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
+6.88%
1 Year Est. Return
+18.74%
3 Year Est. Return
+51.22%
5 Year Est. Return
+55.27%
10 Year Est. Return
–
AUM
$2.66B
AUM Growth
+$149M
Cap. Flow
+$50.1M
Cap. Flow %
1.89%
Top 10 Hldgs %
6.39%
Holding
1,542
New
400
Increased
350
Reduced
355
Closed
431

Top Buys

Rank Stock Value
1
L icon
Loews
L
+$17.8M
2
INDA icon
iShares MSCI India ETF
INDA
+$17.3M
3
EWZ icon
iShares MSCI Brazil ETF
EWZ
+$16.4M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$16.2M
5
WMT icon
Walmart Inc
WMT
+$10M

Top Sells

Rank Stock Value
1
LNG icon
Cheniere Energy
LNG
+$14.9M
2
NVDA icon
NVIDIA
NVDA
+$12.5M
3
BAC icon
Bank of America
BAC
+$12.5M
4
PANW icon
Palo Alto Networks
PANW
+$11.6M
5
AAPL icon
Apple
AAPL
+$10.5M

Sector Composition

Rank Sector Weight
1 Financials 18.09%
2 Industrials 14.85%
3 Technology 14.22%
4 Consumer Discretionary 11.61%
5 Healthcare 8.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AWR icon
176
American States Water
AWR
$3.4B
$4.27M 0.16%
58,196
+44,230
+317% +$3.29M
HOMB icon
177
Home BancShares
HOMB
$6.18B
$4.25M 0.16%
150,210
+68,350
+83% +$1.99M
CALX icon
178
Calix
CALX
$2.36B
$4.23M 0.16%
68,899
+56
+0.1% +$3.23K
OPTU
179
Optimum Communications Inc
OPTU
$315M
$4.22M 0.16%
1,751,724
+1,730,820
+8,280% +$4.25M
EXLS icon
180
EXL Service
EXLS
$5.25B
$4.17M 0.16%
+94,715
New +$4.1M
FLUT icon
181
Flutter Entertainment
FLUT
$16.1B
$4.17M 0.16%
+16,415
New +$4.8M
AAPL icon
182
Apple
AAPL
$4.56T
$4.17M 0.16%
16,358
-46,404
-74% -$10.5M
JBHT icon
183
JB Hunt Transport Services
JBHT
$25.1B
$4.13M 0.16%
30,749
-2,517
-8% -$362K
VAL icon
184
Valaris
VAL
$5.36B
$4.12M 0.16%
+84,524
New +$4.12M
THS
185
DELISTED
Treehouse Foods
THS
$4.12M 0.16%
203,813
+173,899
+581% +$3.3M
IBKR icon
186
Interactive Brokers
IBKR
$38.8B
$4.1M 0.15%
59,527
+8,092
+16% +$509K
CFG icon
187
Citizens Financial Group
CFG
$30.5B
$4.09M 0.15%
77,012
+42,495
+123% +$2.12M
RLI icon
188
RLI Corp
RLI
$5.91B
$4.04M 0.15%
62,011
+27,455
+79% +$1.86M
MSA icon
189
Mine Safety
MSA
$7.48B
$4.03M 0.15%
23,417
-529
-2% -$91.4K
AAMI
190
Acadian Asset Management
AAMI
$3.26B
$4.02M 0.15%
83,543
+49,500
+145% +$2.21M
ECPG icon
191
Encore Capital Group
ECPG
$2.08B
$4M 0.15%
95,945
+28,184
+42% +$1.16M
VICR icon
192
Vicor
VICR
$10.1B
$3.99M 0.15%
80,185
+41,641
+108% +$2.03M
CCL icon
193
Carnival Corporation Ltd
CCL
$39.4B
$3.98M 0.15%
137,614
+81,605
+146% +$2.46M
VRT icon
194
Vertiv
VRT
$106B
$3.98M 0.15%
26,364
+15,773
+149% +$2.1M
BWA icon
195
BorgWarner
BWA
$13.4B
$3.96M 0.15%
+90,085
New +$3.6M
HLI icon
196
Houlihan Lokey
HLI
$8.92B
$3.95M 0.15%
19,258
-4,787
-20% -$939K
DEI icon
197
Douglas Emmett
DEI
$1.93B
$3.95M 0.15%
253,700
-136,734
-35% -$2.14M
CGNX icon
198
Cognex
CGNX
$11.3B
$3.93M 0.15%
86,772
+26,208
+43% +$1.06M
OMC icon
199
Omnicom Group
OMC
$22.6B
$3.93M 0.15%
48,191
+802
+2% +$60.6K
LNG icon
200
Cheniere Energy
LNG
$54.9B
$3.92M 0.15%
16,673
-63,567
-79% -$14.9M
6 7
8
9 10

Similar funds

PL
Parkwood LLC Cleveland, Ohio $1.13B AUM 32.89% 1-Year Est. Return
EC
Estate Counselors Thiensville, Wisconsin $1.12B AUM 20.13% 1-Year Est. Return
AT
American Trust Lexington, Kentucky $1.13B AUM 17.56% 1-Year Est. Return
WM
WS Management Jacksonville, Florida $1.13B AUM 53.44% 1-Year Est. Return
SL
Salomon & Ludwin Richmond, Virginia $1.12B AUM 14.38% 1-Year Est. Return
OHIF
Oriental Harbor Investment Fund Hong Kong $1.13B AUM 70.63% 1-Year Est. Return
HMCP
Hook Mill Capital Partners New York $1.13B AUM 31.32% 1-Year Est. Return
C
Chescapmanager Baltimore, Maryland $1.12B AUM 67.49% 1-Year Est. Return

Dark Forest Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Dark Forest Capital Management held 1,542 positions worth $2.66B, up 6% from $2.51B the previous quarter. Its ten largest holdings account for 6.4% of the portfolio.

Dark Forest Capital Management's Q3 2025 filing shows 400 new, 350 increased, 355 reduced and 431 closed positions. Its largest new stake was iShares MSCI India ETF: 324,340 shares worth $16.9M. The largest sale was Cheniere Energy, an estimated $14.9M.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Industrials and Technology.

  • Dark Forest Capital Management's largest Q3 2025 buy was iShares MSCI India ETF: 324,340 shares worth $16.9M.
  • Dark Forest Capital Management added most to Loews in Q3 2025, an estimated $17.8M increase.
  • Dark Forest Capital Management's biggest Q3 2025 reduction was Cheniere Energy, cutting an estimated $14.9M.
  • Dark Forest Capital Management fully exited Bank of America in Q3 2025, selling an estimated $12.5M.
  • Dark Forest Capital Management's ten largest holdings make up 6.4% of its $2.66B portfolio in Q3 2025.
  • Dark Forest Capital Management opened 400 new positions and closed 431 in Q3 2025.
  • Dark Forest Capital Management's portfolio value rose 6% quarter-over-quarter to $2.66B.

Based on Dark Forest Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.