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First Advantage
FA

166 hedge funds and large institutions have $2.25B invested in First Advantage in 2026 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 63 increasing their positions, 40 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 24

58% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 40

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

12% more funds holding

Funds holding: 148 → 166 (+18)

0.76% less ownership

Funds ownership: 109.34% → 108.58% (-0.76%)

19% less capital invested

Capital invested by funds: $2.77B → $2.25B (-$520M)

Holders
166
Holders Change
+18
Holders Change %
+12.16%
% of All Funds
2.04%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
44
Increased
63
Reduced
40
Closed
24
Calls
$12K
Puts
–
Net Calls
+$12K
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$19.8M
2
Capital World Investors
Capital World Investors
California
+$15.9M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$14.2M
4
AllianceBernstein
AllianceBernstein
Tennessee
+$13.7M
5
CRCM
Cat Rock Capital Management
Connecticut
+$10.8M

Top Sellers

Rank Fund Capital Flow
1
Capital Research Global Investors
Capital Research Global Investors
California
-$70.7M
2
NAMI
Nomura Asset Management International
Pennsylvania
-$23.4M
3
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
-$20.7M
4
SG Americas Securities
SG Americas Securities
New York
-$11.3M
5
FAM
Fred Alger Management
New York
-$6.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
Truist Financial
176
Truist Financial
North Carolina
– -$256K -17,589 Closed
IC
177
Inscription Capital
Texas
– -$168K -11,559 Closed
CA
178
Clearstead Advisors
Ohio
– -$63K -4,333 Closed
AB
179
Amalgamated Bank
New York
– -$36K -2,489 Closed
SPIA
180
Steward Partners Investment Advisory
New York
– -$19.5K -1,344 Closed
FHC
181
First Horizon Corporation
Tennessee
– -$14K -966 Closed
BBHC
182
Brown Brothers Harriman & Co
New York
– -$12.4K -855 Closed
A
183
AlphaQuest
New York
– -$8.08K -556 Closed
ACM
184
Aster Capital Management
United Arab Emirates
– -$2.51K -173 Closed
Northwestern Mutual Wealth Management
185
Northwestern Mutual Wealth Management
Wisconsin
– -$1.15K -79 Closed
T. Rowe Price Investment Management
186
T. Rowe Price Investment Management
Maryland
– -$1K -61 Closed
Optiver Holding
187
Optiver Holding
Netherlands
– -$610 -42 Closed
Simplex Trading
188
Simplex Trading
Illinois
– -$334 -23 Closed
DPW
189
DiNuzzo Private Wealth
Pennsylvania
– -$44 -3 Closed
4 5 6 7
8

FA Hedge Fund Activity: Q1 2026 in Review

166 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q1 2026, worth a combined $2.25B — down 19% from $2.77B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new FA positions and 24 closed out — a net gain of 20 holders — while 63 added to existing stakes and 40 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $19.8M. The largest seller was Capital Research Global Investors, exiting entirely with an estimated $70.7M sold.

  • 166 institutional investors held First Advantage (FA) as of Q1 2026, up from 148 in Q4 2025.
  • Funds reported $2.25B of First Advantage stock for Q1 2026, down 19% quarter-over-quarter.
  • 44 funds opened new First Advantage positions in Q1 2026 and 24 closed out, a net change of +20 holders.
  • The largest First Advantage buyer in Q1 2026 was Fidelity Investments, an estimated $19.8M added.
  • The largest First Advantage seller in Q1 2026 was Capital Research Global Investors, an estimated $70.7M sold.

Based on aggregated 13F filings for Q1 2026.