Forest Avenue Capital Management Portfolio holdings
Forest Avenue Capital Management is a global long/short equity investment firm that buys and shorts stocks around the world and also makes private investments. Its stock picking covers two groups of sectors: energy, industrials, infrastructure, renewables and utilities on one side, and consumer on the other. It spreads its portfolio across sectors and countries and runs with a single decision maker. Tarigh Yusufi is the principal owner of the firm, which was formed in 2021, and its private funds may draw institutions, pension plans and endowments.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Madison Air Solutions
MAIR
|
+$158M |
| 2 |
DPC
DPC Holdings PLC
DPC
|
+$143M |
| 3 |
Legence Corp
LGN
|
+$126M |
| 4 |
TSMC
TSM
|
+$105M |
| 5 |
Norwegian Cruise Line
NCLH
|
+$78M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Carpenter Technology
CRS
|
+$99.2M |
| 2 |
Cheniere Energy
LNG
|
+$48.9M |
| 3 |
Argan
AGX
|
+$40.6M |
| 4 |
Viking Holdings
VIK
|
+$39.3M |
| 5 |
Constellation Energy
CEG
|
+$37.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 49.78% |
| 2 | Consumer Discretionary | 18.49% |
| 3 | Technology | 10.68% |
| 4 | Utilities | 10.22% |
| 5 | Energy | 6.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Vistra
VST
$44.5B
| $243M | 10.22% |
1,534,281
+236,956
| +18% | +$36.8M |
2024 Q1
9 quarters
|
|
|
2
Viking Holdings
VIK
$39.3B
| $166M | 6.96% |
1,582,676
-454,539
| -22% | -$39.3M |
2024 Q2
8 quarters
|
|
|
3
Madison Air Solutions
MAIR
$12B
| $158M | 6.65% |
+4,061,688
| New | +$158M |
2026 Q2
0 quarters
|
|
|
DPC
4
DPC Holdings PLC
DPC
$4.47B
| $144M | 6.04% |
+2,929,831
| New | +$143M |
2026 Q2
0 quarters
|
|
5
Woodward
WWD
$19.7B
| $141M | 5.93% |
332,039
+109,966
| +50% | +$41.7M |
2025 Q2
4 quarters
|
|
6
Everus Construction Group
ECG
$4.38B
| $137M | 5.76% |
826,510
+111,225
| +16% | +$16.3M |
2026 Q1
1 quarter
|
|
|
7
Legence Corp
LGN
$2.46B
| $132M | 5.54% |
+1,546,512
| New | +$126M |
2026 Q2
0 quarters
|
|
|
8
Norwegian Cruise Line
NCLH
$8.5B
| $130M | 5.46% |
6,153,171
+4,179,939
| +212% | +$78M |
2026 Q1
1 quarter
|
|
|
9
TSMC
TSM
$2.06T
| $123M | 5.17% |
+257,965
| New | +$105M |
2026 Q2
0 quarters
|
|
10
MasTec
MTZ
$14.5B
| $103M | 4.34% |
248,627
-21,224
| -8% | -$8.11M |
2025 Q3
3 quarters
|
|
11
Regal Rexnord
RRX
$12B
| $102M | 4.28% |
427,925
+188,708
| +79% | +$39.4M |
2026 Q1
1 quarter
|
|
12
Somnigroup International
SGI
$14.5B
| $102M | 4.27% |
1,296,142
+283,961
| +28% | +$20.8M |
2025 Q1
5 quarters
|
|
|
13
Carpenter Technology
CRS
$14.7B
| $101M | 4.25% |
164,219
-210,793
| -56% | -$99.2M |
2024 Q3
7 quarters
|
|
14
Core & Main
CNM
$8.75B
| $86.5M | 3.63% |
1,793,541
-14,514
| -0.8% | -$717K |
2023 Q4
10 quarters
|
|
15
TeraWulf
WULF
$6.3B
| $84.6M | 3.55% |
3,423,682
+1,452,698
| +74% | +$33.4M |
2026 Q1
1 quarter
|
|
16
QXO Inc
QXO
$14.2B
| $79.2M | 3.33% |
4,585,678
-37,105
| -0.8% | -$691K |
2025 Q2
4 quarters
|
|
17
Astera Labs
ALAB
$37.8B
| $72.1M | 3.03% |
+149,320
| New | +$39.6M |
2026 Q2
0 quarters
|
|
18
Delek US
DK
$3.8B
| $60.4M | 2.54% |
1,188,057
+534,227
| +82% | +$23.7M |
2026 Q1
1 quarter
|
|
19
NVIDIA
NVDA
$4.08T
| $58.9M | 2.47% |
+294,300
| New | +$60.5M |
2026 Q2
0 quarters
|
|
20
Par Pacific Holdings
PARR
$3.36B
| $49.8M | 2.09% |
887,546
-529,533
| -37% | -$31.5M |
2025 Q3
3 quarters
|
|
21
DELISTED
Leggett & Platt
LEG
| $43M | 1.81% |
3,672,672
-29,717
| -0.8% | -$313K |
2025 Q3
3 quarters
|
|
22
Peabody Energy
BTU
$2.03B
| $37.8M | 1.59% |
1,633,147
-13,215
| -0.8% | -$351K |
2025 Q3
3 quarters
|
|
23
Bruker
BRKR
$9.5B
| $25.4M | 1.07% |
+422,000
| New | +$19.7M |
2026 Q2
0 quarters
|
|
24
NOVONIX
NVX
$54.1M
| $547K | 0.02% |
118,977
-963
| -0.8% | -$6.41K |
2026 Q1
1 quarter
|
|
|
25
Argan
AGX
$4.27B
| – | – |
-74,456
| Closed | -$40.6M | – |
|
Similar funds
Forest Avenue Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Forest Avenue Capital Management held 33 positions worth $2.38B, up 41% from $1.69B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Forest Avenue Capital Management deployed $497M of net new capital in Q2 2026, opening 7 new positions and adding to 8 existing holdings. Its largest new stake was Madison Air Solutions: 4,061,688 shares worth $158M.
By sector, the portfolio is most concentrated in Industrials at 50% of assets, up from 41% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Carpenter Technology, an estimated $99.2M trimmed.
- Forest Avenue Capital Management's largest Q2 2026 buy was Madison Air Solutions: 4,061,688 shares worth $158M.
- Forest Avenue Capital Management added most to Norwegian Cruise Line in Q2 2026, an estimated $78M increase.
- Forest Avenue Capital Management's biggest Q2 2026 reduction was Carpenter Technology, cutting an estimated $99.2M.
- Forest Avenue Capital Management fully exited Cheniere Energy in Q2 2026, selling an estimated $48.9M.
- Forest Avenue Capital Management's ten largest holdings make up 62% of its $2.38B portfolio in Q2 2026.
- Forest Avenue Capital Management opened 7 new positions and closed 9 in Q2 2026.
- Forest Avenue Capital Management's portfolio value rose 41% quarter-over-quarter to $2.38B.
Based on Forest Avenue Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.