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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
+8.95%
1 Year Est. Return
+18.74%
3 Year Est. Return
+51.22%
5 Year Est. Return
+55.27%
10 Year Est. Return
–
AUM
$2.51B
AUM Growth
+$308M
(+14%)
Cap. Flow
+$165M
Cap. Flow
% of AUM
6.6%
Top 10 Holdings %
Top 10 Hldgs %
6.12%
Holding
1,581
New
385
Increased
403
Reduced
352
Closed
439
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Simon Property Group
SPG
|
+$15M |
| 2 |
Graco
GGG
|
+$10.2M |
| 3 |
iShares TIPS Bond ETF
TIP
|
+$10M |
| 4 |
Kraft Heinz
KHC
|
+$9.33M |
| 5 |
Phillips 66
PSX
|
+$8.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CRH
CRH
|
+$23.8M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$23.6M |
| 3 |
Cheniere Energy
LNG
|
+$13.2M |
| 4 |
Amcor
AMCR
|
+$9.83M |
| 5 |
LivaNova
LIVN
|
+$9.42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.68% |
| 2 | Technology | 15.03% |
| 3 | Industrials | 14.39% |
| 4 | Consumer Discretionary | 11.22% |
| 5 | Healthcare | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
976
Sabra Healthcare REIT
SBRA
$5.37B
| $396K | 0.02% |
+21,479
| New | +$381K |
|
977
Albemarle
ALB
$15.5B
| $394K | 0.02% |
+6,289
| New | +$372K |
|
978
Nu Holdings
NU
$66.9B
| $392K | 0.02% |
28,561
-100,082
| -78% | -$1.2M |
|
979
IMAX
IMAX
$2.66B
| $389K | 0.02% |
13,928
-74,012
| -84% | -$1.92M |
|
980
ACM Research
ACMR
$5.79B
| $389K | 0.02% |
15,002
-65,579
| -81% | -$1.47M |
|
981
Universal Technical Institute
UTI
$1.59B
| $385K | 0.02% |
11,372
-23,675
| -68% | -$743K |
|
|
GAP
982
The Gap Inc
GAP
$7.37B
| $385K | 0.02% |
17,647
-201,540
| -92% | -$4.5M |
|
983
Lowe's Companies
LOW
$125B
| $385K | 0.02% |
+1,734
| New | +$387K |
|
984
Boston Properties
BXP
$11.1B
| $385K | 0.02% |
+5,701
| New | +$380K |
|
985
AvalonBay Communities
AVB
$26.8B
| $384K | 0.02% |
+1,887
| New | +$386K |
|
986
Franklin Resources
BEN
$17.2B
| $380K | 0.02% |
15,947
-21,713
| -58% | -$447K |
|
987
Rocket Pharmaceuticals
RCKT
$394M
| $377K | 0.02% |
153,814
+140,795
| +1,081% | +$713K |
|
988
Chipotle Mexican Grill
CMG
$41.5B
| $376K | 0.02% |
+6,691
| New | +$340K |
|
989
Boise Cascade
BCC
$3.02B
| $370K | 0.01% |
4,262
-6,734
| -61% | -$610K |
|
990
PureCycle Technologies
PCT
$1.45B
| $370K | 0.01% |
26,978
-114,205
| -81% | -$1.01M |
|
991
Atour Lifestyle Holdings
ATAT
$4.8B
| $369K | 0.01% |
11,342
+3,320
| +41% | +$94.3K |
|
992
ProShares Investment Grade-Interest Rate Hedged
IGHG
$329M
| $369K | 0.01% |
4,706
-7,494
| -61% | -$577K |
|
993
ThredUp
TDUP
$422M
| $367K | 0.01% |
+49,017
| New | +$288K |
|
994
Coca-Cola Europacific Partners
CCEP
$47.9B
| $363K | 0.01% |
3,916
-11,376
| -74% | -$1.02M |
|
|
VNET
995
VNET Group
VNET
$2.09B
| $363K | 0.01% |
52,618
+22,269
| +73% | +$133K |
|
|
ONC
996
BeOne Medicines Ltd
ONC
$38.7B
| $361K | 0.01% |
+1,492
| New | +$366K |
|
997
Reynolds Consumer Products
REYN
$5.59B
| $359K | 0.01% |
16,773
-17,247
| -51% | -$390K |
|
998
Hormel Foods
HRL
$13.8B
| $359K | 0.01% |
+11,861
| New | +$358K |
|
999
Jefferies Financial Group
JEF
$13.1B
| $355K | 0.01% |
+6,485
| New | +$321K |
|
|
ECG
1000
Everus Construction Group
ECG
$6.99B
| $353K | 0.01% |
5,556
-3,661
| -40% | -$185K |
|
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Dark Forest Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Dark Forest Capital Management held 1,581 positions worth $2.51B, up 14% from $2.2B the previous quarter. Its ten largest holdings account for 6.1% of the portfolio.
Dark Forest Capital Management deployed $165M of net new capital in Q2 2025, opening 385 new positions and adding to 403 existing holdings. Its largest new stake was iShares TIPS Bond ETF: 91,743 shares worth $10.1M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Cheniere Energy, an estimated $13.2M trimmed.
- Dark Forest Capital Management's largest Q2 2025 buy was iShares TIPS Bond ETF: 91,743 shares worth $10.1M.
- Dark Forest Capital Management added most to Simon Property Group in Q2 2025, an estimated $15M increase.
- Dark Forest Capital Management's biggest Q2 2025 reduction was Cheniere Energy, cutting an estimated $13.2M.
- Dark Forest Capital Management fully exited CRH in Q2 2025, selling an estimated $23.8M.
- Dark Forest Capital Management's ten largest holdings make up 6.1% of its $2.51B portfolio in Q2 2025.
- Dark Forest Capital Management opened 385 new positions and closed 439 in Q2 2025.
- Dark Forest Capital Management's portfolio value rose 14% quarter-over-quarter to $2.51B.
Based on Dark Forest Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.