SCHEDULE: Morgan Stanley Reduces Fortrea Holdings Stake

Morgan Stanley has reduced its beneficial ownership in Fortrea Holdings Inc. to 2.3% of common stock, falling below the 5% reporting threshold.

Summary

• Morgan Stanley filed an Amendment No. 1 to Schedule 13G regarding its ownership in Fortrea Holdings Inc.
• As of June 30, 2025, Morgan Stanley's aggregate beneficial ownership in Fortrea Holdings Inc. common stock is 2,036,713 shares.
• This represents 2.3% of the class of securities.
• Morgan Stanley has ceased to be a beneficial owner of more than five percent of Fortrea Holdings Inc. common stock.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of a change in beneficial ownership, indicating Morgan Stanley's stake in Fortrea Holdings Inc. has fallen below 5%. It does not contain information about the issuer's financial performance or strategic direction.

Future Outlook

NA

Management Comments

• 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.

Industry Context

NA

Stakeholder Impact

• Morgan Stanley's reduction in beneficial ownership below 5% may be noted by shareholders as a change in institutional holding.

Key Dates

Keywords

Fortrea Holdings, Morgan Stanley, Schedule 13G, beneficial ownership, common stock, institutional ownership