Advent International, L.P.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Advent International, L.P. reported 23 stock positions worth $4.3 billion. Its top holding was CCC Intelligent Solutions Ho (CCC) at 38.2% of the portfolio, followed by Olaplex (OLPX, 20.2%) and First Watch Restaurant (FWRG, 8.3%). Compared with Q3 2024, it opened 1 new position, added to 3 and reduced 8. The biggest buy was Group 1 Automotive (GPI, shares +66%) and the biggest sale Transdigm (TDG, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001034196
- Portfolio Value
- $4.3B (Q4 2024)
- SEC Filing
- 0000950123-25-002704 ↗ filed Feb 14, 2025
Holdings Value
Holdings 23 stocks · $4.3B
| CCC CCC Intelligent Solutions Ho | 38.19% | 139,342,526 | $1.6B | No change |
| OLPX Olaplex Holdings Inc. | 20.19% | 499,468,771 | $864.1M | No change |
| FWRG First Watch Restaurant Group | 8.34% | 19,189,784 | $357.1M | Reduce -29.4% |
| CINT Ci&t Inc./United States-A | 7.04% | 49,637,891 | $301.3M | No change |
| DH Definitive Healthcare Corp. | 6.00% | 62,493,676 | $256.8M | No change |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 3.37% | 13,940,959 | $144.4M | No change |
| CRS Carpenter Technology | 2.85% | 717,646 | $121.8M | Reduce -41.0% |
| MRVL Marvell Technology Inc. | 2.34% | 905,000 | $100.0M | Reduce -3.7% |
| OWL Blue Owl Capital Inc. | 2.19% | 4,030,000 | $93.7M | No change |
| GPI Group 1 Automotive Inc. | 2.01% | 203,951 | $86.0M | Add +65.7% |
| LAD Lithia Motors Inc. | 1.81% | 217,151 | $77.6M | Add +52.9% |
| TDG Transdigm Group Inc. | 1.36% | 45,924 | $58.2M | Reduce -60.2% |
| DT Dynatrace Inc. | 0.97% | 766,660 | $41.7M | Reduce -10.2% |
| NCSM NCS Multistage Holdings Inc. | 0.90% | 1,478,426 | $38.4M | No change |
| ABG Asbury Automotive Group | 0.77% | 135,758 | $33.0M | No change |
| ESTC Elastic NV | 0.60% | 258,716 | $25.6M | Reduce -29.3% |
| GFL GFL Environmental Inc.-Sub VT | 0.35% | 340,797 | $15.2M | Reduce -12.2% |
| MDB Mongodb Inc. | 0.30% | 54,500 | $12.7M | Add +51.4% |
| VSEC Vse Corp. | 0.18% | 80,000 | $7.6M | New |
| ATIP Ati Physical Therapy Inc. | 0.14% | 2,316,613 | $5.8M | No change |
| INTU Intuit Inc. | 0.05% | 3,643 | $2.3M | No change |
| WDAY Workday Inc. Class A | 0.03% | 5,750 | $1.5M | Reduce -76.5% |
| RPID Rapid Micro Biosystems Inc. Class A | 0.01% | 577,777 | $520K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| TDG Transdigm Group Inc. | Reduce -60.2% | 1.36% | −2.13 |
| CRS Carpenter Technology | Reduce -41.0% | 2.85% | −1.26 |
| FWRG First Watch Restaurant Group | Reduce -29.4% | 8.34% | −0.63 |
| WDAY Workday Inc. Class A | Reduce -76.5% | 0.03% | −0.09 |
| ESTC Elastic NV | Reduce -29.3% | 0.60% | +0.00 |
| DT Dynatrace Inc. | Reduce -10.2% | 0.97% | +0.01 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -12.2% | 0.35% | +0.03 |
| MRVL Marvell Technology Inc. | Reduce -3.7% | 2.34% | +0.90 |
Portfolio Buys Q3 2024 → Q4 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 34 | $17.7B | INIO, NIQ, OLPX, LUNR, WAY |
| Q1 2026 | 30 | $4.2B | NIQ, OLPX, WAY, CINT, TSM |
| Q4 2025 | 24 | $4.8B | NIQ, OLPX, WAY, CINT, DH |
| Q3 2025 | 25 | $5.0B | NIQ, OLPX, CCC, CINT, DH |
| Q2 2025 | 21 | $3.1B | OLPX, CCC, CINT, DH, FWRG |
| Q1 2025 | 24 | $3.2B | CCC, OLPX, FWRG, CINT, DH |
| Q4 2024 | 23 | $4.3B | CCC, OLPX, FWRG, CINT, DH |
| Q3 2024 | 22 | $4.7B | CCC, OLPX, FWRG, CINT, DH |
| Q2 2024 | 23 | $4.2B | CCC, OLPX, FWRG, DH, NU |
| Q1 2024 | 19 | $5.7B | CCC, OLPX, FWRG, DH, NU |