First Advantage
82 hedge funds and large institutions have $2.72B invested in First Advantage in 2021 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 32 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.79% less ownership
Funds ownership: 94.26% → 93.47% (-0.79%)
3% less capital invested
Capital invested by funds: $2.81B → $2.72B (-$91.2M)
9% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 32
4% less funds holding
Funds holding: 85 → 82 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$28.5M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$19.9M |
| 3 |
Select Equity Group
New York
|
+$17.3M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$9.25M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$9.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$19.1M |
| 2 |
Blackstone Inc
New York
|
-$14M |
| 3 |
Jennison Associates
New York
|
-$12.8M |
| 4 |
Goldman Sachs
New York
|
-$11.9M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$11.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$742K | -37,236 | Closed |
|
102
Capstone Investment Advisors
New York
| – | -$697K | -35,000 | Closed |
|
103
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$565K | -28,400 | Closed |
|
104
Wellington Management Group
Boston,
Massachusetts
| – | -$559K | -28,082 | Closed |
|
|
KC
105
KCL Capital
New York
| – | -$498K | -25,000 | Closed |
|
106
Janus Henderson Group
London,
United Kingdom
| – | -$401K | -20,000 | Closed |
|
|
IP
107
Interval Partners
New York
| – | -$348K | -17,500 | Closed |
|
|
PHK
108
Point72 Hong Kong
Hong Kong
| – | -$317K | -15,944 | Closed |
|
|
MS
109
Maven Securities
St Helier,
Jersey
| – | -$255K | -12,500 | Closed |
|
|
LCM
110
Laurion Capital Management
New York
| – | -$239K | -12,000 | Closed |
|
|
BFM
111
Boothbay Fund Management
New York
| – | -$218K | -10,938 | Closed |
|
|
PCM
112
Pentwater Capital Management
Naples,
Florida
| – | -$199K | -10,000 | Closed |
|
|
PE
113
Point72 Europe
London,
United Kingdom
| – | -$199K | -10,000 | Closed |
|
114
UBS Group
Zurich,
Switzerland
| – | -$42K | -2,085 | Closed |
|
FA Hedge Fund Activity: Q3 2021 in Review
82 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q3 2021, worth a combined $2.72B — down 3.2% from $2.81B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of FA and 29 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 23 added.
The largest buyer was BlackRock, adding an estimated $28.5M. The largest seller was Ameriprise, exiting entirely with an estimated $19.1M sold.
- 82 institutional investors held First Advantage (FA) as of Q3 2021, down from 85 in Q2 2021.
- Funds reported $2.72B of First Advantage stock for Q3 2021, down 3.2% quarter-over-quarter.
- 29 funds opened new First Advantage positions in Q3 2021 and 32 closed out, a net change of -3 holders.
- The largest First Advantage buyer in Q3 2021 was BlackRock, an estimated $28.5M added.
- The largest First Advantage seller in Q3 2021 was Ameriprise, an estimated $19.1M sold.
Based on aggregated 13F filings for Q3 2021.