NOA · North American Construction Group Ltd. · Holdings

$12.06 +0.18 (+1.52%)

Market Cap

$319.74M

26.91M

Volume · Oct 27 11.47K Avg daily vol (3M) 111.67K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of NOA: 13F, 13D and 13G, insiders and funds →

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 72

Total Value: $217,937,427

Total Shares: 16,420,554

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 72 13F filers

Top Holder

12.4%

of institutional value

Top 5

44.2%

of institutional value

Top 10

65.3%

of institutional value

HHI

552

Broadly held

Who Holds NOA

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 71 filers, like-for-like change -3.6%; actively managed books -8.2%; index-like books +159.1%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	57.8%	36	+5.1%	2	2
Exempt adviser	0.4%	2	-73.2%	0	1
Adviser	0.3%	1	-1.8%	0	0
Bank	19.4%	8	-28.5%	1	1
Broker-dealer	0.0%	1	0.0%	0	0
Non-US	0.1%	2	-96.2%	0	1
Holding company	7.4%	3	+171.6%	0	1
Benefit plan	0.0%	0	—	0	0
Unknown	14.6%	18	+1.5%	3	5

Style	Share	Filers	Change	New	Exited
Index-like	7.5%	3	+159.1%	0	2
Systematic-like	9.0%	13	+24.1%	3	2
Concentrated	0.9%	6	-72.4%	1	3
Diversified active	82.7%	49	-8.4%	2	4
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	53.5%	33	-6.8%	1	4
Medium turnover	31.1%	17	-4.1%	1	4
High turnover	13.1%	20	+1.2%	4	3
Unknown	2.4%	1	+143.8%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	5.4%	6	-13.5%	2	1
Medium horizon	9.4%	9	+6.2%	1	2
Long horizon	74.9%	45	-0.4%	1	6
Unknown	10.3%	11	-23.1%	2	2
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	30.8%	16	-3.9%	3	2
$1B to $10B	4.5%	12	-6.9%	1	3
$10B to $100B	19.8%	20	-8.6%	1	3
$100B or more	44.9%	23	-0.5%	1	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	13.6%	12	-0.5%	0	1
Pooled investment vehicles	13.3%	11	+23.1%	0	1
Registered funds and BDCs	16.3%	3	-1.4%	0	0
Pension and profit sharing plans	0.3%	1	+34.2%	0	0
Governments and sovereign funds	2.5%	2	+155.2%	1	0
Other investment advisers	0.1%	1	-16.2%	0	0
Other	5.2%	2	-17.5%	0	0
Diversified	6.6%	4	+1.8%	1	0
Unknown	42.2%	35	-13.3%	4	9

Private funds	Share	Filers	Change	New	Exited
Hedge funds	23.7%	19	+2.4%	2	2
Private equity funds	0.0%	0	—	0	0
Liquidity funds	8.3%	1	-7.3%	0	0
Other private funds	14.3%	4	+2.7%	0	0
No private funds	11.8%	13	+14.5%	0	1
Real estate funds	0.1%	1	0.0%	0	0
Securitized asset funds	0.0%	0	—	0	0
Unknown	41.8%	33	-11.5%	4	8

Location	Share	Filers	Change	New	Exited
United States	50.0%	48	+29.9%	3	5
Outside the US	50.0%	23	-23.3%	3	6

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-06-30 13F.

Conviction and Crowding

71 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

2.82% of filers hold it in their top 10

Mar 31, 2026: 3

Holders above 5%

median weight 0.002%

Mar 31, 2026: 1

Crowding

—

a foreign private issuer reports ordinary shares, a different unit from the listed shares

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

a foreign private issuer reports ordinary shares, a different unit from the listed shares

Top 10 holders

65.4%

of 13F shares, Herfindahl 0.055

Active holders

-8.2%

like-for-like share change of active filers

5% stakes on record

0 13D, 3 13G (3 institutional, 0 passive, 0 exempt)

How long holders have held it value-weighted 17.8 quarters

Under 1 year 10.5% 1 to 3 years 20.3% 3 years or more 69.3% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$15.43

estimated per share

Mar 31, 2026: $15.65

Quarter-end price

$13.30

implied by 13F values

Estimated gain or loss

-13.8%

price against the estimated cost

Estimated at a loss

99.7%

of costed 13F value

Estimated cost covers 46.2% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies NOA's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	NGS Natural Gas Services Group Inc	3	0.237
2	METC Ramaco Resources, Inc.	3	0.224
3	GSM Ferroglobe PLC	3	0.207
4	TDW Tidewater Inc	4	0.175
5	CLS Celestica Inc	3	0.053
6	V Visa Inc.	4	0.019
7	AVGO Broadcom Inc.	3	0.014
8	AMZN Amazon Com Inc	3	0.012
9	AAPL Apple Inc.	3	0.012
10	MSFT Microsoft Corp	3	0.012

Shareholder Targets

13F filers that own its peers but not NOA, quarter ended Jun 30, 2026

Found through its holder-overlap peers: NGS, METC, GSM, TDW, CLS, V, AVGO, AMZN, AAPL, MSFT. 6,958 filers in all.

#	Filer	In peers	Of book	Largest peers
1	BlackRock, Inc. Holding company, Index-like	$939,973,032,737 10 held	14.1%	AAPL, MSFT, AMZN
2	VANGUARD CAPITAL MANAGEMENT LLC Registered adviser, Index-like	$764,590,560,056 9 held	16.3%	AAPL, MSFT, AMZN
3	STATE STREET CORP Bank, Index-like	$493,412,665,605 9 held	14.6%	AAPL, MSFT, AMZN
4	FMR LLC Holding company, Diversified active	$323,028,385,868 10 held	14.1%	AAPL, AMZN, MSFT
5	GEODE CAPITAL MANAGEMENT, LLC Registered adviser, Index-like	$293,909,121,412 10 held	15.7%	AAPL, MSFT, AMZN
6	VANGUARD PORTFOLIO MANAGEMENT LLC Registered adviser, Diversified active	$249,302,216,255 9 held	11.2%	AAPL, MSFT, AVGO
7	NORGES BANK Non-US, Index-like	$158,048,524,818 8 held	15.8%	AAPL, MSFT, AMZN
8	Invesco Ltd. Adviser, Diversified active	$155,849,925,467 10 held	12.4%	AAPL, MSFT, AMZN
9	PRICE T ROWE ASSOCIATES INC /MD/ Registered adviser, Diversified active	$148,924,160,693 10 held	15.0%	AAPL, MSFT, AVGO
10	Capital Research Global Investors Adviser, Diversified active	$125,406,983,085 5 held	17.5%	AVGO, MSFT, AMZN

Fund Ownership of NOA by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0.08% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	0.00%	0.00 pp	0	0
Index ETFs	0.08%	0.00 pp	21,641	1
Active ETFs	0.46%	-1.98 pp	123,919	6
Active funds	5.64%	+1.53 pp	1,517,386	15
Unclassified	2.26%	+2.26 pp	608,643	5
All registered funds	8.44%	+1.81 pp	2,271,589	27

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 36 Exempt adviser 2 Adviser 1 Bank 8 Broker-dealer 1 Non-US 2 Holding company 3 Unknown 19

Showing 73 of 73

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Claret Asset Management Corp

$27,090,676

12.43%

2,036,893

BANK OF MONTREAL /CAN/

$18,896,506

8.67%

1,420,790

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BMO Asset Management Inc.	1,413,984	$18,805,987	99.5%	Defined
BMO NESBITT BURNS INC.	6,056	$80,544	0.4%	Defined
BMO NESBITT BURNS SECURITIES LTD.	750	$9,975	0.1%	Defined

NATIONAL BANK OF CANADA /FI/

$18,571,906

8.52%

1,396,384

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
National Bank Financial Inc.	562,659	$7,483,364	40.3%	Defined
Held directly	833,725	$11,088,542	59.7%	Defined

CIBC Asset Management Inc

$18,016,259

8.27%

1,354,606

AEGIS FINANCIAL CORP

$13,807,754

6.34%

1,038,177

CANNELL CAPITAL LLC

$10,423,090

4.78%

783,691

MORGAN STANLEY

$10,195,938

4.68%

766,612

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	2,247	$29,885	0.3%	Defined
Morgan Stanley Canada LTD	679,464	$9,036,871	88.6%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	83,186	$1,106,373	10.9%	Defined
MORGAN STANLEY SMITH BARNEY LLC	1,715	$22,809	0.2%	Defined

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP

$8,938,171

4.10%

672,043

AMERICAN CENTURY COMPANIES INC

$8,446,657

3.88%

635,087

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AMERICAN CENTURY INVESTMENT MANAGEMENT INC	635,087	$8,446,657	100.0%	Defined

Connor, Clark & Lunn Investment Management Ltd.

$8,038,466

3.69%

604,396

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	604,396	$8,038,466	100.0%	Sole

GOLDMAN SACHS GROUP INC

$5,889,918

2.70%

442,851

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	442,851	$5,889,918	100.0%	Defined

TWO SIGMA INVESTMENTS, LP

$5,477,206

2.51%

411,820

Simcoe Capital LLC

$5,238,431

2.40%

393,867

D. E. Shaw & Co., Inc.

$5,092,570

2.34%

382,900

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	382,900	$5,092,570	100.0%	Defined

TD Waterhouse Canada Inc.

$4,139,631

1.90%

344,109

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	344,109	$4,139,631	100.0%	Defined

DIMENSIONAL FUND ADVISORS LP

$3,584,828

1.64%

269,536

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	1,400	$18,620	0.5%	Defined
DFA Australia Ltd.	4,088	$54,370	1.5%	Defined
Dimensional Ireland Ltd	31,378	$417,327	11.6%	Defined
Held directly	232,670	$3,094,511	86.3%	Sole

RENAISSANCE TECHNOLOGIES LLC

$3,285,100

1.51%

247,000

INTACT INVESTMENT MANAGEMENT INC.

$3,249,190

1.49%

244,300

Clearbridge Investments, LLC

$3,246,410

1.49%

244,091

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FRANKLIN TEMPLETON INVESTMENTS CORP	244,091	$3,246,410	100.0%	Defined

Quadrature Capital Ltd

$3,142,790

1.44%

236,300

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Quadrature US Inc.	236,300	$3,142,790	100.0%	Other

BANK OF AMERICA CORP /DE/

$3,045,340

1.40%

228,973

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MERRILL LYNCH CANADA INC.	228,973	$3,045,340	100.0%	Defined

Orchard Capital Management, LLC

$3,012,942

1.38%

226,537

Bastion Asset Management Inc.

$2,837,102

1.30%

213,316

CenterBook Partners LP

$2,575,584

1.18%

193,653

INTRINSIC EDGE CAPITAL MANAGEMENT LLC

$2,528,330

1.16%

190,100

CITADEL ADVISORS LLC

$2,255,001

1.03%

169,549

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	91,571	$1,217,894	54.0%	Defined
Held directly	77,978	$1,037,107	46.0%	Defined

BOOTHBAY FUND MANAGEMENT, LLC

$1,355,669

0.62%

101,930

Federation des caisses Desjardins du Quebec

$958,118

0.44%

72,039

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Desjardins Securities inc.	49,539	$658,868	68.8%	Defined
Held directly	22,500	$299,250	31.2%	Defined

JB CAPITAL PARTNERS LP

$931,000

0.43%

70,000

ENVESTNET ASSET MANAGEMENT INC

$906,900

0.42%

68,188

RENAISSANCE GROUP LLC

$866,734

0.40%

65,168

PDT Partners, LLC

$851,040

0.39%

63,988

Point72 Asset Management, L.P.

$805,115

0.37%

60,535

LAZARD ASSET MANAGEMENT LLC

$759,190

0.35%

57,082

JPMORGAN CHASE & CO

$737,937

0.34%

55,484

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	1,627	$21,639	2.9%	Defined
J.P. Morgan Securities LLC	53,857	$716,298	97.1%	Defined

OneDigital Investment Advisors LLC

$725,302

0.33%

54,534

Sanctuary Advisors, LLC

$672,926

0.31%

50,596

Qube Research & Technologies Ltd

$590,440

0.27%

44,394

TD Asset Management Inc

$542,227

0.25%

40,769

MILLENNIUM MANAGEMENT LLC

$455,352

0.21%

34,237

ROYAL BANK OF CANADA

$452,491

0.21%

34,022

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	343	$4,561	1.0%	Defined
RBC Dominion Securities Inc.	33,679	$447,930	99.0%	Defined

UBS Group AG

$442,836

0.20%

33,296

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS AG	33,279	$442,610	99.9%	Defined
UBS Securities LLC	17	$226	0.1%	Defined

MACKENZIE FINANCIAL CORP

$377,387

0.17%

28,375

Freestone Capital Holdings, LLC

$365,750

0.17%

27,500

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FREESTONE CAPITAL MANAGEMENT LLC	27,500	$365,750	100.0%	Defined

Dynamic Technology Lab Private Ltd

$360,044

0.17%

27,071

Savant Capital, LLC

$326,767

0.15%

24,569

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$315,409

0.14%

23,715

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	23,715	$315,409	100.0%	Other

MORGAN DEMPSEY CAPITAL MANAGEMENT LLC

$310,235

0.14%

23,326

JANE STREET GROUP, LLC

$295,260

0.14%

22,200

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	22,200	$295,260	100.0%	Defined

MAI Capital Management

$286,748

0.13%

21,560

CIBC WORLD MARKET INC.

$278,568

0.13%

20,945

Trexquant Investment LP

$243,961

0.11%

18,343

MARSHALL WACE, LLP

$237,218

0.11%

17,836

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	17,836	$237,218	100.0%	Other

SkyView Investment Advisors, LLC

$197,810

0.09%

14,873

Tranquility Partners, LLC

$178,789

0.08%

14,862

STEPHENS INC /AR/

$174,376

0.08%

13,111

NATIXIS

$168,644

0.08%

12,680

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$155,610

0.07%

11,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	11,700	$155,610	100.0%	Other

Vanguard Personalized Indexing Management, LLC

$149,904

0.07%

11,271

WINTON GROUP Ltd

$143,533

0.07%

10,792

XTX Topco Ltd

$134,702

0.06%

10,128

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	10,128	$134,702	100.0%	Defined

BNP PARIBAS ARBITRAGE, SA

$55,288

0.03%

4,157

GROUP ONE TRADING LLC

$34,912

0.02%

2,625

SIMPLEX TRADING, LLC

$26,879

0.01%

2,021

Lavaca Capital LLC

$14,749

0.01%

1,109

Rockefeller Capital Management L.P.

$11,970

0.01%

900

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ROCKEFELLER FINANCIAL LLC	900	$11,970	100.0%	Defined

LRI Investments, LLC

$8,232

0.00%

619

OSAIC HOLDINGS, INC.

$2,008

0.00%

151

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	151	$2,008	100.0%	Defined

CITIGROUP INC

$2,008

0.00%

151

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	151	$2,008	100.0%	Defined

BARCLAYS PLC

$1,330

0.00%

100

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	100	$1,330	100.0%	Defined

Manchester Capital Management LLC

$144

0.00%

Caitong International Asset Management Co., Ltd

$66

0.00%

WealthCollab, LLC

$53

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	4	$53	100.0%	Defined

Key facts CIK 1368519 CUSIP 656811106 13F (30d) 3 filings 3 filers Visit website Investor relations