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Construction Partners
ROAD

157 hedge funds and large institutions have $1.27B invested in Construction Partners in 2023 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 48 increasing their positions, 61 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

273% more call options, than puts

Call options by funds: $455K | Put options by funds: $122K

75% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 16

18% more capital invested

Capital invested by funds: $1.08B → $1.27B (+$191M)

8% more funds holding

Funds holding: 146 → 157 (+11)

0.94% more ownership

Funds ownership: 96.88% → 97.81% (+0.94%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

21% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 61

Holders
157
Holders Change
+11
Holders Change %
+7.53%
% of All Funds
2.47%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
28
Increased
48
Reduced
61
Closed
16
Calls
$455K
Puts
$122K
Net Calls
+$333K
Net Calls Change
+$290K

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$11.7M
2
Blackstone Inc
Blackstone Inc
New York
+$6.79M
3
CRC
Catawba River Capital
South Carolina
+$5.72M
4
Jennison Associates
Jennison Associates
New York
+$5M
5
BlackRock
BlackRock
New York
+$4.02M

Top Sellers

1
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$7.11M
2
CCA
Conestoga Capital Advisors
Pennsylvania
-$4.37M
3
PCM
Penn Capital Management
Pennsylvania
-$4.08M
4
BCIM
British Columbia Investment Management
British Columbia, Canada
-$3.89M
5
WA
Wasatch Advisors
Utah
-$3.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
Charles Schwab
26
Charles Schwab
California
$12.8M +$21.6K +756 +0.2%
PM
27
Pembroke Management
Quebec, Canada
$12.5M -$2.94M -102,892 -20%
Northern Trust
28
Northern Trust
Illinois
$12M +$148K +5,169 +1%
AACP
29
Advantage Alpha Capital Partners
California
$9.95M -$421K -14,696 -4%
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$9.46M +$381K +13,325 +5%
Ameriprise
31
Ameriprise
Minnesota
$9.19M -$2.33M -81,472 -22%
NC
32
Nicholas Company
Wisconsin
$8.55M -$6.3K -220 -0.1%
First Trust Advisors
33
First Trust Advisors
Illinois
$8.22M -$2.89M -100,857 -28%
BCIM
34
British Columbia Investment Management
British Columbia, Canada
$7.91M -$3.89M -136,000 -35%
KCM
35
Kennedy Capital Management
Missouri
$7.67M -$22K -770 -0.3%
Blackstone Inc
36
Blackstone Inc
New York
$7.45M +$6.79M +237,266 New
State of Wisconsin Investment Board
37
State of Wisconsin Investment Board
Wisconsin
$7.4M -$55.5K -1,938 -0.8%
RHJA
38
Rice Hall James & Associates
California
$7.29M -$328K -11,457 -5%
Allspring Global Investments
39
Allspring Global Investments
North Carolina
$7.19M +$479K +16,721 +8%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$7.11M -$64.4K -2,250 -1%
Morgan Stanley
41
Morgan Stanley
New York
$6.82M +$212K +7,406 +4%
ORI
42
Oak Ridge Investments
Illinois
$4.42M -$109K -3,798 -3%
Stifel Financial
43
Stifel Financial
Missouri
$3.87M -$47.4K -1,657 -1%
Asset Management One
44
Asset Management One
Japan
$3.81M -$193K -6,738 -5%
N
45
Nuveen
North Carolina
$3.8M -$1.42M -49,758 -29%
Citadel Advisors
46
Citadel Advisors
Florida
$3.54M -$91.5K -3,196 -3%
SEI Investments
47
SEI Investments
Pennsylvania
$3.29M +$142K +4,978 +5%
Goldman Sachs
48
Goldman Sachs
New York
$3.18M -$106K -3,720 -4%
1SAMC
49
12th Street Asset Management Company
Tennessee
$3.09M +$2.82M +98,579 New
Swiss National Bank
50
Swiss National Bank
Switzerland
$2.83M +$22.9K +800 +0.9%
1
2
3 4 5

ROAD Hedge Fund Activity: Q2 2023 in Review

157 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q2 2023, worth a combined $1.27B — up 18% from $1.08B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new ROAD positions and 16 closed out — a net gain of 12 holders — while 48 added to existing stakes and 61 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $11.7M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $7.11M.

  • 157 institutional investors held Construction Partners (ROAD) as of Q2 2023, up from 146 in Q1 2023.
  • Funds reported $1.27B of Construction Partners stock for Q2 2023, up 18% quarter-over-quarter.
  • 28 funds opened new Construction Partners positions in Q2 2023 and 16 closed out, a net change of +12 holders.
  • The largest Construction Partners buyer in Q2 2023 was JP Morgan Chase, an estimated $11.7M added.
  • The largest Construction Partners seller in Q2 2023 was Kayne Anderson Rudnick Investment Management, an estimated $7.11M sold.

Based on aggregated 13F filings for Q2 2023.