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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 | |
|---|---|---|---|---|---|---|
876
MGIC Investment
MTG
$6.25B
| – | – |
-40,326
| Closed | -$673K |
|
877
Meritage Homes
MTH
$4.86B
| – | – |
-13,936
| Closed | -$853K |
|
878
Minerals Technologies
MTX
$2.34B
| – | – |
-23,796
| Closed | -$1.3M |
|
879
MasTec
MTZ
$21.9B
| – | – |
-3,560
| Closed | -$256K |
|
880
Murphy Oil
MUR
$4.78B
| – | – |
-12,928
| Closed | -$586K |
|
881
Murphy USA
MUSA
$9.61B
| – | – |
-1,332
| Closed | -$455K |
|
882
MYR Group
MYRG
$5.25B
| – | – |
-2,702
| Closed | -$364K |
|
883
N-able
NABL
$940M
| – | – |
-16,002
| Closed | -$206K |
|
884
Neurocrine Biosciences
NBIX
$16.6B
| – | – |
-8,864
| Closed | -$997K |
|
885
NBT Bancorp
NBTB
$2.74B
| – | – |
-9,062
| Closed | -$287K |
|
886
nCino
NCNO
$2.1B
| – | – |
-10,548
| Closed | -$335K |
|
887
Nasdaq
NDAQ
$52.9B
| – | – |
-52,055
| Closed | -$2.53M |
|
888
NextEra Energy
NEE
$177B
| – | – |
-16,791
| Closed | -$962K |
|
889
Neogen
NEOG
$2.5B
| – | – |
-105,671
| Closed | -$1.96M |
|
890
National Fuel Gas
NFG
$7.65B
| – | – |
-4,281
| Closed | -$222K |
|
891
Netflix
NFLX
$309B
| – | – |
-12,120
| Closed | -$458K |
|
892
NiSource
NI
$20.4B
| – | – |
-75,708
| Closed | -$1.87M |
|
893
NMI Holdings
NMIH
$3.36B
| – | – |
-9,256
| Closed | -$251K |
|
894
Nano X Imaging
NNOX
$73.8M
| – | – |
-27,356
| Closed | -$179K |
|
895
NOV
NOV
$7B
| – | – |
-107,308
| Closed | -$2.24M |
|
|
NOVA
896
DELISTED
Sunnova Energy
NOVA
| – | – |
-56,634
| Closed | -$593K |
|
897
ServiceNow
NOW
$129B
| – | – |
-3,580
| Closed | -$400K |
|
898
NerdWallet
NRDS
$652M
| – | – |
-17,354
| Closed | -$154K |
|
899
NRG Energy
NRG
$24.8B
| – | – |
-16,104
| Closed | -$620K |
|
900
Insight Enterprises
NSIT
$4.51B
| – | – |
-16,404
| Closed | -$2.39M |
|
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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.