DC Investments Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), DC Investments Management, LLC reported 92 stock positions worth $153.3 million. Its top holding was Vanguard Tot World STK ETF (VT) at 8.6% of the portfolio, followed by iShares MSCI Acwi ETF (ACWI, 7.3%) and Calix (CALX, 5.2%). Compared with Q3 2024, it opened 9 new positions, sold out of 4, added to 14 and reduced 10. The biggest buy was a new position in Vanguard Tot World STK ETF (VT) and the biggest sale an exit from First Trust Cloud Computing (SKYY).

Most Recent 13F
Q2 2026
Location
MCLEAN, VA
CIK
0001565951
Portfolio Value
$153.3M (Q4 2024)
SEC Filing
0001398344-25-002774 ↗ filed Feb 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $118.4M Q1 2024 Q2 2024: $118.6M Q2 2024 Q3 2024: $143.0M Q3 2024 Q4 2024: $153.3M $153.3M Q4 2024 Q1 2025: $194.5M Q1 2025 Q2 2025: $239.9M Q2 2025 Q3 2025: $241.1M Q3 2025 Q4 2025: $226.1M Q4 2025 Q1 2026: $261.2M Q1 2026 Q2 2026: $293.3M Q2 2026

Holdings 92 stocks · $153.3M
VT Vanguard Tot World STK ETF 8.63% 112,633 $13.2M New
ACWI iShares MSCI Acwi ETF 7.28% 94,930 $11.2M No change
CALX Calix Inc. 5.22% 229,372 $8.0M No change
EQT Eqt Corp. 5.11% 170,005 $7.8M No change
PDM Piedmont Realty Trust Inc. 4.37% 731,981 $6.7M Reduce -20.2%
FANG Diamondback Energy Inc. 4.22% 39,488 $6.5M No change
PARR Par Pacific Holdings Inc. 3.98% 372,325 $6.1M No change
CTRA Coterra Energy Inc. 3.27% 195,994 $5.0M No change
JELD Jeld-Wen Holding Inc. 2.88% 539,434 $4.4M Add +108.3%
GOGO Gogo Inc. 2.60% 493,202 $4.0M No change
WSC Willscot Holdings Corp. 2.48% 113,530 $3.8M Add +40.7%
LSPD Lightspeed Commerce Inc. 2.28% 229,242 $3.5M No change
IMKTA Ingles Markets Inc. Class A 1.82% 43,324 $2.8M New
TBLA Taboola.com Ltd. 1.82% 763,848 $2.8M No change
OGE Oge Energy Corp. 1.68% 62,313 $2.6M Add +40.9%
EVRG Evergy Inc. 1.67% 41,622 $2.6M Add +41.1%
NWE Northwestern Energy Group Inc. 1.56% 44,816 $2.4M Add +46.1%
KOP Koppers Holdings Inc. 1.55% 73,358 $2.4M New
POR Portland General Electric Co. 1.51% 53,002 $2.3M Add +47.6%
NI Nisource Inc. 1.37% 57,137 $2.1M Add +55.2%
ASML ASML Holding NV-NY Reg SHS 1.27% 2,800 $1.9M New
PPL PPL Corp. 1.26% 59,394 $1.9M Add +63.5%
ATO Atmos Energy Corp. 1.26% 13,832 $1.9M Add +63.3%
EXE Expand Energy Corp. 1.22% 18,706 $1.9M No change
AR Antero Resources Corp. 1.21% 52,691 $1.8M No change
GPOR Gulfport Energy Corp. 1.19% 9,924 $1.8M Add +9.3%
BKH Black Hills Corp. 1.19% 31,227 $1.8M Add +69.3%
EXC Exelon Corp. 1.16% 47,107 $1.8M Add +73.4%
ED Consolidated Edison Inc. 1.12% 19,289 $1.7M Add +76.6%
ES Eversource Energy 1.10% 29,465 $1.7M Add +78.9%
VLGEA Village Super Market Class A 1.04% 50,191 $1.6M No change
CMCO Columbus McKinnon Corp. 1.03% 42,357 $1.6M No change
MDU Mdu Resources Group Inc. 0.89% 75,966 $1.4M No change
TEAD Teads Holding Co. filed as OUTBRAIN INC 0.89% 189,611 $1.4M No change
RPD RAPID7 Inc. 0.81% 30,745 $1.2M No change
CRWD CrowdStrike Holdings Inc. Class A 0.76% 3,409 $1.2M No change
EPOL iShares MSCI Poland ETF 0.72% 52,643 $1.1M Reduce -31.4%
NOW ServiceNow Inc. 0.71% 1,030 $1.1M No change
MGRC McGrath Rentcorp 0.65% 8,901 $995K New
TBI Trueblue Inc. 0.65% 118,362 $994K No change
HUBS HubSpot Inc. 0.64% 1,400 $975K No change
NET Cloudflare Inc. Class A 0.57% 8,118 $874K No change
IBIT iShares Bitcoin Trust ETF 0.54% 15,670 $831K Reduce -56.3%
APPF Appfolio Inc. Class A 0.53% 3,323 $820K No change
AEP American Electric Power 0.49% 8,105 $748K New
AEE Ameren Corporation 0.48% 8,328 $742K New
MNDY Monday.com Ltd. 0.48% 3,129 $737K No change
DDOG Datadog Inc. Class A 0.43% 4,643 $663K No change
HZO Marinemax Inc. 0.43% 22,886 $663K New
DOCU Docusign Inc. 0.43% 7,279 $655K No change
WDAY Workday Inc. Class A 0.41% 2,461 $635K No change
LDI Loandepot Inc. Class A 0.40% 298,310 $609K No change
ZS Zscaler Inc. 0.39% 3,330 $601K No change
S Sentinelone Inc. Class A 0.36% 25,088 $557K No change
CWAN Clearwater Analytics HDS-A 0.34% 18,752 $516K No change
ASAN Asana Inc. Class A 0.33% 24,904 $505K No change
WK Workiva Inc. 0.33% 4,559 $499K No change
VMEO Vimeo Inc. 0.32% 75,934 $486K No change
CRM Salesforce Inc. 0.31% 1,441 $482K No change
DBX Dropbox Inc. Class A 0.31% 16,000 $481K No change
FROG Jfrog Ltd. 0.31% 16,238 $478K No change
ESTC Elastic NV 0.31% 4,811 $477K No change
GTLB Gitlab Inc. Class A 0.31% 8,390 $473K No change
PYPL PayPal Holdings Inc. 0.30% 5,302 $453K No change
DOCN Digitalocean Holdings Inc. 0.28% 12,756 $435K No change
TEAM Atlassian Corp. Class A 0.27% 1,699 $414K No change
EZA iShares MSCI South Africa Et 0.27% 9,697 $406K Reduce -65.9%
YEXT Yext Inc. 0.26% 63,420 $403K No change
NCNO Ncino Inc. 0.25% 11,533 $387K No change
RNG Ringcentral Inc. Class A 0.24% 10,299 $361K No change
BRZE Braze Inc. Class A 0.22% 8,194 $343K No change
PCOR Procore Technologies Inc. 0.22% 4,409 $330K No change
BOX Box Inc. Class A 0.21% 10,379 $328K No change
VEEV Veeva Systems Inc. Class A 0.21% 1,526 $321K No change
QLYS Qualys Inc. 0.20% 2,207 $309K No change
ADBE Adobe Inc. 0.20% 693 $308K No change
FRSH Freshworks Inc. Class A 0.20% 18,907 $306K No change
SNOW Snowflake Inc. 0.19% 1,916 $296K No change
MDB Mongodb Inc. 0.19% 1,229 $286K No change
OLO Olo Inc. Class A 0.17% 34,462 $265K No change
PD Pagerduty Inc. 0.17% 14,227 $260K No change
BL Blackline Inc. 0.16% 4,087 $248K No change
UTL Unitil Corp. 0.16% 4,551 $247K New
EWS iShares MSCI Singapore ETF 0.14% 9,940 $217K Reduce -83.7%
PATH Uipath Inc. Class A 0.13% 16,239 $206K No change
EWC iShares MSCI Canada ETF 0.13% 4,979 $201K Reduce -91.2%
EWJ iShares MSCI Japan ETF 0.08% 1,892 $127K Reduce -91.2%
EWM iShares MSCI Malaysia ETF 0.08% 4,869 $119K Reduce -89.8%
TCRX Tscan Therapeutics Inc. 0.07% 35,563 $108K No change
DH Definitive Healthcare Corp. 0.06% 23,392 $96K No change
EWA iShares MSCI Australia ETF 0.03% 1,671 $40K Reduce -91.2%
EPHE iShares MSCI Philippines ETF 0.00% 160 $4K Reduce -91.1%

Portfolio Sells Q3 2024 → Q4 2024
SKYY First Trust Cloud Computing Sold out 0.00% −8.77
PDM Piedmont Realty Trust Inc. Reduce -20.2% 4.37% −2.11
EWC iShares MSCI Canada ETF Reduce -91.2% 0.13% −1.50
EWJ iShares MSCI Japan ETF Reduce -91.2% 0.08% −0.99
EWM iShares MSCI Malaysia ETF Reduce -89.8% 0.08% −0.83
EWS iShares MSCI Singapore ETF Reduce -83.7% 0.14% −0.80
EZA iShares MSCI South Africa Et Reduce -65.9% 0.27% −0.74
EWU iShares MSCI United Kingdom Sold out 0.00% −0.71
EPOL iShares MSCI Poland ETF Reduce -31.4% 0.72% −0.58
IBIT iShares Bitcoin Trust ETF Reduce -56.3% 0.54% −0.36
EWA iShares MSCI Australia ETF Reduce -91.2% 0.03% −0.33
SQSP Squarespace Inc. Class A Sold out 0.00% −0.32
CSV Carriage Services Inc. Sold out 0.00% −0.26
EPHE iShares MSCI Philippines ETF Reduce -91.1% 0.00% −0.03

Portfolio Buys Q3 2024 → Q4 2024
VT Vanguard Tot World STK ETF New 8.63% +8.63
IMKTA Ingles Markets Inc. Class A New 1.82% +1.82
KOP Koppers Holdings Inc. New 1.55% +1.55
ASML ASML Holding NV-NY Reg SHS New 1.27% +1.27
MGRC McGrath Rentcorp New 0.65% +0.65
AEP American Electric Power New 0.49% +0.49
AEE Ameren Corporation New 0.48% +0.48
NI Nisource Inc. Add +55.2% 1.37% +0.48
ATO Atmos Energy Corp. Add +63.3% 1.26% +0.44
HZO Marinemax Inc. New 0.43% +0.43
PPL PPL Corp. Add +63.5% 1.26% +0.42
OGE Oge Energy Corp. Add +40.9% 1.68% +0.41
BKH Black Hills Corp. Add +69.3% 1.19% +0.40
EVRG Evergy Inc. Add +41.1% 1.67% +0.39
EXC Exelon Corp. Add +73.4% 1.16% +0.39
WSC Willscot Holdings Corp. Add +40.7% 2.48% +0.36
NWE Northwestern Energy Group Inc. Add +46.1% 1.56% +0.34
ED Consolidated Edison Inc. Add +76.6% 1.12% +0.33
ES Eversource Energy Add +78.9% 1.10% +0.32
POR Portland General Electric Co. Add +47.6% 1.51% +0.31
GPOR Gulfport Energy Corp. Add +9.3% 1.19% +0.23
UTL Unitil Corp. New 0.16% +0.16
JELD Jeld-Wen Holding Inc. Add +108.3% 2.88% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 55$293.3MVT, MDY, ASML, UNH, INTU
Q1 2026 76$261.2MVT, MDY, ASML, PDM, UNH
Q4 2025 48$226.1MVT, ASML, PDM, UNH, EQT
Q3 2025 95$241.1MVT, ASML, PDM, UNH, EQT
Q2 2025 104$239.9MVT, PARR, GOGO, EQT, PDM
Q1 2025 112$194.5MVT, CALX, PDM, PARR, EQT
Q4 2024 92$153.3MVT, ACWI, CALX, EQT, PDM
Q3 2024 87$143.0MSKYY, ACWI, PDM, CALX, FANG
Q2 2024 85$118.6MSKYY, CALX, FANG, PDM, PARR
Q1 2024 91$118.4MSKYY, FANG, CALX, PDM, JELD