First Advantage Corporation
US ˙ NasdaqGS ˙ US31846B1089

SecurityFA / First Advantage Corporation
InstitutionMorgan Stanley
Latest Disclosed Ownership751,005 shares
Latest Disclosed Value $ 8,831,819
Morgan Stanley reports 11.43% increase in ownership of FA / First Advantage Corporation

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 751,005 shares of First Advantage Corporation (US:FA) valued at $8,831,819 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 673,970 shares of First Advantage Corporation. This represents a change in shares of 11.43% during the quarter. The current value of the position is $12,031,100 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F FIRST ADVANTAGE CORP COM 31846B108 751,005 77,035 11.43 8,832 -9.81 0.0005
2026-05-27 2025-12-31 13F/A-1 FIRST ADVANTAGE CORP COM 31846B108 673,970 257,302 61.75 9,793 52.71 0.0006
2026-02-13 2025-12-31 13F FIRST ADVANTAGE CORP COM 31846B108 673,970 257,302 9,793 0.0006
2026-05-27 2025-09-30 13F/A-1 FIRST ADVANTAGE CORP COM 31846B108 416,668 -35,778 -7.91 6,413 -14.68 0.0004
2025-11-14 2025-09-30 13F FIRST ADVANTAGE CORP COM 31846B108 416,668 -35,778 6,413 0.0004
2025-08-15 2025-06-30 13F FIRST ADVANTAGE CORP COM 31846B108 452,446 261,446 136.88 7,515 179.26 0.0005
2025-05-15 2025-03-31 13F FIRST ADVANTAGE CORP COM 31846B108 191,000 -78,455 -29.12 2,691 -46.67 0.0002
2025-05-15 2024-12-31 13F/A-1 FIRST ADVANTAGE CORP COM 31846B108 269,455 -21,487 -7.39 5,047 -12.62 0.0004
2025-02-14 2024-12-31 13F FIRST ADVANTAGE CORP COM 31846B108 269,455 -21,487 5,047 0.0004
2025-05-14 2024-09-30 13F/A-2 FIRST ADVANTAGE CORP COM 31846B108 290,942 -76,385 -20.79 5,775 -2.15 0.0004
2025-02-14 2024-09-30 13F/A-1 FIRST ADVANTAGE CORP COM 31846B108 290,942 -76,385 5,775 0.0004
2024-11-14 2024-09-30 13F FIRST ADVANTAGE CORP COM 31846B108 290,942 -76,385 5,775 0.0000
2025-05-14 2024-06-30 13F/A-2 FIRST ADVANTAGE CORP COM 31846B108 367,327 278,439 313.25 5,903 309.58 0.0005
2024-10-17 2024-06-30 13F/A-1 FIRST ADVANTAGE CORP COM 31846B108 367,327 278,439 5,903 0.0005
2024-08-14 2024-06-30 13F FIRST ADVANTAGE CORP COM 31846B108 367,327 278,439 5,903 0.0005
2024-10-17 2024-03-31 13F/A-2 FIRST ADVANTAGE CORP COM 31846B108 88,888 -105,562 -54.29 1,442 -55.28 0.0001
2024-08-16 2024-03-31 13F/A-1 FIRST ADVANTAGE CORP COM 31846B108 88,888 -105,562 1,442 0.0000
2024-05-15 2024-03-31 13F FIRST ADVANTAGE CORP COM 31846B108 88,888 -105,562 1,442 0.0001
2024-08-16 2023-12-31 13F/A-1 FIRST ADVANTAGE CORP COM 31846B108 194,450 34,533 21.59 3,222 46.12 0.0003
2024-02-13 2023-12-31 13F FIRST ADVANTAGE CORP COM 31846B108 194,450 34,533 3,222 0.0003
2023-11-15 2023-09-30 13F FIRST ADVANTAGE CORP COM 31846B108 159,917 103,727 184.60 2,205 154.91 0.0002
2023-08-14 2023-06-30 13F FIRST ADVANTAGE CORP COM 31846B108 56,190 12,537 28.72 866 42.04 0.0001
2023-05-15 2023-03-31 13F FIRST ADVANTAGE CORP COM 31846B108 43,653 8,588 24.49 609 33.85 0.0001
2023-02-14 2022-12-31 13F FIRST ADVANTAGE CORP COM 31846B108 35,065 -241,297 -87.31 456 -87.17 0.0001
2022-11-14 2022-09-30 13F FIRST ADVANTAGE CORP COM 31846B108 276,362 -54,386 -16.44 3,545 -15.39 0.0005
2022-10-27 2022-06-30 13F/A-1 FIRST ADVANTAGE CORP COM 31846B108 330,748 269,929 443.82 4,190 241.48 0.0005
2022-08-15 2022-06-30 13F FIRST ADVANTAGE CORP COM 31846B108 330,748 269,929 4,190 0.0005
2022-10-27 2022-03-31 13F/A-1 FIRST ADVANTAGE CORP COM 31846B108 60,819 -332 -0.54 1,227 5.41 0.0002
2022-05-13 2022-03-31 13F FIRST ADVANTAGE CORP COM 31846B108 60,819 -332 1,227 0.0002
2022-02-14 2021-12-31 13F FIRST ADVANTAGE CORP COM 31846B108 61,151 -12,700 -17.20 1,164 -17.27 0.0001
2021-11-15 2021-09-30 13F FIRST ADVANTAGE CORP COM 31846B108 73,851 69,011 1,425.85 1,407 1,365.63 0.0002
2021-08-23 2021-06-30 13F/A-1 FIRST ADVANTAGE CORP COM 31846B108 4,840 4,840 96 0.0000
2021-08-16 2021-06-30 13F FIRST ADVANTAGE CORP COM 31846B108 4,840 4,840 96 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.