Fortress Investment Group LLC

Name: Fortress Investment Group LLC 13F holdings, Q1 2025
Creator: Fortress Investment Group LLC
Published: 2025-05-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Fortress Investment Group LLC reported 34 stock positions worth $562.3 million. Its top holding was Nextnav (NN) at 30.7% of the portfolio, followed by New Fortress Energy (NFE, 19.8%) and Talen Energy (TLN, 13.8%). Compared with Q4 2024, it opened 20 new positions, sold out of 10, added to 4 and reduced 3. The biggest buy was a new position in Standardaero (SARO) and the biggest sale an exit from Arthur J Gallagher (AJG).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001380393
Portfolio Value: $562.3M (Q1 2025)
SEC Filing: 0001085146-25-003103 ↗ filed May 14, 2025

Holdings Value

Holdings 34 stocks · $562.3M


NN Nextnav Inc.	30.69%	14,178,054	$172.5M	No change
NFE New Fortress Energy Inc.	19.80%	13,399,317	$111.3M	No change
TLN Talen Energy Corp.	13.78%	388,159	$77.5M	Reduce -11.7%
IBIT iShares Bitcoin Trust ETF	11.03%	1,325,000	$62.0M	No change
SARO Standardaero Inc.	4.05%	854,601	$22.8M	New
BALY Bally's Corp.	3.91%	1,787,794	$22.0M	New
FFWM First Foundation Inc.	3.73%	4,038,750	$21.0M	No change
SCHW Schwab (charles) Corp.	1.26%	90,693	$7.1M	New
WAY Waystar Holding Corp.	1.21%	181,461	$6.8M	New
ZWS Zurn Elkay Water Solutions C	1.17%	200,000	$6.6M	New
PLBY Playboy Inc. filed as PLBY GROUP INC	1.14%	5,848,953	$6.4M	Add +126.6%
CHWY Chewy Inc. Class A	1.09%	189,274	$6.2M	New
BIRK Birkenstock Holding PLC	1.07%	130,775	$6.0M	Add +771.8%
SAIL Sailpoint Inc.	0.72%	215,570	$4.0M	New
NXT Nextpower Inc. filed as NEXTRACKER INC	0.68%	90,736	$3.8M	New
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC	0.67%	106,272	$3.8M	New
LTH Life Time Group Holdings Inc.	0.60%	112,276	$3.4M	Add +1973.0%
FG F&G Annuities & Life Inc.	0.56%	87,618	$3.2M	New
VIK Viking Holdings Ltd.	0.49%	70,000	$2.8M	Add +133.3%
GFL GFL Environmental Inc.-Sub VT	0.43%	50,000	$2.4M	New
SFD Smithfield Foods Inc.	0.36%	99,080	$2.0M	New
CWH Camping World Holdings Inc. Class A	0.25%	88,502	$1.4M	New
CWAN Clearwater Analytics HDS-A	0.23%	47,906	$1.3M	Reduce -4.2%
ITGR Integer Holdings Corp.	0.21%	10,000	$1.2M	New
ETR Entergy Corp.	0.20%	13,298	$1.1M	New
FLOC Flowco Holdings Inc. Class A	0.20%	43,260	$1.1M	New
DEC Diversified Energy Co. PLC	0.16%	68,327	$924K	New
SRAD Sportradar Group AG-A	0.14%	35,351	$764K	New
NBIS Nebius Group NV	0.07%	18,300	$386K	New
OS Onestream Inc.	0.04%	10,000	$213K	Reduce -88.2%
MARA Mara Holdings Inc.	0.03%	14,056	$162K	No change
AMTM Amentum Holdings Inc.	0.02%	6,287	$114K	New
SPCB Supercom Ltd.	0.00%	534	$4K	No change
SMRT Smartrent Inc.	0.00%	932	$1K	No change

Other holdings (2): bonds, preferreds, convertibles and warrants · $7.9M (not counted above)

Security	Class	Shares / Principal	Value	Change
KKR & CO INC (KKR 6.25 03/01/28 D)	6.25 CON SER D	90,000	$4.4M	New
BOEING CO/THE (BA 6 10/15/27)	DEP CONV PFD A	58,335	$3.5M	New

Total filed on the 13F, all lines: $570.2M.

Portfolio Sells Q4 2024 → Q1 2025


AJG Arthur J Gallagher & Co.	Sold out	0.00%	−0.68
OS Onestream Inc.	Reduce -88.2%	0.04%	−0.35
ESTC Elastic NV	Sold out	0.00%	−0.31
TLN Talen Energy Corp.	Reduce -11.7%	13.78%	−0.29
DDOG Datadog Inc. Class A	Sold out	0.00%	−0.23
SMTC Semtech Corp.	Sold out	0.00%	−0.19
AFRM Affirm Holdings Inc.	Sold out	0.00%	−0.19
LOAR Loar Holdings Inc.	Sold out	0.00%	−0.12
CAVA Cava Group Inc.	Sold out	0.00%	−0.09
EVGO Evgo Inc.	Sold out	0.00%	−0.06
FFIC Flushing Financial Corp.	Sold out	0.00%	−0.02
PTN Palatin Technologies Inc.	Sold out	0.00%	−0.00
CWAN Clearwater Analytics HDS-A	Reduce -4.2%	0.23%	+0.01

Portfolio Buys Q4 2024 → Q1 2025


SARO Standardaero Inc.	New	4.05%	+4.05
BALY Bally's Corp.	New	3.91%	+3.91
SCHW Schwab (charles) Corp.	New	1.26%	+1.26
WAY Waystar Holding Corp.	New	1.21%	+1.21
ZWS Zurn Elkay Water Solutions C	New	1.17%	+1.17
CHWY Chewy Inc. Class A	New	1.09%	+1.09
BIRK Birkenstock Holding PLC	Add +771.8%	1.07%	+0.93
SAIL Sailpoint Inc.	New	0.72%	+0.72
NXT Nextpower Inc.	New	0.68%	+0.68
MRX Marex UK Holdings Ltd.	New	0.67%	+0.67
LTH Life Time Group Holdings Inc.	Add +1973.0%	0.60%	+0.58
FG F&G Annuities & Life Inc.	New	0.56%	+0.56
PLBY Playboy Inc.	Add +126.6%	1.14%	+0.55
GFL GFL Environmental Inc.-Sub VT	New	0.43%	+0.43
SFD Smithfield Foods Inc.	New	0.36%	+0.36
VIK Viking Holdings Ltd.	Add +133.3%	0.49%	+0.28
CWH Camping World Holdings Inc. Class A	New	0.25%	+0.25
ITGR Integer Holdings Corp.	New	0.21%	+0.21
ETR Entergy Corp.	New	0.20%	+0.20
FLOC Flowco Holdings Inc. Class A	New	0.20%	+0.20
DEC Diversified Energy Co. PLC	New	0.16%	+0.16
SRAD Sportradar Group AG-A	New	0.14%	+0.14
NBIS Nebius Group NV	New	0.07%	+0.07
AMTM Amentum Holdings Inc.	New	0.02%	+0.02

Notes & Other Activity Q4 2024 → Q1 2025


KKR & CO INC (KKR 6.25 03/01/28 D)	6.25 CON SER D	New	90,000	$4.4M
BOEING CO/THE (BA 6 10/15/27)	DEP CONV PFD A	New	58,335	$3.5M
ALURW Allurion Technologies-28	*W EXP 08/01/203	Sold out	73,749	$2Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	25	$530.6M	NN, FSUN, IBIT, PLBY, KVUE
Q1 2026	32	$391.8M	NN, IBIT, PLBY, FFWM, NFE
Q4 2025	34	$422.5M	NN, IBIT, PLBY, FFWM, NFE
Q3 2025	43	$737.1M	NN, IBIT, KRMN, SITM, NFE
Q2 2025	56	$693.4M	NN, IBIT, NFE, AJG, BRO
Q1 2025	34	$562.3M	NN, NFE, TLN, IBIT, SARO
Q4 2024	24	$629.2M	NN, NFE, TLN, IBIT, FFWM
Q3 2024	13	$444.9M	NFE, NN, TLN, FIP, IBIT
Q2 2024	11	$466.3M	NFE, NN, IBIT, FIP, PLBY
Q1 2024	13	$569.0M	NFE, NN, IBIT, FIP, PLBY