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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 | |
|---|---|---|---|---|---|---|
601
Charles River Laboratories
CRL
$12.8B
| – | – |
-3,565
| Closed | -$699K |
|
602
Cerence
CRNC
$413M
| – | – |
-34,963
| Closed | -$712K |
|
603
Crocs
CROX
$6.55B
| – | – |
-20,978
| Closed | -$1.85M |
|
604
Carpenter Technology
CRS
$28.4B
| – | – |
-15,261
| Closed | -$1.03M |
|
605
Corsair Gaming
CRSR
$1.55B
| – | – |
-71,449
| Closed | -$1.04M |
|
606
Cisco
CSCO
$479B
| – | – |
-34,569
| Closed | -$1.86M |
|
|
CSR
607
Centerspace
CSR
$952M
| – | – |
-9,104
| Closed | -$549K |
|
|
CTRA
608
DELISTED
Coterra Energy
CTRA
| – | – |
-28,324
| Closed | -$766K |
|
609
Cognizant
CTSH
$26B
| – | – |
-3,188
| Closed | -$216K |
|
610
Corteva
CTVA
$51.3B
| – | – |
-12,776
| Closed | -$654K |
|
611
Customers Bancorp
CUBI
$2.77B
| – | – |
-12,453
| Closed | -$429K |
|
612
CVR Energy
CVI
$3.13B
| – | – |
-19,290
| Closed | -$656K |
|
613
Carvana
CVNA
$77.9B
| – | – |
-102,275
| Closed | -$859K |
|
614
Curtiss-Wright
CW
$25.5B
| – | – |
-1,843
| Closed | -$361K |
|
|
CWAN
615
DELISTED
Clearwater Analytics
CWAN
| – | – |
-29,242
| Closed | -$566K |
|
616
Clearway Energy Class C
CWEN
$6.7B
| – | – |
-12,871
| Closed | -$272K |
|
617
Community Health Systems
CYH
$423M
| – | – |
-222,864
| Closed | -$646K |
|
618
Caesars Entertainment
CZR
$6.14B
| – | – |
-24,670
| Closed | -$1.14M |
|
619
Delta Air Lines
DAL
$60.1B
| – | – |
-43,079
| Closed | -$1.59M |
|
620
Dana Inc
DAN
$3.06B
| – | – |
-12,082
| Closed | -$177K |
|
621
DoorDash
DASH
$93.7B
| – | – |
-19,454
| Closed | -$1.55M |
|
622
Donaldson
DCI
$11.4B
| – | – |
-7,185
| Closed | -$429K |
|
623
Dillards
DDS
$9.56B
| – | – |
-749
| Closed | -$248K |
|
624
Dollar General
DG
$27.9B
| – | – |
-15,000
| Closed | -$1.59M |
|
625
Digi International
DGII
$3.1B
| – | – |
-30,390
| Closed | -$821K |
|
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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.