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Construction Partners
ROAD

235 hedge funds and large institutions have $2.49B invested in Construction Partners in 2024 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 67 increasing their positions, 100 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,286% more call options, than puts

Call options by funds: $668K | Put options by funds: $28K

67% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 24

5% more funds holding

Funds holding: 223 → 235 (+12)

0.39% more ownership

Funds ownership: 102.51% → 102.89% (+0.39%)

1% less capital invested

Capital invested by funds: $2.51B → $2.49B (-$18.5M)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

33% less repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 100

Holders
235
Holders Change
+12
Holders Change %
+5.38%
% of All Funds
3.39%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
40
Increased
67
Reduced
100
Closed
24
Calls
$668K
Puts
$28K
Net Calls
+$640K
Net Calls Change
-$11K

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$47.7M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$23.2M
3
ClearBridge Investments
ClearBridge Investments
New York
+$20.4M
4
Bank of America
Bank of America
North Carolina
+$17.4M
5
Macquarie Group
Macquarie Group
Australia
+$14.5M

Top Sellers

1
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$52.9M
2
Invesco
Invesco
Georgia
-$32.3M
3
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$13M
4
BCIM
British Columbia Investment Management
British Columbia, Canada
-$12.4M
5
Natixis Advisors
Natixis Advisors
Massachusetts
-$7.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$22.6M -$1.96M -35,484 -8%
Northern Trust
27
Northern Trust
Illinois
$21.5M -$661K -11,938 -3%
ClearBridge Investments
28
ClearBridge Investments
New York
$20.4M +$20.4M +368,773 New
Ameriprise
29
Ameriprise
Minnesota
$19.9M +$2.51M +45,420 +14%
TCM
30
TimesSquare Capital Management
New York
$18.5M -$958K -17,320 -5%
N
31
Nuveen
North Carolina
$18.4M -$4.8M -86,804 -21%
RJA
32
Raymond James & Associates
Florida
$18.3M -$889K -16,072 -5%
CI Investments Inc
33
CI Investments Inc
Ontario, Canada
$17.8M -$2.66M -47,990 -13%
Comerica Bank
34
Comerica Bank
Texas
$17.5M +$409K +7,390 +2%
CRC
35
Catawba River Capital
South Carolina
$17.3M -$6.31M -113,980 -27%
SCA
36
Summit Creek Advisors
Minnesota
$16.8M -$3.22M -58,163 -16%
TCM
37
Tyro Capital Management
Florida
$16.5M +$754K +13,628 +5%
Morgan Stanley
38
Morgan Stanley
New York
$16.3M -$4.61M -83,349 -22%
RA
39
Royce & Associates
New York
$15.6M -$3.49M -63,161 -18%
Wells Fargo
40
Wells Fargo
California
$15.3M -$5.59M -101,096 -27%
SNB
41
Security National Bank
Nebraska
$12.3M – – –
State of Wisconsin Investment Board
42
State of Wisconsin Investment Board
Wisconsin
$10.7M -$327K -5,903 -3%
PCM
43
Penn Capital Management
Pennsylvania
$10.1M -$1.15M -20,850 -10%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$9.52M -$855K -15,446 -8%
New York State Common Retirement Fund
45
New York State Common Retirement Fund
New York
$7.98M -$550K -9,937 -6%
Allspring Global Investments
46
Allspring Global Investments
North Carolina
$7.74M -$482K -8,720 -6%
NC
47
Nicholas Company
Wisconsin
$7.6M -$1.15M -20,840 -13%
RHJA
48
Rice Hall James & Associates
California
$7.59M -$744K -13,451 -9%
1SAMC
49
12th Street Asset Management Company
Tennessee
$7.16M -$5.32M -96,180 -43%
JP Morgan Chase
50
JP Morgan Chase
New York
$6.84M -$3.23M -58,381 -32%
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ROAD Hedge Fund Activity: Q2 2024 in Review

235 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q2 2024, worth a combined $2.49B — down 0.74% from $2.51B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new ROAD positions and 24 closed out — a net gain of 16 holders — while 67 added to existing stakes and 100 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $47.7M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $52.9M.

  • 235 institutional investors held Construction Partners (ROAD) as of Q2 2024, up from 223 in Q1 2024.
  • Funds reported $2.49B of Construction Partners stock for Q2 2024, down 0.74% quarter-over-quarter.
  • 40 funds opened new Construction Partners positions in Q2 2024 and 24 closed out, a net change of +16 holders.
  • The largest Construction Partners buyer in Q2 2024 was AllianceBernstein, an estimated $47.7M added.
  • The largest Construction Partners seller in Q2 2024 was Kayne Anderson Rudnick Investment Management, an estimated $52.9M sold.

Based on aggregated 13F filings for Q2 2024.