First Advantage
98 hedge funds and large institutions have $2.85B invested in First Advantage in 2022 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 34 increasing their positions, 36 reducing their positions, and 14 closing their positions.
29% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 14
7% more capital invested
Capital invested by funds: $2.67B → $2.85B (+$174M)
4% more funds holding
Funds holding: 94 → 98 (+4)
0.3% more ownership
Funds ownership: 92.05% → 92.35% (+0.3%)
6% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 36
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$15.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.6M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$7.31M |
| 4 |
JP Morgan Chase
New York
|
+$7.18M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$5.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZP
Zimmer Partners
New York
|
-$14.5M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$10.4M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$9.52M |
| 4 |
BPIM
Brant Point Investment Management
New York
|
-$7.47M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$6.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
SG Americas Securities
New York
| – | -$1.51M | -79,252 | Closed |
|
|
GCM
102
Ghisallo Capital Management
Boston,
Massachusetts
| – | -$952K | -50,000 | Closed |
|
|
AC
103
Allstate Corporation
Northbrook,
Illinois
| – | -$704K | -36,978 | Closed |
|
104
Man Group
London,
United Kingdom
| – | -$649K | -34,100 | Closed |
|
105
M&T Bank
Buffalo,
New York
| – | -$604K | -31,737 | Closed |
|
|
PCM
106
Pentwater Capital Management
Naples,
Florida
| – | -$476K | -25,000 | Closed |
|
107
Hudson Bay Capital Management
Stamford,
Connecticut
| – | -$381K | -20,000 | Closed |
|
108
VOYA Investment Management
Atlanta,
Georgia
| – | -$330K | -17,352 | Closed |
|
109
Zurich Cantonal Bank
Zurich,
Switzerland
| – | -$166K | -8,696 | Closed |
|
|
CA
110
CoreCap Advisors
Southfield,
Michigan
| – | -$10K | -500 | Closed |
|
111
Osaic Holdings
Scottsdale,
Arizona
| – | -$2K | -78 | Closed |
|
|
C
112
Covestor
London,
United Kingdom
| – | -$103 | -6 | -20% |
|
FA Hedge Fund Activity: Q1 2022 in Review
98 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q1 2022, worth a combined $2.85B — up 6.5% from $2.67B a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FA positions and 14 closed out — a net gain of 4 holders — while 34 added to existing stakes and 36 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $15.9M. The largest seller was Zimmer Partners, cutting an estimated $14.5M.
- 98 institutional investors held First Advantage (FA) as of Q1 2022, up from 94 in Q4 2021.
- Funds reported $2.85B of First Advantage stock for Q1 2022, up 6.5% quarter-over-quarter.
- 18 funds opened new First Advantage positions in Q1 2022 and 14 closed out, a net change of +4 holders.
- The largest First Advantage buyer in Q1 2022 was Fidelity Investments, an estimated $15.9M added.
- The largest First Advantage seller in Q1 2022 was Zimmer Partners, an estimated $14.5M sold.
Based on aggregated 13F filings for Q1 2022.