CARDINAL INFRASTRUCTURE GROU CDNL
CL A · Common Stock · CUSIP 14154A102
- SectorIndustrials
- IndustryHeavy Construction Other Than Bldg Const - Contractors
- HeadquartersRaleigh, NC
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($633.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $91.76.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2025 | 54 |
| Q1 2026 | 93 |
| Q2 2026 | 158 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2026 | 77 | 23 |
| Q2 2026 | 132 | 34 |
Biggest buyers
| FMR LLC | Added | +971.4k |
| AMERIPRISE FINANCIAL INC | New | +771.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +743.9k |
| AMERICAN CENTURY COMPANIES INC | New | +710.9k |
| VICTORY CAPITAL MANAGEMENT INC | New | +666.6k |
| Driehaus Capital Management LLC | Added | +548.4k |
| FRANKLIN RESOURCES INC | New | +524.1k |
| BlackRock, Inc. | Added | +510.3k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | New | +455.4k |
| EMERALD ADVISERS, LLC | Added | +269.4k |
Biggest sellers
| ACK Asset Management LLC | Sold out | -874.0k |
| Ophir Asset Management Pty Ltd | Reduced | -523.7k |
| Conversant Capital LLC | Sold out | -471.6k |
| WASATCH ADVISORS LP | Reduced | -343.6k |
| Nuveen, LLC | Reduced | -307.5k |
| Schonfeld Strategic Advisors LLC | Reduced | -289.7k |
| Bastion Asset Management Inc. | Sold out | -109.1k |
| CONGRESS ASSET MANAGEMENT CO | Sold out | -87.4k |
| Aventail Capital Group, LP | Reduced | -78.7k |
| Point72 Asset Management, L.P. | Reduced | -72.8k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Spivey Jeremy Simmons 13G · exempt (held before listing) new · filed 2026-02-17 | 45.0% |
| Rowe Michael Bruce Jr. 13G · exempt (held before listing) new · filed 2026-02-17 | 29.0% |
| West Erik Daniel 13G · exempt (held before listing) new · filed 2026-02-17 | 29.0% |
| FMR LLC 13G · institution +2.4 pts · filed 2026-08-06 | 14.9% |
| BlackRock, Inc. 13G · institution new · filed 2026-07-27 | 6.3% |
| DRIEHAUS CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-08-14 | 6.1% |
| Conversant Capital LLC 13G · passive investor new · filed 2026-10-19 | 5.5% |
| BERNER ROSS 13G · exempt (held before listing) new · filed 2026-02-17 | 5.4% |
| MCKINNEY MARK 13G · exempt (held before listing) new · filed 2026-02-17 | 5.1% |
Fell to 5% or below in the last year: Ophir Asset Management Pty Ltd (—, 2026-10-28), ALLIANCEBERNSTEIN L.P. (4.9%, 2026-08-14), Schonfeld Strategic Advisors LLC (2.9%, 2026-05-15), WASATCH ADVISORS LP (4.5%, 2026-04-23)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 4 | $861.0k | 0 | — | — |
| Q1 2026 | 1 | $251.4k | 0 | — | — |
| Q2 2026 | 1 | $1.0m | 0 | — | — |
| Q3 2026 | 7 | $8.5m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-17 | Wimmer Richard Bennett Director | Bought | $293.5k7.5k shares |
| 2026-08-14 | Spivey Jeremy Simmons Chief Executive Officer, director | Bought | $3.2m83.3k shares |
| 2026-08-14 | Wood Anthony Leon Jr. Director | Bought | $2.0m51.4k shares |
| 2026-08-14 | Lee Richard Melvin Jr. Director | Bought | $1.3m34.0k shares |
| 2026-08-14 | Wood Benjamin Chief Operating Officer | Bought | $1.0m25.7k shares |
| 2026-08-14 | Zelman Ivy Director | Bought | $500.9k12.6k shares |
| 2026-08-14 | Rowe Michael Bruce Jr. Chief Financial Officer | Bought | $255.7k7.0k shares |
| 2026-05-27 | Wood Benjamin CHIEF OPERATING OFFICER | Bought | $1.0m20.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.01% of their portfolio | 3.0m $278.6m | Added +971.4k |
| Driehaus Capital Management LLC 0.66% of their portfolio | 1.2m $113.9m | Added +548.4k |
| BlackRock, Inc. 0.00% of their portfolio | 1.2m $113.8m | Added +510.3k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 982.8k $39.0m | Added +50.4k |
| LORD, ABBETT & CO. LLC 0.23% of their portfolio | 859.4k $81.0m | Added +107.9k |
| EMERALD ADVISERS, LLC 1.88% of their portfolio | 848.0k $79.9m | Added +269.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 771.0k $72.6m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 752.9k $70.9m | Added +743.9k |
| FRED ALGER MANAGEMENT, LLC 0.23% of their portfolio | 727.0k $68.5m | Added +40.4k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 710.9k $67.0m | New |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 704.2k $66.3m | Added +188.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 666.6k $62.8m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 646.9k $60.9m | Added +218.6k |
| EMERALD MUTUAL FUND ADVISERS TRUST 1.82% of their portfolio | 549.3k $51.7m | Added +190.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 524.1k $49.4m | New |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.13% of their portfolio | 455.4k $42.9m | New |
| Engle Capital Management, L.P. 11.58% of their portfolio | 447.7k $42.2m | Added +129.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 421.7k $39.7m | Added +114.8k |
| FEDERATED HERMES, INC. 0.05% of their portfolio | 392.3k $37.0m | Added +33.4k |
| WASATCH ADVISORS LP 0.22% of their portfolio | 349.4k $32.9m | Reduced -343.6k |
| STATE STREET CORP 0.00% of their portfolio | 326.2k $30.7m | Added +58.3k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 302.6k $28.5m | Added +192.8k |
| Ophir Asset Management Pty Ltd 2.16% of their portfolio | 279.1k $26.3m | Reduced -523.7k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 247.0k $23.3m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 213.4k $20.1m | Added +38.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 182.2k $17.2m | Added +45.3k |
| OSTERWEIS CAPITAL MANAGEMENT INC 0.80% of their portfolio | 179.5k $16.9m | Added +9.6k |
| Select Equity Group, L.P. 0.09% of their portfolio | 174.7k $16.5m | New |
| Ghisallo Capital Management LLC 0.31% of their portfolio | 167.3k $15.8m | Added +67.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 155.9k $14.7m | New |
| Schonfeld Strategic Advisors LLC 0.07% of their portfolio | 150.0k $14.1m | Reduced -289.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 141.9k $13.4m | Added +46.5k |
| SEGALL BRYANT & HAMILL, LLC 0.14% of their portfolio | 128.4k $12.1m | New |
| Ranger Investment Management, L.P. 0.74% of their portfolio | 124.9k $11.8m | New |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 122.7k $11.6m | Added +36.8k |
| RENAISSANCE GROUP LLC 0.46% of their portfolio | 121.2k $11.4m | New |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 118.7k $11.2m | Added +43.7k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.02% of their portfolio | 115.1k $10.8m | New |
| Freestone Grove Partners LP 0.07% of their portfolio | 113.1k $10.7m | New |
| MORGAN STANLEY 0.00% of their portfolio | 112.8k $10.6m | Added +92.3k |
| CASTLEARK MANAGEMENT LLC 0.26% of their portfolio | 103.0k $9.7m | New |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.07% of their portfolio | 100.0k $9.4m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 99.6k $9.4m | Added +58.3k |
| BLAIR WILLIAM & CO/IL 0.02% of their portfolio | 98.2k $9.2m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 96.5k $9.1m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 96.1k $9.1m | Reduced -29.7k |
| Alyeska Investment Group, L.P. 0.02% of their portfolio | 86.6k $8.2m | Added +36.6k |
| UBS Group AG 0.00% of their portfolio | 77.2k $7.3m | Added +49.4k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 69.0k $6.5m | Reduced -72.8k |
| Nicholas Investment Partners, LP 0.34% of their portfolio | 64.6k $6.1m | New |
| G2 Investment Partners Management LLC 1.10% of their portfolio | 64.2k $6.0m | Reduced -33.8k |
| Emerald Investment Advisers, LLC 0.40% of their portfolio | 63.4k $6.0m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 62.0k $5.8m | Added +40.4k |
| BRANT POINT INVESTMENT MANAGEMENT LLC 1.20% of their portfolio | 57.0k $5.4m | Added +32.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 55.2k $5.2m | New |
| Taylor Frigon Capital Management LLC 2.33% of their portfolio | 52.8k $5.0m | Reduced -34.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 52.0k $4.9m | Added +15.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 50.1k $4.7m | New |
| Granahan Investment Management, LLC 0.16% of their portfolio | 47.9k $4.5m | Reduced -34.5k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 41.9k $3.9m | Added +11.8k |
| Zimmer Partners, LP 0.09% of their portfolio | 40.0k $3.8m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 39.1k $3.7m | Added +12.8k |
| Nuveen, LLC 0.00% of their portfolio | 35.3k $3.3m | Reduced -307.5k |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 34.7k $3.3m | Added +4.2k |
| Lisanti Capital Growth, LLC 0.70% of their portfolio | 33.7k $3.2m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 32.6k $3.1m | Added +16.8k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 32.2k $3.0m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 31.2k $2.9m | New |
| POLEN CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 30.8k $2.9m | New |
| Legato Capital Management LLC 0.22% of their portfolio | 27.8k $2.6m | New |
| LPL Financial LLC 0.00% of their portfolio | 27.1k $2.6m | New |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.05% of their portfolio | 24.7k $2.3m | Reduced -9.3k |
| Round Rock Advisors LLC 0.27% of their portfolio | 22.4k $2.1m | Added +3.5k |
| F/m Investments LLC 0.10% of their portfolio | 20.2k $1.9m | Added +3.6k |
| Knights of Columbus Asset Advisors LLC 0.09% of their portfolio | 18.0k $1.7m | New |
| Trexquant Investment LP 0.01% of their portfolio | 17.0k $1.6m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 16.9k $1.6m | Added +11.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 16.9k $1.6m | Added +6.3k |
| READYSTATE ASSET MANAGEMENT LP 0.06% of their portfolio | 16.7k $1.6m | Reduced -57.7k |
| Pathstone Holdings, LLC 0.00% of their portfolio | 16.5k $1.6m | New |
| US BANCORP \DE\ 0.00% of their portfolio | 16.4k $1.5m | Added +3.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 16.3k $1.5m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 15.7k $1.5m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 14.8k $1.4m | Added +10.8k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio | 14.0k $1.3m | Reduced -7.2k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 12.9k $1.2m | New |
| Cetera Investment Advisers 0.00% of their portfolio | 11.3k $1.1m | New |
| Strategic Blueprint, LLC 0.05% of their portfolio | 11.1k $1.0m | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 10.1k $950.8k | Added +2.9k |
| Zuckerman Investment Group, LLC 0.08% of their portfolio | 10.0k $942.0k | Unchanged |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio | 9.4k $886.1k | Reduced -1.1k |
| HARBOR CAPITAL ADVISORS, INC. 0.06% of their portfolio | 9.2k $862.0k | Reduced -3.0k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 8.0k $756.6k | Added +7.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 7.9k $743.3k | Added +1.9k |
| Aventail Capital Group, LP 0.04% of their portfolio | 7.8k $730.4k | Reduced -78.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 7.5k $711.0k | New |
| Kings Path Partners LLC 0.19% of their portfolio | 7.4k $698.5k | New |
| Invesco Ltd. 0.00% of their portfolio | 7.4k $696.2k | Reduced -18 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 7.2k $683.2k | Added +2.0k |
| Exit Wealth Advisors, LLC. 0.30% of their portfolio | 7.0k $660.3k | New |