Dark Forest Capital Management’s Bread Financial BFH Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-37,562	Closed	-$2.09M	–	985
2025 Q3	$2.09M	Buy	+37,562	New	+$2.32M	0.08%	453
2025 Q2	–	Sell	-45,377	Closed	-$2.27M	–	1192
2025 Q1	$2.27M	Buy	45,377 +38,990	+610%	+$2.21M	0.1%	334
2024 Q4	$390K	Buy	+6,387	New	+$361K	0.06%	551
2023 Q4	–	Sell	-8,798	Closed	-$301K	–	521
2023 Q3	$301K	Buy	+8,798	New	+$323K	0.02%	904
2022 Q4	–	Sell	-197,325	Closed	-$6.21M	–	1155
2022 Q3	$6.21M	Buy	197,325 +151,669	+332%	+$5.94M	1.05%	15
2022 Q2	$1.69M	Buy	+45,656	New	+$2.33M	0.36%	72
2022 Q1	–	Sell	-80	Closed	-$5K	–	1294
2021 Q4	$5K	Buy	+80	New	+$5.92K	﹤0.01%	1144
2021 Q3	–	Sell	-1,016	Closed	-$84K	–	1270
2021 Q2	$84K	Buy	+1,016	New	+$91.9K	0.04%	361

Other funds holding BFH

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

TCAM

Turtle Creek Asset Management Toronto, Ontario, Canada $2.56B AUM 1.05% 1-Year Est. Return

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

American Century Companies Kansas City, Missouri $226B AUM 44.75% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $225B AUM 49.49% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Allianz Asset Management Munich, Germany $123B AUM 45.23% 1-Year Est. Return

Dark Forest Capital Management's BFH Position: Q4 2025 in Review

Dark Forest Capital Management sold out of Bread Financial (BFH) in Q4 2025, closing a stake of 37,562 shares — an estimated $2.09M sold.

Dark Forest Capital Management first reported a position in BFH in Q2 2021 and held it in 8 quarters. The position peaked at $6.21M in Q3 2022. 374 funds tracked by Wall St. Rank hold BFH as of Q4 2025.

Dark Forest Capital Management reported no remaining Bread Financial position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 37,562 Bread Financial shares in Q4 2025, an estimated $2.09M.
Dark Forest Capital Management first reported a position in Bread Financial in Q2 2021 and held it in 8 quarters.
Dark Forest Capital Management's Bread Financial position peaked at $6.21M in Q3 2022.
374 funds tracked by Wall St. Rank held Bread Financial as of Q4 2025.

Based on Dark Forest Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.