Forest Avenue Capital Management L.P. 13F annual report
Forest Avenue Capital Management L.P. is an investment fund managing more than $383 billion ran by Sarah Haynes. There are currently 18 companies in Mrs. Haynes’s portfolio. The largest investments include Core Main Inc and Tempur Sealy International Inc, together worth $67.7 billion.
$383 billion Assets Under Management (AUM)
As of 6th May 2024, Forest Avenue Capital Management L.P.’s top holding is 622,900 shares of Core Main Inc currently worth over $35.7 billion and making up 9.3% of the portfolio value.
In addition, the fund holds 563,500 shares of Tempur Sealy International Inc worth $32 billion, whose value grew 45.6% in the past six months.
The third-largest holding is Bath Body Works Inc worth $31.1 billion and the next is Vistra Corp worth $30.6 billion, with 439,000 shares owned.
Currently, Forest Avenue Capital Management L.P.'s portfolio is worth at least $383 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Forest Avenue Capital Management L.P.
The Forest Avenue Capital Management L.P. office and employees reside in Miami, Florida. According to the last 13-F report filed with the SEC, Sarah Haynes serves as the CCO, CFO, and COO at Forest Avenue Capital Management L.P..
Recent trades
In the most recent 13F filing, Forest Avenue Capital Management L.P. revealed that it had opened a new position in
Vistra Corp and bought 439,000 shares worth $30.6 billion.
This means they effectively own approximately 0.1% of the company.
Vistra Corp makes up
100.0%
of the fund's Utilities sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Core Main Inc by buying
299,100 additional shares.
This makes their stake in Core Main Inc total 622,900 shares worth $35.7 billion.
On the other hand, there are companies that Forest Avenue Capital Management L.P. is getting rid of from its portfolio.
Forest Avenue Capital Management L.P. closed its position in Fedex Corp on 13th May 2024.
It sold the previously owned 92,400 shares for $23.4 billion.
Sarah Haynes also disclosed a decreased stake in Bath Body Works Inc by approximately 0.1%.
This leaves the value of the investment at $31.1 billion and 621,007 shares.
One of the average hedge funds
The two most similar investment funds to Forest Avenue Capital Management L.P. are Rice Partnership and Mithaq Capital Spc. They manage $383 billion and $383 billion respectively.
Sarah Haynes investment strategy
Forest Avenue Capital Management L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Industrials — making up 19.4% of
the total portfolio value.
The fund focuses on investments in the United States as
66.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
28% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $175 billion.
The complete list of Forest Avenue Capital Management L.P. trades based on 13F SEC filings
These positions were updated on May 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Core Main Inc |
92.37%
622,900
|
$35,661,025,000 | 9.32% |
| Tempur Sealy International Inc |
40.42%
563,500
|
$32,018,070,000 | 8.37% |
| Bath Body Works Inc |
3.23%
621,007
|
$31,062,770,000 | 8.12% |
| Vistra Corp |
Opened
439,000
|
$30,576,350,000 | 7.99% |
| Frontline Plc |
19.92%
1,268,391
|
$29,654,982,000 | 7.75% |
| Regal Rexnord Corporation |
17.76%
160,498
|
$28,905,690,000 | 7.56% |
| XPO Inc |
No change
221,600
|
$27,041,848,000 | 7.07% |
| Fedex Corp |
Closed
92,400
|
$23,374,428,000 | |
| Walmart Inc |
Opened
379,900
|
$22,858,583,000 | 5.97% |
| Ulta Beauty Inc |
Opened
42,900
|
$22,431,552,000 | 5.86% |
| Arch Resources Inc |
1.77%
115,295
|
$18,538,283,000 | 4.85% |
| First Solar Inc |
Closed
104,450
|
$17,994,646,000 | |
| Matson Inc |
141.76%
154,724
|
$17,390,978,000 | 4.55% |
| Cheniere Energy Inc. |
29.26%
107,782
|
$17,383,081,000 | 4.54% |
| Pge Corp |
32.24%
1,007,700
|
$16,889,052,000 | 4.41% |
| Ge Vernova Llc |
Opened
118,700
|
$16,232,225,000 | 4.24% |
| Quanta Svcs Inc |
Closed
63,600
|
$13,724,880,000 | |
| Meta Platforms Inc |
37.14%
23,700
|
$11,508,246,000 | 3.01% |
| Alphabet Inc |
Opened
73,100
|
$11,130,206,000 | 2.91% |
| Goodyear Tire Rubr Co |
Closed
739,642
|
$10,591,673,000 | |
| Caesars Entertainment Inc Ne |
Closed
188,600
|
$8,841,568,000 | |
| Warrior Met Coal Inc |
No change
110,300
|
$6,695,210,000 | 1.75% |
| Chemours Company |
Opened
251,068
|
$6,593,046,000 | 1.72% |
| Cleveland-Cliffs Inc |
Closed
303,900
|
$6,205,638,000 | |
| Valvoline Inc |
Closed
140,033
|
$5,262,440,000 | |
| No transactions found | |||
| Showing first 500 out of 25 holdings | |||
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