Advent International, L.P.

BOSTON, MA · CIK 1034196 · 13F filing filed 2026-02-17

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)

$4.8bn reported value -2.7% vs Q3 2025

24positions

91.5%in top 10

1 new 7 added 7 reduced 2 sold out vs Q3 2025

Holdings, Q4 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	NIQ GLOBAL INTELLIGENCE PLC ORDINARY SHARES NIQ	NIQ	149,380,246	$2.5bn50.98%	50.98%	Unchanged
2	OLAPLEX HLDGS INC COM OLPX	OLPX	499,468,771	$669.3m13.85%	13.85%	Unchanged
3	WAYSTAR HLDG CORP COM WAY	WAY	11,059,899	$362.2m7.50%	7.50%	New
4	CI&T INC COM CL A CINT	CINT	49,637,891	$202.0m4.18%	4.18%	Unchanged
5	DEFINITIVE HEALTHCARE CORP CLASS A COM DH	DH	62,493,676	$180.5m3.74%	3.74%	Unchanged
6	NU HLDGS LTD ORD SHS CL A NU	NU	8,997,459	$150.6m3.12%	3.12%	Reduced -1.1m	-1,060,000 -10.5%
7	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	403,000	$122.5m2.53%	2.53%	Reduced -45.3k	-45,295 -10.1%
8	CARPENTER TECHNOLOGY CORP COM CRS	CRS	341,182	$107.4m2.22%	2.22%	Reduced -216.7k	-216,721 -38.9%
9	BLUE OWL CAPITAL INC COM CL A OWL	OWL	6,686,817	$99.9m2.07%	2.07%	Added +1.2m	+1,209,910 22.1%
10	MARVELL TECHNOLOGY INC COM MRVL	MRVL	735,890	$62.5m1.29%	1.29%	Added +82.3k	+82,305 12.6%
11	NCS MULTISTAGE HLDGS INC COM NEW NCSM	NCSM	1,478,426	$58.4m1.21%	1.21%	Unchanged
12	SOLARIS ENERGY INFRAS INC COM CL A SEI	SEI	1,263,809	$58.1m1.20%	1.20%	Added +256.9k	+256,909 25.5%
13	WORKDAY INC CL A WDAY	WDAY	266,875	$57.3m1.19%	1.19%	Reduced -13.3k	-13,275 -4.7%
14	GROUP 1 AUTOMOTIVE INC COM GPI	GPI	137,960	$54.3m1.12%	1.12%	Unchanged
15	LITHIA MTRS INC COM LAD	LAD	151,671	$50.4m1.04%	1.04%	Added +1.5k	+1,490 1.0%
16	DYNATRACE INC COM NEW DT	DT	1,142,626	$49.5m1.02%	1.02%	Reduced -65.0k	-65,005 -5.4%
17	EQUITABLE HLDGS INC COM EQH	EQH	534,510	$25.5m0.53%	0.53%	Added +4.9k	+4,910 0.9%
18	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	379,092	$16.3m0.34%	0.34%	Added +14.1k	+14,092 3.9%
19	AUTODESK INC COM ADSK	ADSK	51,315	$15.3m0.32%	0.32%	Unchanged
20	SYNOPSYS INC COM SNPS	SNPS	25,885	$12.2m0.25%	0.25%	Added +435	+435 1.7%
21	TRANSDIGM GROUP INC COM TDG	TDG	6,534	$8.7m0.18%	0.18%	Reduced -15.7k	-15,730 -70.7%
22	INTUIT COM INTU	INTU	5,318	$3.5m0.07%	0.07%	Unchanged
23	RAPID MICRO BIOSYSTEMS INC CLASS A COM RPID	RPID	577,777	$1.7m0.03%	0.03%	Unchanged
24	ARES MANAGEMENT CORPORATION CL A COM STK ARES	ARES	4,535	$733.0k0.02%	0.02%	Reduced -32.2k	-32,200 -87.7%

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
CCC INTELLIGENT SOLUTIONS HL CCC	CCC	37,342,526	$340.2m37.3m shares
FIRST WATCH RESTAURANT GROUP FWRG	FWRG	5,289,784	$82.7m5.3m 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 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
2025-11-07	CCC INTELLIGENT SOLUTIONS HL Director · See footnotes	CCC	Sold	37,342,526	$289.8m37.3m shares	-100%