Construction Partners
ROAD
118 hedge funds and large institutions have $627M invested in Construction Partners in 2020 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 47 increasing their positions, 35 reducing their positions, and 20 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 35
20% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 20
5% more capital invested
Capital invested by funds: $597M → $627M (+$30.7M)
4% more funds holding
Funds holding: 114 → 118 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.8% less ownership
Funds ownership: 102.42% → 101.61% (-0.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$9.81M |
| 2 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$9.29M |
| 3 |
IM
Islet Management
New York
|
+$8.51M |
| 4 |
Natixis Advisors
Boston,
Massachusetts
|
+$5.47M |
| 5 |
BlackRock
New York
|
+$5.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SunTx Capital Management
Dallas,
Texas
|
-$24.2M |
| 2 |
Jennison Associates
New York
|
-$5.3M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$4.59M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$3.1M |
| 5 |
PCM
Pinz Capital Management
New York
|
-$2.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Millennium Management
New York
| – | -$426K | -23,969 | Closed |
|
|
OAC
127
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$348K | -19,600 | Closed |
|
|
MF
128
Magnetar Financial
Evanston,
Illinois
| – | -$301K | -16,966 | Closed |
|
|
AAMU
129
AEGON Asset Management (UK)
Edinburgh,
United Kingdom
| – | -$293K | -16,502 | Closed |
|
|
RJFSA
130
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$187K | -10,524 | Closed |
|
|
CSS
131
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$186K | -10,474 | Closed |
|
132
SG Americas Securities
New York
| – | -$181K | -10,213 | Closed |
|
|
FCA
133
FinTrust Capital Advisors
Greenville,
South Carolina
| – | -$178K | -10,000 | Closed |
|
|
HIIFS
134
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
| – | -$44K | -2,500 | Closed |
|
|
PHK
135
Point72 Hong Kong
Hong Kong
| – | -$33K | -1,838 | Closed |
|
|
CG
136
Cutler Group
San Francisco,
California
| – | -$15K | -900 | Closed |
|
|
DWA
137
Dorsey Wright & Associates
Pasadena,
California
| – | -$13K | -736 | Closed |
|
ROAD Hedge Fund Activity: Q3 2020 in Review
118 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q3 2020, worth a combined $627M — up 5.2% from $597M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new ROAD positions and 20 closed out — a net gain of 4 holders — while 47 added to existing stakes and 35 trimmed.
The largest buyer was Wasatch Advisors, adding an estimated $9.81M. The largest seller was SunTx Capital Management, cutting an estimated $24.2M.
- 118 institutional investors held Construction Partners (ROAD) as of Q3 2020, up from 114 in Q2 2020.
- Funds reported $627M of Construction Partners stock for Q3 2020, up 5.2% quarter-over-quarter.
- 24 funds opened new Construction Partners positions in Q3 2020 and 20 closed out, a net change of +4 holders.
- The largest Construction Partners buyer in Q3 2020 was Wasatch Advisors, an estimated $9.81M added.
- The largest Construction Partners seller in Q3 2020 was SunTx Capital Management, an estimated $24.2M sold.
Based on aggregated 13F filings for Q3 2020.