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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
VIK icon
1
Viking Holdings
VIK
$48.2B
$58M 8.03%
+1,709,126
New +$51.6M
BBWI icon
2
Bath & Body Works
BBWI
$4.2B
$48.1M 6.66%
1,232,590
+611,583
+98% +$28.1M
CNM icon
3
Core & Main
CNM
$8.62B
$46.4M 6.42%
948,169
+325,269
+52% +$18.1M
VST icon
4
Vistra
VST
$49.3B
$46M 6.37%
535,074
+96,074
+22% +$8.04M
WMT icon
5
Walmart Inc
WMT
$875B
$44.9M 6.22%
663,427
+283,527
+75% +$17.9M
UBER icon
6
Uber
UBER
$146B
$44.8M 6.21%
+616,778
New +$42.9M
SGI
7
Somnigroup International
SGI
$14.4B
$40.6M 5.62%
857,722
+294,222
+52% +$14.9M
FRO icon
8
Frontline
FRO
$8.72B
$36.8M 5.1%
1,429,909
+161,518
+13% +$4.11M
RRX icon
9
Regal Rexnord
RRX
$14.5B
$35.6M 4.92%
262,910
+102,412
+64% +$15.9M
RCL icon
10
Royal Caribbean
RCL
$87B
$35M 4.85%
+219,771
New +$31.6M
TECK icon
11
Teck Resources
TECK
$31.4B
$33.3M 4.61%
+695,490
New +$34.2M
FSLR icon
12
First Solar
FSLR
$25.3B
$31M 4.29%
+137,329
New +$29.9M
XPO icon
13
XPO
XPO
$23.6B
$30.8M 4.27%
290,469
+68,869
+31% +$7.72M
MATX icon
14
Matsons
MATX
$6.42B
$30.4M 4.21%
232,455
+77,731
+50% +$9.04M
PCG icon
15
PG&E
PCG
$38.2B
$27.6M 3.81%
1,577,950
+570,250
+57% +$10M
GEV icon
16
GE Vernova
GEV
$270B
$24.5M 3.4%
143,100
+24,400
+21% +$3.87M
X
17
DELISTED
US Steel
X
$22.8M 3.15%
+602,378
New +$23M
ARCH
18
DELISTED
Arch Resources, Inc.
ARCH
$19.1M 2.64%
125,453
+10,158
+9% +$1.63M
CC icon
19
Chemours
CC
$2.61B
$19.1M 2.64%
845,728
+594,660
+237% +$15.6M
CCL icon
20
Carnival Corporation Ltd
CCL
$40.3B
$18M 2.49%
961,400
-525,900
-35% -$8.13M
SPR
21
DELISTED
Spirit AeroSystems
SPR
$16.2M 2.25%
+493,800
New +$15.8M
HCC icon
22
Warrior Met Coal
HCC
$4.34B
$13.2M 1.83%
211,014
+100,714
+91% +$6.53M
GOOG icon
23
Alphabet (Google) Class C
GOOG
$4.56T
– –
-73,100
Closed -$11.1M
LNG icon
24
Cheniere Energy
LNG
$53.7B
– –
-107,782
Closed -$17.4M
META icon
25
Meta Platforms (Facebook)
META
$1.48T
– –
-23,700
Closed -$11.5M
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.