SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Forest Avenue Capital Management LP

CIK 0001944889 · 2850 TIGERTAIL AVENUE, SUITE 200, MIAMI, FL, 33133 · 305-847-9750

Reported Value
$295M
Q4 2023
Positions
20
Filings on Record
15
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Forest Avenue Capital Management LP reported $295M in U.S.-listed holdings across 20 positions for Q4 2023.

Its largest position, BBWI, represents 9.4% of the portfolio.

Compared with Q3 2023, the fund opened 6 new positions and exited 12.

Portfolio Metrics

Turnover
+35.8%
vs prior filed quarter
Top-10 Concentration
+71.2%
share of reported value
Largest Position
+9.4%
Bath Body Works
New / Exited
6 / 12
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’22: $94MQ4 ’22Q1 ’23: $139MQ2 ’23: $218MQ2 ’23Q3 ’23: $222MQ4 ’23: $295MQ4 ’23Q1 ’24: $407MQ2 ’24: $722MQ2 ’24Q3 ’24: $824MQ4 ’24: $1.1BQ4 ’24Q1 ’25: $732MQ2 ’25: $1.3BQ2 ’25Q3 ’25: $1.4BQ4 ’25: $1.5BQ4 ’25Q1 ’26: $1.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 92.7%Other: 7.2%Equity WRT: 0.1%
  • Common Stock · 92.7% · $274M
  • Other · 7.2% · $21M
  • Equity WRT · 0.1% · $275,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TPDTEMPUR SEALY INTL INCNEW+401.3K401.3K+$20M$20M
PWRQUANTA SVCS INCNEW+63.6K63.6K+$14M$14M
CNMCORE & MAIN INCNEW+323.8K323.8K+$13M$13M
CZRCAESARS ENTERTAINMENT INC NENEW+188.6K188.6K+$9M$9M
HCCWARRIOR MET COAL INCNEW+110.3K110.3K+$7M$7M
CLFCLEVELAND-CLIFFS INC NEWNEW+303.9K303.9K+$6M$6M
PCGPG&E CORPADDED+1.22M1.49M+$23M$27M
FDXFEDEX CORPADDED+60.7K92.4K+$15M$23M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BBWIBATH & BODY WORKS INChistory →COM9.38%$28M641.7K
2PCGPG&E CORPhistory →COM9.08%$27M1.49M
3FDXFEDEX CORPhistory →COM7.92%$23M92.4K
4FRONTLINE PLCCOM7.18%$21M1.06M
5TPDTEMPUR SEALY INTL INChistory →COM6.93%$20M401.3K
6RRXREGAL REXNORD CORPORATIONhistory →COM6.83%$20M136.3K
7XPOXPO INChistory →COM6.57%$19M221.6K
8ARCH1USDARCH RESOURCES INChistory →CL A6.37%$19M113.3K
9FSLRFIRST SOLAR INChistory →COM6.10%$18M104.5K
10LNGCHENIERE ENERGY INChistory →COM NEW4.82%$14M83.4K
11PWRQUANTA SVCS INChistory →COM4.65%$14M63.6K
12METAMETA PLATFORMS INChistory →CL A4.52%$13M37.7K
13CNMCORE & MAIN INChistory →CL A4.43%$13M323.8K
14GTGOODYEAR TIRE & RUBR COhistory →COM3.59%$11M739.6K
15CZRCAESARS ENTERTAINMENT INC NEhistory →COM2.99%$9M188.6K
16MATXMATSON INChistory →COM2.38%$7M64.0K
17HCCWARRIOR MET COAL INChistory →COM2.28%$7M110.3K
18CLFCLEVELAND-CLIFFS INC NEWhistory →COM2.10%$6M303.9K
19VVVVALVOLINE INChistory →COM1.78%$5M140.0K
20NET POWER INC*W EXP 06/08/2020.09%$275,000125.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.7B26May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.5B22Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.4B22Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.3B17Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$732M15May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.1B22Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$824M21Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$722M22Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$407M20May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$295M20Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$222M26Nov 14, 2023RESTATEMENTchanges · EDGAR ↗
Q2 2023$218M29Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$139M21May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$94M12Feb 10, 202313F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.