AQR Discloses 7.2% Stake in Fortrea (6.52M Shares) on Schedule 13G

AQR Capital Management, LLC and AQR Capital Management Holdings, LLC reported beneficial ownership of 6,515,124 shares of Fortrea Holdings Inc. common stock, representing 7.2% of the class based on the event date 06/30/2025.

Rhea-AI Filing Summary

AQR Capital Management, LLC and AQR Capital Management Holdings, LLC reported beneficial ownership of 6,515,124 shares of Fortrea Holdings Inc. common stock, representing 7.2% of the class based on the event date 06/30/2025. Both reporting persons state shared voting and shared dispositive power for all reported shares and report no sole voting or dispositive power. The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control. The exhibit discloses that AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC. The Schedule 13G was signed on 08/14/2025.

Insights

Financial Analyst

TL;DR: AQR disclosed a 7.2% beneficial stake (6,515,124 shares) in Fortrea; filing reports shared voting/dispositive power and ordinary-course holding.

The Schedule 13G is a routine institutional disclosure documenting that AQR Capital Management and its parent hold 6,515,124 shares of Fortrea (7.2%). The filing states no sole voting or dispositive power and records shared voting and dispositive power for the full position. The certification explicitly says the shares are held in the ordinary course of business and not to influence control, which aligns with a passive reporting posture rather than an activist intent. Dates and entity relationships are disclosed precisely in the filing.

Corporate Governance Expert

TL;DR: Schedule 13G shows AQR holds a material 7.2% position with shared control and parent/subsidiary disclosure; no assertion of control intent.

The filing identifies both AQR Capital Management, LLC and AQR Capital Management Holdings, LLC as reporting persons and discloses the parent-subsidiary relationship. It documents shared voting/dispositive authority over 6,515,124 shares and records zero sole voting or dispositive power. The certification language confirms the position was not acquired to change or influence the issuer's control. This is a formal, transparent disclosure of a substantial institutional stake without claims of control or special arrangements described in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/14/2025 - 12:16 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Fortrea Holdings Inc.

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

34965K107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 34965K107

1

Names of Reporting Persons

AQR Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,515,124.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,515,124.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,515,124.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 34965K107

1

Names of Reporting Persons

AQR Capital Management Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,515,124.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,515,124.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,515,124.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.2 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Fortrea Holdings Inc.
(b)	Address of issuer's principal executive offices: 8 MOORE DRIVE, DURHAM, NORTH CAROLINA 27709
Item 2.
(a)	Name of person filing: AQR Capital Management, LLC AQR Capital Management Holdings, LLC
(b)	Address or principal business office or, if none, residence: ONE GREENWICH PLAZA SUITE 130 Greenwich, Connecticut 06830
(c)	Citizenship: AQR Capital Management, LLC - UNITED STATES AQR Capital Management Holdings, LLC - UNITED STATES
(d)	Title of class of securities: Common Stock, $0.001 par value
(e)	CUSIP No.: 34965K107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 6,515,124
(b)	Percent of class: 7.20 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0
	(ii) Shared power to vote or to direct the vote: AQR Capital Management, LLC - 6,515,124 AQR Capital Management Holdings, LLC - 6,515,124
	(iii) Sole power to dispose or to direct the disposition of: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: AQR Capital Management, LLC - 6,515,124 AQR Capital Management Holdings, LLC - 6,515,124
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 2(a) above.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AQR Capital Management, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/14/2025

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/14/2025

Exhibit Information

AQR Capital Management Holdings, LLC and AQR Capital Management, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.