Advantage Solutions
ADV
89 hedge funds and large institutions have $189M invested in Advantage Solutions in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 27 reducing their positions, and 27 closing their positions.
117,100% more call options, than puts
Call options by funds: $1.17M | Put options by funds: $1K
46% more capital invested
Capital invested by funds: $129M → $189M (+$59.2M)
30% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 27
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.02% less ownership
Funds ownership: 1.02% → 0.99% (-0.02%)
14% less funds holding
Funds holding: 103 → 89 (-14)
52% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
CastleKnight Management
New York
|
+$2.56M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$2.14M |
| 3 |
KLC
Kent Lake Capital
Reno,
Nevada
|
+$1.48M |
| 4 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$1.24M |
| 5 |
BlackRock
New York
|
+$696K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.96M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$2.99M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$2.37M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.23M |
| 5 |
BG
Baupost Group
Boston,
Massachusetts
|
-$600K |
ADV Hedge Fund Activity: Q2 2023 in Review
89 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Advantage Solutions (ADV) for Q2 2023, worth a combined $189M — up 46% from $129M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of ADV and 13 opened new positions — a net loss of 14 holders — while 27 trimmed existing stakes and 35 added.
The largest buyer was CastleKnight Management, adding an estimated $2.56M. The largest seller was Fidelity Investments, cutting an estimated $3.96M.
- 89 institutional investors held Advantage Solutions (ADV) as of Q2 2023, down from 103 in Q1 2023.
- Funds reported $189M of Advantage Solutions stock for Q2 2023, up 46% quarter-over-quarter.
- 13 funds opened new Advantage Solutions positions in Q2 2023 and 27 closed out, a net change of -14 holders.
- The largest Advantage Solutions buyer in Q2 2023 was CastleKnight Management, an estimated $2.56M added.
- The largest Advantage Solutions seller in Q2 2023 was Fidelity Investments, an estimated $3.96M sold.
Based on aggregated 13F filings for Q2 2023.