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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
OLED icon
301
Universal Display
OLED
$3.81B
$1.23M 0.11%
+13,453
New +$1.49M
OLLI icon
302
Ollie's Bargain Outlet
OLLI
$4.08B
$1.23M 0.11%
13,378
+8,002
+149% +$864K
PUMP icon
303
ProPetro Holding
PUMP
$1.62B
$1.23M 0.11%
85,444
+5,816
+7% +$69.5K
DDS icon
304
Dillards
DDS
$8.87B
$1.23M 0.11%
2,151
-2,853
-57% -$1.78M
TREX icon
305
Trex
TREX
$4.46B
$1.22M 0.11%
33,625
+14,736
+78% +$593K
C icon
306
Citigroup
C
$223B
$1.22M 0.11%
10,794
-5,614
-34% -$639K
JAZZ icon
307
Jazz Pharmaceuticals
JAZZ
$15.3B
$1.22M 0.11%
6,472
+4,537
+234% +$793K
WLDN icon
308
Willdan Group
WLDN
$1.1B
$1.22M 0.11%
15,961
+6,763
+74% +$715K
CSTM icon
309
Constellium
CSTM
$3.88B
$1.22M 0.11%
+49,438
New +$1.18M
NEU icon
310
NewMarket
NEU
$7.19B
$1.2M 0.11%
+1,872
New +$1.21M
GOLD
311
Gold.com Inc
GOLD
$1.16B
$1.2M 0.11%
+29,900
New +$1.46M
CNS icon
312
Cohen & Steers
CNS
$4.15B
$1.19M 0.11%
19,089
-43,875
-70% -$2.86M
FIX icon
313
Comfort Systems
FIX
$62.4B
$1.19M 0.11%
865
-1,031
-54% -$1.31M
FHB icon
314
First Hawaiian
FHB
$3.54B
$1.19M 0.11%
48,353
-85,047
-64% -$2.19M
AMBA icon
315
Ambarella
AMBA
$3.13B
$1.19M 0.11%
+23,073
New +$1.44M
TRS icon
316
TriMas Corp
TRS
$1.45B
$1.19M 0.11%
32,972
-23,074
-41% -$828K
UPST icon
317
Upstart Holdings
UPST
$2.8B
$1.18M 0.1%
45,836
-38,244
-45% -$1.35M
TER icon
318
Teradyne
TER
$58.6B
$1.17M 0.1%
3,961
-15,271
-79% -$4.26M
MOH icon
319
Molina Healthcare
MOH
$12B
$1.17M 0.1%
8,795
+4,463
+103% +$710K
FWONA icon
320
Liberty Media Series A
FWONA
$22.8B
$1.17M 0.1%
15,000
– –
BKV
321
BKV Corp
BKV
$2.78B
$1.15M 0.1%
+40,388
New +$1.17M
MSA icon
322
Mine Safety
MSA
$6.61B
$1.15M 0.1%
7,020
-14,443
-67% -$2.64M
J icon
323
Jacobs Solutions
J
$15.3B
$1.15M 0.1%
9,038
-561
-6% -$76.3K
WAB icon
324
Wabtec
WAB
$44.7B
$1.15M 0.1%
+4,589
New +$1.11M
BKE icon
325
Buckle
BKE
$2.2B
$1.14M 0.1%
+22,733
New +$1.18M
11 12
13
14 15

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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.