DFCM
FOUR icon

Dark Forest Capital Management’s Shift4 FOUR Stock Holding History

Dark Forest Capital Management’s Portfolio FOUR Stock Details FOUR Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-24,109
Closed -$1.87M – 1107
2025
Q3 		$1.87M Buy
24,109
+11,651
+94% +$1.08M 0.07% 490
2025
Q2 		$1.23M Buy
+12,458
New +$1.09M 0.05% 669
2025
Q1 		– Sell
-3,509
Closed -$364K – 1302
2024
Q4 		$364K Sell
3,509
-80,085
-96% -$7.95M 0.05% 575
2024
Q3 		$7.41M Buy
+83,594
New +$6.34M 0.95% 7
2024
Q2 		– Sell
-94,758
Closed -$6.26M – 734
2024
Q1 		$6.26M Sell
94,758
-155,286
-62% -$11.7M 1.06% 10
2023
Q4 		$18.6M Buy
+250,044
New +$14.9M 2.79% 3
2023
Q3 		– Sell
-130,345
Closed -$8.85M – 1155
2023
Q2 		$8.85M Buy
+130,345
New +$8.54M 0.82% 7
2022
Q3 		– Sell
-467
Closed -$15K – 1234
2022
Q2 		$15K Sell
467
-3,897
-89% -$184K ﹤0.01% 490
2022
Q1 		$270K Buy
4,364
+4,061
+1,340% +$214K 0.06% 328
2021
Q4 		$18K Buy
+303
New +$19.3K 0.01% 723
2021
Q3 		– Sell
-3,842
Closed -$360K – 1355
2021
Q2 		$360K Buy
+3,842
New +$363K 0.16% 63

Other funds holding FOUR

WA
Wasatch Advisors Salt Lake City, Utah $15.3B AUM 25.06% 1-Year Est. Return
DCP
Durable Capital Partners Bethesda, Maryland $9.71B AUM 26.27% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
DPCM
Darlington Partners Capital Management Greenbrae, California $2.23B AUM 16.2% 1-Year Est. Return
Neuberger Berman Group
Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return
Ensign Peak Advisors
Ensign Peak Advisors Salt Lake City, Utah $53.7B AUM 29.47% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return
ClearBridge Investments
ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

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

Dark Forest Capital Management sold out of Shift4 (FOUR) in Q4 2025, closing a stake of 24,109 shares — an estimated $1.87M sold.

Dark Forest Capital Management first reported a position in FOUR in Q2 2021 and held it in 11 quarters. The position peaked at $18.6M in Q4 2023. 402 funds tracked by Wall St. Rank hold FOUR as of Q4 2025.

  • Dark Forest Capital Management reported no remaining Shift4 position as of Q4 2025 after selling out during the quarter.
  • Dark Forest Capital Management sold 24,109 Shift4 shares in Q4 2025, an estimated $1.87M.
  • Dark Forest Capital Management first reported a position in Shift4 in Q2 2021 and held it in 11 quarters.
  • Dark Forest Capital Management's Shift4 position peaked at $18.6M in Q4 2023.
  • 402 funds tracked by Wall St. Rank held Shift4 as of Q4 2025.

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