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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
INCY icon
476
Incyte
INCY
$23.2B
$697K 0.06%
7,405
-1,523
-17% -$152K
CHRW icon
477
C.H. Robinson
CHRW
$24.2B
$696K 0.06%
+4,189
New +$749K
ESAB icon
478
ESAB
ESAB
$5.17B
$695K 0.06%
+7,194
New +$833K
NVST icon
479
Envista
NVST
$4.23B
$691K 0.06%
+27,244
New +$707K
TPH
480
DELISTED
Tri Pointe Homes
TPH
$691K 0.06%
+14,786
New +$602K
AMSC icon
481
American Superconductor
AMSC
$1.59B
$686K 0.06%
+20,276
New +$640K
FLEX icon
482
Flex
FLEX
$47.1B
$686K 0.06%
10,479
-14,444
-58% -$924K
ICUI icon
483
ICU Medical
ICUI
$3.84B
$686K 0.06%
+5,311
New +$763K
OI icon
484
O-I Glass
OI
$1.35B
$686K 0.06%
65,262
+13,713
+27% +$189K
ZG icon
485
Zillow
ZG
$6.76B
$684K 0.06%
16,522
– –
RIVN icon
486
Rivian
RIVN
$24B
$683K 0.06%
45,388
+28,811
+174% +$461K
WS icon
487
Worthington Steel
WS
$1.79B
$677K 0.06%
+22,299
New +$864K
CNM icon
488
Core & Main
CNM
$8.02B
$677K 0.06%
13,699
+7,865
+135% +$423K
LTC
489
LTC Properties
LTC
$2.14B
$675K 0.06%
18,168
-36,653
-67% -$1.38M
LEN.B icon
490
Lennar Class B
LEN.B
$19.1B
$673K 0.06%
8,000
– –
RAL
491
Ralliant Corp
RAL
$7.82B
$672K 0.06%
+16,150
New +$759K
UE icon
492
Urban Edge Properties
UE
$2.87B
$666K 0.06%
+33,344
New +$670K
COIN icon
493
Coinbase
COIN
$43.2B
$666K 0.06%
3,815
-4,092
-52% -$805K
AGM icon
494
Federal Agricultural Mortgage
AGM
$2.22B
$666K 0.06%
+4,489
New +$734K
WT icon
495
WisdomTree
WT
$2.99B
$665K 0.06%
45,704
-13,461
-23% -$208K
M icon
496
Macy's
M
$6.1B
$665K 0.06%
+36,784
New +$745K
SEM
497
DELISTED
Select Medical
SEM
$662K 0.06%
40,654
-41,264
-50% -$646K
TAP icon
498
Molson Coors Class B
TAP
$7.46B
$660K 0.06%
15,316
-2,892
-16% -$137K
HSIC icon
499
Henry Schein
HSIC
$9.51B
$653K 0.06%
8,865
-2,360
-21% -$182K
SEI
500
Solaris Energy Infrastructure
SEI
$3.75B
$650K 0.06%
11,497
+1,150
+11% +$62.2K
18 19
20
21 22

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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.