Dark Forest Capital Management’s Appian APPN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-46,395	Closed	-$1.64M	–	792
2025 Q4	$1.64M	Sell	46,395 -9,255	-17%	-$330K	0.08%	459
2025 Q3	$1.7M	Sell	55,650 -104,298	-65%	-$3.13M	0.06%	526
2025 Q2	$4.78M	Buy	159,948 +122,278	+325%	+$3.67M	0.19%	116
2025 Q1	$1.09M	Buy	+37,670	New	+$1.23M	0.05%	655
2023 Q4	–	Sell	-22,159	Closed	-$1.01M	–	486
2023 Q3	$1.01M	Buy	22,159 +6,821	+44%	+$327K	0.08%	403
2023 Q2	$730K	Buy	15,338 +11,874	+343%	+$500K	0.07%	451
2023 Q1	$154K	Buy	+3,464	New	+$140K	0.04%	499
2022 Q1	–	Sell	-292	Closed	-$19K	–	1261
2021 Q4	$19K	Buy	+292	New	+$24.3K	0.01%	702