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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
+12.54%
1 Year Est. Return
+104.84%
3 Year Est. Return
+330.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$295M
AUM Growth
+$73.4M
Cap. Flow
+$44.2M
Cap. Flow %
14.98%
Top 10 Hldgs %
71.19%
Holding
32
New
6
Increased
10
Reduced
3
Closed
12

Top Buys

Rank Stock Value
1
PCG icon
PG&E
PCG
+$20.6M
2
SGI
Somnigroup International
SGI
+$17M
3
FDX icon
FedEx
FDX
+$15.4M
4
PWR icon
Quanta Services
PWR
+$11.8M
5
FRO icon
Frontline
FRO
+$11.7M

Top Sells

Rank Stock Value
1
GTLS
Chart Industries
GTLS
+$13.9M
2
VVV icon
Valvoline
VVV
+$10.6M
3
LULU icon
lululemon athletica
LULU
+$9.45M
4
CMBT
CMB.TECH NV
CMBT
+$7.61M
5
BABA icon
Alibaba
BABA
+$7.59M

Sector Composition

Rank Sector Weight
1 Industrials 32.78%
2 Consumer Discretionary 24.67%
3 Energy 18.37%
4 Utilities 9.08%
5 Technology 6.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GTLS
26
DELISTED
Chart Industries
GTLS
– –
-81,900
Closed -$13.9M
LULU icon
27
lululemon athletica
LULU
$14.6B
– –
-24,500
Closed -$9.45M
MSFT icon
28
Microsoft
MSFT
$3.71T
– –
-19,100
Closed -$6.03M
SAIA icon
29
Saia
SAIA
$9.72B
– –
-13,300
Closed -$5.3M
UBER icon
30
Uber
UBER
$153B
– –
-102,200
Closed -$4.7M
X
31
DELISTED
US Steel
X
– –
-228,900
Closed -$7.43M
CMBT
32
CMB.TECH NV
CMBT
$4.73B
– –
-463,318
Closed -$7.61M
1
2

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Forest Avenue Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Forest Avenue Capital Management held 32 positions worth $295M, up 33% from $222M the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Forest Avenue Capital Management deployed $44.2M of net new capital in Q4 2023, opening 6 new positions and adding to 10 existing holdings. Its largest new stake was Somnigroup International: 401,300 shares worth $20.5M.

By sector, the portfolio is most concentrated in Industrials at 33% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Energy.

On the sell side, the largest reduction was Valvoline, an estimated $10.6M trimmed.

  • Forest Avenue Capital Management's largest Q4 2023 buy was Somnigroup International: 401,300 shares worth $20.5M.
  • Forest Avenue Capital Management added most to PG&E in Q4 2023, an estimated $20.6M increase.
  • Forest Avenue Capital Management's biggest Q4 2023 reduction was Valvoline, cutting an estimated $10.6M.
  • Forest Avenue Capital Management fully exited Chart Industries in Q4 2023, selling an estimated $13.9M.
  • Forest Avenue Capital Management's ten largest holdings make up 71% of its $295M portfolio in Q4 2023.
  • Forest Avenue Capital Management opened 6 new positions and closed 12 in Q4 2023.
  • Forest Avenue Capital Management's portfolio value rose 33% quarter-over-quarter to $295M.

Based on Forest Avenue Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.