Forest Avenue Capital Management LP

Name: Forest Avenue Capital Management LP 13F holdings, Q3 2025
Creator: Forest Avenue Capital Management LP
Published: 2025-11-14

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Forest Avenue Capital Management LP reported 21 stock positions worth $1.3 billion. Its top holding was Viking (VIK) at 16.5% of the portfolio, followed by Carpenter Technology (CRS, 11.6%) and Vistra (VST, 10.2%). Compared with Q2 2025, it opened 9 new positions, sold out of 5, added to 4 and reduced 8. The biggest buy was a new position in Mastec (MTZ) and the biggest sale an exit from Royal Caribbean Cruises (RCL).

Most Recent 13F: Q2 2026
Location: MIAMI, FL
CIK: 0001944889
Portfolio Value: $1.3B (Q3 2025)
SEC Filing: 0001944889-25-000009 ↗ filed Nov 14, 2025

Holdings Value

Holdings 21 stocks · $1.3B


VIK Viking Holdings Ltd.	16.55%	3,546,955	$220.5M	Reduce -6.7%
CRS Carpenter Technology	11.62%	630,668	$154.9M	Add +31.7%
VST Vistra Corp.	10.22%	695,291	$136.2M	Reduce -5.5%
MTZ Mastec Inc.	6.74%	421,874	$89.8M	New
QXO Qxo Inc.	5.35%	3,738,587	$71.3M	Reduce -0.6%
CNM Core & Main Inc. Class A	5.04%	1,247,489	$67.2M	Reduce -17.0%
XPO Xpo Inc.	4.78%	492,353	$63.6M	Reduce -32.9%
WWD Woodward Inc.	4.75%	250,692	$63.4M	Add +149.7%
SGI Somnigroup International Inc.	4.41%	696,236	$58.7M	Reduce -40.5%
BABA Alibaba Group Holding-SP ADR	3.73%	277,798	$49.7M	New
BBWI Bath & Body Works Inc.	3.48%	1,800,358	$46.4M	Reduce -0.8%
AGX Argan Inc.	3.01%	148,329	$40.1M	New
KNX Knight-Swift Transportation	2.98%	1,006,037	$39.7M	New
KVUE Kenvue Inc.	2.90%	2,378,300	$38.6M	Add +13.3%
AMZN Amazon.com Inc.	2.86%	173,587	$38.1M	New
HCC Warrior Met Coal Inc.	2.58%	540,240	$34.4M	Add +51.5%
CEG Constellation Energy	2.48%	100,304	$33.0M	Reduce -60.0%
PARR Par Pacific Holdings Inc.	2.44%	917,161	$32.5M	New
PRIM Primoris Services Corp.	2.41%	233,854	$32.1M	New
BTU Peabody Energy Corp.	1.43%	718,300	$19.0M	New
LEG Leggett & Platt Inc.	0.27%	400,000	$3.6M	New

Options reported separately and not counted above: KVUE calls ($24.3M).

Portfolio Sells Q2 2025 → Q3 2025


RCL Royal Caribbean Cruises Ltd.	Sold out	0.00%	−6.81
CEG Constellation Energy	Reduce -60.0%	2.48%	−3.84
MATX Matson Inc.	Sold out	0.00%	−3.59
ATI Ati Inc.	Sold out	0.00%	−3.32
CRWV Coreweave Inc. Class A	Sold out	0.00%	−2.57
XPO Xpo Inc.	Reduce -32.9%	4.78%	−2.46
JCI Johnson Controls Internation	Sold out	0.00%	−2.43
CNM Core & Main Inc. Class A	Reduce -17.0%	5.04%	−2.04
SGI Somnigroup International Inc.	Reduce -40.5%	4.41%	−1.81
QXO Qxo Inc.	Reduce -0.6%	5.35%	−0.97
VST Vistra Corp.	Reduce -5.5%	10.22%	−0.90
BBWI Bath & Body Works Inc.	Reduce -0.8%	3.48%	−0.76
VIK Viking Holdings Ltd.	Reduce -6.7%	16.55%	+0.74

Portfolio Buys Q2 2025 → Q3 2025


MTZ Mastec Inc.	New	6.74%	+6.74
BABA Alibaba Group Holding-SP ADR	New	3.73%	+3.73
AGX Argan Inc.	New	3.01%	+3.01
KNX Knight-Swift Transportation	New	2.98%	+2.98
AMZN Amazon.com Inc.	New	2.86%	+2.86
WWD Woodward Inc.	Add +149.7%	4.75%	+2.83
PARR Par Pacific Holdings Inc.	New	2.44%	+2.44
PRIM Primoris Services Corp.	New	2.41%	+2.41
BTU Peabody Energy Corp.	New	1.43%	+1.43
HCC Warrior Met Coal Inc.	Add +51.5%	2.58%	+1.31
CRS Carpenter Technology	Add +31.7%	11.62%	+1.30
LEG Leggett & Platt Inc.	New	0.27%	+0.27
KVUE Kenvue Inc.	Add +13.3%	2.90%	−0.53

Options Activity Q2 2025 → Q3 2025


KVUE Kenvue Inc.	call	New	1,500,000	$24.3M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

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