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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
+10.07%
1 Year Est. Return
+18.74%
3 Year Est. Return
+51.22%
5 Year Est. Return
+55.27%
10 Year Est. Return
–
AUM
$666M
AUM Growth
-$632M
(-49%)
Cap. Flow
-$687M
Cap. Flow
% of AUM
-103.08%
Top 10 Holdings %
Top 10 Hldgs %
40.61%
Holding
1,194
New
130
Increased
97
Reduced
186
Closed
768
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$93.3M |
| 2 |
P
Everpure Inc
P
|
+$18.1M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$15.9M |
| 4 |
Workday
WDAY
|
+$15.8M |
| 5 |
Applovin
APP
|
+$15.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
lululemon athletica
LULU
|
+$17.1M |
| 2 |
Kohl's
KSS
|
+$11.8M |
| 3 |
Vanguard Mortgage-Backed Securities ETF
VMBS
|
+$11.6M |
| 4 |
Vanguard Short-Term Corporate Bond ETF
VCSH
|
+$8.19M |
| 5 |
CNGL
Canna-Global Acquisition Corp. Class A Common Stock
CNGL
|
+$5.88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 26.63% |
| 2 | Technology | 15.32% |
| 3 | Financials | 8.5% |
| 4 | Industrials | 8.5% |
| 5 | Consumer Discretionary | 7.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CNH
401
CNH Industrial
CNH
$17.5B
| $172K | 0.03% |
+14,153
| New | +$158K |
|
402
Ardagh Metal Packaging
AMBP
$3.01B
| $170K | 0.03% |
+44,222
| New | +$154K |
|
403
Antero Midstream
AM
$10.1B
| $160K | 0.02% |
12,758
-93,396
| -88% | -$1.18M |
|
404
ProPetro Holding
PUMP
$1.35B
| $156K | 0.02% |
18,674
-97,294
| -84% | -$918K |
|
|
LBAI
405
DELISTED
Lakeland Bancorp Inc
LBAI
| $149K | 0.02% |
+10,097
| New | +$129K |
|
406
Petco
WOOF
$794M
| $144K | 0.02% |
+45,423
| New | +$157K |
|
407
Hain Celestial
HAIN
$53.7M
| $133K | 0.02% |
+12,126
| New | +$131K |
|
|
MCW
408
DELISTED
Mister Car Wash
MCW
| $122K | 0.02% |
14,063
-24,090
| -63% | -$163K |
|
409
Sabre
SABR
$835M
| $108K | 0.02% |
24,569
-114,866
| -82% | -$443K |
|
410
Iovance Biotherapeutics
IOVA
$2.87B
| $95.1K | 0.01% |
11,703
-10,089
| -46% | -$52.8K |
|
411
Coeur Mining
CDE
$17.9B
| $93.5K | 0.01% |
28,687
-563,963
| -95% | -$1.54M |
|
412
Archer Aviation
ACHR
$4.26B
| $92.3K | 0.01% |
15,040
-27,159
| -64% | -$154K |
|
413
Maravai LifeSciences
MRVI
$919M
| $88.2K | 0.01% |
+13,463
| New | +$87K |
|
|
PGRE
414
DELISTED
Paramount Group
PGRE
| $80.3K | 0.01% |
15,525
-75,251
| -83% | -$357K |
|
415
ChargePoint
CHPT
$161M
| $75.4K | 0.01% |
1,611
-2,743
| -63% | -$153K |
|
416
GoPro
GPRO
$126M
| $74.4K | 0.01% |
+21,455
| New | +$68K |
|
417
Prospect Capital
PSEC
$1.17B
| $62.7K | 0.01% |
10,462
-137,802
| -93% | -$793K |
|
418
Planet Labs
PL
$8.53B
| $60.2K | 0.01% |
24,379
-215,349
| -90% | -$509K |
|
419
AbCellera Biologics
ABCL
$2.12B
| $59.9K | 0.01% |
10,490
-268,128
| -96% | -$1.24M |
|
420
LivePerson
LPSN
$32.3M
| $43.8K | 0.01% |
771
-9,370
| -92% | -$431K |
|
421
W&T Offshore
WTI
$518M
| $33.4K | 0.01% |
+10,236
| New | +$37.7K |
|
|
FSR
422
DELISTED
Fisker Inc.
FSR
| $20.6K | ﹤0.01% |
11,768
-70,560
| -86% | -$250K |
|
423
Seres Therapeutics
MCRB
$48.4M
| $14K | ﹤0.01% |
501
-5,374
| -91% | -$141K |
|
|
LICY
424
DELISTED
Li-Cycle Holdings Corp.
LICY
| $13.6K | ﹤0.01% |
+2,913
| New | +$33.1K |
|
|
SLNA
425
DELISTED
Selina Hospitality PLC Ordinary Shares
SLNA
| $5.57K | ﹤0.01% |
31,250
| – | – |
|
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Dark Forest Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Dark Forest Capital Management held 1,194 positions worth $666M, down 49% from $1.3B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Dark Forest Capital Management withdrew a net $687M in Q4 2023, closing 768 positions and reducing 186 holdings. Its most notable exit was lululemon athletica, an estimated $17.1M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 27% of assets, up from 6.2% a quarter earlier, followed by Technology and Financials.
Against the trend, Dark Forest Capital Management opened a new position in Everpure Inc worth $18.4M.
- Dark Forest Capital Management's largest Q4 2023 buy was Everpure Inc: 514,899 shares worth $18.4M.
- Dark Forest Capital Management added most to Alphabet (Google) Class A in Q4 2023, an estimated $93.3M increase.
- Dark Forest Capital Management's biggest Q4 2023 reduction was Kohl's, cutting an estimated $11.8M.
- Dark Forest Capital Management fully exited lululemon athletica in Q4 2023, selling an estimated $17.1M.
- Dark Forest Capital Management's ten largest holdings make up 41% of its $666M portfolio in Q4 2023.
- Dark Forest Capital Management opened 130 new positions and closed 768 in Q4 2023.
- Dark Forest Capital Management's portfolio value fell 49% quarter-over-quarter to $666M.
Based on Dark Forest Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.