Herald Investment Management’s First Advantage FA Stock Holding History

Herald Investment Management’s Portfolio FA Stock Details FA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$5.64M	Sell	312,500 -37,500	-11%	-$543K	0.76%	44
2026 Q1	$4.12M	Sell	350,000 -50,000	-13%	-$612K	0.57%	53
2025 Q4	$5.8M	Buy	400,000 +35,000	+10%	+$493K	0.76%	38
2025 Q3	$5.62M	Buy	365,000 +17,127	+5%	+$284K	0.75%	33
2025 Q2	$5.78M	Buy	347,873 +47,873	+16%	+$773K	0.86%	27
2025 Q1	$4.23M	Hold	300,000	–	–	0.79%	33
2024 Q4	$5.62M	Hold	300,000	–	–	0.92%	34
2024 Q3	$5.96M	Hold	300,000	–	–	1.03%	29
2024 Q2	$4.8M	Hold	300,000	–	–	0.79%	35
2024 Q1	$4.86M	Buy	300,000 +75,000	+33%	+$1.22M	0.79%	34
2023 Q4	$3.73M	Hold	225,000	–	–	0.71%	38
2023 Q3	$3.1M	Buy	225,000 +50,000	+29%	+$726K	0.66%	43
2023 Q2	$2.7M	Buy	+175,000	New	+$2.35M	0.52%	51

Other funds holding FA

EIP

Easterly Investment Partners Beverly, Massachusetts $1.97B AUM 25.87% 1-Year Est. Return

LSERS

Louisiana State Employees Retirement System Baton Rouge, Louisiana $6.74B AUM 53.06% 1-Year Est. Return

SOADOR

State of Alaska Department of Revenue Juneau, Alaska $10.1B AUM 42.83% 1-Year Est. Return

PFSRSONJ

Police & Firemen's Retirement System of New Jersey Trenton, New Jersey $13.3B AUM 45.46% 1-Year Est. Return

Handelsbanken Fonder Stockholm, Sweden $35.1B AUM 47.76% 1-Year Est. Return

YCM

Yousif Capital Management Bloomfield Hills, Michigan $8.94B AUM 42.6% 1-Year Est. Return

Amalgamated Bank New York $14.5B AUM 44.3% 1-Year Est. Return

COPPSERS

Commonwealth of Pennsylvania Public School Employees Retirement System Harrisburg, Pennsylvania $20.6B AUM 37.37% 1-Year Est. Return

New York State Teachers Retirement System (NYSTRS) Albany, New York $54.2B AUM 43.77% 1-Year Est. Return

VCM

Versant Capital Management Phoenix, Arizona $1.12B AUM 34.21% 1-Year Est. Return

Herald Investment Management's FA Position: Q2 2026 in Review

Herald Investment Management reduced its First Advantage (FA) stake by 11% in Q2 2026, selling an estimated $543K and leaving 312,500 shares worth $5.64M. The position accounts for 0.76% of the portfolio, ranked #44.

Herald Investment Management first reported a position in FA in Q2 2023 and has held it in 13 quarters since. The position peaked at $5.96M in Q3 2024. 19 funds tracked by Wall St. Rank hold FA as of Q2 2026.

Herald Investment Management held 312,500 shares of First Advantage worth $5.64M as of Q2 2026.
Herald Investment Management sold 37,500 First Advantage shares in Q2 2026, an estimated $543K.
First Advantage made up 0.76% of Herald Investment Management's portfolio in Q2 2026, its #44 holding.
Herald Investment Management first reported a position in First Advantage in Q2 2023 and has held it in 13 quarters since.
Herald Investment Management's First Advantage position peaked at $5.96M in Q3 2024.
19 funds tracked by Wall St. Rank held First Advantage as of Q2 2026.

Based on Herald Investment Management's 13F filing for Q2 2026, filed 23 Jul 2026.