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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 | |
|---|---|---|---|---|---|---|
1151
Invesco Mortgage Capital
IVR
$805M
| $189K | 0.01% |
+23,981
| New | +$202K |
|
1152
Rocket Companies
RKT
$38.9B
| $189K | 0.01% |
15,641
+3,423
| +28% | +$44.2K |
|
1153
Sabre
SABR
$835M
| $182K | 0.01% |
+64,743
| New | +$229K |
|
1154
Gogo Inc
GOGO
$493M
| $180K | 0.01% |
+20,848
| New | +$163K |
|
1155
WisdomTree
WT
$3.22B
| $178K | 0.01% |
20,008
+9,677
| +94% | +$90.2K |
|
1156
Cogent Biosciences
COGT
$7.24B
| $174K | 0.01% |
+28,982
| New | +$227K |
|
1157
Herbalife
HLF
$1.29B
| $161K | 0.01% |
18,701
-75,915
| -80% | -$540K |
|
|
EQC
1158
DELISTED
Equity Commonwealth
EQC
| $160K | 0.01% |
+99,141
| New | +$167K |
|
|
XIFR
1159
XPLR Infrastructure LP
XIFR
$1.08B
| $153K | 0.01% |
+16,090
| New | +$182K |
|
1160
New Fortress Energy
NFE
$101M
| $150K | 0.01% |
+18,061
| New | +$223K |
|
1161
Wabash National
WNC
$527M
| $149K | 0.01% |
+13,496
| New | +$181K |
|
|
KLC
1162
KinderCare Learning Companies
KLC
$612M
| $141K | 0.01% |
+12,179
| New | +$226K |
|
1163
indie Semiconductor
INDI
$854M
| $141K | 0.01% |
+69,311
| New | +$241K |
|
|
VISN
1164
Vistance Networks Inc
VISN
$2.52B
| $137K | 0.01% |
25,810
-33,087
| -56% | -$176K |
|
|
IRBT
1165
DELISTED
iRobot
IRBT
| $134K | 0.01% |
+49,636
| New | +$358K |
|
1166
Keros Therapeutics
KROS
$221M
| $133K | 0.01% |
+13,015
| New | +$151K |
|
1167
Aehr Test Systems
AEHR
$3.36B
| $131K | 0.01% |
+18,033
| New | +$199K |
|
1168
MediaAlpha
MAX
$821M
| $131K | 0.01% |
14,211
-13,661
| -49% | -$146K |
|
|
SEMR
1169
DELISTED
Semrush
SEMR
| $121K | 0.01% |
12,985
-21,324
| -62% | -$291K |
|
1170
LegalZoom.com
LZ
$988M
| $118K | 0.01% |
+13,659
| New | +$122K |
|
|
AMWD
1171
DELISTED
American Woodmark
AMWD
| $109K | ﹤0.01% |
+18,447
| New | +$1.3M |
|
|
DCH
1172
Dauch Corp
DCH
$1.51B
| $106K | ﹤0.01% |
+26,163
| New | +$134K |
|
1173
Enviri
NVRI
$620M
| $105K | ﹤0.01% |
15,839
+5,769
| +57% | +$45.3K |
|
1174
Certara
CERT
$1.25B
| $105K | ﹤0.01% |
10,597
-66,179
| -86% | -$804K |
|
1175
Children's Place
PLCE
$59.8M
| $93K | ﹤0.01% |
10,645
-97
| -0.9% | -$903 |
|
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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.