First Advantage
111 hedge funds and large institutions have $2.36B invested in First Advantage in 2024 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 38 increasing their positions, 33 reducing their positions, and 11 closing their positions.
10,500% more call options, than puts
Call options by funds: $530K | Put options by funds: $5K
127% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 11
15% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 33
14% more funds holding
Funds holding: 97 → 111 (+14)
2.12% more ownership
Funds ownership: 98.12% → 100.24% (+2.1%)
0% more capital invested
Capital invested by funds: $2.36B → $2.36B (+$782K)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$30.9M |
| 2 |
SM
Sunriver Management
Greenwich,
Connecticut
|
+$18.2M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$17M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$10.5M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$8.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$32.4M |
| 2 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
-$16.4M |
| 3 |
JP Morgan Chase
New York
|
-$7.88M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$6.6M |
| 5 |
Morgan Stanley
New York
|
-$1.72M |
FA Hedge Fund Activity: Q1 2024 in Review
111 of the 6,960 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q1 2024, worth a combined $2.36B — up 0.03% from $2.36B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new FA positions and 11 closed out — a net gain of 14 holders — while 38 added to existing stakes and 33 trimmed.
The largest buyer was Macquarie Group, opening a new position worth an estimated $30.9M. The largest seller was Fidelity Investments, cutting an estimated $32.4M.
- 111 institutional investors held First Advantage (FA) as of Q1 2024, up from 97 in Q4 2023.
- Funds reported $2.36B of First Advantage stock for Q1 2024, up 0.03% quarter-over-quarter.
- 25 funds opened new First Advantage positions in Q1 2024 and 11 closed out, a net change of +14 holders.
- The largest First Advantage buyer in Q1 2024 was Macquarie Group, an estimated $30.9M added.
- The largest First Advantage seller in Q1 2024 was Fidelity Investments, an estimated $32.4M sold.
Based on aggregated 13F filings for Q1 2024.