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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
(-49%)
Cap. Flow
-$1.04B
Cap. Flow
% of AUM
-92.28%
Top 10 Holdings %
Top 10 Hldgs %
8.34%
Holding
1,215
New
284
Increased
139
Reduced
338
Closed
449
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coeur Mining
CDE
|
+$11.4M |
| 2 |
TPG
TPG
|
+$9.58M |
| 3 |
SoFi Technologies
SOFI
|
+$7.05M |
| 4 |
Liberty Media Series C
FWONK
|
+$6.49M |
| 5 |
Zillow
Z
|
+$6.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$30.9M |
| 2 |
Walmart Inc
WMT
|
+$15.7M |
| 3 |
Chevron
CVX
|
+$15M |
| 4 |
Simon Property Group
SPG
|
+$12.5M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
351
Newell Brands
NWL
$2.28B
| $1.06M | 0.09% |
308,270
-391,053
| -56% | -$1.64M |
|
352
Ecovyst
ECVT
$1.41B
| $1.06M | 0.09% |
82,221
+66,685
| +429% | +$753K |
|
353
Evercore
EVR
$13.1B
| $1.06M | 0.09% |
+3,540
| New | +$1.16M |
|
354
Generac Holdings
GNRC
$12.7B
| $1.06M | 0.09% |
+5,408
| New | +$1.04M |
|
355
Stock Yards Bancorp
SYBT
$2.36B
| $1.06M | 0.09% |
15,931
+1,576
| +11% | +$105K |
|
356
NextEra Energy
NEE
$186B
| $1.05M | 0.09% |
11,334
-96,847
| -90% | -$8.61M |
|
357
Zscaler
ZS
$23.2B
| $1.04M | 0.09% |
7,397
-6,519
| -47% | -$1.16M |
|
358
Kodiak Gas Services
KGS
$6.8B
| $1.04M | 0.09% |
+17,759
| New | +$862K |
|
359
Safety Insurance
SAFT
$1.06B
| $1.03M | 0.09% |
14,176
-26,332
| -65% | -$2M |
|
360
Alpha Metallurgical Resources
AMR
$1.85B
| $1.02M | 0.09% |
4,992
-859
| -15% | -$174K |
|
361
UFP Industries
UFPI
$4.89B
| $1.02M | 0.09% |
11,107
-8,610
| -44% | -$870K |
|
362
Worthington Enterprises
WOR
$2.69B
| $1.02M | 0.09% |
19,602
-22,044
| -53% | -$1.18M |
|
363
Carrier Global
CARR
$56.5B
| $1.01M | 0.09% |
+17,965
| New | +$1.06M |
|
364
Cavco Industries
CVCO
$4.43B
| $1.01M | 0.09% |
+2,084
| New | +$1.18M |
|
365
McCormick & Company Non-Voting
MKC
$13.9B
| $1.01M | 0.09% |
+20,005
| New | +$1.27M |
|
366
Revolve Group
RVLV
$1.82B
| $1M | 0.09% |
44,283
-36,072
| -45% | -$947K |
|
367
Freeport-McMoran
FCX
$93.2B
| $996K | 0.09% |
16,948
+2,659
| +19% | +$161K |
|
|
STEL
368
DELISTED
Stellar Bancorp
STEL
| $996K | 0.09% |
+27,203
| New | +$975K |
|
369
Medpace
MEDP
$15.3B
| $990K | 0.09% |
2,062
+1,661
| +414% | +$850K |
|
370
Korn Ferry
KFY
$3.96B
| $985K | 0.09% |
+15,644
| New | +$1.01M |
|
371
ACV Auctions
ACVA
$1.34B
| $984K | 0.09% |
232,184
-10,863
| -4% | -$71.1K |
|
372
Church & Dwight Co
CHD
$22.9B
| $983K | 0.09% |
10,535
-34,428
| -77% | -$3.31M |
|
373
HEICO Corp
HEI
$47.4B
| $978K | 0.09% |
+3,566
| New | +$1.15M |
|
374
Vulcan Materials
VMC
$36.2B
| $976K | 0.09% |
3,586
-7,316
| -67% | -$2.15M |
|
375
Revolution Medicines
RVMD
$39.1B
| $972K | 0.09% |
9,994
-13,464
| -57% | -$1.36M |
|
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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.