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DARK FOREST CAPITAL MANAGEMENT LP Portfolio Analytics

Investment Analysis & Holdings Breakdown

Comprehensive portfolio analytics for DARK FOREST CAPITAL MANAGEMENT LP with $3.3B in long positions as of Q3 2025, 17% allocated to Financial Services, and 5% concentrated in top 10 positions.

Portfolio Value
$3.3B
Top 10 Concentration
5%
Top Sector
Financial Services (17%)
US Exposure
95%
Market Cap Focus
Large Cap
Countries
23

Composition Analysis

Portfolio breakdown by sector, industry, and market capitalization

Sector Allocation

Financial Services: 17.20%Financial ServicesIndustrials: 14.80%IndustrialsTechnology: 14.00%TechnologyConsumer Cyclical: 11.20%Consumer CyclicalHealthcare: 9.60%HealthcareReal Estate: 7.60%Consumer Defensive: 5.00%Energy: 4.80%Utilities: 4.20%Communication Services: 3.70%Basic Materials: 3.10%ETF: 2.50%
Financial Services
17.20%
Industrials
14.80%
Technology
14.00%
Consumer Cyclical
11.20%
Healthcare
9.60%
Real Estate
7.60%
Consumer Defensive
5.00%
Energy
4.80%
Utilities
4.20%
Communication Services
3.70%
Basic Materials
3.10%
ETF
2.50%

Industry Breakdown

134 industries across all sectors

Banks - Regional: 5.86%Software - Application: 3.17%Software - Infrastructure: 3.11%Biotechnology: 3.10%Semiconductors: 2.57%Insurance - Property & Casualty: 2.50%ETF: 2.50%Regulated Electric: 2.38%Industrial - Machinery: 2.37%Specialty Retail: 1.87%Packaged Foods: 1.73%Financial - Credit Services: 1.70%Hardware, Equipment & Parts: 1.63%Entertainment: 1.63%Chemicals - Specialty: 1.60%REIT - Retail: 1.52%Aerospace & Defense: 1.50%Financial - Capital Markets: 1.48%Oil & Gas Exploration & Production: 1.41%Information Technology Services: 1.40%Oil & Gas Equipment & Services: 1.38%Medical - Devices: 1.26%Asset Management: 1.26%Medical - Care Facilities: 1.13%Banks - Diversified: 1.11%REIT - Mortgage: 1.04%Gambling, Resorts & Casinos: 1.04%Medical - Diagnostics & Research: 1.02%Packaging & Containers: 1.02%Engineering & Construction: 1.00%Telecommunications Services: 1.00%Auto - Parts: 0.99%Residential Construction: 0.99%REIT - Office: 0.93%Industrial - Distribution: 0.92%REIT - Residential: 0.88%Rental & Leasing Services: 0.87%Restaurants: 0.86%Medical - Healthcare Information Services: 0.83%Communication Equipment: 0.81%Electrical Equipment & Parts: 0.78%Railroads: 0.74%Medical - Instruments & Supplies: 0.72%Financial - Data & Stock Exchanges: 0.71%Construction: 0.71%Discount Stores: 0.71%Computer Hardware: 0.70%REIT - Specialty: 0.69%Specialty Business Services: 0.67%Consulting Services: 0.66%Oil & Gas Midstream: 0.63%REIT - Industrial: 0.61%Leisure: 0.61%Diversified Utilities: 0.60%Auto - Dealerships: 0.60%Beverages - Non-Alcoholic: 0.59%REIT - Diversified: 0.57%REIT - Healthcare Facilities: 0.56%Drug Manufacturers - General: 0.52%Manufacturing - Metal Fabrication: 0.51%Waste Management: 0.51%Apparel - Retail: 0.50%72 more: 18.38%72 more
Banks - Regional
Financial Services
5.86%
Software - Application
Technology
3.17%
Software - Infrastructure
Technology
3.11%
Biotechnology
Healthcare
3.10%
Semiconductors
Technology
2.57%
Insurance - Property & Casualty
Financial Services
2.50%
ETF
ETF
2.50%
Regulated Electric
Utilities
2.38%
Industrial - Machinery
Industrials
2.37%
Specialty Retail
Consumer Cyclical
1.87%
Packaged Foods
Consumer Defensive
1.73%
Financial - Credit Services
Financial Services
1.70%

Filter by Sector

Select a sector to filter industries

Market Cap Distribution

Mega Cap (> $200B): 5.47%Large Cap ($10B - $200B): 39.88%Large Cap ($10B - $200B)Mid Cap ($2B - $10B): 37.06%Mid Cap ($2B - $10B)Small Cap ($300M - $2B): 12.82%Small Cap ($300M - $2B)Micro Cap ($50M - $300M): 0.03%Nano Cap (< $50M): 1.00%N/A (ETF or Unknown): 3.75%
Mega Cap (> $200B)
5.47%
Large Cap ($10B - $200B)
39.88%
Mid Cap ($2B - $10B)
37.06%
Small Cap ($300M - $2B)
12.82%
Micro Cap ($50M - $300M)
0.03%
Nano Cap (< $50M)
1.00%
N/A (ETF or Unknown)
3.75%

Portfolio Concentration

Top 10 Holdings %
5.16%
Top 20 Holdings %
8.43%
Top 50 Holdings %
16.36%
Top 100 Holdings %
26.48%

Geographic Exposure

Portfolio breakdown by country of incorporation

Domestic (US)
95.0%
International
5.0%
Countries
23
Largest Int'l Market
Bermuda - 1.31%
United States of America
95.00% ($3.1B)
1,441 holdings
Bermuda
1.31% ($43.4M)
19 holdings
Ireland
0.94% ($31.2M)
16 holdings
United Kingdom
0.94% ($31.0M)
12 holdings
Switzerland
0.50% ($16.5M)
7 holdings
Brazil
0.30% ($10.0M)
4 holdings
Singapore
0.20% ($6.6M)
2 holdings
Luxembourg
0.16% ($5.2M)
3 holdings
Netherlands
0.11% ($3.5M)
2 holdings
Canada
0.09% ($2.8M)
5 holdings
Cayman Islands
0.08% ($2.6M)
2 holdings
Korea (the Republic of)
0.08% ($2.6M)
1 holdings

Holding Behavior

Investment patterns and position management analysis

Portfolio Stability & Commitment

Avg. Top 10
5.4 quarters
Avg. Top 20
7.2 quarters
Avg. All Positions
3.3 quarters
Median Holding Period
2 quarters
Persistence Rate
35.62%
Persistent Holdings Weight
45.53%
Persistent Positions
545
Longest Held
Insulet Corporation logo
Insulet CorporationPODD - 17 quarters

Position Sizing & Influence

Current Quarter

Avg. New Position
0.05%
Avg. Position Weight
0.07%
Largest Position
Loews Corporation logo
Loews CorporationL - 0.67%
Largest Ownership Stake
Clear Channel Outdoor Holdings, Inc. Common Stock logo
Clear Channel Outdoor Holdings, Inc. Common StockCCO - 0.46%
Avg. Ownership Stake
0.06%
Ownership Stake >5%
0
Ownership Stake >1%
0

Historical (Since Q2 2021)

Avg. New Position
0.14%
Avg. Ownership Stake
0.07%
Largest Position
Bionano Genomics, Inc. Common Stock logo
Bionano Genomics, Inc. Common StockBNGO - 71.66% (Q4 2021)
Largest Ownership Stake
CANNA-GLOBAL ACQ CORP A logo
CANNA-GLOBAL ACQ CORP ACNGL - 7.25% (Q2 2023)

Portfolio Turnover

Current Quarter

Turnover Ratio
29.8%
Value Traded
$985.84M
Positions Added
48
Positions Exited
5

Historical (Since Q2 2021)

Avg. Turnover Ratio
57.1%
Avg. Positions Added
198
Avg. Positions Exited
408
Highest Turnover
97.6%
Q4 2023
Lowest Turnover
29.8%
Q3 2025

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