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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 | |
|---|---|---|---|---|---|---|
1226
Clorox
CLX
$12.9B
| – | – |
-3,232
| Closed | -$476K |
|
1227
Commercial Metals
CMC
$8.24B
| – | – |
-23,597
| Closed | -$1.09M |
|
1228
Comcast
CMCSA
$89.7B
| – | – |
-10,933
| Closed | -$403K |
|
|
GPGI
1229
GPGI Inc
GPGI
$4.41B
| – | – |
-121,813
| Closed | -$1.32M |
|
1230
Centene
CNC
$32.8B
| – | – |
-20,534
| Closed | -$1.25M |
|
1231
CNX Resources
CNX
$5.19B
| – | – |
-55,564
| Closed | -$1.75M |
|
1232
Compass Diversified
CODI
$833M
| – | – |
-27,840
| Closed | -$520K |
|
1233
Cogent Biosciences
COGT
$7.19B
| – | – |
-28,982
| Closed | -$174K |
|
1234
Coinbase
COIN
$40.4B
| – | – |
-20,597
| Closed | -$3.55M |
|
|
VISN
1235
Vistance Networks Inc
VISN
$2.38B
| – | – |
-25,810
| Closed | -$137K |
|
|
COOP
1236
DELISTED
Mr. Cooper
COOP
| – | – |
-17,000
| Closed | -$2.03M |
|
1237
Core Scientific
CORZ
$6.76B
| – | – |
-218,204
| Closed | -$1.58M |
|
1238
CRA International
CRAI
$1.13B
| – | – |
-1,343
| Closed | -$233K |
|
|
1239
CRH
CRH
$66.2B
| – | – |
-271,110
| Closed | -$23.8M |
|
1240
Salesforce
CRM
$158B
| – | – |
-2,120
| Closed | -$569K |
|
|
CSGS
1241
DELISTED
CSG Systems International
CSGS
| – | – |
-4,878
| Closed | -$295K |
|
1242
Carlisle Companies
CSL
$15.5B
| – | – |
-3,747
| Closed | -$1.28M |
|
1243
Constellium
CSTM
$3.98B
| – | – |
-306,848
| Closed | -$3.1M |
|
1244
Castle Biosciences
CSTL
$961M
| – | – |
-51,855
| Closed | -$1.04M |
|
1245
Crane NXT
CXT
$3.06B
| – | – |
-24,026
| Closed | -$1.23M |
|
1246
Diebold Nixdorf
DBD
$2.55B
| – | – |
-21,484
| Closed | -$939K |
|
1247
DigitalBridge
DBRG
$2.95B
| – | – |
-143,129
| Closed | -$1.26M |
|
1248
Dropbox
DBX
$8.19B
| – | – |
-163,542
| Closed | -$4.37M |
|
1249
Deckers Outdoor
DECK
$13.4B
| – | – |
-20,588
| Closed | -$2.3M |
|
|
DESP
1250
DELISTED
Despegar.com
DESP
| – | – |
-16,113
| Closed | -$303K |
|
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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.