First Advantage
166 hedge funds and large institutions have $2.25B invested in First Advantage in 2026 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 63 increasing their positions, 40 reducing their positions, and 24 closing their positions.
83% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 24
58% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 40
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
12% more funds holding
Funds holding: 148 → 166 (+18)
0.76% less ownership
Funds ownership: 109.34% → 108.58% (-0.76%)
19% less capital invested
Capital invested by funds: $2.77B → $2.25B (-$520M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$19.8M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$15.9M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$14.2M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$13.7M |
| 5 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$70.7M |
| 2 |
NAMI
Nomura Asset Management International
Philadelphia,
Pennsylvania
|
-$23.4M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$20.7M |
| 4 |
SG Americas Securities
New York
|
-$11.3M |
| 5 |
FAM
Fred Alger Management
New York
|
-$6.79M |
FA Hedge Fund Activity: Q1 2026 in Review
166 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q1 2026, worth a combined $2.25B — down 19% from $2.77B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new FA positions and 24 closed out — a net gain of 20 holders — while 63 added to existing stakes and 40 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $19.8M. The largest seller was Capital Research Global Investors, exiting entirely with an estimated $70.7M sold.
- 166 institutional investors held First Advantage (FA) as of Q1 2026, up from 148 in Q4 2025.
- Funds reported $2.25B of First Advantage stock for Q1 2026, down 19% quarter-over-quarter.
- 44 funds opened new First Advantage positions in Q1 2026 and 24 closed out, a net change of +20 holders.
- The largest First Advantage buyer in Q1 2026 was Fidelity Investments, an estimated $19.8M added.
- The largest First Advantage seller in Q1 2026 was Capital Research Global Investors, an estimated $70.7M sold.
Based on aggregated 13F filings for Q1 2026.