Advent International, L.P.

BOSTON, MA · CIK 1034196 · 13F filing filed 2025-02-14

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)

$4.3bn reported value -9.4% vs Q3 2024

23positions

92.5%in top 10

1 new 3 added 8 reduced 0 sold out vs Q3 2024

Holdings, Q4 2024

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	139,342,526	$1.6bn38.19%	38.19%	Unchanged
2	OLAPLEX HLDGS INC COM OLPX	OLPX	499,468,771	$864.1m20.19%	20.19%	Unchanged
3	FIRST WATCH RESTAURANT GROUP COM FWRG	FWRG	19,189,784	$357.1m8.34%	8.34%	Reduced -8.0m	-8,000,000 -29.4%
4	CI&T INC COM CL A CINT	CINT	49,637,891	$301.3m7.04%	7.04%	Unchanged
5	DEFINITIVE HEALTHCARE CORP CLASS A COM DH	DH	62,493,676	$256.8m6.00%	6.00%	Unchanged
6	NU HLDGS LTD ORD SHS CL A NU	NU	13,940,959	$144.4m3.37%	3.37%	Unchanged
7	CARPENTER TECHNOLOGY CORP COM CRS	CRS	717,646	$121.8m2.85%	2.85%	Reduced -498.0k	-497,955 -41.0%
8	MARVELL TECHNOLOGY INC COM MRVL	MRVL	905,000	$100.0m2.34%	2.34%	Reduced -35.0k	-35,000 -3.7%
9	BLUE OWL CAPITAL INC COM CL A OWL	OWL	4,030,000	$93.7m2.19%	2.19%	Unchanged
10	GROUP 1 AUTOMOTIVE INC COM GPI	GPI	203,951	$86.0m2.01%	2.01%	Added +80.9k	+80,870 65.7%
11	LITHIA MTRS INC COM LAD	LAD	217,151	$77.6m1.81%	1.81%	Added +75.2k	+75,151 52.9%
12	TRANSDIGM GROUP INC COM TDG	TDG	45,924	$58.2m1.36%	1.36%	Reduced -69.5k	-69,550 -60.2%
13	DYNATRACE INC COM NEW DT	DT	766,660	$41.7m0.97%	0.97%	Reduced -87.5k	-87,500 -10.2%
14	NCS MULTISTAGE HLDGS INC COM NEW NCSM	NCSM	1,478,426	$38.4m0.90%	0.90%	Unchanged
15	ASBURY AUTOMOTIVE GROUP INC COM ABG	ABG	135,758	$33.0m0.77%	0.77%	Unchanged
16	ELASTIC N V ORD SHS ESTC	ESTC	258,716	$25.6m0.60%	0.60%	Reduced -107.0k	-107,000 -29.3%
17	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	340,797	$15.2m0.35%	0.35%	Reduced -47.5k	-47,534 -12.2%
18	MONGODB INC CL A MDB	MDB	54,500	$12.7m0.30%	0.30%	Added +18.5k	+18,500 51.4%
19	VSE CORP COM VSEC	VSEC	80,000	$7.6m0.18%	0.18%	New
20	ATI PHYSICAL THERAPY INC COM CL A ATIP	ATIP	2,316,613	$5.8m0.14%	0.14%	Unchanged
21	INTUIT COM INTU	INTU	3,643	$2.3m0.05%	0.05%	Unchanged
22	WORKDAY INC CL A WDAY	WDAY	5,750	$1.5m0.03%	0.03%	Reduced -18.8k	-18,750 -76.5%
23	RAPID MICRO BIOSYSTEMS INC CLASS A COM RPID	RPID	577,777	$520.0k0.01%	0.01%	Unchanged

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 2024

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
2024-11-13	FIRST WATCH RESTAURANT GROUP 10% owner · See Notes	FWRG	Sold	8,000,000	$158.1m8.0m shares	-29%