Granite Construction

GVA • NYSE

Granite Construction is a engineering & construction company in the industrials sector on NYSE, led by Kyle T. Larkin, with a market cap of $5.0B. As of Q3 2025, 117% of shares are held by 380 institutional investors, with BlackRock, Inc. as the largest holder at 14.9%.

President and principal executive officerKyle T. Larkin

Market Cap$5.0B

Engineering & Construction

Industrials

Employees4.1K

Websitegraniteconstruction.com

Country

United States of America

Overview

Overview of institutional ownership in GVA as of Q3 2025 with a market cap of $4.8B

All Institutions

Institutions: 380
Value Held: $5.6B
Shares Held: 51.1M
Avg Position: $14.7M
Median Position: $889.5K

Hedge Funds

Hedge Funds: 56
Value Held: $735.3M
Shares Held: 6.7M
Avg Position: $13.1M
Median Position: $3.5M

Ownership Breakdown

Institutional (non-HF)

101.33%

$4.9B

Hedge Funds

15.32%

$735.3M

Retail & Other

Based on market cap of $4.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in GVA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$715.5M 0.01% of portfolio	14.90% 6.5M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$515.1M 0.01% of portfolio	10.73% 4.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$246.7M 0.01% of portfolio	5.13% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
FMR LLC Institution	-	$199.0M 0.01% of portfolio	4.15% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$189.5M 0.64% of portfolio	3.95% 1.7M shares	Q3 2018 Held for 7y 2m	$29.4B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$175.7M 0.14% of portfolio	3.66% 1.6M shares	Q2 2015 Held for 10y 5m	$121.98B
A AMERICAN CENTURY COMPANIES INC Institution	-	$161.8M 0.08% of portfolio	3.37% 1.5M shares	Q2 2021 Held for 4y 5m	$195.93B
FRONTIER CAPITAL MANAGEMENT CO LLC Long Only Manager	William Allen Teichner Managing Partner	$142.2M 1.28% of portfolio	2.96% 1.3M shares	Q1 2016 Held for 9y 8m	$11.1B
H Hill City Capital, LP Hedge Fund•Value	Herbert Anselem Frazier CIO	$121.7M 4.98% of portfolio	2.54% 1.1M shares	Q1 2024 Held for 1y 8m	$2.4B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$121.1M 0.03% of portfolio	2.52% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B

Net Capital Flow

Institutional buying and selling activity for GVA in Q3 2025

Traded: +$99.4M
Buyers: 191
Sellers: 167
Total Bought: +$467.0M
Total Sold: −$367.6M
Avg Position: $13.7M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$88.1M +803.6K shares	$199.0M 1.8M shares
GOLDMAN SACHS GROUP INC Institution	+$33.1M +301.7K shares	$65.1M 593.6K shares
Q Qube Research & Technologies Ltd Institution	+$28.5M +259.5K shares	$61.0M 556.1K shares
N Nuveen, LLC Institution	+$25.2M +229.8K shares	$66.4M 605.8K shares
Hood River Capital Management LLC Long Only Manager	+$19.6M +178.5K shares	$90.5M 825.6K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	+$17.7M +161.6K shares	$24.0M 218.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$15.6M +142.0K shares	$17.2M 156.9K shares
H HSBC HOLDINGS PLC Institution	+$15.4M +141.1K shares	$16.2M 148.3K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$14.4M +131.4K shares	$175.7M 1.6M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$12.2M +111.7K shares	$161.8M 1.5M shares

Biggest Sellers

Institution	Net Sold	Current Position
FIRST TRUST ADVISORS LP ETF Provider	−$26.6M −242.9K shares	$107.3M 978.2K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$24.9M −227.0K shares	$121.1M 1.1M shares
UBS Group AG Institution	−$24.7M −225.3K shares	$19.6M 178.5K shares
HG Vora Capital Management, LLC Hedge Fund•Event Driven	−$23.4M −250.0K shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$20.4M −186.5K shares	$91.3M 833.0K shares
HENNESSY ADVISORS INC Institution	−$19.7M −180.1K shares	$42.9M 390.9K shares
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	−$15.5M −166.3K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$14.0M −127.4K shares	$715.5M 6.5M shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	−$13.5M −123.5K shares	$32.1M 292.6K shares
C Cubist Systematic Strategies, LLC Institution	−$11.0M −100.8K shares	$19.1M 174.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited GVA in Q3 2025

New Positions: 26
New Value: $18.4M
Exited Positions: 27
Exited Value: $50.0M

New Positions

Institution	Position Value
12th Street Asset Management Company, LLC Hedge Fund•Value	$6.8M 62.0K shares
Lighthouse Investment Partners, LLC Fund of Funds	$5.3M 48.1K shares
MARTINGALE ASSET MANAGEMENT L P Long Only Manager	$2.0M 18.3K shares
Horizon Investments, LLC/SC Long Only Manager	$677.0K 6.2K shares
N Neo Ivy Capital Management Hedge Fund•Quant	$622.4K 5.7K shares
Simplicity Wealth,LLC RIA/Wealth	$445.8K 4.1K shares
Optimize Financial Inc RIA/Wealth	$321.2K 2.9K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$312.9K 2.9K shares
LEUTHOLD WEEDEN CAPITAL MANAGEMENT Long Only Manager	$293.1K 2.7K shares
Q Qsemble Capital Management, LP Hedge Fund•Quant	$244.2K 2.2K shares

Exited Positions

Institution	Previous Position
HG Vora Capital Management, LLC Hedge Fund•Event Driven	$23.4M 250.0K shares
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	$15.5M 166.3K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$4.0M 42.4K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$1.7M 17.7K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$1.2M 12.4K shares
SIERRA SUMMIT ADVISORS LLC RIA/Wealth	$729.5K 7.8K shares
Eschler Asset Management LLP Hedge Fund•Long/Short	$575.9K 6.2K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$493.0K 5.3K shares
T Teza Capital Management LLC Hedge Fund•Quant	$407.8K 4.4K shares
SCS Capital Management LLC RIA/Wealth	$328.7K 3.5K shares

Options Activity

Institutions with the largest Call and Put options positions in GVA as of Q3 2025

Call Positions: 7
Call Value: $46.9M
Put Positions: 5
Put Value: $35.5M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$36.8M 3.4K contracts
BARCLAYS PLC Institution	$5.5M 500.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$1.9M 170.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.5M 136.0 contracts
S SIG BROKERAGE, LP Institution	$877.2K 80.0 contracts
J JANE STREET GROUP, LLC Institution	$372.8K 34.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
WELLS FARGO & COMPANY/MN Institution	$27.4M 2.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.7M 430.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$1.9M 170.0 contracts
S SIG BROKERAGE, LP Institution	$877.2K 80.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$592.1K 54.0 contracts

Most Committed Institutions

Institutions with GVA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
ACK Asset Management LLC Hedge Fund•Long/Short	John Henry Reilly Managing Partner	7.12% $59.8M	1.24% 545.0K shares	Q2 2024 Held for 1y 5m	$839.5M
H Hill City Capital, LP Hedge Fund•Value	Herbert Anselem Frazier CIO	4.98% $121.7M	2.54% 1.1M shares	Q1 2024 Held for 1y 8m	$2.4B
Cartenna Capital, LP Hedge Fund•Long/Short	Sean Mcduffy President	3.49% $66.9M	1.39% 610.0K shares	Q2 2025 Held for 5 months	$1.9B
I Incline Global Management LLC Hedge Fund•Long/Short	Jeffrey Louis Lignelli CEO	3.32% $11.2M	0.23% 102.0K shares	Q1 2025 Held for 8 months	$337.3M
BERNZOTT CAPITAL ADVISORS RIA/Wealth	Mark Alexander Scott CEO	3.11% $6.6M	0.14% 60.2K shares	Q2 2021 Held for 4y 5m	$211.9M
R RPG Investment Advisory, LLC Institution	-	2.18% $18.5M	0.38% 168.4K shares	Q1 2017 Held for 8y 8m	$846.5M
ROBBINS FARLEY LLC RIA/Wealth	Colleen Eleanor Farley CCO	2.09% $5.0M	0.10% 45.8K shares	Q3 2024 Held for 1y 2m	$240.5M
F First Washington CORP RIA/Wealth	David Dixon Lewis Chairman	1.99% $7.4M	0.15% 67.6K shares	Q1 2016 Held for 9y 8m	$373.0M
Rock Point Advisors, LLC RIA/Wealth	Todd Alan Wulfson President	1.72% $6.5M	0.14% 59.3K shares	Q2 2019 Held for 6y 5m	$377.4M
HENNESSY ADVISORS INC Institution	Neil Joseph Hennessy CEO	1.48% $42.9M	0.89% 390.9K shares	Q4 2024 Held for 11 months	$2.9B

Hedge Fund Spotlight

Discover hedge funds investing in GVA

Engineers Gate Manager LP

Hedge Fund • Quant

Portfolio ManagerRobert Gregory Eisner

Portfolio Value: $8.8B
Positions: 2,112
Last Reported: Q3 2025

Sector Allocation

Position in Granite Construction

Market Value: $4.0M
Shares Held: 36.1K
Portfolio Weight: 0.05%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Invesco QQQ Trust QQQ	ETF ETF	$155.2M	1.77%
2 SPDR S&P 500 ETF Trust SPY	ETF ETF	$115.3M	1.32%
3 Sabra Healthcare SBRA	REIT - Healthcare Facilities Real Estate	$112.9M	1.29%