We are live on
!
Find out more
DFCM
Dark Forest Capital Management Portfolio holdings
AUM
$1.13B
1-Year Est. Return
18.74%
This Fund
S&P 500
This Quarter
Est. Return
-0.95%
1 Year Est. Return
+18.74%
3 Year Est. Return
+51.22%
5 Year Est. Return
+55.27%
10 Year Est. Return
–
AUM
$1.13B
AUM Growth
-$1.06B
(-49%)
Cap. Flow
-$1.04B
Cap. Flow
% of AUM
-92.28%
Top 10 Holdings %
Top 10 Hldgs %
8.34%
Holding
1,215
New
284
Increased
139
Reduced
338
Closed
449
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coeur Mining
CDE
|
+$11.4M |
| 2 |
TPG
TPG
|
+$9.58M |
| 3 |
SoFi Technologies
SOFI
|
+$7.05M |
| 4 |
Liberty Media Series C
FWONK
|
+$6.49M |
| 5 |
Zillow
Z
|
+$6.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$30.9M |
| 2 |
Walmart Inc
WMT
|
+$15.7M |
| 3 |
Chevron
CVX
|
+$15M |
| 4 |
Simon Property Group
SPG
|
+$12.5M |
| 5 |
Dutch Bros
BROS
|
+$9.95M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.03% |
| 2 | Technology | 15.44% |
| 3 | Industrials | 15.31% |
| 4 | Consumer Discretionary | 12.17% |
| 5 | Healthcare | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Popular Inc
BPOP
$11.1B
| $11.8M | 1.05% |
87,943
+19,910
| +29% | +$2.67M |
|
2
AXIS Capital
AXS
$8.46B
| $11M | 0.98% |
108,472
-47,492
| -30% | -$4.87M |
|
|
3
Coeur Mining
CDE
$14.8B
| $10.8M | 0.96% |
575,124
+523,179
| +1,007% | +$11.4M |
|
4
Roku
ROKU
$21.4B
| $9.89M | 0.88% |
104,558
+49,956
| +91% | +$4.87M |
|
5
Union Pacific
UNP
$179B
| $9.36M | 0.83% |
38,597
-19,341
| -33% | -$4.74M |
|
6
Toast
TOST
$17.4B
| $8.85M | 0.79% |
333,842
-84,444
| -20% | -$2.52M |
|
|
7
TPG
TPG
$7.02B
| $8.57M | 0.76% |
211,569
+186,773
| +753% | +$9.58M |
|
8
SS&C Technologies
SSNC
$16.8B
| $8.1M | 0.72% |
119,819
+20,944
| +21% | +$1.61M |
|
9
HubSpot
HUBS
$11.5B
| $7.81M | 0.69% |
31,995
+21,618
| +208% | +$6.06M |
|
10
Zoom
ZM
$26.7B
| $7.71M | 0.68% |
95,918
+49,190
| +105% | +$4.12M |
|
11
Micron Technology
MU
$959B
| $7.39M | 0.66% |
21,866
+8,441
| +63% | +$3.31M |
|
|
12
SoFi Technologies
SOFI
$22.2B
| $7.16M | 0.64% |
450,929
+334,291
| +287% | +$7.05M |
|
13
AGNC Investment
AGNC
$12.9B
| $7.04M | 0.63% |
702,095
-22,861
| -3% | -$253K |
|
14
Alphabet (Google) Class C
GOOG
$4.22T
| $6.95M | 0.62% |
24,232
-1,491
| -6% | -$468K |
|
15
Bright Horizons
BFAM
$4.03B
| $6.92M | 0.61% |
84,278
-4,925
| -6% | -$415K |
|
16
Affirm
AFRM
$25.5B
| $6.88M | 0.61% |
150,069
+89,401
| +147% | +$5.16M |
|
17
Atmus Filtration Technologies
ATMU
$4.19B
| $6.6M | 0.59% |
116,279
-35,664
| -23% | -$2.11M |
|
18
Ferguson
FERG
$45B
| $6.59M | 0.59% |
28,260
+9,691
| +52% | +$2.36M |
|
19
Apple
AAPL
$4.9T
| $6.58M | 0.58% |
25,941
-501
| -2% | -$130K |
|
20
First Citizens BancShares
FCNCA
$24.6B
| $6.51M | 0.58% |
3,453
+985
| +40% | +$1.98M |
|
21
OneMain Financial
OMF
$6.97B
| $6.44M | 0.57% |
120,377
-25,322
| -17% | -$1.5M |
|
22
Blue Owl Capital
OWL
$6.43B
| $6.4M | 0.57% |
701,317
+463,508
| +195% | +$5.6M |
|
23
Allison Transmission
ALSN
$9.42B
| $6.39M | 0.57% |
54,626
-60,907
| -53% | -$6.92M |
|
|
24
Liberty Media Series C
FWONK
$25.6B
| $6.31M | 0.56% |
+74,238
| New | +$6.49M |
|
25
DTE Energy
DTE
$30.8B
| $6.25M | 0.56% |
42,772
-37,861
| -47% | -$5.32M |
|
Similar funds
PL
FBFS
JLBC
EC
IP
WA
AT
JAFL
Dark Forest Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Dark Forest Capital Management held 1,215 positions worth $1.13B, down 49% from $2.19B the previous quarter. Its ten largest holdings account for 8.3% of the portfolio.
Dark Forest Capital Management withdrew a net $1.04B in Q1 2026, closing 449 positions and reducing 338 holdings. Its most notable exit was Chevron, an estimated $15M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 18% a quarter earlier, followed by Technology and Industrials.
Against the trend, Dark Forest Capital Management opened a new position in Liberty Media Series C worth $6.31M.
- Dark Forest Capital Management's largest Q1 2026 buy was Liberty Media Series C: 74,238 shares worth $6.31M.
- Dark Forest Capital Management added most to Coeur Mining in Q1 2026, an estimated $11.4M increase.
- Dark Forest Capital Management's biggest Q1 2026 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $30.9M.
- Dark Forest Capital Management fully exited Chevron in Q1 2026, selling an estimated $15M.
- Dark Forest Capital Management's ten largest holdings make up 8.3% of its $1.13B portfolio in Q1 2026.
- Dark Forest Capital Management opened 284 new positions and closed 449 in Q1 2026.
- Dark Forest Capital Management's portfolio value fell 49% quarter-over-quarter to $1.13B.
Based on Dark Forest Capital Management's 13F filing for Q1 2026, filed 15 May 2026.