Construction Partners
ROAD
147 hedge funds and large institutions have $1.18B invested in Construction Partners in 2021 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 56 increasing their positions, 52 reducing their positions, and 23 closing their positions.
8% more capital invested
Capital invested by funds: $1.1B → $1.18B (+$88.1M)
8% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 52
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.6% less ownership
Funds ownership: 97.73% → 97.13% (-0.6%)
5% less funds holding
Funds holding: 155 → 147 (-8)
30% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 23
80% less call options, than puts
Call options by funds: $205K | Put options by funds: $1.05M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
+$39.8M |
| 2 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
+$17M |
| 3 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
+$3.94M |
| 4 |
LBD
Landsberg Bennett & Dubbaneh
Punta Gorda,
Florida
|
+$2.37M |
| 5 |
CRC
Catawba River Capital
Lake Wylie,
South Carolina
|
+$2.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$16.6M |
| 2 |
SCA
Summit Creek Advisors
Minneapolis,
Minnesota
|
-$7.77M |
| 3 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$6.55M |
| 4 |
SCM
SunTx Capital Management
Dallas,
Texas
|
-$5.16M |
| 5 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
-$3.28M |
ROAD Hedge Fund Activity: Q3 2021 in Review
147 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q3 2021, worth a combined $1.18B — up 8% from $1.1B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of ROAD and 16 opened new positions — a net loss of 7 holders — while 52 trimmed existing stakes and 56 added.
The largest buyer was Geneva Capital Management, opening a new position worth an estimated $39.8M. The largest seller was Janus Henderson Group, cutting an estimated $16.6M.
- 147 institutional investors held Construction Partners (ROAD) as of Q3 2021, down from 155 in Q2 2021.
- Funds reported $1.18B of Construction Partners stock for Q3 2021, up 8% quarter-over-quarter.
- 16 funds opened new Construction Partners positions in Q3 2021 and 23 closed out, a net change of -7 holders.
- The largest Construction Partners buyer in Q3 2021 was Geneva Capital Management, an estimated $39.8M added.
- The largest Construction Partners seller in Q3 2021 was Janus Henderson Group, an estimated $16.6M sold.
Based on aggregated 13F filings for Q3 2021.