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DFCM

Dark Forest Capital Management Portfolio holdings

AUM $1.13B
1-Year Est. Return 18.74%
This Fund
S&P 500
This Quarter Est. Return
-0.95%
1 Year Est. Return
+18.74%
3 Year Est. Return
+51.22%
5 Year Est. Return
+55.27%
10 Year Est. Return
–
AUM
$1.13B
AUM Growth
-$1.06B
Cap. Flow
-$1.04B
Cap. Flow %
-92.28%
Top 10 Hldgs %
8.34%
Holding
1,215
New
284
Increased
139
Reduced
338
Closed
449

Top Buys

Rank Stock Value
1
CDE icon
Coeur Mining
CDE
+$11.4M
2
TPG icon
TPG
TPG
+$9.58M
3
SOFI icon
SoFi Technologies
SOFI
+$7.05M
4
FWONK icon
Liberty Media Series C
FWONK
+$6.49M
5
Z icon
Zillow
Z
+$6.11M

Top Sells

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$30.9M
2
WMT icon
Walmart Inc
WMT
+$15.7M
3
CVX icon
Chevron
CVX
+$15M
4
SPG icon
Simon Property Group
SPG
+$12.5M
5
BROS icon
Dutch Bros
BROS
+$9.95M

Sector Composition

Rank Sector Weight
1 Financials 21.03%
2 Technology 15.44%
3 Industrials 15.31%
4 Consumer Discretionary 12.17%
5 Healthcare 9.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PACS icon
226
PACS Group
PACS
$7.08B
$1.57M 0.14%
+48,787
New +$1.79M
BUSE icon
227
First Busey Corp
BUSE
$2.53B
$1.55M 0.14%
61,401
-79,327
-56% -$2M
NHI icon
228
National Health Investors
NHI
$3.93B
$1.55M 0.14%
19,162
+10,146
+113% +$845K
PLTR icon
229
Palantir
PLTR
$318B
$1.54M 0.14%
10,535
-15,424
-59% -$2.36M
ICFI icon
230
ICF International
ICFI
$1.4B
$1.54M 0.14%
+23,577
New +$1.92M
CNO icon
231
CNO Financial Group
CNO
$4.95B
$1.54M 0.14%
37,445
-27,238
-42% -$1.14M
TOWN icon
232
Towne Bank
TOWN
$3.32B
$1.54M 0.14%
45,612
+9,781
+27% +$340K
KMB icon
233
Kimberly-Clark
KMB
$35.9B
$1.53M 0.14%
15,888
-4,286
-21% -$439K
NFLX icon
234
Netflix
NFLX
$286B
$1.53M 0.14%
15,940
+11,332
+246% +$998K
SMMT icon
235
Summit Therapeutics
SMMT
$11.4B
$1.53M 0.14%
80,780
-6,289
-7% -$102K
MAT icon
236
Mattel
MAT
$4.13B
$1.52M 0.14%
+104,923
New +$1.91M
WHR icon
237
Whirlpool
WHR
$2.36B
$1.52M 0.14%
+28,238
New +$2.07M
KEY icon
238
KeyCorp
KEY
$25.2B
$1.52M 0.13%
75,802
-84,520
-53% -$1.77M
RCL icon
239
Royal Caribbean
RCL
$77.2B
$1.52M 0.13%
5,516
+1,605
+41% +$478K
BWA icon
240
BorgWarner
BWA
$12.6B
$1.52M 0.13%
+27,926
New +$1.47M
NMRK icon
241
Newmark Group
NMRK
$2.75B
$1.51M 0.13%
101,059
+38,336
+61% +$605K
PNFP icon
242
Pinnacle Financial Partners Inc
PNFP
$14.6B
$1.51M 0.13%
17,578
-25,244
-59% -$2.35M
MGRC icon
243
McGrath RentCorp
MGRC
$2.89B
$1.51M 0.13%
13,712
+1,926
+16% +$214K
WK icon
244
Workiva
WK
$3.08B
$1.51M 0.13%
25,329
+10,175
+67% +$710K
ALAB icon
245
Astera Labs
ALAB
$54.8B
$1.49M 0.13%
13,614
+10,871
+396% +$1.55M
BALL icon
246
Ball Corp
BALL
$16.6B
$1.49M 0.13%
+25,185
New +$1.53M
MMSI icon
247
Merit Medical Systems
MMSI
$4.38B
$1.49M 0.13%
+21,594
New +$1.69M
BLDR icon
248
Builders FirstSource
BLDR
$7.5B
$1.48M 0.13%
+17,970
New +$1.92M
VISN
249
Vistance Networks Inc
VISN
$2.69B
$1.47M 0.13%
80,913
-95,699
-54% -$1.75M
DVA icon
250
DaVita
DVA
$15B
$1.47M 0.13%
9,579
-5,058
-35% -$686K
8 9
10
11 12

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Dark Forest Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Dark Forest Capital Management held 1,215 positions worth $1.13B, down 49% from $2.19B the previous quarter. Its ten largest holdings account for 8.3% of the portfolio.

Dark Forest Capital Management withdrew a net $1.04B in Q1 2026, closing 449 positions and reducing 338 holdings. Its most notable exit was Chevron, an estimated $15M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 18% a quarter earlier, followed by Technology and Industrials.

Against the trend, Dark Forest Capital Management opened a new position in Liberty Media Series C worth $6.31M.

  • Dark Forest Capital Management's largest Q1 2026 buy was Liberty Media Series C: 74,238 shares worth $6.31M.
  • Dark Forest Capital Management added most to Coeur Mining in Q1 2026, an estimated $11.4M increase.
  • Dark Forest Capital Management's biggest Q1 2026 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $30.9M.
  • Dark Forest Capital Management fully exited Chevron in Q1 2026, selling an estimated $15M.
  • Dark Forest Capital Management's ten largest holdings make up 8.3% of its $1.13B portfolio in Q1 2026.
  • Dark Forest Capital Management opened 284 new positions and closed 449 in Q1 2026.
  • Dark Forest Capital Management's portfolio value fell 49% quarter-over-quarter to $1.13B.

Based on Dark Forest Capital Management's 13F filing for Q1 2026, filed 15 May 2026.