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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 | |
|---|---|---|---|---|---|---|
951
Ivanhoe Electric
IE
$1.49B
| – | – |
-77,659
| Closed | -$1.24M |
|
952
IDEX
IEX
$16.4B
| – | – |
-1,613
| Closed | -$287K |
|
953
International Flavors & Fragrances
IFF
$19.7B
| – | – |
-76,560
| Closed | -$5.16M |
|
954
Innovative Industrial Properties
IIPR
$1.87B
| – | – |
-26,679
| Closed | -$1.26M |
|
955
IMAX
IMAX
$2.12B
| – | – |
-24,773
| Closed | -$916K |
|
956
Immunome
IMNM
$2.51B
| – | – |
-57,153
| Closed | -$1.23M |
|
957
iShares MSCI India ETF
INDA
$6.81B
| – | – |
-74,340
| Closed | -$4.02M |
|
958
Ingredion
INGR
$6.46B
| – | – |
-9,398
| Closed | -$1.04M |
|
959
Intuit
INTU
$79.3B
| – | – |
-6,857
| Closed | -$4.54M |
|
960
Invitation Homes
INVH
$17.9B
| – | – |
-135,556
| Closed | -$3.77M |
|
961
Ionis Pharmaceuticals
IONS
$8.75B
| – | – |
-12,691
| Closed | -$1M |
|
962
Interparfums
IPAR
$3.98B
| – | – |
-2,893
| Closed | -$245K |
|
963
Iridium Communications
IRDM
$5.01B
| – | – |
-248,011
| Closed | -$4.31M |
|
964
iRhythm Holdings
IRTC
$3.58B
| – | – |
-8,548
| Closed | -$1.52M |
|
965
Gartner
IT
$9.44B
| – | – |
-4,873
| Closed | -$1.23M |
|
966
ITT
ITT
$17.1B
| – | – |
-9,694
| Closed | -$1.68M |
|
967
Janux Therapeutics
JANX
$979M
| – | – |
-57,363
| Closed | -$792K |
|
968
John B. Sanfilippo & Son
JBSS
$930M
| – | – |
-5,278
| Closed | -$373K |
|
969
Jefferies Financial Group
JEF
$12.7B
| – | – |
-18,126
| Closed | -$1.12M |
|
970
J&J Snack Foods
JJSF
$1.46B
| – | – |
-16,127
| Closed | -$1.46M |
|
971
St. Joe Company
JOE
$3.46B
| – | – |
-42,145
| Closed | -$2.5M |
|
972
KB Home
KBH
$3.36B
| – | – |
-36,889
| Closed | -$2.08M |
|
973
Keurig Dr Pepper
KDP
$41.4B
| – | – |
-67,951
| Closed | -$1.9M |
|
974
Kirby Corp
KEX
$7.73B
| – | – |
-9,261
| Closed | -$1.02M |
|
975
KKR & Co
KKR
$87.1B
| – | – |
-7,042
| Closed | -$898K |
|
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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.