First Advantage
97 hedge funds and large institutions have $2.36B invested in First Advantage in 2023 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 35 increasing their positions, 37 reducing their positions, and 12 closing their positions.
23% more capital invested
Capital invested by funds: $1.93B → $2.36B (+$435M)
1.99% more ownership
Funds ownership: 96.27% → 98.25% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 37
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
3% less funds holding
Funds holding: 100 → 97 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$30.3M |
| 2 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$5.45M |
| 3 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
+$4.43M |
| 4 |
BlackRock
New York
|
+$4.16M |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$3.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$5.49M |
| 2 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$4.82M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$4.19M |
| 4 |
JP Morgan Chase
New York
|
-$2.94M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$2.79M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Los Angeles Capital Management
Los Angeles,
California
| – | -$378K | -27,421 | Closed |
|
102
Balyasny Asset Management
Chicago,
Illinois
| – | -$341K | -24,738 | Closed |
|
103
Citadel Advisors
Miami,
Florida
| – | -$310K | -22,457 | Closed |
|
|
SSA
104
Schonfeld Strategic Advisors
New York
| – | -$188K | -13,600 | Closed |
|
105
Stifel Financial
St. Louis,
Missouri
| – | -$174K | -12,600 | Closed |
|
|
SOW
106
State of Wyoming
Cheyenne,
Wyoming
| – | -$170K | -12,363 | Closed |
|
|
GAM
107
Gotham Asset Management
New York
| – | -$160K | -11,624 | Closed |
|
|
QT
108
Quantbot Technologies
New York
| – | -$60K | -4,351 | Closed |
|
|
C
109
Covestor
London,
United Kingdom
| – | -$15 | -1 | -8% |
|
FA Hedge Fund Activity: Q4 2023 in Review
97 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q4 2023, worth a combined $2.36B — up 23% from $1.93B a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FA and 11 opened new positions — a net loss of 1 holder — while 37 trimmed existing stakes and 35 added.
The largest buyer was Fidelity Investments, adding an estimated $30.3M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $5.49M.
- 97 institutional investors held First Advantage (FA) as of Q4 2023, down from 100 in Q3 2023.
- Funds reported $2.36B of First Advantage stock for Q4 2023, up 23% quarter-over-quarter.
- 11 funds opened new First Advantage positions in Q4 2023 and 12 closed out, a net change of -1 holder.
- The largest First Advantage buyer in Q4 2023 was Fidelity Investments, an estimated $30.3M added.
- The largest First Advantage seller in Q4 2023 was Thrivent Financial for Lutherans, an estimated $5.49M sold.
Based on aggregated 13F filings for Q4 2023.