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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
(+225%)
Cap. Flow
+$1.68B
Cap. Flow
% of AUM
76.49%
Top 10 Holdings %
Top 10 Hldgs %
7.16%
Holding
1,491
New
604
Increased
497
Reduced
92
Closed
295
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cheniere Energy
LNG
|
+$27.3M |
| 2 |
CRH
CRH
|
+$12.6M |
| 3 |
Microsoft
MSFT
|
+$12.2M |
| 4 |
Amcor
AMCR
|
+$12.2M |
| 5 |
LivaNova
LIVN
|
+$11.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Trade Desk
TTD
|
+$9.58M |
| 2 |
Applovin
APP
|
+$6.9M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$5M |
| 4 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$4.89M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
551
FTAI Aviation
FTAI
$22.2B
| $1.33M | 0.06% |
+11,961
| New | +$1.41M |
|
|
SFD
552
Smithfield Foods
SFD
$9.99B
| $1.33M | 0.06% |
+65,082
| New | +$1.33M |
|
|
GPGI
553
GPGI Inc
GPGI
$4.35B
| $1.32M | 0.06% |
+121,813
| New | +$1.49M |
|
|
KREF
554
KKR Real Estate Finance Trust
KREF
$499M
| $1.32M | 0.06% |
122,506
+92,738
| +312% | +$999K |
|
555
Reddit
RDDT
$31.1B
| $1.32M | 0.06% |
12,590
+8,668
| +221% | +$1.43M |
|
556
Crocs
CROX
$6.55B
| $1.32M | 0.06% |
+12,419
| New | +$1.29M |
|
557
Nu Holdings
NU
$66.9B
| $1.32M | 0.06% |
128,643
+64,706
| +101% | +$765K |
|
558
Envista
NVST
$4.52B
| $1.32M | 0.06% |
+76,227
| New | +$1.48M |
|
559
Pinnacle West Capital
PNW
$12.2B
| $1.31M | 0.06% |
+13,736
| New | +$1.23M |
|
|
HBI
560
DELISTED
Hanesbrands
HBI
| $1.3M | 0.06% |
225,887
+201,054
| +810% | +$1.41M |
|
561
Caesars Entertainment
CZR
$6.14B
| $1.3M | 0.06% |
51,970
+33,218
| +177% | +$1.08M |
|
562
Monro
MNRO
$398M
| $1.29M | 0.06% |
89,487
+75,035
| +519% | +$1.43M |
|
563
Lincoln Electric
LECO
$15.4B
| $1.29M | 0.06% |
6,844
+5,418
| +380% | +$1.06M |
|
|
AVDX
564
DELISTED
AvidXchange
AVDX
| $1.29M | 0.06% |
152,363
+104,711
| +220% | +$968K |
|
565
Provident Financial Services
PFS
$3.19B
| $1.29M | 0.06% |
75,184
+48,420
| +181% | +$880K |
|
566
RPM International
RPM
$15B
| $1.29M | 0.06% |
+11,132
| New | +$1.35M |
|
|
PRO
567
DELISTED
PROS Holdings
PRO
| $1.29M | 0.06% |
+67,664
| New | +$1.58M |
|
568
Clarivate
CLVT
$1.16B
| $1.29M | 0.06% |
327,412
+284,346
| +660% | +$1.35M |
|
|
OS
569
DELISTED
OneStream Inc
OS
| $1.28M | 0.06% |
+59,982
| New | +$1.54M |
|
|
STEL
570
DELISTED
Stellar Bancorp
STEL
| $1.28M | 0.06% |
46,249
+29,409
| +175% | +$828K |
|
571
Ferrari
RACE
$72.5B
| $1.28M | 0.06% |
2,982
+1,622
| +119% | +$729K |
|
572
Carlisle Companies
CSL
$15.4B
| $1.28M | 0.06% |
3,747
+3,039
| +429% | +$1.09M |
|
573
Expro Ltd
XPRO
$1.91B
| $1.27M | 0.06% |
127,452
+101,888
| +399% | +$1.26M |
|
574
O'Reilly Automotive
ORLY
$76.3B
| $1.27M | 0.06% |
13,260
+8,010
| +153% | +$697K |
|
|
CWAN
575
DELISTED
Clearwater Analytics
CWAN
| $1.27M | 0.06% |
47,224
-71,769
| -60% | -$2.01M |
|
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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.