Construction Partners
ROAD
223 hedge funds and large institutions have $2.51B invested in Construction Partners in 2024 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 79 increasing their positions, 78 reducing their positions, and 38 closing their positions.
415% more call options, than puts
Call options by funds: $808K | Put options by funds: $157K
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
33% more capital invested
Capital invested by funds: $1.88B → $2.51B (+$627M)
3.61% more ownership
Funds ownership: 98.9% → 102.51% (+3.6%)
1% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 78
0% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 38
1% less funds holding
Funds holding: 225 → 223 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$52.3M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$39.6M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$35.3M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
+$16.7M |
| 5 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
+$12.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$24.8M |
| 2 |
Millennium Management
New York
|
-$15.6M |
| 3 |
Morgan Stanley
New York
|
-$11.6M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$7.49M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$6.36M |
ROAD Hedge Fund Activity: Q1 2024 in Review
223 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q1 2024, worth a combined $2.51B — up 33% from $1.88B a quarter earlier.
Fund positioning in ROAD was balanced in Q1 2024: 38 funds opened new positions, 38 closed out, 79 added to existing stakes and 78 trimmed.
The largest buyer was Wasatch Advisors, adding an estimated $52.3M. The largest seller was Conestoga Capital Advisors, cutting an estimated $24.8M.
- 223 institutional investors held Construction Partners (ROAD) as of Q1 2024, down from 225 in Q4 2023.
- Funds reported $2.51B of Construction Partners stock for Q1 2024, up 33% quarter-over-quarter.
- 38 funds opened new Construction Partners positions in Q1 2024 and 38 closed out, a net change of 0 holders.
- The largest Construction Partners buyer in Q1 2024 was Wasatch Advisors, an estimated $52.3M added.
- The largest Construction Partners seller in Q1 2024 was Conestoga Capital Advisors, an estimated $24.8M sold.
Based on aggregated 13F filings for Q1 2024.