We are live on ! Find out more
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
BOKF icon
26
BOK Financial
BOKF
$8.58B
$6M 0.53%
46,828
-13,111
-22% -$1.68M
NIC icon
27
Nicolet Bankshares
NIC
$3.61B
$5.97M 0.53%
40,155
+36,568
+1,019% +$5.31M
LNG icon
28
Cheniere Energy
LNG
$55B
$5.92M 0.53%
20,847
-13,272
-39% -$3.06M
PFSI icon
29
PennyMac Financial
PFSI
$4.43B
$5.86M 0.52%
67,075
-16,316
-20% -$1.75M
DKNG icon
30
DraftKings
DKNG
$12.4B
$5.84M 0.52%
270,010
+183,584
+212% +$4.97M
VEEV icon
31
Veeva Systems
VEEV
$31.7B
$5.82M 0.52%
33,104
+6,772
+26% +$1.33M
LAZ icon
32
Lazard
LAZ
$4.25B
$5.67M 0.5%
133,357
-41,064
-24% -$2.01M
SUI icon
33
Sun Communities
SUI
$15B
$5.65M 0.5%
44,832
-4,323
-9% -$559K
SYK icon
34
Stryker
SYK
$123B
$5.59M 0.5%
17,012
+14,173
+499% +$5.09M
RPRX icon
35
Royalty Pharma
RPRX
$25.8B
$5.38M 0.48%
112,062
-166,251
-60% -$7.28M
BA icon
36
Boeing
BA
$169B
$5.09M 0.45%
25,586
+7,253
+40% +$1.65M
Z icon
37
Zillow
Z
$7.76B
$4.97M 0.44%
120,193
+114,866
+2,156% +$6.11M
WTM icon
38
White Mountains Insurance
WTM
$5.48B
$4.95M 0.44%
2,255
-1,360
-38% -$2.91M
TJX icon
39
TJX Companies
TJX
$171B
$4.9M 0.44%
30,705
+18,066
+143% +$2.81M
FLO icon
40
Flowers Foods
FLO
$1.8B
$4.84M 0.43%
593,491
+365,380
+160% +$3.67M
ITW icon
41
Illinois Tool Works
ITW
$79.4B
$4.82M 0.43%
18,508
-12,967
-41% -$3.53M
MSFT icon
42
Microsoft
MSFT
$2.93T
$4.76M 0.42%
12,861
-4,494
-26% -$1.88M
LPLA icon
43
LPL Financial
LPLA
$26B
$4.68M 0.42%
+15,563
New +$5.22M
CACC icon
44
Credit Acceptance
CACC
$6.69B
$4.66M 0.41%
10,994
+4,369
+66% +$2.06M
ALNY icon
45
Alnylam Pharmaceuticals
ALNY
$35.7B
$4.54M 0.4%
13,707
+6,992
+104% +$2.38M
AMAT icon
46
Applied Materials
AMAT
$421B
$4.42M 0.39%
12,934
-17,797
-58% -$5.99M
TPC
47
Tutor Perini Cor
TPC
$4.14B
$4.41M 0.39%
57,152
+34,757
+155% +$2.66M
MSI icon
48
Motorola Solutions
MSI
$68.6B
$4.39M 0.39%
10,116
+9,491
+1,519% +$4.11M
HON icon
49
Honeywell
HON
$71.3B
$4.38M 0.39%
19,361
+3,291
+20% +$752K
COP icon
50
ConocoPhillips
COP
$140B
$4.26M 0.38%
32,271
+19,400
+151% +$2.15M
1
2
3 4 5

Similar funds

PL
Parkwood LLC Cleveland, Ohio $1.13B AUM 32.89% 1-Year Est. Return
FBFS
First Business Financial Services Madison, Wisconsin $1.12B AUM 22.16% 1-Year Est. Return
JLBC
J.L. Bainbridge & Co Sarasota, Florida $1.12B AUM 25.58% 1-Year Est. Return
EC
Estate Counselors Thiensville, Wisconsin $1.12B AUM 20.13% 1-Year Est. Return
IP
Indivisible Partners Clearwater, Florida $1.13B AUM
WA
Wealth Architects Mountain View, California $1.12B AUM 24.94% 1-Year Est. Return
AT
American Trust Lexington, Kentucky $1.13B AUM 17.56% 1-Year Est. Return
JAFL
Jay A. Fishman Ltd Troy, Michigan $1.12B AUM 32.75% 1-Year Est. Return

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.