Construction Partners
ROAD
71 hedge funds and large institutions have $181M invested in Construction Partners in 2019 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 22 increasing their positions, 14 reducing their positions, and 8 closing their positions.
275% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 8
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
45% more funds holding
Funds holding: 49 → 71 (+22)
29% more capital invested
Capital invested by funds: $140M → $181M (+$41.1M)
54.6% less ownership
Funds ownership: 92.47% → 37.87% (-55%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$8.29M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$2.85M |
| 3 |
State Street
Boston,
Massachusetts
|
+$1.72M |
| 4 |
RA
Royce & Associates
New York
|
+$1.64M |
| 5 |
Renaissance Technologies
New York
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$2.9M |
| 2 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
-$1.88M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$1.26M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$1.17M |
| 5 |
Morgan Stanley
New York
|
-$1.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GC
76
Gratia Capital
Los Angeles,
California
| – | -$224K | -17,580 | Closed |
|
|
BCM
77
Bridgeway Capital Management
Houston,
Texas
| – | -$188K | -14,700 | Closed |
|
|
BCM
78
BlueCrest Capital Management
St Helier,
Jersey
| – | -$175K | -13,700 | Closed |
|
79
SEI Investments
Oaks,
Pennsylvania
| – | -$17K | -1,330 | Closed |
|
ROAD Hedge Fund Activity: Q2 2019 in Review
71 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q2 2019, worth a combined $181M — up 29% from $140M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new ROAD positions and 8 closed out — a net gain of 22 holders — while 22 added to existing stakes and 14 trimmed.
The largest buyer was BlackRock, adding an estimated $8.29M. The largest seller was Penn Capital Management, cutting an estimated $2.9M.
- 71 institutional investors held Construction Partners (ROAD) as of Q2 2019, up from 49 in Q1 2019.
- Funds reported $181M of Construction Partners stock for Q2 2019, up 29% quarter-over-quarter.
- 30 funds opened new Construction Partners positions in Q2 2019 and 8 closed out, a net change of +22 holders.
- The largest Construction Partners buyer in Q2 2019 was BlackRock, an estimated $8.29M added.
- The largest Construction Partners seller in Q2 2019 was Penn Capital Management, an estimated $2.9M sold.
Based on aggregated 13F filings for Q2 2019.