Construction Partners
ROAD
97 hedge funds and large institutions have $284M invested in Construction Partners in 2019 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 34 increasing their positions, 20 reducing their positions, and 9 closing their positions.
300% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 9
70% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 20
57% more capital invested
Capital invested by funds: $181M → $284M (+$103M)
37% more funds holding
Funds holding: 71 → 97 (+26)
18.06% more ownership
Funds ownership: 37.87% → 55.93% (+18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$31M |
| 2 |
Jennison Associates
New York
|
+$11.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$10M |
| 4 |
Bank of New York Mellon
New York
|
+$5.5M |
| 5 |
BlackRock
New York
|
+$4.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$6.08M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$2.17M |
| 3 |
TCM
Tygh Capital Management
Portland,
Oregon
|
-$1.28M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$484K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$380K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
B
101
Bailard
Foster City,
California
| – | -$173K | -11,500 | Closed |
|
|
CSS
102
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$170K | -11,307 | Closed |
|
|
GGHC
103
Gilder Gagnon Howe & Co
New York
| – | -$110K | -7,306 | Closed |
|
104
Acadian Asset Management
Boston,
Massachusetts
| – | -$56K | -3,716 | Closed |
|
105
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$28K | -1,865 | Closed |
|
|
PHK
106
Point72 Hong Kong
Hong Kong
| – | -$1K | -63 | Closed |
|
ROAD Hedge Fund Activity: Q3 2019 in Review
97 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q3 2019, worth a combined $284M — up 57% from $181M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new ROAD positions and 9 closed out — a net gain of 27 holders — while 34 added to existing stakes and 20 trimmed.
The largest buyer was Conestoga Capital Advisors, adding an estimated $31M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $6.08M.
- 97 institutional investors held Construction Partners (ROAD) as of Q3 2019, up from 71 in Q2 2019.
- Funds reported $284M of Construction Partners stock for Q3 2019, up 57% quarter-over-quarter.
- 36 funds opened new Construction Partners positions in Q3 2019 and 9 closed out, a net change of +27 holders.
- The largest Construction Partners buyer in Q3 2019 was Conestoga Capital Advisors, an estimated $31M added.
- The largest Construction Partners seller in Q3 2019 was ArrowMark Colorado Holdings, an estimated $6.08M sold.
Based on aggregated 13F filings for Q3 2019.