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Advantage Solutions

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.

New
Increased
Maintained
Reduced
Closed

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: 35 (+2)

55% more capital invested

Capital invested by funds: $224M → $346M (+$122M)

10% more funds holding

Funds holding: 101111 (+10)

0.2% more ownership

Funds ownership: 0.97%1.17% (+0.2%)

Holders
111
Holders Change
+10
Holders Change %
+9.9%
% of All Funds
1.62%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.07%
New
20
Increased
52
Reduced
22
Closed
10
Calls
$1.81M
Puts
Net Calls
+$1.81M
Net Calls Change
+$1.77M
Name Holding Trade Value Shares
Change
Change in
Stake
LGP
1
Leonard Green & Partners
California
$55.9M
CCPV
2
CVC Capital Partners VI
Jersey
$55.3M +$43.5M +611,600 New
T. Rowe Price Investment Management
3
T. Rowe Price Investment Management
Maryland
$45.2M +$3.22M +45,237 +10%
Vanguard Group
4
Vanguard Group
Pennsylvania
$29.9M +$125K +1,765 +0.5%
BlackRock
5
BlackRock
New York
$24.3M +$1.4M +19,635 +8%
AP
6
Atairos Partners
Pennsylvania
$15.4M +$6.46M +90,897 +115%
BCI
7
Bain Capital Investors
Massachusetts
$10.5M
CM
8
CastleKnight Management
New York
$9.81M -$1.1M -15,491 -13%
BCM
9
Bridgeway Capital Management
Texas
$8.61M +$682K +9,590 +11%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$8.1M +$310K +4,365 +5%
State Street
11
State Street
Massachusetts
$6.62M +$569K +8,005 +12%
KLC
12
Kent Lake Capital
Nevada
$5.85M +$43.4K +610 +1%
CCM
13
Contrarian Capital Management
Connecticut
$4.6M +$71.1K +1,000 +2%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$4.13M +$1.86M +26,214 +135%
Morgan Stanley
15
Morgan Stanley
New York
$4.09M +$2.26M +31,853 +239%
EF
16
Empowered Funds
Pennsylvania
$3.72M +$682K +9,590 +30%
AA
17
Ancora Advisors
Ohio
$3.52M +$835K +11,740 +43%
Prudential Financial
18
Prudential Financial
New Jersey
$3.42M +$708K +9,965 +36%
KCM
19
Kennedy Capital Management
Missouri
$3.28M +$504K +7,095 +24%
Northern Trust
20
Northern Trust
Illinois
$3.03M +$170K +2,386 +8%
BCP
21
BlackBarn Capital Partners
New York
$2.96M +$2.32M +32,664 New
Millennium Management
22
Millennium Management
New York
$2.78M +$1.46M +20,532 +202%
Charles Schwab
23
Charles Schwab
California
$2.67M +$36.6K +515 +2%
Renaissance Technologies
24
Renaissance Technologies
New York
$2.61M +$884K +12,440 +76%
Marshall Wace
25
Marshall Wace
United Kingdom
$1.97M +$363K +5,112 +31%

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.