First Advantage
148 hedge funds and large institutions have $2.77B invested in First Advantage in 2025 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 48 increasing their positions, 58 reducing their positions, and 26 closing their positions.
300% more call options, than puts
Call options by funds: $16K | Put options by funds: $4K
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.45% less ownership
Funds ownership: 109.79% → 109.34% (-0.45%)
4% less funds holding
Funds holding: 154 → 148 (-6)
6% less capital invested
Capital invested by funds: $2.94B → $2.77B (-$173M)
12% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 26
17% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 58
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$11M |
| 2 |
SG Americas Securities
New York
|
+$10.8M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$8.07M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$7.93M |
| 5 |
SM
Sunriver Management
Greenwich,
Connecticut
|
+$4.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$27.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$9.91M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$5.94M |
| 4 |
CA
Cortland Associates
St Louis,
Missouri
|
-$5.63M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$4.71M |
FA Hedge Fund Activity: Q4 2025 in Review
148 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q4 2025, worth a combined $2.77B — down 5.9% from $2.94B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of FA and 23 opened new positions — a net loss of 3 holders — while 58 trimmed existing stakes and 48 added.
The largest buyer was Capital World Investors, adding an estimated $11M. The largest seller was Macquarie Group, exiting entirely with an estimated $27.7M sold.
- 148 institutional investors held First Advantage (FA) as of Q4 2025, down from 154 in Q3 2025.
- Funds reported $2.77B of First Advantage stock for Q4 2025, down 5.9% quarter-over-quarter.
- 23 funds opened new First Advantage positions in Q4 2025 and 26 closed out, a net change of -3 holders.
- The largest First Advantage buyer in Q4 2025 was Capital World Investors, an estimated $11M added.
- The largest First Advantage seller in Q4 2025 was Macquarie Group, an estimated $27.7M sold.
Based on aggregated 13F filings for Q4 2025.