FORTREA HLDGS INC FTRE
COMMON STOCK · Common Stock · CUSIP 34965K107
- SectorHealth care
- IndustryServices-Medical Laboratories
- HeadquartersDurham, NC
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.8m this quarter). Holder counts are more reliable. Shares outstanding: 89.6m as of 2024-08-08, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $23.34. Options: 8 managers hold calls ($11.3m notional), 8 hold puts ($9.3m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2023 | 34 |
| Q3 2023 | 417 |
| Q4 2023 | 439 |
| Q1 2024 | 432 |
| Q2 2024 | 391 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 400 | 15 |
| Q4 2023 | 151 | 240 |
| Q1 2024 | 149 | 225 |
| Q2 2024 | 144 | 241 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $5.9m | $2.5m | 0.43 |
| Q4 2023 | $11.0m | $2.7m | 0.25 |
| Q1 2024 | $10.2m | $5.8m | 0.57 |
| Q2 2024 | $11.3m | $9.3m | 0.83 |
Biggest buyers
| BAUPOST GROUP LLC/MA | Added | +2.8m |
| Starboard Value LP | Added | +2.7m |
| FMR LLC | Added | +1.6m |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +1.4m |
| Magnetar Financial LLC | Added | +1.4m |
| BECK MACK & OLIVER LLC | Added | +1.2m |
| Diamond Hill Capital Management, LLC (Investment Advisor) | New | +993.7k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +918.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +892.8k |
| SCOPIA CAPITAL MANAGEMENT LP | Added | +819.0k |
Biggest sellers
| Boston Partners | Reduced | -2.9m |
| MORGAN STANLEY | Reduced | -2.7m |
| BlackRock Inc. | Reduced | -1.3m |
| CITADEL ADVISORS LLC | Reduced | -1.2m |
| FULLER & THALER ASSET MANAGEMENT, INC. | Sold out | -871.7k |
| Iron Triangle Partners LP | Sold out | -791.2k |
| FIL Ltd | Sold out | -403.7k |
| Schonfeld Strategic Advisors LLC | Reduced | -385.7k |
| Parkman Healthcare Partners LLC | Reduced | -275.0k |
| ExodusPoint Capital Management, LP | Sold out | -242.5k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Added | $6.3m270.0k shares |
| BARCLAYS PLC | New | $1.4m60.0k shares |
| GROUP ONE TRADING LLC | Added | $933.6k40.0k shares |
| CITADEL ADVISORS LLC | Added | $742.2k31.8k shares |
| Walleye Capital LLC | Added | $697.9k29.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $672.2k28.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $557.0k23.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.9m254.9k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $1.4m60.0k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $952.3k40.8k shares |
| IMC-Chicago, LLC | New | $375.8k16.1k shares |
| CITADEL ADVISORS LLC | Reduced | $371.1k15.9k shares |
| SIMPLEX TRADING, LLC | Added | $247.0k10.6k shares |
| Walleye Capital LLC | Reduced | $39.7k1.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +2.5 pts · filed 2025-07-17 | 15.3% |
| GOLDMAN SACHS GROUP INC 13G · institution new · filed 2025-08-13 | 8.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), Sessa Capital (Master), L.P. (4.3%, 2026-02-17), AQR CAPITAL MANAGEMENT LLC (4.1%, 2025-11-14)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 2 | $782.9k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 2 | $298.7k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-12 | Hanson James S. General Counsel | Bought | $50.6k2.0k shares |
| 2024-05-29 | Pike Thomas Chief Executive Officer, director | Bought | $248.1k10.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 16.1m $376.6m | Reduced -1.3m |
| VANGUARD GROUP INC 0.00% of their portfolio | 9.9m $230.3m | Reduced -47.9k |
| Starboard Value LP 4.35% of their portfolio | 8.0m $186.7m | Added +2.7m |
| Sessa Capital IM, L.P. 6.15% of their portfolio | 6.8m $157.5m | Added +375.0k |
| BECK MACK & OLIVER LLC 1.71% of their portfolio | 3.5m $82.6m | Added +1.2m |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 3.2m $74.2m | Added +93.3k |
| BAUPOST GROUP LLC/MA 2.02% of their portfolio | 3.1m $73.3m | Added +2.8m |
| STATE STREET CORP 0.00% of their portfolio | 3.0m $70.4m | Reduced -121.7k |
| Gates Capital Management, Inc. 1.84% of their portfolio | 2.6m $61.0m | Added +240.2k |
| FMR LLC 0.00% of their portfolio | 2.5m $58.7m | Added +1.6m |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 2.5m $57.6m | Added +918.2k |
| BRANDES INVESTMENT PARTNERS, LP 0.70% of their portfolio | 2.4m $56.8m | Added +519.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.07% of their portfolio | 2.4m $56.9m | Added +1.4m |
| Magnetar Financial LLC 0.97% of their portfolio | 2.0m $46.3m | Added +1.4m |
| Coliseum Capital Management, LLC 4.03% of their portfolio | 1.9m $45.3m | Added +395.9k |
| MORGAN STANLEY 0.00% of their portfolio | 1.8m $43.2m | Reduced -2.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.5m $34.6m | Added +95.9k |
| SCOPIA CAPITAL MANAGEMENT LP 5.08% of their portfolio | 1.5m $34.3m | Added +819.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $33.0m | Reduced -61.1k |
| Boston Partners 0.03% of their portfolio | 1.0m $23.6m | Reduced -2.9m |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.10% of their portfolio | 993.7k $23.2m | New |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 934.0k $21.8m | Added +43.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 923.9k $21.6m | Added +192.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.09% of their portfolio | 908.5k $21.2m | Added +892.8k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 833.8k $19.5m | Added +670.4k |
| JANA Partners Management, LP 0.94% of their portfolio | 690.0k $16.1m | New |
| Invesco Ltd. 0.00% of their portfolio | 681.5k $15.9m | Added +271.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 677.8k $15.8m | Added +11.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 601.3k $14.0m | Added +87.7k |
| PENN DAVIS MCFARLAND INC 2.12% of their portfolio | 588.5k $13.7m | Added +18.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 561.2k $13.1m | Reduced -10.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 561.1k $13.1m | Reduced -5.9k |
| HBK INVESTMENTS L P 0.29% of their portfolio | 518.5k $12.1m | Not comparable |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 507.9k $11.9m | Reduced -19.9k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.33% of their portfolio | 456.9k $10.7m | Added +272.8k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 454.7k $10.6m | Added +87.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 439.1k $10.2m | Reduced -43.5k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 407.8k $9.5m | Added +114.9k |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 377.4k $8.8m | Added +108.5k |
| GW&K Investment Management, LLC 0.08% of their portfolio | 370.3k $8.6m | Added +26.9k |
| NORGES BANK 0.00% of their portfolio | 346.2k $8.1m | Reduced -192.6k |
| Hudson Bay Capital Management LP 0.06% of their portfolio | 333.9k $7.8m | Added +110.7k |
| Penn Capital Management Company, LLC 0.71% of their portfolio | 321.2k $7.5m | Reduced -67.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 314.0k $7.3m | Reduced -646 |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.58% of their portfolio | 298.3k $7.0m | Added +172.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 295.6k $6.9m | Reduced -130.6k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 281.0k $6.6m | Added +198.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 261.3k $6.1m | Reduced -25.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 255.3k $6.0m | Added +96.2k |
| Squarepoint Ops LLC 0.02% of their portfolio | 252.8k $5.9m | Added +214.4k |
| Clearline Capital LP 0.51% of their portfolio | 249.5k $5.8m | Added +190.7k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 249.0k $5.8m | Reduced -1.2m |
| Legal & General Group Plc 0.00% of their portfolio | 245.9k $5.7m | Added +970 |
| TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio | 245.0k $5.7m | New |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 237.3k $5.5m | Reduced -220.3k |
| TRUIST FINANCIAL CORP 0.01% of their portfolio | 236.3k $5.5m | Reduced -74.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 230.8k $5.4m | Reduced -7.6k |
| Rivermont Capital Management LP 2.19% of their portfolio | 219.3k $5.1m | Reduced -122.0k |
| CenterBook Partners LP 0.31% of their portfolio | 214.0k $5.0m | New |
| EASTERLY INVESTMENT PARTNERS LLC 0.43% of their portfolio | 211.2k $4.9m | New |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 201.2k $4.7m | New |
| Public Sector Pension Investment Board 0.03% of their portfolio | 196.7k $4.6m | Added +14.7k |
| Willis Investment Counsel 0.29% of their portfolio | 182.1k $4.2m | Added +638 |
| APG Asset Management N.V. 0.01% of their portfolio | 176.9k $3.9m | Reduced -17.7k |
| Morningstar Investment Services LLC 0.04% of their portfolio | 169.2k $3.9m | Reduced -1.2k |
| AXIOM INVESTORS LLC /DE 0.03% of their portfolio | 167.6k $3.9m | Reduced -61.1k |
| Swiss National Bank 0.00% of their portfolio | 167.0k $3.9m | Added +800 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 166.0k $3.9m | Reduced -47.2k |
| Kepos Capital LP 1.50% of their portfolio | 165.0k $3.9m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 161.9k $3.8m | Added +137.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 160.4k $3.7m | Added +154.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 159.3k $3.7m | Reduced -35.6k |
| Parkman Healthcare Partners LLC 0.49% of their portfolio | 152.8k $3.6m | Reduced -275.0k |
| California Public Employees Retirement System 0.00% of their portfolio | 151.2k $3.5m | Added +29.3k |
| CITIGROUP INC 0.00% of their portfolio | 144.9k $3.4m | Added +23.9k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 144.0k $3.3m | Reduced -90.4k |
| UBS Group AG 0.00% of their portfolio | 128.0k $3.0m | Reduced -35.7k |
| Holocene Advisors, LP 0.01% of their portfolio | 127.0k $3.0m | Reduced -27.5k |
| Redwood Investment Management, LLC 0.26% of their portfolio | 124.6k $3.1m | Added +42.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 120.2k $2.8m | Added +7.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 108.5k $2.5m | Reduced -700 |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 105.5k $2.5m | Reduced -156.9k |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.20% of their portfolio | 105.3k $2.5m | Unchanged |
| Cohen Capital Management, Inc. 0.42% of their portfolio | 104.5k $2.4m | Added +49.6k |
| FINANCIAL COUNSELORS INC 0.04% of their portfolio | 96.4k $2.2m | Added +1.5k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 94.1k $2.2m | Reduced -4.8k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 87.8k $2.0m | Added +8.9k |
| Jump Financial, LLC 0.04% of their portfolio | 85.8k $2.0m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 83.5k $1.9m | Reduced -1.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 82.6k $1.9m | Added +76.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 82.4k $1.9m | New |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 74.2k $1.7m | Reduced -2.8k |
| QSV Equity Investors LLC 1.62% of their portfolio | 66.7k $1.6m | Added +16.7k |
| Hedeker Wealth, LLC 0.42% of their portfolio | 62.2k $1.5m | Reduced -2.4k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 56.3k $1.3m | Reduced -80.4k |
| GABELLI FUNDS LLC 0.01% of their portfolio | 55.4k $1.3m | Reduced -320 |
| BARCLAYS PLC 0.00% of their portfolio | 54.4k $1.3m | Reduced -10.9k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 53.1k $1.2m | Reduced -1.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 52.4k $1.2m | Added +1.9k |
| IRIDIAN ASSET MANAGEMENT LLC/CT 0.28% of their portfolio | 52.2k $1.2m | Added +180 |