ADVENT INTERNATIONAL CORP/MA

Private Equity

ADVENT INTERNATIONAL CORP/MA is a Private Equity based in Boston, MA led by Susan Anne Gentile, reporting $82.5B in AUM as of Q3 2025 with 55% Unknown concentration, 90% concentrated in top 10 holdings, and 47% allocation to NIQ.

CFOSusan Anne Gentile

Portfolio Value: $5.0B
Positions: 25
Top Holding: NIQ at 47.23%
Last Reported: Q3 2025

Address800 Boylston Street, 33rd Floor, Boston, MA, 02199, United States

Top Holdings

Largest long holdings in ADVENT INTERNATIONAL CORP/MA's portfolio (89.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 NIQ Nuveen Intermediate Duration Quality Municipal Term Fund NIQ	Unknown Unknown	$2.3B	47.23%	+$2.3B New	50.64% 149.4M shares	Q3 2025 Held for 2 months
2 Olaplex Holdings, Inc. OLPX	Specialty Retail Consumer Cyclical	$654.3M	13.18%	—	74.87% 499.5M shares	Q3 2021 Held for 4y 2m
3 CCC CCC Intelligent Solutions Holdings Inc. CCC	Unknown Unknown	$340.2M	6.85%	+$340.2M Bought	— 37.3M shares	Q3 2025 Held for 2 months
4 CI&T CINT	Software - Infrastructure Technology	$255.6M	5.15%	—	36.88% 49.6M shares	Q1 2023 Held for 2y 8m
5 Definitive Healthcare Corp. DH	Medical - Healthcare Information Services Healthcare	$253.7M	5.11%	—	60.04% 62.5M shares	Q3 2021 Held for 4y 2m
6 Nu Holdings NU	Banks - Diversified Financial Services	$161.0M	3.24%	-$27.9M Sold	0.21% 10.1M shares	Q4 2021 Held for 3y 11m
7 Carpenter Technology CRS	Manufacturing - Metal Fabrication Industrials	$137.0M	2.76%	-$28.8M Sold	1.12% 557.9K shares	Q4 2023 Held for 1y 11m
8 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$125.2M	2.52%	+$53.4M Bought	— 448.3K shares	Q2 2025 Held for 5 months
9 Blue Owl Capital OWL	Asset Management Financial Services	$92.7M	1.87%	+$7.5M Bought	0.84% 5.5M shares	Q3 2023 Held for 2y 2m
10 First Watch Restaurant Group, Inc. FWRG	Restaurants Consumer Cyclical	$82.7M	1.67%	-$147.0M Sold	8.67% 5.3M shares	Q4 2021 Held for 3y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in ADVENT INTERNATIONAL CORP/MA's latest filing

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Market Value

$5.0B

Prior: $3.1B

Q/Q Change

+61.11%

+$1.9B

Net Flows % of MV

+31.87%

Turnover Ratio

37.79%

New Purchases

4 stocks

$2.4B

Added To

5 stocks

+$65.1M

Sold Out Of

2 stocks

$635.8M

Reduced Holdings

8 stocks

-$271.4M

Increased Positions

Position	Shares Δ	Change
1 NIQ Nuveen Intermediate Duration Quality Municipal Term Fund NIQ	New	0 → 149.4M +$2.3B
2 Solaris Energy Infrastructure SEI	New	0 → 1.0M +$40.2M
3 Equitable Holdings EQH	New	0 → 529.6K +$26.9M
4 Synopsys SNPS	New	0 → 25.5K +$12.6M
5 Taiwan Semiconductor Manufacturing Company TSM	+74.47%	257.0K → 448.3K +$53.4M

Decreased Positions

Position	Shares Δ	Change
1 CCC Intelligent Solutions Holdings Inc. CCCS	Sold	67.3M → 0 −$633.7M
2 ATI Physical Therapy ATIP	Sold	2.3M → 0 −$2.1M
3 Ares Management Corporation ARES	-76.68%	157.5K → 36.7K −$19.3M
4 First Watch Restaurant Group, Inc. FWRG	-63.99%	14.7M → 5.3M −$147.0M
5 Marvell Technology, Inc. MRVL	-38.52%	1.1M → 653.6K −$34.4M