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Construction Partners
ROAD

332 hedge funds and large institutions have $5.13B invested in Construction Partners in 2025 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 104 increasing their positions, 133 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

378% more call options, than puts

Call options by funds: $13M | Put options by funds: $2.71M

2% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 50

0.9% more ownership

Funds ownership: 97.68% → 98.58% (+0.9%)

2% less funds holding

Funds holding: 338 → 332 (-6)

13% less capital invested

Capital invested by funds: $5.9B → $5.13B (-$761M)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

22% less repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 133

Holders
332
Holders Change
-6
Holders Change %
-1.78%
% of All Funds
4.04%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.07%
New
51
Increased
104
Reduced
133
Closed
50
Calls
$13M
Puts
$2.71M
Net Calls
+$10.3M
Net Calls Change
+$3.98M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$77.1M
2
Capital World Investors
Capital World Investors
California
+$47.6M
3
VNIM
Vaughan Nelson Investment Management
Texas
+$44.1M
4
Invesco
Invesco
Georgia
+$32M
5
Goldman Sachs
Goldman Sachs
New York
+$26M

Top Sellers

1
Macquarie Group
Macquarie Group
Australia
-$168M
2
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$53.5M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$39.4M
4
WA
Wasatch Advisors
Utah
-$38.2M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$35.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
326
Trust Company
Kansas
$434 +$450 +4 New
SIC
327
SJS Investment Consulting
Ohio
$326 – – –
RS
328
Rakuten Securities
Japan
$217 -$563 -5 -71%
DF
329
Dunhill Financial
United Kingdom
$128 +$113 +1 New
CIAM
330
Caitong International Asset Management
Hong Kong
$109 -$9.68K -86 -99%
RWM
331
Rialto Wealth Management
New York
$109 -$8.89K -79 -99%
HI
332
Harbour Investments
Wisconsin
$109 +$113 +1 New
Macquarie Group
333
Macquarie Group
Australia
– -$168M -1,322,972 Closed
PCM
334
Pinnbrook Capital Management
New York
– -$6.28M -49,422 Closed
EI
335
EAM Investors
California
– -$6.17M -49,388 Closed
Arrowstreet Capital
336
Arrowstreet Capital
Massachusetts
– -$5.56M -43,774 Closed
TI
337
Trexquant Investment
Connecticut
– -$5.29M -41,628 Closed
QT
338
Quantbot Technologies
New York
– -$3.18M -25,017 Closed
CM
339
Castleark Management
Illinois
– -$2.96M -23,305 Closed
AACP
340
Advantage Alpha Capital Partners
California
– -$2.43M -19,151 Closed
ECM
341
ExodusPoint Capital Management
New York
– -$2.25M -17,737 Closed
JCIA
342
Jackson Creek Investment Advisors
Colorado
– -$2.11M -16,623 Closed
WAM
343
Wakefield Asset Management
Colorado
– -$1.43M -11,277 Closed
IQI
344
Integrated Quantitative Investments
Washington
– -$1.19M -9,396 Closed
Zurich Cantonal Bank
345
Zurich Cantonal Bank
Switzerland
– -$1.03M -9,172 Closed
TF
346
Telligent Fund
Hong Kong
– -$1.02M -8,000 Closed
SPC
347
Sigma Planning Corp
Michigan
– -$1M -7,890 Closed
HC
348
Henshaw Capital
Massachusetts
– -$914K -7,198 Closed
Teacher Retirement System of Texas
349
Teacher Retirement System of Texas
Texas
– -$782K -6,160 Closed
OAC
350
OMERS Administration Corp
Ontario, Canada
– -$749K -5,900 Closed
12 13
14
15 16

ROAD Hedge Fund Activity: Q4 2025 in Review

332 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q4 2025, worth a combined $5.13B — down 13% from $5.9B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new ROAD positions and 50 closed out — a net gain of 1 holder — while 104 added to existing stakes and 133 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $77.1M. The largest seller was Macquarie Group, exiting entirely with an estimated $168M sold.

  • 332 institutional investors held Construction Partners (ROAD) as of Q4 2025, down from 338 in Q3 2025.
  • Funds reported $5.13B of Construction Partners stock for Q4 2025, down 13% quarter-over-quarter.
  • 51 funds opened new Construction Partners positions in Q4 2025 and 50 closed out, a net change of +1 holder.
  • The largest Construction Partners buyer in Q4 2025 was Fidelity Investments, an estimated $77.1M added.
  • The largest Construction Partners seller in Q4 2025 was Macquarie Group, an estimated $168M sold.

Based on aggregated 13F filings for Q4 2025.