When you apply the activity party filter on Advanced find, you may receive an 'Invalid Argument' error.

Activity Party Lists are not available to apply as filter directly in Advanced find. These fields are also, by default, not searchable, hence cannot be used in the advanced find or quick find views. In metadata, the default property of these attributes (IsValidForAdvancedFind) is false.

The participation types of Activity party Lists in the CRM are:

BCC Recipient
CC Recipient
Optional attendee
Required attendee
To Recipient

You can't apply filters on these fields

The filter is applied as shown below:

Source: The idea of the solution is taken from the following MS article (by Inogic) when I ran into a similar error https://community.dynamics.com/crm/f/117/t/210359