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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 | |
|---|---|---|---|---|---|---|
876
Dianthus Therapeutics
DNTH
$5.78B
| – | – |
-7,008
| Closed | -$289K |
|
877
Healthpeak Properties
DOC
$15.6B
| – | – |
-164,194
| Closed | -$2.64M |
|
878
Leonardo DRS
DRS
$11.8B
| – | – |
-36,256
| Closed | -$1.24M |
|
879
DT Midstream
DTM
$14.5B
| – | – |
-33,121
| Closed | -$3.96M |
|
880
Duolingo
DUOL
$5.81B
| – | – |
-1,642
| Closed | -$288K |
|
|
DVAX
881
DELISTED
Dynavax Technologies
DVAX
| – | – |
-41,304
| Closed | -$635K |
|
882
DexCom
DXCM
$29.2B
| – | – |
-23,760
| Closed | -$1.58M |
|
883
Ecolab
ECL
$75.6B
| – | – |
-18,634
| Closed | -$4.89M |
|
884
Encore Capital Group
ECPG
$1.9B
| – | – |
-21,582
| Closed | -$1.17M |
|
885
Consolidated Edison
ED
$40.9B
| – | – |
-25,775
| Closed | -$2.56M |
|
886
Encompass Health
EHC
$11.2B
| – | – |
-22,656
| Closed | -$2.4M |
|
887
Employers Holdings
EIG
$919M
| – | – |
-18,080
| Closed | -$781K |
|
888
Edison International
EIX
$29.7B
| – | – |
-32,801
| Closed | -$1.97M |
|
889
Estee Lauder
EL
$30.3B
| – | – |
-12,923
| Closed | -$1.35M |
|
890
e.l.f. Beauty
ELF
$4.71B
| – | – |
-8,639
| Closed | -$657K |
|
|
ELME
891
Elme Communities
ELME
$133M
| – | – |
-135,411
| Closed | -$2.36M |
|
892
Emcor
EME
$33.8B
| – | – |
-669
| Closed | -$409K |
|
893
EnerSys
ENS
$7.01B
| – | – |
-15,108
| Closed | -$2.22M |
|
894
Enovix
ENVX
$1.05B
| – | – |
-61,645
| Closed | -$451K |
|
895
EPR Properties
EPR
$4.76B
| – | – |
-42,775
| Closed | -$2.13M |
|
896
Equity Residential
EQR
$25.6B
| – | – |
-76,387
| Closed | -$4.82M |
|
897
Erie Indemnity
ERIE
$11.8B
| – | – |
-2,924
| Closed | -$838K |
|
898
Elastic
ESTC
$6.26B
| – | – |
-9,250
| Closed | -$698K |
|
899
Eaton
ETN
$156B
| – | – |
-7,158
| Closed | -$2.28M |
|
900
Edwards Lifesciences
EW
$48.9B
| – | – |
-7,938
| Closed | -$677K |
|
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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.