We are live on ! Find out more
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
Cap. Flow
+$1.68B
Cap. Flow %
76.49%
Top 10 Hldgs %
7.16%
Holding
1,491
New
604
Increased
497
Reduced
92
Closed
295

Top Buys

Rank Stock Value
1
LNG icon
Cheniere Energy
LNG
+$27.3M
2
CRH icon
CRH
CRH
+$12.6M
3
MSFT icon
Microsoft
MSFT
+$12.2M
4
AMCR icon
Amcor
AMCR
+$12.2M
5
LIVN icon
LivaNova
LIVN
+$11.2M

Top Sells

Rank Stock Value
1
TTD icon
Trade Desk
TTD
+$9.58M
2
APP icon
Applovin
APP
+$6.9M
3
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$5M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$4.89M
5
GWRE icon
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
SPOT icon
801
Spotify
SPOT
$100B
$757K 0.03%
1,376
+684
+99% +$382K
KBR icon
802
KBR
KBR
$4.8B
$756K 0.03%
15,176
+5,133
+51% +$274K
RH icon
803
RH
RH
$3.71B
$756K 0.03%
3,224
+2,188
+211% +$757K
SHAK icon
804
Shake Shack
SHAK
$2.87B
$753K 0.03%
+8,537
New +$926K
HLIO icon
805
Helios Technologies
HLIO
$2.76B
$751K 0.03%
23,404
+18,602
+387% +$749K
SBGI icon
806
Sinclair Inc
SBGI
$1.03B
$748K 0.03%
+46,969
New +$711K
SOC icon
807
Sable Offshore Corp
SOC
$911M
$742K 0.03%
+29,253
New +$749K
CDNA icon
808
CareDx
CDNA
$2.42B
$737K 0.03%
+41,517
New +$894K
SGI
809
Somnigroup International
SGI
$13.7B
$737K 0.03%
12,301
+4,597
+60% +$278K
NN icon
810
NextNav
NN
$2.23B
$736K 0.03%
+60,468
New +$730K
MFA
811
MFA Financial
MFA
$933M
$733K 0.03%
+71,400
New +$747K
PZZA icon
812
Papa John's
PZZA
$806M
$725K 0.03%
17,654
+10,669
+153% +$456K
BEN icon
813
Franklin Resources
BEN
$17.2B
$725K 0.03%
37,660
+9,754
+35% +$195K
META icon
814
Meta Platforms (Facebook)
META
$1.51T
$724K 0.03%
1,256
-83
-6% -$53.5K
BKNG icon
815
Booking.com
BKNG
$161B
$723K 0.03%
3,925
– –
AMED
816
DELISTED
Amedisys
AMED
$723K 0.03%
+7,802
New +$719K
CHDN icon
817
Churchill Downs
CHDN
$6.12B
$722K 0.03%
+6,499
New +$777K
FXI icon
818
CALL
iShares China Large-Cap ETF
FXI
$4.31B
$717K 0.03%
+20,000
New +$677K
BBAI icon
819
BigBear.ai
BBAI
$1.57B
$716K 0.03%
+250,522
New +$1.19M
TROX icon
820
Tronox
TROX
$1.04B
$714K 0.03%
101,418
+89,766
+770% +$772K
TGLS icon
821
Tecnoglass Holdings Inc.
TGLS
$1.96B
$712K 0.03%
9,957
-219
-2% -$16.3K
SPRY icon
822
ARS Pharmaceuticals
SPRY
$612M
$711K 0.03%
+56,553
New +$680K
LYFT icon
823
Lyft
LYFT
$6.63B
$711K 0.03%
+59,927
New +$780K
ETSY icon
824
Etsy
ETSY
$7.85B
$710K 0.03%
+15,053
New +$771K
FLG
825
Flagstar Bank National Association
FLG
$5.82B
$708K 0.03%
+60,916
New +$685K
31 32
33
34 35

Similar funds

PL
Parkwood LLC Cleveland, Ohio $1.13B AUM 32.89% 1-Year Est. Return
AT
American Trust Lexington, Kentucky $1.13B AUM 17.56% 1-Year Est. Return
WM
WS Management Jacksonville, Florida $1.13B AUM 53.44% 1-Year Est. Return
OHIF
Oriental Harbor Investment Fund Hong Kong $1.13B AUM 70.63% 1-Year Est. Return
HMCP
Hook Mill Capital Partners New York $1.13B AUM 31.32% 1-Year Est. Return
C
Chescapmanager Baltimore, Maryland $1.12B AUM 67.49% 1-Year Est. Return
ACM
Alua Capital Management New York $1.13B AUM 8.41% 1-Year Est. Return
CNC
Canandaigua National Corp Canandaigua, New York $1.12B AUM

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.