Fortress Investment Group Boosts Stake in Waystar Holding Corp.

Waystar now makes up 3.5% of Fortress Investment Group's portfolio, making it the 8th largest position.

Mar. 16, 2026 at 9:51am

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Fortress Investment Group LLC significantly increased its stake in Waystar Holding Corp. (NASDAQ:WAY) during the third quarter, acquiring an additional 561,671 shares to bring its total holdings to 686,071 shares. This represents about 0.36% of Waystar's outstanding shares and makes the stock Fortress's 8th largest position, accounting for 3.5% of the investment firm's portfolio.

Why it matters

The increased investment by a major institutional player like Fortress Investment Group suggests growing confidence in Waystar's business and future prospects. As a leading provider of cloud-based revenue cycle management solutions for healthcare organizations, Waystar's technology is seen as increasingly valuable amid industry shifts toward value-based care and the need for streamlined financial processes.

The details

Fortress Investment Group lifted its stake in Waystar by 451.5% in the third quarter, according to a recent SEC filing. The investment firm now owns 686,071 shares of the company's stock, worth an estimated $26 million as of the most recent filing. Other major institutional investors have also been building positions in Waystar, including Thrivent Financial for Lutherans, Lisanti Capital Growth LLC, and Munro Partners.

  • Fortress Investment Group increased its Waystar holdings in the third quarter of 2025.
  • Waystar's stock price closed at $24.16 on Monday, March 16, 2026.

The players

Fortress Investment Group LLC

A global investment management firm that oversees approximately $53 billion in assets.

Waystar Holding Corp.

A leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations.

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What they’re saying

“We must continue to invest in innovative healthcare technology companies like Waystar that are helping to modernize and streamline critical financial processes.”

— Randal Nardone, Co-Founder and Principal, Fortress Investment Group (Fortress Investment Group press release)

What’s next

Waystar is scheduled to report its full-year 2025 financial results on February 19, 2026, which will provide further insight into the company's performance and growth trajectory.

The takeaway

Fortress Investment Group's substantial increase in its Waystar holdings underscores the growing institutional confidence in the company's market position and long-term potential as a leader in healthcare revenue cycle management solutions.