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
Cap. Flow
+$1.68B
Cap. Flow %
76.49%
Top 10 Hldgs %
7.16%
Holding
1,491
New
604
Increased
497
Reduced
92
Closed
295

Top Buys

Rank Stock Value
1
LNG icon
Cheniere Energy
LNG
+$27.3M
2
CRH icon
CRH
CRH
+$12.6M
3
MSFT icon
Microsoft
MSFT
+$12.2M
4
AMCR icon
Amcor
AMCR
+$12.2M
5
LIVN icon
LivaNova
LIVN
+$11.2M

Top Sells

Rank Stock Value
1
TTD icon
Trade Desk
TTD
+$9.58M
2
APP icon
Applovin
APP
+$6.9M
3
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$5M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$4.89M
5
GWRE icon
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
LNG icon
1
Cheniere Energy
LNG
$56.5B
$31.8M 1.44%
137,385
+121,083
+743% +$27.3M
CRH icon
2
CRH
CRH
$66.7B
$23.8M 1.08%
271,110
+127,852
+89% +$12.6M
GOOGL icon
3
Alphabet (Google) Class A
GOOGL
$3.91T
$23.6M 1.07%
152,604
+51,616
+51% +$9.36M
AMCR icon
4
Amcor
AMCR
$20.6B
$13.3M 0.6%
273,821
+248,042
+962% +$12.2M
AXS icon
5
AXIS Capital
AXS
$8.59B
$11.7M 0.53%
116,239
+98,915
+571% +$9.13M
MSFT icon
6
Microsoft
MSFT
$2.84T
$11.5M 0.52%
30,699
+30,042
+4,573% +$12.2M
SPY icon
7
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$11.2M 0.51%
+20,000
New +$11.8M
LIVN icon
8
LivaNova
LIVN
$4.3B
$10.8M 0.49%
275,054
+249,107
+960% +$11.2M
ORI icon
9
Old Republic International
ORI
$10.3B
$10.5M 0.48%
266,913
+222,854
+506% +$8.17M
PANW icon
10
Palo Alto Networks
PANW
$264B
$9.54M 0.43%
+55,911
New +$10.3M
COP icon
11
ConocoPhillips
COP
$147B
$9.44M 0.43%
89,849
+77,933
+654% +$7.77M
ATMU icon
12
Atmus Filtration Technologies
ATMU
$4.37B
$9.31M 0.42%
253,532
+181,750
+253% +$7.17M
AAPL icon
13
Apple
AAPL
$4.89T
$8.88M 0.4%
+39,979
New +$9.26M
SCCO icon
14
Southern Copper
SCCO
$141B
$8.83M 0.4%
+99,011
New +$8.89M
ALSN icon
15
Allison Transmission
ALSN
$10.1B
$8.65M 0.39%
90,372
+66,985
+286% +$7.11M
AMZN icon
16
Amazon
AMZN
$2.5T
$8.48M 0.39%
44,579
+41,081
+1,174% +$8.91M
ITW icon
17
Illinois Tool Works
ITW
$81.4B
$8.01M 0.36%
32,297
+31,120
+2,644% +$8M
IWM icon
18
PUT
iShares Russell 2000 ETF
IWM
$80.9B
$7.98M 0.36%
+40,000
New +$8.68M
CPT icon
19
Camden Property Trust
CPT
$11.3B
$7.77M 0.35%
+63,519
New +$7.47M
GE icon
20
GE Aerospace
GE
$367B
$7.48M 0.34%
37,391
+32,550
+672% +$6.4M
DOV icon
21
Dover
DOV
$27.2B
$7.48M 0.34%
42,581
+25,266
+146% +$4.86M
NHI icon
22
National Health Investors
NHI
$3.9B
$7.45M 0.34%
100,905
+64,898
+180% +$4.58M
ESGR
23
DELISTED
Enstar Group
ESGR
$7.3M 0.33%
21,950
+17,802
+429% +$5.87M
FR icon
24
First Industrial Realty Trust
FR
$8.88B
$7.09M 0.32%
131,342
+124,939
+1,951% +$6.76M
RGLD icon
25
Royal Gold
RGLD
$17.1B
$7.04M 0.32%
43,034
+37,813
+724% +$5.55M
1
2 3 4 5

Similar funds

PL
Parkwood LLC Cleveland, Ohio $1.13B AUM 32.89% 1-Year Est. Return
FBFS
First Business Financial Services Madison, Wisconsin $1.12B AUM 22.16% 1-Year Est. Return
EC
Estate Counselors Thiensville, Wisconsin $1.12B AUM 20.13% 1-Year Est. Return
IP
Indivisible Partners Clearwater, Florida $1.13B AUM
AT
American Trust Lexington, Kentucky $1.13B AUM 17.56% 1-Year Est. Return
JAFL
Jay A. Fishman Ltd Troy, Michigan $1.12B AUM 32.75% 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

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.