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	2,789,384	$40,158,357	0.01%
2.	Cibc Asset Management Inc	1,442,155	$20,812,204	0.05%
3.	National Bank Of Canada	1,339,706	$18,794,846	0.02%
4.	Aegis Financial Corp	1,038,177	$14,967,433	3.57%
5.	American Century Companies Inc	531,181	$7,647,180	0%