Dark Forest Capital Management’s Air Products & Chemicals APD Stock Holding History

Dark Forest Capital Management’s Portfolio APD Stock Details APD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$846K	Buy	+2,913	New	+$803K	0.08%	417
2025 Q4	–	Sell	-9,680	Closed	-$2.64M	–	964
2025 Q3	$2.64M	Sell	9,680 -12,225	-56%	-$3.54M	0.1%	357
2025 Q2	$6.18M	Buy	+21,905	New	+$5.99M	0.25%	63
2025 Q1	–	Sell	-2,386	Closed	-$692K	–	1214
2024 Q4	$692K	Buy	2,386 +121	+5%	+$38K	0.1%	296
2024 Q3	$674K	Buy	+2,265	New	+$619K	0.09%	273
2024 Q1	–	Sell	-9,582	Closed	-$2.62M	–	686
2023 Q4	$2.62M	Buy	+9,582	New	+$2.63M	0.39%	47
2023 Q3	–	Sell	-2,041	Closed	-$611K	–	1076
2023 Q2	$611K	Buy	+2,041	New	+$581K	0.06%	543
2023 Q1	–	Sell	-8	Closed	-$2.47K	–	1172
2022 Q4	$2.47K	Sell	8 -1,256	-99%	-$354K	﹤0.01%	935
2022 Q3	$294K	Buy	+1,264	New	+$313K	0.05%	332
2021 Q4	–	Sell	-263	Closed	-$67K	–	1411
2021 Q3	$67K	Sell	263 -1,548	-85%	-$428K	0.02%	490
2021 Q2	$521K	Buy	+1,811	New	+$532K	0.23%	30

Other funds holding APD

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

State Farm Mutual Automobile Insurance Bloomington, Illinois $127B AUM 32.55% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Dark Forest Capital Management's APD Position: Q1 2026 in Review

Dark Forest Capital Management opened a new position in Air Products & Chemicals (APD) in Q1 2026: 2,913 shares worth $846K. The stake represents 0.08% of the portfolio and ranks #417 among its holdings. This is a return to the name: Dark Forest Capital Management previously reported a position in APD as recently as Q3 2025.

Dark Forest Capital Management first reported a position in APD in Q2 2021 and has held it in 11 quarters since. The position peaked at $6.18M in Q2 2025. 1,773 funds tracked by Wall St. Rank hold APD as of Q1 2026.

Dark Forest Capital Management held 2,913 shares of Air Products & Chemicals worth $846K as of Q1 2026.
Air Products & Chemicals was a new Dark Forest Capital Management position in Q1 2026.
Air Products & Chemicals made up 0.08% of Dark Forest Capital Management's portfolio in Q1 2026, its #417 holding.
Dark Forest Capital Management first reported a position in Air Products & Chemicals in Q2 2021 and has held it in 11 quarters since.
Dark Forest Capital Management's Air Products & Chemicals position peaked at $6.18M in Q2 2025.
1,773 funds tracked by Wall St. Rank held Air Products & Chemicals as of Q1 2026.

Based on Dark Forest Capital Management's 13F filing for Q1 2026, filed 15 May 2026.