DC Investments Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), DC Investments Management, LLC reported 112 stock positions worth $194.5 million. Its top holding was Vanguard Tot World STK ETF (VT) at 21.6% of the portfolio, followed by Calix (CALX, 4.2%) and Piedmont Realty Trust (PDM, 2.8%). Compared with Q4 2024, it opened 45 new positions, sold out of 25, added to 30 and reduced 16. The biggest buy was Vanguard Tot World STK ETF (VT, shares +221%) and the biggest sale an exit from iShares MSCI Acwi ETF (ACWI).
- Most Recent 13F
- Q2 2026
- Location
- MCLEAN, VA
- CIK
- 0001565951
- Portfolio Value
- $194.5M (Q1 2025)
- SEC Filing
- 0001398344-25-009328 ↗ filed May 14, 2025
Holdings Value
Holdings 112 stocks · $194.5M
| VT Vanguard Tot World STK ETF | 21.57% | 361,904 | $42.0M | Add +221.3% |
| CALX Calix Inc. | 4.18% | 229,372 | $8.1M | No change |
| PDM Piedmont Realty Trust Inc. | 2.82% | 744,654 | $5.5M | Add +1.7% |
| PARR Par Pacific Holdings Inc. | 2.73% | 372,325 | $5.3M | No change |
| EQT Eqt Corp. | 2.59% | 94,300 | $5.0M | Reduce -44.5% |
| AR Antero Resources Corp. | 2.55% | 122,816 | $5.0M | Add +133.1% |
| EXE Expand Energy Corp. | 2.50% | 43,761 | $4.9M | Add +133.9% |
| GPOR Gulfport Energy Corp. | 2.22% | 23,431 | $4.3M | Add +136.1% |
| GOGO Gogo Inc. | 2.19% | 493,202 | $4.3M | No change |
| NSA National Storage Affiliates | 2.13% | 105,009 | $4.1M | New |
| WSC Willscot Holdings Corp. | 1.77% | 123,530 | $3.4M | Add +8.8% |
| LSPD Lightspeed Commerce Inc. | 1.72% | 383,088 | $3.4M | Add +67.1% |
| KOP Koppers Holdings Inc. | 1.70% | 117,802 | $3.3M | Add +60.6% |
| JELD Jeld-Wen Holding Inc. | 1.66% | 539,434 | $3.2M | No change |
| IMKTA Ingles Markets Inc. Class A | 1.45% | 43,324 | $2.8M | No change |
| DVN Devon Energy Corp. | 1.44% | 74,895 | $2.8M | New |
| CTRA Coterra Energy Inc. | 1.41% | 94,768 | $2.7M | Reduce -51.6% |
| RRC Range Resources Corp. | 1.41% | 68,446 | $2.7M | New |
| MELI MercadoLibre Inc. | 1.40% | 1,392 | $2.7M | New |
| CMCO Columbus McKinnon Corp. | 1.24% | 142,357 | $2.4M | Add +236.1% |
| PR Permian Resources Corp. Class A | 1.22% | 170,979 | $2.4M | New |
| TBLA Taboola.com Ltd. | 1.16% | 763,848 | $2.3M | No change |
| MTDR Matador Resources Co. | 1.15% | 43,721 | $2.2M | New |
| CNX CNX Resources Corp. | 1.07% | 66,225 | $2.1M | New |
| ED Consolidated Edison Inc. | 1.05% | 18,543 | $2.1M | Reduce -3.9% |
| EXC Exelon Corp. | 1.05% | 44,187 | $2.0M | Reduce -6.2% |
| MGRC McGrath Rentcorp | 1.03% | 17,937 | $2.0M | Add +101.5% |
| AEP American Electric Power | 1.02% | 18,232 | $2.0M | Add +125.0% |
| MRNA Moderna Inc. | 1.00% | 68,624 | $1.9M | New |
| PPL PPL Corp. | 0.99% | 53,464 | $1.9M | Reduce -10.0% |
| ATO Atmos Energy Corp. | 0.99% | 12,438 | $1.9M | Reduce -10.1% |
| EVRG Evergy Inc. | 0.99% | 27,863 | $1.9M | Reduce -33.1% |
| NWE Northwestern Energy Group Inc. | 0.98% | 32,976 | $1.9M | Reduce -26.4% |
| VLGEA Village Super Market Class A | 0.98% | 50,191 | $1.9M | No change |
| OGE Oge Energy Corp. | 0.98% | 41,492 | $1.9M | Reduce -33.4% |
| AEE Ameren Corporation | 0.98% | 18,978 | $1.9M | Add +127.9% |
| UTL Unitil Corp. | 0.97% | 32,855 | $1.9M | Add +621.9% |
| ES Eversource Energy | 0.97% | 30,471 | $1.9M | Add +3.4% |
| NI Nisource Inc. | 0.97% | 46,961 | $1.9M | Reduce -17.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.95% | 2,800 | $1.9M | No change |
| POR Portland General Electric Co. | 0.93% | 40,750 | $1.8M | Reduce -23.1% |
| BKH Black Hills Corp. | 0.93% | 29,900 | $1.8M | Reduce -4.3% |
| EPOL iShares MSCI Poland ETF | 0.76% | 52,643 | $1.5M | No change |
| MDU Mdu Resources Group Inc. | 0.66% | 75,966 | $1.3M | No change |
| RPD RAPID7 Inc. | 0.63% | 46,369 | $1.2M | Add +50.8% |
| OKTA Okta Inc. | 0.40% | 7,396 | $778K | New |
| TEAD Teads Holding Co. filed as OUTBRAIN INC | 0.36% | 189,611 | $707K | No change |
| ZS Zscaler Inc. | 0.34% | 3,338 | $662K | Add +0.2% |
| SWI Solarwinds Corp. | 0.33% | 34,745 | $640K | New |
| TBI Trueblue Inc. | 0.32% | 118,362 | $629K | No change |
| NET Cloudflare Inc. Class A | 0.32% | 5,532 | $623K | Reduce -31.9% |
| FTNT Fortinet Inc. | 0.32% | 6,391 | $615K | New |
| CVLT Commvault Systems Inc. | 0.32% | 3,893 | $614K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.31% | 1,721 | $607K | Reduce -49.5% |
| GEN Gen Digital Inc. | 0.31% | 22,650 | $601K | New |
| PANW Palo Alto Networks Inc. | 0.31% | 3,513 | $599K | New |
| HZO Marinemax Inc. | 0.30% | 26,700 | $574K | Add +16.7% |
| QLYS Qualys Inc. | 0.29% | 4,539 | $572K | Add +105.7% |
| RBRK Rubrik Inc. Class A | 0.29% | 9,263 | $565K | New |
| VRNS Varonis Systems Inc. | 0.29% | 13,958 | $565K | New |
| TENB Tenable Holdings Inc. | 0.28% | 15,595 | $546K | New |
| NTNX Nutanix Inc. Class A | 0.28% | 7,794 | $544K | New |
| ENFN Enfusion Inc. Class A | 0.28% | 48,490 | $541K | New |
| S Sentinelone Inc. Class A | 0.26% | 27,473 | $499K | Add +9.5% |
| CXM Sprinklr Inc. Class A | 0.25% | 58,281 | $487K | New |
| BOX Box Inc. Class A | 0.25% | 15,664 | $483K | Add +50.9% |
| BASE Couchbase Inc. | 0.25% | 30,584 | $482K | New |
| MITK Mitek Systems Inc. | 0.25% | 58,248 | $481K | New |
| EZA iShares MSCI South Africa Et | 0.24% | 9,697 | $467K | No change |
| DOCN Digitalocean Holdings Inc. | 0.24% | 13,910 | $464K | Add +9.1% |
| INTA Intapp Inc. | 0.24% | 7,832 | $457K | New |
| ANSS Ansys Inc. | 0.23% | 1,442 | $456K | New |
| CMRC Commerce.com Inc. filed as BIGCOMMERCE HLDGS INC | 0.23% | 78,933 | $455K | New |
| DBX Dropbox Inc. Class A | 0.23% | 16,446 | $439K | Add +2.8% |
| ADSK Autodesk Inc. | 0.22% | 1,671 | $437K | New |
| ADBE Adobe Inc. | 0.22% | 1,138 | $436K | Add +64.2% |
| PCTY Paylocity Holding Corp. | 0.22% | 2,326 | $436K | New |
| TWLO Twilio Inc. Class A | 0.22% | 4,425 | $433K | New |
| AVPT Avepoint Inc. | 0.22% | 29,817 | $431K | New |
| MSFT Microsoft Corp. | 0.22% | 1,142 | $429K | New |
| TOST Toast Inc. Class A | 0.22% | 12,902 | $428K | New |
| AKAM Akamai Technologies Inc. | 0.22% | 5,199 | $419K | New |
| ZM Zoom Communications Inc. | 0.21% | 5,653 | $417K | New |
| TEAM Atlassian Corp. Class A | 0.21% | 1,953 | $414K | Add +14.9% |
| AVDX Avidxchange Holdings Inc. | 0.21% | 48,202 | $409K | New |
| PTC PTC Inc. | 0.21% | 2,636 | $408K | New |
| BL Blackline Inc. | 0.21% | 8,353 | $404K | Add +104.4% |
| CRM Salesforce Inc. | 0.21% | 1,491 | $400K | Add +3.5% |
| NCNO Ncino Inc. | 0.21% | 14,562 | $400K | Add +26.3% |
| SLP Simulations Plus Inc. | 0.20% | 16,203 | $397K | New |
| U Unity Software Inc. | 0.20% | 20,250 | $397K | New |
| OLO Olo Inc. Class A | 0.20% | 64,185 | $388K | Add +86.3% |
| BRZE Braze Inc. Class A | 0.20% | 10,740 | $387K | Add +31.1% |
| EVH Evolent Health Inc. Class A | 0.20% | 40,600 | $384K | New |
| GTLB Gitlab Inc. Class A | 0.19% | 7,935 | $373K | Reduce -5.4% |
| NABL N-Able Inc. | 0.19% | 52,395 | $371K | New |
| WIX Wix.com Ltd. | 0.19% | 2,231 | $365K | New |
| SPSC SPS Commerce Inc. | 0.18% | 2,675 | $355K | New |
| LDI Loandepot Inc. Class A | 0.18% | 298,310 | $355K | No change |
| RNG Ringcentral Inc. Class A | 0.18% | 14,066 | $348K | Add +36.6% |
Portfolio Sells Q4 2024 → Q1 2025
| ACWI iShares MSCI Acwi ETF | Sold out | 0.00% | −7.28 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −4.22 |
| EQT Eqt Corp. | Reduce -44.5% | 2.59% | −2.52 |
| CTRA Coterra Energy Inc. | Reduce -51.6% | 1.41% | −1.86 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.71 |
| OGE Oge Energy Corp. | Reduce -33.4% | 0.98% | −0.70 |
| EVRG Evergy Inc. | Reduce -33.1% | 0.99% | −0.68 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.64 |
| NWE Northwestern Energy Group Inc. | Reduce -26.4% | 0.98% | −0.58 |
| POR Portland General Electric Co. | Reduce -23.1% | 0.93% | −0.57 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.54 |
| APPF Appfolio Inc. Class A | Sold out | 0.00% | −0.53 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.48 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -49.5% | 0.31% | −0.45 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.43 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.43 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.41 |
| NI Nisource Inc. | Reduce -17.8% | 0.97% | −0.40 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −0.34 |
| ASAN Asana Inc. Class A | Sold out | 0.00% | −0.33 |
| VMEO Vimeo Inc. | Sold out | 0.00% | −0.32 |
| FROG Jfrog Ltd. | Sold out | 0.00% | −0.31 |
| ESTC Elastic NV | Sold out | 0.00% | −0.31 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.30 |
| ATO Atmos Energy Corp. | Reduce -10.1% | 0.99% | −0.27 |
| PPL PPL Corp. | Reduce -10.0% | 0.99% | −0.27 |
| YEXT Yext Inc. | Sold out | 0.00% | −0.26 |
| BKH Black Hills Corp. | Reduce -4.3% | 0.93% | −0.26 |
| NET Cloudflare Inc. Class A | Reduce -31.9% | 0.32% | −0.25 |
| PCOR Procore Technologies Inc. | Sold out | 0.00% | −0.22 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.21 |
| FRSH Freshworks Inc. Class A | Sold out | 0.00% | −0.20 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.19 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.19 |
| PD Pagerduty Inc. | Sold out | 0.00% | −0.17 |
| WK Workiva Inc. | Reduce -2.3% | 0.17% | −0.15 |
| PATH Uipath Inc. Class A | Sold out | 0.00% | −0.13 |
| GTLB Gitlab Inc. Class A | Reduce -5.4% | 0.19% | −0.12 |
| EXC Exelon Corp. | Reduce -6.2% | 1.05% | −0.11 |
| ED Consolidated Edison Inc. | Reduce -3.9% | 1.05% | −0.07 |
| DH Definitive Healthcare Corp. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| VT Vanguard Tot World STK ETF | Add +221.3% | 21.57% | +12.94 |
| NSA National Storage Affiliates | New | 2.13% | +2.13 |
| DVN Devon Energy Corp. | New | 1.44% | +1.44 |
| RRC Range Resources Corp. | New | 1.41% | +1.41 |
| MELI MercadoLibre Inc. | New | 1.40% | +1.40 |
| AR Antero Resources Corp. | Add +133.1% | 2.55% | +1.35 |
| EXE Expand Energy Corp. | Add +133.9% | 2.50% | +1.29 |
| PR Permian Resources Corp. Class A | New | 1.22% | +1.22 |
| MTDR Matador Resources Co. | New | 1.15% | +1.15 |
| CNX CNX Resources Corp. | New | 1.07% | +1.07 |
| GPOR Gulfport Energy Corp. | Add +136.1% | 2.22% | +1.03 |
| MRNA Moderna Inc. | New | 1.00% | +1.00 |
| UTL Unitil Corp. | Add +621.9% | 0.97% | +0.81 |
| AEP American Electric Power | Add +125.0% | 1.02% | +0.54 |
| AEE Ameren Corporation | Add +127.9% | 0.98% | +0.50 |
| OKTA Okta Inc. | New | 0.40% | +0.40 |
| MGRC McGrath Rentcorp | Add +101.5% | 1.03% | +0.38 |
| SWI Solarwinds Corp. | New | 0.33% | +0.33 |
| FTNT Fortinet Inc. | New | 0.32% | +0.32 |
| CVLT Commvault Systems Inc. | New | 0.32% | +0.32 |
| GEN Gen Digital Inc. | New | 0.31% | +0.31 |
| PANW Palo Alto Networks Inc. | New | 0.31% | +0.31 |
| RBRK Rubrik Inc. Class A | New | 0.29% | +0.29 |
| VRNS Varonis Systems Inc. | New | 0.29% | +0.29 |
| TENB Tenable Holdings Inc. | New | 0.28% | +0.28 |
| NTNX Nutanix Inc. Class A | New | 0.28% | +0.28 |
| ENFN Enfusion Inc. Class A | New | 0.28% | +0.28 |
| CXM Sprinklr Inc. Class A | New | 0.25% | +0.25 |
| BASE Couchbase Inc. | New | 0.25% | +0.25 |
| MITK Mitek Systems Inc. | New | 0.25% | +0.25 |
| INTA Intapp Inc. | New | 0.24% | +0.24 |
| ANSS Ansys Inc. | New | 0.23% | +0.23 |
| CMRC Commerce.com Inc. | New | 0.23% | +0.23 |
| ADSK Autodesk Inc. | New | 0.22% | +0.22 |
| PCTY Paylocity Holding Corp. | New | 0.22% | +0.22 |
| TWLO Twilio Inc. Class A | New | 0.22% | +0.22 |
| AVPT Avepoint Inc. | New | 0.22% | +0.22 |
| MSFT Microsoft Corp. | New | 0.22% | +0.22 |
| TOST Toast Inc. Class A | New | 0.22% | +0.22 |
| AKAM Akamai Technologies Inc. | New | 0.22% | +0.22 |
| ZM Zoom Communications Inc. | New | 0.21% | +0.21 |
| AVDX Avidxchange Holdings Inc. | New | 0.21% | +0.21 |
| PTC PTC Inc. | New | 0.21% | +0.21 |
| CMCO Columbus McKinnon Corp. | Add +236.1% | 1.24% | +0.21 |
| SLP Simulations Plus Inc. | New | 0.20% | +0.20 |
| U Unity Software Inc. | New | 0.20% | +0.20 |
| EVH Evolent Health Inc. Class A | New | 0.20% | +0.20 |
| NABL N-Able Inc. | New | 0.19% | +0.19 |
| WIX Wix.com Ltd. | New | 0.19% | +0.19 |
| SPSC SPS Commerce Inc. | New | 0.18% | +0.18 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 55 | $293.3M | VT, MDY, ASML, UNH, INTU |
| Q1 2026 | 76 | $261.2M | VT, MDY, ASML, PDM, UNH |
| Q4 2025 | 48 | $226.1M | VT, ASML, PDM, UNH, EQT |
| Q3 2025 | 95 | $241.1M | VT, ASML, PDM, UNH, EQT |
| Q2 2025 | 104 | $239.9M | VT, PARR, GOGO, EQT, PDM |
| Q1 2025 | 112 | $194.5M | VT, CALX, PDM, PARR, EQT |
| Q4 2024 | 92 | $153.3M | VT, ACWI, CALX, EQT, PDM |
| Q3 2024 | 87 | $143.0M | SKYY, ACWI, PDM, CALX, FANG |
| Q2 2024 | 85 | $118.6M | SKYY, CALX, FANG, PDM, PARR |
| Q1 2024 | 91 | $118.4M | SKYY, FANG, CALX, PDM, JELD |