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	2,244,637	$35,940,503	0.02%
2.	Polar Asset Management Partners Inc.	1,667,336	$26,668,075	0.42%
3.	National Bank Of Canada	1,395,402	$22,268,878	0.02%
4.	Mackenzie Financial Corp	801,710	$12,836,550	0.02%
5.	Cibc Asset Management Inc	785,803	$12,569,738	0.04%