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Dark Forest Capital Management Portfolio holdings
AUM
$1.55B
Turnover
58.44%
1-Year Est. Return
23.63%
This Fund
S&P 500
This Quarter Est. Return
+13.43%
1 Year Est. Return
+23.63%
3 Year Est. Return
+62.99%
5 Year Est. Return
+72.84%
10 Year Est. Return
–
AUM
$1.55B
AUM Growth
+$423M
(+38%)
Cap. Flow
+$330M
Cap. Flow % of AUM
Cap. Flow %
21.27%
Top 10 Holdings %
Top 10 Hldgs %
7.15%
Holding
1,090
New
324
Increased
286
Reduced
165
Closed
313
Avg Time Held
0.5
years
Top 10 Avg Time Held
0.1
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI India ETF
INDA
|
+$16.7M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$10.9M |
| 3 |
EOG Resources
EOG
|
+$8.97M |
| 4 |
IDEX
IEX
|
+$7.66M |
| 5 |
WEC Energy
WEC
|
+$7.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Popular Inc
BPOP
|
+$11.8M |
| 2 |
Roku
ROKU
|
+$9.9M |
| 3 |
Micron Technology
MU
|
+$8.82M |
| 4 |
Coeur Mining
CDE
|
+$8.79M |
| 5 |
Affirm
AFRM
|
+$8.59M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.86% |
| 2 | Industrials | 16.38% |
| 3 | Technology | 15.65% |
| 4 | Consumer Discretionary | 10.8% |
| 5 | Healthcare | 9.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares MSCI India ETF
INDA
$5.84B
| $16.9M | 1.09% |
+342,603
| New | +$16.7M |
2026 Q2
0 quarters
|
|
2
AXIS Capital
AXS
$7.26B
| $13.2M | 0.85% |
122,795
+14,323
| +13% | +$1.44M |
2024 Q3
7 quarters
|
|
|
3
Micron Technology
MU
$1.04T
| $11.7M | 0.75% |
10,106
-11,760
| -54% | -$8.82M |
2025 Q4
2 quarters
|
|
4
SS&C Technologies
SSNC
$19.8B
| $11.5M | 0.74% |
185,954
+66,135
| +55% | +$4.49M |
2025 Q3
3 quarters
|
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.14T
| $11.3M | 0.73% |
+22,596
| New | +$10.9M |
2026 Q2
0 quarters
|
|
6
Eli Lilly
LLY
$1.11T
| $10.3M | 0.67% |
8,625
+4,382
| +103% | +$4.48M |
2024 Q2
8 quarters
|
|
7
DTE Energy
DTE
$26.5B
| $9.24M | 0.6% |
60,651
+17,879
| +42% | +$2.61M |
2024 Q3
7 quarters
|
|
|
8
WEC Energy
WEC
$34.9B
| $9.2M | 0.59% |
78,819
+64,545
| +452% | +$7.36M |
2025 Q1
5 quarters
|
|
|
9
EOG Resources
EOG
$82.4B
| $9M | 0.58% |
69,367
+65,834
| +1,863% | +$8.97M |
2026 Q1
1 quarter
|
|
10
Illinois Tool Works
ITW
$76.8B
| $8.42M | 0.54% |
31,148
+12,640
| +68% | +$3.28M |
2024 Q3
7 quarters
|
|
|
11
IDEX
IEX
$17.3B
| $8.22M | 0.53% |
+36,200
| New | +$7.66M |
2026 Q2
0 quarters
|
|
12
PennyMac Financial
PFSI
$3.05B
| $7.7M | 0.5% |
88,378
+21,303
| +32% | +$1.85M |
2024 Q2
8 quarters
|
|
13
Fifth Third Bancorp
FITB
$46.3B
| $7.67M | 0.5% |
136,111
+69,425
| +104% | +$3.52M |
2026 Q1
1 quarter
|
|
14
Blue Owl Capital
OWL
$6.15B
| $7.66M | 0.49% |
875,846
+174,529
| +25% | +$1.66M |
2025 Q2
4 quarters
|
|
15
Royalty Pharma
RPRX
$26.9B
| $7.57M | 0.49% |
134,982
+22,920
| +20% | +$1.19M |
2025 Q3
3 quarters
|
|
16
OneMain Financial
OMF
$6.43B
| $7.11M | 0.46% |
116,682
-3,695
| -3% | -$208K |
2024 Q3
7 quarters
|
|
17
American Express
AXP
$212B
| $7.08M | 0.46% |
+20,928
| New | +$6.7M |
2026 Q2
0 quarters
|
|
18
Travelers Companies
TRV
$80.4B
| $6.97M | 0.45% |
+21,127
| New | +$6.4M |
2026 Q2
0 quarters
|
|
19
Citizens Financial Group
CFG
$26.6B
| $6.9M | 0.45% |
98,519
+55,564
| +129% | +$3.58M |
2025 Q1
5 quarters
|
|
20
Primo Brands
PRMB
$7.19B
| $6.81M | 0.44% |
278,767
+161,618
| +138% | +$3.59M |
2025 Q2
4 quarters
|
|
21
Paychex
PAYX
$39.1B
| $6.81M | 0.44% |
+69,277
| New | +$6.56M |
2026 Q2
0 quarters
|
|
22
AbbVie
ABBV
$502B
| $6.78M | 0.44% |
+26,935
| New | +$5.79M |
2026 Q2
0 quarters
|
|
23
HubSpot
HUBS
$11.4B
| $6.76M | 0.44% |
37,034
+5,039
| +16% | +$1.05M |
2025 Q1
5 quarters
|
|
24
Microsoft
MSFT
$3.97T
| $6.67M | 0.43% |
17,870
+5,009
| +39% | +$2.03M |
2024 Q1
9 quarters
|
|
25
Applied Materials
AMAT
$337B
| $6.46M | 0.42% |
8,931
-4,003
| -31% | -$1.85M |
2024 Q2
8 quarters
|
|
Similar funds
CPA
PAMJ
Dark Forest Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Dark Forest Capital Management held 1,090 positions worth $1.55B, up 38% from $1.13B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Dark Forest Capital Management deployed $330M of net new capital in Q2 2026, opening 324 new positions and adding to 286 existing holdings. Its largest new stake was iShares MSCI India ETF: 342,603 shares worth $16.9M.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 21% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Micron Technology, an estimated $8.82M trimmed.
- Dark Forest Capital Management's largest Q2 2026 buy was iShares MSCI India ETF: 342,603 shares worth $16.9M.
- Dark Forest Capital Management added most to EOG Resources in Q2 2026, an estimated $8.97M increase.
- Dark Forest Capital Management's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $8.82M.
- Dark Forest Capital Management fully exited Popular Inc in Q2 2026, selling an estimated $11.8M.
- Dark Forest Capital Management's ten largest holdings make up 7.2% of its $1.55B portfolio in Q2 2026.
- Dark Forest Capital Management opened 324 new positions and closed 313 in Q2 2026.
- Dark Forest Capital Management's portfolio value rose 38% quarter-over-quarter to $1.55B.
Based on Dark Forest Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.