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Forest Avenue Capital Management LP SEC 13F Holdings (Q2 2026) — Top Position: VISTRA CORP
Forest Avenue Capital Management LPCIK: 0001944889
High-turnover traderQuality / disciplined sizingContrarian
Total reported value
$2.4B
Reporting period: 2026-06-30 · Number of holdings: 24
Forest Avenue Capital Management LP disclosed 24 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.4B and a quarterly turnover rate of 81.8%.
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Personality snowflake
- Concentration
- 21.3
- Portfolio Stability
- 81.81
- Momentum
- 20.72
- Sector conviction
- 75.63
- Diversification
- 48
- Sizing Uniformity
- 94.61
Forest Avenue Capital Management LP's disclosed holdings carry a Herfindahl concentration index of 0.053 — mathematically equivalent to about 19 equally-sized positions, close to its 24 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.54), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy 55658T105
Sold out QQQ
New buy G2R11M108
New buy LGN
New buy TSM
Trim CRS
-56.2% -$46.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VST | Vistra CORP | Stock-Utilities | 10.22% | -1.35% | +18.27% | |
| 2 | VIK | Viking Holdings Ltd | Stock-Consumer Disc | 6.96% | -1.92% | -22.31% | |
| 3 | ✓ | Stock-Other | 6.65% | +6.65% | NEW | ||
| 4 | ✓ | Stock-Other | 6.04% | +6.04% | NEW | ||
| 5 | WWD | Woodward Inc | Stock-Industrials | 5.93% | +1.21% | +49.52% | |
| 6 | ECG | Everus Construction Group | Stock-Industrials | 5.76% | +0.75% | +15.55% | |
| 7 | LGN | Legence Corp-cl A | Stock-Other | 5.54% | +5.54% | NEW | |
| 8 | NCLH | Norwegian Cruise Line Holdings Ltd. | Stock-Consumer Disc | 5.46% | +3.27% | +211.83% | |
| 9 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 5.17% | +5.17% | NEW | |
| 10 | MTZ | Mastec Inc | Stock-Industrials | 4.34% | -0.81% | -7.87% | |
| 11 | RRX | Regal Rexnord CORP | Stock-Industrials | 4.28% | +1.62% | +78.89% | |
| 12 | SGI | Somnigroup International Inc | Stock-Consumer Disc | 4.27% | -0.17% | +28.05% | |
| 13 | CRS | Carpenter Technology | Stock-Industrials | 4.25% | -4.52% | -56.21% | |
| 14 | CNM | Core & Main Inc-class A | Stock-Industrials | 3.63% | -1.67% | -0.80% | |
| 15 | WULF | Terawulf Inc | Stock-Financials | 3.55% | +1.86% | +73.70% | |
| 16 | QXO | Qxo Inc | Stock-Industrials | 3.33% | -2.00% | -0.80% | |
| 17 | ALAB | Astera Labs Inc | Stock-Tech | 3.03% | +3.03% | NEW | |
| 18 | DK | Delek US Holdings Inc | Stock-Other | 2.54% | +0.79% | +81.71% | |
| 19 | NVDA | Nvidia CORP | Stock-Tech | 2.47% | +2.47% | NEW | |
| 20 | PARR | Par Pacific Holdings Inc | Stock-Energy | 2.09% | -3.18% | -37.37% | |
| 21 | LEG | Leggett & Platt Inc | Stock-Consumer Disc | 1.81% | -0.36% | -0.80% | |
| 22 | BTU | Peabody Energy CORP | Stock-Energy | 1.59% | -1.63% | -0.80% | |
| 23 | BRKR | Bruker CORP | Stock-Healthcare | 1.07% | +1.07% | NEW | |
| 24 | NVX | Novonix Ltd-adr | Stock-Other | 0.02% | -0.03% | -0.80% |
Portfolio Performance
Performance for Q3 2026
-6.8%
Performance Last 4 Quarters
+17.5%
- Stdev
- +25%
- Beta
- +1.31
- Alpha
- -5.6%
- Max Drawdown
- -22.2%
- Annualized Perf
- +19%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +1.41
- Stutzer
- +0.24
- Treynor
- +0.16
- Sterling
- +0.79
- Calmar
- +0.86
- Information Ratio
- +0.03
- Tracking Error
- +18.9%
- Stdev Down
- +14.6%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +58.5%
- Worst 12 Months
- -6.2%
- Efficiency Ratio
- +0.31
- Sharpe
- +0.82
- Stdev Sectors
- +12.5%
- Skewness
- -0.15
- Kurtosis
- -0.92
- Upside Potential
- +3.23
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Forest Avenue Capital Management LP's most significant position changes for 2026-06-30: New buy: ; New buy: ; New buy: Legence Corp-cl A (LGN); New buy: Taiwan Semiconductor-sp Adr (TSM); Sold out: Invesco Qqq Trust Series 1 (QQQ).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +6.7% | NEW | New buy | |
| 2 | ✓ | +6% | NEW | New buy | |
| 3 | LGN | Legence Corp-cl A | +5.5% | NEW | New buy |
| 4 | TSM | Taiwan Semiconductor-sp Adr | +5.2% | NEW | New buy |
| 5 | NCLH | Norwegian Cruise Line Holdings Ltd. | +3.3% | +211.83% | Add |
| 6 | ALAB | Astera Labs Inc | +3% | NEW | New buy |
| 7 | NVDA | Nvidia CORP | +2.5% | NEW | New buy |
| 8 | WULF | Terawulf Inc | +1.9% | +73.70% | Add |
| 9 | RRX | Regal Rexnord CORP | +1.6% | +78.89% | Add |
| 10 | WWD | Woodward Inc | +1.2% | +49.52% | Add |
| 11 | BRKR | Bruker CORP | +1.1% | NEW | New buy |
| 12 | DK | Delek US Holdings Inc | +0.8% | +81.71% | Add |
| 13 | ECG | Everus Construction Group | +0.8% | +15.55% | Add |
| 14 | NVX | Novonix Ltd-adr | 0% | -0.80% | Trim |
| 15 | SGI | Somnigroup International Inc | -0.2% | +28.05% | Add |
| 16 | LEG | Leggett & Platt Inc | -0.4% | -0.80% | Trim |
| 17 | MTZ | Mastec Inc | -0.8% | -7.87% | Trim |
| 18 | CNR | Core Natural Resources Inc | -0.9% | EXIT | Sold out |
| 19 | VST | Vistra CORP | -1.4% | +18.27% | Add |
| 20 | HCC | Warrior Met Coal Inc | -1.6% | EXIT | Sold out |
| 21 | BTU | Peabody Energy CORP | -1.6% | -0.80% | Trim |
| 22 | CNM | Core & Main Inc-class A | -1.7% | -0.80% | Trim |
| 23 | HII | Huntington Ingalls Industrie | -1.9% | EXIT | Sold out |
| 24 | AR | Antero Resources CORP | -1.9% | EXIT | Sold out |
| 25 | VG | Venture Global Inc-cl A | -1.9% | EXIT | Sold out |
| 26 | VIK | Viking Holdings Ltd | -1.9% | -22.31% | Trim |
| 27 | QXO | Qxo Inc | -2% | -0.80% | Trim |
| 28 | CEG | Constellation Energy | -2.2% | EXIT | Sold out |
| 29 | AGX | Argan Inc | -2.4% | EXIT | Sold out |
| 30 | LNG | Cheniere Energy Inc | -2.9% | EXIT | Sold out |
| 31 | PARR | Par Pacific Holdings Inc | -3.2% | -37.37% | Trim |
| 32 | CRS | Carpenter Technology | -4.5% | -56.21% | Trim |
| 33 | QQQ | Invesco Qqq Trust Series 1 | -6.2% | EXIT | Sold out |
Filing History
FAQ
What is Forest Avenue Capital Management LP and what type of investor is it?
Forest Avenue Capital Management LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.4B, spread across 24 disclosed positions.
What are Forest Avenue Capital Management LP's largest equity positions?
Based on the latest 13F filing, Forest Avenue Capital Management LP's top holdings by market value are:
1. Vistra CORP (VST) — $243.4M (10.2%)
2. Viking Holdings Ltd (VIK) — $165.7M (7.0%)
3. — $158.4M (6.7%)
4. — $143.7M (6.0%)
5. Woodward Inc (WWD) — $141.3M (5.9%)
What changes did Forest Avenue Capital Management LP make in its most recent portfolio filing?
In the latest reported quarter, Forest Avenue Capital Management LP made 33 notable position adjustments: 7 new positions were initiated, 8 existing holdings were added to, 9 positions were partially reduced, and 9 were completely exited. The largest of these moves: New buy: ; New buy: ; New buy: Legence Corp-cl A (LGN); New buy: Taiwan Semiconductor-sp Adr (TSM); Sold out: Invesco Qqq Trust Series 1 (QQQ)
What sectors does Forest Avenue Capital Management LP focus on?
Forest Avenue Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 39.8%
• Consumer Discretionary: 23.3%
• Information Technology: 13.5%
• Utilities: 12.9%
• Energy: 4.6%
• Financials: 4.5%
Investment Profile
Forest Avenue Capital Management LP returned an annualized 19.0% over the trailing 36 months — underperforming the S&P 500 by 5.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.31 (more volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 39.8% of the portfolio concentrated in Industrials.
Its turnover score has risen from 0 to 82 over the past 4 quarters — a shift toward more active trading.
It has added to its VST position over the past two quarters (+$62.4M, now $243.4M), while trimming CRS over the same stretch (-$97.1M, still holding $101.3M).
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