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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
+11.03%
1 Year Est. Return
+104.84%
3 Year Est. Return
+330.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$218M
AUM Growth
+$79.7M
(+58%)
Cap. Flow
+$63.8M
Cap. Flow
% of AUM
29.23%
Top 10 Holdings %
Top 10 Hldgs %
52.04%
Holding
36
New
15
Increased
11
Reduced
2
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$9.15M |
| 2 |
Uber
UBER
|
+$9.04M |
| 3 |
Valvoline
VVV
|
+$8.31M |
| 4 |
RH
RH
|
+$8.15M |
| 5 |
Antero Resources
AR
|
+$6.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$8.77M |
| 2 |
Scorpio Tankers
STNG
|
+$7.91M |
| 3 |
PBF Energy
PBF
|
+$6.55M |
| 4 |
lululemon athletica
LULU
|
+$4.59M |
| 5 |
FL
Foot Locker
FL
|
+$3.76M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 35.55% |
| 2 | Industrials | 24.91% |
| 3 | Energy | 21.44% |
| 4 | Technology | 9.06% |
| 5 | Communication Services | 4.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
TransDigm Group
TDG
$67.7B
| $3.04M | 1.39% |
+3,400
| New | +$2.69M |
|
|
CMBT
27
CMB.TECH NV
CMBT
$4.73B
| $2.56M | 1.18% |
168,474
+64,000
| +61% | +$1.04M |
|
28
AerCap
AER
$23.8B
| $1.14M | 0.52% |
+17,894
| New | +$1.03M |
|
29
NET Power Inc Warrants
NPWR.WS
$16.2M
| $420K | 0.19% |
+125,000
| New | +$433K |
|
|
FL
30
DELISTED
Foot Locker
FL
| – | – |
-94,700
| Closed | -$3.76M |
|
|
31
lululemon athletica
LULU
$14.6B
| – | – |
-12,600
| Closed | -$4.59M |
|
|
32
PBF Energy
PBF
$7.31B
| – | – |
-151,146
| Closed | -$6.55M |
|
|
33
Scorpio Tankers
STNG
$3.81B
| – | – |
-140,500
| Closed | -$7.91M |
|
|
CPE
34
DELISTED
Callon Petroleum Company
CPE
| – | – |
-100,692
| Closed | -$3.37M |
|
|
ARNC
35
DELISTED
Arconic Corporation
ARNC
| – | – |
-83,075
| Closed | -$2.18M |
|
|
RONI.WS
36
DELISTED
Rice Acquisition Corp. II Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
RONI.WS
| – | – |
-125,000
| Closed | -$183K |
|
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Forest Avenue Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Forest Avenue Capital Management held 36 positions worth $218M, up 58% from $139M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Forest Avenue Capital Management deployed $63.8M of net new capital in Q2 2023, opening 15 new positions and adding to 11 existing holdings. Its largest new stake was FedEx: 40,000 shares worth $9.92M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 36% of assets, up from 22% a quarter earlier, followed by Industrials and Energy.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $8.77M trimmed.
- Forest Avenue Capital Management's largest Q2 2023 buy was FedEx: 40,000 shares worth $9.92M.
- Forest Avenue Capital Management added most to First Solar in Q2 2023, an estimated $5.82M increase.
- Forest Avenue Capital Management's biggest Q2 2023 reduction was Meta Platforms (Facebook), cutting an estimated $8.77M.
- Forest Avenue Capital Management fully exited Scorpio Tankers in Q2 2023, selling an estimated $7.91M.
- Forest Avenue Capital Management's ten largest holdings make up 52% of its $218M portfolio in Q2 2023.
- Forest Avenue Capital Management opened 15 new positions and closed 7 in Q2 2023.
- Forest Avenue Capital Management's portfolio value rose 58% quarter-over-quarter to $218M.
Based on Forest Avenue Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.