CastleKnight group discloses 5.9% ADV stake in Schedule 13G/A filing
Rhea-AI Filing Summary
CastleKnight Master Fund LP and related entities filed an amended beneficial ownership report for Advantage Solutions Inc. They report beneficial ownership of 757,354 shares of Class A common stock, representing 5.9% of the class, with shared voting and dispositive power over all reported shares and no sole voting or dispositive power.
A note states that as of June 30, 2026, these reporting persons beneficially owned 581,347 shares, and as of August 14, 2026, they beneficially owned 757,354 shares. Multiple related entities and Aaron Weitman are each reported as beneficial owners of the same 5.9% stake.
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Key Figures
Beneficially owned shares: 757,354 shares
Percent of class: 5.9%
Prior beneficial ownership: 581,347 shares
+2 more
5 metrics
Beneficially owned shares
757,354 shares
Class A common stock beneficially owned as of August 14, 2026
Percent of class
5.9%
Percentage of Advantage Solutions Inc. Class A common stock
Prior beneficial ownership
581,347 shares
Class A common stock beneficially owned as of June 30, 2026
Shared voting power
757,354 shares
Shares over which each reporting person has shared voting power
Sole voting power
0 shares
Shares over which each reporting person has sole voting power
Key Terms
beneficially owned, shared voting power, shared dispositive power, parent holding company, +1 more
5 terms
beneficially owned financial
"This figure represents the amount of Class A common stock ... beneficially owned by the Reporting Persons"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
parent holding company financial
"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"
Schedule 13G regulatory
"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What stake in Advantage Solutions Inc. (ADV) does CastleKnight report in this Schedule 13G/A?
CastleKnight and related entities report beneficial ownership of 757,354 shares of Advantage Solutions Inc. Class A common stock, representing 5.9% of the class, with shared voting and dispositive power and no sole voting or dispositive power reported.
How has CastleKnight’s beneficial ownership in Advantage Solutions Inc. (ADV) changed over time?
The filing notes that as of June 30, 2026, the reporting persons beneficially owned 581,347 shares of ADV, while as of August 14, 2026, they beneficially owned 757,354 shares, indicating an increase in their reported share position.
Who are the reporting persons in the Advantage Solutions Inc. (ADV) Schedule 13G/A?
The reporting group comprises CastleKnight Master Fund LP, CastleKnight Fund GP LLC, CastleKnight Management LP, CastleKnight Management GP LLC, Weitman Capital LLC, and Aaron Weitman, each listed with the same 757,354 shares and 5.9% beneficial ownership of ADV Class A stock.
Is this Advantage Solutions Inc. (ADV) filing a joint Schedule 13G/A?
Yes. The entities and individual file jointly, supported by Exhibit A – Joint Filing Agreement. The filing also references Exhibit B – Control Person Identification, which further outlines the control relationships among the reporting persons.
AI-generated analysis. How Rhea-AI works. Not financial advice.