Advantage Solutions
ADV
111 hedge funds and large institutions have $346M invested in Advantage Solutions in 2023 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 52 increasing their positions, 22 reducing their positions, and 10 closing their positions.
136% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 22
100% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 10
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
55% more capital invested
Capital invested by funds: $224M → $346M (+$122M)
10% more funds holding
Funds holding: 101 → 111 (+10)
0.2% more ownership
Funds ownership: 0.97% → 1.17% (+0.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AP
Atairos Partners
Bryn Mawr,
Pennsylvania
|
+$6.46M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$3.22M |
| 3 |
Morgan Stanley
New York
|
+$2.26M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.86M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
-$17.5M |
| 2 |
AC
Armistice Capital
New York
|
-$6M |
| 3 |
Bank of New York Mellon
New York
|
-$1.13M |
| 4 |
CM
CastleKnight Management
New York
|
-$1.1M |
| 5 |
LCS
Levin Capital Strategies
New York
|
-$568K |
ADV Hedge Fund Activity: Q4 2023 in Review
111 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Advantage Solutions (ADV) for Q4 2023, worth a combined $346M — up 55% from $224M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new ADV positions and 10 closed out — a net gain of 10 holders — while 52 added to existing stakes and 22 trimmed.
The largest buyer was Atairos Partners, adding an estimated $6.46M. The largest seller was Baupost Group, exiting entirely with an estimated $17.5M sold.
- 111 institutional investors held Advantage Solutions (ADV) as of Q4 2023, up from 101 in Q3 2023.
- Funds reported $346M of Advantage Solutions stock for Q4 2023, up 55% quarter-over-quarter.
- 20 funds opened new Advantage Solutions positions in Q4 2023 and 10 closed out, a net change of +10 holders.
- The largest Advantage Solutions buyer in Q4 2023 was Atairos Partners, an estimated $6.46M added.
- The largest Advantage Solutions seller in Q4 2023 was Baupost Group, an estimated $17.5M sold.
Based on aggregated 13F filings for Q4 2023.