Dark Forest Capital Management LP 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Dark Forest Capital Management LP disclosed 1134 US equity positions worth $2.5bn in its Q2 2025 13F filing. The largest position was LNG at 0.8% of the reported book, followed by MSFT and NVDA. Against the Q1 2025 filing, it opened 5 new positions, added to 43 and reduced 2 among the top 50 holdings.
What did Dark Forest Capital Management LP own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | LNG CHENIERE ENERGY INC | Energy | 0.8% | $19.5m | 80,240 | -42% | reduced |
| 2 | MSFT MICROSOFT CORP | Technology | 0.7% | $18.1m | 36,384 | 19% | added |
| 3 | NVDA NVIDIA CORP | Technology | 0.7% | $17.9m | 113,520 | 75% | added |
| 4 | PANW PALO ALTO NETWORKS INC | Technology | 0.7% | $17.8m | 87,010 | 56% | added |
| 5 | SPG SIMON PROPERTY GROUP INC | Real Estate | 0.7% | $16.4m | 102,279 | 1270% | added |
| 6 | MS MORGAN STANLEY | Financial Services | 0.5% | $13.3m | 94,587 | 106% | added |
| 7 | AAPL APPLE INC | Technology | 0.5% | $12.9m | 62,762 | 57% | added |
| 8 | GGG GRACO INC | Industrials | 0.5% | $12.7m | 147,166 | 508% | added |
| 9 | FERG FERGUSON ENTERPRISES INC | Industrials | 0.5% | $12.5m | 57,436 | 202% | added |
| 10 | BAC BANK OF AMERICA CORP | Financial Services | 0.5% | $12.5m | 263,328 | 281% | added |
| 11 | AMZN AMAZON.COM INC | Consumer Cyclical | 0.5% | $12.4m | 56,628 | 27% | added |
| 12 | VEEV VEEVA SYSTEMS INC-CLASS A | Healthcare | 0.5% | $11.5m | 39,809 | 108% | added |
| 13 | MGY MAGNOLIA OIL & GAS CORP - A | Energy | 0.4% | $11.2m | 496,807 | 191% | added |
| 14 | KHC KRAFT HEINZ CO/THE | Consumer Defensive | 0.4% | $11.0m | 427,937 | 366% | added |
| 15 | BLK BLACKROCK INC | Financial Services | 0.4% | $10.3m | 9,859 | 107% | added |
| 16 | COF CAPITAL ONE FINANCIAL CORP | Financial Services | 0.4% | $10.3m | 48,281 | 320% | added |
| 17 | TIP ISHARES TIPS BOND ETF | 0.4% | $10.1m | 91,743 | – | new | |
| 18 | GE GENERAL ELECTRIC | Industrials | 0.4% | $9.7m | 37,785 | 1% | added |
| 19 | FTI TECHNIPFMC PLC | Energy | 0.4% | $9.4m | 273,462 | 34% | added |
| 20 | ORI OLD REPUBLIC INTL CORP | Financial Services | 0.4% | $9.3m | 242,296 | -9% | reduced |
| 21 | PSX PHILLIPS 66 | Energy | 0.4% | $9.3m | 78,033 | – | new |
| 22 | DOV DOVER CORP | Industrials | 0.4% | $9.2m | 50,127 | 18% | added |
| 23 | SYU1 SYNOVUS FINANCIAL CORP | 0.4% | $9.1m | 174,893 | 165% | added | |
| 24 | RRR RED ROCK RESORTS INC-CLASS A | Consumer Cyclical | 0.4% | $8.9m | 170,725 | 41% | added |
| 25 | NOBLE CORP PLC | 0.3% | $8.6m | 325,454 | 11% | added | |
| 26 | POR PORTLAND GENERAL ELECTRIC CO | Utilities | 0.3% | $8.6m | 212,621 | 38% | added |
| 27 | ARW ARROW ELECTRONICS INC | Technology | 0.3% | $8.5m | 66,610 | 574% | added |
| 28 | GM GENERAL MOTORS CO | Consumer Cyclical | 0.3% | $8.4m | 170,886 | 228% | added |
| 29 | LMT LOCKHEED MARTIN CORP | Industrials | 0.3% | $8.4m | 18,110 | 1325% | added |
| 30 | AMED AMEDISYS INC | 0.3% | $8.2m | 83,111 | 965% | added | |
| 31 | UNP UNION PACIFIC CORP | Industrials | 0.3% | $8.1m | 35,400 | – | new |
| 32 | OXY OCCIDENTAL PETROLEUM CORP | Energy | 0.3% | $7.9m | 189,034 | 50% | added |
| 33 | BAH BOOZ ALLEN HAMILTON HOLDINGS | Industrials | 0.3% | $7.9m | 75,671 | 18% | added |
| 34 | CTAS CINTAS CORP | Industrials | 0.3% | $7.8m | 34,957 | 248% | added |
| 35 | SRE SEMPRA | Utilities | 0.3% | $7.8m | 102,305 | – | new |
| 36 | SBAC SBA COMMUNICATIONS CORP | Real Estate | 0.3% | $7.7m | 32,839 | 146% | added |
| 37 | GEV GE VERNOVA INC | Industrials | 0.3% | $7.5m | 14,213 | 53% | added |
| 38 | MET METLIFE INC | Financial Services | 0.3% | $7.4m | 92,229 | 541% | added |
| 39 | EXPO EXPONENT INC | Industrials | 0.3% | $7.2m | 96,783 | 112% | added |
| 40 | ARES ARES MANAGEMENT CORP - A | Financial Services | 0.3% | $7.2m | 41,670 | 72% | added |
| 41 | AMKR AMKOR TECHNOLOGY INC | Technology | 0.3% | $7.1m | 337,615 | – | new |
| 42 | NLY ANNALY CAPITAL MANAGEMENT IN | Real Estate | 0.3% | $7.1m | 374,674 | 215% | added |
| 43 | GIS GENERAL MILLS INC | Consumer Defensive | 0.3% | $7.0m | 135,905 | 339% | added |
| 44 | KDP KEURIG DR PEPPER INC | Consumer Defensive | 0.3% | $7.0m | 212,566 | 55% | added |
| 45 | WLK WESTLAKE CORP | Basic Materials | 0.3% | $7.0m | 92,491 | 929% | added |
| 46 | NWE NORTHWESTERN ENERGY GROUP IN | Utilities | 0.3% | $6.9m | 134,812 | 780% | added |
| 47 | RELY REMITLY GLOBAL INC | Technology | 0.3% | $6.9m | 368,281 | 390% | added |
| 48 | LLY ELI LILLY & CO | Healthcare | 0.3% | $6.9m | 8,861 | 63% | added |
| 49 | DLTR DOLLAR TREE INC | Consumer Defensive | 0.3% | $6.8m | 68,393 | 840% | added |
| 50 | GPC GENUINE PARTS CO | Consumer Cyclical | 0.3% | $6.7m | 55,640 | 18% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.