North American Construction Group Ltd. - Common stock, par value $0.0001 per share (NOA)

Q: What does CUSIP 656811106 represent in this 13F holders report?

CUSIP 656811106 is the security identifier for NOA - North American Construction Group Ltd. - Common stock, par value $0.0001 per share used to aggregate holder disclosures.

Q: How many institutions held NOA - North American Construction Group Ltd. - Common stock, par value $0.0001 per share in Q4 2025?

79 institutional investors reported NOA - North American Construction Group Ltd. - Common stock, par value $0.0001 per share for Q4 2025. Use the holders table for investor-level position and value details.

CUSIP: 656811106

Q4 2025 13F Holders as of 31 Dec 2025

Security type / class: Equity / Common stock, par value $0.0001 per share
Total 13F shares: 16,730,311
Total 13F value: $241,460,391
Share change: +1,644,226
SEC-reported price per share: $14.37
Number of holders: 79
Value change: +$25,109,563
Number of buys: 51
Number of sells: 29
Shares outstanding: 27,987,727

Security key

656811106

Report period

Q4 2025

Institutions

Top holders

NOA full security history Ownership snapshot Full 13F holder table Newer quarter: Q2 2026 Previous quarter: Q3 2025 North American Construction Group Ltd. SEC filings North American Construction Group Ltd. company facts

Broader feeds

Latest 13F filings Latest 13D/G filings Investors directory

Reporting periods

Holder history for CUSIP 656811106

Newer quarter: Q2 2026 Previous quarter: Q3 2025

Recent filing periods:

Q2 2026 Q3 2025

Ownership snapshot

Top reported holders of NOA - North American Construction Group Ltd. - Common stock, par value $0.0001 per share (13F + 13D/G + 3/4/5)

Grouped by holder across the latest SEC ownership disclosures. Start with comparable ownership when available, then verify the linked 13F, 13D/G, or 3/4/5 evidence.

Comparable stake leader

BANK OF MONTREAL /CAN/

Disclosed value leader

BANK OF MONTREAL /CAN/

Comparable rows

15/15

Latest evidence

31 Dec 2025

13D/G 13F Lead comparable stake: 9.8% 13D/G row: BANK OF MONTREAL /CAN/ Showing 1-6 of 15 holder rows.

Quick read

BANK OF MONTREAL /CAN/ leads the comparable SEC ownership view at 9.8%.

15 of 15 rows have a safely comparable ownership percentage. Use this as a filing-backed starting point, then open the detailed table for source links, reporting role, position value, share count, and filing date.

Open SEC evidence Opens BANK OF MONTREAL /CAN/'s linked filing trail.

Comparable ownership Top 5

BANK OF MONTREAL /CAN/ 9.8%

Claret Asset Management Corp 7.5%

CANNELL CAPITAL LLC 5.1%

Polar Asset Management Partners Inc. 4.6%

NATIONAL BANK OF CANADA /FI/ 4.7%

Ownership % is shown only when SEC disclosures are safely comparable across share classes.

Detailed SEC evidence table Showing 1-6 of 15 holder rows

Holder	Evidence	Ownership %	Position	12M Net Δ	As of
BANK OF MONTREAL /CAN/	13D/G 13F Bank of Montreal · Company 13D/G 13F	9.8%	$39,333,547 2,873,159 shares	-$5,751,046	31 Dec 2025
Claret Asset Management Corp	13D/G 13F Claret Asset Management Corporation · Company 13D/G 13F	7.5%	$32,019,376 2,081,884 shares	$0	31 Dec 2024
CANNELL CAPITAL LLC	13D/G 13F Company 13D/G 13F	5.1%	$24,726,190 1,547,321 shares	-$2,446,906	30 Jun 2025
Polar Asset Management Partners Inc.	13D/G 13F Company 13D/G 13F	4.6%	$19,892,247 1,384,290 shares	-$3,365,253	31 Dec 2025
NATIONAL BANK OF CANADA /FI/	13F Company 13F	4.7%	$18,699,865 1,324,603 shares	—	30 Sep 2025
CIBC Asset Management Inc	13F Company 13F	4.2%	$16,763,043 1,179,482 shares	—	30 Sep 2025

How to read this table

Rows are grouped by holder and ranked first by SEC-reported ownership % when it is safely comparable, then by disclosed holdings value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.

13F holder rows

Institutional holders as of Q4 2025

Investor-level positions for this CUSIP, loaded as an interactive table.

Institutions

16,730,311

Rows available

Investor	Option	Weight %	Change %	SEC-reported value	* Price	Shares	Share Change	Activity	Report Period

^* SEC-reported price is the security price as of the portfolio date and can indicate the last known price at which the security was still held. The marker flags a reported price that did not pass the local price check.

Compare Q4 2025 vs Q3 2025 Across Filers

Q3 2025 holders

Q4 2025 holders

Holder diff

Investor	Q3 2025 Shares	Q4 2025 Shares	Share Diff	Share Chg %	Q3 2025 value	Q4 2025 value	Value change	Value Chg %

Trend: ostatnie 8 kwartałów (+ wybrane okresy porównania).

Quarterly Holders Trend

Quarterly Value Trend

Quarterly Shares Trend