First Advantage Corporation

FA • NASDAQ

First Advantage Corporation is a specialty business services company in the industrials sector on NASDAQ, led by Bridgett R. Price, with a market cap of $2.5B. As of Q3 2025, 110% of shares are held by 149 institutional investors, with Silver Lake Group, L.L.C. as the largest holder at 51.47%.

Chief Executive OfficerBridgett R. Price

Market Cap$2.5B

Specialty Business Services

Industrials

Employees5.0K

Websitefadv.com

Country

United States of America

Overview

Overview of institutional ownership in FA as of Q3 2025 with a market cap of $2.7B

All Institutions

Institutions: 149
Value Held: $2.9B
Shares Held: 191.0M
Avg Position: $19.7M
Median Position: $560.8K

Hedge Funds

Hedge Funds: 16
Value Held: $105.8M
Shares Held: 6.9M
Avg Position: $6.6M
Median Position: $1.0M

Ownership Breakdown

Institutional (non-HF)

105.81%

$2.8B

Hedge Funds

3.95%

$105.8M

Retail & Other

Based on market cap of $2.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Silver Lake Group, L.L.C. RIA/Wealth	David Timothy Malleck Managing Partner	$1.4B 26.84% of portfolio	51.47% 89.6M shares	Q2 2021 Held for 4y 5m	$5.1B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$205.9M 0.02% of portfolio	7.69% 13.4M shares	Q4 2022 Held for 2y 11m	$912.31B
C Capital World Investors Institution	-	$128.0M 0.02% of portfolio	4.78% 8.3M shares	Q3 2024 Held for 1y 2m	$730.00B
FMR LLC Institution	-	$125.6M 0.01% of portfolio	4.69% 8.2M shares	Q2 2021 Held for 4y 5m	$1.92T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$117.2M 0.00% of portfolio	4.38% 7.6M shares	Q2 2021 Held for 4y 5m	$6.69T
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$95.8M 0.03% of portfolio	3.58% 6.2M shares	Q1 2022 Held for 3y 8m	$317.45B
B BlackRock, Inc. Institution	-	$89.0M 0.00% of portfolio	3.32% 5.8M shares	Q2 2021 Held for 4y 5m	$5.67T
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$75.1M 0.01% of portfolio	2.81% 4.9M shares	Q3 2022 Held for 3y 2m	$532.36B
BAMCO INC /NY/ Long Only Manager	Ronald Stephen Baron CEO	$57.7M 0.15% of portfolio	2.16% 3.8M shares	Q2 2021 Held for 4y 5m	$37.7B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$51.0M 0.00% of portfolio	1.91% 3.3M shares	Q2 2021 Held for 4y 5m	$1.56T

Net Capital Flow

Institutional buying and selling activity for FA in Q3 2025

Traded: +$67.2M
Buyers: 69
Sellers: 76
Total Bought: +$147.3M
Total Sold: −$80.2M
Avg Position: $17.0M

Biggest Buyers

Institution	Net Bought	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$57.4M +3.7M shares	$205.9M 13.4M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$14.9M +969.3K shares	$95.8M 6.2M shares
Sunriver Management LLC Hedge Fund•Long/Short	+$11.4M +741.9K shares	$36.2M 2.4M shares
Cat Rock Capital Management LP Hedge Fund•Long/Short	+$10.8M +702.5K shares	$47.2M 3.1M shares
C Capital World Investors Institution	+$4.6M +300.0K shares	$128.0M 8.3M shares
JPMORGAN CHASE & CO Institution	+$3.9M +255.6K shares	$51.0M 3.3M shares
CenterBook Partners LP Hedge Fund•Market Neutral	+$3.7M +241.4K shares	$6.1M 396.7K shares
GLUSKIN SHEFF & ASSOC INC Long Only Manager	+$3.7M +241.0K shares	$11.9M 772.1K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$3.6M +236.4K shares	$4.6M 300.6K shares
B BlackRock, Inc. Institution	+$3.6M +233.2K shares	$89.0M 5.8M shares

Biggest Sellers

Institution	Net Sold	Current Position
FMR LLC Institution	−$24.2M −1.6M shares	$125.6M 8.2M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$10.7M −693.7K shares	$38.9M 2.5M shares
MUTUAL OF AMERICA CAPITAL MANAGEMENT CORP Long Only Manager	−$5.9M −385.9K shares	$11.0M 717.7K shares
J JANE STREET GROUP, LLC Institution	−$3.3M −215.0K shares	$3.3M 212.9K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	−$2.6M −168.1K shares	$661.0K 42.9K shares
Capital Research Global Investors RIA/Wealth	−$2.5M −163.7K shares	$75.1M 4.9M shares
DIAMOND HILL CAPITAL MANAGEMENT INC Long Only Manager	−$2.5M −161.5K shares	$23.2M 1.5M shares
M MACQUARIE GROUP LTD Institution	−$2.4M −153.1K shares	$27.7M 1.8M shares
F FRED ALGER MANAGEMENT INC Long Only Manager	−$2.3M −147.7K shares	$26.9M 1.7M shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	−$1.8M −110.7K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FA in Q3 2025

New Positions: 8
New Value: $701.6K
Exited Positions: 21
Exited Value: $9.1M

New Positions

Institution	Position Value
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$328.5K 21.3K shares
SCS Capital Management LLC RIA/Wealth	$205.3K 13.3K shares
O OMERS ADMINISTRATION Corp Institution	$153.9K 10.0K shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	$9.6K 626.0 shares
O Optiver Holding B.V. Institution	$3.3K 216.0 shares
Rockefeller Capital Management L.P. Long Only Manager	$400.0 26.0 shares
R Root Financial Partners, LLC RIA/Wealth	$308.0 20.0 shares
Hanson McClain, Inc. RIA/Wealth	$262.0 17.0 shares

Exited Positions

Institution	Previous Position
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$1.8M 110.7K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.6M 96.2K shares
ARP AMERICAS LLC Hedge Fund•Multi-Strategy	$1.3M 77.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 64.3K shares
T TWO SIGMA SECURITIES, LLC Institution	$635.5K 38.3K shares
B Bayesian Capital Management, LP Hedge Fund•Quant	$425.7K 25.6K shares
Global Endowment Management, LP Fund of Funds	$383.8K 23.1K shares
B Bridgefront Capital, LLC Hedge Fund•Quant	$338.8K 20.4K shares
H HRT FINANCIAL LLC Institution	$277.6K 16.7K shares
B Brevan Howard Capital Management LP Institution	$238.6K 14.4K shares

Options Activity

Institutions with the largest Call and Put options positions in FA as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with FA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Silver Lake Group, L.L.C. RIA/Wealth	David Timothy Malleck Managing Partner	26.84% $1.4B	51.47% 89.6M shares	Q2 2021 Held for 4y 5m	$5.1B
Cat Rock Capital Management LP Hedge Fund•Long/Short	Alexander Salah Captain CEO	5.83% $47.2M	1.76% 3.1M shares	Q4 2022 Held for 2y 11m	$810.4M
Sunriver Management LLC Hedge Fund•Long/Short	Randolph Willett Cook Founder	3.93% $36.2M	1.35% 2.4M shares	Q3 2023 Held for 2y 2m	$920.0M
CORTLAND ASSOCIATES INC/MO RIA/Wealth	William Mckinley Carey President	2.68% $20.5M	0.77% 1.3M shares	Q4 2024 Held for 11 months	$767.0M
GLUSKIN SHEFF & ASSOC INC Long Only Manager	John Karl Mack Managing Partner	1.50% $11.9M	0.44% 772.1K shares	Q4 2024 Held for 11 months	$791.6M
Advantage Alpha Capital Partners LP Hedge Fund•Market Neutral	Anthony Pir Brenner Chairman	1.23% $4.1M	0.15% 264.7K shares	Q1 2024 Held for 1y 8m	$331.9M
PALISADE CAPITAL MANAGEMENT LLC/NJ Long Only Manager	Alison Anne Berman CEO	0.80% $25.9M	0.97% 1.7M shares	Q4 2023 Held for 1y 11m	$3.3B
H Herald Investment Management Ltd Institution	-	0.75% $5.6M	0.21% 365.0K shares	Q2 2023 Held for 2y 5m	$745.8M
EMERALD ADVISERS INC/PA Long Only Manager	Kenneth George Mertz CEO	0.69% $21.4M	0.80% 1.4M shares	Q2 2021 Held for 4y 5m	$3.1B
EMERALD MUTUAL FUND ADVISERS TRUST Long Only Manager	Stacey Lynn Sears President	0.63% $11.9M	0.44% 772.7K shares	Q2 2021 Held for 4y 5m	$1.9B