Construction Partners
ROAD
156 hedge funds and large institutions have $1.27B invested in Construction Partners in 2023 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 48 increasing their positions, 61 reducing their positions, and 16 closing their positions.
273% more call options, than puts
Call options by funds: $455K | Put options by funds: $122K
69% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 16
18% more capital invested
Capital invested by funds: $1.08B → $1.27B (+$191M)
7% more funds holding
Funds holding: 146 → 156 (+10)
0.91% more ownership
Funds ownership: 96.88% → 97.78% (+0.91%)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$11.7M |
| 2 |
Blackstone Inc
New York
|
+$6.79M |
| 3 |
CRC
Catawba River Capital
Lake Wylie,
South Carolina
|
+$5.72M |
| 4 |
Jennison Associates
New York
|
+$5M |
| 5 |
BlackRock
New York
|
+$4.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$7.11M |
| 2 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$4.37M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$4.08M |
| 4 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$3.89M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$3.09M |
ROAD Hedge Fund Activity: Q2 2023 in Review
156 of the 6,383 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: 27 funds opened new ROAD positions and 16 closed out — a net gain of 11 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.
- 156 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.
- 27 funds opened new Construction Partners positions in Q2 2023 and 16 closed out, a net change of +11 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.