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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 | |
|---|---|---|---|---|---|---|
651
Monolithic Power Systems
MPWR
$68.9B
| $1.09M | 0.05% |
+1,880
| New | +$1.18M |
|
652
AT&T
T
$163B
| $1.09M | 0.05% |
+38,519
| New | +$969K |
|
653
KB Home
KBH
$3.59B
| $1.09M | 0.05% |
18,726
+14,212
| +315% | +$905K |
|
654
Commercial Metals
CMC
$8.31B
| $1.09M | 0.05% |
23,597
+10,403
| +79% | +$506K |
|
655
Appian
APPN
$2.48B
| $1.09M | 0.05% |
+37,670
| New | +$1.23M |
|
656
Rubrik
RBRK
$18.5B
| $1.08M | 0.05% |
+17,773
| New | +$1.21M |
|
|
LIF
657
Life360
LIF
$5.12B
| $1.08M | 0.05% |
+28,176
| New | +$1.22M |
|
|
ODP
658
DELISTED
ODP
ODP
| $1.08M | 0.05% |
+75,401
| New | +$1.45M |
|
659
Adient
ADNT
$1.5B
| $1.08M | 0.05% |
+83,904
| New | +$1.35M |
|
660
Boise Cascade
BCC
$3.02B
| $1.08M | 0.05% |
+10,996
| New | +$1.25M |
|
|
GOLD
661
Gold.com Inc
GOLD
$1.26B
| $1.07M | 0.05% |
+42,295
| New | +$1.17M |
|
662
Bath & Body Works
BBWI
$4.1B
| $1.07M | 0.05% |
+35,337
| New | +$1.25M |
|
663
BridgeBio Pharma
BBIO
$16.5B
| $1.07M | 0.05% |
+30,897
| New | +$1.04M |
|
664
TeraWulf
WULF
$8.52B
| $1.06M | 0.05% |
+389,900
| New | +$1.74M |
|
665
Relay Therapeutics
RLAY
$4.33B
| $1.06M | 0.05% |
+405,995
| New | +$1.59M |
|
666
Baxter International
BAX
$14.2B
| $1.06M | 0.05% |
+31,063
| New | +$1.02M |
|
667
Merck
MRK
$318B
| $1.06M | 0.05% |
11,819
+9,359
| +380% | +$874K |
|
668
Teekay Tankers
TNK
$2.68B
| $1.06M | 0.05% |
+27,619
| New | +$1.12M |
|
669
Uranium Energy
UEC
$5.57B
| $1.06M | 0.05% |
+220,719
| New | +$1.38M |
|
670
Watts Water Technologies
WTS
$13.1B
| $1.05M | 0.05% |
5,168
+3,097
| +150% | +$649K |
|
671
Innoviva
INVA
$1.48B
| $1.05M | 0.05% |
+58,091
| New | +$1.04M |
|
|
VTLE
672
DELISTED
Vital Energy
VTLE
| $1.05M | 0.05% |
+49,595
| New | +$1.44M |
|
673
Life Time Group Holdings
LTH
$9.79B
| $1.04M | 0.05% |
34,600
+7,860
| +29% | +$231K |
|
674
Innovative Industrial Properties
IIPR
$1.72B
| $1.04M | 0.05% |
19,264
+15,380
| +396% | +$1.07M |
|
675
Castle Biosciences
CSTL
$979M
| $1.04M | 0.05% |
+51,855
| New | +$1.28M |
|
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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.