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 12 funds opening new positions, 40 increasing their positions, 32 reducing their positions, and 18 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 32
8% more capital invested
Capital invested by funds: $1.79B → $1.94B (+$143M)
3.05% more ownership
Funds ownership: 90.83% → 93.88% (+3.1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less funds holding
Funds holding: 103 → 96 (-7)
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
+$10.2M |
| 2 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$6.43M |
| 3 |
JP Morgan Chase
New York
|
+$6.41M |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$5.38M |
| 5 |
RA
Royce & Associates
New York
|
+$2.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
-$11.5M |
| 2 |
Goldman Sachs
New York
|
-$8.76M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.59M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$3.75M |
| 5 |
Millennium Management
New York
|
-$3.75M |
FA Hedge Fund Activity: Q1 2023 in Review
96 of the 6,285 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 12 opened new positions — a net loss of 6 holders — while 32 trimmed existing stakes and 40 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 103 in Q4 2022.
- Funds reported $1.94B of First Advantage stock for Q1 2023, up 8% quarter-over-quarter.
- 12 funds opened new First Advantage positions in Q1 2023 and 18 closed out, a net change of -6 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.