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Construction Partners
ROAD

235 hedge funds and large institutions have $2.49B invested in Construction Partners in 2024 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 67 increasing their positions, 100 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,286% more call options, than puts

Call options by funds: $668K | Put options by funds: $28K

67% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 24

5% more funds holding

Funds holding: 223 → 235 (+12)

0.39% more ownership

Funds ownership: 102.51% → 102.89% (+0.39%)

1% less capital invested

Capital invested by funds: $2.51B → $2.49B (-$18.5M)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

33% less repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 100

Holders
235
Holders Change
+12
Holders Change %
+5.38%
% of All Funds
3.39%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
40
Increased
67
Reduced
100
Closed
24
Calls
$668K
Puts
$28K
Net Calls
+$640K
Net Calls Change
-$11K

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$47.7M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$23.2M
3
ClearBridge Investments
ClearBridge Investments
New York
+$20.4M
4
Bank of America
Bank of America
North Carolina
+$17.4M
5
Macquarie Group
Macquarie Group
Australia
+$14.5M

Top Sellers

1
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$52.9M
2
Invesco
Invesco
Georgia
-$32.3M
3
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$13M
4
BCIM
British Columbia Investment Management
British Columbia, Canada
-$12.4M
5
Natixis Advisors
Natixis Advisors
Massachusetts
-$7.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
PL
151
Perpetual Ltd
Australia
$348K – – –
Teacher Retirement System of Texas
152
Teacher Retirement System of Texas
Texas
$346K -$317K -5,730 -48%
Commonwealth Equity Services
153
Commonwealth Equity Services
Massachusetts
$342K +$343K +6,203 New
SOW
154
State of Wyoming
Wyoming
$341K -$221K -4,000 -39%
AIM
155
Aigen Investment Management
New York
$321K +$322K +5,817 New
Creative Planning
156
Creative Planning
Kansas
$317K -$101K -1,817 -24%
ProShare Advisors
157
ProShare Advisors
Maryland
$317K -$109K -1,962 -25%
LA
158
Lindenwold Advisors
Pennsylvania
$315K – – –
Envestnet Portfolio Solutions
159
Envestnet Portfolio Solutions
Illinois
$312K -$76.4K -1,380 -20%
PFM
160
Premier Fund Managers
United Kingdom
$298K – – –
SL
161
Summitry LLC
California
$297K +$93.3K +1,687 +46%
BCI
162
Brinker Capital Investments
Pennsylvania
$296K -$19K -343 -6%
OPS
163
Orion Portfolio Solutions
Nebraska
$296K -$19K -343 -6%
WA
164
Wealth Alliance
New York
$285K -$77.5K -1,400 -21%
KAS
165
Kestra Advisory Services
Texas
$283K -$17K -308 -6%
Pictet Asset Management
166
Pictet Asset Management
Switzerland
$278K -$49K -886 -15%
ASN
167
Advisory Services Network
Georgia
$267K -$18.3K -331 -6%
YMRC
168
Yorktown Management & Research Company
Virginia
$265K +$266K +4,800 New
Assenagon Asset Management
169
Assenagon Asset Management
Luxembourg
$254K – – –
Canada Life
170
Canada Life
Manitoba, Canada
$251K +$37K +668 +17%
MIM
171
Marco Investment Management
Georgia
$245K – – –
CIP
172
Cornerstone Investment Partners
Georgia
$245K -$20.2K -365 -8%
AG
173
Algert Global
California
$244K +$244K +4,417 New
AIP
174
Ameritas Investment Partners
Nebraska
$236K – – –
Mackenzie Financial
175
Mackenzie Financial
Ontario, Canada
$229K -$108K -1,949 -32%
5 6
7
8 9

ROAD Hedge Fund Activity: Q2 2024 in Review

235 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q2 2024, worth a combined $2.49B — down 0.74% from $2.51B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new ROAD positions and 24 closed out — a net gain of 16 holders — while 67 added to existing stakes and 100 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $47.7M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $52.9M.

  • 235 institutional investors held Construction Partners (ROAD) as of Q2 2024, up from 223 in Q1 2024.
  • Funds reported $2.49B of Construction Partners stock for Q2 2024, down 0.74% quarter-over-quarter.
  • 40 funds opened new Construction Partners positions in Q2 2024 and 24 closed out, a net change of +16 holders.
  • The largest Construction Partners buyer in Q2 2024 was AllianceBernstein, an estimated $47.7M added.
  • The largest Construction Partners seller in Q2 2024 was Kayne Anderson Rudnick Investment Management, an estimated $52.9M sold.

Based on aggregated 13F filings for Q2 2024.