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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 | |
|---|---|---|---|---|---|---|
1076
Rithm Capital
RITM
$5.69B
| $286K | 0.01% |
25,000
-74,982
| -75% | -$867K |
|
1077
Duolingo
DUOL
$6.12B
| $286K | 0.01% |
+920
| New | +$315K |
|
1078
Entegris
ENTG
$23.2B
| $286K | 0.01% |
3,264
-43,337
| -93% | -$4.37M |
|
1079
Nomad Foods
NOMD
$1.68B
| $284K | 0.01% |
+14,443
| New | +$264K |
|
1080
Mettler-Toledo International
MTD
$28.6B
| $281K | 0.01% |
238
-157
| -40% | -$201K |
|
1081
Phreesia
PHR
$773M
| $281K | 0.01% |
+10,975
| New | +$298K |
|
1082
Four Corners Property Trust
FCPT
$2.75B
| $280K | 0.01% |
9,757
+1,660
| +21% | +$46.4K |
|
1083
EVgo
EVGO
$229M
| $280K | 0.01% |
105,270
+66,981
| +175% | +$207K |
|
1084
CorVel
CRVL
$3.19B
| $274K | 0.01% |
2,443
+228
| +10% | +$25.5K |
|
1085
Webster Financial
WBS
$12.8B
| $273K | 0.01% |
+5,298
| New | +$295K |
|
|
AIOT
1086
PowerFleet Inc
AIOT
$592M
| $271K | 0.01% |
+49,318
| New | +$316K |
|
1087
Grand Canyon Education
LOPE
$3.98B
| $270K | 0.01% |
+1,558
| New | +$270K |
|
1088
NextDecade
NEXT
$1.78B
| $269K | 0.01% |
+34,575
| New | +$279K |
|
|
WBTN
1089
WEBTOON Entertainment Inc
WBTN
$1.21B
| $269K | 0.01% |
+35,066
| New | +$383K |
|
1090
PubMatic
PUBM
$810M
| $268K | 0.01% |
+29,356
| New | +$387K |
|
|
ONT
1091
Onterris Inc
ONT
$580M
| $267K | 0.01% |
+18,758
| New | +$357K |
|
1092
Alpha Metallurgical Resources
AMR
$1.93B
| $267K | 0.01% |
+2,131
| New | +$347K |
|
1093
Cardinal Health
CAH
$55.4B
| $266K | 0.01% |
+1,933
| New | +$246K |
|
1094
KKR & Co
KKR
$92.3B
| $265K | 0.01% |
+2,294
| New | +$316K |
|
1095
Live Nation Entertainment
LYV
$42.1B
| $265K | 0.01% |
+2,028
| New | +$277K |
|
1096
Adecoagro
AGRO
$1.36B
| $263K | 0.01% |
+23,564
| New | +$242K |
|
1097
CACI
CACI
$14.2B
| $262K | 0.01% |
713
+128
| +22% | +$49K |
|
1098
Prothena Corp
PRTA
$450M
| $261K | 0.01% |
+21,059
| New | +$298K |
|
1099
Adobe
ADBE
$105B
| $259K | 0.01% |
675
-733
| -52% | -$314K |
|
1100
Qfin Holdings
QFIN
$1.61B
| $259K | 0.01% |
+5,759
| New | +$238K |
|
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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.