Advent International, L.P.

BOSTON, MA · CIK 1034196 · 13F filing filed 2025-08-14

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)

$3.1bn reported value -2.4% vs Q1 2025

21positions

87.7%in top 10

2 new 3 added 9 reduced 5 sold out vs Q1 2025

Holdings, Q2 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	OLAPLEX HLDGS INC COM OLPX	OLPX	499,468,771	$699.3m22.68%	22.68%	Unchanged
2	CCC INTELLIGENT SOLUTIONS HL COM CCC	CCC	67,342,526	$633.7m20.56%	20.56%	Reduced -30.0m	-30,000,000 -30.8%
3	CI&T INC COM CL A CINT	CINT	49,637,891	$296.3m9.61%	9.61%	Unchanged
4	DEFINITIVE HEALTHCARE CORP CLASS A COM DH	DH	62,493,676	$243.7m7.91%	7.91%	Unchanged
5	FIRST WATCH RESTAURANT GROUP COM FWRG	FWRG	14,689,784	$235.6m7.64%	7.64%	Reduced -4.5m	-4,500,000 -23.4%
6	CARPENTER TECHNOLOGY CORP COM CRS	CRS	675,332	$186.6m6.06%	6.06%	Reduced -129.5k	-129,500 -16.1%
7	NU HLDGS LTD ORD SHS CL A NU	NU	11,799,959	$161.9m5.25%	5.25%	Reduced -3.2m	-3,250,000 -21.6%
8	BLUE OWL CAPITAL INC COM CL A OWL	OWL	5,033,600	$96.7m3.14%	3.14%	Added +432.7k	+432,695 9.4%
9	MARVELL TECHNOLOGY INC COM MRVL	MRVL	1,063,075	$82.3m2.67%	2.67%	Reduced -75.0k	-75,000 -6.6%
10	DYNATRACE INC COM NEW DT	DT	1,211,331	$66.9m2.17%	2.17%	Added +690.4k	+690,371 132.5%
11	WORKDAY INC CL A WDAY	WDAY	263,850	$63.3m2.05%	2.05%	Added +234.7k	+234,650 803.6%
12	GROUP 1 AUTOMOTIVE INC COM GPI	GPI	139,525	$60.9m1.98%	1.98%	Reduced -95.7k	-95,670 -40.7%
13	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	256,950	$58.2m1.89%	1.89%	New
14	LITHIA MTRS INC COM LAD	LAD	149,401	$50.5m1.64%	1.64%	Reduced -137.4k	-137,385 -47.9%
15	TRANSDIGM GROUP INC COM TDG	TDG	32,154	$48.9m1.59%	1.59%	Reduced -7.4k	-7,375 -18.7%
16	NCS MULTISTAGE HLDGS INC COM NEW NCSM	NCSM	1,478,426	$43.7m1.42%	1.42%	Unchanged
17	ARES MANAGEMENT CORPORATION CL A COM STK ARES	ARES	157,535	$27.3m0.89%	0.89%	New
18	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	364,900	$18.4m0.60%	0.60%	Reduced -144.8k	-144,850 -28.4%
19	INTUIT COM INTU	INTU	5,318	$4.2m0.14%	0.14%	Unchanged
20	ATI PHYSICAL THERAPY INC COM CL A ATIP	ATIP	2,316,613	$2.1m0.07%	0.07%	Unchanged
21	RAPID MICRO BIOSYSTEMS INC CLASS A COM RPID	RPID	577,777	$2.0m0.06%	0.06%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
ELASTIC N V ESTC	ESTC	262,436	$23.4m262.4k shares
MONGODB INC MDB	MDB	56,110	$9.8m56.1k shares
VSE CORP VSEC	VSEC	80,000	$9.6m80.0k shares
ASBURY AUTOMOTIVE GROUP INC ABG	ABG	1,945	$429.5k1.9k shares
FLUTTER ENTMT PLC FLUT	FLUT	1,895	$419.8k1.9k 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 Q2 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
2025-06-03	FIRST WATCH RESTAURANT GROUP 10% owner · See footnotes	FWRG	Sold	4,500,000	$66.2m4.5m shares	-23%
2025-05-20	CCC INTELLIGENT SOLUTIONS HL Director · See footnotes	CCC	Sold	30,000,000	$272.4m30.0m shares	-65%