Construction Partners
ROAD
179 hedge funds and large institutions have $1.54B invested in Construction Partners in 2023 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 74 increasing their positions, 51 reducing their positions, and 12 closing their positions.
13,090% more call options, than puts
Call options by funds: $8.18M | Put options by funds: $62K
192% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 12
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
45% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 51
21% more capital invested
Capital invested by funds: $1.27B → $1.54B (+$270M)
14% more funds holding
Funds holding: 157 → 179 (+22)
1.44% less ownership
Funds ownership: 97.81% → 96.37% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$18.6M |
| 2 |
Comerica Bank
Dallas,
Texas
|
+$11M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$8.45M |
| 4 |
BlackRock
New York
|
+$6.44M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$6.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$17.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$17.1M |
| 3 |
JP Morgan Chase
New York
|
-$13.7M |
| 4 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$8.2M |
| 5 |
Blackstone Inc
New York
|
-$7.45M |
ROAD Hedge Fund Activity: Q3 2023 in Review
179 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q3 2023, worth a combined $1.54B — up 21% from $1.27B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new ROAD positions and 12 closed out — a net gain of 23 holders — while 74 added to existing stakes and 51 trimmed.
The largest buyer was Hood River Capital Management, opening a new position worth an estimated $18.6M. The largest seller was Conestoga Capital Advisors, cutting an estimated $17.9M.
- 179 institutional investors held Construction Partners (ROAD) as of Q3 2023, up from 157 in Q2 2023.
- Funds reported $1.54B of Construction Partners stock for Q3 2023, up 21% quarter-over-quarter.
- 35 funds opened new Construction Partners positions in Q3 2023 and 12 closed out, a net change of +23 holders.
- The largest Construction Partners buyer in Q3 2023 was Hood River Capital Management, an estimated $18.6M added.
- The largest Construction Partners seller in Q3 2023 was Conestoga Capital Advisors, an estimated $17.9M sold.
Based on aggregated 13F filings for Q3 2023.