Construction Partners
ROAD
156 hedge funds and large institutions have $1.1B invested in Construction Partners in 2021 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 62 increasing their positions, 54 reducing their positions, and 23 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
15% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 54
10% more capital invested
Capital invested by funds: $994M → $1.1B (+$103M)
3.36% more ownership
Funds ownership: 94.39% → 97.75% (+3.4%)
4% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 23
2% less funds holding
Funds holding: 159 → 156 (-3)
87% less call options, than puts
Call options by funds: $572K | Put options by funds: $4.56M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$65.3M |
| 2 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$11.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$8.64M |
| 4 |
Morgan Stanley
New York
|
+$6.21M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$3.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$25.2M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
-$6.23M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$4.94M |
| 4 |
BlackRock
New York
|
-$3.63M |
| 5 |
SCM
SunTx Capital Management
Dallas,
Texas
|
-$3.32M |
ROAD Hedge Fund Activity: Q2 2021 in Review
156 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q2 2021, worth a combined $1.1B — up 10% from $994M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of ROAD and 22 opened new positions — a net loss of 1 holder — while 54 trimmed existing stakes and 62 added.
The largest buyer was Invesco, adding an estimated $65.3M. The largest seller was Baird Financial Group, exiting entirely with an estimated $25.2M sold.
- 156 institutional investors held Construction Partners (ROAD) as of Q2 2021, down from 159 in Q1 2021.
- Funds reported $1.1B of Construction Partners stock for Q2 2021, up 10% quarter-over-quarter.
- 22 funds opened new Construction Partners positions in Q2 2021 and 23 closed out, a net change of -1 holder.
- The largest Construction Partners buyer in Q2 2021 was Invesco, an estimated $65.3M added.
- The largest Construction Partners seller in Q2 2021 was Baird Financial Group, an estimated $25.2M sold.
Based on aggregated 13F filings for Q2 2021.