Dark Forest Capital Management’s Upstart Holdings UPST Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$612K	Sell	17,280 -28,556	-62%	-$880K	0.04%	613
2026 Q1	$1.18M	Sell	45,836 -38,244	-45%	-$1.35M	0.1%	317
2025 Q4	$3.68M	Buy	+84,080	New	+$3.87M	0.17%	170
2022 Q3	–	Sell	-5,176	Closed	-$164K	–	1449
2022 Q2	$164K	Sell	5,176 -1,806	-26%	-$108K	0.03%	324
2022 Q1	$762K	Buy	+6,982	New	+$804K	0.18%	163
2021 Q4	–	Sell	-359	Closed	-$114K	–	1788
2021 Q3	$114K	Buy	+359	New	+$70.8K	0.04%	351

Other funds holding UPST

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Marshall Wace London, United Kingdom $127B AUM 46.06% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Clear Street New York $39.5B AUM 124.03% 1-Year Est. Return

HFF

Halter Ferguson Financial Carmel, Indiana $617M AUM 69.99% 1-Year Est. Return

Dark Forest Capital Management's UPST Position: Q2 2026 in Review

Dark Forest Capital Management reduced its Upstart Holdings (UPST) stake by 62% in Q2 2026, selling an estimated $880K and leaving 17,280 shares worth $612K. The position accounts for 0.04% of the portfolio, ranked #613.

Dark Forest Capital Management first reported a position in UPST in Q3 2021 and has held it in 6 quarters since. The position peaked at $3.68M in Q4 2025. 368 funds tracked by Wall St. Rank hold UPST as of Q2 2026.

Dark Forest Capital Management held 17,280 shares of Upstart Holdings worth $612K as of Q2 2026.
Dark Forest Capital Management sold 28,556 Upstart Holdings shares in Q2 2026, an estimated $880K.
Upstart Holdings made up 0.04% of Dark Forest Capital Management's portfolio in Q2 2026, its #613 holding.
Dark Forest Capital Management first reported a position in Upstart Holdings in Q3 2021 and has held it in 6 quarters since.
Dark Forest Capital Management's Upstart Holdings position peaked at $3.68M in Q4 2025.
368 funds tracked by Wall St. Rank held Upstart Holdings as of Q2 2026.

Based on Dark Forest Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.