Forest Avenue Capital Management LP

Portfolio Overview

Forest Avenue Capital Management LP disclosed 24 positions worth $2.4B in its Form 13F-HR for Q2 2026, led by $VST (Vistra Corp.) at 10.2% of the equity portfolio, followed by $VIK and $MAIR. During the quarter the fund opened 7 new positions and exited 9 — including a new stake in $MAIR and a full exit from $QQQ. The portfolio is most concentrated in Industrials (34.6% of disclosed assets). All figures are sourced directly from Forest Avenue Capital Management LP’s Form 13F-HR filing with the SEC under CIK 1944889.

• 

  Vistra Corp.

  $VST

  71.9#166

  Quality

  $243.4M1,534,281 sh
• 

  Viking Holdings Ltd

  $VIK

  —

  Quality

  $165.7M1,582,676 sh
• 

  Madison Air Solutions Corp

  $MAIR

  —

  Quality

  $158.4M4,061,688 sh
• 

  DPC Holdings PLC

  $DPC

  —

  Quality

  $143.7M2,929,831 sh
• 

  Woodward, Inc.

  $WWD

  67.3

  Quality

  $141.3M332,039 sh
• 

  Everus Construction Group, Inc.

  $ECG

  66.3

  Quality

  $137.2M826,510 sh
• 

  Legence Corp.

  $LGN

  64.1

  Quality

  $131.8M1,546,512 sh
• 

  Norwegian Cruise Line Holdings Ltd.

  $NCLH

  —

  Quality

  $129.9M6,153,171 sh
• 

  TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD

  $TSM

  —

  Quality

  $123.2M257,965 sh
• 

  MASTEC INC

  $MTZ

  58.8

  Quality

  $103.4M248,627 sh

Company	Quality	Value	Shares
Vistra Corp.$VST	71.9#166	$243.4M	1,534,281
Viking Holdings Ltd$VIK	—	$165.7M	1,582,676
Madison Air Solutions Corp$MAIR	—	$158.4M	4,061,688
DPC Holdings PLC$DPC	—	$143.7M	2,929,831
Woodward, Inc.$WWD	67.3	$141.3M	332,039
Everus Construction Group, Inc.$ECG	66.3	$137.2M	826,510
Legence Corp.$LGN	64.1	$131.8M	1,546,512
Norwegian Cruise Line Holdings Ltd.$NCLH	—	$129.9M	6,153,171
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$TSM	—	$123.2M	257,965
MASTEC INC$MTZ	58.8	$103.4M	248,627

Showing top 10 of 24 holdings.

Full Holdings — Forest Avenue Capital Management LP (Q2 2026)

All 24 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$VST	Vistra Corp.	$243.4M	10.2%	+18%	71.9
2	$VIK	Viking Holdings Ltd	$165.7M	7.0%	-22%	—
3	$MAIR	Madison Air Solutions Corp	$158.4M	6.7%	NEW	—
4	$DPC	DPC Holdings PLC	$143.7M	6.0%	NEW	—
5	$WWD	Woodward, Inc.	$141.3M	5.9%	+50%	67.3
6	$ECG	Everus Construction Group, Inc.	$137.2M	5.8%	+16%	66.3
7	$LGN	Legence Corp.	$131.8M	5.5%	NEW	64.1
8	$NCLH	Norwegian Cruise Line Holdings Ltd.	$129.9M	5.5%	+212%	—
9	$TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	$123.2M	5.2%	NEW	—
10	$MTZ	MASTEC INC	$103.4M	4.3%	-8%	58.8
11	$RRX	REGAL REXNORD CORP	$101.9M	4.3%	+79%	52
12	$SGI	SOMNIGROUP INTERNATIONAL INC.	$101.6M	4.3%	+28%	71.6
13	$CRS	CARPENTER TECHNOLOGY CORP	$101.3M	4.3%	-56%	64.6
14	$CNM	Core & Main, Inc.	$86.5M	3.6%	-1%	59.9
15	$WULF	TERAWULF INC.	$84.6M	3.5%	+74%	33.8
16	$QXO	QXO, Inc.	$79.2M	3.3%	-1%	49
17	$ALAB	Astera Labs, Inc.	$72.1M	3.0%	NEW	75.1
18	$DK	Delek US Holdings, Inc.	$60.4M	2.5%	+82%	50.8
19	$NVDA	NVIDIA CORP	$58.9M	2.5%	NEW	85.9
20	$PARR	PAR PACIFIC HOLDINGS, INC.	$49.8M	2.1%	-37%	55.7
21	$LEG	LEGGETT & PLATT INC	$43.0M	1.8%	-1%	48.5
22	$BTU	PEABODY ENERGY CORP	$37.8M	1.6%	-1%	36
23	$BRKR	BRUKER CORP	$25.4M	1.1%	NEW	50.8
24	$NVX	NOVONIX Ltd	$547,295	0.0%	-1%	—