CDNLNasdaqHeavy Construction Other Than Bldg Const - ContractorsFiscal year ends December 31
Cardinal Infrastructure Group Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 12, 2026
$15.87+1.25 (+8.55%)
Close on Oct 19, 2026
- Market cap
- $684.44M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
46.3%
22M of 47M shares
Institutional holders
158
75 new, 10 sold out
Net institutional buying
7M
In Q2 2026
Insider trades, 12 months
23 buys · 0 sales
Net bought $10.68M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Ross Berner | 804,405 | 5.40% | 13G (passive) | Dec 31, 2025 |
| Mark McKinney | 760,438 | 5.10% | 13G (passive) | Dec 31, 2025 |
| Ophir Asset Management Pty Ltd | 700,000 | 5.30% | 13G (passive) | Dec 10, 2025 |
| West Family 2024 Irrevocable Trust U/A dated 3/20/24 | 6,114,009 | 29.00% | 13G (passive) | Dec 31, 2025 |
| Abigail P. Johnson | 2,957,660 | 14.90% | 13G (passive) amendment | Jun 30, 2026 |
| Rowe Family 2024 Irrevocable Trust U/A dated 3/13/24 | 2,038,003 | 29.00% | 13G (passive) | Dec 31, 2025 |
| FMR LLC | 1,648,071 | 12.50% | 13G (passive) | Dec 31, 2025 |
| Spivey Family 2024 Irrevocable Trust U/A dated 5/13/24 | 12,229,848 | 45.00% | 13G (passive) | Dec 31, 2025 |
| Driehaus Capital Management LLC | 1,208,910 | 6.08% | 13G (passive) | Jun 30, 2026 |
| BlackRock, Inc. | 1,207,344 | 6.30% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CDNL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| FMR LLC | 2,957,660 | 6.23% | $278.61M | +971,368 | 0.01% |
| Driehaus Capital Management LLC | 1,208,910 | 2.55% | $113.88M | +548,396 | 0.66% |
| BlackRock, Inc. | 1,207,548 | 2.54% | $113.75M | +510,349 | 0.00% |
| Alliancebernstein L.P. | 982,766 | 2.07% | $38.97M | +50,446 | 0.01% |
| Lord, Abbett & Co. LLC | 859,431 | 1.81% | $80.96K | +107,873 | 0.23% |
| Emerald Advisers, LLC | 847,969 | 1.79% | $79.88M | +269,369 | 1.88% |
| Ameriprise Financial Inc | 771,009 | 1.62% | $72.63M | New | 0.01% |
| Price T Rowe Associates Inc /Md/ | 752,941 | 1.59% | $70.93K | +743,877 | 0.01% |
| Fred Alger Management, LLC | 727,033 | 1.53% | $68.49M | +40,448 | 0.23% |
| American Century Companies Inc | 710,881 | 1.50% | $66.96M | New | 0.03% |
| Vanguard Capital Management LLC | 704,186 | 1.48% | $66.33M | +188,767 | 0.00% |
| Victory Capital Management Inc | 666,645 | 1.40% | $62.80M | New | 0.04% |
| Principal Financial Group Inc | 646,899 | 1.36% | $60.94M | +218,636 | 0.03% |
| Emerald Mutual Fund Advisers Trust | 549,297 | 1.16% | $51.74M | +190,234 | 1.82% |
| Franklin Resources Inc | 524,122 | 1.10% | $49.37M | New | 0.01% |
| Kayne Anderson Rudnick Investment Management LLC | 455,366 | 0.96% | $42.90M | New | 0.13% |
| Engle Capital Management, L.P. | 447,655 | 0.94% | $42.17M | +129,655 | 11.58% |
| Geode Capital Management, LLC | 421,713 | 0.89% | $39.74M | +114,770 | 0.00% |
| Federated Hermes, Inc. | 392,348 | 0.83% | $36.96M | +33,400 | 0.05% |
| Wasatch Advisors LP | 349,444 | 0.74% | $32.92M | −343,606 | 0.22% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 158 | 22M | 46.3% | 75 / 57 | 24 / 10 | 10M | 4M |
| Q1 2026 | 93 | 15M | 31.7% | 54 / 27 | 10 / 14 | 6M | 4M |
| Q4 2025 | 54 | 13M | 27.9% | 54 / 0 | 0 / 0 | 13M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CDNL | Value | % of fund | As of |
|---|---|---|---|---|---|
| Fidelity Stock Selector Small Cap Fund | 628,795 | 1.32% | $38.92M | 0.53% | Jul 31, 2026 |
| Victory Sycamore Small Company Opportunity Fund | 518,000 | 1.09% | $48.80M | 1.04% | Jun 30, 2026 |
| Columbia Small Cap Growth Fund | 510,739 | 1.08% | $26.50M | 0.72% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 490,070 | 1.03% | $46.16M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Growth Fund | 485,344 | 1.02% | $30.04M | 0.34% | Jul 31, 2026 |
| Lord Abbett Developing Growth Fund Inc | 440,520 | 0.93% | $27.26M | 1.23% | Jul 31, 2026 |
| iShares Russell 2000 ETF | 439,158 | 0.93% | $41.37M | 0.05% | Jun 30, 2026 |
| Fidelity Series Small Cap Opportunities Fund | 424,635 | 0.89% | $26.28M | 0.56% | Jul 31, 2026 |
| Small Cap Value Fund | 387,110 | 0.82% | $36.47M | 1.20% | Jun 30, 2026 |
| Alger Small Cap Focus Fund | 363,065 | 0.76% | $22.47M | 2.63% | Jul 31, 2026 |
| Federated Hermes Kaufmann Small Cap Fund | 349,748 | 0.74% | $21.65M | 0.76% | Jul 31, 2026 |
| T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund | 336,252 | 0.71% | $31.67M | 0.32% | Jun 30, 2026 |
| Emerald Growth Fund | 324,498 | 0.68% | $20.08M | 1.36% | Jul 31, 2026 |
| Putnam Small Cap Growth Fund | 274,108 | 0.58% | $25.82M | 0.76% | Jun 30, 2026 |
| Virtus KAR Mid-Cap Growth Fund | 247,712 | 0.52% | $23.33M | 5.77% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jeremy Simmons Spivey | Chief Executive Officer, Director | 12,242,214 | 25.79% | Aug 17, 2026 |
| Benjamin Wood | Chief Operating Officer | 2,138,731 | 4.51% | Aug 17, 2026 |
| Michael Bruce Rowe Jr. | Chief Financial Officer | 2,045,003 | 4.31% | Aug 17, 2026 |
| Tiffany Leann Gidley | General Counsel and Secretary | 6,000 | 0.01% | Dec 11, 2025 |
| Erik Daniel West | See Remarks, 10% owner | 6,114,009 | 12.88% | Dec 11, 2025 |
| Richard Bennett Wimmer | Director | 29,349 | 0.06% | Aug 18, 2026 |
| Anthony Leon Wood Jr. | Director | 2,127,050 | 4.48% | Aug 17, 2026 |
| Richard Melvin Lee Jr. | Director | 68,254 | 0.14% | Aug 17, 2026 |
| Ivy Zelman | Director | 32,891 | 0.07% | Aug 17, 2026 |
| Austin J. Shanfelter | Director | 11,529 | 0.02% | Jun 9, 2026 |
| Ross Berner | 10% owner | 859,374 | 1.81% | Dec 10, 2025 |
| Mark McKinney | 10% owner | 773,438 | 1.63% | Dec 10, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Richard Bennett Wimmer Director | Aug 17, 2026 | Buy | +7,500 | $39.13 | $293.48K | 29,349 |
| Anthony Leon Wood Jr. Director | Aug 14, 2026 | Buy | +34,019 | $39.16 | $1.33M | 34,019 |
| Anthony Leon Wood Jr. Director | Aug 14, 2026 | Buy | +17,381 | $39.75 | $690.89K | 51,400 |
| Benjamin Wood Chief Operating Officer | Aug 14, 2026 | Buy | +12,073 | $39.77 | $480.14K | 45,700 |
| Benjamin Wood Chief Operating Officer | Aug 14, 2026 | Buy | +13,627 | $39.22 | $534.45K | 33,627 |
| Richard Melvin Lee Jr. Director | Aug 14, 2026 | Buy | +7,000 | $37.73 | $264.11K | 68,254 |
| Richard Melvin Lee Jr. Director | Aug 14, 2026 | Buy | +27,000 | $36.59 | $987.93K | 61,254 |
| Michael Bruce Rowe Jr. Chief Financial Officer | Aug 14, 2026 | Buy | +7,000 | $36.53 | $255.71K | 7,000 |
| Jeremy Simmons Spivey Chief Executive Officer, Director | Aug 14, 2026 | Buy | +12,366 | $36.58 | $452.35K | 12,366 |
| Jeremy Simmons Spivey Chief Executive Officer, Director | Aug 14, 2026 | Buy | +14,224 | $37.69 | $536.10K | 26,590 |
| Jeremy Simmons Spivey Chief Executive Officer, Director | Aug 14, 2026 | Buy | +11,511 | $39.65 | $456.41K | 83,350 |
| Jeremy Simmons Spivey Chief Executive Officer, Director | Aug 14, 2026 | Buy | +45,249 | $38.82 | $1.76M | 71,839 |
| Ivy Zelman Director | Aug 14, 2026 | Buy | +12,647 | $39.61 | $500.95K | 32,891 |
| Richard Bennett Wimmer Director | Jun 5, 2026 | Award | +2,023 | – | – | 21,849 |
| Richard Melvin Lee Jr. Director | Jun 5, 2026 | Award | +1,941 | – | – | 34,254 |
| Ivy Zelman Director | Jun 5, 2026 | Award | +1,817 | – | – | 20,244 |
| Austin J. Shanfelter Director | Jun 5, 2026 | Award | +1,941 | – | – | 11,529 |
| Benjamin Wood CHIEF OPERATING OFFICER | May 27, 2026 | Buy | +5,355 | $50.78 | $271.93K | 12,094 |
| Benjamin Wood CHIEF OPERATING OFFICER | May 27, 2026 | Buy | +6,739 | $49.89 | $336.21K | 6,739 |
| Benjamin Wood CHIEF OPERATING OFFICER | May 27, 2026 | Buy | +100 | $54.33 | $5.43K | 20,000 |
| Benjamin Wood CHIEF OPERATING OFFICER | May 27, 2026 | Buy | +3,600 | $53.90 | $194.04K | 19,900 |
| Benjamin Wood CHIEF OPERATING OFFICER | May 27, 2026 | Buy | +4,206 | $51.90 | $218.29K | 16,300 |
| Austin J. Shanfelter Director | May 7, 2026 | Award | +3,101 | $24.18 | $74.98K | 8,726 |
| Richard Bennett Wimmer Director | May 7, 2026 | Award | +3,101 | $24.18 | $74.98K | 19,826 |
| Richard Melvin Lee Jr. Director | May 7, 2026 | Award | +3,101 | $24.18 | $74.98K | 25,826 |
| Ivy Zelman Director | May 7, 2026 | Award | +3,101 | $24.18 | $74.98K | 18,427 |
| Ivy Zelman Director | Mar 26, 2026 | Buy | +6,921 | $36.33 | $251.44K | 15,326 |
| Jeremy Simmons Spivey Chief Executive Officer, Director, 10% owner | Dec 11, 2025 | Returned to company | −665,476 | – | – | 2,050,844 |
| Jeremy Simmons Spivey Chief Executive Officer, Director, 10% owner | Dec 11, 2025 | Returned to company | −3,302,980 | – | – | 10,179,004 |
| Ivy Zelman Director | Dec 11, 2025 | Buy | +2,275 | $21.00 | $47.78K | 8,405 |
| Richard Melvin Lee Jr. Director | Dec 11, 2025 | Buy | +22,725 | $21.00 | $477.23K | 29,212 |
| Tiffany Leann Gidley General Counsel and Secretary | Dec 11, 2025 | Buy | +6,000 | $21.00 | $126.00K | 6,000 |
| Erik Daniel West See Remarks, 10% owner | Dec 11, 2025 | Returned to company | −330,357 | – | – | 1,018,084 |
| Erik Daniel West See Remarks, 10% owner | Dec 11, 2025 | Returned to company | −1,653,571 | – | – | 5,095,925 |
| Michael Bruce Rowe Jr. Chief Financial Officer | Dec 11, 2025 | Returned to company | −595,238 | – | – | 1,834,386 |
| Michael Bruce Rowe Jr. Chief Financial Officer | Dec 11, 2025 | Returned to company | −66,071 | – | – | 203,617 |
| Richard Bennett Wimmer Director | Dec 11, 2025 | Buy | +10,000 | $21.00 | $210.00K | 16,725 |
| Jeremy Simmons Spivey Chief Executive Officer, Director, 10% owner | Dec 9, 2025 | Award | +13,481,984 | – | – | 13,481,984 |
| Jeremy Simmons Spivey Chief Executive Officer, Director, 10% owner | Dec 9, 2025 | Award | +2,716,320 | – | – | 2,716,320 |
| Erik Daniel West See Remarks, 10% owner | Dec 9, 2025 | Award | +1,348,441 | – | – | 1,348,441 |
| Erik Daniel West See Remarks, 10% owner | Dec 9, 2025 | Award | +6,749,496 | – | – | 6,749,496 |
| Michael Bruce Rowe Jr. Chief Financial Officer | Dec 9, 2025 | Award | +269,688 | – | – | 269,688 |
| Michael Bruce Rowe Jr. Chief Financial Officer | Dec 9, 2025 | Award | +2,429,624 | – | – | 2,429,624 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.