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FACM

Forest Avenue Capital Management Portfolio holdings

AUM $1.69B
1-Year Est. Return 104.84%
This Fund
S&P 500
This Quarter Est. Return
+13.94%
1 Year Est. Return
+104.84%
3 Year Est. Return
+330.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$139M
AUM Growth
+$44.5M
Cap. Flow
+$38.5M
Cap. Flow %
27.76%
Top 10 Hldgs %
68.29%
Holding
27
New
15
Increased
3
Reduced
2
Closed
6

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$9.15M
2
GTLS
Chart Industries
GTLS
+$9.15M
3
MTZ icon
MasTec
MTZ
+$8.86M
4
STNG icon
Scorpio Tankers
STNG
+$7.69M
5
PCG icon
PG&E
PCG
+$7.57M

Top Sells

Rank Stock Value
1
EQT icon
EQT Corp
EQT
+$7.63M
2
RH icon
RH
RH
+$7.59M
3
CEG icon
Constellation Energy
CEG
+$7.35M
4
AR icon
Antero Resources
AR
+$7.32M
5
CSX icon
CSX Corp
CSX
+$6.93M

Sector Composition

Rank Sector Weight
1 Energy 41.21%
2 Consumer Discretionary 22.37%
3 Industrials 19.41%
4 Communication Services 8.22%
5 Utilities 5.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RH icon
26
RH
RH
$3.71B
– –
-28,422
Closed -$7.59M
RONI.U
27
DELISTED
Rice Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
RONI.U
– –
-500,000
Closed -$5.25M
1
2

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Forest Avenue Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Forest Avenue Capital Management held 27 positions worth $139M, up 47% from $94M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Forest Avenue Capital Management deployed $38.5M of net new capital in Q1 2023, opening 15 new positions and adding to 3 existing holdings. Its largest new stake was Meta Platforms (Facebook): 53,755 shares worth $11.4M.

By sector, the portfolio is most concentrated in Energy at 41% of assets, down from 43% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was First Solar, an estimated $5.83M trimmed.

  • Forest Avenue Capital Management's largest Q1 2023 buy was Meta Platforms (Facebook): 53,755 shares worth $11.4M.
  • Forest Avenue Capital Management added most to Frontline in Q1 2023, an estimated $4.09M increase.
  • Forest Avenue Capital Management's biggest Q1 2023 reduction was First Solar, cutting an estimated $5.83M.
  • Forest Avenue Capital Management fully exited EQT Corp in Q1 2023, selling an estimated $7.63M.
  • Forest Avenue Capital Management's ten largest holdings make up 68% of its $139M portfolio in Q1 2023.
  • Forest Avenue Capital Management opened 15 new positions and closed 6 in Q1 2023.
  • Forest Avenue Capital Management's portfolio value rose 47% quarter-over-quarter to $139M.

Based on Forest Avenue Capital Management's 13F filing for Q1 2023, filed 12 May 2023.