We are live on
!
Find out more
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 | |
|---|---|---|---|---|---|---|
1176
Petco
WOOF
$794M
| $92.4K | ﹤0.01% |
30,288
-2,455
| -7% | -$7.69K |
|
1177
Ironwood Pharmaceuticals
IRWD
$714M
| $91.2K | ﹤0.01% |
62,019
+8,243
| +15% | +$19.6K |
|
1178
Rocket Pharmaceuticals
RCKT
$394M
| $86.8K | ﹤0.01% |
+13,019
| New | +$129K |
|
1179
Gray Television
GTN
$552M
| $84.4K | ﹤0.01% |
+19,537
| New | +$76.8K |
|
|
NAGE
1180
Niagen Bioscience
NAGE
$247M
| $78.9K | ﹤0.01% |
+11,431
| New | +$71.8K |
|
1181
Ecovyst
ECVT
$1.14B
| $70.4K | ﹤0.01% |
11,348
-59,117
| -84% | -$438K |
|
1182
Emergent Biosolutions
EBS
$248M
| $65.9K | ﹤0.01% |
+13,566
| New | +$112K |
|
1183
SkinHealth Systems
SKIN
$85.7M
| $65.7K | ﹤0.01% |
+49,034
| New | +$74.8K |
|
1184
Clover Health Investments
CLOV
$2.51B
| $52.5K | ﹤0.01% |
14,612
-17,645
| -55% | -$70.9K |
|
1185
Leslie's
LESL
$11M
| $47.8K | ﹤0.01% |
3,247
-1,382
| -30% | -$42.4K |
|
1186
Definitive Healthcare
DH
$75.3M
| $47.1K | ﹤0.01% |
+16,287
| New | +$66.1K |
|
1187
Iovance Biotherapeutics
IOVA
$2.87B
| $45.4K | ﹤0.01% |
13,645
-3,257
| -19% | -$16.8K |
|
1188
iHeartMedia
IHRT
$583M
| $43.6K | ﹤0.01% |
+26,437
| New | +$53.2K |
|
|
HPP
1189
Hudson Pacific Properties
HPP
$779M
| $31.7K | ﹤0.01% |
1,533
-350
| -19% | -$7.32K |
|
1190
Gerdau
GGB
$9.7B
| $30.1K | ﹤0.01% |
+10,611
| New | +$31K |
|
1191
Plug Power
PLUG
$3.04B
| $24.9K | ﹤0.01% |
18,425
-13,699
| -43% | -$26K |
|
1192
Editas Medicine
EDIT
$442M
| $16.4K | ﹤0.01% |
14,105
-18,682
| -57% | -$27.5K |
|
1193
Allogene Therapeutics
ALLO
$694M
| $15.9K | ﹤0.01% |
+10,879
| New | +$20.5K |
|
1194
Blink Charging
BLNK
$87.9M
| $13.4K | ﹤0.01% |
+14,633
| New | +$16.9K |
|
1195
GoPro
GPRO
$126M
| $10K | ﹤0.01% |
15,082
| – | – |
|
1196
Coherus Oncology
CHRS
$196M
| $8.88K | ﹤0.01% |
11,002
+645
| +6% | +$742 |
|
1197
Alcoa
AA
$13.2B
| – | – |
-21,498
| Closed | -$812K |
|
1198
Advance Auto Parts
AAP
$3.49B
| – | – |
-9,355
| Closed | -$442K |
|
1199
AbbVie
ABBV
$435B
| – | – |
-4,235
| Closed | -$753K |
|
1200
Arcosa
ACA
$7.11B
| – | – |
-2,288
| Closed | -$221K |
|
Similar funds
PL
AT
WM
OHIF
HMCP
C
ACM
CNC
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.