Dark Forest Capital Management’s Bilibili BILI Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-12,335	Closed	-$346K	–	986
2025 Q3	$346K	Sell	12,335 -22,920	-65%	-$549K	0.01%	1008
2025 Q2	$756K	Buy	+35,255	New	+$649K	0.03%	831
2024 Q3	–	Sell	-31,739	Closed	-$490K	–	970
2024 Q2	$490K	Buy	+31,739	New	+$442K	0.09%	278

Other funds holding BILI

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

YCM

Yiheng Capital Management San Francisco, California $231M AUM 29.07% 1-Year Est. Return

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

SIH Partners Wilmington, Delaware $7.58B AUM 5.28% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return

SCM

Step Capital Management Singapore $249M AUM

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

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

Dark Forest Capital Management sold out of Bilibili (BILI) in Q4 2025, closing a stake of 12,335 shares — an estimated $346K sold.

Dark Forest Capital Management first reported a position in BILI in Q2 2024 and held it in 3 quarters. The position peaked at $756K in Q2 2025. 161 funds tracked by Wall St. Rank hold BILI as of Q4 2025.

Dark Forest Capital Management reported no remaining Bilibili position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 12,335 Bilibili shares in Q4 2025, an estimated $346K.
Dark Forest Capital Management first reported a position in Bilibili in Q2 2024 and held it in 3 quarters.
Dark Forest Capital Management's Bilibili position peaked at $756K in Q2 2025.
161 funds tracked by Wall St. Rank held Bilibili as of Q4 2025.

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