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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 | |
|---|---|---|---|---|---|---|
376
C3.ai
AI
$1.29B
| $970K | 0.09% |
115,187
+26,200
| +29% | +$281K |
|
377
Otter Tail
OTTR
$3.84B
| $961K | 0.09% |
10,950
-14,140
| -56% | -$1.22M |
|
378
Unifirst Corp
UNF
$5.21B
| $957K | 0.09% |
+3,804
| New | +$877K |
|
379
Floor & Decor
FND
$5.82B
| $957K | 0.08% |
+18,834
| New | +$1.23M |
|
380
Alignment Healthcare
ALHC
$4.37B
| $956K | 0.08% |
54,270
-44,297
| -45% | -$890K |
|
|
CRCL
381
Circle Internet Group
CRCL
$16.9B
| $956K | 0.08% |
10,022
+2,935
| +41% | +$249K |
|
382
Novanta
NOVT
$5.25B
| $954K | 0.08% |
+8,076
| New | +$1.06M |
|
383
Yeti Holdings
YETI
$3.85B
| $952K | 0.08% |
26,007
+9,339
| +56% | +$411K |
|
384
WSFS Financial
WSFS
$4.08B
| $948K | 0.08% |
14,486
-11,407
| -44% | -$719K |
|
385
Sonos
SONO
$1.71B
| $945K | 0.08% |
70,507
-43,196
| -38% | -$653K |
|
386
Hycroft Mining Holding Corp
HYMC
$1.99B
| $944K | 0.08% |
+26,829
| New | +$1.04M |
|
|
AAT
387
American Assets Trust
AAT
$1.51B
| $943K | 0.08% |
51,237
+2,421
| +5% | +$45.3K |
|
388
GeneDx Holdings
WGS
$1.8B
| $941K | 0.08% |
+14,656
| New | +$1.34M |
|
|
HAPN
389
Happen Inc
HAPN
$2.17B
| $939K | 0.08% |
65,557
-119,707
| -65% | -$2M |
|
390
Dentsply Sirona
XRAY
$2.68B
| $933K | 0.08% |
80,413
-519,021
| -87% | -$6.47M |
|
391
Bio-Rad Laboratories Class A
BIO
$8.12B
| $932K | 0.08% |
+3,344
| New | +$963K |
|
392
Norfolk Southern
NSC
$74.4B
| $929K | 0.08% |
+3,238
| New | +$962K |
|
393
Western Alliance Bancorporation
WAL
$8.87B
| $927K | 0.08% |
13,090
-29,682
| -69% | -$2.47M |
|
|
SFD
394
Smithfield Foods
SFD
$10.4B
| $922K | 0.08% |
32,978
-169,201
| -84% | -$4.07M |
|
395
Resideo Technologies
REZI
$5.12B
| $918K | 0.08% |
+27,219
| New | +$972K |
|
396
Levi Strauss
LEVI
$9.41B
| $917K | 0.08% |
49,609
+7,253
| +17% | +$149K |
|
397
Qualys
QLYS
$4.97B
| $915K | 0.08% |
+10,419
| New | +$1.15M |
|
398
Starbucks
SBUX
$119B
| $915K | 0.08% |
10,209
-86,855
| -89% | -$8.22M |
|
399
Granite Construction
GVA
$5.5B
| $913K | 0.08% |
7,614
+731
| +11% | +$91.2K |
|
400
Columbia Sportswear
COLM
$3.28B
| $906K | 0.08% |
16,538
+7,957
| +93% | +$458K |
|
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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.