First Advantage
98 hedge funds and large institutions have $2.12B invested in First Advantage in 2023 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 42 reducing their positions, and 12 closing their positions.
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
10% more capital invested
Capital invested by funds: $1.94B → $2.12B (+$185M)
2% more funds holding
Funds holding: 96 → 98 (+2)
0.27% more ownership
Funds ownership: 93.88% → 94.15% (+0.27%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
31% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$8.55M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$5.99M |
| 3 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
+$5.87M |
| 4 |
JP Morgan Chase
New York
|
+$5.04M |
| 5 |
LWIC
Leith Wheeler Investment Counsel
Vancouver,
British Columbia, Canada
|
+$3.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$22.9M |
| 2 |
Goldman Sachs
New York
|
-$10.4M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$5.95M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.94M |
| 5 |
BAMCO Inc
New York
|
-$1.68M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GCM
101
Graham Capital Management
Rowayton,
Connecticut
| – | -$356K | -25,504 | Closed |
|
102
Envestnet Asset Management
Chicago,
Illinois
| – | -$265K | -19,001 | Closed |
|
103
Squarepoint
New York
| – | -$241K | -17,294 | Closed |
|
104
AssetMark Inc
Concord,
California
| – | -$46.1K | -3,302 | Closed |
|
105
Osaic Holdings
Scottsdale,
Arizona
| – | -$8.85K | -634 | Closed |
|
|
EI
106
Ellevest Inc
New York
| – | -$3.25K | -233 | Closed |
|
|
BAM
107
Belpointe Asset Management
Reno,
Nevada
| – | -$2.15K | -154 | Closed |
|
|
SC
108
Schubert & Co
Mckinney,
Texas
| – | -$336 | -24 | Closed |
|
|
TWA
109
TCI Wealth Advisors
Tucson,
Arizona
| – | -$28 | -2 | Closed |
|
FA Hedge Fund Activity: Q2 2023 in Review
98 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q2 2023, worth a combined $2.12B — up 9.6% from $1.94B a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FA positions and 12 closed out — a net gain of 2 holders — while 29 added to existing stakes and 42 trimmed.
The largest buyer was Boston Partners, opening a new position worth an estimated $8.55M. The largest seller was Principal Financial Group, cutting an estimated $22.9M.
- 98 institutional investors held First Advantage (FA) as of Q2 2023, up from 96 in Q1 2023.
- Funds reported $2.12B of First Advantage stock for Q2 2023, up 9.6% quarter-over-quarter.
- 14 funds opened new First Advantage positions in Q2 2023 and 12 closed out, a net change of +2 holders.
- The largest First Advantage buyer in Q2 2023 was Boston Partners, an estimated $8.55M added.
- The largest First Advantage seller in Q2 2023 was Principal Financial Group, an estimated $22.9M sold.
Based on aggregated 13F filings for Q2 2023.