First Advantage
119 hedge funds and large institutions have $2.37B invested in First Advantage in 2024 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 44 increasing their positions, 35 reducing their positions, and 17 closing their positions.
140% more call options, than puts
Call options by funds: $520K | Put options by funds: $217K
59% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 17
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
26% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 35
7% more funds holding
Funds holding: 111 → 119 (+8)
1.38% more ownership
Funds ownership: 100.24% → 101.62% (+1.4%)
0% more capital invested
Capital invested by funds: $2.36B → $2.37B (+$10.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$15.1M |
| 2 |
FAM
Fred Alger Management
New York
|
+$12.9M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$11.5M |
| 4 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
+$5.7M |
| 5 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$4.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$21.1M |
| 2 |
CP
CenterBook Partners
Greenwich,
Connecticut
|
-$3.38M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.53M |
| 4 |
SM
Sunriver Management
Greenwich,
Connecticut
|
-$1.49M |
| 5 |
Renaissance Technologies
New York
|
-$1.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Voloridge Investment Management
Jupiter,
Florida
| – | -$408K | -25,127 | Closed |
|
|
DFCM
127
Dark Forest Capital Management
San Juan,
Puerto Rico
| – | -$379K | -23,386 | Closed |
|
|
MFS
128
Mirabella Financial Services
London,
United Kingdom
| – | -$356K | -22,081 | Closed |
|
|
PP
129
Paloma Partners
Greenwich,
Connecticut
| – | -$357K | -22,006 | Closed |
|
|
MM
130
MQS Management
New York
| – | -$334K | -20,601 | Closed |
|
|
NL
131
NKCFO LLC
Geneva,
Illinois
| – | -$324K | -20,000 | Closed |
|
|
SO
132
STRS Ohio
Columbus,
Ohio
| – | -$308K | -19,000 | Closed |
|
|
MLICM
133
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$47.4K | -2,921 | Closed |
|
|
EC
134
EntryPoint Capital
New York
| – | -$45.1K | -2,781 | Closed |
|
|
AWM
135
Avior Wealth Management
Omaha,
Nebraska
| – | -$178 | -11 | Closed |
|
FA Hedge Fund Activity: Q2 2024 in Review
119 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q2 2024, worth a combined $2.37B — up 0.46% from $2.36B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FA positions and 17 closed out — a net gain of 10 holders — while 44 added to existing stakes and 35 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $15.1M. The largest seller was American Century Companies, cutting an estimated $21.1M.
- 119 institutional investors held First Advantage (FA) as of Q2 2024, up from 111 in Q1 2024.
- Funds reported $2.37B of First Advantage stock for Q2 2024, up 0.46% quarter-over-quarter.
- 27 funds opened new First Advantage positions in Q2 2024 and 17 closed out, a net change of +10 holders.
- The largest First Advantage buyer in Q2 2024 was Fidelity Investments, an estimated $15.1M added.
- The largest First Advantage seller in Q2 2024 was American Century Companies, an estimated $21.1M sold.
Based on aggregated 13F filings for Q2 2024.