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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
OPS
176
Orion Portfolio Solutions
Nebraska
$299K -$67.2K -1,091 -20%
CWM
177
Congress Wealth Management
Massachusetts
$298K +$263K +4,272 New
Mackenzie Financial
178
Mackenzie Financial
Ontario, Canada
$287K -$2.22K -36 -0.9%
Acadian Asset Management
179
Acadian Asset Management
Massachusetts
$274K +$242K +3,935 New
Franklin Resources
180
Franklin Resources
California
$273K +$226K +3,667 New
ASN
181
Advisory Services Network
Georgia
$267K – – –
CFGS
182
Concourse Financial Group Securities
Alabama
$267K +$180K +2,914 +322%
MIM
183
Marco Investment Management
Georgia
$262K -$42.8K -694 -16%
SPIA
184
Steward Partners Investment Advisory
New York
$254K – – –
P
185
&Partners
Tennessee
$254K +$224K +3,637 New
I
186
InceptionR
California
$253K +$224K +3,631 New
TSS
187
Two Sigma Securities
New York
$251K +$222K +3,599 New
Arrowstreet Capital
188
Arrowstreet Capital
Massachusetts
$237K +$209K +3,397 New
Walleye Capital
189
Walleye Capital
New York
$228K +$202K +3,272 New
KAS
190
Kestra Advisory Services
Texas
$223K -$119K -1,938 -38%
OSAM
191
O'Shaughnessy Asset Management
Connecticut
$223K +$184K +2,991 New
PS
192
Principal Securities
Iowa
$219K +$20.7K +336 +12%
JFG
193
Jefferies Financial Group
New York
$211K +$186K +3,018 New
N
194
Natixis
France
$209K -$4.13K -67 -2%
NAS
195
Nicolet Advisory Services
Wisconsin
$208K +$190K +3,091 New
HR
196
Hardy Reed
Mississippi
$208K +$183K +2,975 New
Public Employees Retirement Association of Colorado
197
Public Employees Retirement Association of Colorado
Colorado
$205K – – –
VFA
198
Voya Financial Advisors
Connecticut
$203K +$180K +2,919 New
PNC Financial Services Group
199
PNC Financial Services Group
Pennsylvania
$191K -$22.1K -358 -12%
HNB
200
Hilltop National Bank
Wyoming
$180K -$40.4K -655 -20%
6 7
8
9 10

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.