ADVENT INTERNATIONAL, L.P. Diversified Active

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $4,832,052 (100.0% shares, 0.0% debt)

Holdings (24)

New Positions (1)

Value ($000) $362,212 Shares 11,059,899 Est. Cost $35.62 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WAY	WAYSTAR HLDG CORP	11,059,899	$362,212	7.5%	$35.62	0.0%	COM	946784105

Increased Positions (5)

SEI SOLARIS ENERGY INFRAS INC 1.2%

Value ($000) $58,097 (+44.4%) Shares 1,263,809 (+25.5%) Est. Cost $34.61 Unrealized +39.5%

MRVL MARVELL TECHNOLOGY INC 1.3%

Value ($000) $62,536 (+13.8%) Shares 735,890 (+12.6%) Est. Cost $76.49 Unrealized +14.3%

OWL BLUE OWL CAPITAL INC 2.1%

Value ($000) $99,901 (+7.7%) Shares 6,686,817 (+22.1%) Est. Cost $15.59 Unrealized +0.3%

GFL GFL ENVIRONMENTAL INC 0.3%

Value ($000) $16,282 (-5.9%) Shares 379,092 (+3.9%) Est. Cost $38.13 Unrealized +17.2%

SNPS SYNOPSYS INC 0.3%

Value ($000) $12,159 (-3.2%) Shares 25,885 (+1.7%) Est. Cost $563.26 Unrealized -21.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SEI	SOLARIS ENERGY INFRAS INC	1,263,809 (+25.5%)	$58,097 (+44.4%)	1.2%	$34.61	+39.5%	COM CL A	83418M103
MRVL	MARVELL TECHNOLOGY INC	735,890 (+12.6%)	$62,536 (+13.8%)	1.3%	$76.49	+14.3%	COM	573874104
OWL	BLUE OWL CAPITAL INC	6,686,817 (+22.1%)	$99,901 (+7.7%)	2.1%	$15.59	+0.3%	COM CL A	09581B103
GFL	GFL ENVIRONMENTAL INC	379,092 (+3.9%)	$16,282 (-5.9%)	0.3%	$38.13	+17.2%	SUB VTG SHS	36168Q104
SNPS	SYNOPSYS INC	25,885 (+1.7%)	$12,159 (-3.2%)	0.3%	$563.26	-21.1%	COM	871607107

Exited Positions (2)

CCC CCC INTELLIGENT SOLUTIONS HL 7.0%

Value ($000) $340,190 Shares 37,342,526 Est. Cost $10.34 Unrealized -21.3%

FWRG FIRST WATCH RESTAURANT GROUP 1.7%

Value ($000) $82,732 Shares 5,289,784 Est. Cost $19.92 Unrealized -15.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCC	CCC INTELLIGENT SOLUTIONS HL	37,342,526	$340,190	7.0%	$10.34	-21.3%	—	12510Q100
FWRG	FIRST WATCH RESTAURANT GROUP	5,289,784	$82,732	1.7%	$19.92	-15.4%	—	33748L101

Decreased Positions (7)

CRS CARPENTER TECHNOLOGY CORP 2.2%

Value ($000) $107,418 (-21.6%) Shares 341,182 (-38.8%) Est. Cost $81.15 Unrealized +270.4%

TDG TRANSDIGM GROUP INC 0.2%

Value ($000) $8,689 (-70.4%) Shares 6,534 (-70.7%) Est. Cost $322.10 Unrealized +306.9%

NU NU HLDGS LTD 3.1%

Value ($000) $150,617 (-6.5%) Shares 8,997,459 (-10.5%) Est. Cost $9.21 Unrealized +74.5%

WDAY WORKDAY INC 1.2%

Value ($000) $57,319 (-15.0%) Shares 266,875 (-4.7%) Est. Cost $243.78 Unrealized -6.8%

DT DYNATRACE INC 1.0%

Value ($000) $49,521 (-15.4%) Shares 1,142,626 (-5.4%) Est. Cost $49.74 Unrealized -6.3%

ARES ARES MANAGEMENT COROPATION 0.0%

Value ($000) $733 (-87.5%) Shares 4,535 (-87.7%) Est. Cost $155.27 Unrealized -0.2%

TSM TAIWAN SEMICONDUCTOR MFG LTD 2.5%

Value ($000) $122,468 (-2.2%) Shares 403,000 (-10.1%) Est. Cost $249.03 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRS	CARPENTER TECHNOLOGY CORP	341,182 (-38.8%)	$107,418 (-21.6%)	2.2%	$81.15	+270.4%	COM	144285103
TDG	TRANSDIGM GROUP INC	6,534 (-70.7%)	$8,689 (-70.4%)	0.2%	$322.10	+306.9%	COM	893641100
NU	NU HLDGS LTD	8,997,459 (-10.5%)	$150,617 (-6.5%)	3.1%	$9.21	+74.5%	ORD SHS CL A	G6683N103
WDAY	WORKDAY INC	266,875 (-4.7%)	$57,319 (-15.0%)	1.2%	$243.78	-6.8%	CL A	98138H101
DT	DYNATRACE INC	1,142,626 (-5.4%)	$49,521 (-15.4%)	1.0%	$49.74	-6.3%	COM NEW	268150109
ARES	ARES MANAGEMENT COROPATION	4,535 (-87.7%)	$733 (-87.5%)	0.0%	$155.27	-0.2%	CL A COM STK	03990B101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	403,000 (-10.1%)	$122,468 (-2.2%)	2.5%	$249.03	—	SPONSORED ADS	874039100

Unchanged Positions (11)

NIQ NIQ GLOBAL INTELLIGENCE PLC 51.0%

Value ($000) $2,463,280 Shares 149,380,246 Est. Cost $17.40 Unrealized -15.9%

DH DEFINITIVE HEALTHCARE CORP 3.7%

Value ($000) $180,534 Shares 62,493,676 Est. Cost $44.39 Unrealized -93.8%

CINT CI&T INC 4.2%

Value ($000) $202,026 Shares 49,637,891 Est. Cost $6.38 Unrealized -28.7%

NCSM NCS MULTISTAGE HOLDINGS INC 1.2%

Value ($000) $58,383 Shares 1,478,426 Est. Cost $32.27 Unrealized +23.8%

OLPX OLAPLEX HLDGS INC 13.9%

Value ($000) $669,288 Shares 499,468,771 Est. Cost $24.50 Unrealized -95.1%

GPI GROUP 1 AUTOMOTIVE INC 1.1%

Value ($000) $54,260 Shares 137,960 Est. Cost $349.17 Unrealized +17.6%

LAD LITHIA MTRS INC 1.0%

Value ($000) $50,405 Shares 151,671 Est. Cost $304.60 Unrealized +4.2%

EQH EQUITABLE HLDGS INC 0.5%

Value ($000) $25,469 Shares 534,510 Est. Cost $52.55 Unrealized -10.1%

ADSK AUTODESK INC 0.3%

Value ($000) $15,255 Shares 51,315 Est. Cost $304.73 Unrealized -0.7%

RPID RAPID MICRO BIOSYSTEMS INC 0.0%

Value ($000) $1,676 Shares 577,777 Est. Cost $20.66 Unrealized -83.2%

INTU INTUIT 0.1%

Value ($000) $3,523 Shares 5,318 Est. Cost $518.87 Unrealized +27.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NIQ	NIQ GLOBAL INTELLIGENCE PLC	149,380,246	$2,463,280	51.0%	$17.40	-15.9%	ORDINARY SHARES	G63755105
DH	DEFINITIVE HEALTHCARE CORP	62,493,676	$180,534	3.7%	$44.39	-93.8%	CLASS A COM	24477E103
CINT	CI&T INC	49,637,891	$202,026	4.2%	$6.38	-28.7%	COM CL A	G21307106
NCSM	NCS MULTISTAGE HOLDINGS INC	1,478,426	$58,383	1.2%	$32.27	+23.8%	COM NEW	628877201
OLPX	OLAPLEX HLDGS INC	499,468,771	$669,288	13.9%	$24.50	-95.1%	COM	679369108
GPI	GROUP 1 AUTOMOTIVE INC	137,960	$54,260	1.1%	$349.17	+17.6%	COM	398905109
LAD	LITHIA MTRS INC	151,671	$50,405	1.0%	$304.60	+4.2%	COM	536797103
EQH	EQUITABLE HLDGS INC	534,510	$25,469	0.5%	$52.55	-10.1%	COM	29452E101
ADSK	AUTODESK INC	51,315	$15,255	0.3%	$304.73	-0.7%	COM	052769106
RPID	RAPID MICRO BIOSYSTEMS INC	577,777	$1,676	0.0%	$20.66	-83.2%	CLASS A COM	75340L104
INTU	INTUIT	5,318	$3,523	0.1%	$518.87	+27.3%	COM	461202103