Forest Avenue Capital Management LP

CIK

1944889

Location

MIAMI, FL

Portfolio Value

Mid $1,685,636,992

Diversification

Diversified

Filing Date

Global Rank

#1,092 / 8,232 ▲ 171

Top Industry

Utilities - Independent Power Producers 14.7%

3Y Alpha vs SPY

+6.1%

Period ended 2 months ago

Filed May 14, 2026 · 31d

14 quarters · since Dec 2022

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+104.2%

SPY

+76.3%

Annualised alpha

+6.1%

Max drawdown

−33.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

26 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

11.6%

−1.9 pts

Top 5

40.7%

−11.7 pts

Top 10

66.1%

−11.0 pts

HHI

571

Diversified−198

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	41.2%	$695,291,074	10
Energy	17.9%	$301,039,295	7
Consumer Cyclical	17.7%	$297,994,018	4
Utilities	13.8%	$232,353,097	2
Unclassified	6.2%	$103,892,400	1
Financial Services	1.7%	$28,441,299	1
Basic Materials	1.6%	$26,625,809	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
LEG	Leggett & Platt Inc	+2,468,855	3,702,389	$36,579,603
QXO	QXO, Inc.	+887,793	4,622,783	$89,774,445
PARR	Par Pacific Holdings, Inc.	+625,247	1,417,079	$88,765,828
BTU	Peabody Energy Corp	+472,100	1,646,362	$54,247,627
SGI	Somnigroup International Inc.	+316,615	1,012,181	$74,820,419
VST	Vistra Corp.	+175,660	1,297,325	$195,026,867
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
VIK	Viking Holdings Ltd	−826,032	2,037,215	$149,694,558
CRS	Carpenter Technology Corp	−255,049	375,012	$147,810,979
MTZ	Mastec Inc	−224,160	269,851	$86,821,860
WWD	Woodward, Inc.	−122,926	222,073	$79,484,368
HCC	Warrior Met Coal, Inc.	−121,638	285,838	$26,625,809
AGX	Argan Inc	−110,933	74,456	$40,552,460
CNM	Core & Main, Inc.	−71,828	1,808,055	$89,317,917
No positions match the current search.

New Positions

Positions the filer opened this quarter

13 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	180,000	$103,892,400
ECG	Everus Construction Group, Inc.	715,285	$84,446,547
LNG	Cheniere Energy, Inc.	172,200	$48,863,472
RRX	Regal Rexnord Corp	239,217	$44,795,775
CEG	Constellation Energy Corp	133,666	$37,326,230
NCLH	Norwegian Cruise Line Holdings Ltd.	1,973,232	$36,899,438
VG	Venture Global, Inc.	2,034,886	$32,069,803
AR	ANTERO RESOURCES Corp	748,300	$31,757,852
HII	Huntington Ingalls Industries, Inc.	82,809	$31,459,139
DK	Delek US Holdings, Inc.	653,830	$29,468,118
WULF	Terawulf Inc.	1,970,984	$28,441,299
CNR	Core Natural Resources, Inc.	151,500	$15,866,595
NVX	NOVONIX Ltd	1,199,398	$827,584
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
RCL	Royal Caribbean Cruises Ltd	289,860	$80,847,751
XPO	XPO, Inc.	467,057	$63,477,716
BBWI	Bath & Body Works, Inc.	2,211,826	$44,413,466
FSLR	First Solar, Inc.	115,600	$30,198,188
LBRT	Liberty Energy Inc.	1,384,217	$25,552,645
TLN	Talen Energy Corp	66,880	$25,069,299
KNX	Knight-Swift Transportation Holdings Inc.	470,616	$24,603,804
PUMP	ProPetro Holding Corp.	1,531,035	$14,560,142
FRO	Frontline plc	546,168	$11,917,385
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

26 positions · $1,685,636,992 total · as of Mar 31, 2026

All sectors Basic Materials Consumer Cyclical Energy Financial Services Industrials Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VST	Vistra Corp. Utilities	Added	1,297,325	+175,660	$195,026,867	+7.8%	11.57%
VIK	Viking Holdings Ltd Consumer Cyclical	Reduced	2,037,215	-826,032	$149,694,558	−26.8%	8.88%
CRS	Carpenter Technology Corp Industrials	Reduced	375,012	-255,049	$147,810,979	−25.5%	8.77%
QQQ	Invesco Qqq Trust, Series 1	NEW	180,000	NEW	$103,892,400	NEW	6.16%
QXO	QXO, Inc. Industrials	Added	4,622,783	+887,793	$89,774,445	+24.6%	5.33%
CNM	Core & Main, Inc. Industrials	Reduced	1,808,055	-71,828	$89,317,917	−8.6%	5.30%
PARR	Par Pacific Holdings, Inc. Energy	Added	1,417,079	+625,247	$88,765,828	+219.0%	5.27%
MTZ	Mastec Inc Industrials	Reduced	269,851	-224,160	$86,821,860	−19.1%	5.15%
ECG	Everus Construction Group, Inc. Industrials	NEW	715,285	NEW	$84,446,547	NEW	5.01%
WWD	Woodward, Inc. Industrials	Reduced	222,073	-122,926	$79,484,368	−23.8%	4.72%
SGI	Somnigroup International Inc. Consumer Cyclical	Added	1,012,181	+316,615	$74,820,419	+20.5%	4.44%
BTU	Peabody Energy Corp Energy	Added	1,646,362	+472,100	$54,247,627	+55.5%	3.22%
LNG	Cheniere Energy, Inc. Energy	NEW	172,200	NEW	$48,863,472	NEW	2.90%
RRX	Regal Rexnord Corp Industrials	NEW	239,217	NEW	$44,795,775	NEW	2.66%
AGX	Argan Inc Industrials	Reduced	74,456	-110,933	$40,552,460	−30.2%	2.41%
CEG	Constellation Energy Corp Utilities	NEW	133,666	NEW	$37,326,230	NEW	2.21%
NCLH	Norwegian Cruise Line Holdings Ltd. Consumer Cyclical	NEW	1,973,232	NEW	$36,899,438	NEW	2.19%
LEG	Leggett & Platt Inc Consumer Cyclical	Added	3,702,389	+2,468,855	$36,579,603	+169.6%	2.17%
VG	Venture Global, Inc. Energy	NEW	2,034,886	NEW	$32,069,803	NEW	1.90%
AR	ANTERO RESOURCES Corp Energy	NEW	748,300	NEW	$31,757,852	NEW	1.88%
HII	Huntington Ingalls Industries, Inc. Industrials	NEW	82,809	NEW	$31,459,139	NEW	1.87%
DK	Delek US Holdings, Inc. Energy	NEW	653,830	NEW	$29,468,118	NEW	1.75%
WULF	Terawulf Inc. Financial Services	NEW	1,970,984	NEW	$28,441,299	NEW	1.69%
HCC	Warrior Met Coal, Inc. Basic Materials	Reduced	285,838	-121,638	$26,625,809	−25.9%	1.58%
CNR	Core Natural Resources, Inc. Energy	NEW	151,500	NEW	$15,866,595	NEW	0.94%
NVX	NOVONIX Ltd Industrials	NEW	1,199,398	NEW	$827,584	NEW	0.05%