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Construction Partners
ROAD

260 hedge funds and large institutions have $3.11B invested in Construction Partners in 2024 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 77 increasing their positions, 94 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

466% more call options, than puts

Call options by funds: $1.26M | Put options by funds: $223K

122% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 23

75% more funds holding in top 10

Funds holding in top 10: 4 → 7 (+3)

25% more capital invested

Capital invested by funds: $2.49B → $3.11B (+$616M)

11% more funds holding

Funds holding: 235 → 260 (+25)

1.26% less ownership

Funds ownership: 102.89% → 101.63% (-1.3%)

18% less repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 94

Holders
260
Holders Change
+25
Holders Change %
+10.64%
% of All Funds
3.73%
Holding in Top 10
7
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+75%
% of All Funds
0.1%
New
51
Increased
77
Reduced
94
Closed
23
Calls
$1.26M
Puts
$223K
Net Calls
+$1.04M
Net Calls Change
+$399K

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$23.1M
2
ClearBridge Investments
ClearBridge Investments
New York
+$19.6M
3
DCM
Driehaus Capital Management
Illinois
+$16.2M
4
FAM
Fred Alger Management
New York
+$14.6M
5
Bessemer Group
Bessemer Group
New Jersey
+$10.5M

Top Sellers

1
CCA
Conestoga Capital Advisors
Pennsylvania
-$37.4M
2
First Trust Advisors
First Trust Advisors
Illinois
-$13.5M
3
Bank of America
Bank of America
North Carolina
-$11.5M
4
N
Nuveen
North Carolina
-$10.9M
5
GCM
Geneva Capital Management
Wisconsin
-$8.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
151
Creative Planning
Kansas
$493K +$80.8K +1,311 +23%
Northwestern Mutual Wealth Management
152
Northwestern Mutual Wealth Management
Wisconsin
$481K +$9.8K +159 +2%
Mercer Global Advisors
153
Mercer Global Advisors
Colorado
$474K -$140K -2,264 -25%
SOW
154
State of Wyoming
Wyoming
$474K +$37.8K +613 +10%
FRM
155
Fox Run Management
Connecticut
$473K +$418K +6,781 New
DTL
156
Dynamic Technology Lab
Singapore
$453K +$400K +6,489 New
Envestnet Portfolio Solutions
157
Envestnet Portfolio Solutions
Illinois
$449K +$49K +795 +14%
SRL
158
Scientech Research LLC
New Jersey
$445K +$393K +6,382 New
BIM
159
Bridges Investment Management
Nebraska
$443K – – –
PL
160
Perpetual Ltd
Australia
$440K – – –
RJT
161
Raymond James Trust
Florida
$440K -$98.7K -1,601 -20%
SA
162
Sanctuary Advisors
Indiana
$412K +$254K +4,122 New
Commonwealth Equity Services
163
Commonwealth Equity Services
Massachusetts
$408K -$22.3K -362 -6%
HCM
164
HMS Capital Management
Tennessee
$404K +$356K +5,781 New
SL
165
Summitry LLC
California
$374K -$1.42K -23 -0.4%
WA
166
Wealth Alliance
New York
$354K -$5.12K -83 -2%
Pictet Asset Management
167
Pictet Asset Management
Switzerland
$351K – – –
MFIM
168
Mesirow Financial Investment Management
Illinois
$351K +$310K +5,025 New
NS
169
NBC Securities
Alabama
$343K +$81.8K +1,327 +37%
YMRC
170
Yorktown Management & Research Company
Virginia
$335K – – –
LA
171
Lindenwold Advisors
Pennsylvania
$334K -$56.4K -915 -16%
CIP
172
Cornerstone Investment Partners
Georgia
$319K +$8.5K +138 +3%
Canada Life
173
Canada Life
Manitoba, Canada
$318K – – –
AIP
174
Ameritas Investment Partners
Nebraska
$299K – – –
BCI
175
Brinker Capital Investments
Pennsylvania
$299K -$67.2K -1,091 -20%
5 6
7
8 9

ROAD Hedge Fund Activity: Q3 2024 in Review

260 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q3 2024, worth a combined $3.11B — up 25% from $2.49B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new ROAD positions and 23 closed out — a net gain of 28 holders — while 77 added to existing stakes and 94 trimmed.

The largest buyer was Ameriprise, adding an estimated $23.1M. The largest seller was Conestoga Capital Advisors, cutting an estimated $37.4M.

  • 260 institutional investors held Construction Partners (ROAD) as of Q3 2024, up from 235 in Q2 2024.
  • Funds reported $3.11B of Construction Partners stock for Q3 2024, up 25% quarter-over-quarter.
  • 51 funds opened new Construction Partners positions in Q3 2024 and 23 closed out, a net change of +28 holders.
  • The largest Construction Partners buyer in Q3 2024 was Ameriprise, an estimated $23.1M added.
  • The largest Construction Partners seller in Q3 2024 was Conestoga Capital Advisors, an estimated $37.4M sold.

Based on aggregated 13F filings for Q3 2024.