Construction Partners
ROAD
49 hedge funds and large institutions have $140M invested in Construction Partners in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 15 reducing their positions, and 11 closing their positions.
53% more capital invested
Capital invested by funds: $91.6M → $140M (+$48.2M)
47% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 15
5.65% more ownership
Funds ownership: 86.82% → 92.47% (+5.6%)
6% less funds holding
Funds holding: 52 → 49 (-3)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$3.38M |
| 2 |
RA
Royce & Associates
New York
|
+$2.84M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$2.5M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$1.39M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.52M |
| 2 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$1.34M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$1.32M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$873K |
| 5 |
BA
Broadview Advisors
Milwaukee,
Wisconsin
|
-$504K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TI
51
Trexquant Investment
Stamford,
Connecticut
| – | -$379K | -42,873 | Closed |
|
|
ECP
52
Empyrean Capital Partners
Los Angeles,
California
| – | -$235K | -26,652 | Closed |
|
|
OAM
53
Oxford Asset Management
Oxford,
United Kingdom
| – | -$230K | -25,996 | Closed |
|
54
Goldman Sachs
New York
| – | -$106K | -12,041 | Closed |
|
55
JP Morgan Chase
New York
| – | -$85K | -9,609 | Closed |
|
|
BF
56
BOK Financial
Tulsa,
Oklahoma
| – | -$65K | -7,396 | Closed |
|
57
UBS Group
Zurich,
Switzerland
| – | -$42K | -4,797 | Closed |
|
|
PAM
58
Panagora Asset Management
Boston,
Massachusetts
| – | -$41K | -4,640 | Closed |
|
|
TRCT
59
Tower Research Capital (TRC)
New York
| – | -$36K | -4,102 | Closed |
|
|
PCM
60
Prelude Capital Management
New York
| – | -$21K | -2,375 | Closed |
|
ROAD Hedge Fund Activity: Q1 2019 in Review
49 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q1 2019, worth a combined $140M — up 53% from $91.6M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of ROAD and 8 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 22 added.
The largest buyer was Massachusetts Financial Services, adding an estimated $3.38M. The largest seller was Morgan Stanley, cutting an estimated $1.52M.
- 49 institutional investors held Construction Partners (ROAD) as of Q1 2019, down from 52 in Q4 2018.
- Funds reported $140M of Construction Partners stock for Q1 2019, up 53% quarter-over-quarter.
- 8 funds opened new Construction Partners positions in Q1 2019 and 11 closed out, a net change of -3 holders.
- The largest Construction Partners buyer in Q1 2019 was Massachusetts Financial Services, an estimated $3.38M added.
- The largest Construction Partners seller in Q1 2019 was Morgan Stanley, an estimated $1.52M sold.
Based on aggregated 13F filings for Q1 2019.