Construction Partners
ROAD
114 hedge funds and large institutions have $597M invested in Construction Partners in 2020 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 46 increasing their positions, 31 reducing their positions, and 13 closing their positions.
85% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 13
48% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 31
11% more funds holding
Funds holding: 103 → 114 (+11)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $603M → $597M (-$5.87M)
6.64% less ownership
Funds ownership: 109.06% → 102.42% (-6.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$39.5M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$17.7M |
| 3 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$17.2M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$4.32M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SunTx Capital Management
Dallas,
Texas
|
-$113M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$7.45M |
| 3 |
RFC
Regions Financial Corp
Birmingham,
Alabama
|
-$3.65M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.26M |
| 5 |
MAM
Madison Asset Management
Madison,
Wisconsin
|
-$2.93M |
ROAD Hedge Fund Activity: Q2 2020 in Review
114 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q2 2020, worth a combined $597M — down 0.97% from $603M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new ROAD positions and 13 closed out — a net gain of 11 holders — while 46 added to existing stakes and 31 trimmed.
The largest buyer was Kayne Anderson Rudnick Investment Management, opening a new position worth an estimated $39.5M. The largest seller was SunTx Capital Management, cutting an estimated $113M.
- 114 institutional investors held Construction Partners (ROAD) as of Q2 2020, up from 103 in Q1 2020.
- Funds reported $597M of Construction Partners stock for Q2 2020, down 0.97% quarter-over-quarter.
- 24 funds opened new Construction Partners positions in Q2 2020 and 13 closed out, a net change of +11 holders.
- The largest Construction Partners buyer in Q2 2020 was Kayne Anderson Rudnick Investment Management, an estimated $39.5M added.
- The largest Construction Partners seller in Q2 2020 was SunTx Capital Management, an estimated $113M sold.
Based on aggregated 13F filings for Q2 2020.