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Construction Partners
ROAD

260 hedge funds and large institutions have $3.11B invested in Construction Partners in 2024 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 77 increasing their positions, 94 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

466% more call options, than puts

Call options by funds: $1.26M | Put options by funds: $223K

122% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 23

75% more funds holding in top 10

Funds holding in top 10: 4 → 7 (+3)

25% more capital invested

Capital invested by funds: $2.49B → $3.11B (+$616M)

11% more funds holding

Funds holding: 235 → 260 (+25)

1.26% less ownership

Funds ownership: 102.89% → 101.63% (-1.3%)

18% less repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 94

Holders
260
Holders Change
+25
Holders Change %
+10.64%
% of All Funds
3.73%
Holding in Top 10
7
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+75%
% of All Funds
0.1%
New
51
Increased
77
Reduced
94
Closed
23
Calls
$1.26M
Puts
$223K
Net Calls
+$1.04M
Net Calls Change
+$399K

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$23.1M
2
ClearBridge Investments
ClearBridge Investments
New York
+$19.6M
3
DCM
Driehaus Capital Management
Illinois
+$16.2M
4
FAM
Fred Alger Management
New York
+$14.6M
5
Bessemer Group
Bessemer Group
New Jersey
+$10.5M

Top Sellers

1
CCA
Conestoga Capital Advisors
Pennsylvania
-$37.4M
2
First Trust Advisors
First Trust Advisors
Illinois
-$13.5M
3
Bank of America
Bank of America
North Carolina
-$11.5M
4
N
Nuveen
North Carolina
-$10.9M
5
GCM
Geneva Capital Management
Wisconsin
-$8.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Charles Schwab
26
Charles Schwab
California
$31.6M +$247K +4,009 +0.9%
Northern Trust
27
Northern Trust
Illinois
$28.4M +$1.16M +18,860 +5%
HRCM
28
Hood River Capital Management
Florida
$27.4M -$5.19M -84,154 -18%
Morgan Stanley
29
Morgan Stanley
New York
$24.5M +$3.42M +55,545 +19%
CRC
30
Catawba River Capital
South Carolina
$21.8M -$52.2K -847 -0.3%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$21.4M -$6.29M -102,080 -25%
SCA
32
Summit Creek Advisors
Minnesota
$20.2M -$916K -14,862 -5%
CI Investments Inc
33
CI Investments Inc
Ontario, Canada
$20.1M -$2.09M -33,964 -11%
RA
34
Royce & Associates
New York
$19.5M -$218K -3,540 -1%
Comerica Bank
35
Comerica Bank
Texas
$18.8M -$2.99M -48,515 -15%
Wells Fargo
36
Wells Fargo
California
$18.8M -$517K -8,384 -3%
RJA
37
Raymond James & Associates
Florida
$18.7M -$3.87M -62,814 -19%
Goldman Sachs
38
Goldman Sachs
New York
$18.5M +$10.3M +167,193 +170%
TCM
39
TimesSquare Capital Management
New York
$18.5M -$4.37M -70,975 -21%
FAM
40
Fred Alger Management
New York
$16.5M +$14.6M +236,897 New
SNB
41
Security National Bank
Nebraska
$15.6M – – –
State of Wisconsin Investment Board
42
State of Wisconsin Investment Board
Wisconsin
$14.6M +$870K +14,120 +7%
Allspring Global Investments
43
Allspring Global Investments
North Carolina
$14.5M +$4.14M +67,150 +48%
TCM
44
Tyro Capital Management
Florida
$14.1M -$6.01M -97,499 -33%
Bessemer Group
45
Bessemer Group
New Jersey
$11.9M +$10.5M +170,247 New
N
46
Nuveen
North Carolina
$10.9M -$10.9M -177,351 -53%
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
$10.8M -$1.1M -17,824 -10%
SBH
48
Segall Bryant & Hamill
Illinois
$10.4M +$9.16M +148,667 New
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
$9.7M +$6.18M +100,313 +260%
ECM
50
Engle Capital Management
Connecticut
$9.61M +$2.08M +33,691 +32%
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ROAD Hedge Fund Activity: Q3 2024 in Review

260 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q3 2024, worth a combined $3.11B — up 25% from $2.49B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new ROAD positions and 23 closed out — a net gain of 28 holders — while 77 added to existing stakes and 94 trimmed.

The largest buyer was Ameriprise, adding an estimated $23.1M. The largest seller was Conestoga Capital Advisors, cutting an estimated $37.4M.

  • 260 institutional investors held Construction Partners (ROAD) as of Q3 2024, up from 235 in Q2 2024.
  • Funds reported $3.11B of Construction Partners stock for Q3 2024, up 25% quarter-over-quarter.
  • 51 funds opened new Construction Partners positions in Q3 2024 and 23 closed out, a net change of +28 holders.
  • The largest Construction Partners buyer in Q3 2024 was Ameriprise, an estimated $23.1M added.
  • The largest Construction Partners seller in Q3 2024 was Conestoga Capital Advisors, an estimated $37.4M sold.

Based on aggregated 13F filings for Q3 2024.