First Advantage
152 hedge funds and large institutions have $2.58B invested in First Advantage in 2025 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 50 increasing their positions, 54 reducing their positions, and 19 closing their positions.
37% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 19
5% more funds holding
Funds holding: 145 → 152 (+7)
3.86% more ownership
Funds ownership: 101.68% → 105.54% (+3.9%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
7% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 54
22% less capital invested
Capital invested by funds: $3.29B → $2.58B (-$708M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $3K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$49.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$40.8M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$38.5M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$21.2M |
| 5 |
SM
Sunriver Management
Greenwich,
Connecticut
|
+$19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$34.9M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$18.7M |
| 3 |
BlackRock
New York
|
-$12.2M |
| 4 |
NIP
Norwood Investment Partners
Mill Valley,
California
|
-$5.65M |
| 5 |
AR
Advisory Research
Chicago,
Illinois
|
-$3.98M |
FA Hedge Fund Activity: Q1 2025 in Review
152 of the 7,473 institutional investors tracked by Wall St. Rank reported a position in First Advantage (FA) for Q1 2025, worth a combined $2.58B — down 22% from $3.29B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new FA positions and 19 closed out — a net gain of 7 holders — while 50 added to existing stakes and 54 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $49.4M. The largest seller was Wellington Management Group, cutting an estimated $34.9M.
- 152 institutional investors held First Advantage (FA) as of Q1 2025, up from 145 in Q4 2024.
- Funds reported $2.58B of First Advantage stock for Q1 2025, down 22% quarter-over-quarter.
- 26 funds opened new First Advantage positions in Q1 2025 and 19 closed out, a net change of +7 holders.
- The largest First Advantage buyer in Q1 2025 was T. Rowe Price Associates, an estimated $49.4M added.
- The largest First Advantage seller in Q1 2025 was Wellington Management Group, an estimated $34.9M sold.
Based on aggregated 13F filings for Q1 2025.