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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 | |
|---|---|---|---|---|---|---|
1026
National Bank Holdings
NBHC
$1.9B
| $346K | 0.02% |
+9,050
| New | +$377K |
|
1027
Evolent Health
EVH
$447M
| $346K | 0.02% |
+36,534
| New | +$369K |
|
|
SARO
1028
StandardAero Inc
SARO
$9.7B
| $345K | 0.02% |
+12,934
| New | +$345K |
|
|
LNW
1029
DELISTED
Light & Wonder
LNW
| $343K | 0.02% |
+3,965
| New | +$382K |
|
1030
American Electric Power
AEP
$68.4B
| $343K | 0.02% |
3,142
-1,395
| -31% | -$141K |
|
|
ECG
1031
Everus Construction Group
ECG
$6.99B
| $342K | 0.02% |
+9,217
| New | +$496K |
|
1032
Evergy
EVRG
$19.2B
| $342K | 0.02% |
4,955
-3,938
| -44% | -$258K |
|
1033
UiPath
PATH
$7.8B
| $337K | 0.02% |
+32,706
| New | +$421K |
|
1034
Alamo Group
ALG
$2.05B
| $336K | 0.02% |
1,887
-2,464
| -57% | -$453K |
|
1035
Nabors Industries
NBR
$1.21B
| $334K | 0.02% |
+8,000
| New | +$407K |
|
1036
Hyatt Hotels
H
$16.7B
| $333K | 0.02% |
+2,718
| New | +$391K |
|
1037
STAAR Surgical
STAA
$1.21B
| $330K | 0.02% |
18,739
-6,785
| -27% | -$136K |
|
1038
Green Brick Partners
GRBK
$3.14B
| $330K | 0.02% |
5,658
-10,296
| -65% | -$609K |
|
1039
10x Genomics
TXG
$6.61B
| $329K | 0.01% |
37,672
-48,832
| -56% | -$616K |
|
1040
American Financial Group
AFG
$12.1B
| $328K | 0.01% |
+2,499
| New | +$323K |
|
1041
FB Financial Corp
FBK
$3.04B
| $328K | 0.01% |
+7,070
| New | +$354K |
|
1042
Voya Financial
VOYA
$9.19B
| $327K | 0.01% |
+4,828
| New | +$338K |
|
|
SEE
1043
DELISTED
Sealed Air
SEE
| $324K | 0.01% |
+11,201
| New | +$367K |
|
1044
Extreme Networks
EXTR
$3.15B
| $322K | 0.01% |
24,375
-5,458
| -18% | -$85.5K |
|
1045
IDEAYA Biosciences
IDYA
$3.56B
| $322K | 0.01% |
+19,673
| New | +$419K |
|
1046
Global Net Lease
GNL
$1.95B
| $322K | 0.01% |
+40,068
| New | +$301K |
|
1047
Vanguard Morningstar Total Stock Market ETF
VTI
$691B
| $322K | 0.01% |
1,170
+82
| +8% | +$23.8K |
|
1048
Mohawk Industries
MHK
$9.22B
| $321K | 0.01% |
2,814
+618
| +28% | +$73.7K |
|
1049
Sarepta Therapeutics
SRPT
$1.77B
| $318K | 0.01% |
+4,982
| New | +$524K |
|
1050
Mineralys Therapeutics
MLYS
$2.41B
| $318K | 0.01% |
+20,005
| New | +$230K |
|
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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.