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First Advantage

104 hedge funds and large institutions have $1.79B invested in First Advantage in 2022 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 35 increasing their positions, 36 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

3% less capital invested

Capital invested by funds: $1.85B → $1.79B (-$51.3M)

3% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 36

2.27% less ownership

Funds ownership: 93.85%91.58% (-2.3%)

7% less funds holding

Funds holding: 112104 (-8)

31% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 26

Holders
104
Holders Change
-8
Holders Change %
-7.14%
% of All Funds
1.67%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
18
Increased
35
Reduced
36
Closed
26
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SLG
1
Silver Lake Group
California
$1.17B
JP Morgan Chase
2
JP Morgan Chase
New York
$77.6M +$7.59M +581,576 +11%
Vanguard Group
3
Vanguard Group
Pennsylvania
$68.1M -$373K -28,572 -0.5%
Capital Research Global Investors
4
Capital Research Global Investors
California
$64.8M +$26.5M +2,031,487 +69%
BlackRock
5
BlackRock
New York
$54.8M +$2.42M +184,987 +5%
BAMCO Inc
6
BAMCO Inc
New York
$52M
Fidelity Investments
7
Fidelity Investments
Massachusetts
$37.1M -$2.48M -189,842 -6%
Diamond Hill Capital Management
8
Diamond Hill Capital Management
Ohio
$36M +$7.39M +565,996 +26%
CRCM
9
Cat Rock Capital Management
Connecticut
$23.4M +$23.5M +1,798,000 New
Principal Financial Group
10
Principal Financial Group
Iowa
$22.5M -$1.66M -127,102 -7%
N
11
Nuveen
North Carolina
$21.5M -$7.84M -600,279 -27%
Goldman Sachs
12
Goldman Sachs
New York
$19.8M -$2.31M -176,956 -10%
Thrivent Financial for Lutherans
13
Thrivent Financial for Lutherans
Minnesota
$19.5M +$4.71M +360,748 +32%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$15.5M +$695K +53,228 +5%
State Street
15
State Street
Massachusetts
$14.6M +$961K +73,599 +7%
EA
16
Emerald Advisers
Pennsylvania
$10.8M -$3.28M -251,262 -23%
Northern Trust
17
Northern Trust
Illinois
$6.65M +$47.4K +3,627 +0.7%
EMFAT
18
Emerald Mutual Fund Advisers Trust
Pennsylvania
$6.46M +$226K +17,336 +4%
Deutsche Bank
19
Deutsche Bank
Germany
$5.9M +$23.7K +1,815 +0.4%
Charles Schwab
20
Charles Schwab
California
$5.59M +$71.2K +5,455 +1%
BMSSC
21
B. Metzler seel. Sohn & Co
Germany
$4.54M
Bank of New York Mellon
22
Bank of New York Mellon
New York
$3.87M +$830K +63,580 +27%
VOYA Investment Management
23
VOYA Investment Management
Georgia
$3.78M +$1.61M +123,667 +74%
Alyeska Investment Group
24
Alyeska Investment Group
Illinois
$3.75M -$148K -11,340 -4%
Millennium Management
25
Millennium Management
New York
$3.75M +$3.76M +288,259 New

FA Hedge Fund Activity: Q4 2022 in Review

104 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q4 2022, worth a combined $1.79B — down 2.8% from $1.85B a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of FA and 18 opened new positions — a net loss of 8 holders — while 36 trimmed existing stakes and 35 added.

The largest buyer was Capital Research Global Investors, adding an estimated $26.5M. The largest seller was Capital World Investors, exiting entirely with an estimated $32.2M sold.

  • 104 institutional investors held First Advantage (FA) as of Q4 2022, down from 112 in Q3 2022.
  • Funds reported $1.79B of First Advantage stock for Q4 2022, down 2.8% quarter-over-quarter.
  • 18 funds opened new First Advantage positions in Q4 2022 and 26 closed out, a net change of -8 holders.
  • The largest First Advantage buyer in Q4 2022 was Capital Research Global Investors, an estimated $26.5M added.
  • The largest First Advantage seller in Q4 2022 was Capital World Investors, an estimated $32.2M sold.

Based on aggregated 13F filings for Q4 2022.