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First Advantage
FA

111 hedge funds and large institutions have $2.36B invested in First Advantage in 2024 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 38 increasing their positions, 33 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

10,500% more call options, than puts

Call options by funds: $530K | Put options by funds: $5K

127% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 11

15% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 33

14% more funds holding

Funds holding: 97 → 111 (+14)

1.99% more ownership

Funds ownership: 98.25% → 100.24% (+2%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% less capital invested

Capital invested by funds: $2.36B → $2.36B (-$2.44M)

Holders
111
Holders Change
+14
Holders Change %
+14.43%
% of All Funds
1.6%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
25
Increased
38
Reduced
33
Closed
11
Calls
$530K
Puts
$5K
Net Calls
+$525K
Net Calls Change
+$525K

Top Buyers

Rank Fund Capital Flow
1
Macquarie Group
Macquarie Group
Australia
+$30.9M
2
SM
Sunriver Management
Connecticut
+$18.2M
3
Boston Partners
Boston Partners
Massachusetts
+$17M
4
American Century Companies
American Century Companies
Missouri
+$10.5M
5
Capital Research Global Investors
Capital Research Global Investors
California
+$8.1M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$32.4M
2
CRCM
Cat Rock Capital Management
Connecticut
-$16.4M
3
JP Morgan Chase
JP Morgan Chase
New York
-$7.88M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$6.6M
5
Morgan Stanley
Morgan Stanley
New York
-$4.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
HIM
26
Herald Investment Management
United Kingdom
$4.86M +$1.22M +75,000 +33%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$4.15M -$241K -14,747 -5%
New York State Common Retirement Fund
28
New York State Common Retirement Fund
New York
$3.97M +$2.07M +127,016 +108%
AR
29
Advisory Research
Illinois
$3.62M +$32.8K +2,010 +0.9%
AACP
30
Advantage Alpha Capital Partners
California
$3.56M +$3.58M +219,476 New
N
31
Nuveen
North Carolina
$3.24M +$36.2K +2,220 +1%
WP
32
Woodline Partners
California
$3.11M +$3.13M +191,884 New
UBS Group
33
UBS Group
Switzerland
$2.62M +$2.64M +161,743 New
Tudor Investment Corp
34
Tudor Investment Corp
Connecticut
$2.38M -$141K -8,626 -6%
Renaissance Technologies
35
Renaissance Technologies
New York
$2.31M -$1.34M -81,900 -37%
First Trust Advisors
36
First Trust Advisors
Illinois
$2.17M +$835K +51,225 +62%
VOYA Investment Management
37
VOYA Investment Management
Georgia
$2.12M +$87.7K +5,377 +4%
Goldman Sachs
38
Goldman Sachs
New York
$1.75M +$357K +21,881 +25%
Citadel Advisors
39
Citadel Advisors
Florida
$1.7M +$1.71M +104,683 New
Swiss National Bank
40
Swiss National Bank
Switzerland
$1.62M – – –
SEI Investments
41
SEI Investments
Pennsylvania
$1.6M -$20.9K -1,281 -1%
VBA
42
Van Berkom & Associates
Quebec, Canada
$1.44M +$84.9K +5,208 +6%
Morgan Stanley
43
Morgan Stanley
New York
$1.44M -$4.89M -300,012 -77%
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$1.42M +$21.9K +1,341 +2%
TCM
45
TimesSquare Capital Management
New York
$1.36M – – –
CAC
46
Cowen and Company
New York
$1.31M +$1.32M +80,636 New
Invesco
47
Invesco
Georgia
$1.23M -$299K -18,354 -20%
AllianceBernstein
48
AllianceBernstein
Tennessee
$1M +$70.1K +4,300 +7%
Balyasny Asset Management
49
Balyasny Asset Management
Illinois
$1M +$1.01M +61,712 New
UBS AM
50
UBS AM
Illinois
$994K – – –
1
2
3 4 5

FA Hedge Fund Activity: Q1 2024 in Review

111 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q1 2024, worth a combined $2.36B — down 0.1% from $2.36B a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new FA positions and 11 closed out — a net gain of 14 holders — while 38 added to existing stakes and 33 trimmed.

The largest buyer was Macquarie Group, opening a new position worth an estimated $30.9M. The largest seller was Fidelity Investments, cutting an estimated $32.4M.

  • 111 institutional investors held First Advantage (FA) as of Q1 2024, up from 97 in Q4 2023.
  • Funds reported $2.36B of First Advantage stock for Q1 2024, down 0.1% quarter-over-quarter.
  • 25 funds opened new First Advantage positions in Q1 2024 and 11 closed out, a net change of +14 holders.
  • The largest First Advantage buyer in Q1 2024 was Macquarie Group, an estimated $30.9M added.
  • The largest First Advantage seller in Q1 2024 was Fidelity Investments, an estimated $32.4M sold.

Based on aggregated 13F filings for Q1 2024.