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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 | |
|---|---|---|---|---|---|---|
751
Perrigo
PRGO
$1.48B
| $151K | 0.01% |
14,104
-321,626
| -96% | -$4.16M |
|
752
NeoGenomics
NEO
$1.82B
| $151K | 0.01% |
20,299
-100,966
| -83% | -$1.06M |
|
753
Savara
SVRA
$1.18B
| $148K | 0.01% |
+27,179
| New | +$151K |
|
754
AES
AES
$10.6B
| $147K | 0.01% |
10,423
-57,725
| -85% | -$859K |
|
755
Magnite
MGNI
$2.67B
| $139K | 0.01% |
+11,687
| New | +$157K |
|
756
NovoCure
NVCR
$1.78B
| $137K | 0.01% |
+12,532
| New | +$157K |
|
757
Vertex
VERX
$1.82B
| $135K | 0.01% |
11,389
-10,103
| -47% | -$157K |
|
|
PTRN
758
Pattern Group Inc
PTRN
$4.52B
| $128K | 0.01% |
+10,270
| New | +$126K |
|
759
Xeris Biopharma Holdings
XERS
$1.48B
| $122K | 0.01% |
21,070
-30,973
| -60% | -$205K |
|
760
Pitney Bowes
PBI
$2.46B
| $119K | 0.01% |
10,734
-36,321
| -77% | -$381K |
|
|
LADR
761
Ladder Capital
LADR
$1.25B
| $117K | 0.01% |
+12,023
| New | +$126K |
|
|
OPTU
762
Optimum Communications Inc
OPTU
$356M
| $110K | 0.01% |
84,267
-804,679
| -91% | -$1.27M |
|
763
Arbor Realty Trust
ABR
$968M
| $102K | 0.01% |
+13,246
| New | +$103K |
|
|
NMAX
764
Newsmax Inc
NMAX
$1.04B
| $75.5K | 0.01% |
+14,454
| New | +$97.5K |
|
|
TIC
765
TIC Solutions Inc
TIC
$1.57B
| $70.9K | 0.01% |
+10,782
| New | +$101K |
|
|
LAC
766
Lithium Americas
LAC
$1.07B
| $44.6K | ﹤0.01% |
11,296
-238,472
| -95% | -$1.17M |
|
767
Aaon
AAON
$8.81B
| – | – |
-14,009
| Closed | -$1.07M |
|
768
Arcosa
ACA
$7.1B
| – | – |
-2,189
| Closed | -$233K |
|
769
ProFrac Holding
ACDC
$910M
| – | – |
-129,703
| Closed | -$505K |
|
770
Acadia Healthcare
ACHC
$3.27B
| – | – |
-153,817
| Closed | -$2.18M |
|
771
Adaptive Biotechnologies
ADPT
$3.53B
| – | – |
-86,886
| Closed | -$1.41M |
|
772
ADT
ADT
$5.05B
| – | – |
-502,269
| Closed | -$4.05M |
|
773
American Electric Power
AEP
$72.1B
| – | – |
-38,863
| Closed | -$4.48M |
|
774
AGCO
AGCO
$8.46B
| – | – |
-7,752
| Closed | -$809K |
|
775
Argan
AGX
$8.58B
| – | – |
-8,667
| Closed | -$2.72M |
|
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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.