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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 | |
|---|---|---|---|---|---|---|
1426
Olin
OLN
$2.14B
| – | – |
-37,434
| Closed | -$907K |
|
1427
Omnicell
OMCL
$1.64B
| – | – |
-42,973
| Closed | -$1.5M |
|
1428
Ormat Technologies
ORA
$6.6B
| – | – |
-42,221
| Closed | -$2.99M |
|
1429
Oshkosh
OSK
$9.47B
| – | – |
-3,307
| Closed | -$311K |
|
1430
Otter Tail
OTTR
$3.91B
| – | – |
-10,216
| Closed | -$821K |
|
1431
Penske Automotive Group
PAG
$14.2B
| – | – |
-21,115
| Closed | -$3.04M |
|
1432
UiPath
PATH
$7.25B
| – | – |
-32,706
| Closed | -$337K |
|
1433
Paymentus
PAY
$5.05B
| – | – |
-47,055
| Closed | -$1.23M |
|
1434
Pitney Bowes
PBI
$2.46B
| – | – |
-153,553
| Closed | -$1.39M |
|
1435
PACCAR
PCAR
$69.5B
| – | – |
-2,652
| Closed | -$258K |
|
1436
Public Service Enterprise Group
PEG
$37.4B
| – | – |
-24,688
| Closed | -$2.03M |
|
1437
Preferred Bank
PFBC
$1.25B
| – | – |
-13,401
| Closed | -$1.12M |
|
1438
Pfizer
PFE
$149B
| – | – |
-54,674
| Closed | -$1.39M |
|
1439
Procter & Gamble
PG
$342B
| – | – |
-10,805
| Closed | -$1.84M |
|
|
PGRE
1440
DELISTED
Paramount Group
PGRE
| – | – |
-44,162
| Closed | -$190K |
|
1441
Phinia Inc
PHIN
$2.74B
| – | – |
-34,886
| Closed | -$1.48M |
|
|
PINC
1442
DELISTED
Premier
PINC
| – | – |
-20,965
| Closed | -$404K |
|
1443
Pinterest
PINS
$13.2B
| – | – |
-11,386
| Closed | -$353K |
|
1444
Piper Sandler
PIPR
$5.02B
| – | – |
-3,916
| Closed | -$242K |
|
1445
Photronics
PLAB
$1.88B
| – | – |
-74,447
| Closed | -$1.55M |
|
1446
Children's Place
PLCE
$58.9M
| – | – |
-10,645
| Closed | -$93K |
|
1447
Palomar
PLMR
$3.63B
| – | – |
-3,260
| Closed | -$447K |
|
1448
Plug Power
PLUG
$2.89B
| – | – |
-18,425
| Closed | -$24.9K |
|
|
PLYM
1449
DELISTED
Plymouth Industrial REIT
PLYM
| – | – |
-69,667
| Closed | -$1.14M |
|
1450
Philip Morris
PM
$293B
| – | – |
-9,317
| Closed | -$1.48M |
|
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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.