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First Advantage

96 hedge funds and large institutions have $1.94B invested in First Advantage in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 41 increasing their positions, 32 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 32

8% more capital invested

Capital invested by funds: $1.79B → $1.94B (+$143M)

2.3% more ownership

Funds ownership: 91.58%93.88% (+2.3%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

8% less funds holding

Funds holding: 10496 (-8)

39% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 18

Holders
96
Holders Change
-8
Holders Change %
-7.69%
% of All Funds
1.53%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
11
Increased
41
Reduced
32
Closed
18
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SLG
1
Silver Lake Group
California
$1.25B
JP Morgan Chase
2
JP Morgan Chase
New York
$89.9M +$6.41M +472,818 +8%
Vanguard Group
3
Vanguard Group
Pennsylvania
$74M +$839K +61,822 +1%
Capital Research Global Investors
4
Capital Research Global Investors
California
$69.6M
BlackRock
5
BlackRock
New York
$56.9M -$1.94M -142,874 -3%
BAMCO Inc
6
BAMCO Inc
New York
$54.1M -$1.7M -125,000 -3%
Diamond Hill Capital Management
7
Diamond Hill Capital Management
Ohio
$45.3M +$6.43M +474,339 +17%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$37.6M -$2.26M -166,761 -6%
CRCM
9
Cat Rock Capital Management
Connecticut
$35.6M +$10.2M +749,500 +42%
Principal Financial Group
10
Principal Financial Group
Iowa
$24M -$118K -8,732 -0.5%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$23.2M +$7.05M +519,573 +46%
Thrivent Financial for Lutherans
12
Thrivent Financial for Lutherans
Minnesota
$21.6M +$561K +41,380 +3%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$17.1M +$478K +35,229 +3%
State Street
14
State Street
Massachusetts
$16.2M +$477K +35,161 +3%
Goldman Sachs
15
Goldman Sachs
New York
$12.2M -$8.76M -646,157 -42%
N
16
Nuveen
North Carolina
$11.2M -$11.5M -851,087 -51%
EA
17
Emerald Advisers
Pennsylvania
$9.69M -$1.84M -135,856 -16%
Northern Trust
18
Northern Trust
Illinois
$7.02M -$119K -8,796 -2%
EMFAT
19
Emerald Mutual Fund Advisers Trust
Pennsylvania
$6.44M -$490K -36,099 -7%
Charles Schwab
20
Charles Schwab
California
$6.01M +$678 +50 +0%
BGIM
21
Brandywine Global Investment Management
Pennsylvania
$5.53M +$5.38M +396,360 New
BMSSC
22
B. Metzler seel. Sohn & Co
Germany
$4.9M +$29.8K +2,200 +0.6%
Allspring Global Investments
23
Allspring Global Investments
North Carolina
$4.18M +$850K +62,703 +26%
VOYA Investment Management
24
VOYA Investment Management
Georgia
$3.98M -$77.7K -5,729 -2%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$3.96M -$192K -14,177 -5%

FA Hedge Fund Activity: Q1 2023 in Review

96 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q1 2023, worth a combined $1.94B — up 8% from $1.79B a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of FA and 11 opened new positions — a net loss of 7 holders — while 32 trimmed existing stakes and 41 added.

The largest buyer was Cat Rock Capital Management, adding an estimated $10.2M. The largest seller was Nuveen, cutting an estimated $11.5M.

  • 96 institutional investors held First Advantage (FA) as of Q1 2023, down from 104 in Q4 2022.
  • Funds reported $1.94B of First Advantage stock for Q1 2023, up 8% quarter-over-quarter.
  • 11 funds opened new First Advantage positions in Q1 2023 and 18 closed out, a net change of -7 holders.
  • The largest First Advantage buyer in Q1 2023 was Cat Rock Capital Management, an estimated $10.2M added.
  • The largest First Advantage seller in Q1 2023 was Nuveen, an estimated $11.5M sold.

Based on aggregated 13F filings for Q1 2023.