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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 | |
|---|---|---|---|---|---|---|
576
Acadia Healthcare
ACHC
$2.94B
| $1.27M | 0.06% |
+41,726
| New | +$1.59M |
|
577
Eos Energy Enterprises
EOSE
$1.51B
| $1.26M | 0.06% |
+334,372
| New | +$1.63M |
|
578
DigitalBridge
DBRG
$2.95B
| $1.26M | 0.06% |
+143,129
| New | +$1.5M |
|
579
Cabot Corp
CBT
$4.52B
| $1.26M | 0.06% |
+15,176
| New | +$1.31M |
|
580
Silicon Laboratories
SLAB
$7.23B
| $1.26M | 0.06% |
+11,200
| New | +$1.51M |
|
581
Insperity
NSP
$2.01B
| $1.26M | 0.06% |
+14,126
| New | +$1.17M |
|
582
Zymeworks
ZYME
$1.67B
| $1.26M | 0.06% |
+105,829
| New | +$1.44M |
|
583
Genco Shipping & Trading
GNK
$1.1B
| $1.25M | 0.06% |
93,885
+57,675
| +159% | +$818K |
|
584
Federal Agricultural Mortgage
AGM
$2.56B
| $1.25M | 0.06% |
+6,689
| New | +$1.31M |
|
585
ICF International
ICFI
$1.72B
| $1.25M | 0.06% |
+14,746
| New | +$1.54M |
|
586
Jacobs Solutions
J
$17B
| $1.25M | 0.06% |
+10,425
| New | +$1.34M |
|
587
Centene
CNC
$32.5B
| $1.25M | 0.06% |
+20,534
| New | +$1.24M |
|
588
Simon Property Group
SPG
$72.3B
| $1.24M | 0.06% |
7,467
+6,137
| +461% | +$1.07M |
|
589
Crane NXT
CXT
$3.07B
| $1.23M | 0.06% |
24,026
+11,880
| +98% | +$696K |
|
590
TPG
TPG
$7.86B
| $1.23M | 0.06% |
+25,990
| New | +$1.51M |
|
591
Coursera
COUR
$1.54B
| $1.23M | 0.06% |
+184,793
| New | +$1.47M |
|
592
Paymentus
PAY
$4.86B
| $1.23M | 0.06% |
47,055
+39,136
| +494% | +$1.16M |
|
593
Affirm
AFRM
$25.2B
| $1.23M | 0.06% |
+27,149
| New | +$1.61M |
|
594
Liberty Media Series A
FWONA
$23.6B
| $1.22M | 0.06% |
15,000
| – | – |
|
595
Safety Insurance
SAFT
$1.52B
| $1.21M | 0.06% |
15,336
+6,701
| +78% | +$524K |
|
596
Masco
MAS
$15.3B
| $1.21M | 0.05% |
+17,353
| New | +$1.3M |
|
597
American Superconductor
AMSC
$1.59B
| $1.21M | 0.05% |
+66,523
| New | +$1.66M |
|
598
Janux Therapeutics
JANX
$967M
| $1.21M | 0.05% |
+44,672
| New | +$1.68M |
|
|
BDN
599
Brandywine Realty Trust
BDN
$554M
| $1.2M | 0.05% |
269,329
+251,205
| +1,386% | +$1.24M |
|
600
Brighthouse Financial
BHF
$3.5B
| $1.2M | 0.05% |
20,609
+16,102
| +357% | +$899K |
|
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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.