GRANITE CONSTR INC GVA
COM · Common Stock · CUSIP 387328107
American Construction Firm
- SectorIndustrials
- IndustryHeavy Construction Other Than Bldg Const - Contractors
- HeadquartersWatsonville, CA
- Founded1922
- Websitegraniteconstruction.com
- 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 ($5.3m this quarter). Holder counts are more reliable. Shares outstanding: 43.8m as of 2025-08-01, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $93.52. Options: 9 managers hold calls ($39.7m notional), 4 hold puts ($24.5m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 188 |
| Q4 2022 | 202 |
| Q1 2023 | 217 |
| Q2 2023 | 200 |
| Q3 2023 | 205 |
| Q4 2023 | 238 |
| Q1 2024 | 263 |
| Q2 2024 | 272 |
| Q3 2024 | 307 |
| Q4 2024 | 349 |
| Q1 2025 | 344 |
| Q2 2025 | 375 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 81 | 100 |
| Q4 2023 | 109 | 96 |
| Q1 2024 | 119 | 119 |
| Q2 2024 | 118 | 135 |
| Q3 2024 | 146 | 134 |
| Q4 2024 | 178 | 131 |
| Q1 2025 | 189 | 151 |
| Q2 2025 | 180 | 169 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $44.7m | $7.4m | 0.17 |
| Q4 2024 | $42.8m | $3.7m | 0.09 |
| Q1 2025 | $29.5m | $1.2m | 0.04 |
| Q2 2025 | $39.7m | $24.5m | 0.62 |
Biggest buyers
| Cartenna Capital, LP | New | +500.0k |
| ACK Asset Management LLC | Added | +354.3k |
| JPMORGAN CHASE & CO | Added | +258.3k |
| HG Vora Capital Management, LLC | New | +250.0k |
| Schonfeld Strategic Advisors LLC | Added | +246.2k |
| UBS Group AG | Added | +218.3k |
| Squarepoint Ops LLC | Added | +215.8k |
| Mizuho Markets Cayman LP | New | +200.0k |
| AMERICAN CENTURY COMPANIES INC | Added | +188.5k |
| MILLENNIUM MANAGEMENT LLC | Added | +188.0k |
Biggest sellers
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -380.9k |
| MIZUHO MARKETS AMERICAS LLC | Reduced | -331.0k |
| Pacer Advisors, Inc. | Sold out | -319.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -302.6k |
| MORGAN STANLEY | Reduced | -288.3k |
| Conversant Capital LLC | Sold out | -285.0k |
| RPG Investment Advisory, LLC | Reduced | -235.7k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -234.7k |
| BlackRock, Inc. | Reduced | -212.8k |
| Cubist Systematic Strategies, LLC | Reduced | -179.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $25.5m272.8k shares |
| HAP Trading, LLC | Unchanged | $6.3m200.0k shares |
| BARCLAYS PLC | Unchanged | $4.7m50.0k shares |
| GROUP ONE TRADING LLC | Reduced | $1.4m14.7k shares |
| CITADEL ADVISORS LLC | Reduced | $991.2k10.6k shares |
| SIMPLEX TRADING, LLC | Added | $345.0k3.7k shares |
| JANE STREET GROUP, LLC | New | $243.1k2.6k shares |
| WOLVERINE TRADING, LLC | New | $241.5k2.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| WELLS FARGO & COMPANY/MN | New | $23.4m250.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $570.4k6.1k shares |
| CITADEL ADVISORS LLC | Added | $561.1k6.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-30 | 15.3% |
| FMR LLC 13G · institution +3.1 pts · filed 2026-08-06 | 13.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $63.1k | — |
| Q2 2024 | 0 | — | 1 | $45.9k | — |
| Q3 2024 | 0 | — | 2 | $546.8k | — |
| Q4 2024 | 0 | — | 3 | $3.4m | $2.7m |
| Q1 2025 | 0 | — | 3 | $533.2k | $383.0k |
| Q2 2025 | 1 | $103.3k | 4 | $3.0m | $2.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-28 | Dowd Brian R Senior Vice President | Sold plan | $185.8k2.0k shares |
| 2025-05-13 | Williams Bradley Jay Senior Vice President | Sold | $238.9k2.8k shares |
| 2025-05-13 | Radich James A Executive Vice President & COO | Sold plan | $212.5k2.5k shares |
| 2025-05-12 | Krusi Alan Director | Bought | $103.3k1.2k shares |
| 2025-04-29 | Larkin Kyle T President & CEO, director | Sold plan | $1.9m23.0k shares |
| 2025-04-28 | Larkin Kyle T President & CEO, director | Sold plan | $290.7k3.6k shares |
| 2025-04-25 | Larkin Kyle T President & CEO, director | Sold plan | $32.1k401 shares |
| 2025-04-24 | Larkin Kyle T President & CEO, director | Sold plan | $223.3k2.8k 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 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 6.7m $622.1m | Reduced -212.8k |
| VANGUARD GROUP INC 0.01% of their portfolio | 4.7m $443.9m | Added +1.7k |
| STATE STREET CORP 0.01% of their portfolio | 2.3m $213.2m | Reduced -18.8k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.61% of their portfolio | 1.8m $168.0m | Reduced -380.9k |
| MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio | 1.5m $137.6m | Added +188.0k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 1.19% of their portfolio | 1.4m $128.1m | Added +171.9k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 1.4m $127.5m | Added +188.5k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.3m $124.5m | Reduced -234.7k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 1.2m $114.2m | Added +46.6k |
| Hill City Capital, LP 5.59% of their portfolio | 1.1m $103.8m | Added +50.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.0m $97.1m | Added +8.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.0m $95.3m | Reduced -302.6k |
| FMR LLC 0.01% of their portfolio | 1.0m $94.6m | Added +173.0k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 903.9k $84.5m | Reduced -24.0k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 801.7k $75.0m | Added +2.7k |
| MORGAN STANLEY 0.00% of their portfolio | 798.9k $74.7m | Reduced -288.3k |
| WASATCH ADVISORS LP 0.38% of their portfolio | 766.9k $71.7m | Reduced -159.8k |
| Hood River Capital Management LLC 0.84% of their portfolio | 647.1k $60.5m | Added +173.2k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 615.2k $57.5m | Added +315 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 600.5k $56.1m | Reduced -30.6k |
| Boston Partners 0.06% of their portfolio | 589.2k $55.2m | Added +2.0k |
| HENNESSY ADVISORS INC 1.78% of their portfolio | 571.0k $53.4m | Reduced -63.0k |
| Invesco Ltd. 0.01% of their portfolio | 569.7k $53.3m | Reduced -83.1k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 1.41% of their portfolio | 566.0k $52.9m | Added +2.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 558.7k $52.2m | Reduced -16.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 545.8k $51.0m | Added +258.3k |
| ACK Asset Management LLC 6.69% of their portfolio | 545.0k $51.0m | Added +354.3k |
| Cartenna Capital, LP 2.87% of their portfolio | 500.0k $46.8m | New |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 469.6k $43.9m | Added +41.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 464.5k $43.4m | Reduced -13.5k |
| Schonfeld Strategic Advisors LLC 0.29% of their portfolio | 416.1k $38.9m | Added +246.2k |
| UBS Group AG 0.01% of their portfolio | 403.8k $37.8m | Added +218.3k |
| Nuveen, LLC 0.01% of their portfolio | 376.0k $35.2m | Added +84.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 373.6k $34.9m | Added +968 |
| Fisher Asset Management, LLC 0.01% of their portfolio | 371.5k $34.7m | Added +131 |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 338.0k $31.6m | Added +29.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.06% of their portfolio | 325.5k $30.4m | Reduced -6.0k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 318.8k $29.8m | Added +44.4k |
| Squarepoint Ops LLC 0.06% of their portfolio | 305.0k $28.5m | Added +215.8k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 300.0k $28.1m | Reduced -24.1k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 296.6k $27.7m | Added +65.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 291.9k $27.3m | Reduced -133.8k |
| NOMURA HOLDINGS INC 0.21% of their portfolio | 278.3k $26.0m | Reduced -44.6k |
| MIZUHO MARKETS AMERICAS LLC 0.85% of their portfolio | 276.2k $25.8m | Reduced -331.0k |
| Cubist Systematic Strategies, LLC 0.28% of their portfolio | 274.8k $25.7m | Reduced -179.7k |
| NORGES BANK 0.00% of their portfolio | 265.3k $24.8m | Reduced -35.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 258.9k $24.2m | Added +42.1k |
| Empower Advisory Group, LLC 0.07% of their portfolio | 252.8k $23.6m | Added +5.0k |
| HG Vora Capital Management, LLC 2.57% of their portfolio | 250.0k $23.4m | New |
| RPG Investment Advisory, LLC 2.76% of their portfolio | 236.9k $22.2m | Reduced -235.7k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 219.5k $20.5m | Reduced -112.8k |
| Mizuho Markets Cayman LP 1.34% of their portfolio | 200.0k $18.7m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 198.1k $18.5m | Added +29.2k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 194.7k $18.2m | Reduced -12.5k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 181.3k $17.0m | Added +67.1k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 177.5k $16.6m | Reduced -4.9k |
| Man Group plc 0.03% of their portfolio | 171.8k $16.1m | Added +48.7k |
| ALGERT GLOBAL LLC 0.33% of their portfolio | 166.3k $15.5m | Reduced -16.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 160.0k $15.0m | Reduced -476 |
| PINNACLE ASSOCIATES LTD 0.21% of their portfolio | 153.4k $14.3m | Reduced -5.4k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 149.1k $13.9m | Reduced -68.6k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.42% of their portfolio | 146.9k $13.7m | Added +69.2k |
| TUDOR INVESTMENT CORP ET AL 0.10% of their portfolio | 139.4k $13.0m | Reduced -104.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 133.8k $12.5m | Added +2.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 130.1k $12.2m | Reduced -9.0k |
| Legal & General Group Plc 0.00% of their portfolio | 128.3k $12.0m | Added +5.6k |
| GREAT LAKES ADVISORS, LLC 0.10% of their portfolio | 124.8k $11.7m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 119.9k $11.2m | New |
| Incline Global Management LLC 4.38% of their portfolio | 119.2k $11.1m | Added +15.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 108.7k $10.2m | Reduced -22.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 108.5k $10.1m | Reduced -9.1k |
| BARCLAYS PLC 0.00% of their portfolio | 103.9k $9.7m | Added +25.5k |
| CAPITAL FUND MANAGEMENT S.A. 0.10% of their portfolio | 101.5k $9.5m | Added +36.9k |
| HRT FINANCIAL LP 0.05% of their portfolio | 100.6k $9.4m | Added +37.5k |
| Advisors Asset Management, Inc. 0.16% of their portfolio | 94.0k $8.8m | Reduced -17.8k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 89.9k $8.4m | Added +86.3k |
| COMERICA BANK 0.03% of their portfolio | 89.9k $8.4m | Added +1.6k |
| Walleye Capital LLC 0.08% of their portfolio | 87.2k $8.2m | New |
| Swiss National Bank 0.00% of their portfolio | 83.0k $7.8m | Reduced -1.7k |
| HEARTLAND ADVISORS INC 0.43% of their portfolio | 82.9k $7.8m | Reduced -2.7k |
| JOHN G ULLMAN & ASSOCIATES INC 1.10% of their portfolio | 79.3k $7.4m | Reduced -100 |
| PDT Partners, LLC 0.38% of their portfolio | 71.8k $6.7m | Added +17.4k |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 71.2k $6.7m | Added +6.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 69.2k $6.5m | Unchanged |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 0.96% of their portfolio | 67.9k $6.3m | New |
| First Washington CORP 2.04% of their portfolio | 67.6k $6.3m | Unchanged |
| Verition Fund Management LLC 0.04% of their portfolio | 66.6k $6.2m | Reduced -180 |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 63.9k $6.0m | Added +2.4k |
| Rock Point Advisors, LLC 1.68% of their portfolio | 63.8k $6.0m | Reduced -515 |
| Y-Intercept (Hong Kong) Ltd 0.14% of their portfolio | 62.5k $5.8m | New |
| Bernzott Capital Advisors 2.88% of their portfolio | 60.3k $5.6m | Reduced -3.9k |
| EFG Asset Management (North America) Corp. 0.78% of their portfolio | 59.3k $5.5m | Added +5.8k |
| RPg Family Wealth Advisory, LLC 1.47% of their portfolio | 59.1k $5.5m | Added +2.4k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 58.4k $5.5m | Reduced -37.3k |
| JUPITER ASSET MANAGEMENT LTD 0.04% of their portfolio | 57.3k $5.4m | Added +38.8k |
| D.A. DAVIDSON & CO. 0.04% of their portfolio | 57.2k $5.3m | Reduced -10.5k |
| Aquatic Capital Management LLC 0.11% of their portfolio | 56.6k $5.3m | Added +2.2k |
| Robbins Farley 2.31% of their portfolio | 53.2k $5.0m | Added +250 |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 52.0k $4.9m | Added +44.9k |
| SANDLER CAPITAL MANAGEMENT 1.65% of their portfolio | 51.0k $4.8m | Reduced -8.5k |