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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
+3.31%
1 Year Est. Return
+104.84%
3 Year Est. Return
+330.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$722M
AUM Growth
+$315M
Cap. Flow
+$319M
Cap. Flow %
44.21%
Top 10 Hldgs %
60.4%
Holding
27
New
7
Increased
14
Reduced
1
Closed
5

Top Buys

Rank Stock Value
1
VIK icon
Viking Holdings
VIK
+$51.6M
2
UBER icon
Uber
UBER
+$42.9M
3
TECK icon
Teck Resources
TECK
+$34.2M
4
RCL icon
Royal Caribbean
RCL
+$31.6M
5
FSLR icon
First Solar
FSLR
+$29.9M

Top Sells

Rank Stock Value
1
ULTA icon
Ulta Beauty
ULTA
+$22.4M
2
LNG icon
Cheniere Energy
LNG
+$17.4M
3
META icon
Meta Platforms (Facebook)
META
+$11.5M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$11.1M
5
CCL icon
Carnival Corporation Ltd
CCL
+$8.13M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 27.65%
2 Industrials 25.47%
3 Materials 12.24%
4 Technology 10.49%
5 Utilities 10.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NPWR.WS icon
26
NET Power Inc Warrants
NPWR.WS
$16.2M
– –
-125,000
Closed -$363K
ULTA icon
27
Ulta Beauty
ULTA
$24.3B
– –
-42,900
Closed -$22.4M
1
2

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Forest Avenue Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Forest Avenue Capital Management held 27 positions worth $722M, up 77% from $407M the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Forest Avenue Capital Management deployed $319M of net new capital in Q2 2024, opening 7 new positions and adding to 14 existing holdings. Its largest new stake was Viking Holdings: 1,709,126 shares worth $58M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, up from 27% a quarter earlier, followed by Industrials and Materials.

On the sell side, the largest reduction was Carnival Corporation Ltd, an estimated $8.13M trimmed.

  • Forest Avenue Capital Management's largest Q2 2024 buy was Viking Holdings: 1,709,126 shares worth $58M.
  • Forest Avenue Capital Management added most to Bath & Body Works in Q2 2024, an estimated $28.1M increase.
  • Forest Avenue Capital Management's biggest Q2 2024 reduction was Carnival Corporation Ltd, cutting an estimated $8.13M.
  • Forest Avenue Capital Management fully exited Ulta Beauty in Q2 2024, selling an estimated $22.4M.
  • Forest Avenue Capital Management's ten largest holdings make up 60% of its $722M portfolio in Q2 2024.
  • Forest Avenue Capital Management opened 7 new positions and closed 5 in Q2 2024.
  • Forest Avenue Capital Management's portfolio value rose 77% quarter-over-quarter to $722M.

Based on Forest Avenue Capital Management's 13F filing for Q2 2024, filed 13 Aug 2024.