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Construction Partners
ROAD

159 hedge funds and large institutions have $991M invested in Construction Partners in 2021 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 70 increasing their positions, 42 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

245% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 11

67% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 42

20% more funds holding

Funds holding: 132 → 159 (+27)

2% more capital invested

Capital invested by funds: $969M → $991M (+$21.9M)

3.8% less ownership

Funds ownership: 98.2% → 94.39% (-3.8%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

70% less call options, than puts

Call options by funds: $1.93M | Put options by funds: $6.47M

Holders
159
Holders Change
+27
Holders Change %
+20.45%
% of All Funds
2.79%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
38
Increased
70
Reduced
42
Closed
11
Calls
$1.93M
Puts
$6.47M
Net Calls
-$4.54M
Net Calls Change
-$3.56M

Top Buyers

1
Baird Financial Group
Baird Financial Group
Wisconsin
+$25.4M
2
Bank of America
Bank of America
North Carolina
+$23M
3
WA
Wasatch Advisors
Utah
+$17.4M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$15M
5
CCA
Conestoga Capital Advisors
Pennsylvania
+$10.2M

Top Sellers

1
SCM
SunTx Capital Management
Texas
-$137M
2
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$14.7M
3
IM
Islet Management
New York
-$13.8M
4
Bank of New York Mellon
Bank of New York Mellon
New York
-$13.3M
5
JAM
Jupiter Asset Management
United Kingdom
-$4.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCA
1
Conestoga Capital Advisors
Pennsylvania
$157M +$10.2M +337,170 +7%
WA
2
Wasatch Advisors
Utah
$108M +$17.4M +577,474 +19%
Kayne Anderson Rudnick Investment Management
3
Kayne Anderson Rudnick Investment Management
California
$81.8M +$6.51M +215,804 +9%
BlackRock
4
BlackRock
New York
$65.4M +$7.02M +232,504 +12%
Vanguard Group
5
Vanguard Group
Pennsylvania
$50.5M +$4.75M +157,398 +10%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$48M +$15M +496,673 +45%
SCM
7
SunTx Capital Management
Texas
$28.8M -$137M -4,548,010 -83%
Wells Fargo
8
Wells Fargo
California
$25.9M +$7.93M +262,961 +44%
Janus Henderson Group
9
Janus Henderson Group
United Kingdom
$25.6M -$2.77M -91,934 -10%
Bank of America
10
Bank of America
North Carolina
$25.5M +$23M +762,229 +840%
Baird Financial Group
11
Baird Financial Group
Wisconsin
$25.2M +$25.4M +842,905 New
RA
12
Royce & Associates
New York
$22.3M -$1.42M -47,200 -6%
SCA
13
Summit Creek Advisors
Minnesota
$20.8M -$490K -16,252 -2%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$20.7M -$13.3M -441,028 -39%
CI Investments Inc
15
CI Investments Inc
Ontario, Canada
$16.7M -$628K -20,799 -4%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$15.4M +$1.66M +55,133 +12%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$15.1M +$1.17M +38,824 +8%
State Street
18
State Street
Massachusetts
$14M +$75.5K +2,502 +0.5%
RJA
19
Raymond James & Associates
Florida
$10.3M +$3.02M +100,147 +41%
Northern Trust
20
Northern Trust
Illinois
$10.2M -$113K -3,758 -1%
Comerica Bank
21
Comerica Bank
Texas
$10.1M +$912K +30,228 +10%
BCIM
22
British Columbia Investment Management
British Columbia, Canada
$9.78M +$6.28M +208,199 +175%
N
23
Nuveen
North Carolina
$8.88M -$312K -10,329 -3%
Ameriprise
24
Ameriprise
Minnesota
$8.75M +$587K +19,469 +7%
Natixis Advisors
25
Natixis Advisors
Massachusetts
$8.68M -$7.72K -256 -0.1%
1
2 3 4 5

ROAD Hedge Fund Activity: Q1 2021 in Review

159 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q1 2021, worth a combined $991M — up 2.3% from $969M a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new ROAD positions and 11 closed out — a net gain of 27 holders — while 70 added to existing stakes and 42 trimmed.

The largest buyer was Baird Financial Group, opening a new position worth an estimated $25.4M. The largest seller was SunTx Capital Management, cutting an estimated $137M.

  • 159 institutional investors held Construction Partners (ROAD) as of Q1 2021, up from 132 in Q4 2020.
  • Funds reported $991M of Construction Partners stock for Q1 2021, up 2.3% quarter-over-quarter.
  • 38 funds opened new Construction Partners positions in Q1 2021 and 11 closed out, a net change of +27 holders.
  • The largest Construction Partners buyer in Q1 2021 was Baird Financial Group, an estimated $25.4M added.
  • The largest Construction Partners seller in Q1 2021 was SunTx Capital Management, an estimated $137M sold.

Based on aggregated 13F filings for Q1 2021.