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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 | |
|---|---|---|---|---|---|---|
851
Mondelez International
MDLZ
$79.9B
| – | – |
-28,596
| Closed | -$1.98M |
|
852
Medtronic
MDT
$112B
| – | – |
-4,626
| Closed | -$362K |
|
853
MDU Resources
MDU
$4.32B
| – | – |
-97,638
| Closed | -$1.06M |
|
854
Medpace
MEDP
$16.5B
| – | – |
-5,022
| Closed | -$1.22M |
|
|
ONT
855
Onterris Inc
ONT
$580M
| – | – |
-14,350
| Closed | -$420K |
|
|
MFA
856
MFA Financial
MFA
$933M
| – | – |
-86,833
| Closed | -$834K |
|
857
MGP Ingredients
MGPI
$375M
| – | – |
-8,563
| Closed | -$903K |
|
858
Mohawk Industries
MHK
$9.22B
| – | – |
-4,624
| Closed | -$397K |
|
859
McCormick & Company Non-Voting
MKC
$14.2B
| – | – |
-7,466
| Closed | -$565K |
|
860
Markel Group
MKL
$23.2B
| – | – |
-1,945
| Closed | -$2.86M |
|
861
MarketAxess Holdings
MKTX
$5.72B
| – | – |
-3,856
| Closed | -$824K |
|
862
Mesa Laboratories
MLAB
$574M
| – | – |
-7,480
| Closed | -$786K |
|
863
MillerKnoll
MLKN
$1.67B
| – | – |
-77,655
| Closed | -$1.9M |
|
|
MRSH
864
Marsh
MRSH
$91.5B
| – | – |
-4,182
| Closed | -$796K |
|
865
3M
MMM
$94.3B
| – | – |
-6,834
| Closed | -$535K |
|
866
Maximus
MMS
$3.1B
| – | – |
-8,231
| Closed | -$615K |
|
|
CALY
867
Callaway Golf Company
CALY
$3.14B
| – | – |
-286,339
| Closed | -$3.96M |
|
868
Molina Healthcare
MOH
$10.3B
| – | – |
-777
| Closed | -$255K |
|
869
Merck
MRK
$318B
| – | – |
-2,225
| Closed | -$229K |
|
870
Marvell Technology
MRVL
$196B
| – | – |
-8,207
| Closed | -$444K |
|
871
Mine Safety
MSA
$7.49B
| – | – |
-8,781
| Closed | -$1.38M |
|
872
Microsoft
MSFT
$3.71T
| – | – |
-3,165
| Closed | -$999K |
|
873
MSC Industrial Direct
MSM
$6.86B
| – | – |
-10,313
| Closed | -$1.01M |
|
874
Match Group
MTCH
$8.55B
| – | – |
-42,509
| Closed | -$1.67M |
|
875
Matador Resources
MTDR
$6.09B
| – | – |
-15,028
| Closed | -$894K |
|
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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.