Investment management company Curreen Capital released its second-quarter 2025 Investor letter. A copy of the letter can be downloaded here. In the second quarter, Curreen Capital was up 14.07% vs. 10.94% for the S&P 500 and 11.55% for the MSCI World (US Gross). The quarter started with stock price declines driven by tariffs, especially affecting small companies. The firm’s policy remains: a) avoid predicting market moves and responding foolishly, and b) concentrate on valuing current and potential investments. Please review the fund’s top 5 holdings to gain insight into their key selections for 2025.
In its second quarter 2025 investor letter, Curreen Capital highlighted stocks such as Fortrea Holdings Inc. (NASDAQ:FTRE). Fortrea Holdings Inc. (NASDAQ:FTRE) is a contract research organization. The one-month return of Fortrea Holdings Inc. (NASDAQ:FTRE) was 31.86%, and its shares lost 75.36% of their value over the last 52 weeks. On July 28, 2025, Fortrea Holdings Inc. (NASDAQ:FTRE) stock closed at $6.87 per share, with a market capitalization of $622.012 million.
Curreen Capital stated the following regarding Fortrea Holdings Inc. (NASDAQ:FTRE) in its second quarter 2025 investor letter:
“We primarily deployed the proceeds from selling Nilorn into Havas in the first quarter and into Fortrea Holdings Inc. (NASDAQ:FTRE) during the second quarter.
