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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
ICE icon
276
Intercontinental Exchange
ICE
$78.4B
$1.36M 0.12%
+8,657
New +$1.41M
NPKI
277
NPK International
NPKI
$1.22B
$1.36M 0.12%
+93,702
New +$1.3M
BMI icon
278
Badger Meter
BMI
$4.33B
$1.36M 0.12%
8,901
+5,099
+134% +$800K
GTM
279
ZoomInfo Technologies
GTM
$922M
$1.34M 0.12%
+224,838
New +$1.65M
ROP icon
280
Roper Technologies
ROP
$36.6B
$1.34M 0.12%
3,784
-9,488
-71% -$3.5M
DHR icon
281
Danaher
DHR
$127B
$1.34M 0.12%
+7,044
New +$1.5M
ROIV icon
282
Roivant Sciences
ROIV
$24.5B
$1.34M 0.12%
48,209
+29,902
+163% +$768K
DV icon
283
DoubleVerify
DV
$1.77B
$1.33M 0.12%
139,847
-132,781
-49% -$1.36M
GFS icon
284
GlobalFoundries
GFS
$32.6B
$1.33M 0.12%
29,847
-98,264
-77% -$4.33M
MKTX icon
285
MarketAxess Holdings
MKTX
$4.08B
$1.33M 0.12%
8,044
+3,416
+74% +$599K
IDT icon
286
IDT Corp
IDT
$1.57B
$1.29M 0.11%
26,228
-3,515
-12% -$174K
PENN icon
287
PENN Entertainment
PENN
$2.84B
$1.28M 0.11%
85,239
-62,501
-42% -$869K
STX icon
288
Seagate
STX
$202B
$1.28M 0.11%
+3,264
New +$1.25M
MPC icon
289
Marathon Petroleum
MPC
$92.1B
$1.28M 0.11%
+5,231
New +$1.06M
SFBS
290
ServisFirst Bancshares
SFBS
$4.68B
$1.27M 0.11%
17,506
+13,413
+328% +$1.06M
ALG icon
291
Alamo Group
ALG
$1.95B
$1.27M 0.11%
7,706
-6,162
-44% -$1.16M
P
292
Everpure Inc
P
$23.2B
$1.25M 0.11%
+21,256
New +$1.44M
NWN icon
293
Northwest Natural Holdings
NWN
$2.14B
$1.25M 0.11%
+23,528
New +$1.17M
QTWO icon
294
Q2 Holdings
QTWO
$3.45B
$1.25M 0.11%
+26,424
New +$1.49M
FHN icon
295
First Horizon
FHN
$12.1B
$1.25M 0.11%
+54,813
New +$1.31M
CROX icon
296
Crocs
CROX
$6.73B
$1.25M 0.11%
+15,019
New +$1.29M
KO icon
297
Coca-Cola
KO
$353B
$1.24M 0.11%
+16,368
New +$1.24M
ASTS icon
298
AST SpaceMobile
ASTS
$18.9B
$1.24M 0.11%
15,020
-30,602
-67% -$2.89M
PTON icon
299
Peloton Interactive
PTON
$2.82B
$1.24M 0.11%
289,057
+105,632
+58% +$515K
LFST icon
300
Lifestance Health
LFST
$4.33B
$1.23M 0.11%
193,773
-52,874
-21% -$368K
10 11
12
13 14

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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.