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Advantage Solutions

119 hedge funds and large institutions have $177M invested in Advantage Solutions in 2022 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 37 increasing their positions, 24 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 12

54% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 24

31% more funds holding

Funds holding: 91119 (+28)

0.02% less ownership

Funds ownership: 1.07%1.05% (-0.02%)

43% less capital invested

Capital invested by funds: $313M → $177M (-$135M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

72% less call options, than puts

Call options by funds: $21K | Put options by funds: $75K

Holders
119
Holders Change
+28
Holders Change %
+30.77%
% of All Funds
2.05%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
40
Increased
37
Reduced
24
Closed
12
Calls
$21K
Puts
$75K
Net Calls
-$54K
Net Calls Change
-$86K
Name Holding Trade Value Shares
Change
Change in
Stake
LGP
1
Leonard Green & Partners
California
$32.9M
BG
2
Baupost Group
Massachusetts
$24.7M
T. Rowe Price Investment Management
3
T. Rowe Price Investment Management
Maryland
$18.8M +$32.6M +353,657 New
Vanguard Group
4
Vanguard Group
Pennsylvania
$17.3M -$120K -1,305 -0.4%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$14.7M -$15.8M -171,608 -38%
BlackRock
6
BlackRock
New York
$11.8M -$708K -7,684 -3%
BCI
7
Bain Capital Investors
Massachusetts
$6.16M
AC
8
Armistice Capital
New York
$5.11M -$502K -5,440 -5%
BCM
9
Bridgeway Capital Management
Texas
$5.11M +$8.85M +96,000 New
RCMNY
10
Rubric Capital Management (New York)
New York
$4.03M
Geode Capital Management
11
Geode Capital Management
Massachusetts
$3.89M -$138K -1,498 -2%
State Street
12
State Street
Massachusetts
$3.45M +$94.3K +1,023 +2%
Morgan Stanley
13
Morgan Stanley
New York
$3.22M +$4.77M +51,735 +593%
PCM
14
Prentice Capital Management
Connecticut
$2.54M -$7.6M -82,467 -63%
First Trust Advisors
15
First Trust Advisors
Illinois
$2.16M +$1.51M +16,350 +68%
Federated Hermes
16
Federated Hermes
Pennsylvania
$2.04M +$1M +10,853 +40%
Millennium Management
17
Millennium Management
New York
$1.94M +$2.37M +25,721 +241%
Northern Trust
18
Northern Trust
Illinois
$1.61M -$62.5K -678 -2%
Charles Schwab
19
Charles Schwab
California
$1.41M -$30.7K -333 -1%
Citigroup
20
Citigroup
New York
$1.36M +$2.32M +25,145 +6,334%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$1.12M +$139K +1,510 +8%
Invesco
22
Invesco
Georgia
$909K +$879K +9,540 +127%
Citadel Advisors
23
Citadel Advisors
Florida
$765K +$1.33M +14,377 New
N
24
Nuveen
North Carolina
$662K -$17.1K -186 -1%
Prudential Financial
25
Prudential Financial
New Jersey
$644K +$42.8K +464 +4%

ADV Hedge Fund Activity: Q3 2022 in Review

119 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Advantage Solutions (ADV) for Q3 2022, worth a combined $177M — down 43% from $313M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new ADV positions and 12 closed out — a net gain of 28 holders — while 37 added to existing stakes and 24 trimmed.

The largest buyer was Bridgeway Capital Management, opening a new position worth an estimated $8.85M. The largest seller was T. Rowe Price Associates, cutting an estimated $29.1M.

  • 119 institutional investors held Advantage Solutions (ADV) as of Q3 2022, up from 91 in Q2 2022.
  • Funds reported $177M of Advantage Solutions stock for Q3 2022, down 43% quarter-over-quarter.
  • 40 funds opened new Advantage Solutions positions in Q3 2022 and 12 closed out, a net change of +28 holders.
  • The largest Advantage Solutions buyer in Q3 2022 was Bridgeway Capital Management, an estimated $8.85M added.
  • The largest Advantage Solutions seller in Q3 2022 was T. Rowe Price Associates, an estimated $29.1M sold.

Based on aggregated 13F filings for Q3 2022.