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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
GNW icon
626
Genworth Financial
GNW
$3.83B
$373K 0.03%
+45,979
New +$390K
BULL
627
Webull Corp
BULL
$4.31B
$373K 0.03%
+77,641
New +$503K
WGO icon
628
Winnebago Industries
WGO
$880M
$372K 0.03%
+12,017
New +$500K
RDW icon
629
Redwire
RDW
$2.15B
$372K 0.03%
43,722
-116,052
-73% -$1.14M
GTES icon
630
Gates Industrial Corporation Ltd.
GTES
$6.96B
$369K 0.03%
16,342
-92,171
-85% -$2.24M
TFX icon
631
Teleflex
TFX
$5.97B
$368K 0.03%
+3,075
New +$339K
AHCO icon
632
AdaptHealth
AHCO
$1.48B
$367K 0.03%
+30,838
New +$316K
KAI icon
633
Kadant
KAI
$3.62B
$365K 0.03%
1,250
-4,737
-79% -$1.52M
PEBO icon
634
Peoples Bancorp
PEBO
$1.44B
$363K 0.03%
+11,053
New +$356K
DOCS icon
635
Doximity
DOCS
$3.68B
$360K 0.03%
+15,438
New +$481K
ITGR icon
636
Integer Holdings
ITGR
$3.28B
$357K 0.03%
+4,061
New +$346K
NOC icon
637
Northrop Grumman
NOC
$74.6B
$357K 0.03%
523
-2,660
-84% -$1.84M
REGN icon
638
Regeneron Pharmaceuticals
REGN
$68.3B
$356K 0.03%
+461
New +$353K
PEGA icon
639
Pegasystems
PEGA
$4.34B
$356K 0.03%
8,359
-13,209
-61% -$613K
CERT icon
640
Certara
CERT
$1.07B
$354K 0.03%
62,140
-242,891
-80% -$1.85M
IMVT icon
641
Immunovant
IMVT
$8.02B
$353K 0.03%
14,196
+132
+0.9% +$3.42K
LW icon
642
Lamb Weston
LW
$6.63B
$351K 0.03%
8,313
-54,094
-87% -$2.41M
HAE icon
643
Haemonetics
HAE
$3.55B
$347K 0.03%
6,154
-9,085
-60% -$592K
FRSH icon
644
Freshworks
FRSH
$2.78B
$339K 0.03%
42,224
-120,382
-74% -$1.11M
HTFL
645
Heartflow Inc
HTFL
$2.09B
$337K 0.03%
+13,849
New +$376K
META icon
646
Meta Platforms (Facebook)
META
$1.59T
$336K 0.03%
588
-6,936
-92% -$4.45M
MRTN icon
647
Marten Transport
MRTN
$1.41B
$334K 0.03%
25,468
-32,640
-56% -$419K
AVAV icon
648
AeroVironment
AVAV
$7.61B
$334K 0.03%
+1,824
New +$481K
FCF icon
649
First Commonwealth Financial
FCF
$2.12B
$333K 0.03%
+18,958
New +$334K
H icon
650
Hyatt Hotels
H
$17.6B
$332K 0.03%
+2,310
New +$367K
24 25
26
27 28

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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.