SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Advantage Alpha Capital Partners LP

CIK 0001762344 · 1160 BATTERY STREET, EAST BUILDING, SUITE 100, SAN FRANCISCO, CA, 94111 · 4153437077

Reported Value
$500M
Q2 2023
Positions
88
Filings on Record
25
2020–present window
Filed
Aug 14, 2023
original filing

Summary

Advantage Alpha Capital Partners LP reported $500M in U.S.-listed holdings across 88 positions for Q2 2023.

Its largest position, MIDD, represents 3.0% of the portfolio.

Compared with Q1 2023, the fund opened 6 new positions and exited 34.

Portfolio Metrics

Turnover
+15.5%
vs prior filed quarter
Top-10 Concentration
+21.9%
share of reported value
Largest Position
+3.0%
Middleby
New / Exited
6 / 34
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’19: $371MQ4 ’19Q1 ’20: $281MQ2 ’20: $427MQ3 ’20: $433MQ4 ’20: $457MQ4 ’20Q1 ’21: $475MQ2 ’21: $519MQ3 ’21: $549MQ4 ’21: $702MQ4 ’21Q1 ’22: $668MQ2 ’22: $579MQ3 ’22: $544MQ4 ’22: $493MQ4 ’22Q1 ’23: $480MQ2 ’23: $500MQ3 ’23: $476MQ4 ’23: $528MQ4 ’23Q1 ’24: $532MQ2 ’24: $458MQ3 ’24: $439MQ4 ’24: $423MQ4 ’24Q1 ’25: $408MQ2 ’25: $371MQ3 ’25: $332MQ4 ’25: $0Q4 ’25filingsflow.com

Portfolio Composition

By security type
Common Stock: 94.3%Other: 5.7%
  • Common Stock · 94.3% · $472M
  • Other · 5.7% · $29M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RBARB GLOBAL INCNEW+154.6K154.6K+$9M$9M
PCORPROCORE TECHNOLOGIES INCNEW+74.8K74.8K+$5M$5M
TREXTREX CO INCNEW+42.3K42.3K+$3M$3M
DHDEFINITIVE HEALTHCARE CORPNEW+210.3K210.3K+$2M$2M
FOXFFOX FACTORY HLDG CORPNEW+20.8K20.8K+$2M$2M
SWIMLATHAM GROUP INCNEW+466.9K466.9K+$2M$2M
MIDDMIDDLEBY CORPADDED+63.5K118.3K+$7M$15M
RITCHIE BROS AUCTIONEERSSOLD OUT−118.3K0−$7M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2023

87 positions (from 88 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MIDDMIDDLEBY CORPhistory →COM3.02%$15M118.3K
2FCFSFIRSTCASH HOLDINGS INChistory →COM2.67%$13M143.1K
3WCCWESCO INTL INChistory →COM2.66%$13M74.4K
4EHCENCOMPASS HEALTH CORPhistory →COM2.04%$10M150.7K
5PLNTPLANET FITNESS INChistory →CL A2.00%$10M148.4K
6ROADCONSTRUCTION PARTNERS INChistory →COM CL A1.99%$10M317.1K
7LKQLKQ CORPhistory →COM1.95%$10M167.1K
8DARDARLING INGREDIENTS INChistory →COM1.88%$9M147.6K
9NATIONAL INSTRS CORPCOM1.86%$9M161.7K
10RBARB GLOBAL INChistory →COM1.85%$9M154.6K
11GWREGUIDEWIRE SOFTWARE INChistory →COM1.83%$9M120.0K
12HUBSHUBSPOT INChistory →COM1.82%$9M17.1K
13GTMZOOMINFO TECHNOLOGIES INChistory →COMMON STOCK1.81%$9M357.4K
14POWERSCHOOL HOLDINGS INCCOM CL A1.81%$9M473.5K
15WSCWILLSCOT MOBIL MINI HLDNG COhistory →COM CL A1.77%$9M185.6K
16STSENSATA TECHNOLOGIES HLDG PLhistory →SHS1.73%$9M192.7K
17HQYHEALTHEQUITY INChistory →COM1.56%$8M123.3K
18LPLALPL FINL HLDGS INChistory →COM1.52%$8M35.0K
19AWIARMSTRONG WORLD INDS INC NEWhistory →COM1.50%$8M102.3K
20BFAMBRIGHT HORIZONS FAM SOL IN Dhistory →COM1.49%$7M80.8K
21RBCRBC BEARINGS INChistory →COM1.48%$7M34.0K
22CWCURTISS WRIGHT CORPhistory →COM1.48%$7M40.3K
23RDNTRADNET INChistory →COM1.47%$7M225.6K
24LFUSLITTELFUSE INChistory →COM1.46%$7M25.1K
25EVENTBRITE INCCOM CL A1.44%$7M756.3K
26AXONAXON ENTERPRISE INChistory →COM1.43%$7M36.7K
27AIZASSURANT INChistory →COM1.43%$7M56.9K
28UNIVAR SOLUTIONS INCCOM1.43%$7M199.0K
29KEXKIRBY CORPhistory →COM1.39%$7M90.3K
30PRIMO WATER CORPORATIONCOM1.37%$7M545.0K
31WKWORKIVA INChistory →COM CL A1.36%$7M67.0K
32WMSADVANCED DRAIN SYS INC DELhistory →COM1.34%$7M58.9K
33ENOVENOVIS CORPORATIONhistory →COM1.33%$7M103.4K
34NCNONCINO INChistory →COM1.28%$6M211.8K
35ZWSZURN ELKAY WATER SOLNS CORPhistory →COM1.26%$6M233.5K
36FAFFIRST AMERN FINL CORPhistory →COM1.19%$6M103.9K
37APPNAPPIAN CORPhistory →CL A1.18%$6M124.3K
38BEACON ROOFING SUPPLY INCCOM1.17%$6M70.3K
39SSDSIMPSON MFG INChistory →COM1.14%$6M41.1K
40MASONITE INTL CORPCOM1.10%$6M53.9K
41SITESITEONE LANDSCAPE SUPPLY INChistory →COM1.10%$6M32.9K
42STEVANATO GROUP S P AORD SHS1.09%$5M168.0K
43PFSIPENNYMAC FINL SVCS INC NEWhistory →COM1.04%$5M74.1K
44TOPBUILD CORPCOM1.04%$5M19.5K
45ESEESCO TECHNOLOGIES INChistory →COM1.03%$5M49.5K
46CCOICOGENT COMMUNICATIONS HLDGShistory →COM NEW1.01%$5M74.9K
47VRNSVARONIS SYS INCCOM0.99%$5M186.0K
48BOOTBOOT BARN HLDGS INCCOM0.98%$5M57.6K
49PCORPROCORE TECHNOLOGIES INCCOM0.97%$5M74.8K
50NGVTINGEVITY CORPCOM0.96%$5M82.1K
51GOGROCERY OUTLET HLDG CORPCOM0.95%$5M155.6K
52CLEARWATER ANALYTICS HLDGS ICL A0.95%$5M297.8K
53OUTFRONT MEDIA INCCOM0.91%$5M290.9K
54QUAKER HOUGHTONCOM0.82%$4M21.1K
55UFPIUFP INDUSTRIES INCCOM0.82%$4M42.2K
56WSOWATSCO INCCOM0.82%$4M10.7K
57PAYPAYMENTUS HOLDINGS INCCOM CL A0.81%$4M384.5K
58KNSLKINSALE CAP GROUP INCCOM0.79%$4M10.5K
59ESABESAB CORPORATIONCOM0.78%$4M58.5K
60DOCNDIGITALOCEAN HLDGS INCCOM0.78%$4M97.0K
61EYENATIONAL VISION HLDGS INCCOM0.75%$4M154.7K
62HELEHELEN OF TROY LTDCOM0.75%$4M34.7K
63PRVAPRIVIA HEALTH GROUP INCCOM0.75%$4M143.4K
64OMCLOMNICELL COMCOM0.75%$4M50.6K
65AGILON HEALTH INCCOM0.73%$4M210.4K
66AINALBANY INTL CORPCL A0.72%$4M38.8K
67CHHCHOICE HOTELS INTL INCCOM0.72%$4M30.7K
68GMS INCCOM0.72%$4M51.9K
69CCCCCC INTELLIGENT SOLUTIONS HLCOM0.72%$4M319.1K
70ZETAZETA GLOBAL HOLDINGS CORPCL A0.71%$4M417.2K
71HLIOHELIOS TECHNOLOGIES INCCOM0.67%$3M51.0K
72LESLIES INCCOM0.66%$3M352.6K
73FNDFLOOR & DECOR HLDGS INCCL A0.63%$3M30.1K
74SLMSLM CORPCOM0.62%$3M188.5K
75TREXTREX CO INCCOM0.55%$3M42.3K
76HIRERIGHT HOLDINGS CORPORATICOM0.50%$3M222.9K
77FORWARD AIR CORPCOM0.49%$2M23.3K
78UPWKUPWORK INCCOM0.49%$2M261.5K
79EWCZEUROPEAN WAX CTR INCCLASS A COM0.49%$2M131.1K
80TNETTRINET GROUP INCCOM0.47%$2M25.0K
81OLO INCCL A0.47%$2M360.8K
82DHDEFINITIVE HEALTHCARE CORPCLASS A COM0.46%$2M210.3K
83BLBLACKLINE INCCOM0.46%$2M42.8K
84TRUPTRUPANION INCCOM0.45%$2M115.2K
85FOXFFOX FACTORY HLDG CORPCOM0.45%$2M20.8K
86SWIMLATHAM GROUP INCCOM0.35%$2M466.9K
87CERTCERTARA INCCOM0.34%$2M93.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$01Jan 22, 202613F-HRchanges · EDGAR ↗
Q3 2025$332M130Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$371M119Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$408M146May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$423M153Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$439M167Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$458M154Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$532M158May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$528M154Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$476M93Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$500M88Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$480M115May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$493M101Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$544M89Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$579M115Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$668M126May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$702M130Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$549M132Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$519M131Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$475M130May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$457M106Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$433M83Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$427M88Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$281M91May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$371M90Feb 14, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.