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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 | |
|---|---|---|---|---|---|---|
501
Cleveland-Cliffs
CLF
$5.39B
| $634K | 0.06% |
+74,983
| New | +$858K |
|
502
G-III Apparel Group
GIII
$1.51B
| $633K | 0.06% |
+22,858
| New | +$669K |
|
503
Park Hotels & Resorts
PK
$3.03B
| $629K | 0.06% |
59,754
-421,596
| -88% | -$4.66M |
|
504
Parsons
PSN
$6.16B
| $625K | 0.06% |
11,529
-29,341
| -72% | -$1.87M |
|
505
Xcel Energy
XEL
$50.1B
| $621K | 0.06% |
+7,817
| New | +$613K |
|
|
MIAX
506
Miami International Holdings
MIAX
$4.05B
| $620K | 0.06% |
+15,940
| New | +$657K |
|
507
RH
RH
$3.31B
| $619K | 0.05% |
4,424
-1,171
| -21% | -$213K |
|
508
Viasat
VSAT
$10.2B
| $613K | 0.05% |
+13,376
| New | +$602K |
|
509
Brookdale Senior Living
BKD
$3.5B
| $612K | 0.05% |
+44,767
| New | +$627K |
|
510
Wendy's
WEN
$1.41B
| $605K | 0.05% |
87,120
-448,983
| -84% | -$3.46M |
|
511
United Bankshares
UBSI
$6.46B
| $602K | 0.05% |
+14,528
| New | +$604K |
|
512
CubeSmart
CUBE
$9.31B
| $602K | 0.05% |
16,416
-111,664
| -87% | -$4.28M |
|
513
Timken Company
TKR
$9.84B
| $599K | 0.05% |
5,960
-23,953
| -80% | -$2.38M |
|
514
Teladoc Health
TDOC
$1.61B
| $599K | 0.05% |
+109,889
| New | +$617K |
|
515
Take-Two Interactive
TTWO
$43.4B
| $599K | 0.05% |
3,032
-13,292
| -81% | -$2.89M |
|
516
Marcus & Millichap
MMI
$1.14B
| $595K | 0.05% |
22,371
-15,702
| -41% | -$413K |
|
517
Cogent Biosciences
COGT
$6.76B
| $592K | 0.05% |
+15,391
| New | +$568K |
|
|
BRSL
518
Brightstar Lottery PLC
BRSL
$1.92B
| $591K | 0.05% |
+46,423
| New | +$640K |
|
519
NVR
NVR
$17.1B
| $586K | 0.05% |
89
-287
| -76% | -$2.09M |
|
520
QuantumScape Corp
QS
$3.61B
| $586K | 0.05% |
+91,854
| New | +$763K |
|
521
Excelerate Energy
EE
$1.26B
| $586K | 0.05% |
17,532
-2,741
| -14% | -$98.3K |
|
|
FOLD
522
DELISTED
Amicus Therapeutics
FOLD
| $585K | 0.05% |
40,451
-99,849
| -71% | -$1.43M |
|
523
Enphase Energy
ENPH
$5.22B
| $585K | 0.05% |
15,468
-3,527
| -19% | -$146K |
|
524
PC Connection
CNXN
$2.04B
| $578K | 0.05% |
9,891
-10,141
| -51% | -$607K |
|
525
Delta Air Lines
DAL
$54.9B
| $577K | 0.05% |
8,681
-30,821
| -78% | -$2.08M |
|
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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.