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Construction Partners

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.

New
Increased
Maintained
Reduced
Closed

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: 179225 (+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: 53 (-2)

Holders
225
Holders Change
+46
Holders Change %
+25.7%
% of All Funds
3.28%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.04%
New
61
Increased
65
Reduced
74
Closed
13
Calls
$613K
Puts
$205K
Net Calls
+$408K
Net Calls Change
-$7.71M
Name Holding Trade Value Shares
Change
Change in
Stake
RA
26
Royce & Associates
New York
$19.7M -$12.1M -294,723 -39%
Charles Schwab
27
Charles Schwab
California
$19.3M +$149K +3,647 +0.8%
CRC
28
Catawba River Capital
South Carolina
$18.7M -$130K -3,164 -0.7%
VOYA Investment Management
29
VOYA Investment Management
Georgia
$18.5M -$10.8M -263,613 -38%
HRCM
30
Hood River Capital Management
Florida
$17.8M -$6.4M -156,201 -28%
Northern Trust
31
Northern Trust
Illinois
$17.3M +$306K +7,472 +2%
DCM
32
Driehaus Capital Management
Illinois
$17M +$16M +391,511 New
Wells Fargo
33
Wells Fargo
California
$16.6M -$798K -19,460 -5%
N
34
Nuveen
North Carolina
$15.8M +$4.61M +112,414 +45%
Ameriprise
35
Ameriprise
Minnesota
$15.7M +$3.04M +74,275 +26%
Millennium Management
36
Millennium Management
New York
$15.6M +$10M +244,476 +213%
Comerica Bank
37
Comerica Bank
Texas
$14.9M -$94.6K -2,308 -0.7%
TCM
38
Tyro Capital Management
Florida
$12.4M +$11.7M +285,153 New
BCIM
39
British Columbia Investment Management
British Columbia, Canada
$10.4M -$492K -12,000 -5%
NC
40
Nicholas Company
Wisconsin
$10.4M -$899K -21,931 -8%
PCM
41
Penn Capital Management
Pennsylvania
$9.94M -$1.16M -28,203 -11%
SNB
42
Security National Bank
Nebraska
$9.73M +$9.16M +223,617 New
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$9.57M +$410K +10,015 +5%
State of Wisconsin Investment Board
44
State of Wisconsin Investment Board
Wisconsin
$9.47M -$39.9K -973 -0.4%
1SAMC
45
12th Street Asset Management Company
Tennessee
$8.73M +$88.2K +2,151 +1%
RHJA
46
Rice Hall James & Associates
California
$8.17M -$1.73M -42,281 -18%
Allspring Global Investments
47
Allspring Global Investments
North Carolina
$7.64M -$2.35M -57,319 -25%
Citadel Advisors
48
Citadel Advisors
Florida
$7.61M -$189K -4,619 -3%
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$7.45M -$776K -18,939 -10%
Russell Investments Group
50
Russell Investments Group
United Kingdom
$7.11M -$1.61M -39,165 -19%

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.