Advent International, L.P.

BOSTON, MA · CIK 1034196 · 13F filing filed 2025-05-15

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)

$3.2bn reported value -26.2% vs Q4 2024

24positions

91.0%in top 10

1 new 11 added 4 reduced 0 sold out vs Q4 2024

Holdings, Q1 2025

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	97,342,526	$879.0m27.82%	27.82%	Reduced -42.0m	-42,000,000 -30.1%
2	OLAPLEX HLDGS INC COM OLPX	OLPX	499,468,771	$634.3m20.08%	20.08%	Unchanged
3	FIRST WATCH RESTAURANT GROUP COM FWRG	FWRG	19,189,784	$319.5m10.11%	10.11%	Unchanged
4	CI&T INC COM CL A CINT	CINT	49,637,891	$296.3m9.38%	9.38%	Unchanged
5	DEFINITIVE HEALTHCARE CORP CLASS A COM DH	DH	62,493,676	$180.6m5.72%	5.72%	Unchanged
6	NU HLDGS LTD ORD SHS CL A NU	NU	15,049,959	$154.1m4.88%	4.88%	Added +1.1m	+1,109,000 8.0%
7	CARPENTER TECHNOLOGY CORP COM CRS	CRS	804,832	$145.8m4.62%	4.62%	Added +87.2k	+87,186 12.2%
8	BLUE OWL CAPITAL INC COM CL A OWL	OWL	4,600,905	$92.2m2.92%	2.92%	Added +570.9k	+570,905 14.2%
9	GROUP 1 AUTOMOTIVE INC COM GPI	GPI	235,195	$89.8m2.84%	2.84%	Added +31.2k	+31,244 15.3%
10	LITHIA MTRS INC COM LAD	LAD	286,786	$84.2m2.66%	2.66%	Added +69.6k	+69,635 32.1%
11	MARVELL TECHNOLOGY INC COM MRVL	MRVL	1,138,075	$70.1m2.22%	2.22%	Added +233.1k	+233,075 25.8%
12	TRANSDIGM GROUP INC COM TDG	TDG	39,529	$54.7m1.73%	1.73%	Reduced -6.4k	-6,395 -13.9%
13	NCS MULTISTAGE HLDGS INC COM NEW NCSM	NCSM	1,478,426	$51.7m1.64%	1.64%	Unchanged
14	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	509,750	$24.6m0.78%	0.78%	Added +169.0k	+168,953 49.6%
15	DYNATRACE INC COM NEW DT	DT	520,960	$24.6m0.78%	0.78%	Reduced -245.7k	-245,700 -32.0%
16	ELASTIC N V ORD SHS ESTC	ESTC	262,436	$23.4m0.74%	0.74%	Added +3.7k	+3,720 1.4%
17	MONGODB INC CL A MDB	MDB	56,110	$9.8m0.31%	0.31%	Added +1.6k	+1,610 3.0%
18	VSE CORP COM VSEC	VSEC	80,000	$9.6m0.30%	0.30%	Unchanged
19	WORKDAY INC CL A WDAY	WDAY	29,200	$6.8m0.22%	0.22%	Added +23.4k	+23,450 407.8%
20	INTUIT COM INTU	INTU	5,318	$3.3m0.10%	0.10%	Added +1.7k	+1,675 46.0%
21	ATI PHYSICAL THERAPY INC COM CL A ATIP	ATIP	2,316,613	$2.8m0.09%	0.09%	Unchanged
22	RAPID MICRO BIOSYSTEMS INC CLASS A COM RPID	RPID	577,777	$1.5m0.05%	0.05%	Unchanged
23	ASBURY AUTOMOTIVE GROUP INC COM ABG	ABG	1,945	$429.5k0.01%	0.01%	Reduced -133.8k	-133,813 -98.6%
24	FLUTTER ENTMT PLC SHS FLUT	FLUT	1,895	$419.8k0.01%	0.01%	New

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 Q1 2025

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
2025-03-03	CCC INTELLIGENT SOLUTIONS HL Director · See Notes	CCC	Sold	42,000,000	$433.9m42.0m shares	-64%