First Advantage Corp New (FA) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy First Advantage Corp New (FA) following the 2026 Q2 hedge fund 13F filings?

As of today, FA has moved -4.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -9.0% for the XLI sector ETF — an outperformance of +5.0%. Since the quarter end (June 30, 2026), FA gained +14.8% vs -8.4% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

First Advantage Corp New (FA)

175 + Investors. Track Smart Money conviction in FA. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — FA

Based on 177 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds added FA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

177 hedge funds hold FA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q

+24 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 62% buying

113 buying69 selling

Last quarter: 113 funds were net buyers (42 opened a brand new position + 71 added to an existing one). Only 69 were sellers (41 trimmed + 28 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~42 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 14 → 22 → 44 → 42. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

43% of holders stayed for 2+ years

■ 43% conviction (2yr+) ■ 26% medium ■ 31% new

76 out of 177 hedge funds have held FA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💰

Value +64% but shares only +7% — price-driven

Value

+64%

+7%

Last quarter: the total dollar value of institutional holdings rose +64%, but actual share count only changed +7%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

🚀

Acceleration phase — new buyers rushing in

33 → 14 → 22 → 44 → 42 new funds/Q

New funds entering each quarter: 14 → 22 → 44 → 42. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.

🏛️

Veteran-anchored — 45% veterans vs 32% newcomers

■ 45% veterans ■ 23% 1-2yr ■ 32% new

Entry-cohort mix of 177 holders: 79 (45%) are 2+ year veterans, 41 entered 1–2 years ago, and 57 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds

44 of 177 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

4.1

out of 10

Moderate Exit Risk

Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	175	163	7.36%
13F Shares	198M	186M	6.49%
Total Value	$3.25B	$2.03B	59.69%
New Positions	42	44	-2
Increased Positions	69	62	+7
Closed Positions	30	25	+5
Reduced Positions	41	39	+2
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

175

163

7.36%

13F Shares

198M

186M

6.49%

Total Value

$3.25B

$2.03B

59.69%

New Positions

-2

Increased Positions

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

175 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FA. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 FA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Silver Lake Group, L.L.C.	35.30%	89,557,840	$1.62B
2	Cat Rock Capital Management LP	17.71%	4,228,018	$76.3M
3	Sunriver Management LLC	5.50%	1,940,912	$35.0M
4	Cortland Associates Inc/Mo	2.30%	881,185	$15.9M
5	Onex Canada Asset Management Inc.	1.92%	692,378	$12.5M
6	Leith Wheeler Investment Counsel Ltd.	0.99%	721,906	$13.0M
7	Emerald Advisers, LLC	0.93%	2,188,875	$39.5M
8	Emerald Mutual Fund Advisers Trust	0.90%	1,425,858	$25.7M
9	Estuary Capital Management LP	0.90%	294,286	$5.3M
10	HERALD INVESTMENT MANAGEMENT Ltd	0.76%	312,500	$5.6M
11	Palisade Capital Management, LP	0.63%	805,144	$14.5M
12	BloombergSen Inc.	0.54%	398,847	$7.2M
13	North Star Asset Management Inc	0.14%	194,065	$3.5M
14	Foyston, Gordon & Payne Inc	0.13%	34,825	$629K
15	Bamco Inc /Ny/	0.09%	3,502,140	$63.2M
16	Mirabella Financial Services LLP	0.09%	49,666	$896K
17	Campbell & CO Investment Adviser LLC	0.08%	81,277	$1.5M
18	Easterly Investment Partners LLC	0.06%	68,800	$1.2M
19	Boston Partners	0.05%	3,230,897	$59.5M
20	Ask Capital Management, LLC	0.04%	15,651	$283K
21	Alliancebernstein L.P.	0.03%	7,620,910	$89.6M
22	Capital World Investors	0.02%	10,690,358	$193.0M
23	Mangrove Partners IM, LLC	0.02%	17,737	$320K
24	Ci Investments INC.	0.02%	346,050	$6.2M
25	American Century Companies Inc	0.02%	2,277,976	$41.1M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — First Advantage Corp New (FA)

What does the Smart Money Trend signal show for FA?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added FA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FA?

More buyers than sellers — 62% buying: Last quarter: 113 funds were net buyers (42 opened a brand new position + 71 added to an existing one). Only 69 were sellers (41 trimmed + 28 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FA holders?

Strong quality — 33% AUM from major funds: 44 of 177 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FA?

43% of holders stayed for 2+ years: 76 out of 177 hedge funds have held FA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy First Advantage Corp New (FA) following the 2026 Q2 hedge fund 13F filings?

As of today, FA has moved -4.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -9.0% for the XLI sector ETF — an outperformance of +5.0%. Since the quarter end (June 30, 2026), FA has gained +14.8% vs -8.4% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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First Advantage Corp New (FA)

Smart Money Signals — FA

Buying streak — 2 quarters in a row

At the ownership peak (100% of max)

Steady growth — +16% more funds vs a year ago

More buyers than sellers — 62% buying

Steady new buyers — ~42 new funds per quarter

43% of holders stayed for 2+ years

Value +64% but shares only +7% — price-driven

Acceleration phase — new buyers rushing in

Veteran-anchored — 45% veterans vs 32% newcomers

Strong quality — 33% AUM from major funds

Institutional Sentiment Summary — FA

Hedge Fund Ownership: FA

Market Analysis: FA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FA

Is It Too Late to Buy First Advantage Corp New (FA) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: FA

Statistics: FA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — First Advantage Corp New (FA)

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