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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 | |
|---|---|---|---|---|---|---|
1101
Chefs' Warehouse
CHEF
$4.5B
| $259K | 0.01% |
+4,749
| New | +$265K |
|
1102
PACCAR
PCAR
$70.1B
| $258K | 0.01% |
+2,652
| New | +$280K |
|
1103
CoStar Group
CSGP
$12.3B
| $257K | 0.01% |
+3,246
| New | +$247K |
|
1104
Helix Energy Solutions
HLX
$1.41B
| $252K | 0.01% |
+30,382
| New | +$256K |
|
1105
Mueller Water Products
MWA
$4.16B
| $252K | 0.01% |
9,899
-117,282
| -92% | -$2.94M |
|
1106
Intel
INTC
$513B
| $251K | 0.01% |
+11,060
| New | +$242K |
|
|
CIM
1107
Chimera Investment
CIM
$1B
| $250K | 0.01% |
19,500
-4,485
| -19% | -$63K |
|
|
VNET
1108
VNET Group
VNET
$2.09B
| $249K | 0.01% |
+30,349
| New | +$278K |
|
1109
Cohen & Steers
CNS
$4.3B
| $248K | 0.01% |
+3,092
| New | +$264K |
|
1110
Arcturus Therapeutics
ARCT
$211M
| $247K | 0.01% |
+23,351
| New | +$371K |
|
1111
Humana
HUM
$46.2B
| $245K | 0.01% |
+926
| New | +$250K |
|
|
SEM
1112
DELISTED
Select Medical
SEM
| $245K | 0.01% |
14,642
-37,828
| -72% | -$696K |
|
1113
BioCryst Pharmaceuticals
BCRX
$2.4B
| $243K | 0.01% |
32,464
+2,771
| +9% | +$22.4K |
|
1114
Piper Sandler
PIPR
$5.29B
| $242K | 0.01% |
+3,916
| New | +$280K |
|
1115
Aspen Aerogels
ASPN
$518M
| $240K | 0.01% |
+37,520
| New | +$362K |
|
1116
Medifast
MED
$141M
| $237K | 0.01% |
+17,615
| New | +$265K |
|
1117
Kosmos Energy
KOS
$1.48B
| $237K | 0.01% |
103,893
+31,424
| +43% | +$92.7K |
|
1118
Citizens Financial Group
CFG
$30.6B
| $236K | 0.01% |
+5,763
| New | +$257K |
|
1119
Conagra Brands
CAG
$7.23B
| $235K | 0.01% |
+8,829
| New | +$228K |
|
1120
Fortrea Holdings
FTRE
$1.75B
| $234K | 0.01% |
+31,018
| New | +$438K |
|
1121
Dick's Sporting Goods
DKS
$18.7B
| $234K | 0.01% |
1,161
-694
| -37% | -$155K |
|
1122
SentinelOne
S
$7.34B
| $234K | 0.01% |
+12,844
| New | +$279K |
|
1123
Autoliv
ALV
$9B
| $233K | 0.01% |
+2,633
| New | +$251K |
|
1124
Rambus
RMBS
$11B
| $233K | 0.01% |
+4,497
| New | +$264K |
|
1125
CRA International
CRAI
$1.06B
| $233K | 0.01% |
+1,343
| New | +$249K |
|
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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.