Forest Avenue Capital Management LP Quant / Systematic

CIK: 0001944889 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $1,518,243 (100.0% shares, 0.0% debt)

Holdings (22)

New Positions (6)

RCL ROYAL CARIBBEAN GROUP 5.3%

Value ($000) $80,848 Shares 289,860 Est. Cost $281.58 Unrealized 0.0%

FSLR FIRST SOLAR INC 2.0%

Value ($000) $30,198 Shares 115,600 Est. Cost $252.20 Unrealized 0.0%

LBRT LIBERTY ENERGY INC 1.7%

Value ($000) $25,553 Shares 1,384,217 Est. Cost $16.71 Unrealized 0.0%

TLN TALEN ENERGY CORP 1.7%

Value ($000) $25,069 Shares 66,880 Est. Cost $388.68 Unrealized 0.0%

PUMP PROPETRO HLDG CORP 1.0%

Value ($000) $14,560 Shares 1,531,035 Est. Cost $8.69 Unrealized 0.0%

FRO FRONTLINE PLC 0.8%

Value ($000) $11,917 Shares 546,168 Est. Cost $23.37 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RCL	ROYAL CARIBBEAN GROUP	289,860	$80,848	5.3%	$281.58	0.0%	COM	V7780T103
FSLR	FIRST SOLAR INC	115,600	$30,198	2.0%	$252.20	0.0%	COM	336433107
LBRT	LIBERTY ENERGY INC	1,384,217	$25,553	1.7%	$16.71	0.0%	COM CL A	53115L104
TLN	TALEN ENERGY CORP	66,880	$25,069	1.7%	$388.68	0.0%	COM	87422Q109
PUMP	PROPETRO HLDG CORP	1,531,035	$14,560	1.0%	$8.69	0.0%	COM	74347M108
FRO	FRONTLINE PLC	546,168	$11,917	0.8%	$23.37	0.0%	COM	M46528101

Increased Positions (8)

VST VISTRA CORP 11.9%

Value ($000) $180,958 (+32.8%) Shares 1,121,665 (+61.3%) Est. Cost $122.84 Unrealized +48.1%

WWD WOODWARD INC 6.9%

Value ($000) $104,300 (+64.6%) Shares 344,999 (+37.6%) Est. Cost $242.39 Unrealized +13.4%

CNM CORE & MAIN INC 6.4%

Value ($000) $97,698 (+45.5%) Shares 1,879,883 (+50.7%) Est. Cost $48.36 Unrealized +6.1%

AGX ARGAN INC 3.8%

Value ($000) $58,086 (+45.0%) Shares 185,389 (+25.0%) Est. Cost $246.04 Unrealized +28.8%

MTZ MASTEC INC 7.1%

Value ($000) $107,383 (+19.6%) Shares 494,011 (+17.1%) Est. Cost $187.02 Unrealized +12.2%

BTU PEABODY ENERGY CORP 2.3%

Value ($000) $34,876 (+83.1%) Shares 1,174,262 (+63.5%) Est. Cost $22.25 Unrealized +31.9%

LEG LEGGETT & PLATT INC 0.9%

Value ($000) $13,569 (+282.0%) Shares 1,233,534 (+208.4%) Est. Cost $9.74 Unrealized +1.0%

BBWI BATH & BODY WORKS INC 2.9%

Value ($000) $44,413 (-4.2%) Shares 2,211,826 (+22.9%) Est. Cost $32.62 Unrealized -33.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VST	VISTRA CORP	1,121,665 (+61.3%)	$180,958 (+32.8%)	11.9%	$122.84	+48.1%	COM	92840M102
WWD	WOODWARD INC	344,999 (+37.6%)	$104,300 (+64.6%)	6.9%	$242.39	+13.4%	COM	980745103
CNM	CORE & MAIN INC	1,879,883 (+50.7%)	$97,698 (+45.5%)	6.4%	$48.36	+6.1%	CL A	21874C102
AGX	ARGAN INC	185,389 (+25.0%)	$58,086 (+45.0%)	3.8%	$246.04	+28.8%	COM	04010E109
MTZ	MASTEC INC	494,011 (+17.1%)	$107,383 (+19.6%)	7.1%	$187.02	+12.2%	COM	576323109
BTU	PEABODY ENERGY CORP	1,174,262 (+63.5%)	$34,876 (+83.1%)	2.3%	$22.25	+31.9%	COM	704551100
LEG	LEGGETT & PLATT INC	1,233,534 (+208.4%)	$13,569 (+282.0%)	0.9%	$9.74	+1.0%	COM	524660107
BBWI	BATH & BODY WORKS INC	2,211,826 (+22.9%)	$44,413 (-4.2%)	2.9%	$32.62	-33.4%	COM	070830104

Exited Positions (6)

BABA ALIBABA GROUP HLDG LTD 3.3%

Value ($000) $49,651 Shares 277,798 Est. Cost $178.73 Unrealized —

KVUE KENVUE INC 2.5%

Value ($000) $38,600 Shares 2,378,300 Est. Cost $21.91 Unrealized -25.8%

AMZN AMAZON COM INC 2.5%

Value ($000) $38,114 Shares 173,587 Est. Cost $226.35 Unrealized +1.1%

CEG CONSTELLATION ENERGY CORP 2.2%

Value ($000) $33,007 Shares 100,304 Est. Cost $206.99 Unrealized +75.5%

PRIM PRIMORIS SVCS CORP 2.1%

Value ($000) $32,115 Shares 233,854 Est. Cost $107.37 Unrealized +21.6%

KVUE KENVUE INC 1.6%

Value ($000) $24,345 Shares 1,500,000 Est. Cost $21.91 Unrealized -25.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	277,798	$49,651	3.3%	$178.73	—	—	01609W102
KVUE	KENVUE INC	2,378,300	$38,600	2.5%	$21.91	-25.8%	—	49177J102
AMZN	AMAZON COM INC	173,587	$38,114	2.5%	$226.35	+1.1%	—	023135106
CEG	CONSTELLATION ENERGY CORP	100,304	$33,007	2.2%	$206.99	+75.5%	—	21037T109
PRIM	PRIMORIS SVCS CORP	233,854	$32,115	2.1%	$107.37	+21.6%	—	74164F103
KVUE	KENVUE INC	1,500,000	$24,345	1.6%	$21.91	-25.8%	CALL	49177J102

Decreased Positions (5)

VIK VIKING HOLDINGS LTD 13.5%

Value ($000) $204,464 (-7.3%) Shares 2,863,247 (-19.3%) Est. Cost $39.01 Unrealized +63.6%

KNX KNIGHT-SWIFT TRANSN HLDGS IN 1.6%

Value ($000) $24,604 (-38.1%) Shares 470,616 (-53.2%) Est. Cost $43.04 Unrealized +8.6%

PARR PAR PAC HOLDINGS INC 1.8%

Value ($000) $27,825 (-14.3%) Shares 791,832 (-13.7%) Est. Cost $32.53 Unrealized +22.2%

HCC WARRIOR MET COAL INC 2.4%

Value ($000) $35,927 (+4.5%) Shares 407,476 (-24.6%) Est. Cost $58.71 Unrealized +28.1%

XPO XPO INC 4.2%

Value ($000) $63,478 (-0.3%) Shares 467,057 (-5.1%) Est. Cost $106.85 Unrealized +27.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VIK	VIKING HOLDINGS LTD	2,863,247 (-19.3%)	$204,464 (-7.3%)	13.5%	$39.01	+63.6%	ORD SHS	G93A5A101
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	470,616 (-53.2%)	$24,604 (-38.1%)	1.6%	$43.04	+8.6%	CL A	499049104
PARR	PAR PAC HOLDINGS INC	791,832 (-13.7%)	$27,825 (-14.3%)	1.8%	$32.53	+22.2%	COM NEW	69888T207
HCC	WARRIOR MET COAL INC	407,476 (-24.6%)	$35,927 (+4.5%)	2.4%	$58.71	+28.1%	COM	93627C101
XPO	XPO INC	467,057 (-5.1%)	$63,478 (-0.3%)	4.2%	$106.85	+27.5%	COM	983793100

Unchanged Positions (3)

CRS CARPENTER TECHNOLOGY CORP 13.1%

Value ($000) $198,368 Shares 630,061 Est. Cost $190.43 Unrealized +57.8%

SGI SOMNIGROUP INTERNATIONAL INC 4.1%

Value ($000) $62,100 Shares 695,566 Est. Cost $61.36 Unrealized +42.4%

QXO QXO INC 4.7%

Value ($000) $72,048 Shares 3,734,990 Est. Cost $16.42 Unrealized +16.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRS	CARPENTER TECHNOLOGY CORP	630,061	$198,368	13.1%	$190.43	+57.8%	COM	144285103
SGI	SOMNIGROUP INTERNATIONAL INC	695,566	$62,100	4.1%	$61.36	+42.4%	COM	88023U101
QXO	QXO INC	3,734,990	$72,048	4.7%	$16.42	+16.7%	COM NEW	82846H405