Advent International, L.P.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Advent International, L.P. reported 24 stock positions worth $4.8 billion. Its top holding was Niq Global Intelligence (NIQ) at 51.0% of the portfolio, followed by Olaplex (OLPX, 13.9%) and Waystar (WAY, 7.5%). Compared with Q3 2025, it opened 1 new position, sold out of 2, added to 7 and reduced 7. The biggest buy was a new position in Waystar (WAY) and the biggest sale an exit from CCC Intelligent Solutions Ho (CCC).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001034196
- Portfolio Value
- $4.8B (Q4 2025)
- SEC Filing
- 0001193125-26-055026 ↗ filed Feb 17, 2026
Holdings Value
Holdings 24 stocks · $4.8B
| NIQ Niq Global Intelligence PLC | 50.98% | 149,380,246 | $2.5B | No change |
| OLPX Olaplex Holdings Inc. | 13.85% | 499,468,771 | $669.3M | No change |
| WAY Waystar Holding Corp. | 7.50% | 11,059,899 | $362.2M | New |
| CINT Ci&t Inc./United States-A | 4.18% | 49,637,891 | $202.0M | No change |
| DH Definitive Healthcare Corp. | 3.74% | 62,493,676 | $180.5M | No change |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 3.12% | 8,997,459 | $150.6M | Reduce -10.5% |
| TSM Taiwan Semiconductor-SP ADR | 2.53% | 403,000 | $122.5M | Reduce -10.1% |
| CRS Carpenter Technology | 2.22% | 341,182 | $107.4M | Reduce -38.9% |
| OWL Blue Owl Capital Inc. | 2.07% | 6,686,817 | $99.9M | Add +22.1% |
| MRVL Marvell Technology Inc. | 1.29% | 735,890 | $62.5M | Add +12.6% |
| NCSM NCS Multistage Holdings Inc. | 1.21% | 1,478,426 | $58.4M | No change |
| SEI Solaris Energy Infrastructur | 1.20% | 1,263,809 | $58.1M | Add +25.5% |
| WDAY Workday Inc. Class A | 1.19% | 266,875 | $57.3M | Reduce -4.7% |
| GPI Group 1 Automotive Inc. | 1.12% | 137,960 | $54.3M | No change |
| LAD Lithia Motors Inc. | 1.04% | 151,671 | $50.4M | Add +1.0% |
| DT Dynatrace Inc. | 1.02% | 1,142,626 | $49.5M | Reduce -5.4% |
| EQH Equitable Holdings Inc. | 0.53% | 534,510 | $25.5M | Add +0.9% |
| GFL GFL Environmental Inc.-Sub VT | 0.34% | 379,092 | $16.3M | Add +3.9% |
| ADSK Autodesk Inc. | 0.32% | 51,315 | $15.3M | No change |
| SNPS Synopsys Inc. | 0.25% | 25,885 | $12.2M | Add +1.7% |
| TDG Transdigm Group Inc. | 0.18% | 6,534 | $8.7M | Reduce -70.7% |
| INTU Intuit Inc. | 0.07% | 5,318 | $3.5M | No change |
| RPID Rapid Micro Biosystems Inc. Class A | 0.03% | 577,777 | $1.7M | No change |
| ARES Ares Management Corp. Class A | 0.02% | 4,535 | $733K | Reduce -87.7% |
Portfolio Sells Q3 2025 → Q4 2025
| CCC CCC Intelligent Solutions Ho | Sold out | 0.00% | −6.85 |
| FWRG First Watch Restaurant Group | Sold out | 0.00% | −1.67 |
| CRS Carpenter Technology | Reduce -38.9% | 2.22% | −0.54 |
| TDG Transdigm Group Inc. | Reduce -70.7% | 0.18% | −0.41 |
| WDAY Workday Inc. Class A | Reduce -4.7% | 1.19% | −0.17 |
| DT Dynatrace Inc. | Reduce -5.4% | 1.02% | −0.15 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -10.5% | 3.12% | −0.13 |
| ARES Ares Management Corp. Class A | Reduce -87.7% | 0.02% | −0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -10.1% | 2.53% | +0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| WAY Waystar Holding Corp. | New | 7.50% | +7.50 |
| SEI Solaris Energy Infrastructur | Add +25.5% | 1.20% | +0.39 |
| OWL Blue Owl Capital Inc. | Add +22.1% | 2.07% | +0.20 |
| MRVL Marvell Technology Inc. | Add +12.6% | 1.29% | +0.19 |
| LAD Lithia Motors Inc. | Add +1.0% | 1.04% | +0.09 |
| SNPS Synopsys Inc. | Add +1.7% | 0.25% | −0.00 |
| GFL GFL Environmental Inc.-Sub VT | Add +3.9% | 0.34% | −0.01 |
| EQH Equitable Holdings Inc. | Add +0.9% | 0.53% | −0.01 |
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 |