Forest Avenue Capital Management LP

CIK 0001944889 · Q1 2026

13F Equity AUM

$1.7B

+11.0% QoQ

Positions

+4 QoQ

AUM Rank

#1,989

Top 16%

Skill Alpha (FF)

+10.7%/yr^ns

No Clear Edge

Rank #263 · Top 3%

vs S&P -0.2%/yr (unadj.)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 40.7%Top 10: 66.2%Top 20: 92.1%

VST11.6%

VIK8.9%

CRS8.8%

NDQ6.2%

QXO5.3%

CNM5.3%

PARR5.3%

MTZ5.2%

ECG5.0%

WWD4.7%

Others (16)33.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Industrials41.3%

Energy19.4%

Consumer Cyclical17.7%

Utilities13.8%

Financial Services7.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 26Median: 2.78%Avg: 3.85%

0–0.5%

1(0.1%)

0.5–1%

1(0.9%)

1–3%

12(25.2%)

3–5%

3(12.4%)

5%+

9(61.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 25Unique: 1vs 20 funds

0.3%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.6%

MORGAN STANLEY

0.5%

JPMORGAN CHASE & CO

0.5%

BANK OF AMERICA CORP /DE/

0.5%

VANGUARD CAPITAL MANAGEMENT LLC

0.7%

STATE STREET CORP

0.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.9%

GEODE CAPITAL MANAGEMENT, LLC

0.7%

FMR LLC

0.8%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New13Increased6Decreased7Exited9

New Positions

NDQ6.2%

+180K

ECG5.0%

+715K

LNG2.9%

+172K

RRX2.7%

+239K

CEG2.2%

+134K

NCLH2.2%

+2.0M

VG1.9%

+2.0M

AR1.9%

+748K

HII1.9%

+83K

DK1.8%

+654K

Increased

LEG2.2%

+2.5M(+200%)

QXO5.3%

+888K(+24%)

PARR5.3%

+625K(+79%)

BTU3.2%

+472K(+40%)

TPD4.4%

+317K(+46%)

VST11.6%

+176K(+16%)

Decreased

VIK8.9%

-826,032(-29%)

CRS8.8%

-255,049(-40%)

MTZ5.2%

-224,160(-45%)

WWD4.7%

-122,926(-36%)

HCC1.6%

-121,638(-30%)

AGX2.4%

-110,933(-60%)

CNM5.3%

-71,828(-4%)

Exited

-289,860

-467,057

-2,211,826

-115,600

-1,384,217

-66,880

-470,616

-1,531,035

-546,168

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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