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Fortrea Holdings

388 hedge funds and large institutions have $2.38B invested in Fortrea Holdings in 2024 Q2 according to their latest regulatory filings, with 52 funds opening new positions, 102 increasing their positions, 150 reducing their positions, and 88 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more call options, than puts

Call options by funds: $11.3M | Put options by funds: $9.34M

12.08% more ownership

Funds ownership: 102.02%114.1% (+12%)

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

10% less funds holding

Funds holding: 429388 (-41)

32% less repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 150

35% less capital invested

Capital invested by funds: $3.66B → $2.38B (-$1.28B)

41% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 88

Holders
388
Holders Change
-41
Holders Change %
-9.56%
% of All Funds
5.6%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
52
Increased
102
Reduced
150
Closed
88
Calls
$11.3M
Puts
$9.34M
Net Calls
+$1.97M
Net Calls Change
-$2.35M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$377M -$41.5M -1,338,248 -8%
Vanguard Group
2
Vanguard Group
Pennsylvania
$230M -$1.49M -47,929 -0.5%
SV
3
Starboard Value
New York
$187M +$83.7M +2,698,000 +51%
SC
4
Sessa Capital
New York
$158M +$11.6M +375,000 +6%
BMO
5
Beck Mack & Oliver
New York
$82.6M +$36.3M +1,168,791 +49%
AllianceBernstein
6
AllianceBernstein
Tennessee
$74.2M +$2.9M +93,285 +3%
BG
7
Baupost Group
Massachusetts
$73.3M +$88.1M +2,836,563 +934%
State Street
8
State Street
Massachusetts
$70.4M -$3.78M -121,689 -4%
GCM
9
Gates Capital Management
New York
$61M +$7.46M +240,239 +10%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$58.7M +$48.6M +1,566,871 +165%
Victory Capital Management
11
Victory Capital Management
Texas
$57.6M +$28.5M +918,240 +59%
Nordea Investment Management
12
Nordea Investment Management
Sweden
$56.9M +$44.3M +1,427,368 +145%
BIP
13
Brandes Investment Partners
California
$56.8M +$16.1M +519,344 +27%
MF
14
Magnetar Financial
Illinois
$46.3M +$42.9M +1,381,489 +229%
CCM
15
Coliseum Capital Management
Connecticut
$45.3M +$12.3M +395,913 +26%
Morgan Stanley
16
Morgan Stanley
New York
$43.2M +$10.2M +329,272 +22%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$34.6M +$2.98M +95,936 +7%
SCM
18
Scopia Capital Management
New York
$34.3M +$25.4M +819,024 +126%
Bank of America
19
Bank of America
North Carolina
$33M -$1.9M -61,079 -4%
Boston Partners
20
Boston Partners
Massachusetts
$23.6M -$90.4M -2,911,173 -74%
Diamond Hill Capital Management
21
Diamond Hill Capital Management
Ohio
$23.2M +$30.8M +993,675 New
Dimensional Fund Advisors
22
Dimensional Fund Advisors
Texas
$21.8M +$1.34M +43,176 +5%
New York State Common Retirement Fund
23
New York State Common Retirement Fund
New York
$21.6M +$5.98M +192,640 +26%
Jacobs Levy Equity Management
24
Jacobs Levy Equity Management
New Jersey
$21.2M +$27.7M +892,806 +5,685%
Jennison Associates
25
Jennison Associates
New York
$19.5M +$20.8M +670,354 +410%

FTRE Hedge Fund Activity: Q2 2024 in Review

388 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Fortrea Holdings (FTRE) for Q2 2024, worth a combined $2.38B — down 35% from $3.66B a quarter earlier.

Sellers outnumbered buyers: 88 funds closed out of FTRE and 52 opened new positions — a net loss of 36 holders — while 150 trimmed existing stakes and 102 added.

The largest buyer was Baupost Group, adding an estimated $88.1M. The largest seller was Boston Partners, cutting an estimated $90.4M.

  • 388 institutional investors held Fortrea Holdings (FTRE) as of Q2 2024, down from 429 in Q1 2024.
  • Funds reported $2.38B of Fortrea Holdings stock for Q2 2024, down 35% quarter-over-quarter.
  • 52 funds opened new Fortrea Holdings positions in Q2 2024 and 88 closed out, a net change of -36 holders.
  • The largest Fortrea Holdings buyer in Q2 2024 was Baupost Group, an estimated $88.1M added.
  • The largest Fortrea Holdings seller in Q2 2024 was Boston Partners, an estimated $90.4M sold.

Based on aggregated 13F filings for Q2 2024.