Dark Forest Capital Management’s iShares CMBS ETF CMBS Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-4,884	Closed	-$240K	–	1027
2025 Q3	$240K	Hold	4,884	–	–	0.01%	1065
2025 Q2	$238K	Sell	4,884 -18,831	-79%	-$906K	0.01%	1060
2025 Q1	$1.14M	Sell	23,715 -473	-2%	-$22.6K	0.05%	623
2024 Q4	$1.14M	Sell	24,188 -4,862	-17%	-$232K	0.17%	139
2024 Q3	$1.42M	Buy	29,050 +19,336	+199%	+$927K	0.18%	116
2024 Q2	$456K	Buy	+9,714	New	+$452K	0.08%	292

Other funds holding CMBS

Syon Capital San Francisco, California $1.99B AUM 22.67% 1-Year Est. Return

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

AWM

AE Wealth Management Topeka, Kansas $18.5B AUM 19.51% 1-Year Est. Return

Arvest Investments Rogers, Arkansas $827M AUM 21.19% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

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

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Hancock Whitney Gulfport, Mississippi $5.75B AUM 24.3% 1-Year Est. Return

PRI

Prepared Retirement Institute Lansdale, Pennsylvania $202M AUM 12.94% 1-Year Est. Return

Prudential plc London, England, United Kingdom $17.1B AUM 15.7% 1-Year Est. Return

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

Dark Forest Capital Management sold out of iShares CMBS ETF (CMBS) in Q4 2025, closing a stake of 4,884 shares — an estimated $240K sold.

Dark Forest Capital Management first reported a position in CMBS in Q2 2024 and held it in 6 quarters. The position peaked at $1.42M in Q3 2024. 94 funds tracked by Wall St. Rank hold CMBS as of Q4 2025.

Dark Forest Capital Management reported no remaining iShares CMBS ETF position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 4,884 iShares CMBS ETF shares in Q4 2025, an estimated $240K.
Dark Forest Capital Management first reported a position in iShares CMBS ETF in Q2 2024 and held it in 6 quarters.
Dark Forest Capital Management's iShares CMBS ETF position peaked at $1.42M in Q3 2024.
94 funds tracked by Wall St. Rank held iShares CMBS ETF as of Q4 2025.

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