Forest Avenue Capital Management LP's Q2 2025 13F: 4 new positions, 2 exits
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 14, 2025 · 17 reported positions · accession 0001944889-25-000005
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | VIKING HOLDINGS LTD (VIK) | 7.8% | 15.8% | +8.0 pts | +2.36M sh | +164% |
| New | QXO INC (QXO) | — | 6.3% | +6.3 pts | +3.76M sh | new |
| Reduced | CONSTELLATION ENERGY CORP (CEG) | 11.1% | 6.3% | −4.7 pts | −151K sh | −38% |
| New | KENVUE INC (KVUE) | — | 3.4% | +3.4 pts | +2.1M sh | new |
| Exited | UNITED STATES STL CORP NEW (X) | 2.7% | — | −2.7 pts | −471K sh | −100% |
| Increased | XPO INC (XPO) | 6.9% | 7.2% | +0.3 pts | +263K sh | +56% |
| Reduced | ATI INC (ATI) | 6.1% | 3.3% | −2.8 pts | −369K sh | −43% |
| New | JOHNSON CTLS INTL PLC (JCI) | — | 2.4% | +2.4 pts | +295K sh | new |
| Increased | SOMNIGROUP INTERNATIONAL INC (SGI) | 6.2% | 6.2% | 0.0 pts | +410K sh | +54% |
| Increased | VISTRA CORP (VST) | 9.5% | 11.1% | +1.6 pts | +143K sh | +24% |
| Exited | OLD DOMINION FREIGHT LINE IN (ODFL) | 2.1% | — | −2.1 pts | −93,900 sh | −100% |
| New | WOODWARD INC (WWD) | — | 1.9% | +1.9 pts | +100K sh | new |
| Reduced | CARPENTER TECHNOLOGY CORP (CRS) | 13.6% | 10.3% | −3.2 pts | −69,243 sh | −13% |
| Increased | MATSON INC (MATX) | 4.8% | 3.6% | −1.2 pts | +139K sh | +51% |
| Reduced | WARRIOR MET COAL INC (HCC) | 4.2% | 1.3% | −3.0 pts | −295K sh | −45% |
| Increased | CORE & MAIN INC (CNM) | 9.1% | 7.1% | −2.0 pts | +130K sh | +10% |
| Increased | BATH & BODY WORKS INC (BBWI) | 6.9% | 4.2% | −2.6 pts | +155K sh | +9% |
| Reduced | ROYAL CARIBBEAN GROUP (RCL) | 7.9% | 6.8% | −1.1 pts | −4,295 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 — 81.5% of the equity book
Changes in the top 10 this quarter: QXO entered · ATI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | VIKING HOLDINGS LTD (VIK) | 7.8% | 15.8% | |
| 2 | VISTRA CORP (VST) | 9.5% | 11.1% | |
| 3 | CARPENTER TECHNOLOGY CORP (CRS) | 13.6% | 10.3% | |
| 4 | XPO INC (XPO) | 6.9% | 7.2% | |
| 5 | CORE & MAIN INC (CNM) | 9.1% | 7.1% | |
| 6 | ROYAL CARIBBEAN GROUP (RCL) | 7.9% | 6.8% | |
| 7 | QXO INC (QXO) | 0.0% | 6.3% | Entered the top 10 |
| 8 | CONSTELLATION ENERGY CORP (CEG) | 11.1% | 6.3% | |
| 9 | SOMNIGROUP INTERNATIONAL INC (SGI) | 6.2% | 6.2% | |
| 10 | BATH & BODY WORKS INC (BBWI) | 6.9% | 4.2% | |
| — | ATI INC (ATI) | 6.1% | 3.3% | 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).