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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 | |
|---|---|---|---|---|---|---|
476
Amazon
AMZN
$2.96T
| – | – |
-6,395
| Closed | -$813K |
|
477
AutoNation
AN
$6.92B
| – | – |
-9,501
| Closed | -$1.44M |
|
478
AngioDynamics
ANGO
$649M
| – | – |
-11,602
| Closed | -$84.8K |
|
479
ANI Pharmaceuticals
ANIP
$1.78B
| – | – |
-11,800
| Closed | -$685K |
|
480
Aon
AON
$76B
| – | – |
-5,965
| Closed | -$1.93M |
|
481
Artivion
AORT
$1.32B
| – | – |
-18,566
| Closed | -$281K |
|
482
A.O. Smith
AOS
$8.7B
| – | – |
-5,425
| Closed | -$359K |
|
483
Artisan Partners
APAM
$3.02B
| – | – |
-36,261
| Closed | -$1.36M |
|
484
APi Group
APG
$18B
| – | – |
-63,738
| Closed | -$1.1M |
|
485
Apple Hospitality REIT
APLE
$3.82B
| – | – |
-47,972
| Closed | -$736K |
|
486
Appian
APPN
$2.48B
| – | – |
-22,159
| Closed | -$1.01M |
|
487
Digital Turbine
APPS
$1.74B
| – | – |
-86,634
| Closed | -$524K |
|
488
Aptiv
APTV
$10.3B
| – | – |
-12,539
| Closed | -$1.24M |
|
489
Ares Capital
ARCC
$14.4B
| – | – |
-18,936
| Closed | -$369K |
|
490
Arcturus Therapeutics
ARCT
$211M
| – | – |
-25,228
| Closed | -$645K |
|
491
Ardelyx
ARDX
$997M
| – | – |
-272,065
| Closed | -$1.11M |
|
492
Ares Management
ARES
$30.9B
| – | – |
-10,141
| Closed | -$1.04M |
|
493
ARKO Corp
ARKO
$635M
| – | – |
-14,161
| Closed | -$101K |
|
494
Arcutis Biotherapeutics
ARQT
$3.18B
| – | – |
-74,293
| Closed | -$394K |
|
495
Asana
ASAN
$2.13B
| – | – |
-55,177
| Closed | -$1.01M |
|
496
Associated Banc-Corp
ASB
$5.91B
| – | – |
-238,155
| Closed | -$4.07M |
|
497
AerSale
ASLE
$279M
| – | – |
-33,086
| Closed | -$494K |
|
498
Astec Industries
ASTE
$1.02B
| – | – |
-11,418
| Closed | -$538K |
|
499
AST SpaceMobile
ASTS
$21.5B
| – | – |
-240,245
| Closed | -$913K |
|
500
Alphatec Holdings
ATEC
$1.44B
| – | – |
-46,737
| Closed | -$606K |
|
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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.