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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 | |
|---|---|---|---|---|---|---|
|
BELFB
726
Bel Fuse Inc Class B
BELFB
$4.01B
| $223K | 0.02% |
1,127
-6,257
| -85% | -$1.31M |
|
727
Fortinet
FTNT
$114B
| $223K | 0.02% |
+2,724
| New | +$220K |
|
728
Coastal Financial
CCB
$1.18B
| $221K | 0.02% |
+2,910
| New | +$263K |
|
729
Central Pacific Financial
CPF
$1.01B
| $221K | 0.02% |
+6,925
| New | +$223K |
|
730
EQT Corp
EQT
$33.8B
| $216K | 0.02% |
+3,394
| New | +$199K |
|
|
LINE
731
Lineage Inc
LINE
$9.83B
| $210K | 0.02% |
+6,422
| New | +$238K |
|
732
MiMedx Group
MDXG
$621M
| $210K | 0.02% |
53,152
-187,819
| -78% | -$946K |
|
733
Mohawk Industries
MHK
$6.73B
| $210K | 0.02% |
2,130
-21,622
| -91% | -$2.52M |
|
734
Antero Resources
AR
$10.9B
| $209K | 0.02% |
4,919
-51,450
| -91% | -$1.88M |
|
735
Darling Ingredients
DAR
$10.3B
| $208K | 0.02% |
3,368
-41,372
| -92% | -$2.04M |
|
736
TFS Financial
TFSL
$5.12B
| $208K | 0.02% |
+14,804
| New | +$209K |
|
737
Wolverine World Wide
WWW
$1.61B
| $208K | 0.02% |
+12,731
| New | +$224K |
|
738
iShares MSCI Brazil ETF
EWZ
$9.27B
| $207K | 0.02% |
5,399
-234,555
| -98% | -$8.58M |
|
739
Ducommun
DCO
$2.63B
| $207K | 0.02% |
+1,694
| New | +$203K |
|
740
Photronics
PLAB
$1.84B
| $201K | 0.02% |
+4,968
| New | +$180K |
|
|
PVLA
741
Palvella Therapeutics
PVLA
$2.04B
| $200K | 0.02% |
+1,606
| New | +$168K |
|
742
Banc of California
BANC
$3.29B
| $194K | 0.02% |
+11,038
| New | +$211K |
|
743
Phathom Pharmaceuticals
PHAT
$933M
| $194K | 0.02% |
17,460
-44,788
| -72% | -$566K |
|
|
GLXY
744
Galaxy Digital Inc
GLXY
$4.75B
| $193K | 0.02% |
10,469
-98,916
| -90% | -$2.35M |
|
745
PAR Technology
PAR
$633M
| $193K | 0.02% |
+14,479
| New | +$340K |
|
746
DXC Technology
DXC
$1.53B
| $185K | 0.02% |
14,717
-43,614
| -75% | -$586K |
|
747
Ondas Inc
ONDS
$4.56B
| $174K | 0.02% |
19,231
-26,544
| -58% | -$289K |
|
748
Atlas Energy Solutions
AESI
$1.82B
| $158K | 0.01% |
+12,017
| New | +$140K |
|
|
WBTN
749
WEBTOON Entertainment Inc
WBTN
$1.28B
| $153K | 0.01% |
+16,650
| New | +$187K |
|
750
ImmunityBio
IBRX
$7.87B
| $152K | 0.01% |
+19,781
| New | +$135K |
|
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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.