Fortress Investment Group LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Fortress Investment Group LLC reported 43 stock positions worth $737.1 million. Its top holding was Nextnav (NN) at 27.5% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 11.7%) and Karman (KRMN, 5.9%). Compared with Q2 2025, it opened 22 new positions, sold out of 35, added to 11 and reduced 5. The biggest buy was a new position in Karman (KRMN) and the biggest sale an exit from Arthur J Gallagher (AJG).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001380393
Portfolio Value
$737.1M (Q3 2025)
SEC Filing
0001085146-25-005998 ↗ filed Nov 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $569.0M Q1 2024 Q2 2024: $466.3M Q2 2024 Q3 2024: $444.9M Q3 2024 Q4 2024: $629.2M Q4 2024 Q1 2025: $562.3M Q1 2025 Q2 2025: $693.4M Q2 2025 Q3 2025: $737.1M $737.1M Q3 2025 Q4 2025: $422.5M Q4 2025 Q1 2026: $391.8M Q1 2026 Q2 2026: $530.6M Q2 2026

Holdings 43 stocks · $737.1M
NN Nextnav Inc. 27.51% 14,178,054 $202.7M No change
IBIT iShares Bitcoin Trust ETF 11.68% 1,325,000 $86.1M No change
KRMN Karman Holdings Inc. 5.88% 600,000 $43.3M New
SITM Sitime Corp. 4.09% 100,000 $30.1M Reduce -3.9%
NFE New Fortress Energy Inc. 4.02% 13,399,317 $29.6M No change
BIRK Birkenstock Holding PLC 3.68% 600,000 $27.1M Add +140.0%
WAY Waystar Holding Corp. 3.53% 686,071 $26.0M Add +451.5%
SARO Standardaero Inc. 3.50% 945,400 $25.8M Add +35.1%
PLBY Playboy Inc. 3.31% 16,589,531 $24.4M Add +183.6%
CHWY Chewy Inc. Class A 3.29% 600,000 $24.3M Add +21.4%
FFWM First Foundation Inc. 3.05% 4,038,750 $22.5M No change
SRAD Sportradar Group AG-A 2.77% 760,000 $20.4M Add +81.2%
TPG TPG Inc. 2.33% 298,813 $17.2M New
SAIL Sailpoint Inc. 2.25% 750,000 $16.6M Add +50.0%
BLSH Bullish 2.16% 250,000 $15.9M New
ZETA Zeta Global Holdings Corp. Class A 1.35% 500,000 $9.9M New
CTRI Centuri Holdings Inc. 1.19% 414,467 $8.8M New
LGN Legence Corp. Class A 1.15% 275,700 $8.5M New
FIGR Figure Technology Solut Class A 1.11% 225,000 $8.2M New
VIK Viking Holdings Ltd. 1.06% 125,344 $7.8M New
ODD Oddity Tech Ltd. Class A 0.98% 116,250 $7.2M Reduce -33.6%
MIR Mirion Technologies Inc. 0.95% 302,431 $7.0M Add +19981.7%
AS Amer Sports Inc. 0.92% 195,821 $6.8M Reduce -21.2%
DV Doubleverify Holdings Inc. 0.77% 473,152 $5.7M New
DEC Diversified Energy Co. PLC 0.68% 355,242 $5.0M New
OMDA Omada Health Inc. 0.67% 225,000 $5.0M Add +43.1%
SFD Smithfield Foods Inc. 0.64% 201,055 $4.7M Add +110.3%
SNOW Snowflake Inc. 0.61% 20,000 $4.5M Add +100.0%
AMBQ Ambiq Micro Inc. 0.61% 150,000 $4.5M New
NTSK Netskope Inc. Class A 0.60% 195,000 $4.4M New
WYFI Whitefiber Inc. 0.58% 158,300 $4.3M New
VST Vistra Corp. 0.53% 20,000 $3.9M New
AWK American Water Works Co. Inc. 0.45% 24,032 $3.3M New
CUBI Customers Bancorp Inc. 0.39% 43,756 $2.9M New
NIQ Niq Global Intelligence PLC 0.37% 175,082 $2.7M New
AIRO Airo Group Holdings Inc. 0.30% 115,747 $2.2M New
WBI Waterbridge Infrastruc Class A 0.28% 80,572 $2.0M New
WULF Terawulf Inc. 0.23% 150,000 $1.7M New
RBRK Rubrik Inc. Class A 0.16% 14,147 $1.2M Reduce -83.2%
MTRX Matrix Service Co. 0.16% 88,854 $1.2M New
MNTN MNTN Inc. Class A 0.12% 48,613 $902K Reduce -56.1%
BXP BXP Inc. 0.04% 4,275 $318K New
MARA Mara Holdings Inc. 0.03% 14,056 $257K No change

Options reported separately and not counted above: BIRK calls ($3.9M), CHWY calls ($2.0M).

Other holdings (3): bonds, preferreds, convertibles and warrants · $10.0M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 70,000$4.9MAdd +7.7%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 80,254$4.2MReduce -19.8%
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 18,972$943KNew

Total filed on the 13F, all lines: $747.1M.

Portfolio Sells Q2 2025 → Q3 2025
AJG Arthur J Gallagher & Co. Sold out 0.00% −4.62
BRO Brown & Brown Inc. Sold out 0.00% −3.84
MRX Marex UK Holdings Ltd. Sold out 0.00% −2.28
KVYO Klaviyo Inc. Class A Sold out 0.00% −1.45
BALY Bally's Corp. Sold out 0.00% −1.29
ETOR Etoro Group Ltd. Class A Sold out 0.00% −1.20
ZWS Zurn Elkay Water Solutions C Sold out 0.00% −1.13
QXO Qxo Inc. Sold out 0.00% −0.93
RBRK Rubrik Inc. Class A Reduce -83.2% 0.16% −0.93
ODD Oddity Tech Ltd. Class A Reduce -33.6% 0.98% −0.92
UTI Universal Technical Institut Sold out 0.00% −0.85
WMT Walmart Inc. Sold out 0.00% −0.85
OS Onestream Inc. Sold out 0.00% −0.81
NTNX Nutanix Inc. Class A Sold out 0.00% −0.76
CEPO Cantor Equity Partners I-A Sold out 0.00% −0.64
HNGE Hinge Health Inc. Class A Sold out 0.00% −0.56
ARM Arm Holdings PLC-ADR Sold out 0.00% −0.47
AS Amer Sports Inc. Reduce -21.2% 0.92% −0.47
EE Excelerate Energy Inc. Class A Sold out 0.00% −0.45
LTH Life Time Group Holdings Inc. Sold out 0.00% −0.44
GRAB Grab Holdings Ltd. Class A Sold out 0.00% −0.44
GWRE Guidewire Software Inc. Sold out 0.00% −0.34
ALAB Astera Labs Inc. Sold out 0.00% −0.29
DDOG Datadog Inc. Class A Sold out 0.00% −0.27
PRMB Primo Brands Corp. Sold out 0.00% −0.26
MNTN MNTN Inc. Class A Reduce -56.1% 0.12% −0.23
CRCL Circle Internet Group Inc. Sold out 0.00% −0.21
VERX Vertex Inc. Class A Sold out 0.00% −0.20
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.20
AMTM Amentum Holdings Inc. Sold out 0.00% −0.13
CRWV Coreweave Inc. Class A Sold out 0.00% −0.12
CHYM Chime Financial Inc. Class A Sold out 0.00% −0.10
RIVN Rivian Automotive Inc. Class A Sold out 0.00% −0.10
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −0.07
CWAN Clearwater Analytics HDS-A Sold out 0.00% −0.05
KTOS Kratos Defense & Security Sold out 0.00% −0.02
SLDE Slide Insurance Holdings Inc. Sold out 0.00% −0.00
SPCB Supercom Ltd. Sold out 0.00% −0.00
SMRT Smartrent Inc. Sold out 0.00% −0.00
SITM Sitime Corp. Reduce -3.9% 4.09% +0.89

Portfolio Buys Q2 2025 → Q3 2025
KRMN Karman Holdings Inc. New 5.88% +5.88
WAY Waystar Holding Corp. Add +451.5% 3.53% +2.80
TPG TPG Inc. New 2.33% +2.33
BLSH Bullish New 2.16% +2.16
PLBY Playboy Inc. Add +183.6% 3.31% +1.94
BIRK Birkenstock Holding PLC Add +140.0% 3.68% +1.91
ZETA Zeta Global Holdings Corp. Class A New 1.35% +1.35
CTRI Centuri Holdings Inc. New 1.19% +1.19
LGN Legence Corp. Class A New 1.15% +1.15
FIGR Figure Technology Solut Class A New 1.11% +1.11
SRAD Sportradar Group AG-A Add +81.2% 2.77% +1.07
VIK Viking Holdings Ltd. New 1.06% +1.06
MIR Mirion Technologies Inc. Add +19981.7% 0.95% +0.95
DV Doubleverify Holdings Inc. New 0.77% +0.77
DEC Diversified Energy Co. PLC New 0.68% +0.68
AMBQ Ambiq Micro Inc. New 0.61% +0.61
NTSK Netskope Inc. Class A New 0.60% +0.60
SAIL Sailpoint Inc. Add +50.0% 2.25% +0.60
WYFI Whitefiber Inc. New 0.58% +0.58
VST Vistra Corp. New 0.53% +0.53
AWK American Water Works Co. Inc. New 0.45% +0.45
CUBI Customers Bancorp Inc. New 0.39% +0.39
NIQ Niq Global Intelligence PLC New 0.37% +0.37
SFD Smithfield Foods Inc. Add +110.3% 0.64% +0.32
SARO Standardaero Inc. Add +35.1% 3.50% +0.30
AIRO Airo Group Holdings Inc. New 0.30% +0.30
SNOW Snowflake Inc. Add +100.0% 0.61% +0.29
WBI Waterbridge Infrastruc Class A New 0.28% +0.28
OMDA Omada Health Inc. Add +43.1% 0.67% +0.26
CHWY Chewy Inc. Class A Add +21.4% 3.29% +0.26
WULF Terawulf Inc. New 0.23% +0.23
MTRX Matrix Service Co. New 0.16% +0.16
BXP BXP Inc. New 0.04% +0.04

Options Activity Q2 2025 → Q3 2025
BIRK Birkenstock Holding PLC call New 86,400 $3.9M
CHWY Chewy Inc. Class A call New 50,000 $2.0M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2025 → Q3 2025
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +7.7% 70,000 $4.9M
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Reduce -19.8% 80,254 $4.2M
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD Sold out 50,000 $3.1Mbefore exit
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD New 18,972 $943K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 25$530.6MNN, FSUN, IBIT, PLBY, KVUE
Q1 2026 32$391.8MNN, IBIT, PLBY, FFWM, NFE
Q4 2025 34$422.5MNN, IBIT, PLBY, FFWM, NFE
Q3 2025 43$737.1MNN, IBIT, KRMN, SITM, NFE
Q2 2025 56$693.4MNN, IBIT, NFE, AJG, BRO
Q1 2025 34$562.3MNN, NFE, TLN, IBIT, SARO
Q4 2024 24$629.2MNN, NFE, TLN, IBIT, FFWM
Q3 2024 13$444.9MNFE, NN, TLN, FIP, IBIT
Q2 2024 11$466.3MNFE, NN, IBIT, FIP, PLBY
Q1 2024 13$569.0MNFE, NN, IBIT, FIP, PLBY