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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
BBWI icon
1
Bath & Body Works
BBWI
$4.2B
$27.7M 9.38%
641,707
+277,500
+76% +$9.37M
PCG icon
2
PG&E
PCG
$38.2B
$26.8M 9.08%
1,487,200
+1,222,100
+461% +$20.6M
FDX icon
3
FedEx
FDX
$73.9B
$23.4M 7.92%
92,400
+60,700
+191% +$15.4M
FRO icon
4
Frontline
FRO
$8.72B
$21.2M 7.18%
1,057,691
+567,900
+116% +$11.7M
SGI
5
Somnigroup International
SGI
$14.4B
$20.5M 6.93%
+401,300
New +$17M
RRX icon
6
Regal Rexnord
RRX
$14.4B
$20.2M 6.83%
136,298
+79,900
+142% +$10.1M
XPO icon
7
XPO
XPO
$23.6B
$19.4M 6.57%
221,600
+27,400
+14% +$2.23M
ARCH
8
DELISTED
Arch Resources, Inc.
ARCH
$18.8M 6.37%
113,295
+19,568
+21% +$3.08M
FSLR icon
9
First Solar
FSLR
$25.3B
$18M 6.1%
104,450
+14,300
+16% +$2.19M
LNG icon
10
Cheniere Energy
LNG
$53.7B
$14.2M 4.82%
83,382
+15,700
+23% +$2.7M
PWR icon
11
Quanta Services
PWR
$104B
$13.7M 4.65%
+63,600
New +$11.8M
META icon
12
Meta Platforms (Facebook)
META
$1.48T
$13.3M 4.52%
37,700
-126
-0.3% -$41K
CNM icon
13
Core & Main
CNM
$8.62B
$13.1M 4.43%
+323,800
New +$11M
GT icon
14
Goodyear
GT
$2.02B
$10.6M 3.59%
739,642
-24,526
-3% -$326K
CZR icon
15
Caesars Entertainment
CZR
$6.09B
$8.84M 2.99%
+188,600
New +$8.38M
MATX icon
16
Matsons
MATX
$6.43B
$7.01M 2.38%
64,000
+15,000
+31% +$1.42M
HCC icon
17
Warrior Met Coal
HCC
$4.34B
$6.72M 2.28%
+110,300
New +$5.82M
CLF icon
18
Cleveland-Cliffs
CLF
$6.69B
$6.21M 2.1%
+303,900
New +$5.2M
VVV icon
19
Valvoline
VVV
$4.96B
$5.26M 1.78%
140,033
-315,167
-69% -$10.6M
NPWR.WS icon
20
NET Power Inc Warrants
NPWR.WS
$14.6M
$275K 0.09%
125,000
– –
AMZN icon
21
Amazon
AMZN
$2.99T
– –
-48,200
Closed -$6.13M
AR icon
22
Antero Resources
AR
$11B
– –
-98,003
Closed -$2.49M
BABA icon
23
Alibaba
BABA
$309B
– –
-87,500
Closed -$7.59M
BKNG icon
24
Booking.com
BKNG
$150B
– –
-56,875
Closed -$7.02M
BTU icon
25
Peabody Energy
BTU
$2.7B
– –
-201,700
Closed -$5.24M
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.