Forest Avenue Capital Management LP's Q1 2025 13F: 4 new positions, 10 exits
Form 13F-HR for the quarter ended Mar 31, 2025 · filed May 14, 2025 · 15 reported positions · accession 0001944889-25-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | AMAZON COM INC (AMZN) | 9.7% | — | −9.7 pts | −472K sh | −100% |
| New | SOMNIGROUP INTERNATIONAL INC (SGI) | — | 6.2% | +6.2 pts | +761K sh | new |
| New | ATI INC (ATI) | — | 6.1% | +6.1 pts | +862K sh | new |
| Increased | CARPENTER TECHNOLOGY CORP (CRS) | 4.8% | 13.6% | +8.8 pts | +247K sh | +82% |
| Reduced | UNITED STATES STL CORP NEW (X) | 4.8% | 2.7% | −2.1 pts | −1.02M sh | −69% |
| Exited | WALMART INC (WMT) | 5.0% | — | −5.0 pts | −586K sh | −100% |
| Exited | GENERAC HLDGS INC (GNRC) | 4.6% | — | −4.6 pts | −318K sh | −100% |
| Exited | VICTORIAS SECRET AND CO (VSCO) | 4.6% | — | −4.6 pts | −1.18M sh | −100% |
| Exited | DELTA AIR LINES INC DEL (DAL) | 4.5% | — | −4.5 pts | −799K sh | −100% |
| Increased | ROYAL CARIBBEAN GROUP (RCL) | 3.6% | 7.9% | +4.4 pts | +118K sh | +71% |
| Exited | APPLOVIN CORP (APP) | 2.8% | — | −2.8 pts | −91,700 sh | −100% |
| Reduced | VIKING HOLDINGS LTD (VIK) | 7.9% | 7.8% | −0.1 pts | −460K sh | −24% |
| New | OLD DOMINION FREIGHT LINE IN (ODFL) | — | 2.1% | +2.1 pts | +93,900 sh | new |
| Exited | GEO GROUP INC NEW (GEO) | 1.9% | — | −1.9 pts | −722K sh | −100% |
| Reduced | BATH & BODY WORKS INC (BBWI) | 7.5% | 6.9% | −0.6 pts | −383K sh | −19% |
| Exited | UNITED AIRLS HLDGS INC (UAL) | 1.6% | — | −1.6 pts | −173K sh | −100% |
| Reduced | XPO INC (XPO) | 6.9% | 6.9% | +0.1 pts | −86,120 sh | −15% |
| Exited | REGAL REXNORD CORPORATION (RRX) | 1.2% | — | −1.2 pts | −81,313 sh | −100% |
| Exited | CORECIVIC INC (CXW) | 1.1% | — | −1.1 pts | −515K sh | −100% |
| Increased | VISTRA CORP (VST) | 6.8% | 9.5% | +2.7 pts | +64,953 sh | +12% |
| New | COREWEAVE INC (CRWV) | — | 1.0% | +1.0 pts | +202K sh | new |
| Reduced | CONSTELLATION ENERGY CORP (CEG) | 9.1% | 11.1% | +1.9 pts | −33,152 sh | −8% |
| Increased | CORE & MAIN INC (CNM) | 5.9% | 9.1% | +3.1 pts | +132K sh | +11% |
| Increased | MATSON INC (MATX) | 2.9% | 4.8% | +1.9 pts | +42,162 sh | +18% |
| Increased | WARRIOR MET COAL INC (HCC) | 2.8% | 4.2% | +1.5 pts | +106K sh | +20% |
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 — 85.1% of the equity book
Changes in the top 10 this quarter: RCL entered · SGI entered · ATI entered · AMZN left · WMT left · X left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | CARPENTER TECHNOLOGY CORP (CRS) | 4.8% | 13.6% | |
| 2 | CONSTELLATION ENERGY CORP (CEG) | 9.1% | 11.1% | |
| 3 | VISTRA CORP (VST) | 6.8% | 9.5% | |
| 4 | CORE & MAIN INC (CNM) | 5.9% | 9.1% | |
| 5 | ROYAL CARIBBEAN GROUP (RCL) | 3.6% | 7.9% | Entered the top 10 |
| 6 | VIKING HOLDINGS LTD (VIK) | 7.9% | 7.8% | |
| 7 | XPO INC (XPO) | 6.9% | 6.9% | |
| 8 | BATH & BODY WORKS INC (BBWI) | 7.5% | 6.9% | |
| 9 | SOMNIGROUP INTERNATIONAL INC (SGI) | 0.0% | 6.2% | Entered the top 10 |
| 10 | ATI INC (ATI) | 0.0% | 6.1% | Entered the top 10 |
| — | AMAZON COM INC (AMZN) | 9.7% | 0.0% | Left the top 10 |
| — | WALMART INC (WMT) | 5.0% | 0.0% | Left the top 10 |
| — | UNITED STATES STL CORP NEW (X) | 4.8% | 2.7% | 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).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | XPO INC (XPO) | Call | 225K | 0 | $0 |