Construction Partners
ROAD
343 hedge funds and large institutions have $5.4B invested in Construction Partners in 2026 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 119 increasing their positions, 117 reducing their positions, and 39 closing their positions.
44% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 39
5% more capital invested
Capital invested by funds: $5.13B → $5.4B (+$271M)
3% more funds holding
Funds holding: 332 → 343 (+11)
2.81% more ownership
Funds ownership: 98.51% → 101.32% (+2.8%)
2% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 117
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
5% less call options, than puts
Call options by funds: $8.8M | Put options by funds: $9.27M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$302M |
| 2 |
Jane Street
New York
|
+$68.3M |
| 3 |
Goldman Sachs
New York
|
+$52.3M |
| 4 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$28.7M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$28.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$77.5M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$67.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$55.1M |
| 4 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$44.5M |
| 5 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
-$31.2M |
ROAD Hedge Fund Activity: Q1 2026 in Review
343 of the 8,186 institutional investors tracked by Wall St. Rank reported a position in Construction Partners (ROAD) for Q1 2026, worth a combined $5.4B — up 5.3% from $5.13B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new ROAD positions and 39 closed out — a net gain of 17 holders — while 119 added to existing stakes and 117 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $302M. The largest seller was AllianceBernstein, cutting an estimated $77.5M.
- 343 institutional investors held Construction Partners (ROAD) as of Q1 2026, up from 332 in Q4 2025.
- Funds reported $5.4B of Construction Partners stock for Q1 2026, up 5.3% quarter-over-quarter.
- 56 funds opened new Construction Partners positions in Q1 2026 and 39 closed out, a net change of +17 holders.
- The largest Construction Partners buyer in Q1 2026 was Fidelity Investments, an estimated $302M added.
- The largest Construction Partners seller in Q1 2026 was AllianceBernstein, an estimated $77.5M sold.
Based on aggregated 13F filings for Q1 2026.