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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
CNM icon
1
Core & Main
CNM
$8.62B
$35.7M 8.76%
622,900
+299,100
+92% +$13.7M
SGI
2
Somnigroup International
SGI
$14.4B
$32M 7.86%
563,500
+162,200
+40% +$8.45M
BBWI icon
3
Bath & Body Works
BBWI
$4.2B
$31.1M 7.63%
621,007
-20,700
-3% -$930K
VST icon
4
Vistra
VST
$49.3B
$30.6M 7.51%
+439,000
New +$21.7M
FRO icon
5
Frontline
FRO
$8.72B
$29.7M 7.28%
1,268,391
+210,700
+20% +$4.76M
RRX icon
6
Regal Rexnord
RRX
$14.4B
$28.9M 7.1%
160,498
+24,200
+18% +$3.77M
XPO icon
7
XPO
XPO
$23.6B
$27M 6.64%
221,600
– –
CCL icon
8
Carnival Corporation Ltd
CCL
$40.3B
$24.3M 5.97%
+1,487,300
New +$24.2M
WMT icon
9
Walmart Inc
WMT
$875B
$22.9M 5.61%
+379,900
New +$21.7M
ULTA icon
10
Ulta Beauty
ULTA
$23.3B
$22.4M 5.51%
+42,900
New +$22.2M
ARCH
11
DELISTED
Arch Resources, Inc.
ARCH
$18.5M 4.55%
115,295
+2,000
+2% +$342K
MATX icon
12
Matsons
MATX
$6.43B
$17.4M 4.27%
154,724
+90,724
+142% +$10.2M
LNG icon
13
Cheniere Energy
LNG
$53.7B
$17.4M 4.27%
107,782
+24,400
+29% +$3.92M
PCG icon
14
PG&E
PCG
$38.2B
$16.9M 4.15%
1,007,700
-479,500
-32% -$8.04M
GEV icon
15
GE Vernova
GEV
$269B
$16.2M 3.99%
+118,700
New +$15.9M
META icon
16
Meta Platforms (Facebook)
META
$1.48T
$11.5M 2.83%
23,700
-14,000
-37% -$6.25M
GOOG icon
17
Alphabet (Google) Class C
GOOG
$4.56T
$11.1M 2.73%
+73,100
New +$10.6M
HCC icon
18
Warrior Met Coal
HCC
$4.34B
$6.7M 1.64%
110,300
– –
CC icon
19
Chemours
CC
$2.62B
$6.59M 1.62%
+251,068
New +$7.15M
NPWR.WS icon
20
NET Power Inc Warrants
NPWR.WS
$14.6M
$363K 0.09%
125,000
– –
CLF icon
21
Cleveland-Cliffs
CLF
$6.69B
– –
-303,900
Closed -$6.21M
CZR icon
22
Caesars Entertainment
CZR
$6.09B
– –
-188,600
Closed -$8.84M
FDX icon
23
FedEx
FDX
$73.9B
– –
-92,400
Closed -$23.4M
FSLR icon
24
First Solar
FSLR
$25.3B
– –
-104,450
Closed -$18M
GT icon
25
Goodyear
GT
$2.02B
– –
-739,642
Closed -$10.6M
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.