1y return+39.6%S&P 500 +20.9%
3y return+125.7%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2022: $237 against $195 in the S&P 500.2
Forest Avenue Capital Management LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VSTVistra Corp | $243.4M | 10.2% | +18.3% |
| Viking Holdings LtdCUSIP G93A5A101 | $165.7M | 7.0% | −22.3% |
| MAIRMadison Air Solutions Corp | $158.4M | 6.7% | New |
| Dpc Holdings PLCCUSIP G2R11M108 | $143.7M | 6.0% | New |
| WWDWoodward Inc | $141.3M | 5.9% | +49.5% |
| ECGEverus Constr Group | $137.2M | 5.8% | +15.5% |
| LGNLegence Corp | $131.8M | 5.5% | New |
| Norwegian Cruise Line HldgsCUSIP G66721104 | $129.9M | 5.5% | +211.8% |
| TSMTaiwan Semiconductor Manufac | $123.2M | 5.2% | New |
| MTZMastec Inc | $103.4M | 4.3% | −7.9% |
| RRXRegal Rexnord Corporation | $101.9M | 4.3% | +78.9% |
| SGISomnigroup International Inc | $101.6M | 4.3% | +28.1% |
| CRSCarpenter Technology Corp | $101.3M | 4.3% | −56.2% |
| CNMCore & Main Inc | $86.5M | 3.6% | |
| WULFTerawulf Inc | $84.6M | 3.6% | +73.7% |
| QXOQxo Inc | $79.2M | 3.3% | |
| ALABAstera Labs Inc | $72.1M | 3.0% | New |
| DKDelek Us Hldgs Inc New | $60.4M | 2.5% | +81.7% |
| NVDANvidia Corporation | $58.9M | 2.5% | New |
| PARRPar Pac Holdings Inc | $49.8M | 2.1% | −37.4% |
| Leggett & Platt IncCUSIP 524660107 | $43.0M | 1.8% | |
| BTUPeabody Engr Corp | $37.8M | 1.6% | |
| BRKRBruker Corp | $25.4M | 1.1% | New |
| Novonix LimitedCUSIP 67010L100 | $547K | 0.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CRSCarpenter Technology Corp | September 30, 2024 | +286.5% | $101.3M |
| Viking Holdings LtdCUSIP G93A5A101 | June 30, 2024 | +208.4% | $165.7M |
| VSTVistra Corp | March 31, 2024 | +127.8% | $243.4M |
| MTZMastec Inc | September 30, 2025 | +95.5% | $103.4M |
| WWDWoodward Inc | June 30, 2025 | +73.6% | $141.3M |
| WULFTerawulf Inc | March 31, 2026 | +71.2% | $84.6M |
| PARRPar Pac Holdings Inc | September 30, 2025 | +58.3% | $49.8M |
| ECGEverus Constr Group | March 31, 2026 | +40.6% | $137.2M |
| Leggett & Platt IncCUSIP 524660107 | September 30, 2025 | +31.9% | $43.0M |
| SGISomnigroup International Inc | March 31, 2025 | +30.9% | $101.6M |
Sold off last quarter
- LNGCheniere Energy Inc was $48.9M
- AGXArgan Inc was $40.6M
- CEGConstellation Energy Corp was $37.3M
- VGVenture Global Inc was $32.1M
- ARAntero Resources Corp was $31.8M
- HIIHuntington Ingalls Inds Inc was $31.5M
- HCCWarrior Met Coal Inc was $26.6M
- CNRCore Natural Resources Inc was $15.9M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +14.1% | +14.8% |
| March 31, 2026 | +14.0% | −4.6% |
| December 31, 2025 | +6.9% | +2.4% |
| September 30, 2025 | +0.4% | +7.8% |
| June 30, 2025 | +34.6% | +10.5% |
| March 31, 2025 | −12.6% | −4.6% |
| December 31, 2024 | +6.6% | +2.1% |
| September 30, 2024 | +6.9% | +5.4% |
| June 30, 2024 | −1.8% | +4.0% |
| March 31, 2024 | +12.2% | +10.0% |
| December 31, 2023 | +10.5% | +11.2% |
| September 30, 2023 | −1.0% | −3.6% |
| June 30, 2023 | +3.7% | +8.3% |
| March 31, 2023 | +1.3% | +7.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Forest Avenue Capital Management LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1944889&type=13F-HR&dateb=&owner=include&count=40CIK 1944889
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1944889/000194488926000005/Filed August 14, 2026 · accession 0001944889-26-000005