Construction Partners
ROAD
146 hedge funds and large institutions have $1.08B invested in Construction Partners in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 67 increasing their positions, 39 reducing their positions, and 22 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
72% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 39
31% more call options, than puts
Call options by funds: $180K | Put options by funds: $137K
1.17% more ownership
Funds ownership: 95.71% → 96.88% (+1.2%)
4% more capital invested
Capital invested by funds: $1.04B → $1.08B (+$42.7M)
6% less funds holding
Funds holding: 155 → 146 (-9)
36% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
+$12.7M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$5.72M |
| 3 |
CRC
Catawba River Capital
Lake Wylie,
South Carolina
|
+$4.14M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
+$3.93M |
| 5 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$5.48M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.42M |
| 3 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$4.63M |
| 4 |
AACP
Advantage Alpha Capital Partners
San Francisco,
California
|
-$3.46M |
| 5 |
Morgan Stanley
New York
|
-$1.39M |
ROAD Hedge Fund Activity: Q1 2023 in Review
146 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q1 2023, worth a combined $1.08B — up 4.1% from $1.04B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of ROAD and 14 opened new positions — a net loss of 8 holders — while 39 trimmed existing stakes and 67 added.
The largest buyer was Geneva Capital Management, adding an estimated $12.7M. The largest seller was Wasatch Advisors, cutting an estimated $5.48M.
- 146 institutional investors held Construction Partners (ROAD) as of Q1 2023, down from 155 in Q4 2022.
- Funds reported $1.08B of Construction Partners stock for Q1 2023, up 4.1% quarter-over-quarter.
- 14 funds opened new Construction Partners positions in Q1 2023 and 22 closed out, a net change of -8 holders.
- The largest Construction Partners buyer in Q1 2023 was Geneva Capital Management, an estimated $12.7M added.
- The largest Construction Partners seller in Q1 2023 was Wasatch Advisors, an estimated $5.48M sold.
Based on aggregated 13F filings for Q1 2023.