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DFCM

Dark Forest Capital Management Portfolio holdings

AUM $1.13B
1-Year Est. Return 18.74%
This Fund
S&P 500
This Quarter Est. Return
-5.08%
1 Year Est. Return
+18.74%
3 Year Est. Return
+51.22%
5 Year Est. Return
+55.27%
10 Year Est. Return
–
AUM
$2.2B
AUM Growth
+$1.52B
Cap. Flow
+$1.68B
Cap. Flow %
76.49%
Top 10 Hldgs %
7.16%
Holding
1,491
New
604
Increased
497
Reduced
92
Closed
295

Top Buys

Rank Stock Value
1
LNG icon
Cheniere Energy
LNG
+$27.3M
2
CRH icon
CRH
CRH
+$12.6M
3
MSFT icon
Microsoft
MSFT
+$12.2M
4
AMCR icon
Amcor
AMCR
+$12.2M
5
LIVN icon
LivaNova
LIVN
+$11.2M

Top Sells

Rank Stock Value
1
TTD icon
Trade Desk
TTD
+$9.58M
2
APP icon
Applovin
APP
+$6.9M
3
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$5M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$4.89M
5
GWRE icon
Guidewire Software
GWRE
+$4.75M

Sector Composition

Rank Sector Weight
1 Financials 16.4%
2 Industrials 14.7%
3 Technology 12.79%
4 Consumer Discretionary 11.74%
5 Healthcare 9.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABCB icon
301
Ameris Bancorp
ABCB
$5.89B
$2.46M 0.11%
42,739
+25,052
+142% +$1.56M
HLIT icon
302
Harmonic Inc
HLIT
$1.28B
$2.46M 0.11%
+256,361
New +$2.82M
PRK icon
303
Park National Corp
PRK
$3.67B
$2.46M 0.11%
16,238
+13,841
+577% +$2.27M
WKC icon
304
World Kinect Corp
WKC
$1.86B
$2.45M 0.11%
+86,431
New +$2.45M
GM icon
305
General Motors
GM
$76.8B
$2.45M 0.11%
+52,077
New +$2.57M
TPC
306
Tutor Perini Cor
TPC
$5.21B
$2.44M 0.11%
+105,390
New +$2.6M
BOX icon
307
Box
BOX
$4.6B
$2.44M 0.11%
79,024
+60,972
+338% +$1.98M
TEL icon
308
TE Connectivity
TEL
$62.6B
$2.43M 0.11%
17,228
+4,333
+34% +$641K
AES icon
309
AES
AES
$10.5B
$2.43M 0.11%
195,907
+175,912
+880% +$2.04M
CURB
310
Curbline Properties
CURB
$3.41B
$2.43M 0.11%
+100,313
New +$2.42M
BCPC
311
Balchem Corp
BCPC
$5.72B
$2.43M 0.11%
14,609
+11,170
+325% +$1.83M
NLY icon
312
Annaly Capital Management
NLY
$17.4B
$2.41M 0.11%
+118,766
New +$2.44M
VRSN icon
313
VeriSign
VRSN
$26.6B
$2.4M 0.11%
9,465
+6,224
+192% +$1.41M
CWH icon
314
Camping World
CWH
$653M
$2.4M 0.11%
148,385
+123,718
+502% +$2.53M
SSTK icon
315
Shutterstock
SSTK
$219M
$2.4M 0.11%
+128,658
New +$3.3M
ED icon
316
Consolidated Edison
ED
$39.9B
$2.38M 0.11%
21,498
+11,468
+114% +$1.12M
BE icon
317
Bloom Energy
BE
$64.6B
$2.37M 0.11%
+120,625
New +$2.88M
EQR icon
318
Equity Residential
EQR
$25.1B
$2.36M 0.11%
+33,017
New +$2.33M
ITRI icon
319
Itron
ITRI
$4.54B
$2.36M 0.11%
+22,551
New +$2.36M
PFG icon
320
Principal Financial Group
PFG
$24.3B
$2.36M 0.11%
+27,956
New +$2.33M
UAL icon
321
United Airlines
UAL
$42.1B
$2.35M 0.11%
33,998
+18,241
+116% +$1.72M
SOFI icon
322
SoFi Technologies
SOFI
$23.7B
$2.34M 0.11%
+201,453
New +$2.9M
AMP icon
323
Ameriprise Financial
AMP
$48.8B
$2.34M 0.11%
+4,833
New +$2.53M
SXC icon
324
SunCoke Energy
SXC
$797M
$2.33M 0.11%
253,555
+194,425
+329% +$1.87M
IMAX icon
325
IMAX
IMAX
$2.66B
$2.32M 0.11%
+87,940
New +$2.19M
11 12
13
14 15

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Dark Forest Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Dark Forest Capital Management held 1,491 positions worth $2.2B, up 225% from $678M the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.

Dark Forest Capital Management deployed $1.68B of net new capital in Q1 2025, opening 604 new positions and adding to 497 existing holdings. Its largest new stake was Palo Alto Networks: 55,911 shares worth $9.54M.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 14% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Applovin, an estimated $6.9M trimmed.

  • Dark Forest Capital Management's largest Q1 2025 buy was Palo Alto Networks: 55,911 shares worth $9.54M.
  • Dark Forest Capital Management added most to Cheniere Energy in Q1 2025, an estimated $27.3M increase.
  • Dark Forest Capital Management's biggest Q1 2025 reduction was Applovin, cutting an estimated $6.9M.
  • Dark Forest Capital Management fully exited Trade Desk in Q1 2025, selling an estimated $9.58M.
  • Dark Forest Capital Management's ten largest holdings make up 7.2% of its $2.2B portfolio in Q1 2025.
  • Dark Forest Capital Management opened 604 new positions and closed 295 in Q1 2025.
  • Dark Forest Capital Management's portfolio value rose 225% quarter-over-quarter to $2.2B.

Based on Dark Forest Capital Management's 13F filing for Q1 2025, filed 15 May 2025.