Forest Avenue Capital Management LP's Q2 2024 13F: 7 new positions, 5 exits
Form 13F-HR for the quarter ended Jun 30, 2024 · filed Aug 13, 2024 · 22 reported positions · accession 0001929389-24-000008
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | VIKING HOLDINGS LTD (VIK) | — | 8.0% | +8.0 pts | +1.71M sh | new |
| New | UBER TECHNOLOGIES INC (UBER) | — | 6.2% | +6.2 pts | +617K sh | new |
| Exited | ULTA BEAUTY INC (ULTA) | 5.5% | — | −5.5 pts | −42,900 sh | −100% |
| New | ROYAL CARIBBEAN GROUP (RCL) | — | 4.9% | +4.9 pts | +220K sh | new |
| New | TECK RESOURCES LTD (TECK) | — | 4.6% | +4.6 pts | +695K sh | new |
| New | FIRST SOLAR INC (FSLR) | — | 4.3% | +4.3 pts | +137K sh | new |
| Exited | CHENIERE ENERGY INC (LNG) | 4.3% | — | −4.3 pts | −108K sh | −100% |
| Increased | BATH & BODY WORKS INC (BBWI) | 7.6% | 6.7% | −1.0 pts | +612K sh | +98% |
| New | UNITED STATES STL CORP NEW (X) | — | 3.2% | +3.2 pts | +602K sh | new |
| Exited | META PLATFORMS INC (META) | 2.8% | — | −2.8 pts | −23,700 sh | −100% |
| Exited | ALPHABET INC (GOOG) | 2.7% | — | −2.7 pts | −73,100 sh | −100% |
| Increased | WALMART INC (WMT) | 5.6% | 6.2% | +0.6 pts | +284K sh | +75% |
| New | SPIRIT AEROSYSTEMS HLDGS INC (SPR) | — | 2.2% | +2.2 pts | +494K sh | new |
| Increased | CORE & MAIN INC (CNM) | 8.8% | 6.4% | −2.3 pts | +325K sh | +52% |
| Increased | TEMPUR SEALY INTL INC (SGI) | 7.9% | 5.6% | −2.2 pts | +294K sh | +52% |
| Increased | REGAL REXNORD CORPORATION (RRX) | 7.1% | 4.9% | −2.2 pts | +102K sh | +64% |
| Increased | CHEMOURS CO (CC) | 1.6% | 2.6% | +1.0 pts | +595K sh | +237% |
| Increased | MATSON INC (MATX) | 4.3% | 4.2% | −0.1 pts | +77,731 sh | +50% |
| Increased | PG&E CORP (PCG) | 4.1% | 3.8% | −0.3 pts | +570K sh | +57% |
| Reduced | CARNIVAL CORP (CCL) | 6.0% | 2.5% | −3.5 pts | −526K sh | −35% |
| Increased | VISTRA CORP (VST) | 7.5% | 6.4% | −1.1 pts | +96,074 sh | +22% |
| Increased | XPO INC (XPO) | 6.6% | 4.3% | −2.4 pts | +68,869 sh | +31% |
| Increased | WARRIOR MET COAL INC (HCC) | 1.6% | 1.8% | +0.2 pts | +101K sh | +91% |
| Increased | GE VERNOVA INC (GEV) | 4.0% | 3.4% | −0.6 pts | +24,400 sh | +21% |
| Increased | FRONTLINE PLC (FRO) | 7.3% | 5.1% | −2.2 pts | +162K sh | +13% |
| Increased | ARCH RESOURCES INC (ARCH) | 4.6% | 2.6% | −1.9 pts | +10,158 sh | +9% |
| Exited | NET POWER INC (NPWRWS) | 0.1% | — | −0.1 pts | −125K sh | −100% |
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 — 60.4% of the equity book
Changes in the top 10 this quarter: VIK entered · UBER entered · RCL entered · XPO left · CCL left · ULTA left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | VIKING HOLDINGS LTD (VIK) | 0.0% | 8.0% | Entered the top 10 |
| 2 | BATH & BODY WORKS INC (BBWI) | 7.6% | 6.7% | |
| 3 | CORE & MAIN INC (CNM) | 8.8% | 6.4% | |
| 4 | VISTRA CORP (VST) | 7.5% | 6.4% | |
| 5 | WALMART INC (WMT) | 5.6% | 6.2% | |
| 6 | UBER TECHNOLOGIES INC (UBER) | 0.0% | 6.2% | Entered the top 10 |
| 7 | TEMPUR SEALY INTL INC (SGI) | 7.9% | 5.6% | |
| 8 | FRONTLINE PLC (FRO) | 7.3% | 5.1% | |
| 9 | REGAL REXNORD CORPORATION (RRX) | 7.1% | 4.9% | |
| 10 | ROYAL CARIBBEAN GROUP (RCL) | 0.0% | 4.9% | Entered the top 10 |
| — | XPO INC (XPO) | 6.6% | 4.3% | Left the top 10 |
| — | CARNIVAL CORP (CCL) | 6.0% | 2.5% | Left the top 10 |
| — | ULTA BEAUTY INC (ULTA) | 5.5% | 0.0% | 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).