Q2 2026 13F · SEC CIK 1944889
Forest Avenue Capital Management LP
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $2.4B
- Reported positions
- 24
- Top holdings a year, 3 yrs
- +21.9%
- Assets under management
- $2.4B
Forest Avenue Capital Management LP is a hedge fund that reported 24 positions worth $2.4B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Vistra Corp (VST, 10.2%), Viking Hldgs Ltd (VIK, 7.0%), Madison Air Solutions Corp (6.7%). A portfolio copying its top holdings returned 21.9% a year over the last 3 years, against 20.4% for the S&P 500.
Forest Avenue Capital Management LP holdings all 24 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| VSTVistra Corp | 10.2% | +18.3% | $243.4M |
| VIKViking Hldgs Ltd | 7.0% | -22.3% | $165.7M |
| 55658T105Madison Air Solutions Corp | 6.7% | — | $158.4M |
| DPCDpc Holdings PLC | 6.0% | — | $143.7M |
| WWDWoodward, Inc. | 5.9% | +49.5% | $141.3M |
| ECGEverus Constr Group | 5.8% | +15.5% | $137.2M |
| LGNLegence Corp | 5.5% | — | $131.8M |
| NCLHNorwegian Cruise Line Hldgs | 5.5% | +211.8% | $129.9M |
| TSMTaiwan Semiconductor Manufac | 5.2% | — | $123.2M |
| MTZMasTec Inc | 4.3% | -7.9% | $103.4M |
| RRXRegal Rexnord Corporation | 4.3% | +78.9% | $101.9M |
| TPXSomnigroup International Inc | 4.3% | +28.1% | $101.6M |
| CRSCarpenter Technology Corp | 4.3% | -56.2% | $101.3M |
| CNMCore & Main Inc | 3.6% | -0.8% | $86.5M |
| WULFTerawulf Inc | 3.6% | +73.7% | $84.6M |
| QXOQxo Inc | 3.3% | -0.8% | $79.2M |
| ALABAstera Labs Inc | 3.0% | — | $72.1M |
| DKDelek US Hldgs Inc New | 2.5% | +81.7% | $60.4M |
| NVDANvidia Corporation | 2.5% | — | $58.9M |
| PARRPar Pac Holdings Inc | 2.1% | -37.4% | $49.8M |
| LEGTLeggett & Platt Inc | 1.8% | -0.8% | $43.0M |
| BTUPeabody Engr Corp | 1.6% | -0.8% | $37.8M |
| BRKRBruker Corp | 1.1% | — | $25.4M |
| 67010L100Novonix Limited | 0.0% | -0.8% | $547K |
What Forest Avenue Capital Management LP bought and sold in Q2 2026, against Q1 2026.
New positions
- Madison Air Solutions Corp6.7% of 13F
- DPC Dpc Holdings PLC6.0% of 13F
- LGN Legence Corp5.5% of 13F
- TSM Taiwan Semiconductor Manufac5.2% of 13F
- ALAB Astera Labs Inc3.0% of 13F
- NVDA Nvidia Corporation2.5% of 13F
- BRKR Bruker Corp1.1% of 13F
Added to
- NCLH Norwegian Cruise Line Hldgs+211.8% shares
- DK Delek US Hldgs Inc New+81.7% shares
- RRX Regal Rexnord Corporation+78.9% shares
- WULF Terawulf Inc+73.7% shares
- WWD Woodward, Inc.+49.5% shares
- TPX Somnigroup International Inc+28.1% shares
- VST Vistra Corp+18.3% shares
- ECG Everus Constr Group+15.5% shares
Reduced
- CRS Carpenter Technology Corp-56.2% shares
- PARR Par Pac Holdings Inc-37.4% shares
- VIK Viking Hldgs Ltd-22.3% shares
- MTZ MasTec Inc-7.9% shares
Sold out
- LNG Cheniere Energy Incwas 3.1%
- AGX Argan Incwas 2.6%
- CEG Constellation Energy Corpwas 2.4%
- VG Venture Global Incwas 2.0%
- AR Antero Resources Corpwas 2.0%
- HII Huntington Ingalls Inds Incwas 2.0%
- HCC Warrior Met Coal Incwas 1.7%
- CNR Core Nat Res Incwas 1.0%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +28.1% /yr
- S&P 500 +20.1%
- 3 years
- +21.9% /yr
- S&P 500 +20.4%
- 5 years
- —
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $2.4B | 24 |
| Q1 2026 | $1.6B | 25 |
| Q4 2025 | $1.5B | 22 |
| Q3 2025 | $1.3B | 21 |
| Q2 2025 | $1.3B | 17 |
| Q1 2025 | $732.2M | 15 |
| Q4 2024 | $1.1B | 21 |
| Q3 2024 | $823.7M | 21 |
| Q2 2024 | $722.4M | 22 |
| Q1 2024 | $407.2M | 20 |
| Q4 2023 | $295.2M | 20 |
| Q3 2023 | $221.8M | 26 |
Questions about Forest Avenue Capital Management LP's portfolio
What stocks does Forest Avenue Capital Management LP own?
Forest Avenue Capital Management LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 24 positions worth $2.4B. The largest are Vistra Corp (VST) at 10.2%, Viking Hldgs Ltd (VIK) at 7.0%, Madison Air Solutions Corp at 6.7%, Dpc Holdings PLC (DPC) at 6.0% and Woodward, Inc. (WWD) at 5.9%.
What did Forest Avenue Capital Management LP buy last quarter?
In Q2 2026, Forest Avenue Capital Management LP added a new position in Madison Air Solutions Corp, a new position in Dpc Holdings PLC (DPC), a new position in Legence Corp (LGN), a new position in Taiwan Semiconductor Manufac (TSM), a new position in Astera Labs Inc (ALAB), Norwegian Cruise Line Hldgs (NCLH) (+211.8% shares), Delek US Hldgs Inc New (DK) (+81.7% shares) and Regal Rexnord Corporation (RRX) (+78.9% shares), compared with its Q1 2026 filing.
What did Forest Avenue Capital Management LP sell last quarter?
In Q2 2026, Forest Avenue Capital Management LP sold all of Cheniere Energy Inc (LNG), sold all of Argan Inc (AGX), sold all of Constellation Energy Corp (CEG), sold all of Venture Global Inc (VG), sold all of Antero Resources Corp (AR), Carpenter Technology Corp (CRS) (-56.2% shares), Par Pac Holdings Inc (PARR) (-37.4% shares) and Viking Hldgs Ltd (VIK) (-22.3% shares), compared with its Q1 2026 filing.
How has Forest Avenue Capital Management LP's portfolio performed?
A portfolio copying Forest Avenue Capital Management LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +21.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +28.1% against +20.1%.
When is Forest Avenue Capital Management LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Forest Avenue Capital Management LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Forest Avenue Capital Management LP manage?
Forest Avenue Capital Management LP reported $2.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $2.4B.