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What smart money is saying about First AdvantageUnited States flag

FA · Industrials · Specialty Business Services · Market cap $2.62B

1 fund in our archive has pitched First Advantage — most recently Optimist Fund in March 2025.

Company profile

First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products. The company also provides post-onboarding solutions, including criminal records monitoring, healthcare sanctions, motor vehicle records, social media screening, and global sanctions and licenses; and fleet/vehicle compliance, hiring tax credits and incentives, resident/tenant screening, and investigative research. Its products and solutions are used by personnel in recruiting, human resources, risk, compliance, vendor management, safety, and/or security in global enterprises, mid-sized, and small companies. The company was formerly known as Fastball Intermediate, Inc. and changed its name to First Advantage Corporation in March 2021. First Advantage Corporation was founded in 2003 and is headquartered in Atlanta, Georgia.

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2
Reported positions
0
Bought
0
Sold
3
Letters

Position history

Between Q1 2025 and Q2 2026, 2 fund letters reported a position in First Advantage, with no move described.

Fund letters reporting a position in First Advantage, by quarter
QuarterLettersBoughtSoldTheses
Q2 20262000
Q1 20250001

Fund activity · 2 positions

  • HoldsOptimist Fund
    June 2026

    Listed in Optimist Fund’s reported holdings.

    Read the letterFirst Advantage
  • HoldsBaron Small Cap Fund
    June 2026
    Many of our Industrials performed well on strong results or rebounding from oversold conditions, including Enpro Inc. , First Advantage Corporation , and Andersen Group Inc.
    Read the letterFirst Advantage

Fund coverage · 1 thesis

  • Optimist Fund
    March 2025

    First Advantage is a leading provider of employment background checks that, following its acquisition of Sterling Check, is well-positioned for growth due to cyclical recovery, significant cost synergies, and deleveraging potential, suggesting a substantial upside in its stock value.

    Read the full thesis

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