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	2,045,226	$44,022,104	0.02%
2.	National Bank Of Canada	1,333,800	$28,776,031	0.03%
3.	Cibc Asset Management Inc	1,062,116	$22,838,905	0.07%
4.	Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corp	1,057,254	$22,774,113	0.15%
5.	Polar Asset Management Partners Inc.	1,022,101	$22,015,358	0.25%