Forest Avenue Capital Management LP's Q1 2024 13F: 7 new positions, 7 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 13, 2024 · 20 reported positions · accession 0001944889-24-000003
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | FEDEX CORP (FDX) | 7.9% | — | −7.9 pts | −92,400 sh | −100% |
| New | VISTRA CORP (VST) | — | 7.5% | +7.5 pts | +439K sh | new |
| Exited | FIRST SOLAR INC (FSLR) | 6.1% | — | −6.1 pts | −104K sh | −100% |
| New | CARNIVAL CORP (CCL) | — | 6.0% | +6.0 pts | +1.49M sh | new |
| New | WALMART INC (WMT) | — | 5.6% | +5.6 pts | +380K sh | new |
| New | ULTA BEAUTY INC (ULTA) | — | 5.5% | +5.5 pts | +42,900 sh | new |
| Exited | QUANTA SVCS INC (PWR) | 4.6% | — | −4.6 pts | −63,600 sh | −100% |
| Increased | CORE & MAIN INC (CNM) | 4.4% | 8.8% | +4.3 pts | +299K sh | +92% |
| New | GE VERNOVA LLC (GEV) | — | 4.0% | +4.0 pts | +119K sh | new |
| Exited | GOODYEAR TIRE & RUBR CO (GT) | 3.6% | — | −3.6 pts | −740K sh | −100% |
| Exited | CAESARS ENTERTAINMENT INC NE (CZR) | 3.0% | — | −3.0 pts | −189K sh | −100% |
| New | ALPHABET INC (GOOG) | — | 2.7% | +2.7 pts | +73,100 sh | new |
| Increased | MATSON INC (MATX) | 2.4% | 4.3% | +1.9 pts | +90,724 sh | +142% |
| Increased | TEMPUR SEALY INTL INC (SGI) | 6.9% | 7.9% | +0.9 pts | +162K sh | +40% |
| Exited | CLEVELAND-CLIFFS INC NEW (CLF) | 2.1% | — | −2.1 pts | −304K sh | −100% |
| Reduced | PG&E CORP (PCG) | 9.1% | 4.1% | −4.9 pts | −480K sh | −32% |
| Exited | VALVOLINE INC (VVV) | 1.8% | — | −1.8 pts | −140K sh | −100% |
| Reduced | META PLATFORMS INC (META) | 4.5% | 2.8% | −1.7 pts | −14,000 sh | −37% |
| New | CHEMOURS CO (CC) | — | 1.6% | +1.6 pts | +251K sh | new |
| Increased | FRONTLINE PLC (FRO) | 7.2% | 7.3% | +0.1 pts | +211K sh | +20% |
| Increased | REGAL REXNORD CORPORATION (RRX) | 6.8% | 7.1% | +0.3 pts | +24,200 sh | +18% |
| Increased | CHENIERE ENERGY INC (LNG) | 4.8% | 4.3% | −0.6 pts | +24,400 sh | +29% |
| Reduced | BATH & BODY WORKS INC (BBWI) | 9.4% | 7.6% | −1.8 pts | −20,700 sh | −3% |
| Increased | ARCH RESOURCES INC (ARCH) | 6.4% | 4.6% | −1.8 pts | +2,000 sh | +2% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 69.9% of the equity book
Changes in the top 10 this quarter: CNM entered · VST entered · CCL entered · WMT entered · ULTA entered · PCG left · FDX left · ARCH left · FSLR left · LNG left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | CORE & MAIN INC (CNM) | 4.4% | 8.8% | Entered the top 10 |
| 2 | TEMPUR SEALY INTL INC (SGI) | 6.9% | 7.9% | |
| 3 | BATH & BODY WORKS INC (BBWI) | 9.4% | 7.6% | |
| 4 | VISTRA CORP (VST) | 0.0% | 7.5% | Entered the top 10 |
| 5 | FRONTLINE PLC (FRO) | 7.2% | 7.3% | |
| 6 | REGAL REXNORD CORPORATION (RRX) | 6.8% | 7.1% | |
| 7 | XPO INC (XPO) | 6.6% | 6.6% | |
| 8 | CARNIVAL CORP (CCL) | 0.0% | 6.0% | Entered the top 10 |
| 9 | WALMART INC (WMT) | 0.0% | 5.6% | Entered the top 10 |
| 10 | ULTA BEAUTY INC (ULTA) | 0.0% | 5.5% | Entered the top 10 |
| — | PG&E CORP (PCG) | 9.1% | 4.1% | Left the top 10 |
| — | FEDEX CORP (FDX) | 7.9% | 0.0% | Left the top 10 |
| — | ARCH RESOURCES INC (ARCH) | 6.4% | 4.6% | Left the top 10 |
| — | FIRST SOLAR INC (FSLR) | 6.1% | 0.0% | Left the top 10 |
| — | CHENIERE ENERGY INC (LNG) | 4.8% | 4.3% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).