Forest Avenue Capital Management LP

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