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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 | |
|---|---|---|---|---|---|---|
776
Incyte
INCY
$24.4B
| – | – |
-19,214
| Closed | -$1.11M |
|
777
Ingredion
INGR
$6.58B
| – | – |
-4,242
| Closed | -$417K |
|
778
Insmed
INSM
$28.6B
| – | – |
-73,129
| Closed | -$1.85M |
|
779
Intel
INTC
$513B
| – | – |
-44,109
| Closed | -$1.57M |
|
780
Innoviva
INVA
$1.48B
| – | – |
-91,947
| Closed | -$1.19M |
|
781
Independence Realty Trust
IRT
$4.07B
| – | – |
-36,630
| Closed | -$515K |
|
782
iRhythm Holdings
IRTC
$4.2B
| – | – |
-7,072
| Closed | -$667K |
|
783
Ironwood Pharmaceuticals
IRWD
$714M
| – | – |
-24,195
| Closed | -$233K |
|
784
Intuitive Surgical
ISRG
$134B
| – | – |
-1,306
| Closed | -$382K |
|
785
Integer Holdings
ITGR
$4.26B
| – | – |
-11,984
| Closed | -$940K |
|
786
Itron
ITRI
$4.54B
| – | – |
-3,660
| Closed | -$222K |
|
787
Illinois Tool Works
ITW
$84.5B
| – | – |
-10,339
| Closed | -$2.38M |
|
788
InvenTrust Properties
IVT
$2.59B
| – | – |
-10,986
| Closed | -$262K |
|
789
Jack in the Box
JACK
$335M
| – | – |
-9,687
| Closed | -$669K |
|
|
JHG
790
DELISTED
Janus Henderson
JHG
| – | – |
-73,797
| Closed | -$1.91M |
|
791
Jack Henry & Associates
JKHY
$11.1B
| – | – |
-2,423
| Closed | -$366K |
|
792
JPMorgan Chase
JPM
$950B
| – | – |
-15,934
| Closed | -$2.31M |
|
793
Jackson Financial
JXN
$8.8B
| – | – |
-17,517
| Closed | -$670K |
|
|
K
794
DELISTED
Kellanova
K
| – | – |
-13,806
| Closed | -$771K |
|
|
OPLN
795
Openlane
OPLN
$4.54B
| – | – |
-24,034
| Closed | -$359K |
|
796
Kyndryl
KD
$3.05B
| – | – |
-68,589
| Closed | -$1.04M |
|
797
Keurig Dr Pepper
KDP
$40.8B
| – | – |
-28,314
| Closed | -$894K |
|
798
Kirby Corp
KEX
$6.93B
| – | – |
-20,582
| Closed | -$1.7M |
|
799
Keysight
KEYS
$58.3B
| – | – |
-5,919
| Closed | -$783K |
|
800
Korn Ferry
KFY
$4.28B
| – | – |
-9,596
| Closed | -$455K |
|
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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.