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Construction Partners
ROAD

260 hedge funds and large institutions have $3.11B invested in Construction Partners in 2024 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 77 increasing their positions, 94 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

466% more call options, than puts

Call options by funds: $1.26M | Put options by funds: $223K

122% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 23

75% more funds holding in top 10

Funds holding in top 10: 4 → 7 (+3)

25% more capital invested

Capital invested by funds: $2.49B → $3.11B (+$616M)

11% more funds holding

Funds holding: 235 → 260 (+25)

1.26% less ownership

Funds ownership: 102.89% → 101.63% (-1.3%)

18% less repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 94

Holders
260
Holders Change
+25
Holders Change %
+10.64%
% of All Funds
3.73%
Holding in Top 10
7
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+75%
% of All Funds
0.1%
New
51
Increased
77
Reduced
94
Closed
23
Calls
$1.26M
Puts
$223K
Net Calls
+$1.04M
Net Calls Change
+$399K

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$23.1M
2
ClearBridge Investments
ClearBridge Investments
New York
+$19.6M
3
DCM
Driehaus Capital Management
Illinois
+$16.2M
4
FAM
Fred Alger Management
New York
+$14.6M
5
Bessemer Group
Bessemer Group
New Jersey
+$10.5M

Top Sellers

1
CCA
Conestoga Capital Advisors
Pennsylvania
-$37.4M
2
First Trust Advisors
First Trust Advisors
Illinois
-$13.5M
3
Bank of America
Bank of America
North Carolina
-$11.5M
4
N
Nuveen
North Carolina
-$10.9M
5
GCM
Geneva Capital Management
Wisconsin
-$8.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCA
1
Conestoga Capital Advisors
Pennsylvania
$246M -$37.4M -606,240 -15%
BlackRock
2
BlackRock
New York
$242M -$8.3M -134,693 -4%
GCM
3
Geneva Capital Management
Wisconsin
$222M -$8.7M -141,166 -4%
Kayne Anderson Rudnick Investment Management
4
Kayne Anderson Rudnick Investment Management
California
$183M -$5.84M -94,751 -3%
Vanguard Group
5
Vanguard Group
Pennsylvania
$171M +$2.66M +43,124 +2%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$123M -$2.11M -34,260 -2%
WA
7
Wasatch Advisors
Utah
$123M -$8.49M -137,779 -7%
AllianceBernstein
8
AllianceBernstein
Tennessee
$113M -$7.22M -117,144 -7%
Macquarie Group
9
Macquarie Group
Australia
$104M -$1.72M -27,941 -2%
Bank of America
10
Bank of America
North Carolina
$76.1M -$11.5M -186,404 -15%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$71.7M +$135K +2,186 +0.2%
State Street
12
State Street
Massachusetts
$70.1M +$1.61M +26,189 +3%
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$69.9M +$1.78M +28,838 +3%
American Century Companies
14
American Century Companies
Missouri
$61M -$4.6M -74,661 -8%
Invesco
15
Invesco
Georgia
$59.4M -$4.11M -66,761 -7%
DCM
16
Driehaus Capital Management
Illinois
$58.1M +$16.2M +262,551 +46%
Loomis, Sayles & Company
17
Loomis, Sayles & Company
Massachusetts
$52.2M -$1.05M -16,960 -2%
Ameriprise
18
Ameriprise
Minnesota
$51.4M +$23.1M +375,422 +104%
ClearBridge Investments
19
ClearBridge Investments
New York
$48M +$19.6M +318,710 +86%
First Trust Advisors
20
First Trust Advisors
Illinois
$40.5M -$13.5M -218,883 -27%
Mirae Asset Global ETFs Holdings
21
Mirae Asset Global ETFs Holdings
Hong Kong
$37.7M +$817K +13,261 +3%
Jennison Associates
22
Jennison Associates
New York
$35.1M -$1.64M -26,637 -5%
VOYA Investment Management
23
VOYA Investment Management
Georgia
$34M +$949K +15,405 +3%
Natixis Advisors
24
Natixis Advisors
Massachusetts
$33.3M -$642K -10,425 -2%
Envestnet Asset Management
25
Envestnet Asset Management
Illinois
$32.8M +$1.12M +18,115 +4%
1
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ROAD Hedge Fund Activity: Q3 2024 in Review

260 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q3 2024, worth a combined $3.11B — up 25% from $2.49B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new ROAD positions and 23 closed out — a net gain of 28 holders — while 77 added to existing stakes and 94 trimmed.

The largest buyer was Ameriprise, adding an estimated $23.1M. The largest seller was Conestoga Capital Advisors, cutting an estimated $37.4M.

  • 260 institutional investors held Construction Partners (ROAD) as of Q3 2024, up from 235 in Q2 2024.
  • Funds reported $3.11B of Construction Partners stock for Q3 2024, up 25% quarter-over-quarter.
  • 51 funds opened new Construction Partners positions in Q3 2024 and 23 closed out, a net change of +28 holders.
  • The largest Construction Partners buyer in Q3 2024 was Ameriprise, an estimated $23.1M added.
  • The largest Construction Partners seller in Q3 2024 was Conestoga Capital Advisors, an estimated $37.4M sold.

Based on aggregated 13F filings for Q3 2024.