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Advantage Solutions
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103 hedge funds and large institutions have $129M invested in Advantage Solutions in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 38 increasing their positions, 36 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

6% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 36

0.03% less ownership

Funds ownership: 1.05% → 1.02% (-0.03%)

9% less funds holding

Funds holding: 113 → 103 (-10)

25% less capital invested

Capital invested by funds: $173M → $129M (-$44M)

48% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 21

Holders
103
Holders Change
-10
Holders Change %
-8.85%
% of All Funds
1.64%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.05%
New
11
Increased
38
Reduced
36
Closed
21
Calls
$59K
Puts
–
Net Calls
+$59K
Net Calls Change
+$30K

Top Buyers

Rank Fund Capital Flow
1
AP
Atairos Partners
Pennsylvania
+$4.47M
2
CM
CastleKnight Management
New York
+$1.74M
3
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$1.49M
4
First Trust Advisors
First Trust Advisors
Illinois
+$590K
5
Federated Hermes
Federated Hermes
Pennsylvania
+$322K

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$4.53M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$4.42M
3
RCMNY
Rubric Capital Management (New York)
New York
-$749K
4
Invesco
Invesco
Georgia
-$680K
5
PCM
Prentice Capital Management
Connecticut
-$533K
Name Holding Trade Value Shares
Change 		Change in
Stake
LGP
1
Leonard Green & Partners
California
$24.4M – – –
BG
2
Baupost Group
Massachusetts
$17M – – –
T. Rowe Price Investment Management
3
T. Rowe Price Investment Management
Maryland
$15.8M +$1.49M +26,425 +7%
Vanguard Group
4
Vanguard Group
Pennsylvania
$12.8M -$149K -2,644 -0.8%
BlackRock
5
BlackRock
New York
$9M -$209K -3,697 -2%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$5.9M -$4.42M -78,360 -34%
BCI
7
Bain Capital Investors
Massachusetts
$4.57M – – –
BCM
8
Bridgeway Capital Management
Texas
$3.55M -$339K -6,010 -6%
AC
9
Armistice Capital
New York
$3.34M – – –
Geode Capital Management
10
Geode Capital Management
Massachusetts
$3.16M +$192K +3,405 +4%
AP
11
Atairos Partners
Pennsylvania
$3.13M +$4.47M +79,252 New
First Trust Advisors
12
First Trust Advisors
Illinois
$2.99M +$590K +10,445 +16%
State Street
13
State Street
Massachusetts
$2.58M +$71.2K +1,261 +2%
CM
14
CastleKnight Management
New York
$2.57M +$1.74M +30,751 +89%
Federated Hermes
15
Federated Hermes
Pennsylvania
$2.23M +$322K +5,702 +11%
CCM
16
Contrarian Capital Management
Connecticut
$1.44M +$165K +2,920 +9%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$1.41M -$166K -2,932 -8%
AQR Capital Management
18
AQR Capital Management
Connecticut
$1.23M +$67.8K +1,201 +4%
Northern Trust
19
Northern Trust
Illinois
$1.14M -$40.5K -718 -2%
Charles Schwab
20
Charles Schwab
California
$1.06M +$122K +2,157 +9%
Prudential Financial
21
Prudential Financial
New Jersey
$741K +$154K +2,736 +17%
Morgan Stanley
22
Morgan Stanley
New York
$699K -$257K -4,551 -20%
PCM
23
Prentice Capital Management
Connecticut
$607K -$533K -9,444 -38%
Allspring Global Investments
24
Allspring Global Investments
North Carolina
$528K +$96.9K +1,717 +15%
Connor, Clark & Lunn Investment Management (CC&L)
25
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$501K +$237K +4,200 +50%
1
2 3 4 5

ADV Hedge Fund Activity: Q1 2023 in Review

103 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Advantage Solutions (ADV) for Q1 2023, worth a combined $129M — down 25% from $173M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of ADV and 11 opened new positions — a net loss of 10 holders — while 36 trimmed existing stakes and 38 added.

The largest buyer was Atairos Partners, opening a new position worth an estimated $4.47M. The largest seller was Goldman Sachs, cutting an estimated $4.53M.

  • 103 institutional investors held Advantage Solutions (ADV) as of Q1 2023, down from 113 in Q4 2022.
  • Funds reported $129M of Advantage Solutions stock for Q1 2023, down 25% quarter-over-quarter.
  • 11 funds opened new Advantage Solutions positions in Q1 2023 and 21 closed out, a net change of -10 holders.
  • The largest Advantage Solutions buyer in Q1 2023 was Atairos Partners, an estimated $4.47M added.
  • The largest Advantage Solutions seller in Q1 2023 was Goldman Sachs, an estimated $4.53M sold.

Based on aggregated 13F filings for Q1 2023.