Forest Avenue Capital Management LP's Q2 2026 13F: 7 new positions, 8 exits
Form 13F-HR for the quarter ended Jun 30, 2026 · filed Aug 14, 2026 · 24 reported positions · accession 0001944889-26-000005
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | MADISON AIR SOLUTIONS CORP (MAIR) | — | 6.7% | +6.7 pts | +4.06M sh | new |
| New | DPC HOLDINGS PLC (DPC) | — | 6.0% | +6.0 pts | +2.93M sh | new |
| New | LEGENCE CORP (LGN) | — | 5.5% | +5.5 pts | +1.55M sh | new |
| Reduced | CARPENTER TECHNOLOGY CORP (CRS) | 9.3% | 4.3% | −5.1 pts | −211K sh | −56% |
| New | TAIWAN SEMICONDUCTOR MANUFAC (TSM) | — | 5.2% | +5.2 pts | +258K sh | new |
| Increased | NORWEGIAN CRUISE LINE HLDGS (NCLH) | 2.3% | 5.5% | +3.1 pts | +4.18M sh | +212% |
| Exited | CHENIERE ENERGY INC (LNG) | 3.1% | — | −3.1 pts | −172K sh | −100% |
| New | ASTERA LABS INC (ALAB) | — | 3.0% | +3.0 pts | +149K sh | new |
| Exited | ARGAN INC (AGX) | 2.6% | — | −2.6 pts | −74,456 sh | −100% |
| New | NVIDIA CORPORATION (NVDA) | — | 2.5% | +2.5 pts | +294K sh | new |
| Exited | CONSTELLATION ENERGY CORP (CEG) | 2.4% | — | −2.4 pts | −134K sh | −100% |
| Exited | VENTURE GLOBAL INC (VG) | 2.0% | — | −2.0 pts | −2.03M sh | −100% |
| Exited | ANTERO RESOURCES CORP (AR) | 2.0% | — | −2.0 pts | −748K sh | −100% |
| Reduced | VIKING HOLDINGS LTD (VIK) | 9.5% | 7.0% | −2.5 pts | −455K sh | −22% |
| Exited | HUNTINGTON INGALLS INDS INC (HII) | 2.0% | — | −2.0 pts | −82,809 sh | −100% |
| Increased | WOODWARD INC (WWD) | 5.0% | 5.9% | +0.9 pts | +110K sh | +50% |
| Increased | REGAL REXNORD CORPORATION (RRX) | 2.8% | 4.3% | +1.4 pts | +189K sh | +79% |
| Exited | WARRIOR MET COAL INC (HCC) | 1.7% | — | −1.7 pts | −286K sh | −100% |
| Increased | VISTRA CORP (VST) | 12.3% | 10.2% | −2.1 pts | +237K sh | +18% |
| Increased | TERAWULF INC (WULF) | 1.8% | 3.6% | +1.8 pts | +1.45M sh | +74% |
| Reduced | PAR PAC HOLDINGS INC (PARR) | 5.6% | 2.1% | −3.5 pts | −530K sh | −37% |
| Increased | DELEK US HLDGS INC NEW (DK) | 1.9% | 2.5% | +0.7 pts | +534K sh | +82% |
| New | BRUKER CORP (BRKR) | — | 1.1% | +1.1 pts | +422K sh | new |
| Exited | CORE NATURAL RESOURCES INC (CNR) | 1.0% | — | −1.0 pts | −152K sh | −100% |
| Increased | SOMNIGROUP INTERNATIONAL INC (SGI) | 4.7% | 4.3% | −0.5 pts | +284K sh | +28% |
| Increased | EVERUS CONSTR GROUP (ECG) | 5.3% | 5.8% | +0.4 pts | +111K sh | +16% |
| Reduced | MASTEC INC (MTZ) | 5.5% | 4.3% | −1.1 pts | −21,224 sh | −8% |
| Reduced | CORE & MAIN INC (CNM) | 5.6% | 3.6% | −2.0 pts | −14,514 sh | −1% |
| Reduced | QXO INC (QXO) | 5.7% | 3.3% | −2.3 pts | −37,105 sh | −1% |
| Reduced | LEGGETT & PLATT INC (LEG) | 2.3% | 1.8% | −0.5 pts | −29,717 sh | −1% |
| Reduced | PEABODY ENGR CORP (BTU) | 3.4% | 1.6% | −1.8 pts | −13,215 sh | −1% |
| Reduced | NOVONIX LIMITED (NVX) | 0.1% | 0.0% | 0.0 pts | −9,627 sh | −1% |
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 — 62.1% of the equity book
Changes in the top 10 this quarter: MAIR entered · DPC entered · LGN entered · NCLH entered · TSM entered · CRS left · QXO left · CNM left · PARR left · SGI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | VISTRA CORP (VST) | 12.3% | 10.2% | |
| 2 | VIKING HOLDINGS LTD (VIK) | 9.5% | 7.0% | |
| 3 | MADISON AIR SOLUTIONS CORP (MAIR) | 0.0% | 6.7% | Entered the top 10 |
| 4 | DPC HOLDINGS PLC (DPC) | 0.0% | 6.0% | Entered the top 10 |
| 5 | WOODWARD INC (WWD) | 5.0% | 5.9% | |
| 6 | EVERUS CONSTR GROUP (ECG) | 5.3% | 5.8% | |
| 7 | LEGENCE CORP (LGN) | 0.0% | 5.5% | Entered the top 10 |
| 8 | NORWEGIAN CRUISE LINE HLDGS (NCLH) | 2.3% | 5.5% | Entered the top 10 |
| 9 | TAIWAN SEMICONDUCTOR MANUFAC (TSM) | 0.0% | 5.2% | Entered the top 10 |
| 10 | MASTEC INC (MTZ) | 5.5% | 4.3% | |
| — | CARPENTER TECHNOLOGY CORP (CRS) | 9.3% | 4.3% | Left the top 10 |
| — | QXO INC (QXO) | 5.7% | 3.3% | Left the top 10 |
| — | CORE & MAIN INC (CNM) | 5.6% | 3.6% | Left the top 10 |
| — | PAR PAC HOLDINGS INC (PARR) | 5.6% | 2.1% | Left the top 10 |
| — | SOMNIGROUP INTERNATIONAL INC (SGI) | 4.7% | 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).
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 | INVESCO QQQ TR (QQQ) | Put | 180K | 0 | $0 |