North American Construction Group Ltd. (NOA)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Bank Of Montreal N	2,145,991	$33,842,228	0.02%
2.	Polar Asset Management Partners Inc.	1,740,985	$27,577,202	0.64%
3.	National Bank Of Canada	1,368,520	$21,560,376	0.02%
4.	Cibc Asset Management Inc	1,264,164	$19,941,034	0.07%
5.	Mackenzie Financial Corp	899,609	$14,183,954	0.02%