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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
CRH icon
326
CRH
CRH
$66.6B
$1.14M 0.1%
+10,877
New +$1.28M
LAUR icon
327
Laureate Education
LAUR
$5.05B
$1.13M 0.1%
32,567
-200,939
-86% -$6.88M
SON icon
328
Sonoco
SON
$5.41B
$1.13M 0.1%
20,969
-37,881
-64% -$1.95M
ESE icon
329
ESCO Technologies
ESE
$8.32B
$1.13M 0.1%
+4,024
New +$1.01M
ENSG icon
330
The Ensign Group
ENSG
$9.99B
$1.13M 0.1%
+5,608
New +$1.1M
SWK icon
331
Stanley Black & Decker
SWK
$13.7B
$1.13M 0.1%
15,881
-1,994
-11% -$160K
LII icon
332
Lennox International
LII
$18.4B
$1.12M 0.1%
2,419
-5,575
-70% -$2.87M
LMT icon
333
Lockheed Martin
LMT
$117B
$1.12M 0.1%
1,855
-6,270
-77% -$3.86M
BBWI icon
334
Bath & Body Works
BBWI
$4.09B
$1.12M 0.1%
59,879
+31,648
+112% +$684K
FCN icon
335
FTI Consulting
FCN
$4.68B
$1.12M 0.1%
6,310
-4,215
-40% -$719K
CYTK icon
336
Cytokinetics
CYTK
$11B
$1.11M 0.1%
+16,914
New +$1.07M
GBCI icon
337
Glacier Bancorp
GBCI
$6.8B
$1.11M 0.1%
+24,918
New +$1.18M
CCC
338
CCC Intelligent Solutions
CCC
$3.58B
$1.11M 0.1%
185,404
+138,370
+294% +$906K
AAOI icon
339
Applied Optoelectronics
AAOI
$9.57B
$1.11M 0.1%
13,086
-50,097
-79% -$3.2M
SCL icon
340
Stepan Co
SCL
$1.31B
$1.1M 0.1%
22,077
-25,394
-53% -$1.36M
RMD icon
341
ResMed
RMD
$28.8B
$1.1M 0.1%
+4,894
New +$1.22M
PAGS icon
342
PagSeguro Digital
PAGS
$2.68B
$1.09M 0.1%
+109,134
New +$1.14M
CMPR icon
343
Cimpress
CMPR
$2.5B
$1.09M 0.1%
14,973
+5,657
+61% +$418K
KNSL icon
344
Kinsale Capital Group
KNSL
$7.83B
$1.09M 0.1%
3,190
-1,718
-35% -$651K
PTEN icon
345
Patterson-UTI
PTEN
$4B
$1.09M 0.1%
100,565
-45,249
-31% -$387K
AGO icon
346
Assured Guaranty
AGO
$3.78B
$1.08M 0.1%
+13,283
New +$1.13M
SNPS icon
347
Synopsys
SNPS
$74.5B
$1.08M 0.1%
+2,715
New +$1.23M
SGRY icon
348
Surgery Partners
SGRY
$2.13B
$1.08M 0.1%
+90,198
New +$1.29M
MGEE icon
349
MGE Energy Inc
MGEE
$3.07B
$1.07M 0.09%
13,833
-13,505
-49% -$1.06M
RYAN icon
350
Ryan Specialty Holdings
RYAN
$5.43B
$1.06M 0.09%
31,369
-2,985
-9% -$127K
12 13
14
15 16

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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.