ADV ranks #4852 out of 37503 tracked stocks by institutional interest, inside the more closely watched half of our coverage.
ADV is a top-conviction position for Atairos Partners GP, Inc. — at 46.2% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in ADV belongs to Leonard Green & Partners, L.P., but the position matters far more to Atairos Partners GP, Inc., who has 46.2% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
CastleKnight Management LP has added to its ADV position for two straight quarters, increasing it by $14.8M to reach $25.1M today.
ADV is down 2.2% today, but institutions show net buying of $11.8M this quarter — a divergence between today's price move and the underlying institutional flow.