First Advantage
112 hedge funds and large institutions have $1.85B invested in First Advantage in 2022 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 37 increasing their positions, 41 reducing their positions, and 24 closing their positions.
2% more capital invested
Capital invested by funds: $1.81B → $1.85B (+$38M)
0.56% more ownership
Funds ownership: 93.29% → 93.85% (+0.56%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 41
7% less funds holding
Funds holding: 120 → 112 (-8)
33% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$41.1M |
| 2 |
JP Morgan Chase
New York
|
+$9.26M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$5.87M |
| 4 |
BlackRock
New York
|
+$4.8M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZP
Zimmer Partners
New York
|
-$9.5M |
| 2 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$8.63M |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$7.02M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$6.85M |
| 5 |
Millennium Management
New York
|
-$4.98M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PTC
126
Petrus Trust Company
Dallas,
Texas
| – | -$166K | -13,121 | Closed |
|
127
State of Wisconsin Investment Board
Madison,
Wisconsin
| – | -$164K | -12,907 | Closed |
|
128
Verition Fund Management
Greenwich,
Connecticut
| – | -$163K | -12,891 | Closed |
|
|
CIP
129
Cornerstone Investment Partners
Atlanta,
Georgia
| – | -$153K | -12,040 | Closed |
|
|
RP
130
Repertoire Partners
New York
| – | -$63K | -4,963 | Closed |
|
|
SOW
131
State of Wyoming
Cheyenne,
Wyoming
| – | -$42K | -3,328 | Closed |
|
132
Lazard Asset Management
New York
| – | -$19K | -1,508 | Closed |
|
|
CP
133
Castleview Partners
Dallas,
Texas
| – | -$59K | -1,114 | Closed |
|
|
CA
134
CoreCap Advisors
Southfield,
Michigan
| – | -$6K | -500 | Closed |
|
|
C
135
Covestor
London,
United Kingdom
| – | +$28 | +2 | +11% |
|
|
BTI
136
Blue Trust Inc
Alpharetta,
Georgia
| – | +$167 | +12 | New |
|
FA Hedge Fund Activity: Q3 2022 in Review
112 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q3 2022, worth a combined $1.85B — up 2.1% from $1.81B a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of FA and 16 opened new positions — a net loss of 8 holders — while 41 trimmed existing stakes and 37 added.
The largest buyer was Capital Research Global Investors, opening a new position worth an estimated $41.1M. The largest seller was Zimmer Partners, exiting entirely with an estimated $9.5M sold.
- 112 institutional investors held First Advantage (FA) as of Q3 2022, down from 120 in Q2 2022.
- Funds reported $1.85B of First Advantage stock for Q3 2022, up 2.1% quarter-over-quarter.
- 16 funds opened new First Advantage positions in Q3 2022 and 24 closed out, a net change of -8 holders.
- The largest First Advantage buyer in Q3 2022 was Capital Research Global Investors, an estimated $41.1M added.
- The largest First Advantage seller in Q3 2022 was Zimmer Partners, an estimated $9.5M sold.
Based on aggregated 13F filings for Q3 2022.