Forest Avenue Capital Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Forest Avenue Capital Management reported a $2.4 bn portfolio of 24 positions to the SEC as of the end of Q2 2026. Its largest positions are VST, VIK, MAIR. During the quarter it opened Legence and Taiwan Semiconductor Manufacturing and exited Cheniere Energy and Argan.
Sections with a free account
What changed this quarter
25 positions with a change (5 new, 8 added to, 4 trimmed, 8 sold); also, 2 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedMadison Air SolutionsMAIR6.7% of the portfolio
- Newly listedDPC HoldingsDPC6.0% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- Legence+5.5 ppof portfolioNew— → 5.5%
- Carpenter Technology−56%fewer sharesReduced9.3% → 4.3%
- Taiwan Semiconductor Manufacturing+5.2 ppof portfolioNew— → 5.2%
- Norwegian Cruise Line Holdings+212%more sharesIncreased2.3% → 5.5%
- Astera Labs+3.0 ppof portfolioNew— → 3.0%
- NVIDIA+2.5 ppof portfolioNew— → 2.5%
- Cheniere Energy−2.1 ppof portfolioSold out3.1% → —
- Viking Holdings−22%fewer sharesReduced9.5% → 7.0%
- Woodward+50%more sharesIncreased5.0% → 5.9%
- Regal Rexnord+79%more sharesIncreased2.8% → 4.3%
- Argan−1.7 ppof portfolioSold out2.6% → —
- Vistra Operations+18%more sharesIncreased12.3% → 10.2%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Vistra OperationsVST10.2%
- Viking HoldingsVIK7.0%
- Madison Air SolutionsMAIR6.7%
- DPC HoldingsDPC6.0%
- WoodwardWWD5.9%
- Everus Construction GroupECG5.8%
- LegenceLGN5.5%
- Norwegian Cruise Line HoldingsNCLH5.5%
- Taiwan Semiconductor ManufacturingTSM5.2%
- MasTecMTZ4.3%
- Regal RexnordRRX4.3%
- Somnigroup InternationalSGI4.3%
- Carpenter TechnologyCRS4.3%
- Core & MainCNM3.6%
- TerawulfWULF3.6%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Industrials 39%
- ● Consumer Discretionary 17%
- ● Information Technology 14%
- ● Materials 12%
- ● Utilities 10%
- ● Energy 6%
- ● Health Care 1%
How its portfolio changed (8 quarters)
Q2 2026: 24
Q2 2026: 62%
Q2 2026: 31.8%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Sep 29, 2026 (high confidence).
The data, as reported: FOREST AVENUE CAPITAL MANAGEMENT LP (CRD 321948): 7.B private funds: 1 hedge (gross assets $2.3 bn); 5.D assets by client type: pooled vehicles 100% (of $2.4 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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