First Advantage Corporation
US ˙ NasdaqGS ˙ US31846B1089

SecurityFA / First Advantage Corporation
InstitutionSilver Lake Group, L.L.C.
Latest Disclosed Ownership89,557,840 shares
Latest Disclosed Value $ 1,053,200,198
Silver Lake Group, L.L.C. ownership in FA / First Advantage Corporation

On May 15, 2026 - Silver Lake Group, L.L.C. filed a 13F-HR form disclosing ownership of 89,557,840 shares of First Advantage Corporation (US:FA) valued at $1,053,200,198 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 89,557,840 shares of First Advantage Corporation. This represents a change in shares of 0.00% during the quarter. The current value of the position is $1,434,716,597 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 89,557,840 0 0.00 1,053,200 -19.06 28.6289
2026-02-13 2025-12-31 13F FIRST ADVANTAGE CORP COM 31846B108 89,557,840 0 0.00 1,301,275 -5.59 25.8714
2025-11-14 2025-09-30 13F FIRST ADVANTAGE CORP COM 31846B108 89,557,840 0 0.00 1,378,295 -7.34 26.8420
2025-08-08 2025-06-30 13F FIRST ADVANTAGE CORP COM 31846B108 89,557,840 0 0.00 1,487,556 17.89 29.5669
2025-05-09 2025-03-31 13F FIRST ADVANTAGE CORP COM 31846B108 89,557,840 0 0.00 1,261,870 -24.77 22.8263
2025-02-07 2024-12-31 13F FIRST ADVANTAGE CORP COM 31846B108 89,557,840 0 0.00 1,677,418 -5.64 18.9195
2024-11-08 2024-09-30 13F FIRST ADVANTAGE CORP COM 31846B108 89,557,840 0 0.00 1,777,723 23.52 19.9575
2024-08-14 2024-06-30 13F FIRST ADVANTAGE CORP COM 31846B108 89,557,840 0 0.00 1,439,194 -0.92 17.6163
2024-05-14 2024-03-31 13F FIRST ADVANTAGE CORP COM 31846B108 89,557,840 0 0.00 1,452,628 -2.11 17.6392
2024-02-09 2023-12-31 13F FIRST ADVANTAGE CORP COM 31846B108 89,557,840 0 0.00 1,483,973 20.16 16.7566
2024-02-09 2023-09-30 13F/A-1 FIRST ADVANTAGE CORP COM 31846B108 89,557,840 -322,839 -0.36 1,235,003 -10.83 8.4127
2023-11-13 2023-09-30 13F FIRST ADVANTAGE CORP COM 31846B108 89,557,840 -322,839 1,235,003 8.4144
2023-08-14 2023-06-30 13F FIRST ADVANTAGE CORP COM 31846B108 89,880,679 0 0.00 1,385,061 10.39 9.3553
2023-05-12 2023-03-31 13F FIRST ADVANTAGE CORP COM 31846B108 89,880,679 0 0.00 1,254,734 7.38 9.0950
2023-02-10 2022-12-31 13F FIRST ADVANTAGE COM 31846B108 89,880,679 0 0.00 1,168,449 1.32 9.2391
2022-11-14 2022-09-30 13F FIRST ADVANTAGE COM 31846B108 89,880,679 0 0.00 1,153,169 1.26 10.4201
2022-08-12 2022-06-30 13F FIRST ADVANTAGE COM 31846B108 89,880,679 0 0.00 1,138,788 -37.25 8.8872
2022-05-13 2022-03-31 13F FIRST ADVANTAGE COM 31846B108 89,880,679 0 0.00 1,814,691 6.04 9.9806
2022-05-13 2021-12-31 13F/A-2 FIRST ADVANTAGE COM 31846B108 89,880,679 -20,853,334 -18.83 1,711,328 -18.87 8.0582
2022-02-14 2021-12-31 13F/A-1 FIRST ADVANTAGE COM 31846B108 89,880,679 -20,853,334 1,711,328 8.0596
2022-02-11 2021-12-31 13F FIRST ADVANTAGE COM 31846B108 89,880,679 -20,853,334 1,711,328 8.0603
2021-11-15 2021-09-30 13F FIRST ADVANTAGE COM 31846B108 110,734,013 0 0.00 2,109,483 -4.32 12.9502
2021-10-06 2021-06-30 13F/A-1 FIRST ADVANTAGE COM 31846B108 110,734,013 110,734,013 2,204,714 15.1288
2021-08-16 2021-06-30 13F FIRST ADVANTAGE COM 31846B108 110,734,013 110,734,013 2,204,714 14.2846
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.