Construction Partners
ROAD
136 hedge funds and large institutions have $839M invested in Construction Partners in 2022 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 60 increasing their positions, 48 reducing their positions, and 20 closing their positions.
978% more call options, than puts
Call options by funds: $388K | Put options by funds: $36K
25% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 48
2.37% more ownership
Funds ownership: 94.86% → 97.23% (+2.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 148 → 136 (-12)
18% less capital invested
Capital invested by funds: $1.02B → $839M (-$184M)
45% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$18.6M |
| 2 |
AACP
Advantage Alpha Capital Partners
San Francisco,
California
|
+$9.33M |
| 3 |
BlackRock
New York
|
+$8.51M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$7.72M |
| 5 |
Natixis Advisors
Boston,
Massachusetts
|
+$5.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$6.41M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$4.14M |
| 3 |
CRC
Catawba River Capital
Lake Wylie,
South Carolina
|
-$4.13M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$3.09M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$3.06M |
ROAD Hedge Fund Activity: Q2 2022 in Review
136 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q2 2022, worth a combined $839M — down 18% from $1.02B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of ROAD and 11 opened new positions — a net loss of 9 holders — while 48 trimmed existing stakes and 60 added.
The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $18.6M. The largest seller was JP Morgan Chase, cutting an estimated $6.41M.
- 136 institutional investors held Construction Partners (ROAD) as of Q2 2022, down from 148 in Q1 2022.
- Funds reported $839M of Construction Partners stock for Q2 2022, down 18% quarter-over-quarter.
- 11 funds opened new Construction Partners positions in Q2 2022 and 20 closed out, a net change of -9 holders.
- The largest Construction Partners buyer in Q2 2022 was Kayne Anderson Rudnick Investment Management, an estimated $18.6M added.
- The largest Construction Partners seller in Q2 2022 was JP Morgan Chase, an estimated $6.41M sold.
Based on aggregated 13F filings for Q2 2022.