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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 | |
|---|---|---|---|---|---|---|
851
Compass
COMP
$8.77B
| – | – |
-15,447
| Closed | -$163K |
|
852
Cencora
COR
$59B
| – | – |
-7,359
| Closed | -$2.49M |
|
853
Camden Property Trust
CPT
$11.1B
| – | – |
-14,391
| Closed | -$1.58M |
|
854
Crane Co
CR
$12.6B
| – | – |
-27,551
| Closed | -$5.08M |
|
855
CRA International
CRAI
$1.08B
| – | – |
-11,716
| Closed | -$2.35M |
|
856
Crescent Energy
CRGY
$3.65B
| – | – |
-116,137
| Closed | -$974K |
|
857
Comstock Resources
CRK
$3.9B
| – | – |
-60,403
| Closed | -$1.4M |
|
858
Carpenter Technology
CRS
$27.6B
| – | – |
-5,710
| Closed | -$1.8M |
|
859
CorVel
CRVL
$3.13B
| – | – |
-20,522
| Closed | -$1.39M |
|
860
Customers Bancorp
CUBI
$2.6B
| – | – |
-21,228
| Closed | -$1.55M |
|
861
CVR Energy
CVI
$3.48B
| – | – |
-58,673
| Closed | -$1.49M |
|
862
CVS Health
CVS
$141B
| – | – |
-27,405
| Closed | -$2.17M |
|
|
863
Chevron
CVX
$381B
| – | – |
-98,347
| Closed | -$15M |
|
864
Camping World
CWH
$379M
| – | – |
-63,080
| Closed | -$614K |
|
865
California Water Service
CWT
$3.03B
| – | – |
-27,119
| Closed | -$1.18M |
|
866
CoreCivic
CXW
$3.15B
| – | – |
-77,282
| Closed | -$1.48M |
|
867
Caesars Entertainment
CZR
$6.07B
| – | – |
-15,140
| Closed | -$354K |
|
868
Dominion Energy
D
$61.4B
| – | – |
-50,778
| Closed | -$2.98M |
|
869
Dave Inc
DAVE
$5.57B
| – | – |
-1,409
| Closed | -$312K |
|
|
DAWN
870
DELISTED
Day One Biopharmaceuticals
DAWN
| – | – |
-35,562
| Closed | -$331K |
|
|
DEA
871
Easterly Government Properties
DEA
$1.17B
| – | – |
-72,561
| Closed | -$1.54M |
|
872
D.R. Horton
DHI
$41.1B
| – | – |
-8,217
| Closed | -$1.18M |
|
873
HF Sinclair
DINO
$16.5B
| – | – |
-35,490
| Closed | -$1.64M |
|
874
Walt Disney
DIS
$167B
| – | – |
-50,947
| Closed | -$5.8M |
|
875
Digital Realty Trust
DLR
$65.2B
| – | – |
-7,964
| Closed | -$1.23M |
|
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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.