Fortrea Holdings
FTRE
429 hedge funds and large institutions have $3.66B invested in Fortrea Holdings in 2024 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 93 increasing their positions, 163 reducing their positions, and 63 closing their positions.
74% more call options, than puts
Call options by funds: $10.2M | Put options by funds: $5.85M
14% more capital invested
Capital invested by funds: $3.22B → $3.66B (+$441M)
5% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 63
1.81% less ownership
Funds ownership: 103.83% → 102.02% (-1.8%)
2% less funds holding
Funds holding: 437 → 429 (-8)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
43% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 163
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$37.1M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
+$33.3M |
| 3 |
ITP
Iron Triangle Partners
Cos Cob,
Connecticut
|
+$27.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$24.4M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
+$15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
-$79.5M |
| 2 |
Morgan Stanley
New York
|
-$77.3M |
| 3 |
SHCM
Sachem Head Capital Management
New York
|
-$31.9M |
| 4 |
JP Morgan Chase
New York
|
-$30.3M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$23.4M |
FTRE Hedge Fund Activity: Q1 2024 in Review
429 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Fortrea Holdings (FTRE) for Q1 2024, worth a combined $3.66B — up 14% from $3.22B a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of FTRE and 60 opened new positions — a net loss of 3 holders — while 163 trimmed existing stakes and 93 added.
The largest buyer was Victory Capital Management, adding an estimated $37.1M. The largest seller was Starboard Value, cutting an estimated $79.5M.
- 429 institutional investors held Fortrea Holdings (FTRE) as of Q1 2024, down from 437 in Q4 2023.
- Funds reported $3.66B of Fortrea Holdings stock for Q1 2024, up 14% quarter-over-quarter.
- 60 funds opened new Fortrea Holdings positions in Q1 2024 and 63 closed out, a net change of -3 holders.
- The largest Fortrea Holdings buyer in Q1 2024 was Victory Capital Management, an estimated $37.1M added.
- The largest Fortrea Holdings seller in Q1 2024 was Starboard Value, an estimated $79.5M sold.
Based on aggregated 13F filings for Q1 2024.