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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
+8.95%
1 Year Est. Return
+18.74%
3 Year Est. Return
+51.22%
5 Year Est. Return
+55.27%
10 Year Est. Return
–
AUM
$2.51B
AUM Growth
+$308M
(+14%)
Cap. Flow
+$165M
Cap. Flow
% of AUM
6.6%
Top 10 Holdings %
Top 10 Hldgs %
6.12%
Holding
1,581
New
385
Increased
403
Reduced
352
Closed
439
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Simon Property Group
SPG
|
+$15M |
| 2 |
Graco
GGG
|
+$10.2M |
| 3 |
iShares TIPS Bond ETF
TIP
|
+$10M |
| 4 |
Kraft Heinz
KHC
|
+$9.33M |
| 5 |
Phillips 66
PSX
|
+$8.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CRH
CRH
|
+$23.8M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$23.6M |
| 3 |
Cheniere Energy
LNG
|
+$13.2M |
| 4 |
Amcor
AMCR
|
+$9.83M |
| 5 |
LivaNova
LIVN
|
+$9.42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.68% |
| 2 | Technology | 15.03% |
| 3 | Industrials | 14.39% |
| 4 | Consumer Discretionary | 11.22% |
| 5 | Healthcare | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1076
Hyster-Yale Materials Handling
HY
$663M
| $222K | 0.01% |
5,583
-5,149
| -48% | -$205K |
|
1077
JELD-WEN Holding
JELD
$164M
| $221K | 0.01% |
+56,502
| New | +$252K |
|
1078
O-I Glass
OI
$1.08B
| $220K | 0.01% |
14,952
-120,378
| -89% | -$1.54M |
|
1079
Valley National Bancorp
VLY
$8.04B
| $220K | 0.01% |
24,649
-73,871
| -75% | -$641K |
|
1080
Impinj
PI
$5.6B
| $220K | 0.01% |
+1,979
| New | +$197K |
|
|
THR
1081
DELISTED
Thermon Group Holdings
THR
| $220K | 0.01% |
+7,818
| New | +$212K |
|
1082
Paysafe
PSFE
$375M
| $219K | 0.01% |
+17,316
| New | +$237K |
|
1083
Southwest Airlines
LUV
$23B
| $218K | 0.01% |
+6,728
| New | +$203K |
|
1084
Verra Mobility
VRRM
$741M
| $214K | 0.01% |
+8,416
| New | +$196K |
|
1085
Marathon Petroleum
MPC
$83.7B
| $211K | 0.01% |
+1,268
| New | +$190K |
|
1086
Phreesia
PHR
$773M
| $210K | 0.01% |
7,373
-3,602
| -33% | -$91.4K |
|
1087
UL Solutions
ULS
$15.8B
| $209K | 0.01% |
2,864
-45,226
| -94% | -$2.96M |
|
|
ECHO
1088
EchoStar
ECHO
$26.2B
| $208K | 0.01% |
+7,500
| New | +$165K |
|
1089
Dyne Therapeutics
DYN
$4.91B
| $203K | 0.01% |
21,284
-87,090
| -80% | -$959K |
|
1090
Zurn Elkay Water Solutions
ZWS
$8.53B
| $202K | 0.01% |
+5,529
| New | +$190K |
|
1091
Prothena Corp
PRTA
$458M
| $199K | 0.01% |
32,866
+11,807
| +56% | +$88.6K |
|
1092
NextNav
NN
$2.23B
| $189K | 0.01% |
12,446
-48,022
| -79% | -$616K |
|
1093
Shoals Technologies Group
SHLS
$1.5B
| $188K | 0.01% |
+44,349
| New | +$193K |
|
1094
TeraWulf
WULF
$8.52B
| $187K | 0.01% |
42,727
-347,173
| -89% | -$1.19M |
|
|
BBBY
1095
Bed Bath & Beyond
BBBY
$441M
| $185K | 0.01% |
+29,565
| New | +$143K |
|
1096
AMC Global Media
AMCX
$489M
| $182K | 0.01% |
+29,024
| New | +$183K |
|
1097
InMode
INMD
$881M
| $167K | 0.01% |
+11,575
| New | +$170K |
|
|
SFIX
1098
Stitch Fix
SFIX
$562M
| $164K | 0.01% |
+44,352
| New | +$166K |
|
1099
Portillo's
PTLO
$321M
| $155K | 0.01% |
+13,296
| New | +$153K |
|
|
FINV
1100
FinVolution Group
FINV
$1.15B
| $154K | 0.01% |
+16,276
| New | +$139K |
|
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Dark Forest Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Dark Forest Capital Management held 1,581 positions worth $2.51B, up 14% from $2.2B the previous quarter. Its ten largest holdings account for 6.1% of the portfolio.
Dark Forest Capital Management deployed $165M of net new capital in Q2 2025, opening 385 new positions and adding to 403 existing holdings. Its largest new stake was iShares TIPS Bond ETF: 91,743 shares worth $10.1M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Cheniere Energy, an estimated $13.2M trimmed.
- Dark Forest Capital Management's largest Q2 2025 buy was iShares TIPS Bond ETF: 91,743 shares worth $10.1M.
- Dark Forest Capital Management added most to Simon Property Group in Q2 2025, an estimated $15M increase.
- Dark Forest Capital Management's biggest Q2 2025 reduction was Cheniere Energy, cutting an estimated $13.2M.
- Dark Forest Capital Management fully exited CRH in Q2 2025, selling an estimated $23.8M.
- Dark Forest Capital Management's ten largest holdings make up 6.1% of its $2.51B portfolio in Q2 2025.
- Dark Forest Capital Management opened 385 new positions and closed 439 in Q2 2025.
- Dark Forest Capital Management's portfolio value rose 14% quarter-over-quarter to $2.51B.
Based on Dark Forest Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.