First Advantage
100 hedge funds and large institutions have $1.93B invested in First Advantage in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 43 increasing their positions, 38 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
13% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 38
2.12% more ownership
Funds ownership: 94.15% → 96.27% (+2.1%)
2% more funds holding
Funds holding: 98 → 100 (+2)
3% more call options, than puts
Call options by funds: $37K | Put options by funds: $36K
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less capital invested
Capital invested by funds: $2.12B → $1.93B (-$194M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$14.5M |
| 2 |
SM
Sunriver Management
Greenwich,
Connecticut
|
+$13.2M |
| 3 |
CP
CenterBook Partners
Greenwich,
Connecticut
|
+$4.38M |
| 4 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$4.36M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$11M |
| 2 |
BMSSC
B. Metzler seel. Sohn & Co
Frankfurt,
Germany
|
-$5.41M |
| 3 |
SLG
Silver Lake Group
Menlo Park,
California
|
-$4.69M |
| 4 |
BlackRock
New York
|
-$2.43M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.33M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
UBS Group
Zurich,
Switzerland
| – | -$569K | -36,941 | Closed |
|
102
Tudor Investment Corp
Stamford,
Connecticut
| – | -$156K | -10,155 | Closed |
|
103
CI Investments Inc
Toronto,
Ontario, Canada
| – | -$62K | -4,000 | Closed |
|
|
C
104
Covestor
London,
United Kingdom
| – | -$49.6K | -3,418 | -100% |
|
|
BTI
105
Blue Trust Inc
Alpharetta,
Georgia
| – | -$16K | -1,166 | Closed |
|
106
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$3.08K | -200 | Closed |
|
|
DI
107
Disciplined Investments
Tulsa,
Oklahoma
| – | -$123 | -8 | Closed |
|
|
SFG
108
Steward Financial Group
Colleyville,
Texas
| – | +$1.03K | +71 | New |
|
FA Hedge Fund Activity: Q3 2023 in Review
100 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q3 2023, worth a combined $1.93B — down 9.2% from $2.12B a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FA positions and 8 closed out — a net gain of 2 holders — while 43 added to existing stakes and 38 trimmed.
The largest buyer was American Century Companies, adding an estimated $14.5M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $11M.
- 100 institutional investors held First Advantage (FA) as of Q3 2023, up from 98 in Q2 2023.
- Funds reported $1.93B of First Advantage stock for Q3 2023, down 9.2% quarter-over-quarter.
- 10 funds opened new First Advantage positions in Q3 2023 and 8 closed out, a net change of +2 holders.
- The largest First Advantage buyer in Q3 2023 was American Century Companies, an estimated $14.5M added.
- The largest First Advantage seller in Q3 2023 was Thrivent Financial for Lutherans, an estimated $11M sold.
Based on aggregated 13F filings for Q3 2023.