Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

North Amern Constr Group Ltd (NOA)

77 + Investors. Track Smart Money conviction in NOA. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
54%

Smart Money Signals — NOA

Based on 77 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NOA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 88% of 3.0Y peak

88% of all-time peak
77 funds currently hold this stock — 88% of the 3.0-year high of 88 funds (reached 2023 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
6 fewer hedge funds hold NOA compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 54% buying

45 buying38 selling
Last quarter: 45 funds bought or added vs 38 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-11 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 10 → 9 → 23 → 12. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 14% medium ■ 18% new
52 out of 77 hedge funds have held NOA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +2%, value -16%

Value
-16%
Shares
+1%
Last quarter: funds added +2% more shares while total portfolio value only changed -16%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

13 → 10 → 9 → 23 → 12 new funds/Q
New funds entering each quarter: 10 → 9 → 23 → 12. A growing number of institutions are discovering NOA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 71% veterans vs 19% newcomers

■ 71% veterans ■ 10% 1-2yr ■ 19% new
Entry-cohort mix of 78 holders: 55 (71%) are 2+ year veterans, 8 entered 1–2 years ago, and 15 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
21 of 77 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NOA

In 2026 Q1, 45 hedge funds were net buyers of NOA (12 opened a new position, 33 added to an existing one), while 38 reduced or exited (23 trimmed, 15 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 37% of total institutional value in NOA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 77.

Hedge Fund Ownership: NOA

How many hedge funds hold NOA — quarterly history vs. share price
Quarterly hedge fund ownership of NOA vs. share price

Market Analysis: NOA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NOA

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy North Amern Constr Group Ltd (NOA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NOA has moved relative to its sector benchmark (XLE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 84d ago
NOA
+0.7%
XLE
-11.8%

NOA outperformed XLE by +12.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
NOA
-10.6%
XLE
-9.1%

Since the filing became public, NOA outperformed XLE by -1.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 1 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
2.4
/ 10
conviction
Hedge Fund Positioning: NOA
77 + Investors

Track Smart Money conviction in NOA. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 77 80 -3.75%
13F Shares 17M 17M 1.93%
Total Value $203M $242M -16.24%
New Positions 12 23 -11
Increased Positions 33 29 +4
Closed Positions 15 14 +1
Reduced Positions 23 16 +7
Total Calls 0 1 -100.0%
Total Puts 1 0 100%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NOA

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

77 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NOA. Verified SEC 13F-HR filings.

QUARTER:
Top 25 NOA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cannell Capital LLC 7.97% 962,731 $13.0M
2 Orchard Capital Management, LLC 3.15% 223,913 $3.0M
3 Aegis Financial Corp 2.41% 1,038,177 $14.0M
4 Simcoe Capital LLC 2.00% 161,530 $2.2M
5 Bastion Asset Management Inc. 1.96% 401,076 $6.4M
6 Intrinsic Edge Capital Management LLC 0.38% 170,100 $2.3M
7 Jb Capital Partners LP 0.16% 70,000 $944K
8 Morgan Dempsey Capital Management LLC 0.12% 19,080 $257K
9 K.J. Harrison & Partners Inc 0.12% 52,500 $707K
10 Polar Asset Management Partners Inc. 0.08% 310,000 $4.2M
11 Tranquility Partners, LLC 0.08% 15,850 $214K
12 Intact Investment Management INC. 0.08% 208,000 $2.8M
13 CIBC Asset Management Inc 0.05% 1,461,868 $19.8M
14 CenterBook Partners LP 0.04% 54,917 $740K
15 PDT Partners, LLC 0.04% 48,639 $656K
16 Renaissance Group LLC 0.04% 65,887 $888K
17 Alberta Investment Management Corp 0.03% 422,493 $5.7M
18 Quadrature Capital Ltd 0.02% 135,144 $1.8M
19 Connor, Clark & Lunn Investment Management Ltd. 0.02% 587,440 $7.9M
20 National Bank of Canada /Fi/ 0.02% 1,351,965 $18.0M
21 Bank of Montreal /Can/ 0.01% 2,891,696 $39.0M
22 TD Waterhouse Canada Inc. 0.01% 325,487 $4.3M
23 Freestone Capital Holdings, LLC 0.01% 27,500 $371K
24 OneDigital Investment Advisors LLC 0.01% 40,648 $548K
25 Renaissance Technologies LLC 0.01% 253,500 $3.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — North Amern Constr Group Ltd (NOA)

What does the Smart Money Trend signal show for NOA?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NOA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NOA?

Slight buying edge — 54% buying: Last quarter: 45 funds bought or added vs 38 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NOA holders?

Strong quality — 37% AUM from major funds: 21 of 77 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held NOA?

68% of holders stayed for 2+ years: 52 out of 77 hedge funds have held NOA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy North Amern Constr Group Ltd (NOA) following the 2026 Q1 hedge fund 13F filings?

As of today, NOA has moved -10.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to -9.1% for the XLE sector ETF — an outperformance of -1.5%. Since the quarter end (March 31, 2026), NOA has gained +0.7% vs -11.8% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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