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DFCM
Dark Forest Capital Management Portfolio holdings
AUM
$1.55B
1-Year Est. Return
23.63%
This Fund
S&P 500
This Quarter
Est. Return
+13.43%
1 Year Est. Return
+23.63%
3 Year Est. Return
+62.99%
5 Year Est. Return
+72.84%
10 Year Est. Return
–
AUM
$1.55B
AUM Growth
+$423M
(+38%)
Cap. Flow
+$330M
Cap. Flow
% of AUM
21.27%
Top 10 Holdings %
Top 10 Hldgs %
7.15%
Holding
1,090
New
324
Increased
286
Reduced
165
Closed
313
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI India ETF
INDA
|
+$16.7M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$10.9M |
| 3 |
EOG Resources
EOG
|
+$8.97M |
| 4 |
IDEX
IEX
|
+$7.66M |
| 5 |
WEC Energy
WEC
|
+$7.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Popular Inc
BPOP
|
+$11.8M |
| 2 |
Roku
ROKU
|
+$9.89M |
| 3 |
Micron Technology
MU
|
+$8.82M |
| 4 |
Coeur Mining
CDE
|
+$8.79M |
| 5 |
Affirm
AFRM
|
+$8.59M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.86% |
| 2 | Industrials | 16.38% |
| 3 | Technology | 15.65% |
| 4 | Consumer Discretionary | 10.8% |
| 5 | Healthcare | 9.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
Joby Aviation
JOBY
$6.67B
| $379K | 0.02% |
+42,509
| New | +$411K |
|
702
Talos Energy
TALO
$2.81B
| $378K | 0.02% |
+29,250
| New | +$436K |
|
703
Carrier Global
CARR
$49.2B
| $378K | 0.02% |
5,147
-12,818
| -71% | -$838K |
|
704
BlackSky Technology
BKSY
$839M
| $375K | 0.02% |
+13,433
| New | +$485K |
|
705
FirstCash
FCFS
$9.79B
| $374K | 0.02% |
+1,729
| New | +$375K |
|
706
Piper Sandler
PIPR
$5.44B
| $370K | 0.02% |
+5,117
| New | +$415K |
|
707
Knowles
KN
$3.03B
| $369K | 0.02% |
+8,896
| New | +$309K |
|
708
WesBanco
WSBC
$3.96B
| $369K | 0.02% |
9,442
-57,357
| -86% | -$2.02M |
|
709
Casey's General Stores
CASY
$28B
| $363K | 0.02% |
+457
| New | +$368K |
|
710
Stepan Co
SCL
$1.44B
| $358K | 0.02% |
6,420
-15,657
| -71% | -$814K |
|
711
Louisiana-Pacific
LPX
$4.77B
| $357K | 0.02% |
+4,535
| New | +$335K |
|
712
ePlus
PLUS
$2.4B
| $354K | 0.02% |
+4,255
| New | +$354K |
|
713
Privia Health
PRVA
$2.64B
| $347K | 0.02% |
13,502
-6,477
| -32% | -$150K |
|
714
Marcus & Millichap
MMI
$1.21B
| $346K | 0.02% |
11,114
-11,257
| -50% | -$323K |
|
715
Insulet
PODD
$10.2B
| $340K | 0.02% |
2,234
-4,256
| -66% | -$709K |
|
716
Johnson & Johnson
JNJ
$663B
| $339K | 0.02% |
+1,333
| New | +$311K |
|
717
General Dynamics
GD
$97.2B
| $338K | 0.02% |
955
-6,440
| -87% | -$2.21M |
|
718
Cullen/Frost Bankers
CFR
$10.1B
| $337K | 0.02% |
+2,179
| New | +$309K |
|
719
J&J Snack Foods
JJSF
$1.57B
| $334K | 0.02% |
+4,547
| New | +$354K |
|
720
Lantheus
LNTH
$6.59B
| $330K | 0.02% |
+2,972
| New | +$277K |
|
721
AeroVironment
AVAV
$7.35B
| $326K | 0.02% |
1,974
+150
| +8% | +$26.8K |
|
722
Buckle
BKE
$2.22B
| $325K | 0.02% |
7,704
-15,029
| -66% | -$744K |
|
723
StoneX
SNEX
$8.38B
| $324K | 0.02% |
+4,107
| New | +$308K |
|
724
Axsome Therapeutics
AXSM
$10.8B
| $319K | 0.02% |
+1,304
| New | +$283K |
|
725
Dynatrace
DT
$15B
| $319K | 0.02% |
+7,266
| New | +$283K |
|
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Dark Forest Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Dark Forest Capital Management held 1,090 positions worth $1.55B, up 38% from $1.13B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Dark Forest Capital Management deployed $330M of net new capital in Q2 2026, opening 324 new positions and adding to 286 existing holdings. Its largest new stake was iShares MSCI India ETF: 342,603 shares worth $16.9M.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 21% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Micron Technology, an estimated $8.82M trimmed.
- Dark Forest Capital Management's largest Q2 2026 buy was iShares MSCI India ETF: 342,603 shares worth $16.9M.
- Dark Forest Capital Management added most to EOG Resources in Q2 2026, an estimated $8.97M increase.
- Dark Forest Capital Management's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $8.82M.
- Dark Forest Capital Management fully exited Popular Inc in Q2 2026, selling an estimated $11.8M.
- Dark Forest Capital Management's ten largest holdings make up 7.2% of its $1.55B portfolio in Q2 2026.
- Dark Forest Capital Management opened 324 new positions and closed 313 in Q2 2026.
- Dark Forest Capital Management's portfolio value rose 38% quarter-over-quarter to $1.55B.
Based on Dark Forest Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.