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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 | |
|---|---|---|---|---|---|---|
1026
Strategic Education
STRA
$1.92B
| – | – |
-9,965
| Closed | -$750K |
|
1027
State Street
STT
$50.7B
| – | – |
-3,962
| Closed | -$265K |
|
1028
Southwest Gas
SWX
$6.67B
| – | – |
-11,813
| Closed | -$714K |
|
1029
Symbotic
SYM
$5.22B
| – | – |
-18,210
| Closed | -$609K |
|
1030
Sysco
SYY
$40.3B
| – | – |
-8,910
| Closed | -$589K |
|
1031
The Bancorp
TBBK
$2.84B
| – | – |
-6,525
| Closed | -$225K |
|
1032
Theravance Biopharma
TBPH
$877M
| – | – |
-31,733
| Closed | -$274K |
|
1033
Teradata
TDC
$2.55B
| – | – |
-9,245
| Closed | -$416K |
|
1034
TransDigm Group
TDG
$67.7B
| – | – |
-1,088
| Closed | -$917K |
|
1035
TE Connectivity
TEL
$62.6B
| – | – |
-17,364
| Closed | -$2.14M |
|
1036
Teradyne
TER
$59.3B
| – | – |
-5,725
| Closed | -$575K |
|
1037
Terex
TEX
$7.74B
| – | – |
-6,554
| Closed | -$378K |
|
1038
Triumph Financial Inc
TFIN
$1.82B
| – | – |
-16,066
| Closed | -$1.04M |
|
|
TGI
1039
DELISTED
Triumph Group
TGI
| – | – |
-193,961
| Closed | -$1.49M |
|
1040
TG Therapeutics
TGTX
$7.62B
| – | – |
-172,675
| Closed | -$1.44M |
|
1041
Target Hospitality
TH
$1.64B
| – | – |
-54,266
| Closed | -$862K |
|
1042
Thor Industries
THO
$4.14B
| – | – |
-9,765
| Closed | -$929K |
|
1043
Thryv Holdings
THRY
$108M
| – | – |
-14,793
| Closed | -$278K |
|
|
THS
1044
DELISTED
Treehouse Foods
THS
| – | – |
-47,726
| Closed | -$2.08M |
|
1045
TJX Companies
TJX
$178B
| – | – |
-17,817
| Closed | -$1.58M |
|
1046
Tilray
TLRY
$622M
| – | – |
-1,458
| Closed | -$34.8K |
|
1047
Transmedics
TMDX
$2.91B
| – | – |
-14,365
| Closed | -$786K |
|
1048
Thermo Fisher Scientific
TMO
$220B
| – | – |
-1,249
| Closed | -$632K |
|
1049
T-Mobile US
TMUS
$190B
| – | – |
-3,998
| Closed | -$560K |
|
1050
Teekay Tankers
TNK
$2.68B
| – | – |
-5,043
| Closed | -$210K |
|
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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.