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Construction Partners
ROAD

157 hedge funds and large institutions have $1.27B invested in Construction Partners in 2023 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 48 increasing their positions, 61 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

273% more call options, than puts

Call options by funds: $455K | Put options by funds: $122K

75% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 16

18% more capital invested

Capital invested by funds: $1.08B → $1.27B (+$191M)

8% more funds holding

Funds holding: 146 → 157 (+11)

0.94% more ownership

Funds ownership: 96.88% → 97.81% (+0.94%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

21% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 61

Holders
157
Holders Change
+11
Holders Change %
+7.53%
% of All Funds
2.47%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
28
Increased
48
Reduced
61
Closed
16
Calls
$455K
Puts
$122K
Net Calls
+$333K
Net Calls Change
+$290K

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$11.7M
2
Blackstone Inc
Blackstone Inc
New York
+$6.79M
3
CRC
Catawba River Capital
South Carolina
+$5.72M
4
Jennison Associates
Jennison Associates
New York
+$5M
5
BlackRock
BlackRock
New York
+$4.02M

Top Sellers

1
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$7.11M
2
CCA
Conestoga Capital Advisors
Pennsylvania
-$4.37M
3
PCM
Penn Capital Management
Pennsylvania
-$4.08M
4
BCIM
British Columbia Investment Management
British Columbia, Canada
-$3.89M
5
WA
Wasatch Advisors
Utah
-$3.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCA
1
Conestoga Capital Advisors
Pennsylvania
$160M -$4.37M -152,586 -3%
Kayne Anderson Rudnick Investment Management
2
Kayne Anderson Rudnick Investment Management
California
$126M -$7.11M -248,407 -6%
GCM
3
Geneva Capital Management
Wisconsin
$98.3M -$126K -4,391 -0.1%
BlackRock
4
BlackRock
New York
$96.5M +$4.02M +140,572 +5%
Invesco
5
Invesco
Georgia
$68.1M -$623K -21,777 -1%
Vanguard Group
6
Vanguard Group
Pennsylvania
$66.2M +$272K +9,514 +0.5%
WA
7
Wasatch Advisors
Utah
$54.4M -$3.09M -107,958 -6%
American Century Companies
8
American Century Companies
Missouri
$35.9M +$1.61M +56,195 +5%
State Street
9
State Street
Massachusetts
$26.1M +$390K +13,616 +2%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$26M +$705K +24,635 +3%
RA
11
Royce & Associates
New York
$25.2M -$1.64M -57,400 -7%
Bank of America
12
Bank of America
North Carolina
$24.8M -$2.32M -81,214 -9%
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$23M -$87.9K -3,071 -0.4%
RJA
14
Raymond James & Associates
Florida
$22.5M +$1.68M +58,724 +9%
Natixis Advisors
15
Natixis Advisors
Massachusetts
$20.2M -$101K -3,518 -0.5%
Fidelity Investments
16
Fidelity Investments
Massachusetts
$19.8M -$339K -11,848 -2%
Jennison Associates
17
Jennison Associates
New York
$19.7M +$5M +174,753 +39%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$18.7M +$201K +7,034 +1%
CI Investments Inc
19
CI Investments Inc
Ontario, Canada
$18.4M +$771K +26,949 +5%
Mirae Asset Global Investments
20
Mirae Asset Global Investments
South Korea
$16.5M +$1.19M +41,547 +9%
VOYA Investment Management
21
VOYA Investment Management
Georgia
$16.4M -$1.74M -60,918 -10%
JP Morgan Chase
22
JP Morgan Chase
New York
$15.8M +$11.7M +410,306 +436%
CRC
23
Catawba River Capital
South Carolina
$13.2M +$5.72M +199,793 +90%
Wells Fargo
24
Wells Fargo
California
$12.8M -$465K -16,255 -4%
SCA
25
Summit Creek Advisors
Minnesota
$12.8M +$14.4K +502 +0.1%
1
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ROAD Hedge Fund Activity: Q2 2023 in Review

157 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q2 2023, worth a combined $1.27B — up 18% from $1.08B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new ROAD positions and 16 closed out — a net gain of 12 holders — while 48 added to existing stakes and 61 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $11.7M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $7.11M.

  • 157 institutional investors held Construction Partners (ROAD) as of Q2 2023, up from 146 in Q1 2023.
  • Funds reported $1.27B of Construction Partners stock for Q2 2023, up 18% quarter-over-quarter.
  • 28 funds opened new Construction Partners positions in Q2 2023 and 16 closed out, a net change of +12 holders.
  • The largest Construction Partners buyer in Q2 2023 was JP Morgan Chase, an estimated $11.7M added.
  • The largest Construction Partners seller in Q2 2023 was Kayne Anderson Rudnick Investment Management, an estimated $7.11M sold.

Based on aggregated 13F filings for Q2 2023.