Construction Partners
ROAD
338 hedge funds and large institutions have $5.9B invested in Construction Partners in 2025 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 98 increasing their positions, 143 reducing their positions, and 29 closing their positions.
146% more call options, than puts
Call options by funds: $10.6M | Put options by funds: $4.29M
48% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 29
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
17% more capital invested
Capital invested by funds: $5.05B → $5.9B (+$840M)
3% more funds holding
Funds holding: 329 → 338 (+9)
3.08% less ownership
Funds ownership: 100.76% → 97.68% (-3.1%)
31% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 143
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$90.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$43.1M |
| 3 |
BlackRock
New York
|
+$31.1M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$30.1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$25.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$57.3M |
| 2 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
-$39.9M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$36M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$29.4M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$25.1M |
ROAD Hedge Fund Activity: Q3 2025 in Review
338 of the 7,641 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q3 2025, worth a combined $5.9B — up 17% from $5.05B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new ROAD positions and 29 closed out — a net gain of 14 holders — while 98 added to existing stakes and 143 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $90.5M. The largest seller was Conestoga Capital Advisors, cutting an estimated $57.3M.
- 338 institutional investors held Construction Partners (ROAD) as of Q3 2025, up from 329 in Q2 2025.
- Funds reported $5.9B of Construction Partners stock for Q3 2025, up 17% quarter-over-quarter.
- 43 funds opened new Construction Partners positions in Q3 2025 and 29 closed out, a net change of +14 holders.
- The largest Construction Partners buyer in Q3 2025 was T. Rowe Price Associates, an estimated $90.5M added.
- The largest Construction Partners seller in Q3 2025 was Conestoga Capital Advisors, an estimated $57.3M sold.
Based on aggregated 13F filings for Q3 2025.