Advantage Solutions
ADV
33 hedge funds and large institutions have $233M invested in Advantage Solutions in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
38% more funds holding
Funds holding: 24 → 33 (+9)
20% more capital invested
Capital invested by funds: $195M → $233M (+$38.6M)
0.37% more ownership
Funds ownership: 1.68% → 2.05% (+0.37%)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$21.7M |
| 2 |
Millennium Management
New York
|
+$20M |
| 3 |
LCM
LH Capital Markets
New York
|
+$6.47M |
| 4 |
BGIM
Boussard & Gavaudan Investment Management
London,
United Kingdom
|
+$1.62M |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIG
Fortress Investment Group
New York
|
-$4.16M |
| 2 |
HI
HBK Investments
Dallas,
Texas
|
-$4.16M |
| 3 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$1.5M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
-$1.35M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCM
26
Tenor Capital Management
New York
| $495K | – | – | – |
|
|
CAC
27
Cowen and Company
New York
| $403K | +$439K | +1,627 | New |
|
28
Hudson Bay Capital Management
Stamford,
Connecticut
| $395K | +$399K | +1,480 | New |
|
|
AAMU
29
Amundi Asset Management US
Boston,
Massachusetts
| $158K | – | – | – |
|
30
California Public Employees Retirement System
Sacramento,
California
| $158K | +$159K | +591 | New |
|
31
UBS Group
Zurich,
Switzerland
| $3K | +$3.51K | +13 | New |
|
32
JP Morgan Chase
New York
| $1K | +$1.08K | +4 | New |
|
|
FIG
33
Fortress Investment Group
New York
| – | -$4.16M | -16,000 | Closed |
|
|
HI
34
HBK Investments
Dallas,
Texas
| – | -$4.16M | -16,000 | Closed |
|
|
WAM
35
Weiss Asset Management
Boston,
Massachusetts
| – | -$1.04M | -4,000 | Closed |
|
36
Citigroup
New York
| – | -$52K | -200 | Closed |
|
|
CHC
37
City Holding Co
Charleston,
West Virginia
| – | +$540 | +2 | New |
|
ADV Hedge Fund Activity: Q1 2020 in Review
33 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Advantage Solutions (ADV) for Q1 2020, worth a combined $233M — up 20% from $195M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new ADV positions and 4 closed out — a net gain of 9 holders — while 4 added to existing stakes and 6 trimmed.
The largest buyer was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, opening a new position worth an estimated $21.7M. The largest seller was Fortress Investment Group, exiting entirely with an estimated $4.16M sold.
- 33 institutional investors held Advantage Solutions (ADV) as of Q1 2020, up from 24 in Q4 2019.
- Funds reported $233M of Advantage Solutions stock for Q1 2020, up 20% quarter-over-quarter.
- 13 funds opened new Advantage Solutions positions in Q1 2020 and 4 closed out, a net change of +9 holders.
- The largest Advantage Solutions buyer in Q1 2020 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $21.7M added.
- The largest Advantage Solutions seller in Q1 2020 was Fortress Investment Group, an estimated $4.16M sold.
Based on aggregated 13F filings for Q1 2020.