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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
+18.29%
1 Year Est. Return
+104.84%
3 Year Est. Return
+330.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$407M
AUM Growth
+$112M
Cap. Flow
+$67.4M
Cap. Flow %
16.54%
Top 10 Hldgs %
69.86%
Holding
27
New
7
Increased
7
Reduced
3
Closed
7

Top Buys

Rank Stock Value
1
CCL icon
Carnival Corporation Ltd
CCL
+$24.2M
2
ULTA icon
Ulta Beauty
ULTA
+$22.2M
3
WMT icon
Walmart Inc
WMT
+$21.7M
4
VST icon
Vistra
VST
+$21.7M
5
GEV icon
GE Vernova
GEV
+$15.9M

Top Sells

Rank Stock Value
1
FDX icon
FedEx
FDX
+$23.4M
2
FSLR icon
First Solar
FSLR
+$18M
3
PWR icon
Quanta Services
PWR
+$13.7M
4
GT icon
Goodyear
GT
+$10.6M
5
CZR icon
Caesars Entertainment
CZR
+$8.84M

Sector Composition

Rank Sector Weight
1 Industrials 30.75%
2 Consumer Discretionary 26.97%
3 Energy 16.1%
4 Utilities 11.66%
5 Consumer Staples 5.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PWR icon
26
Quanta Services
PWR
$101B
– –
-63,600
Closed -$13.7M
VVV icon
27
Valvoline
VVV
$4.51B
– –
-140,033
Closed -$5.26M
1
2

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Forest Avenue Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Forest Avenue Capital Management held 27 positions worth $407M, up 38% from $295M the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Forest Avenue Capital Management deployed $67.4M of net new capital in Q1 2024, opening 7 new positions and adding to 7 existing holdings. Its largest new stake was Carnival Corporation Ltd: 1,487,300 shares worth $24.3M.

By sector, the portfolio is most concentrated in Industrials at 31% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Energy.

On the sell side, the largest reduction was PG&E, an estimated $8.04M trimmed.

  • Forest Avenue Capital Management's largest Q1 2024 buy was Carnival Corporation Ltd: 1,487,300 shares worth $24.3M.
  • Forest Avenue Capital Management added most to Core & Main in Q1 2024, an estimated $13.7M increase.
  • Forest Avenue Capital Management's biggest Q1 2024 reduction was PG&E, cutting an estimated $8.04M.
  • Forest Avenue Capital Management fully exited FedEx in Q1 2024, selling an estimated $23.4M.
  • Forest Avenue Capital Management's ten largest holdings make up 70% of its $407M portfolio in Q1 2024.
  • Forest Avenue Capital Management opened 7 new positions and closed 7 in Q1 2024.
  • Forest Avenue Capital Management's portfolio value rose 38% quarter-over-quarter to $407M.

Based on Forest Avenue Capital Management's 13F filing for Q1 2024, filed 13 May 2024.