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Dark Forest Capital Management LP

CIK:0001853322
Hedge Fund
$3B AUM
1,142 holdings
New York, NY, US
Founded:2021
24 employees
Latest filing:Jun 30, 2025

Dark Forest Capital Management LP is an SEC-registered hedge fund based in New York, NY, founded in 2021 and managing assets primarily for institutional clients. With recent filings showing approximately two dozen staff, the firm focuses on sophisticated quantitative investment strategies across global equities. Dark Forest manages multi-billion dollar assets, actively trading using advanced technology and data-driven investment models.

Investment Strategy

Dark Forest Capital Management LP utilizes quantitative and systematic investment approaches focused on global equities. The firm relies on advanced computing and statistical analysis to identify inefficiencies in public markets, leveraging proprietary models for portfolio construction and dynamic allocation. Dark Forest employs high-frequency trading and a diversified approach across multiple sectors, seeking alpha through data-driven research and rapid adaptation to market signals.

Latest 13F Filing Activity

Dark Forest Capital Management LP filed their most recent 13F report on Jun 30, 2025 disclosing 1,123 equity positions and 8 options positions with a total 13F market value of $3B. The fund increased holdings in Simon Property Group Inc., Nvidia Corp., Graco Inc. among other positions. Dark Forest Capital Management LP reduced exposure to CRH PLC, Alphabet Inc-cl A, Cheniere Energy Inc. among others.

Top Buys
S
SPGSIMON PROPERTY GROUP INC
+$15.2M
N
NVDANVIDIA CORP
+$10.9M
G
GGGGRACO INC
+$10.6M
T
TIPISHARES TIPS BOND ETF
+$10.1M
B
BACBANK OF AMERICA CORP
+$9.6M
Top Sells
C
CRHCRH PLC
-$23.8M
G
GOOGLALPHABET INC-CL A
-$23.6M
L
LNGCHENIERE ENERGY INC
-$12.3M
A
AMCRAMCOR PLC
-$10.5M
L
LIVNLIVANOVA PLC
-$8.7M

Top Holdings

L
LNGCHENIERE ENERGY INC
+0.8%$19.5M
M
MSFTMICROSOFT CORP
+0.7%$18.1M
N
NVDANVIDIA CORP
+0.7%$17.9M
P
PANWPALO ALTO NETWORKS INC
+0.7%$17.8M
S
SPGSIMON PROPERTY GROUP INC
+0.7%$16.4M

Equity Positions (1,123)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
CHENIERE ENERGY INC0.78%$19.5M80,240$228.57$243.52-$12.3M
MICROSOFT CORP0.72%$18.1M36,384$395.47$497.41+$6.6M
NVIDIA CORP0.71%$17.9M113,520$130.26$157.99+$10.9M
PALO ALTO NETWORKS INC0.71%$17.8M87,010$182.79$204.64+$8.3M
SIMON PROPERTY GROUP INC0.66%$16.4M102,279$160.95$160.76+$15.2M

Options Positions (8)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
September 25 Puts on SPY USSold
Put
$8.3M135$617.85$559.39-65-$2.8M
August 25 Puts on IWM USSold
Put
$4.3M200$215.79$199.49-200-$3.7M
July 25 Calls on XLF USNew
Call
$2.4M450$52.37$52.37+450+$2.4M
July 25 Puts on XLE USNew
Put
$2.3M275$84.81$84.81+275+$2.3M
August 25 Puts on EFA USNew
Put
$1.3M150$89.39$89.39+150+$1.3M

Industry Allocation

REAL ESTATE INVESTMENT TRUSTS
+6.7%
SERVICES-PREPACKAGED SOFTWARE
+4.5%
NATIONAL COMMERCIAL BANKS
+3.6%
STATE COMMERCIAL BANKS
+3.6%
PHARMACEUTICAL PREPARATIONS
+3.3%