First Advantage Corp New (FA): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy First Advantage Corp New (FA) following the 2026 Q1 hedge fund 13F filings?

As of today, FA has moved +9.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.2% for the XLI sector ETF — an outperformance of +5.4%. Since the quarter end (March 31, 2026), FA gained +38.6% vs +10.5% 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)

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

Smart Money Signals — FA

Based on 161 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, 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

161 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 — +11% more funds vs a year ago

fund count last 6Q

+16 new funds entered over the past year (+11% 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

104 buying64 selling

Last quarter: 104 funds were net buyers (42 opened a brand new position + 62 added to an existing one). Only 64 were sellers (39 trimmed + 25 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+20 vs last Q)

new funds entering per quarter

Funds opening a new FA position: 33 → 14 → 22 → 42. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 28% medium ■ 27% new

72 out of 161 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.

💎

Buying through price weakness — shares -2%, value -21%

Value

-20%

-2%

Last quarter: funds added -2% more shares while total portfolio value only changed -21%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

📈

Growing discovery — still being found

27 → 33 → 14 → 22 → 42 new funds/Q

New funds entering each quarter: 33 → 14 → 22 → 42. A growing number of institutions are discovering FA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 50% veterans vs 31% newcomers

■ 50% veterans ■ 19% 1-2yr ■ 31% new

Entry-cohort mix of 161 holders: 80 (50%) are 2+ year veterans, 31 entered 1–2 years ago, and 50 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 25% AUM from major funds

25% from top-100 AUM funds

38 of 161 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.7

out of 10

Low Exit Risk

Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 Q1)	Prior (2025 Q4)	Change
Funds Holding	159	144	10.42%
13F Shares	186M	191M	-2.27%
Total Value	$2.03B	$2.57B	-20.88%
New Positions	41	22	+19
Increased Positions	61	47	+14
Closed Positions	26	23	+3
Reduced Positions	39	58	-19
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

159

144

10.42%

13F Shares

186M

191M

-2.27%

Total Value

$2.03B

$2.57B

-20.88%

New Positions

+19

Increased Positions

+14

Closed Positions

Reduced Positions

-19

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

159 + 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 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Silver Lake Group, L.L.C.	28.63%	89,557,840	$1.05B
2	Cat Rock Capital Management LP	7.73%	4,228,018	$49.7M
3	Sunriver Management LLC	6.03%	3,032,711	$35.7M
4	Onex Canada Asset Management Inc.	1.73%	885,773	$10.4M
5	Cortland Associates Inc/Mo	1.53%	905,339	$10.6M
6	Estuary Capital Management LP	1.10%	557,682	$6.6M
7	Leith Wheeler Investment Counsel Ltd.	0.71%	728,332	$8.6M
8	Palisade Capital Management, LP	0.67%	1,709,287	$20.1M
9	HERALD INVESTMENT MANAGEMENT Ltd	0.57%	350,000	$4.1M
10	Emerald Advisers, LLC	0.43%	1,147,865	$13.5M
11	Emerald Mutual Fund Advisers Trust	0.38%	672,716	$7.9M
12	BloombergSen Inc.	0.36%	398,847	$4.7M
13	Bamco Inc /Ny/	0.13%	3,750,173	$44.1M
14	North Star Asset Management Inc	0.11%	206,418	$2.4M
15	Foyston, Gordon & Payne Inc	0.09%	34,825	$410K
16	Polymer Capital Management (US) LLC	0.08%	66,255	$779K
17	Oxford Asset Management LLP	0.06%	12,641	$149K
18	Fred Alger Management, LLC	0.05%	990,668	$11.7M
19	Fox Run Management, L.L.C.	0.04%	20,862	$239K
20	Campbell & CO Investment Adviser LLC	0.04%	57,291	$674K
21	Alliancebernstein L.P.	0.04%	7,908,390	$114.9M
22	Boston Partners	0.03%	2,697,701	$31.5M
23	Ask Capital Management, LLC	0.03%	15,651	$184K
24	ExodusPoint Capital Management, LP	0.02%	208,568	$2.5M
25	Capital World Investors	0.02%	10,398,714	$122.3M

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 — 1 quarter in a row: For 1 consecutive quarter, 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: 104 funds were net buyers (42 opened a brand new position + 62 added to an existing one). Only 64 were sellers (39 trimmed + 25 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FA holders?

Strong quality — 25% AUM from major funds: 38 of 161 holders rank in the top 100 by AUM, accounting for 25% 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?

45% of holders stayed for 2+ years: 72 out of 161 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 Q1 hedge fund 13F filings?

As of today, FA has moved +9.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.2% for the XLI sector ETF — an outperformance of +5.4%. Since the quarter end (March 31, 2026), FA has gained +38.6% vs +10.5% 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 — 1 quarter in a row

At the ownership peak (100% of max)

Steady growth — +11% more funds vs a year ago

More buyers than sellers — 62% buying

More new buyers each quarter (+20 vs last Q)

45% of holders stayed for 2+ years

Buying through price weakness — shares -2%, value -21%

Growing discovery — still being found

Veteran-anchored — 50% veterans vs 31% newcomers

Strong quality — 25% 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 Q1)

Frequently Asked Questions — First Advantage Corp New (FA)

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