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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
+8.95%
1 Year Est. Return
+18.74%
3 Year Est. Return
+51.22%
5 Year Est. Return
+55.27%
10 Year Est. Return
–
AUM
$2.51B
AUM Growth
+$308M
Cap. Flow
+$165M
Cap. Flow %
6.6%
Top 10 Hldgs %
6.12%
Holding
1,581
New
385
Increased
403
Reduced
352
Closed
439

Top Buys

Rank Stock Value
1
SPG icon
Simon Property Group
SPG
+$15M
2
GGG icon
Graco
GGG
+$10.2M
3
TIP icon
iShares TIPS Bond ETF
TIP
+$10M
4
KHC icon
Kraft Heinz
KHC
+$9.33M
5
PSX icon
Phillips 66
PSX
+$8.74M

Top Sells

Rank Stock Value
1
CRH icon
CRH
CRH
+$23.8M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$23.6M
3
LNG icon
Cheniere Energy
LNG
+$13.2M
4
AMCR icon
Amcor
AMCR
+$9.83M
5
LIVN icon
LivaNova
LIVN
+$9.42M

Sector Composition

Rank Sector Weight
1 Financials 17.68%
2 Technology 15.03%
3 Industrials 14.39%
4 Consumer Discretionary 11.22%
5 Healthcare 9.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
POR icon
26
Portland General Electric
POR
$5.8B
$8.64M 0.34%
212,621
+58,364
+38% +$2.45M
ARW icon
27
Arrow Electronics
ARW
$11.1B
$8.49M 0.34%
66,610
+56,726
+574% +$6.51M
GM icon
28
General Motors
GM
$80.4B
$8.41M 0.34%
170,886
+118,809
+228% +$5.63M
LMT icon
29
Lockheed Martin
LMT
$134B
$8.39M 0.33%
18,110
+16,839
+1,325% +$7.88M
SPY icon
30
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$8.34M 0.33%
13,500
-6,500
-33% -$3.72M
AMED
31
DELISTED
Amedisys
AMED
$8.18M 0.33%
83,111
+75,309
+965% +$7.13M
UNP icon
32
Union Pacific
UNP
$174B
$8.14M 0.32%
+35,400
New +$7.86M
OXY icon
33
Occidental Petroleum
OXY
$56.8B
$7.94M 0.32%
189,034
+62,591
+50% +$2.62M
BAH icon
34
Booz Allen Hamilton
BAH
$8.39B
$7.88M 0.31%
75,671
+11,801
+18% +$1.32M
CTAS icon
35
Cintas
CTAS
$81.9B
$7.79M 0.31%
34,957
+24,910
+248% +$5.36M
SRE icon
36
Sempra
SRE
$57.9B
$7.75M 0.31%
+102,305
New +$7.6M
SBAC icon
37
SBA Communications
SBAC
$19.2B
$7.71M 0.31%
32,839
+19,474
+146% +$4.46M
GEV icon
38
GE Vernova
GEV
$264B
$7.52M 0.3%
14,213
+4,896
+53% +$2.04M
MET icon
39
MetLife
MET
$61.9B
$7.42M 0.3%
92,229
+77,848
+541% +$6.01M
EXPO icon
40
Exponent
EXPO
$3.24B
$7.23M 0.29%
96,783
+51,172
+112% +$3.97M
ARES icon
41
Ares Management
ARES
$28.9B
$7.22M 0.29%
41,670
+17,420
+72% +$2.75M
AMKR icon
42
Amkor Technology
AMKR
$12.4B
$7.09M 0.28%
+337,615
New +$6.23M
NLY icon
43
Annaly Capital Management
NLY
$17.1B
$7.05M 0.28%
374,674
+255,908
+215% +$4.87M
GIS icon
44
General Mills
GIS
$19.1B
$7.04M 0.28%
135,905
+104,948
+339% +$5.79M
KDP icon
45
Keurig Dr Pepper
KDP
$42.3B
$7.03M 0.28%
212,566
+75,807
+55% +$2.56M
WLK icon
46
Westlake Corp
WLK
$9.03B
$7.02M 0.28%
92,491
+83,503
+929% +$6.83M
NWE icon
47
NorthWestern Energy
NWE
$4.23B
$6.92M 0.28%
134,812
+119,494
+780% +$6.6M
RELY icon
48
Remitly
RELY
$4.79B
$6.91M 0.28%
368,281
+293,130
+390% +$6.1M
LLY icon
49
Eli Lilly
LLY
$1.02T
$6.91M 0.28%
8,861
+3,436
+63% +$2.67M
DLTR icon
50
Dollar Tree
DLTR
$24.4B
$6.77M 0.27%
68,393
+61,114
+840% +$5.27M
1
2
3 4 5

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Dark Forest Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Dark Forest Capital Management held 1,581 positions worth $2.51B, up 14% from $2.2B the previous quarter. Its ten largest holdings account for 6.1% of the portfolio.

Dark Forest Capital Management deployed $165M of net new capital in Q2 2025, opening 385 new positions and adding to 403 existing holdings. Its largest new stake was iShares TIPS Bond ETF: 91,743 shares worth $10.1M.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Cheniere Energy, an estimated $13.2M trimmed.

  • Dark Forest Capital Management's largest Q2 2025 buy was iShares TIPS Bond ETF: 91,743 shares worth $10.1M.
  • Dark Forest Capital Management added most to Simon Property Group in Q2 2025, an estimated $15M increase.
  • Dark Forest Capital Management's biggest Q2 2025 reduction was Cheniere Energy, cutting an estimated $13.2M.
  • Dark Forest Capital Management fully exited CRH in Q2 2025, selling an estimated $23.8M.
  • Dark Forest Capital Management's ten largest holdings make up 6.1% of its $2.51B portfolio in Q2 2025.
  • Dark Forest Capital Management opened 385 new positions and closed 439 in Q2 2025.
  • Dark Forest Capital Management's portfolio value rose 14% quarter-over-quarter to $2.51B.

Based on Dark Forest Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.