Construction Partners
ROAD
225 hedge funds and large institutions have $1.91B invested in Construction Partners in 2023 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 65 increasing their positions, 74 reducing their positions, and 13 closing their positions.
369% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 13
199% more call options, than puts
Call options by funds: $613K | Put options by funds: $205K
26% more funds holding
Funds holding: 179 → 225 (+46)
24% more capital invested
Capital invested by funds: $1.54B → $1.91B (+$368M)
3.96% more ownership
Funds ownership: 96.37% → 100.33% (+4%)
12% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 74
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$43.6M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$40.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$27.7M |
| 4 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$23.2M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$51.4M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$34.9M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$26.1M |
| 4 |
RA
Royce & Associates
New York
|
-$12.1M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$10.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IECM
226
Intrinsic Edge Capital Management
Chicago,
Illinois
| – | -$2.91M | -79,712 | Closed |
|
|
SCM
227
SG Capital Management
Chicago,
Illinois
| – | -$1.97M | -53,903 | Closed |
|
|
BMSSC
228
B. Metzler seel. Sohn & Co
Frankfurt,
Germany
| – | -$946K | -25,871 | Closed |
|
|
EIM
229
Essex Investment Management
Boston,
Massachusetts
| – | -$848K | -23,182 | Closed |
|
|
BHCM
230
Boulder Hill Capital Management
New York
| – | -$512K | -14,000 | Closed |
|
|
AG
231
Algert Global
San Francisco,
California
| – | -$446K | -12,200 | Closed |
|
232
Verition Fund Management
Greenwich,
Connecticut
| – | -$395K | -10,796 | Closed |
|
|
BPA
233
Beacon Pointe Advisors
Newport Beach,
California
| – | -$228K | -6,248 | Closed |
|
|
OA
234
Operose Advisors
Milwaukee,
Wisconsin
| – | -$38.2K | -1,046 | Closed |
|
235
Simplex Trading
Chicago,
Illinois
| – | -$13.2K | -322 | Closed |
|
|
FHA
236
First Horizon Advisors
Memphis,
Tennessee
| – | -$5.15K | -141 | Closed |
|
|
HL
237
HeadInvest LLC
Portland,
Maine
| – | -$3.63K | -100 | Closed |
|
|
C
238
Covestor
London,
United Kingdom
| – | -$123 | -3 | -50% |
|
ROAD Hedge Fund Activity: Q4 2023 in Review
225 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q4 2023, worth a combined $1.91B — up 24% from $1.54B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new ROAD positions and 13 closed out — a net gain of 48 holders — while 65 added to existing stakes and 74 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $43.6M. The largest seller was Wasatch Advisors, cutting an estimated $51.4M.
- 225 institutional investors held Construction Partners (ROAD) as of Q4 2023, up from 179 in Q3 2023.
- Funds reported $1.91B of Construction Partners stock for Q4 2023, up 24% quarter-over-quarter.
- 61 funds opened new Construction Partners positions in Q4 2023 and 13 closed out, a net change of +48 holders.
- The largest Construction Partners buyer in Q4 2023 was Morgan Stanley, an estimated $43.6M added.
- The largest Construction Partners seller in Q4 2023 was Wasatch Advisors, an estimated $51.4M sold.
Based on aggregated 13F filings for Q4 2023.