We are live on ! Find out more
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
+6.88%
1 Year Est. Return
+18.74%
3 Year Est. Return
+51.22%
5 Year Est. Return
+55.27%
10 Year Est. Return
–
AUM
$2.66B
AUM Growth
+$149M
Cap. Flow
+$50.1M
Cap. Flow %
1.89%
Top 10 Hldgs %
6.39%
Holding
1,542
New
400
Increased
350
Reduced
355
Closed
431

Top Buys

Rank Stock Value
1
L icon
Loews
L
+$17.8M
2
INDA icon
iShares MSCI India ETF
INDA
+$17.3M
3
EWZ icon
iShares MSCI Brazil ETF
EWZ
+$16.4M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$16.2M
5
WMT icon
Walmart Inc
WMT
+$10M

Top Sells

Rank Stock Value
1
LNG icon
Cheniere Energy
LNG
+$14.9M
2
NVDA icon
NVIDIA
NVDA
+$12.5M
3
BAC icon
Bank of America
BAC
+$12.5M
4
PANW icon
Palo Alto Networks
PANW
+$11.6M
5
AAPL icon
Apple
AAPL
+$10.5M

Sector Composition

Rank Sector Weight
1 Financials 18.09%
2 Industrials 14.85%
3 Technology 14.22%
4 Consumer Discretionary 11.61%
5 Healthcare 8.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OMDA
1026
Omada Health Inc
OMDA
$1.41B
$295K 0.01%
+13,347
New +$273K
RACE icon
1027
Ferrari
RACE
$72.5B
$295K 0.01%
607
-691
-53% -$331K
ACHR icon
1028
Archer Aviation
ACHR
$4.26B
$294K 0.01%
30,712
+7,818
+34% +$77.4K
VMEO
1029
DELISTED
Vimeo
VMEO
$292K 0.01%
37,693
-120,549
-76% -$593K
PLUS icon
1030
ePlus
PLUS
$2.34B
$292K 0.01%
4,107
-20,633
-83% -$1.45M
HLT icon
1031
Hilton Worldwide
HLT
$71.5B
$291K 0.01%
+1,123
New +$304K
HNGE
1032
Hinge Health
HNGE
$7.21B
$290K 0.01%
+5,912
New +$309K
FHB icon
1033
First Hawaiian
FHB
$3.35B
$290K 0.01%
11,682
-49,936
-81% -$1.26M
TSLA icon
1034
Tesla
TSLA
$1.3T
$290K 0.01%
652
-1,074
-62% -$373K
GBTG icon
1035
American Express Global Business Travel
GBTG
$4.94B
$290K 0.01%
+35,871
New +$266K
WST icon
1036
West Pharmaceutical
WST
$24.9B
$289K 0.01%
+1,103
New +$268K
CARR icon
1037
Carrier Global
CARR
$52.8B
$287K 0.01%
+4,805
New +$326K
QGEN icon
1038
Qiagen
QGEN
$8.72B
$283K 0.01%
+6,338
New +$303K
VTLE
1039
DELISTED
Vital Energy
VTLE
$282K 0.01%
16,708
-48,762
-74% -$824K
SMR icon
1040
NuScale Power
SMR
$4.03B
$281K 0.01%
+7,807
New +$311K
EOSE icon
1041
Eos Energy Enterprises
EOSE
$1.51B
$280K 0.01%
24,562
-124,745
-84% -$853K
PD icon
1042
PagerDuty
PD
$902M
$278K 0.01%
16,806
-157,361
-90% -$2.5M
CAL icon
1043
Caleres
CAL
$487M
$275K 0.01%
21,125
-83,648
-80% -$1.21M
PRCH icon
1044
Porch Group
PRCH
$1.8B
$274K 0.01%
16,326
-26,887
-62% -$413K
RDW icon
1045
Redwire
RDW
$3.25B
$274K 0.01%
30,445
-72,512
-70% -$848K
TEM
1046
Tempus AI
TEM
$9.39B
$272K 0.01%
3,375
-1,531
-31% -$107K
LIF
1047
Life360
LIF
$5.12B
$269K 0.01%
+2,526
New +$213K
PRCT icon
1048
Procept Biorobotics
PRCT
$1.17B
$266K 0.01%
7,453
-32,666
-81% -$1.49M
BTU icon
1049
Peabody Energy
BTU
$2.9B
$265K 0.01%
10,008
-90,652
-90% -$1.62M
IART icon
1050
Integra LifeSciences
IART
$1.34B
$265K 0.01%
18,502
-151,723
-89% -$2.08M
40 41
42
43 44

Similar funds

PL
Parkwood LLC Cleveland, Ohio $1.13B AUM 32.89% 1-Year Est. Return
AT
American Trust Lexington, Kentucky $1.13B AUM 17.56% 1-Year Est. Return
WM
WS Management Jacksonville, Florida $1.13B AUM 53.44% 1-Year Est. Return
OHIF
Oriental Harbor Investment Fund Hong Kong $1.13B AUM 70.63% 1-Year Est. Return
HMCP
Hook Mill Capital Partners New York $1.13B AUM 31.32% 1-Year Est. Return
C
Chescapmanager Baltimore, Maryland $1.12B AUM 67.49% 1-Year Est. Return
ACM
Alua Capital Management New York $1.13B AUM 8.41% 1-Year Est. Return
CNC
Canandaigua National Corp Canandaigua, New York $1.12B AUM

Dark Forest Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Dark Forest Capital Management held 1,542 positions worth $2.66B, up 6% from $2.51B the previous quarter. Its ten largest holdings account for 6.4% of the portfolio.

Dark Forest Capital Management's Q3 2025 filing shows 400 new, 350 increased, 355 reduced and 431 closed positions. Its largest new stake was iShares MSCI India ETF: 324,340 shares worth $16.9M. The largest sale was Cheniere Energy, an estimated $14.9M.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Industrials and Technology.

  • Dark Forest Capital Management's largest Q3 2025 buy was iShares MSCI India ETF: 324,340 shares worth $16.9M.
  • Dark Forest Capital Management added most to Loews in Q3 2025, an estimated $17.8M increase.
  • Dark Forest Capital Management's biggest Q3 2025 reduction was Cheniere Energy, cutting an estimated $14.9M.
  • Dark Forest Capital Management fully exited Bank of America in Q3 2025, selling an estimated $12.5M.
  • Dark Forest Capital Management's ten largest holdings make up 6.4% of its $2.66B portfolio in Q3 2025.
  • Dark Forest Capital Management opened 400 new positions and closed 431 in Q3 2025.
  • Dark Forest Capital Management's portfolio value rose 6% quarter-over-quarter to $2.66B.

Based on Dark Forest Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.