Construction Partners
ROAD
132 hedge funds and large institutions have $969M invested in Construction Partners in 2020 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 49 increasing their positions, 39 reducing their positions, and 13 closing their positions.
108% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 13
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
54% more capital invested
Capital invested by funds: $627M → $969M (+$342M)
26% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 39
12% more funds holding
Funds holding: 118 → 132 (+14)
3.42% less ownership
Funds ownership: 101.61% → 98.2% (-3.4%)
70% less call options, than puts
Call options by funds: $420K | Put options by funds: $1.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$5.27M |
| 2 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$2.77M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$2.44M |
| 4 |
Goldman Sachs
New York
|
+$2.41M |
| 5 |
BlackRock
New York
|
+$2.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$16.9M |
| 2 |
Jennison Associates
New York
|
-$4.56M |
| 3 |
RA
Royce & Associates
New York
|
-$3.58M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$3.4M |
| 5 |
Bank of New York Mellon
New York
|
-$3.17M |
ROAD Hedge Fund Activity: Q4 2020 in Review
132 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q4 2020, worth a combined $969M — up 54% from $627M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new ROAD positions and 13 closed out — a net gain of 14 holders — while 49 added to existing stakes and 39 trimmed.
The largest buyer was Wells Fargo, adding an estimated $5.27M. The largest seller was Massachusetts Financial Services, cutting an estimated $16.9M.
- 132 institutional investors held Construction Partners (ROAD) as of Q4 2020, up from 118 in Q3 2020.
- Funds reported $969M of Construction Partners stock for Q4 2020, up 54% quarter-over-quarter.
- 27 funds opened new Construction Partners positions in Q4 2020 and 13 closed out, a net change of +14 holders.
- The largest Construction Partners buyer in Q4 2020 was Wells Fargo, an estimated $5.27M added.
- The largest Construction Partners seller in Q4 2020 was Massachusetts Financial Services, an estimated $16.9M sold.
Based on aggregated 13F filings for Q4 2020.