Investment management company Curreen Capital released its fourth-quarter 2025 Investor letter. A copy of the letter can be downloaded here. Curreen Capital Partners reported robust results in 2025, retuning 10.5% in Q4 and 30.97% for the full year. The firm focuses on investing in “ugly ducklings”, i.e., companies that are good, well-managed, and trading at an attractive price. The firm was consistent with its investment plan, and the “ugly duckling” holdings performed well and exhibited solid results. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Curreen Capital highlighted Fortrea Holdings Inc. (NASDAQ:FTRE). Fortrea Holdings Inc. (NASDAQ:FTRE) is a contract research organization that serves pharmaceutical, biotechnology, and medical device customers. The one-month return of Fortrea Holdings Inc. (NASDAQ:FTRE) was 1.14%, and its shares gained 7.28% of their value over 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 billion.
Curreen Capital stated the following regarding Fortrea Holdings Inc. (NASDAQ:FTRE) in its fourth quarter 2025 investor letter:
“Curreen Capital’s performance over 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 excellent businesses priced as if their current struggles will last forever. These are ugly ducklings that are especially unpopular, and their stock prices have often fallen hard for months. I get very interested when a stock falls below my downside valuation, and as it falls further—specifically, trading at a discount of 33% or more to my downside valuation—I classify the opportunity as “Crazy Cheap”.
Fortrea Holdings Inc. (NASDAQ:FTRE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 37 hedge fund portfolios held Fortrea Holdings Inc. (NASDAQ:FTRE) at the end of the third quarter, compared to 38 in the previous quarter. While we acknowledge the potential of Fortrea Holdings Inc. (NASDAQ:FTRE) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
