Forest Avenue Capital Management LP
Filing Date
Global Rank
#1,315
/ 8,621
▲ 104
· as of Mar 2026
Top Industry
Utilities - Independent Power Producers
14.7%
3Y Alpha vs SPY
+6.8%
Period ended 4 months ago
Filed May 14, 2026 · 3mo
14 quarters · since Dec 2022
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+87.7%
SPY
+67.9%
Annualised alpha
+4.5%
Max drawdown
−33.6%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 99% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
26 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top 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 |
|---|---|---|
| Industrials | 41.2% | $695,291,074 |
| Energy | 17.9% | $301,039,295 |
| Consumer Cyclical | 17.7% | $297,994,018 |
| Utilities | 13.8% | $232,353,097 |
| Unclassified | 6.2% | $103,892,400 |
| Financial Services | 1.7% | $28,441,299 |
| Basic Materials | 1.6% | $26,625,809 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
26 positions ·
$1,685,636,992 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| VST |
Vistra Corp.
Utilities
|
Added | 1,297,325 | $195,026,867 | 11.57% | |
| VIK |
Viking Holdings Ltd
Consumer Cyclical
|
Reduced | 2,037,215 | $149,694,558 | 8.88% | |
| CRS |
Carpenter Technology Corp
Industrials
|
Reduced | 375,012 | $147,810,979 | 8.77% | |
| QQQ |
Invesco Qqq Trust, Series 1
PUT
|
NEW | 180,000 | $103,892,400 | 6.16% | |
| QXO |
QXO, Inc.
Industrials
|
Added | 4,622,783 | $89,774,445 | 5.33% | |
| CNM |
Core & Main, Inc.
Industrials
|
Reduced | 1,808,055 | $89,317,917 | 5.30% | |
| PARR |
Par Pacific Holdings, Inc.
Energy
|
Added | 1,417,079 | $88,765,828 | 5.27% | |
| MTZ |
Mastec Inc
Industrials
|
Reduced | 269,851 | $86,821,860 | 5.15% | |
| ECG |
Everus Construction Group, Inc.
Industrials
|
NEW | 715,285 | $84,446,547 | 5.01% | |
| WWD |
Woodward, Inc.
Industrials
|
Reduced | 222,073 | $79,484,368 | 4.72% | |
| SGI |
Somnigroup International Inc.
Consumer Cyclical
|
Added | 1,012,181 | $74,820,419 | 4.44% | |
| BTU |
Peabody Energy Corp
Energy
|
Added | 1,646,362 | $54,247,627 | 3.22% | |
| LNG |
Cheniere Energy, Inc.
Energy
|
NEW | 172,200 | $48,863,472 | 2.90% | |
| RRX |
Regal Rexnord Corp
Industrials
|
NEW | 239,217 | $44,795,775 | 2.66% | |
| AGX |
Argan Inc
Industrials
|
Reduced | 74,456 | $40,552,460 | 2.41% | |
| CEG |
Constellation Energy Corp
Utilities
|
NEW | 133,666 | $37,326,230 | 2.21% | |
| NCLH |
Norwegian Cruise Line Holdings Ltd.
Consumer Cyclical
|
NEW | 1,973,232 | $36,899,438 | 2.19% | |
| LEG |
Leggett & Platt Inc
Consumer Cyclical
|
Added | 3,702,389 | $36,579,603 | 2.17% | |
| VG |
Venture Global, Inc.
Energy
|
NEW | 2,034,886 | $32,069,803 | 1.90% | |
| AR |
ANTERO RESOURCES Corp
Energy
|
NEW | 748,300 | $31,757,852 | 1.88% | |
| HII |
Huntington Ingalls Industries, Inc.
Industrials
|
NEW | 82,809 | $31,459,139 | 1.87% | |
| DK |
Delek US Holdings, Inc.
Energy
|
NEW | 653,830 | $29,468,118 | 1.75% | |
| WULF |
Terawulf Inc.
Financial Services
|
NEW | 1,970,984 | $28,441,299 | 1.69% | |
| HCC |
Warrior Met Coal, Inc.
Basic Materials
|
Reduced | 285,838 | $26,625,809 | 1.58% | |
| CNR |
Core Natural Resources, Inc.
Energy
|
NEW | 151,500 | $15,866,595 | 0.94% | |
| NVX |
NOVONIX Ltd
Industrials
|
NEW | 1,199,398 | $827,584 | 0.05% |