Who owns Construction Partners (ROAD)
Which tracked institutional funds hold ROAD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ROAD company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
88 tracked funds added or opened ROAD while 66 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ROAD’s largest tracked holder by dollar value, FMR LLC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ROAD divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 341 tracked filers holding ROAD, 183 increased or opened the position and 165 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ROAD between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 18
- NORGES BANK$66M
- Sunriver Management LLC$21M
- WELLINGTON MANAGEMENT GROUP LLP$17M
- Divisadero Street Capital Management, LP$6M
- ALGERT GLOBAL LLC$6M
- KORNITZER CAPITAL MANAGEMENT INC /KS$5M
Full exits 28
- LORD, ABBETT & CO. LLC$43M
- NATIXIS ADVISORS, LLC$30M
- BESSEMER GROUP INC$30M
- Munro Partners$14M
- AGF MANAGEMENT LTD$12M
- Thrivent Financial for Lutherans$7M
Largest adds
- BlackRock, Inc.$109M
- FMR LLC$62M
- MILLENNIUM MANAGEMENT LLC$41M
- GOLDMAN SACHS GROUP INC$37M
- FIRST TRUST ADVISORS LP$31M
- JPMORGAN CHASE & CO$30M
Largest trims
- JANE STREET GROUP, LLC$54M
- Artemis Investment Management LLP$29M
- GENEVA CAPITAL MANAGEMENT LLC$26M
- Invesco Ltd.$26M
- Conestoga Capital Advisors, LLC$22M
- PRICE T ROWE ASSOCIATES INC /MD/$18M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FMR LLC added | 7,145,671 | $849M | 15.3% | 2026-Q2 |
| BlackRock, Inc. added | 3,878,562 | $461M | 8.3% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 2,005,206 | $238M | 4.3% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 1,966,436 | $234M | 4.2% | 2026-Q2 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC trimmed | 1,525,495 | $181M | 3.3% | 2026-Q2 |
| Conestoga Capital Advisors, LLC trimmed | 1,358,962 | $161M | 2.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,280,636 | $152M | 2.7% | 2026-Q2 |
| GENEVA CAPITAL MANAGEMENT LLC trimmed | 1,243,976 | $148M | 2.7% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 1,221,338 | $145M | 2.6% | 2026-Q2 |
| STATE STREET CORP added | 1,174,019 | $139M | 2.5% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 1,154,207 | $137M | 2.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 1,062,342 | $126M | 2.3% | 2026-Q2 |
| WASATCH ADVISORS LP added | 1,008,474 | $120M | 2.2% | 2026-Q2 |
| Capital World Investors added | 988,838 | $117M | 2.1% | 2026-Q2 |
| Clearbridge Investments, LLC added | 912,417 | $108M | 2.0% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC trimmed | 876,775 | $96M | 1.7% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 717,522 | $85M | 1.5% | 2026-Q2 |
| Invesco Ltd. trimmed | 681,616 | $81M | 1.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 671,232 | $80M | 1.4% | 2026-Q2 |
| Bank of New York Mellon Corp added | 658,818 | $78M | 1.4% | 2026-Q2 |
| Driehaus Capital Management LLC trimmed | 641,417 | $76M | 1.4% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 613,346 | $73M | 1.3% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 583,671 | $69M | 1.3% | 2026-Q2 |
| NORGES BANK new | 557,389 | $66M | 1.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 513,559 | $61M | 1.1% | 2026-Q2 |
| LOOMIS SAYLES & CO L P trimmed | 505,741 | $60M | 1.1% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 465,358 | $55M | 1.0% | 2026-Q2 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC added | 448,480 | $53M | 1.0% | 2026-Q2 |
| NORTHERN TRUST CORP added | 446,649 | $53M | 1.0% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 433,804 | $52M | 0.9% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 426,490 | $51M | 0.9% | 2026-Q2 |
| MORGAN STANLEY added | 421,253 | $50M | 0.9% | 2026-Q2 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. added | 405,995 | $48M | 0.9% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 404,966 | $48M | 0.9% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 352,270 | $42M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 340,235 | $40M | 0.7% | 2026-Q2 |
| Engle Capital Management, L.P. added | 298,118 | $35M | 0.6% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 288,830 | $35M | 0.6% | 2026-Q2 |
| ROYCE & ASSOCIATES LP added | 279,872 | $33M | 0.6% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 268,505 | $32M | 0.6% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 262,638 | $32M | 0.6% | 2026-Q2 |
| TimesSquare Capital Management, LLC added | 230,484 | $27M | 0.5% | 2026-Q2 |
| MARSHALL WACE, LLP added | 218,685 | $26M | 0.5% | 2026-Q2 |
| UBS Group AG added | 207,724 | $25M | 0.4% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 202,039 | $24M | 0.4% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC trimmed | 198,214 | $24M | 0.4% | 2026-Q2 |
| Artemis Investment Management LLP trimmed | 190,859 | $23M | 0.4% | 2026-Q2 |
| Tyro Capital Management LLC added | 184,948 | $22M | 0.4% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 183,144 | $22M | 0.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 182,504 | $22M | 0.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 177,164 | $21M | 0.4% | 2026-Q2 |
| Sunriver Management LLC new | 175,223 | $21M | 0.4% | 2026-Q2 |
| JENNISON ASSOCIATES LLC trimmed | 169,241 | $20M | 0.4% | 2026-Q2 |
| FEDERATED HERMES, INC. added | 166,204 | $20M | 0.4% | 2026-Q2 |
| CITIGROUP INC added | 165,334 | $20M | 0.4% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 151,556 | $18M | 0.3% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 148,395 | $18M | 0.3% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP new | 144,026 | $17M | 0.3% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC trimmed | 143,465 | $17M | 0.3% | 2026-Q2 |
| Catawba River Capital trimmed | 138,240 | $16M | 0.3% | 2026-Q2 |
| SEGALL BRYANT & HAMILL, LLC trimmed | 136,603 | $16M | 0.3% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 121,517 | $14M | 0.3% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 111,824 | $13M | 0.2% | 2026-Q2 |
| Nuveen, LLC added | 110,745 | $13M | 0.2% | 2026-Q2 |
| PEREGRINE CAPITAL MANAGEMENT LLC added | 109,612 | $13M | 0.2% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 109,176 | $13M | 0.2% | 2026-Q2 |
| Advisors Asset Management, Inc. added | 103,863 | $12M | 0.2% | 2026-Q2 |
| CI INVESTMENTS INC. trimmed | 97,533 | $12M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 96,200 | $11M | 0.2% | 2026-Q2 |
| Universal- Beteiligungs- und Servicegesellschaft mbH trimmed | 92,508 | $11M | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 89,873 | $11M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 86,865 | $10M | 0.2% | 2026-Q2 |
| Asset Management One Co., Ltd. added | 86,392 | $10M | 0.2% | 2026-Q2 |
| Ensign Peak Advisors, Inc trimmed | 84,778 | $10M | 0.2% | 2026-Q2 |
| Nicholas Investment Partners, LP trimmed | 79,292 | $9M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 76,717 | $9M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 75,557 | $9M | 0.2% | 2026-Q2 |
| Summit Creek Advisors LLC trimmed | 70,130 | $8M | 0.2% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC trimmed | 68,199 | $8M | 0.1% | 2026-Q2 |
| Pathstone Holdings, LLC trimmed | 67,099 | $8M | 0.1% | 2026-Q2 |
| Man Group plc trimmed | 63,468 | $8M | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 60,587 | $7M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 55,381 | $7M | 0.1% | 2026-Q2 |
| 12th Street Asset Management Company, LLC added | 55,366 | $7M | 0.1% | 2026-Q2 |
| EFG International AG added | 52,449 | $6M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 51,773 | $6M | 0.1% | 2026-Q2 |
| RICE HALL JAMES & ASSOCIATES, LLC trimmed | 50,958 | $6M | 0.1% | 2026-Q2 |
| Divisadero Street Capital Management, LP new | 50,728 | $6M | 0.1% | 2026-Q2 |
| OAK RIDGE INVESTMENTS LLC added | 50,242 | $6M | 0.1% | 2026-Q2 |
| ALGERT GLOBAL LLC added | 48,430 | $6M | 0.1% | 2026-Q2 |
| DARK FOREST CAPITAL MANAGEMENT LP added | 47,202 | $6M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 47,168 | $6M | 0.1% | 2026-Q2 |
| KORNITZER CAPITAL MANAGEMENT INC /KS new | 46,026 | $5M | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 42,685 | $5M | 0.1% | 2026-Q2 |
| Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna trimmed | 35,925 | $4M | 0.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 34,707 | $4M | 0.1% | 2026-Q2 |
| Lisanti Capital Growth, LLC trimmed | 33,648 | $4M | 0.1% | 2026-Q2 |
| Corient Private Wealth LP added | 33,590 | $4M | 0.1% | 2026-Q2 |
| Jupiter Topco LLC new | 33,017 | $4M | 0.1% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. | 32,627 | $4M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.