Forest Avenue Capital Management LP 13F: Quarter-over-Quarter Portfolio Changes
Forest Avenue Capital Management LP reported a disclosed portfolio value of approximately $1.6 billion in its latest SEC Form 13F-HR filing for Q1 2026, up 4.2% quarter on quarter. Over the quarter, the fund initiated 12 new positions, bought more shares in 6 holdings, trimmed 7 holdings, and exited 9 positions.
Forest Avenue Capital Management LP's top buy was a new stake in Everus Constr Group (ECG) , equal to 5.3% of the disclosed portfolio. Its top sell was Royal Caribbean Group (RCL) . The fund exited the position completely after it had accounted for 5.3% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| EVERUS CONSTR GROUP | ECG | 5.3% | History → |
| CHENIERE ENERGY INC | LNG | 3.1% | Holders → |
| REGAL REXNORD CORPORATION | RRX | 2.8% | Holders → |
| CONSTELLATION ENERGY | CEG | 2.4% | Holders → |
| NORWEGIAN CRUISE LINE HLDGS | NCLH | 2.3% | Holders → |
| VENTURE GLOBAL INC | VG | 2.0% | Holders → |
| ANTERO RESOURCES CORP | AR | 2.0% | Holders → |
| HUNTINGTON INGALLS INDS INC | HII | 2.0% | Holders → |
| DELEK US HLDGS INC NEW | DK | 1.9% | Holders → |
| TERAWULF INC | WULF | 1.8% | Holders → |
| CORE NATURAL RESOURCES INC | CNR | 1.0% | Holders → |
| NOVONIX LIMITED | NVX | 0.1% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| LEGGETT & PLATT INC | LEG | +1.4% | +200.1% | Holders → |
| PAR PAC HOLDINGS INC | PARR | +3.8% | +79.0% | History → |
| SOMNIGROUP INTERNATIONAL INC | SGI | +0.6% | +45.5% | History → |
| PEABODY ENGR CORP | BTU | +1.1% | +40.2% | Holders → |
| QXO INC | QXO | +0.9% | +23.8% | History → |
| VISTRA CORP | VST | +0.4% | +15.7% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| ARGAN INC | AGX | -1.3% | 59.8% | Holders → |
| MASTEC INC | MTZ | -1.6% | 45.4% | History → |
| CARPENTER TECHNOLOGY CORP | CRS | -3.7% | 40.5% | History → |
| WOODWARD INC | WWD | -1.8% | 35.6% | History → |
| WARRIOR MET COAL INC | HCC | -0.7% | 29.9% | Holders → |
| VIKING HOLDINGS LTD | VIK | -4.0% | 28.8% | History → |
| CORE & MAIN INC | CNM | -0.8% | 3.8% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| ROYAL CARIBBEAN GROUP | RCL | 5.3% |
| XPO INC | XPO | 4.2% |
| BATH & BODY WORKS INC | BBWI | 2.9% |
| FIRST SOLAR INC | FSLR | 2.0% |
| LIBERTY ENERGY INC | LBRT | 1.7% |
| TALEN ENERGY CORP | TLN | 1.7% |
| KNIGHT-SWIFT TRANSN HLDGS IN | KNX | 1.6% |
| PROPETRO HLDG CORP | PUMP | 1.0% |
| FRONTLINE PLC | FRO | 0.8% |
Net Portfolio Value ChangeQ1 2026
- $1.5BPrior quarter
- $1.6BCurrent quarter
- +$0.1BNet delta
- +4.2%% change
Methodology & FAQ
How Forest Avenue Capital Management LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Forest Avenue Capital Management LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Forest Avenue Capital Management LP buy in Q1 2026?
In Q1 2026, Forest Avenue Capital Management LP initiated 12 new positions (EVERUS CONSTR GROUP (ECG), CHENIERE ENERGY INC (LNG), REGAL REXNORD CORPORATION (RRX), CONSTELLATION ENERGY (CEG), NORWEGIAN CRUISE LINE HLDGS (NCLH), VENTURE GLOBAL INC (VG), ANTERO RESOURCES CORP (AR), HUNTINGTON INGALLS INDS INC (HII), DELEK US HLDGS INC NEW (DK), TERAWULF INC (WULF), CORE NATURAL RESOURCES INC (CNR), NOVONIX LIMITED (NVX)); bought more shares of LEGGETT & PLATT INC (LEG), PAR PAC HOLDINGS INC (PARR), SOMNIGROUP INTERNATIONAL INC (SGI), PEABODY ENGR CORP (BTU), QXO INC (QXO) — the largest 5 of 6 adds.
What stocks did Forest Avenue Capital Management LP sell in Q1 2026?
In Q1 2026, Forest Avenue Capital Management LP fully sold 9 positions (ROYAL CARIBBEAN GROUP (RCL), XPO INC (XPO), BATH & BODY WORKS INC (BBWI), FIRST SOLAR INC (FSLR), LIBERTY ENERGY INC (LBRT), TALEN ENERGY CORP (TLN), KNIGHT-SWIFT TRANSN HLDGS IN (KNX), PROPETRO HLDG CORP (PUMP), FRONTLINE PLC (FRO)); reduced holdings in ARGAN INC (AGX), MASTEC INC (MTZ), CARPENTER TECHNOLOGY CORP (CRS), WOODWARD INC (WWD), WARRIOR MET COAL INC (HCC) — the largest 5 of 7 reductions.
Which positions did Forest Avenue Capital Management LP initiate in Q1 2026?
Forest Avenue Capital Management LP established 12 new positions in Q1 2026: EVERUS CONSTR GROUP (ECG, 5.3%), CHENIERE ENERGY INC (LNG, 3.1%), REGAL REXNORD CORPORATION (RRX, 2.8%), CONSTELLATION ENERGY (CEG, 2.4%), NORWEGIAN CRUISE LINE HLDGS (NCLH, 2.3%), VENTURE GLOBAL INC (VG, 2.0%), ANTERO RESOURCES CORP (AR, 2.0%), HUNTINGTON INGALLS INDS INC (HII, 2.0%), DELEK US HLDGS INC NEW (DK, 1.9%), TERAWULF INC (WULF, 1.8%), CORE NATURAL RESOURCES INC (CNR, 1.0%), NOVONIX LIMITED (NVX, 0.1%).
Which existing positions saw the largest allocation increases for Forest Avenue Capital Management LP in Q1 2026?
Of 6 existing positions with share-count increases in Q1 2026, the largest were: LEGGETT & PLATT INC (LEG, +1.4% weight, +200.1% shares), PAR PAC HOLDINGS INC (PARR, +3.8% weight, +79.0% shares), SOMNIGROUP INTERNATIONAL INC (SGI, +0.6% weight, +45.5% shares), PEABODY ENGR CORP (BTU, +1.1% weight, +40.2% shares), QXO INC (QXO, +0.9% weight, +23.8% shares), VISTRA CORP (VST, +0.4% weight, +15.7% shares).
Which positions did Forest Avenue Capital Management LP fully exit in Q1 2026?
Forest Avenue Capital Management LP fully exited 9 positions in Q1 2026: ROYAL CARIBBEAN GROUP (RCL, last-reported weight 5.3%), XPO INC (XPO, last-reported weight 4.2%), BATH & BODY WORKS INC (BBWI, last-reported weight 2.9%), FIRST SOLAR INC (FSLR, last-reported weight 2.0%), LIBERTY ENERGY INC (LBRT, last-reported weight 1.7%), TALEN ENERGY CORP (TLN, last-reported weight 1.7%), KNIGHT-SWIFT TRANSN HLDGS IN (KNX, last-reported weight 1.6%), PROPETRO HLDG CORP (PUMP, last-reported weight 1.0%), FRONTLINE PLC (FRO, last-reported weight 0.8%).
Which existing positions saw the largest allocation reductions for Forest Avenue Capital Management LP in Q1 2026?
Of 7 existing positions with share-count reductions in Q1 2026, the largest were: ARGAN INC (AGX, -1.3% weight, -59.8% shares), MASTEC INC (MTZ, -1.6% weight, -45.4% shares), CARPENTER TECHNOLOGY CORP (CRS, -3.7% weight, -40.5% shares), WOODWARD INC (WWD, -1.8% weight, -35.6% shares), WARRIOR MET COAL INC (HCC, -0.7% weight, -29.9% shares), VIKING HOLDINGS LTD (VIK, -4.0% weight, -28.8% shares), CORE & MAIN INC (CNM, -0.8% weight, -3.8% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.