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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
EFC
426
Ellington Financial
EFC
$1.69B
$821K 0.07%
69,311
-217,472
-76% -$2.77M
PRLB icon
427
Protolabs
PRLB
$1.89B
$812K 0.07%
14,248
-1,695
-11% -$98.4K
SXT icon
428
Sensient Technologies
SXT
$4.7B
$807K 0.07%
9,338
+5,781
+163% +$541K
EMN icon
429
Eastman Chemical
EMN
$7.99B
$804K 0.07%
10,541
+2,101
+25% +$151K
EQH icon
430
Equitable Holdings
EQH
$13.3B
$802K 0.07%
21,610
-17,836
-45% -$764K
A icon
431
Agilent Technologies
A
$38.1B
$800K 0.07%
+7,018
New +$890K
SRRK icon
432
Scholar Rock
SRRK
$5.85B
$798K 0.07%
16,225
-48,309
-75% -$2.16M
EFSC icon
433
Enterprise Financial Services Corp
EFSC
$2.42B
$796K 0.07%
+14,707
New +$829K
SN icon
434
SharkNinja
SN
$20.6B
$795K 0.07%
7,505
-11
-0.1% -$1.29K
SIG icon
435
Signet Jewelers
SIG
$3.55B
$794K 0.07%
9,386
-23,986
-72% -$2.18M
BOOT icon
436
Boot Barn
BOOT
$4.53B
$789K 0.07%
5,393
-5,045
-48% -$915K
AN icon
437
AutoNation
AN
$6.86B
$788K 0.07%
4,038
-3,526
-47% -$712K
BC icon
438
Brunswick
BC
$5.31B
$782K 0.07%
10,752
-17,438
-62% -$1.41M
SKWD icon
439
Skyward Specialty Insurance
SKWD
$2.36B
$780K 0.07%
+17,867
New +$812K
DECK icon
440
Deckers Outdoor
DECK
$14.2B
$780K 0.07%
7,797
-21,568
-73% -$2.31M
TILE icon
441
Interface
TILE
$1.91B
$780K 0.07%
+31,284
New +$936K
CECO icon
442
Ceco Environmental
CECO
$4.82B
$779K 0.07%
+13,083
New +$842K
TGLS icon
443
Tecnoglass
TGLS
$2.01B
$775K 0.07%
+17,399
New +$840K
CAI
444
Caris Life Sciences
CAI
$4.37B
$770K 0.07%
43,080
-35,083
-45% -$767K
RKT icon
445
Rocket Companies
RKT
$38.1B
$770K 0.07%
54,041
-18,180
-25% -$331K
MBC icon
446
MasterBrand
MBC
$1.09B
$769K 0.07%
92,497
+11,831
+15% +$128K
ULS icon
447
UL Solutions
ULS
$17.2B
$766K 0.07%
+8,937
New +$705K
U icon
448
Unity
U
$12.7B
$763K 0.07%
+34,798
New +$965K
WMG icon
449
Warner Music
WMG
$14.4B
$758K 0.07%
29,698
-89,127
-75% -$2.53M
TDG icon
450
TransDigm Group
TDG
$67.1B
$754K 0.07%
651
-195
-23% -$256K
16 17
18
19 20

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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.