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 ($352.6k this quarter). Holder counts are more reliable. Shares outstanding: 90.8m as of 2025-08-04, 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 ≈ $4.94. Options: 10 managers hold calls ($7.0m notional), 9 hold puts ($2.6m).
Trends to Q2 2025
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 |
| Q3 2024 | 355 |
| Q4 2024 | 353 |
| Q1 2025 | 361 |
| Q2 2025 | 341 |
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 |
| Q3 2024 | 108 | 225 |
| Q4 2024 | 128 | 194 |
| Q1 2025 | 166 | 163 |
| Q2 2025 | 165 | 175 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $10.8m | $2.2m | 0.20 |
| Q4 2024 | $29.1m | $20.8m | 0.71 |
| Q1 2025 | $6.1m | $3.1m | 0.50 |
| Q2 2025 | $7.0m | $2.6m | 0.38 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +7.4m |
| AQR CAPITAL MANAGEMENT LLC | Added | +5.4m |
| STATE STREET CORP | Added | +1.2m |
| D. E. Shaw & Co., Inc. | New | +1.1m |
| BANK OF NOVA SCOTIA | New | +1.0m |
| ROYAL BANK OF CANADA | Added | +929.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +837.6k |
| UBS Group AG | Added | +786.8k |
| ALGERT GLOBAL LLC | Added | +716.1k |
| TWO SIGMA INVESTMENTS, LP | Added | +668.5k |
Biggest sellers
| Starboard Value LP | Reduced | -2.8m |
| MORGAN STANLEY | Reduced | -2.8m |
| BlackRock, Inc. | Reduced | -2.7m |
| FMR LLC | Reduced | -2.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.8m |
| VANGUARD GROUP INC | Reduced | -1.3m |
| Pacer Advisors, Inc. | Sold out | -1.1m |
| NORDEA INVESTMENT MANAGEMENT AB | Sold out | -1.0m |
| BECK MACK & OLIVER LLC | Reduced | -916.2k |
| CITADEL ADVISORS LLC | Reduced | -913.8k |
Biggest calls
| Centiva Capital, LP | Added | $2.4m493.9k shares |
| Walleye Capital LLC | Added | $1.6m318.8k shares |
| NOMURA HOLDINGS INC | New | $741.0k150.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $705.9k142.9k shares |
| Walleye Trading LLC | Added | $670.4k135.7k shares |
| JANE STREET GROUP, LLC | Added | $417.4k84.5k shares |
| GROUP ONE TRADING LLC | Reduced | $265.8k53.8k shares |
| SIMPLEX TRADING, LLC | Added | $146.0k29.7k shares |
| Cubist Systematic Strategies, LLC | New | $53.4k10.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| UBS Group AG | New | $1.2m250.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $761.7k154.2k shares |
| Walleye Capital LLC | Added | $264.3k53.5k shares |
| CITADEL ADVISORS LLC | Added | $217.4k44.0k shares |
| Cubist Systematic Strategies, LLC | New | $85.0k17.2k shares |
| Walleye Trading LLC | Added | $63.7k12.9k shares |
| GROUP ONE TRADING LLC | Reduced | $6.4k1.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.0k600 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 2025
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 2023 | 2 | $782.9k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 2 | $298.7k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 4 | $286.6k | — |
| Q2 2025 | 0 | — | 3 | $22.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-03 | Mcconnell Jill G. Chief Financial Officer | Sold | $13.1k3.1k shares |
| 2025-06-03 | Morais Mark A. Chief Operating Officer | Sold | $13.1k3.1k shares |
| 2025-06-03 | Hanson James S. General Counsel | Sold | $9.1k2.2k 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 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 14.6m $72.2m | Reduced -2.7m |
| VANGUARD GROUP INC 0.00% of their portfolio | 8.7m $42.9m | Reduced -1.3m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 7.9m $39.0m | Added +7.4m |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 6.5m $31.7m | Added +5.4m |
| Corvex Management LP 0.94% of their portfolio | 4.5m $22.3m | Added +33.6k |
| STATE STREET CORP 0.00% of their portfolio | 4.4m $21.9m | Added +1.2m |
| Sessa Capital IM, L.P. 0.60% of their portfolio | 4.0m $19.7m | Reduced -700.0k |
| FMR LLC 0.00% of their portfolio | 3.1m $15.2m | Reduced -2.2m |
| MORGAN STANLEY 0.00% of their portfolio | 2.7m $13.1m | Reduced -2.8m |
| Starboard Value LP 0.21% of their portfolio | 2.5m $12.3m | Reduced -2.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.2m $10.7m | Added +589.1k |
| BECK MACK & OLIVER LLC 0.19% of their portfolio | 2.0m $10.0m | Reduced -916.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.8m $8.8m | Added +837.6k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.7m $8.6m | Reduced -1.8m |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.6m $8.0m | Added +462.8k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.11% of their portfolio | 1.3m $6.4m | Added +527.6k |
| Coliseum Capital Management, LLC 0.44% of their portfolio | 1.2m $6.1m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 1.2m $5.9m | Added +786.8k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.1m $5.3m | Added +668.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.1m $5.2m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.1m $5.2m | Added +929.6k |
| ALGERT GLOBAL LLC 0.11% of their portfolio | 1.0m $5.1m | Added +716.1k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 1.0m $5.1m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $5.0m | Added +396.9k |
| Invesco Ltd. 0.00% of their portfolio | 897.8k $4.4m | Added +188.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 856.3k $4.2m | Added +515.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 689.9k $3.4m | Reduced -174.6k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 637.9k $3.2m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 623.0k $3.1m | Added +67.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 592.6k $2.9m | Added +207.1k |
| CITIGROUP INC 0.00% of their portfolio | 585.3k $2.9m | Added +140.5k |
| PDT Partners, LLC 0.16% of their portfolio | 556.3k $2.7m | Added +429.3k |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 547.2k $2.7m | Added +346.5k |
| BARCLAYS PLC 0.00% of their portfolio | 487.7k $2.4m | Added +169.0k |
| MUFG Securities EMEA plc 0.11% of their portfolio | 487.0k $2.4m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 480.9k $2.4m | Added +152.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.02% of their portfolio | 451.1k $2.2m | Added +295.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 448.8k $2.2m | Added +2.6k |
| Hudson Bay Capital Management LP 0.01% of their portfolio | 440.0k $2.2m | Added +139.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 426.9k $2.1m | Reduced -180.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 422.5k $2.1m | Added +297.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 418.5k $2.1m | Added +150.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 408.2k $2.0m | Reduced -96.4k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 402.9k $2.0m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 378.5k $1.9m | Added +249.0k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 374.0k $1.8m | Reduced -848.8k |
| Kerrisdale Advisers, LLC 0.92% of their portfolio | 358.2k $1.8m | Added +82.9k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 351.5k $1.7m | Added +307.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 318.1k $1.6m | Added +35.3k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 314.1k $1.6m | Added +269.4k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 308.6k $1.5m | Added +24.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 302.0k $1.5m | Added +66.4k |
| Nuveen, LLC 0.00% of their portfolio | 299.5k $1.5m | Reduced -28.8k |
| Voleon Capital Management LP 0.08% of their portfolio | 277.4k $1.4m | New |
| Allianz Asset Management GmbH 0.00% of their portfolio | 254.1k $1.3m | Added +195.7k |
| Legal & General Group Plc 0.00% of their portfolio | 241.3k $1.2m | Added +4.7k |
| ING GROEP NV 0.01% of their portfolio | 238.1k $1.2m | New |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 229.4k $1.1m | Added +107.5k |
| BRANDES INVESTMENT PARTNERS, LP 0.01% of their portfolio | 224.3k $1.1m | Added +94.4k |
| Eversept Partners, LP 0.11% of their portfolio | 219.4k $1.1m | Reduced -73.9k |
| Cohen Capital Management, Inc. 0.17% of their portfolio | 214.6k $1.1m | Reduced -2.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 194.5k $961.0k | Reduced -32.6k |
| Engineers Gate Manager LP 0.01% of their portfolio | 177.3k $875.8k | Added +83.0k |
| Sequoia Financial Advisors, LLC 0.01% of their portfolio | 176.2k $870.2k | Added +1.8k |
| Swiss National Bank 0.00% of their portfolio | 165.1k $815.7k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 149.0k $735.9k | Reduced -913.8k |
| Prescott Group Capital Management, L.L.C. 0.08% of their portfolio | 141.8k $700.3k | New |
| Man Group plc 0.00% of their portfolio | 132.7k $655.7k | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 132.6k $655.0k | Added +129.7k |
| ARISTEIA CAPITAL, L.L.C. 0.02% of their portfolio | 131.2k $648.4k | New |
| CWM, LLC 0.00% of their portfolio | 129.0k $637.0k | Added +110.2k |
| INTRUST BANK NA 0.05% of their portfolio | 123.7k $611.3k | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 122.5k $605.1k | Added +87.5k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 111.1k $556.6k | Added +56.1k |
| Centiva Capital, LP 0.04% of their portfolio | 108.5k $536.2k | Reduced -68.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 107.7k $532.0k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 106.3k $525.0k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 105.6k $521.5k | Reduced -500.6k |
| STRS OHIO 0.00% of their portfolio | 105.3k $520.2k | New |
| ASSETMARK, INC 0.00% of their portfolio | 102.4k $505.7k | Added +50.6k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 101.0k $499.1k | Reduced -420.3k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 100.7k $497.3k | Reduced -111.5k |
| TANG CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 100.0k $494.0k | Unchanged |
| Quantinno Capital Management LP 0.00% of their portfolio | 98.6k $487.0k | Added +59.3k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 95.3k $471.0k | Reduced -18.6k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 95.0k $469.4k | Unchanged |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 87.2k $431.0k | Reduced -3.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 80.0k $395.0k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 79.8k $394.4k | Added +66.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 79.2k $392.0k | Added +13.7k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 78.4k $409.0k | Added +62.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 78.2k $386.5k | Reduced -4.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 74.8k $369.4k | Added +43.7k |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 74.2k $366.6k | New |
| Cerity Partners LLC 0.00% of their portfolio | 74.2k $367.5k | Added +45.2k |
| State of Wyoming 0.04% of their portfolio | 73.6k $363.8k | Added +48.6k |
| Lombard Odier Asset Management (USA) Corp 0.09% of their portfolio | 69.0k $340.9k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 61.6k $304.1k | Reduced -48.9k |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 60.0k $296.5k | Reduced -43.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 57.3k $283.2k | Reduced -69.5k |