SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Advantage Alpha Capital Partners LP

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

Reported Value
$528M
Q4 2023
Positions
154
Filings on Record
25
2020–present window
Filed
Feb 13, 2024
original filing

Summary

Advantage Alpha Capital Partners LP reported $528M in U.S.-listed holdings across 154 positions for Q4 2023.

Its largest position, MIDD, represents 2.3% of the portfolio.

Compared with Q3 2023, the fund opened 74 new positions and exited 13.

Portfolio Metrics

Turnover
+18.4%
vs prior filed quarter
Top-10 Concentration
+20.2%
share of reported value
Largest Position
+2.3%
Middleby
New / Exited
74 / 13
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: 96.0%Other: 4.0%
  • Common Stock · 96.0% · $507M
  • Other · 4.0% · $21M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MGNIMAGNITE INCNEW+505.7K505.7K+$5M$5M
BCPCBALCHEM CORPNEW+29.7K29.7K+$4M$4M
IPARINTER PARFUMS INCNEW+28.8K28.8K+$4M$4M
KNFKNIFE RIVER CORPNEW+62.1K62.1K+$4M$4M
CNMCORE & MAIN INCNEW+91.5K91.5K+$4M$4M
SLMSLM CORPNEW+179.0K179.0K+$3M$3M
ARCTARCTURUS THERAPEUTICS HLDGSNEW+50.5K50.5K+$2M$2M
TRDAENTRADA THERAPEUTICS INCNEW+105.1K105.1K+$2M$2M

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

Holdings — Q4 2023

154 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MIDDMIDDLEBY CORPhistory →COM2.31%$12M82.7K
2WCCWESCO INTL INChistory →COM2.23%$12M67.8K
3WSCWILLSCOT MOBIL MINI HLDNG COhistory →COM CL A2.17%$11M257.4K
4LKQLKQ CORPhistory →COM2.14%$11M236.3K
5HUBSHUBSPOT INChistory →COM2.11%$11M19.2K
6FCFSFIRSTCASH HOLDINGS INChistory →COM2.09%$11M101.9K
7FAFFIRST AMERN FINL CORPhistory →COM1.98%$10M162.3K
8PLNTPLANET FITNESS INChistory →CL A1.79%$9M129.4K
9TOPBUILD CORPCOM1.69%$9M23.8K
10QUAKER HOUGHTONCOM1.66%$9M41.2K
11EHCENCOMPASS HEALTH CORPhistory →COM1.59%$8M125.5K
12PRIMO WATER CORPORATIONCOM1.58%$8M555.6K
13SITESITEONE LANDSCAPE SUPPLY INChistory →COM1.55%$8M50.4K
14LFUSLITTELFUSE INChistory →COM1.52%$8M30.0K
15GTMZOOMINFO TECHNOLOGIES INChistory →COMMON STOCK1.51%$8M431.7K
16KEXKIRBY CORPhistory →COM1.50%$8M100.7K
17DARDARLING INGREDIENTS INChistory →COM1.48%$8M157.3K
18HIRERIGHT HOLDINGS CORPORATICOM1.43%$8M561.1K
19AXONAXON ENTERPRISE INChistory →COM1.43%$8M29.2K
20CWSTCASELLA WASTE SYS INChistory →CL A1.42%$8M88.0K
21AIZASSURANT INChistory →COM1.40%$7M43.9K
22VRNSVARONIS SYS INChistory →COM1.35%$7M158.0K
23NCNONCINO INChistory →COM1.34%$7M211.1K
24WKWORKIVA INChistory →COM CL A1.33%$7M69.5K
25CCOICOGENT COMMUNICATIONS HLDGShistory →COM NEW1.27%$7M88.3K
26POWERSCHOOL HOLDINGS INCCOM CL A1.25%$7M280.2K
27BFAMBRIGHT HORIZONS FAM SOL IN Dhistory →COM1.16%$6M65.1K
28ESABESAB CORPORATIONhistory →COM1.15%$6M70.1K
29GMS INCCOM1.12%$6M72.1K
30SSDSIMPSON MFG INChistory →COM1.10%$6M29.4K
31GOGROCERY OUTLET HLDG CORPhistory →COM1.10%$6M214.6K
32PFSIPENNYMAC FINL SVCS INC NEWhistory →COM1.09%$6M65.3K
33BLBLACKLINE INChistory →COM1.08%$6M91.7K
34GGGGRACO INChistory →COM1.08%$6M65.7K
35CWCURTISS WRIGHT CORPhistory →COM1.08%$6M25.5K
36RBCRBC BEARINGS INChistory →COM1.07%$6M19.8K
37GWREGUIDEWIRE SOFTWARE INChistory →COM1.03%$5M50.0K
38ENOVENOVIS CORPORATIONhistory →COM1.03%$5M97.3K
39CHHCHOICE HOTELS INTL INChistory →COM1.03%$5M48.1K
40AINALBANY INTL CORPhistory →CL A1.01%$5M54.2K
41FNDFLOOR & DECOR HLDGS INChistory →CL A1.00%$5M47.5K
42ESEESCO TECHNOLOGIES INChistory →COM1.00%$5M45.3K
43AGILON HEALTH INCCOM0.98%$5M412.4K
44UFPIUFP INDUSTRIES INCCOM0.98%$5M41.2K
45NOVTNOVANTA INCCOM0.96%$5M30.3K
46ZETAZETA GLOBAL HOLDINGS CORPCL A0.94%$5M561.3K
47HLITHARMONIC INCCOM0.93%$5M377.1K
48ROADCONSTRUCTION PARTNERS INCCOM CL A0.93%$5M112.8K
49AWIARMSTRONG WORLD INDS INC NEWCOM0.92%$5M49.6K
50EVENTBRITE INCCOM CL A0.92%$5M580.5K
51BEACON ROOFING SUPPLY INCCOM0.92%$5M55.7K
52EYENATIONAL VISION HLDGS INCCOM0.92%$5M231.6K
53APPNAPPIAN CORPCL A0.89%$5M125.4K
54MGNIMAGNITE INCCOM0.89%$5M505.7K
55RXORXO INCCOMMON STOCK0.89%$5M202.1K
56MASONITE INTL CORPCOM0.88%$5M54.9K
57BCPCBALCHEM CORPCOM0.84%$4M29.7K
58FOXFFOX FACTORY HLDG CORPCOM0.80%$4M62.6K
59IPARINTER PARFUMS INCCOM0.79%$4M28.8K
60KNFKNIFE RIVER CORPCOMMON STOCK0.78%$4M62.1K
61PRVAPRIVIA HEALTH GROUP INCCOM0.77%$4M177.1K
62KNSLKINSALE CAP GROUP INCCOM0.76%$4M11.9K
63DVDOUBLEVERIFY HLDGS INCCOM0.74%$4M106.3K
64CNMCORE & MAIN INCCL A0.70%$4M91.5K
65CCCCCC INTELLIGENT SOLUTIONS HLCOM0.68%$4M317.6K
66RDNTRADNET INCCOM0.68%$4M103.8K
67CXMSPRINKLR INCCL A0.68%$4M298.8K
68TRUPTRUPANION INCCOM0.67%$4M115.2K
69MSMMSC INDL DIRECT INCCL A0.66%$3M34.4K
70WMSADVANCED DRAIN SYS INC DELCOM0.65%$3M24.4K
71SLMSLM CORPCOM0.65%$3M179.0K
72TREXTREX CO INCCOM0.63%$3M40.0K
73WSOWATSCO INCCOM0.57%$3M7.0K
74DHDEFINITIVE HEALTHCARE CORPCLASS A COM0.56%$3M299.2K
75CERTCERTARA INCCOM0.54%$3M161.6K
76HELEHELEN OF TROY LTDCOM0.53%$3M23.2K
77UPWKUPWORK INCCOM0.52%$3M184.4K
78PAYPAYMENTUS HOLDINGS INCCOM CL A0.49%$3M145.6K
79TNETTRINET GROUP INCCOM0.49%$3M21.6K
80PCORPROCORE TECHNOLOGIES INCCOM0.48%$3M36.6K
81OMCLOMNICELL COMCOM0.47%$2M65.5K
82HQYHEALTHEQUITY INCCOM0.45%$2M35.5K
83BOOTBOOT BARN HLDGS INCCOM0.40%$2M27.4K
84LESLIES INCCOM0.38%$2M291.8K
85HLIOHELIOS TECHNOLOGIES INCCOM0.36%$2M42.0K
86ARCTARCTURUS THERAPEUTICS HLDGSCOM0.30%$2M50.5K
87TRDAENTRADA THERAPEUTICS INCCOM0.30%$2M105.1K
88VYGRVOYAGER THERAPEUTICS INCCOM0.28%$1M176.9K
89IRWDIRONWOOD PHARMACEUTICALS INCCOM CL A0.27%$1M125.7K
90VNDAVANDA PHARMACEUTICALS INCCOM0.27%$1M339.3K
91ZYMEZYMEWORKS INCCOM0.27%$1M136.8K
92MDXGMIMEDX GROUP INCCOM0.26%$1M157.7K
93ALKSALKERMES PLCSHS0.26%$1M49.5K
94VCYTVERACYTE INCCOM0.24%$1M46.1K
95ARCELLX INCCOMMON STOCK0.24%$1M22.7K
96SWIMLATHAM GROUP INCCOM0.24%$1M474.7K
97DVAXDYNAVAX TECHNOLOGIES CORPCOM NEW0.24%$1M89.1K
98VCELVERICEL CORPCOM0.23%$1M33.9K
99HALOHALOZYME THERAPEUTICS INCCOM0.21%$1M29.9K
100IBOCINTERNATIONAL BANCSHARES CORCOM0.11%$572,26110.5K

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 ↗.