Dark Forest Capital Management’s lululemon athletica LULU Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-8,411	Closed	-$1.5M	–	1191
2025 Q3	$1.5M	Buy	8,411 +3,009	+56%	+$603K	0.06%	585
2025 Q2	$1.28M	Buy	+5,402	New	+$1.49M	0.05%	652
2024 Q4	–	Sell	-3,143	Closed	-$853K	–	1159
2024 Q3	$853K	Buy	+3,143	New	+$834K	0.11%	202
2023 Q4	–	Sell	-44,292	Closed	-$17.1M	–	835
2023 Q3	$17.1M	Buy	44,292 +20,554	+87%	+$7.85M	1.32%	3
2023 Q2	$8.98M	Buy	23,738 +23,394	+6,801%	+$8.63M	0.83%	6
2023 Q1	$125K	Buy	+344	New	+$108K	0.03%	583
2022 Q3	–	Sell	-5,016	Closed	-$1.37M	–	1303
2022 Q2	$1.37M	Buy	5,016 +270	+6%	+$86.5K	0.29%	92
2022 Q1	$1.73M	Buy	+4,746	New	+$1.54M	0.41%	48

Other funds holding LULU

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

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

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Marshall Wace London, United Kingdom $100B AUM 35.1% 1-Year Est. Return

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

Flossbach Von Storch Cologne, Germany $21.4B AUM 8.31% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

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

Dark Forest Capital Management sold out of lululemon athletica (LULU) in Q4 2025, closing a stake of 8,411 shares — an estimated $1.5M sold.

Dark Forest Capital Management first reported a position in LULU in Q1 2022 and held it in 8 quarters. The position peaked at $17.1M in Q3 2023. 1,006 funds tracked by Wall St. Rank hold LULU as of Q4 2025.

Dark Forest Capital Management reported no remaining lululemon athletica position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 8,411 lululemon athletica shares in Q4 2025, an estimated $1.5M.
Dark Forest Capital Management first reported a position in lululemon athletica in Q1 2022 and held it in 8 quarters.
Dark Forest Capital Management's lululemon athletica position peaked at $17.1M in Q3 2023.
1,006 funds tracked by Wall St. Rank held lululemon athletica as of Q4 2025.

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