Dark Forest Capital Management’s Coupang CPNG Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-79,774	Closed	-$2.57M	–	1038
2025 Q3	$2.57M	Buy	79,774 +5,334	+7%	+$161K	0.1%	368
2025 Q2	$2.23M	Sell	74,440 -110,742	-60%	-$2.84M	0.09%	401
2025 Q1	$4.06M	Buy	185,182 +152,161	+461%	+$3.54M	0.18%	120
2024 Q4	$726K	Buy	+33,021	New	+$811K	0.11%	273
2023 Q4	–	Sell	-21,743	Closed	-$370K	–	596
2023 Q3	$370K	Buy	+21,743	New	+$391K	0.03%	824
2023 Q2	–	Sell	-13,655	Closed	-$218K	–	1104
2023 Q1	$218K	Buy	13,655 +11,693	+596%	+$181K	0.05%	350
2022 Q4	$28.9K	Buy	1,962 +1,725	+728%	+$30.4K	0.01%	492
2022 Q3	$4K	Sell	237 -504	-68%	-$8.71K	﹤0.01%	925
2022 Q2	$9K	Sell	741 -16,198	-96%	-$221K	﹤0.01%	543
2022 Q1	$299K	Buy	+16,939	New	+$362K	0.07%	303

Other funds holding CPNG

SIAU

SB Investment Advisers (UK) London, United Kingdom $7.73B AUM 2.35% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

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

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

WCM Investment Management Laguna Beach, California $43.8B AUM 42.28% 1-Year Est. Return

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

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

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

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

Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return

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

Dark Forest Capital Management sold out of Coupang (CPNG) in Q4 2025, closing a stake of 79,774 shares — an estimated $2.57M sold.

Dark Forest Capital Management first reported a position in CPNG in Q1 2022 and held it in 10 quarters. The position peaked at $4.06M in Q1 2025. 653 funds tracked by Wall St. Rank hold CPNG as of Q4 2025.

Dark Forest Capital Management reported no remaining Coupang position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 79,774 Coupang shares in Q4 2025, an estimated $2.57M.
Dark Forest Capital Management first reported a position in Coupang in Q1 2022 and held it in 10 quarters.
Dark Forest Capital Management's Coupang position peaked at $4.06M in Q1 2025.
653 funds tracked by Wall St. Rank held Coupang as of Q4 2025.

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