First Advantage
179 hedge funds and large institutions have $3.54B invested in First Advantage in 2026 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 72 increasing their positions, 42 reducing their positions, and 26 closing their positions.
121% more capital inflows, than outflows
Capital inflows: $252M | Capital outflows: $114M
71% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 42
54% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 26
7% more funds holding
Funds holding: 167 → 179 (+12)
5.31% more ownership
Funds ownership: 108.59% → 113.9% (+5.3%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$88M |
| 2 |
State Street
Boston,
Massachusetts
|
+$19.2M |
| 3 |
Emerald Advisers
Leola,
Pennsylvania
|
+$15.1M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$14.6M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$11.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$20.6M |
| 2 |
Sunriver Management
Greenwich,
Connecticut
|
-$15.8M |
| 3 |
JP Morgan Chase
New York
|
-$15M |
| 4 |
Palisade Capital Management
Fort Lee,
New Jersey
|
-$13.1M |
| 5 |
Fred Alger Management
New York
|
-$10.4M |
FA Hedge Fund Activity: Q2 2026 in Review
179 of the 8,358 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q2 2026, worth a combined $3.54B — up 57% from $2.25B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new FA positions and 26 closed out — a net gain of 14 holders — while 72 added to existing stakes and 42 trimmed.
The largest buyer was BlackRock, adding an estimated $88M. The largest seller was Fidelity Investments, cutting an estimated $20.6M.
- 179 institutional investors held First Advantage (FA) as of Q2 2026, up from 167 in Q1 2026.
- Funds reported $3.54B of First Advantage stock for Q2 2026, up 57% quarter-over-quarter.
- 40 funds opened new First Advantage positions in Q2 2026 and 26 closed out, a net change of +14 holders.
- The largest First Advantage buyer in Q2 2026 was BlackRock, an estimated $88M added.
- The largest First Advantage seller in Q2 2026 was Fidelity Investments, an estimated $20.6M sold.
Based on aggregated 13F filings for Q2 2026.