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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 | |
|---|---|---|---|---|---|---|
|
AIV
776
Aimco
AIV
$387M
| – | – |
-100,210
| Closed | -$595K |
|
777
Alkermes
ALKS
$8.78B
| – | – |
-27,203
| Closed | -$761K |
|
778
Ally Financial
ALLY
$13.4B
| – | – |
-106,609
| Closed | -$4.83M |
|
779
Alarm.com
ALRM
$2.5B
| – | – |
-12,964
| Closed | -$661K |
|
780
Antero Midstream
AM
$10.9B
| – | – |
-57,528
| Closed | -$1.02M |
|
781
AMN Healthcare
AMN
$1.34B
| – | – |
-16,135
| Closed | -$254K |
|
782
Amprius Technologies
AMPX
$1.48B
| – | – |
-71,885
| Closed | -$567K |
|
783
Amneal Pharmaceuticals
AMRX
$5.73B
| – | – |
-157,954
| Closed | -$1.99M |
|
784
American Tower
AMT
$77.1B
| – | – |
-16,528
| Closed | -$2.9M |
|
785
AMERISAFE
AMSF
$600M
| – | – |
-17,328
| Closed | -$666K |
|
786
Abercrombie & Fitch
ANF
$4.17B
| – | – |
-21,282
| Closed | -$2.68M |
|
787
A.O. Smith
AOS
$8.15B
| – | – |
-6,768
| Closed | -$453K |
|
|
APLS
788
DELISTED
Apellis Pharmaceuticals
APLS
| – | – |
-31,091
| Closed | -$781K |
|
789
Apogee Enterprises
APOG
$824M
| – | – |
-15,357
| Closed | -$559K |
|
790
Applovin
APP
$140B
| – | – |
-5,606
| Closed | -$3.78M |
|
791
AppFolio
APPF
$5.68B
| – | – |
-2,163
| Closed | -$503K |
|
792
Appian
APPN
$1.68B
| – | – |
-46,395
| Closed | -$1.64M |
|
793
Aptiv
APTV
$12.3B
| – | – |
-24,453
| Closed | -$1.86M |
|
794
Ares Capital
ARCC
$13.5B
| – | – |
-102,041
| Closed | -$2.06M |
|
795
Archrock
AROC
$6.76B
| – | – |
-75,167
| Closed | -$1.96M |
|
796
Arcutis Biotherapeutics
ARQT
$3.49B
| – | – |
-45,758
| Closed | -$1.33M |
|
|
EFOR
797
Everforth Inc
EFOR
$849M
| – | – |
-49,377
| Closed | -$2.38M |
|
798
ASML
ASML
$690B
| – | – |
-1,252
| Closed | -$1.34M |
|
799
ASP Isotopes
ASPI
$521M
| – | – |
-30,737
| Closed | -$164K |
|
800
Alphatec Holdings
ATEC
$1.24B
| – | – |
-22,240
| Closed | -$468K |
|
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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.