Forest Avenue Capital Management LP 13F: Quarter-over-Quarter Portfolio Changes
Forest Avenue Capital Management LP reported a disclosed portfolio value of approximately $2.4 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 50.5% quarter on quarter. Over the quarter, the fund initiated 7 new positions, bought more shares in 8 holdings, trimmed 9 holdings, and exited 8 positions.
Forest Avenue Capital Management LP's top buy was a new stake in Madison Air Solutions CORP (MAIR) , equal to 6.7% of the disclosed portfolio. Its top sell was Carpenter Technology CORP (CRS) . The fund sold 56.2% of its previously reported shares, reducing the position's portfolio weight by 5.1 percentage points.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| MADISON AIR SOLUTIONS CORP | MAIR | 6.7% | History → |
| DPC HOLDINGS PLC | DPC | 6.0% | History → |
| LEGENCE CORP | LGN | 5.5% | History → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | 5.2% | History → |
| ASTERA LABS INC | ALAB | 3.0% | Holders → |
| NVIDIA CORPORATION | NVDA | 2.5% | Holders → |
| BRUKER CORP | BRKR | 1.1% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| NORWEGIAN CRUISE LINE HLDGS | NCLH | +3.1% | +211.8% | History → |
| DELEK US HLDGS INC NEW | DK | +0.7% | +81.7% | Holders → |
| REGAL REXNORD CORPORATION | RRX | +1.4% | +78.9% | Holders → |
| TERAWULF INC | WULF | +1.8% | +73.7% | Holders → |
| WOODWARD | WWD | +0.9% | +49.5% | History → |
| SOMNIGROUP INTERNATIONAL INC | SGI | +-0.5% | +28.1% | Holders → |
| VISTRA CORP | VST | +-2.1% | +18.3% | History → |
| EVERUS CONSTR GROUP | ECG | +0.4% | +15.5% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| CARPENTER TECHNOLOGY CORP | CRS | -5.1% | 56.2% | Holders → |
| PAR PAC HOLDINGS INC | PARR | -3.5% | 37.4% | Holders → |
| VIKING HOLDINGS LTD | VIK | -2.5% | 22.3% | History → |
| MASTEC INC | MTZ | -1.1% | 7.9% | History → |
| CORE & MAIN INC | CNM | -2.0% | 0.8% | Holders → |
| PEABODY ENGR CORP | BTU | -1.8% | 0.8% | Holders → |
| QXO INC | QXO | -2.3% | 0.8% | Holders → |
| NOVONIX LIMITED | NVX | -0.0% | 0.8% | Holders → |
| LEGGETT & PLATT INC | LEG | -0.5% | 0.8% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| CHENIERE ENERGY INC | LNG | 3.1% |
| ARGAN INC | AGX | 2.6% |
| CONSTELLATION ENERGY | CEG | 2.4% |
| VENTURE GLOBAL INC | VG | 2.0% |
| ANTERO RESOURCES CORP | AR | 2.0% |
| HUNTINGTON INGALLS INDS INC | HII | 2.0% |
| WARRIOR MET COAL INC | HCC | 1.7% |
| CORE NATURAL RESOURCES INC | CNR | 1.0% |
Net Portfolio Value ChangeQ2 2026
- $1.6BPrior quarter
- $2.4BCurrent quarter
- +$0.8BNet delta
- +50.5%% 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 Q2 2026?
In Q2 2026, Forest Avenue Capital Management LP initiated 7 new positions (MADISON AIR SOLUTIONS CORP (MAIR), DPC HOLDINGS PLC (DPC), LEGENCE CORP (LGN), TAIWAN SEMICONDUCTOR MANUFAC (TSM), ASTERA LABS INC (ALAB), NVIDIA CORPORATION (NVDA), BRUKER CORP (BRKR)); bought more shares of NORWEGIAN CRUISE LINE HLDGS (NCLH), DELEK US HLDGS INC NEW (DK), REGAL REXNORD CORPORATION (RRX), TERAWULF INC (WULF), WOODWARD (WWD) (the largest 5 of 8 adds).
What stocks did Forest Avenue Capital Management LP sell in Q2 2026?
In Q2 2026, Forest Avenue Capital Management LP fully sold 8 positions (CHENIERE ENERGY INC (LNG), ARGAN INC (AGX), CONSTELLATION ENERGY (CEG), VENTURE GLOBAL INC (VG), ANTERO RESOURCES CORP (AR), HUNTINGTON INGALLS INDS INC (HII), WARRIOR MET COAL INC (HCC), CORE NATURAL RESOURCES INC (CNR)); reduced holdings in CARPENTER TECHNOLOGY CORP (CRS), PAR PAC HOLDINGS INC (PARR), VIKING HOLDINGS LTD (VIK), MASTEC INC (MTZ), CORE & MAIN INC (CNM) (the largest 5 of 9 reductions).
Which positions did Forest Avenue Capital Management LP initiate in Q2 2026?
Forest Avenue Capital Management LP established 7 new positions in Q2 2026: MADISON AIR SOLUTIONS CORP (MAIR, 6.7%), DPC HOLDINGS PLC (DPC, 6.0%), LEGENCE CORP (LGN, 5.5%), TAIWAN SEMICONDUCTOR MANUFAC (TSM, 5.2%), ASTERA LABS INC (ALAB, 3.0%), NVIDIA CORPORATION (NVDA, 2.5%), BRUKER CORP (BRKR, 1.1%).
Which existing positions saw the largest allocation increases for Forest Avenue Capital Management LP in Q2 2026?
Of 8 existing positions with share-count increases in Q2 2026, the largest were: NORWEGIAN CRUISE LINE HLDGS (NCLH, +3.1% weight, +211.8% shares), DELEK US HLDGS INC NEW (DK, +0.7% weight, +81.7% shares), REGAL REXNORD CORPORATION (RRX, +1.4% weight, +78.9% shares), TERAWULF INC (WULF, +1.8% weight, +73.7% shares), WOODWARD (WWD, +0.9% weight, +49.5% shares), SOMNIGROUP INTERNATIONAL INC (SGI, +-0.5% weight, +28.1% shares), VISTRA CORP (VST, +-2.1% weight, +18.3% shares), EVERUS CONSTR GROUP (ECG, +0.4% weight, +15.5% shares).
Which positions did Forest Avenue Capital Management LP fully exit in Q2 2026?
Forest Avenue Capital Management LP fully exited 8 positions in Q2 2026: CHENIERE ENERGY INC (LNG, last-reported weight 3.1%), ARGAN INC (AGX, last-reported weight 2.6%), CONSTELLATION ENERGY (CEG, last-reported weight 2.4%), VENTURE GLOBAL INC (VG, last-reported weight 2.0%), ANTERO RESOURCES CORP (AR, last-reported weight 2.0%), HUNTINGTON INGALLS INDS INC (HII, last-reported weight 2.0%), WARRIOR MET COAL INC (HCC, last-reported weight 1.7%), CORE NATURAL RESOURCES INC (CNR, last-reported weight 1.0%).
Which existing positions saw the largest allocation reductions for Forest Avenue Capital Management LP in Q2 2026?
Of 9 existing positions with share-count reductions in Q2 2026, the largest were: CARPENTER TECHNOLOGY CORP (CRS, -5.1% weight, -56.2% shares), PAR PAC HOLDINGS INC (PARR, -3.5% weight, -37.4% shares), VIKING HOLDINGS LTD (VIK, -2.5% weight, -22.3% shares), MASTEC INC (MTZ, -1.1% weight, -7.9% shares), CORE & MAIN INC (CNM, -2.0% weight, -0.8% shares), PEABODY ENGR CORP (BTU, -1.8% weight, -0.8% shares), QXO INC (QXO, -2.3% weight, -0.8% shares), NOVONIX LIMITED (NVX, -0.0% weight, -0.8% shares), LEGGETT & PLATT INC (LEG, -0.5% weight, -0.8% 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.