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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 | |
|---|---|---|---|---|---|---|
876
John Wiley & Sons Class A
WLY
$2.66B
| $588K | 0.03% |
+13,196
| New | +$558K |
|
877
Broadridge
BR
$19B
| $588K | 0.03% |
+2,425
| New | +$571K |
|
878
Molina Healthcare
MOH
$10.3B
| $580K | 0.03% |
+1,762
| New | +$532K |
|
879
American Airlines Group
AAL
$10.6B
| $580K | 0.03% |
54,988
+41,907
| +320% | +$631K |
|
880
nVent Electric
NVT
$26.7B
| $577K | 0.03% |
11,001
-7,758
| -41% | -$490K |
|
|
EVRI
881
DELISTED
Everi Holdings
EVRI
| $573K | 0.03% |
+41,936
| New | +$573K |
|
|
EA
882
DELISTED
Electronic Arts
EA
| $573K | 0.03% |
3,966
-300
| -7% | -$40.5K |
|
883
Salesforce
CRM
$158B
| $569K | 0.03% |
+2,120
| New | +$659K |
|
884
Costamare
CMRE
$1.77B
| $569K | 0.03% |
+57,814
| New | +$638K |
|
885
Lockheed Martin
LMT
$136B
| $568K | 0.03% |
+1,271
| New | +$585K |
|
886
Starbucks
SBUX
$120B
| $563K | 0.03% |
+5,742
| New | +$594K |
|
|
GES
887
DELISTED
Guess Inc
GES
| $560K | 0.03% |
+50,543
| New | +$610K |
|
888
NETSCOUT
NTCT
$2.79B
| $558K | 0.03% |
+26,561
| New | +$597K |
|
889
eBay
EBAY
$49.8B
| $557K | 0.03% |
+8,226
| New | +$548K |
|
890
Insight Enterprises
NSIT
$4.38B
| $554K | 0.03% |
3,693
+1,343
| +57% | +$216K |
|
891
Healthcare Realty
HR
$6.84B
| $553K | 0.03% |
+32,712
| New | +$544K |
|
892
FirstCash
FCFS
$8.78B
| $547K | 0.02% |
+4,543
| New | +$515K |
|
893
Dollar Tree
DLTR
$25.2B
| $546K | 0.02% |
+7,279
| New | +$521K |
|
894
Crescent Energy
CRGY
$3.82B
| $546K | 0.02% |
48,572
+15,222
| +46% | +$210K |
|
895
Owens Corning
OC
$12.4B
| $544K | 0.02% |
+3,807
| New | +$629K |
|
896
Immunovant
IMVT
$8.25B
| $542K | 0.02% |
+31,726
| New | +$664K |
|
897
Americold
COLD
$4.27B
| $542K | 0.02% |
25,248
-1,337
| -5% | -$29.1K |
|
898
EverQuote
EVER
$906M
| $541K | 0.02% |
20,655
-5,267
| -20% | -$121K |
|
|
NTST
899
NETSTREIT Corp
NTST
$2.1B
| $538K | 0.02% |
33,948
-15,001
| -31% | -$219K |
|
900
Steel Dynamics
STLD
$37.6B
| $537K | 0.02% |
4,294
-1,155
| -21% | -$146K |
|
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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.