Investment management firm Curreen Capital released its Q4 2025 investor letter. A copy of the letter can be downloaded here. Curreen Capital Partners reported strong results in 2025, returning 10.5% in the fourth quarter and 30.97% for the full year. The company focuses on investing in “ugly ducklings”, that is, good, well-managed companies trading at an attractive price. The company fulfilled its investment plan and the “ugly duckling” shares performed well and showed solid results. Review the Fund’s top five holdings to learn about its key picks for 2025.
In its Q4 2025 investor letter, Curreen Capital highlighted Fortrea Holdings Inc. (NASDAQ:FTRE). Fortrea Holdings Inc. (NASDAQ:FTRE) is a contract research organization serving pharmaceutical, biotechnology and medical device clients. Fortrea Holdings Inc. (NASDAQ:FTRE)’s monthly performance was 1.14% and its shares gained 7.28% of its value in the last 52 weeks. On January 30, 2026, Fortrea Holdings Inc. (NASDAQ:FTRE) stock closed at $16.81 per share, with a market capitalization of $1.553 million.
Curreen Capital stated the following regarding Fortrea Holdings Inc. (NASDAQ:FTRE) in its Q4 2025 investor letter:
“Curreen Capital’s performance during the year was primarily driven by three positions: Fortrea Holdings Inc. (NASDAQ:FTRE), Siemens Energy and GetBusy. Fortrea is an example of our “Crazy Cheap” strategy: buying great companies at prices as if their current struggles will last forever. These are ugly ducklings that are especially unpopular and their share prices have often fallen sharply for months. I am very interested when a stock falls below my downside valuation, and as it falls further (specifically, trading at a 33% or greater discount to my downside valuation), I classify the opportunity as “cheap.”
Fortrea Holdings Inc. (NASDAQ:FTRE) isn’t on our list of the 30 most popular stocks among hedge funds. According to our database, 37 hedge fund portfolios owned Fortrea Holdings Inc. (NASDAQ:FTRE) at the end of the third quarter, compared to 38 in the previous quarter. While we recognize the potential of Fortrea Holdings Inc. (NASDAQ:FTRE) as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.