Advantage Solutions
ADV
117 hedge funds and large institutions have $155M invested in Advantage Solutions in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 34 increasing their positions, 28 reducing their positions, and 17 closing their positions.
59% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 17
21% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 28
16% more capital invested
Capital invested by funds: $134M → $155M (+$21.2M)
8% more funds holding
Funds holding: 108 → 117 (+9)
0.01% less ownership
Funds ownership: 1.25% → 1.25% (-0.01%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
CastleKnight Management
New York
|
+$4.31M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$1.62M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$1.46M |
| 4 |
Millennium Management
New York
|
+$1.37M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$11.5M |
| 2 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$1.29M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$544K |
| 4 |
SSCM
Sovereign's Capital Management
Atlanta,
Georgia
|
-$460K |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$386K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GCP
126
GSA Capital Partners
London,
United Kingdom
| – | -$28K | -835 | Closed |
|
|
OTL
127
Oak Thistle LLC
New York
| – | -$23.3K | -707 | Closed |
|
|
JF
128
Jump Financial
Chicago,
Illinois
| – | -$22.8K | -691 | Closed |
|
129
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$15.2K | -460 | Closed |
|
130
Raymond James Financial
St Petersburg,
Florida
| – | -$5.76K | -174 | Closed |
|
|
QL
131
Quarry LP
New York
| – | -$3.37K | -102 | Closed |
|
|
CWM
132
CarsonAllaria Wealth Management
Glen Carbon,
Illinois
| – | -$1.88K | -57 | Closed |
|
|
TSMHT
133
Thurston Springer Miller Herd & Titak
Indianapolis,
Indiana
| – | -$1.32K | -40 | Closed |
|
|
CIAM
134
Caitong International Asset Management
Hong Kong
| – | -$1 | – | – |
|
ADV Hedge Fund Activity: Q3 2025 in Review
117 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Advantage Solutions (ADV) for Q3 2025, worth a combined $155M — up 16% from $134M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new ADV positions and 17 closed out — a net gain of 10 holders — while 34 added to existing stakes and 28 trimmed.
The largest buyer was CastleKnight Management, adding an estimated $4.31M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $11.5M.
- 117 institutional investors held Advantage Solutions (ADV) as of Q3 2025, up from 108 in Q2 2025.
- Funds reported $155M of Advantage Solutions stock for Q3 2025, up 16% quarter-over-quarter.
- 27 funds opened new Advantage Solutions positions in Q3 2025 and 17 closed out, a net change of +10 holders.
- The largest Advantage Solutions buyer in Q3 2025 was CastleKnight Management, an estimated $4.31M added.
- The largest Advantage Solutions seller in Q3 2025 was T. Rowe Price Investment Management, an estimated $11.5M sold.
Based on aggregated 13F filings for Q3 2025.