DOSSIER · 13F-HR · Q2 2026

Forest Avenue Capital Management LP

$2.4B in tracked AUM across 24 positions as of Q2 2026.

FA
CIK 0001944889 · last filed Jun 30, 2026
Total AUM
$2.4B
as of Q2 2026
Holdings
24
—
positions
Whale Score
70
70
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026
Comprehensive Analysis of Forest Avenue Capital Management LP 13F Filing
1. Portfolio Overview

Forest Avenue Capital Management LP has reported a significant contraction in portfolio size for the quarter ended September 30, 2025. The total portfolio value decreased by 37.7%, dropping from $1.28 billion to $798.41 million. This reduction is not solely attributable to market movements but is driven by a distinct shift in strategy characterized by substantial deleveraging and pos...

The fund has adopted a high-conviction, concentrated approach, holding only 12 securities. The portfolio structure is top-heavy, with the largest position, Viking Holdings Ltd, comprising 27.61% of the total assets. The top three holdings account for 53.59% of the portfolio, indicating a strong preference for idiosyncratic stock selection over broad diversification. The "Unknown" sector allocation ($287.63M), which includes Viking Holdings, represents the largest segment of the portfolio, highlighting a focus on unique or specialized assets that may not fit traditional sector classifications.

2. Key Holdings
Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
VST
VISTRA CORP
$243M1.5M10.2%
02
G93A5A101
VIKING HOLDINGS LTD
$166M1.6M7.0%
03
MAIR
MADISON AIR SOLUTIONS CORP
$158M4.1M6.7%
04
G2R11M108
DPC HOLDINGS PLC
$144M2.9M6.0%
05
WWD
WOODWARD INC
$141M332K5.9%
06
ECG
EVERUS CONSTR GROUP
$137M827K5.8%
07
LGN
LEGENCE CORP
$132M1.5M5.5%
08
G66721104
NORWEGIAN CRUISE LINE HLDGS
$130M6.2M5.5%
09
TSM
TAIWAN SEMICONDUCTOR MANUFAC
$123M258K5.2%
10
MTZ
MASTEC INC
$103M249K4.3%

Filing history

2026Q2Jun 30
$2.4B▲ 41.3%
24 positionsView →
2026Q1Mar 31
$1.7B▲ 11.0%
26 positionsView →
2025Q4Dec 31
$1.5B▲ 90.2%
22 positionsView →
2025Q3Sep 30
$798M▼ 37.7%
12 positionsLocked
2025Q2Jun 30
$1.3B▲ 75.1%
17 positionsLocked
2025Q1Mar 31
$732M▼ 33.0%
15 positionsLocked
2024Q4Dec 31
$1.1B▲ 32.7%
22 positionsLocked
2024Q3Sep 30
$824M▲ 14.0%
21 positionsLocked
2024Q2Jun 30
$722M▲ 77.4%
22 positionsLocked
2024Q1Mar 31
$407M▲ 37.9%
20 positionsLocked
2023Q4Dec 31
$295M▲ 33.1%
20 positionsLocked
2023Q3Sep 30
$222M▲ 1.6%
26 positionsLocked
Showing 12 of 15