First Advantage
120 hedge funds and large institutions have $1.81B invested in First Advantage in 2022 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 45 increasing their positions, 30 reducing their positions, and 11 closing their positions.
218% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 11
50% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 30
22% more funds holding
Funds holding: 98 → 120 (+22)
0.94% more ownership
Funds ownership: 92.35% → 93.29% (+0.94%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
37% less capital invested
Capital invested by funds: $2.85B → $1.81B (-$1.04B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$34.9M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$24.7M |
| 3 |
BAMCO Inc
New York
|
+$13.4M |
| 4 |
JP Morgan Chase
New York
|
+$8.85M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$8.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$33.2M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$28.1M |
| 3 |
ZP
Zimmer Partners
New York
|
-$20.2M |
| 4 |
Select Equity Group
New York
|
-$18.3M |
| 5 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$8.99M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Natixis Advisors
Boston,
Massachusetts
| – | -$292K | -14,476 | Closed |
|
127
Squarepoint
New York
| – | -$225K | -11,125 | Closed |
|
128
Teacher Retirement System of Texas
Austin,
Texas
| – | -$222K | -10,988 | Closed |
|
129
ProShare Advisors
Bethesda,
Maryland
| – | -$208K | -10,321 | Closed |
|
130
UBS Group
Zurich,
Switzerland
| – | -$5K | -234 | Closed |
|
|
C
131
Covestor
London,
United Kingdom
| – | -$79 | -5 | -21% |
|
FA Hedge Fund Activity: Q2 2022 in Review
120 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q2 2022, worth a combined $1.81B — down 37% from $2.85B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new FA positions and 11 closed out — a net gain of 24 holders — while 45 added to existing stakes and 30 trimmed.
The largest buyer was Diamond Hill Capital Management, opening a new position worth an estimated $34.9M. The largest seller was Capital World Investors, cutting an estimated $33.2M.
- 120 institutional investors held First Advantage (FA) as of Q2 2022, up from 98 in Q1 2022.
- Funds reported $1.81B of First Advantage stock for Q2 2022, down 37% quarter-over-quarter.
- 35 funds opened new First Advantage positions in Q2 2022 and 11 closed out, a net change of +24 holders.
- The largest First Advantage buyer in Q2 2022 was Diamond Hill Capital Management, an estimated $34.9M added.
- The largest First Advantage seller in Q2 2022 was Capital World Investors, an estimated $33.2M sold.
Based on aggregated 13F filings for Q2 2022.