North American Construction Group Ltd. - Common Stock (NOA) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2018 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
NOA on NYSE
Shares outstanding
30,093,261
Price per share
$15.60
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
16,713,914
Total reported value
$241,225,258
% of total 13F portfolios
0%
Share change
+1,627,829
Value change
+$24,874,430
Number of holders
78
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of North American Construction Group Ltd. - Common Stock (NOA) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
BANK OF MONTREAL /CAN/ 9.8% -8.8% $39,333,547 -$5,751,046 2,873,159 -13% Bank of Montreal 31 Dec 2025
Claret Asset Management Corp 7.5% $32,019,376 2,081,884 Claret Asset Management Corporation 31 Dec 2024
Mawer Investment Management Ltd. 7% -19% $29,287,505 -$9,203,157 2,038,058 -24% Mawer Investment Management Ltd. 31 Dec 2025
CANNELL CAPITAL LLC 5.1% -17% $24,726,190 -$2,446,906 1,547,321 -9% CANNELL CAPITAL LLC 30 Jun 2025
Polar Asset Management Partners Inc. 4.6% -14% $19,892,247 -$3,365,253 1,384,290 -14% Polar Asset Management Partners Inc. 31 Dec 2025

As of 31 Dec 2025, 78 institutional investors reported holding 16,713,914 shares of North American Construction Group Ltd. - Common Stock (NOA). This represents 56% of the company’s total 30,093,261 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of North American Construction Group Ltd. - Common Stock (NOA) together control 50% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BANK OF MONTREAL /CAN/ 9.3% 2,789,384 +3.1% 0.02% $40,158,357
Claret Asset Management Corp 6.8% 2,037,652 -0.21% 3.4% $29,336,000
CIBC Asset Management Inc 4.8% 1,442,155 +22% 0.05% $20,812,204
NATIONAL BANK OF CANADA /FI/ 4.5% 1,339,706 +1.1% 0.02% $18,794,846
CANNELL CAPITAL LLC 3.6% 1,075,307 -18% 9.9% $15,452,162
AEGIS FINANCIAL CORP 3.4% 1,038,177 +23% 3.6% $14,967,433
Bastion Asset Management Inc. 2% 589,794 5.5% $9,944,355
AMERICAN CENTURY COMPANIES INC 1.8% 531,181 +17% 0% $7,647,180
Polar Asset Management Partners Inc. 1.8% 527,336 -43% 0.15% $7,608,800
Connor, Clark & Lunn Investment Management Ltd. 1.2% 361,200 +3.2% 0.01% $5,200,144
MILLENNIUM MANAGEMENT LLC 1.1% 338,866 0% $4,877,181
TD Waterhouse Canada Inc. 0.99% 299,322 +7.1% 0.03% $4,025,064
D. E. Shaw & Co., Inc. 0.89% 267,100 +1549% 0% $3,845,742
RENAISSANCE TECHNOLOGIES LLC 0.87% 261,200 -12% 0.01% $3,753,444
TWO SIGMA INVESTMENTS, LP 0.83% 248,507 +253% 0.01% $3,571,046
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.81% 243,682 +139% 0% $3,506,933
Clearbridge Investments, LLC 0.72% 217,287 -3.4% 0% $3,122,410
CenterBook Partners LP 0.7% 210,273 0.15% $3,021,623
BANK OF AMERICA CORP /DE/ 0.67% 201,002 +18% 0% $2,888,399
JANE STREET GROUP, LLC 0.6% 181,978 0% $2,615,024
GOLDMAN SACHS GROUP INC 0.57% 172,791 -64% 0% $2,483,007
Orchard Capital Management, LLC 0.52% 155,101 +1.9% 1.9% $2,228,801
DIMENSIONAL FUND ADVISORS LP 0.49% 147,643 -3.2% 0% $2,121,518
Timelo Investment Management Inc. 0.47% 140,156 -49% 2.1% $2,014,042
MORGAN STANLEY 0.44% 132,470 +456% 0% $1,903,593

Institutional Holders of North American Construction Group Ltd. - Common Stock (NOA) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 16,713,914 $241,225,258 +$24,874,430 $14.37 78
2025 Q3 15,085,665 $214,764,948 -$22,710,330 $14.20 72
2025 Q2 16,495,732 $263,802,371 -$26,063,542 $15.98 76
2025 Q1 18,291,317 $288,675,203 +$13,781,806 $15.79 83
2024 Q4 17,357,958 $374,245,736 +$1,585,585 $21.61 84
2024 Q3 17,344,618 $324,344,068 +$1,537,884 $18.70 79
2024 Q2 17,197,898 $333,015,882 -$14,483,995 $19.28 82
2024 Q1 17,829,449 $398,479,252 +$18,560,565 $22.28 86
2023 Q4 17,111,463 $357,659,840 -$26,614,468 $20.85 92
2023 Q3 18,154,454 $396,356,777 +$41,379,181 $21.72 90
2023 Q2 15,847,735 $303,690,124 +$2,860,441 $19.13 83
2023 Q1 15,855,757 $264,399,147 +$13,862,018 $16.70 72
2022 Q4 15,059,825 $202,197,021 +$1,921,760 $13.37 58
2022 Q3 14,365,655 $138,837,088 -$6,822,220 $9.57 51
2022 Q2 15,834,249 $174,794,123 +$9,172,752 $11.03 56
2022 Q1 14,804,782 $214,186,038 +$2,985,492 $14.44 63
2021 Q4 14,553,459 $220,419,360 +$14,329,479 $15.13 61
2021 Q3 12,730,294 $186,174,675 -$7,220,952 $14.69 56
2021 Q2 13,426,888 $204,195,694 -$7,338,090 $15.18 68
2021 Q1 13,706,328 $147,506,177 -$4,648,902 $10.76 60
2020 Q4 14,171,987 $139,245,478 +$3,403,221 $9.88 54
2020 Q3 14,268,629 $92,806,493 +$2,697,102 $6.51 48
2020 Q2 13,894,179 $86,968,005 -$4,642,257 $6.26 47
2020 Q1 14,768,085 $74,774,994 -$3,261,914 $5.07 62
2019 Q4 14,892,989 $180,473,719 +$1,431,386 $12.12 62
2019 Q3 14,879,911 $171,574,969 -$1,203,174 $11.53 68
2019 Q2 15,302,864 $166,140,031 -$2,443,914 $10.80 62
2019 Q1 15,135,544 $176,071,523 +$5,812,113 $11.64 60
2018 Q4 14,867,949 $132,960,489 +$4,607,687 $8.90 55
2018 Q3 13,496,510 $132,054,924 -$800,152 $9.80 47
2018 Q2 13,836,660 $82,565,740 +$79,117,029 $5.95 35
2018 Q1 583,468 $3,071,000 +$3,071,000 $5.27 2