Forest Avenue Capital Management LP In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Forest Avenue Capital Management LP reported 19 stock positions worth $406.9 million . Its top holding was Core & Main Class A (CNM) at 8.8% of the portfolio, followed by Somnigroup International (SGI, 7.9% ) and Bath & Body Works (BBWI, 7.6% ). Compared with Q4 2023, it opened 7 new positions, sold out of 7, added to 7 and reduced 3. The biggest buy was a new position in Vistra (VST) and the biggest sale an exit from FedEx (FDX).
Location MIAMI, FL
CIK 0001944889
Portfolio Value $406.9M (Q1 2024) Holdings 19 stocks · $406.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 CNM Core & Main Inc. Class A 622,900 $35.7M Add +92.4% SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC 563,500 $32.0M Add +40.4% BBWI Bath & Body Works Inc. 621,007 $31.1M Reduce -3.2% VST Vistra Corp. 439,000 $30.6M New FRO Frontline PLC 1,268,391 $29.7M Add +19.9% RRX Regal Rexnord Corp. 160,498 $28.9M Add +17.8% XPO Xpo Inc. 221,600 $27.0M No change CCL Carnival Corp. 1,487,300 $24.3M New WMT Walmart Inc. 379,900 $22.9M New ULTA Ulta Beauty Inc. 42,900 $22.4M New ARCH Arch Resources Inc. 115,295 $18.5M Add +1.8% MATX Matson Inc. 154,724 $17.4M Add +141.8% LNG Cheniere Energy Inc. 107,782 $17.4M Add +29.3% PCG P G & E Corp. 1,007,700 $16.9M Reduce -32.2% GEV GE Vernova Inc. 118,700 $16.2M New META Meta Platforms Inc. Class A 23,700 $11.5M Reduce -37.1% GOOG Alphabet Inc. Class C 73,100 $11.1M New HCC Warrior Met Coal Inc. 110,300 $6.7M No change CC The Chemours Co. 251,068 $6.6M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $363K (not counted above) Security Class Shares / Principal Value Change NPWR.WS Rice Acquisition Corp. II-CW *W EXP 06/08/202 125,000 $363K No change
Total filed on the 13F, all lines: $407.2M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ FDX FedEx Corp. Sold out 0.00% −7.92 FSLR First Solar Inc. Sold out 0.00% −6.10 PCG P G & E Corp. Reduce -32.2% 4.15% −4.94 PWR Quanta Services Inc. Sold out 0.00% −4.65 GT Goodyear Tire & Rubber Co. Sold out 0.00% −3.59 CZR Caesars Entertainment Inc. Sold out 0.00% −3.00 CLF Cleveland-Cliffs Inc. Sold out 0.00% −2.10 VVV Valvoline Inc. Sold out 0.00% −1.78 BBWI Bath & Body Works Inc. Reduce -3.2% 7.63% −1.76 META Meta Platforms Inc. Class A Reduce -37.1% 2.83% −1.70
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ VST Vistra Corp. New 7.51% +7.51 CCL Carnival Corp. New 5.97% +5.97 WMT Walmart Inc. New 5.62% +5.62 ULTA Ulta Beauty Inc. New 5.51% +5.51 CNM Core & Main Inc. Class A Add +92.4% 8.76% +4.33 GEV GE Vernova Inc. New 3.99% +3.99 GOOG Alphabet Inc. Class C New 2.74% +2.74 MATX Matson Inc. Add +141.8% 4.27% +1.90 CC The Chemours Co. New 1.62% +1.62 SGI Somnigroup International Inc. Add +40.4% 7.87% +0.93 RRX Regal Rexnord Corp. Add +17.8% 7.10% +0.26 FRO Frontline PLC Add +19.9% 7.29% +0.10 LNG Cheniere Energy Inc. Add +29.3% 4.27% −0.55 ARCH Arch Resources Inc. Add +1.8% 4.56% −1.82
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 24 $2.4B VST, VIK, MAIR, DPC, WWD Q1 2026 25 $1.6B VST, VIK, CRS, QXO, CNM Q4 2025 22 $1.5B VIK, CRS, VST, MTZ, WWD Q3 2025 21 $1.3B VIK, CRS, VST, MTZ, QXO Q2 2025 17 $1.3B VIK, VST, CRS, XPO, CNM Q1 2025 15 $732.2M CRS, CEG, VST, CNM, RCL Q4 2024 21 $1.1B AMZN, CEG, VIK, BBWI, XPO Q3 2024 21 $823.7M CEG, VST, VIK, CNM, BBWI Q2 2024 22 $722.4M VIK, BBWI, CNM, VST, WMT Q1 2024 19 $406.9M CNM, SGI, BBWI, VST, FRO