Forest Avenue Capital Management LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Forest Avenue Capital Management LP reported 17 stock positions worth $1.3 billion. Its top holding was Viking (VIK) at 15.8% of the portfolio, followed by Vistra (VST, 11.1%) and Carpenter Technology (CRS, 10.3%). Compared with Q1 2025, it opened 4 new positions, sold out of 2, added to 7 and reduced 5. The biggest buy was Viking (VIK, shares +164%) and the biggest sale Constellation Energy (CEG, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001944889
- Portfolio Value
- $1.3B (Q2 2025)
- SEC Filing
- 0001944889-25-000005 ↗ filed Aug 14, 2025
Holdings Value
Holdings 17 stocks · $1.3B
| VIK Viking Holdings Ltd. | 15.80% | 3,801,316 | $202.6M | Add +164.4% |
| VST Vistra Corp. | 11.12% | 735,556 | $142.6M | Add +24.1% |
| CRS Carpenter Technology | 10.32% | 478,824 | $132.3M | Reduce -12.6% |
| XPO Xpo Inc. | 7.23% | 734,221 | $92.7M | Add +55.9% |
| CNM Core & Main Inc. Class A | 7.08% | 1,503,002 | $90.7M | Add +9.5% |
| RCL Royal Caribbean Cruises Ltd. | 6.81% | 278,832 | $87.3M | Reduce -1.5% |
| QXO Qxo Inc. | 6.32% | 3,759,161 | $81.0M | New |
| CEG Constellation Energy | 6.31% | 250,745 | $80.9M | Reduce -37.6% |
| SGI Somnigroup International Inc. | 6.22% | 1,171,018 | $79.7M | Add +53.8% |
| BBWI Bath & Body Works Inc. | 4.24% | 1,815,672 | $54.4M | Add +9.3% |
| MATX Matson Inc. | 3.59% | 413,423 | $46.0M | Add +50.7% |
| KVUE Kenvue Inc. | 3.43% | 2,099,500 | $43.9M | New |
| ATI Ati Inc. | 3.32% | 492,976 | $42.6M | Reduce -42.8% |
| CRWV Coreweave Inc. Class A | 2.57% | 202,140 | $33.0M | No change |
| JCI Johnson Controls Internation | 2.43% | 294,600 | $31.1M | New |
| WWD Woodward Inc. | 1.92% | 100,400 | $24.6M | New |
| HCC Warrior Met Coal Inc. | 1.27% | 356,573 | $16.3M | Reduce -45.3% |
Portfolio Sells Q1 2025 → Q2 2025
| CEG Constellation Energy | Reduce -37.6% | 6.31% | −4.75 |
| CRS Carpenter Technology | Reduce -12.6% | 10.32% | −3.24 |
| HCC Warrior Met Coal Inc. | Reduce -45.3% | 1.27% | −2.97 |
| ATI Ati Inc. | Reduce -42.8% | 3.32% | −2.81 |
| X United States Steel Corp. | Sold out | 0.00% | −2.72 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −2.12 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -1.5% | 6.81% | −1.13 |
Portfolio Buys Q1 2025 → Q2 2025
| VIK Viking Holdings Ltd. | Add +164.4% | 15.80% | +8.00 |
| QXO Qxo Inc. | New | 6.32% | +6.32 |
| KVUE Kenvue Inc. | New | 3.43% | +3.43 |
| JCI Johnson Controls Internation | New | 2.43% | +2.43 |
| WWD Woodward Inc. | New | 1.92% | +1.92 |
| VST Vistra Corp. | Add +24.1% | 11.12% | +1.61 |
| XPO Xpo Inc. | Add +55.9% | 7.23% | +0.32 |
| SGI Somnigroup International Inc. | Add +53.8% | 6.22% | −0.01 |
| MATX Matson Inc. | Add +50.7% | 3.59% | −1.21 |
| CNM Core & Main Inc. Class A | Add +9.5% | 7.08% | −1.98 |
| BBWI Bath & Body Works Inc. | Add +9.3% | 4.24% | −2.63 |
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 |