Dark Forest Capital Management’s Northern Oil and Gas NOG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-195,702	Closed	-$4.2M	–	1027
2025 Q4	$4.2M	Buy	195,702 +173,432	+779%	+$3.89M	0.19%	135
2025 Q3	$552K	Sell	22,270 -79,396	-78%	-$2.11M	0.02%	899
2025 Q2	$2.88M	Buy	101,666 +74,541	+275%	+$2.01M	0.12%	288
2025 Q1	$820K	Buy	+27,125	New	+$929K	0.04%	782
2024 Q2	–	Sell	-6,663	Closed	-$264K	–	820
2024 Q1	$264K	Sell	6,663 -5,926	-47%	-$210K	0.04%	512
2023 Q4	$467K	Sell	12,589 -11,758	-48%	-$445K	0.07%	243
2023 Q3	$979K	Buy	24,347 +13,964	+134%	+$551K	0.08%	419
2023 Q2	$356K	Sell	10,383 -21,536	-67%	-$698K	0.04%	759
2023 Q1	$969K	Sell	31,919 -4,182	-12%	-$130K	0.23%	88
2022 Q4	$1.11M	Sell	36,101 -22,644	-39%	-$762K	0.27%	94
2022 Q3	$1.61M	Buy	58,745 +44,300	+307%	+$1.25M	0.29%	100
2022 Q2	$365K	Sell	14,445 -5,531	-28%	-$161K	0.08%	244
2022 Q1	$563K	Buy	+19,976	New	+$490K	0.13%	196
2021 Q4	–	Sell	-2,037	Closed	-$44K	–	1674
2021 Q3	$44K	Buy	+2,037	New	+$35.6K	0.02%	600