Advent International, L.P.

BOSTON, MA · CIK 1034196 · 13F filing filed 2023-02-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityAdvent International, L.P. (US)

$8.6bn reported value -23.8% vs Q3 2022

24positions

96.2%in top 10

0 new 0 added 2 reduced 1 sold out vs Q3 2022

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CCC INTELLIGENT SOLUTIONS HL COM CCC	CCC	355,628,649	$3.1bn36.08%	36.08%	Unchanged
2	OLAPLEX HLDGS INC COM OLPX	OLPX	499,468,771	$2.6bn30.35%	30.35%	Unchanged
3	SOVOS BRANDS INC COM COM		53,762,154	$772.6m9.01%	9.01%	Unchanged
4	DEFINITIVE HEALTHCARE CORP CLASS A COM DH	DH	62,493,676	$686.8m8.01%	8.01%	Unchanged
5	FIRST WATCH RESTAURANT GROUP COM FWRG	FWRG	41,564,784	$562.4m6.56%	6.56%	Reduced -675.0k	-675,000 -1.6%
6	NU HLDGS LTD ORD SHS CL A NU	NU	47,092,197	$191.7m2.24%	2.24%	Unchanged
7	TRANSDIGM GROUP INC COM TDG	TDG	199,650	$125.7m1.47%	1.47%	Unchanged
8	ENVESTNET INC COM ENV	ENV	1,881,239	$116.1m1.35%	1.35%	Unchanged
9	FIVE BELOW INC COM FIVE	FIVE	292,847	$51.8m0.60%	0.60%	Unchanged
10	DYNATRACE INC COM NEW DT	DT	1,266,661	$48.5m0.57%	0.57%	Unchanged
11	XP INC CL A XP	XP	2,662,138	$40.8m0.48%	0.48%	Unchanged
12	RAYMOND JAMES FINL INC COM RJF	RJF	376,752	$40.3m0.47%	0.47%	Unchanged
13	NCS MULTISTAGE HLDGS INC COM NEW NCSM	NCSM	1,478,426	$37.0m0.43%	0.43%	Unchanged
14	ATI PHYSICAL THERAPY INC COM CL A COM CL A		115,830,656	$35.9m0.42%	0.42%	Unchanged
15	AUTODESK INC COM ADSK	ADSK	171,437	$32.0m0.37%	0.37%	Reduced -36.3k	-36,300 -17.5%
16	STONECO LTD COM CL A STNE	STNE	3,102,182	$29.3m0.34%	0.34%	Unchanged
17	DAYFORCE INC COM DAY	DAY	440,218	$28.2m0.33%	0.33%	Unchanged
18	ADOBE INC COM ADBE	ADBE	71,000	$23.9m0.28%	0.28%	Unchanged
19	ELASTIC N V ORD SHS ESTC	ESTC	452,716	$23.3m0.27%	0.27%	Unchanged
20	FLYWIRE CORPORATION COM VTG FLYW	FLYW	812,700	$19.9m0.23%	0.23%	Unchanged
21	INTUIT COM INTU	INTU	15,850	$6.2m0.07%	0.07%	Unchanged
22	VTEX SHS CL A VTEX	VTEX	1,000,000	$3.8m0.04%	0.04%	Unchanged
23	SERVICENOW INC COM NOW	NOW	3,232	$1.3m0.01%	0.01%	Unchanged
24	RAPID MICRO BIOSYSTEMS INC CLASS A COM RPID	RPID	577,777	$652.9k0.01%	0.01%	Unchanged

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
S&P GLOBAL INC SPGI	SPGI	6,050	$1.8m6.0k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
INNIO NV INIO · 13G · filed 2026-08-13	INIO	86.2%≈ $25.6bn	new	13G	2026-08-13
DEFINITIVE HEALTHCARE CORP DH · 13D · filed 2026-10-01	DH	58.5%≈ $51.9m	no change	13D	2026-10-01
INTUITIVE MACHINES INC LUNR · 13G · filed 2026-01-20	LUNR	16.0%≈ $491.8m	new	13G	2026-01-20
WAYSTAR HLDG CORP WAY · 13D · filed 2025-10-03	WAY	5.8%≈ $227.1m	new	13D	2025-10-03

Trades reported as a company insider in Q4 2022

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2022-10-06	FIRST WATCH RESTAURANT GROUP 10% owner · See Notes	FWRG	Sold	675,000	$10.0m675.0k shares	-2%
2022-10-06	FIRST WATCH RESTAURANT GROUP 10% owner · See Notes	FWRG	Sold	675,000	$10.0m675.0k shares	-2%
2022-10-06	FIRST WATCH RESTAURANT GROUP 10% owner · See Notes	FWRG	Sold	675,000	$10.0m675.0k shares	-2%