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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 | |
|---|---|---|---|---|---|---|
1051
Toast
TOST
$19.9B
| – | – |
-51,746
| Closed | -$969K |
|
|
TPIC
1052
DELISTED
TPI Composites
TPIC
| – | – |
-256,700
| Closed | -$680K |
|
1053
Tapestry
TPR
$32.8B
| – | – |
-10,640
| Closed | -$306K |
|
1054
Trimble
TRMB
$13.9B
| – | – |
-34,638
| Closed | -$1.87M |
|
1055
Trustmark
TRMK
$2.75B
| – | – |
-12,563
| Closed | -$273K |
|
1056
Trinity Industries
TRN
$2.38B
| – | – |
-43,557
| Closed | -$1.06M |
|
1057
Tronox
TROX
$1.04B
| – | – |
-48,189
| Closed | -$648K |
|
1058
TransUnion
TRU
$15.3B
| – | – |
-13,497
| Closed | -$969K |
|
1059
Trupanion
TRUP
$1.18B
| – | – |
-7,772
| Closed | -$219K |
|
|
TSE
1060
DELISTED
Trinseo
TSE
| – | – |
-42,231
| Closed | -$345K |
|
1061
TETRA Technologies
TTI
$1.26B
| – | – |
-17,084
| Closed | -$109K |
|
1062
Travere Therapeutics
TVTX
$5.78B
| – | – |
-28,083
| Closed | -$251K |
|
1063
Twilio
TWLO
$36.6B
| – | – |
-22,471
| Closed | -$1.32M |
|
1064
Twist Bioscience
TWST
$7.25B
| – | – |
-29,451
| Closed | -$597K |
|
1065
Texas Instruments
TXN
$261B
| – | – |
-10,909
| Closed | -$1.73M |
|
1066
Texas Roadhouse
TXRH
$13.7B
| – | – |
-10,300
| Closed | -$990K |
|
1067
United Airlines
UAL
$42.1B
| – | – |
-81,124
| Closed | -$3.43M |
|
1068
United Bankshares
UBSI
$6.62B
| – | – |
-17,929
| Closed | -$495K |
|
|
UCTT
1069
Ultra Clean Holdings
UCTT
$3.95B
| – | – |
-46,565
| Closed | -$1.38M |
|
|
UDMY
1070
DELISTED
Udemy
UDMY
| – | – |
-33,821
| Closed | -$321K |
|
1071
UDR
UDR
$12.3B
| – | – |
-19,065
| Closed | -$680K |
|
1072
Urban Edge Properties
UE
$2.73B
| – | – |
-81,076
| Closed | -$1.24M |
|
1073
UGI
UGI
$7.33B
| – | – |
-32,917
| Closed | -$757K |
|
1074
U-Haul Holding Co
UHAL
$14.6B
| – | – |
-14,417
| Closed | -$787K |
|
1075
United Natural Foods
UNFI
$2.85B
| – | – |
-40,695
| Closed | -$575K |
|
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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.