SCHEDULE 13G/A: Pacer Funds Trust and Affiliates Disclose 1.27% Passive Stake in Fortrea Holdings Inc.

Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson have jointly filed an amended Schedule 13G, reporting a passive beneficial ownership of 1.27% in Fortrea Holdings Inc.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of common stock in Fortrea Holdings Inc.
• As of March 31, 2025, the Reporting Persons collectively beneficially own 1,139,657 shares of Fortrea Holdings Inc. common stock.
• This ownership represents 1.27% of the total 89,700,000 shares of common stock outstanding as of December 31, 2024, as reported by the Issuer.
• The filing indicates shared voting and shared dispositive power over all 1,139,657 shares.
• Pacer Advisors, Inc. serves as the investment adviser to the Pacer Funds Trust, which includes the Pacer US Small Cap Cash Cows ETF. Joe M. Thomson is the majority stockholder of Pacer Advisors, Inc.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard SEC Schedule 13G filing, which is a factual disclosure of beneficial ownership by an institutional investor. It does not contain information that would inherently be considered positive or negative for the issuer's performance or outlook, as it simply reports a passive stake.

Future Outlook

NA

Industry Context

This Schedule 13G filing indicates that Pacer US Small Cap Cash Cows ETF, managed by Pacer Advisors, Inc., has taken a passive investment stake in Fortrea Holdings Inc. Such filings are routine disclosures by institutional investors when their beneficial ownership crosses certain thresholds (e.g., 5%) or when they amend previous filings. It signals that the investment firm views Fortrea Holdings Inc. as a suitable holding for its investment strategy, specifically for its "Small Cap Cash Cows" fund, which typically focuses on companies with strong cash flow generation. This is a standard disclosure for passive institutional ownership and does not suggest any activist intent or strategic partnership.

Comparison to Industry Standards

• This is a standard Schedule 13G filing, indicating passive ownership by an institutional investor.
• The 1.27% stake is relatively small and falls below the 5% threshold that often triggers more scrutiny or potential activist interest.
• For comparison, larger institutional investors or activist funds might accumulate stakes well over 5% or even 10% to exert influence.
• This filing explicitly states the shares are held in the ordinary course of business and not for control purposes, which is typical for passive investment funds like ETFs.
• No specific comparable companies, projects, or results are mentioned in the document to allow for a detailed comparison.

Stakeholder Impact

• Shareholders: Provides transparency regarding institutional ownership, confirming a passive stake by Pacer Funds.
• Employees, Customers, Suppliers, Creditors: No direct impact from this ownership disclosure.

Key Dates

Keywords

Fortrea Holdings Inc., Pacer US Small Cap Cash Cows ETF, Pacer Advisors Inc., Joe M. Thomson, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment, SEC Filing, Institutional Investor