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Fortrea Holdings
FTRE

437 hedge funds and large institutions have $3.22B invested in Fortrea Holdings in 2023 Q4 according to their latest regulatory filings, with 87 funds opening new positions, 87 increasing their positions, 178 reducing their positions, and 60 closing their positions.

New
Increased
Maintained
Reduced
Closed

221% more call options, than puts

Call options by funds: $8.67M | Put options by funds: $2.7M

45% more first-time investments, than exits

New positions opened: 87 | Existing positions closed: 60

26% more capital invested

Capital invested by funds: $2.55B → $3.22B (+$671M)

5% more funds holding

Funds holding: 415 → 437 (+22)

3.55% more ownership

Funds ownership: 100.28% → 103.83% (+3.5%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

51% less repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 178

Holders
437
Holders Change
+22
Holders Change %
+5.3%
% of All Funds
6.37%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
87
Increased
87
Reduced
178
Closed
60
Calls
$8.67M
Puts
$2.7M
Net Calls
+$5.97M
Net Calls Change
+$2.63M

Top Buyers

Rank Fund Capital Flow
1
SV
Starboard Value
New York
+$232M
2
Morgan Stanley
Morgan Stanley
New York
+$60.2M
3
SC
Sessa Capital
New York
+$33.6M
4
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
+$19M
5
CCM
Coliseum Capital Management
Connecticut
+$17.2M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$111M
2
GCM
Gates Capital Management
New York
-$61M
3
SHCM
Sachem Head Capital Management
New York
-$32.9M
4
Citigroup
Citigroup
New York
-$26.5M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$24.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Voloridge Investment Management
76
Voloridge Investment Management
Florida
$3.41M +$2.98M +97,631 New
Comerica Bank
77
Comerica Bank
Texas
$3.32M +$1.24M +40,702 +75%
FCI
78
Financial Counselors Inc
Kansas
$3.3M -$20.2K -662 -0.7%
NIM
79
Needham Investment Management
New York
$3.26M +$405K +13,250 +17%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
80
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$3.25M +$2.84M +93,000 New
ICP
81
Ironvine Capital Partners
Nebraska
$3.22M +$2.08K +68 +0.1%
RIM
82
Redwood Investment Management
Arizona
$3.21M +$2.81M +92,033 New
California State Teachers Retirement System (CalSTRS)
83
California State Teachers Retirement System (CalSTRS)
California
$3.17M -$250K -8,163 -8%
CS
84
Credit Suisse
Switzerland
$3.03M -$299K -9,788 -10%
Jane Street
85
Jane Street
New York
$2.99M +$1.22M +39,999 +88%
State Board of Administration of Florida Retirement System
86
State Board of Administration of Florida Retirement System
Florida
$2.88M +$2.66K +87 +0.1%
State of New Jersey Common Pension Fund D
87
State of New Jersey Common Pension Fund D
New Jersey
$2.82M -$336K -10,992 -12%
Thrivent Financial for Lutherans
88
Thrivent Financial for Lutherans
Minnesota
$2.76M -$58.8K -1,923 -2%
YIH
89
Y-Intercept (HK)
Hong Kong
$2.72M +$2.39M +78,042 New
TPSF
90
Texas Permanent School Fund
Texas
$2.68M +$44.7K +1,463 +2%
PP
91
PDT Partners
New York
$2.63M +$2.31M +75,429 New
MCM
92
McKinley Capital Management
Alaska
$2.43M +$2.13M +69,740 New
APG Asset Management
93
APG Asset Management
Netherlands
$2.16M -$445K -14,550 -18%
GT
94
Glenmede Trust
Pennsylvania
$2.15M -$325K -10,621 -15%
CC
95
Clearline Capital
New York
$2.05M -$3.04M -99,550 -63%
GF
96
Gabelli Funds
New York
$2.05M +$48.2K +1,575 +3%
D.E. Shaw & Co
97
D.E. Shaw & Co
New York
$2M +$1.26M +41,213 +254%
SOADOR
98
State of Alaska Department of Revenue
Alaska
$1.93M -$16.3K -534 -1%
PGFC
99
Peapack-Gladstone Financial Corp
New Jersey
$1.9M -$355K -11,626 -18%
State of Tennessee, Department of Treasury
100
State of Tennessee, Department of Treasury
Tennessee
$1.88M +$100K +3,270 +6%
2 3
4
5 6

FTRE Hedge Fund Activity: Q4 2023 in Review

437 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Fortrea Holdings (FTRE) for Q4 2023, worth a combined $3.22B — up 26% from $2.55B a quarter earlier.

Buyers outnumbered sellers: 87 funds opened new FTRE positions and 60 closed out — a net gain of 27 holders — while 87 added to existing stakes and 178 trimmed.

The largest buyer was Starboard Value, opening a new position worth an estimated $232M. The largest seller was UBS Group, cutting an estimated $111M.

  • 437 institutional investors held Fortrea Holdings (FTRE) as of Q4 2023, up from 415 in Q3 2023.
  • Funds reported $3.22B of Fortrea Holdings stock for Q4 2023, up 26% quarter-over-quarter.
  • 87 funds opened new Fortrea Holdings positions in Q4 2023 and 60 closed out, a net change of +27 holders.
  • The largest Fortrea Holdings buyer in Q4 2023 was Starboard Value, an estimated $232M added.
  • The largest Fortrea Holdings seller in Q4 2023 was UBS Group, an estimated $111M sold.

Based on aggregated 13F filings for Q4 2023.