & Lunn Investment Management (CC&L)
12
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$6.76M
OCM
13
Orchard Capital Management
Illinois
$5.49M
Renaissance Technologies
14
Renaissance Technologies
New York
$5.1M
American Century Companies
15
American Century Companies
Missouri
$4.8M
KJHP
16
K.J. Harrison & Partners
Ontario, Canada
$3.94M
HIM
17
Hillsdale Investment Management
Ontario, Canada
$3.23M
Arrowstreet Capital
18
Arrowstreet Capital
Massachusetts
$2.92M
Bank of America
19
Bank of America
North Carolina
$2.85M
IIM
20
Intact Investment Management
Quebec, Canada
$2.81M
PCM
21
Prelude Capital Management
New York
$2.76M
UBS Group
22
UBS Group
Switzerland
$2.55M
Dimensional Fund Advisors
23
Dimensional Fund Advisors
Texas
$2.52M
NAM
24
NewGen Asset Management
Ontario, Canada
$2.37M
Two Sigma Advisers
25
Two Sigma Advisers
New York
$1.96M