First Advantage
127 hedge funds and large institutions have $2.98B invested in First Advantage in 2024 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 45 increasing their positions, 36 reducing their positions, and 17 closing their positions.
53% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 17
26% more capital invested
Capital invested by funds: $2.37B → $2.98B (+$606M)
25% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 36
7% more funds holding
Funds holding: 119 → 127 (+8)
1.53% more ownership
Funds ownership: 101.62% → 103.16% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$33.7M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$26.9M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$13.2M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$12.2M |
| 5 |
NIP
Norwood Investment Partners
Mill Valley,
California
|
+$6.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$34.9M |
| 2 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
-$15M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$4.84M |
| 4 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
-$4.75M |
| 5 |
SM
Sunriver Management
Greenwich,
Connecticut
|
-$3.52M |
FA Hedge Fund Activity: Q3 2024 in Review
127 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q3 2024, worth a combined $2.98B — up 26% from $2.37B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new FA positions and 17 closed out — a net gain of 9 holders — while 45 added to existing stakes and 36 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $33.7M. The largest seller was JP Morgan Chase, cutting an estimated $34.9M.
- 127 institutional investors held First Advantage (FA) as of Q3 2024, up from 119 in Q2 2024.
- Funds reported $2.98B of First Advantage stock for Q3 2024, up 26% quarter-over-quarter.
- 26 funds opened new First Advantage positions in Q3 2024 and 17 closed out, a net change of +9 holders.
- The largest First Advantage buyer in Q3 2024 was Fidelity Investments, an estimated $33.7M added.
- The largest First Advantage seller in Q3 2024 was JP Morgan Chase, an estimated $34.9M sold.
Based on aggregated 13F filings for Q3 2024.