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Construction Partners
ROAD

157 hedge funds and large institutions have $1.27B invested in Construction Partners in 2023 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 48 increasing their positions, 61 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

273% more call options, than puts

Call options by funds: $455K | Put options by funds: $122K

75% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 16

18% more capital invested

Capital invested by funds: $1.08B → $1.27B (+$191M)

8% more funds holding

Funds holding: 146 → 157 (+11)

0.94% more ownership

Funds ownership: 96.88% → 97.81% (+0.94%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

21% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 61

Holders
157
Holders Change
+11
Holders Change %
+7.53%
% of All Funds
2.47%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
28
Increased
48
Reduced
61
Closed
16
Calls
$455K
Puts
$122K
Net Calls
+$333K
Net Calls Change
+$290K

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$11.7M
2
Blackstone Inc
Blackstone Inc
New York
+$6.79M
3
CRC
Catawba River Capital
South Carolina
+$5.72M
4
Jennison Associates
Jennison Associates
New York
+$5M
5
BlackRock
BlackRock
New York
+$4.02M

Top Sellers

1
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$7.11M
2
CCA
Conestoga Capital Advisors
Pennsylvania
-$4.37M
3
PCM
Penn Capital Management
Pennsylvania
-$4.08M
4
BCIM
British Columbia Investment Management
British Columbia, Canada
-$3.89M
5
WA
Wasatch Advisors
Utah
-$3.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJT
101
Raymond James Trust
Florida
$406K +$20.6K +721 +6%
CAN
102
Cetera Advisor Networks
California
$373K +$1.86K +65 +0.6%
MFIM
103
Mesirow Financial Investment Management
Illinois
$370K -$15.2K -530 -4%
Victory Capital Management
104
Victory Capital Management
Texas
$367K -$92.4K -3,230 -22%
ASRS
105
Arizona State Retirement System
Arizona
$365K -$10.2K -358 -3%
State Board of Administration of Florida Retirement System
106
State Board of Administration of Florida Retirement System
Florida
$358K +$327K +11,416 New
KeyBank National Association
107
KeyBank National Association
Ohio
$341K +$40.4K +1,412 +15%
Zurich Cantonal Bank
108
Zurich Cantonal Bank
Switzerland
$332K -$42.7K -1,492 -12%
LPL Financial
109
LPL Financial
California
$317K +$289K +10,107 New
JF
110
Jump Financial
Illinois
$306K +$279K +9,755 New
Mercer Global Advisors
111
Mercer Global Advisors
Colorado
$294K +$268K +9,364 New
Renaissance Technologies
112
Renaissance Technologies
New York
$289K -$1.2M -42,100 -82%
Handelsbanken Fonder
113
Handelsbanken Fonder
Sweden
$276K – – –
LCM
114
Legato Capital Management
California
$261K +$238K +8,320 New
Calamos Advisors
115
Calamos Advisors
Illinois
$257K +$235K +8,200 New
Mariner
116
Mariner
Kansas
$254K +$232K +8,102 New
SS
117
Simplicity Solutions
Minnesota
$254K +$232K +8,099 New
SI
118
Stephens Inc
Arkansas
$251K – – –
Prudential Financial
119
Prudential Financial
New Jersey
$249K -$5.04K -176 -1%
LA
120
Lindenwold Advisors
Pennsylvania
$244K -$15.5K -540 -6%
VF
121
Virtu Financial
New York
$244K +$222K +7,773 New
AQR Capital Management
122
AQR Capital Management
Connecticut
$230K +$210K +7,331 New
Creative Planning
123
Creative Planning
Kansas
$209K -$460K -16,065 -71%
PNC Financial Services Group
124
PNC Financial Services Group
Pennsylvania
$207K +$25.3K +885 +16%
WA
125
Wealth Alliance
New York
$204K +$186K +6,512 New
3 4
5
6 7

ROAD Hedge Fund Activity: Q2 2023 in Review

157 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q2 2023, worth a combined $1.27B — up 18% from $1.08B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new ROAD positions and 16 closed out — a net gain of 12 holders — while 48 added to existing stakes and 61 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $11.7M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $7.11M.

  • 157 institutional investors held Construction Partners (ROAD) as of Q2 2023, up from 146 in Q1 2023.
  • Funds reported $1.27B of Construction Partners stock for Q2 2023, up 18% quarter-over-quarter.
  • 28 funds opened new Construction Partners positions in Q2 2023 and 16 closed out, a net change of +12 holders.
  • The largest Construction Partners buyer in Q2 2023 was JP Morgan Chase, an estimated $11.7M added.
  • The largest Construction Partners seller in Q2 2023 was Kayne Anderson Rudnick Investment Management, an estimated $7.11M sold.

Based on aggregated 13F filings for Q2 2023.