Advent International, L.P.

BOSTON, MA · CIK 1034196 · 13F filing filed 2023-11-14

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)

$8.4bn reported value -2.9% vs Q2 2023

19positions

98.3%in top 10

2 new 3 added 1 reduced 3 sold out vs Q2 2023

Holdings, Q3 2023

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	$4.7bn56.62%	56.62%	Unchanged
2	OLAPLEX HLDGS INC COM OLPX	OLPX	499,468,771	$974.0m11.61%	11.61%	Unchanged
3	SOVOS BRANDS INC COM COM		42,612,154	$960.9m11.46%	11.46%	Unchanged
4	FIRST WATCH RESTAURANT GROUP COM FWRG	FWRG	34,089,784	$589.4m7.03%	7.03%	Reduced -450.0k	-450,000 -1.3%
5	DEFINITIVE HEALTHCARE CORP CLASS A COM DH	DH	62,493,676	$499.3m5.95%	5.95%	Unchanged
6	NU HLDGS LTD ORD SHS CL A NU	NU	23,774,907	$172.4m2.06%	2.06%	Added +5.3m	+5,283,562 28.6%
7	TRANSDIGM GROUP INC COM TDG	TDG	199,650	$168.3m2.01%	2.01%	Unchanged
8	FIVE BELOW INC COM FIVE	FIVE	343,306	$55.2m0.66%	0.66%	Added +140.0k	+140,000 68.9%
9	GE AEROSPACE COM NEW GE	GE	342,500	$37.9m0.45%	0.45%	New
10	ELASTIC N V ORD SHS ESTC	ESTC	452,716	$36.8m0.44%	0.44%	Unchanged
11	BLUE OWL CAPITAL INC COM CL A OWL	OWL	2,375,000	$30.8m0.37%	0.37%	New
12	NCS MULTISTAGE HLDGS INC COM NEW NCSM	NCSM	1,478,426	$23.9m0.28%	0.28%	Unchanged
13	DYNATRACE INC COM NEW DT	DT	510,660	$23.9m0.28%	0.28%	Added +79.0k	+79,000 18.3%
14	INTUIT COM INTU	INTU	45,843	$23.4m0.28%	0.28%	Unchanged
15	ATI PHYSICAL THERAPY INC COM CL A ATIP	ATIP	2,316,613	$20.5m0.24%	0.24%	Unchanged
16	AUTODESK INC COM ADSK	ADSK	73,937	$15.3m0.18%	0.18%	Unchanged
17	CI&T INC COM CL A CINT	CINT	556,699	$3.6m0.04%	0.04%	Unchanged
18	SERVICENOW INC COM NOW	NOW	3,232	$1.8m0.02%	0.02%	Unchanged
19	RAPID MICRO BIOSYSTEMS INC CLASS A COM RPID	RPID	577,777	$624.0k0.01%	0.01%	Unchanged

Sold out since Q2 2023

Security	Ticker	Shares held before	Value then
ENVESTNET INC ENV	ENV	1,881,239	$111.7m1.9m shares
XP INC XP	XP	2,062,138	$48.4m2.1m shares
ADOBE INC ADBE	ADBE	54,900	$26.8m54.9k 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 Q3 2023

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
2023-07-03	FIRST WATCH RESTAURANT GROUP 10% owner · See Notes	FWRG	Sold	450,000	$7.4m450.0k shares	-1%
2023-07-03	FIRST WATCH RESTAURANT GROUP 10% owner · See Notes	FWRG	Sold	450,000	$7.4m450.0k shares	-1%
2023-07-03	FIRST WATCH RESTAURANT GROUP 10% owner · See Notes	FWRG	Sold	450,000	$7.4m450.0k shares	-1%