Construction Partners
ROAD
151 hedge funds and large institutions have $1.05B invested in Construction Partners in 2022 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 48 increasing their positions, 53 reducing their positions, and 13 closing their positions.
123% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 13
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
25% more capital invested
Capital invested by funds: $839M → $1.05B (+$212M)
11% more funds holding
Funds holding: 136 → 151 (+15)
0.12% less ownership
Funds ownership: 97.23% → 97.11% (-0.12%)
9% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 53
84% less call options, than puts
Call options by funds: $39K | Put options by funds: $249K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$13.5M |
| 2 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$5.43M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$5.36M |
| 4 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
+$3.94M |
| 5 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
+$3.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$12.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$8.96M |
| 3 |
SCA
Summit Creek Advisors
Minneapolis,
Minnesota
|
-$7.2M |
| 4 |
BlackRock
New York
|
-$4.13M |
| 5 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$3.02M |
ROAD Hedge Fund Activity: Q3 2022 in Review
151 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q3 2022, worth a combined $1.05B — up 25% from $839M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new ROAD positions and 13 closed out — a net gain of 16 holders — while 48 added to existing stakes and 53 trimmed.
The largest buyer was American Century Companies, adding an estimated $13.5M. The largest seller was Wasatch Advisors, cutting an estimated $12.9M.
- 151 institutional investors held Construction Partners (ROAD) as of Q3 2022, up from 136 in Q2 2022.
- Funds reported $1.05B of Construction Partners stock for Q3 2022, up 25% quarter-over-quarter.
- 29 funds opened new Construction Partners positions in Q3 2022 and 13 closed out, a net change of +16 holders.
- The largest Construction Partners buyer in Q3 2022 was American Century Companies, an estimated $13.5M added.
- The largest Construction Partners seller in Q3 2022 was Wasatch Advisors, an estimated $12.9M sold.
Based on aggregated 13F filings for Q3 2022.