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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 | |
|---|---|---|---|---|---|---|
1126
S&T Bancorp
STBA
$1.79B
| – | – |
-26,605
| Closed | -$1.05M |
|
1127
Stellantis
STLA
$16.7B
| – | – |
-133,844
| Closed | -$1.46M |
|
1128
Scorpio Tankers
STNG
$3.88B
| – | – |
-29,347
| Closed | -$1.49M |
|
1129
Sysco
SYY
$38.6B
| – | – |
-24,022
| Closed | -$1.77M |
|
1130
Texas Capital Bancshares
TCBI
$4.52B
| – | – |
-9,181
| Closed | -$831K |
|
1131
Teradata
TDC
$2.88B
| – | – |
-124,986
| Closed | -$3.8M |
|
1132
Triumph Financial Inc
TFIN
$1.85B
| – | – |
-4,574
| Closed | -$286K |
|
1133
Target
TGT
$63.4B
| – | – |
-17,203
| Closed | -$1.68M |
|
1134
Tenet Healthcare
THC
$16.7B
| – | – |
-21,865
| Closed | -$4.35M |
|
|
THR
1135
DELISTED
Thermon Group Holdings
THR
| – | – |
-77,101
| Closed | -$2.87M |
|
1136
Gentherm
THRM
$1.09B
| – | – |
-49,275
| Closed | -$1.79M |
|
|
THS
1137
DELISTED
Treehouse Foods
THS
| – | – |
-24,692
| Closed | -$582K |
|
1138
TKO Group
TKO
$13.7B
| – | – |
-13,536
| Closed | -$2.83M |
|
1139
Transmedics
TMDX
$2.54B
| – | – |
-10,588
| Closed | -$1.29M |
|
1140
Tennant Co
TNC
$1.46B
| – | – |
-5,792
| Closed | -$427K |
|
1141
TriNet
TNET
$2.79B
| – | – |
-15,770
| Closed | -$932K |
|
1142
Teekay Tankers
TNK
$2.49B
| – | – |
-5,633
| Closed | -$301K |
|
1143
Toll Brothers
TOL
$13.7B
| – | – |
-7,474
| Closed | -$1.01M |
|
1144
Trinity Industries
TRN
$2.9B
| – | – |
-32,507
| Closed | -$859K |
|
1145
Travelers Companies
TRV
$81.3B
| – | – |
-5,273
| Closed | -$1.53M |
|
1146
Tractor Supply
TSCO
$15.9B
| – | – |
-11,373
| Closed | -$569K |
|
1147
Trade Desk
TTD
$8.76B
| – | – |
-31,217
| Closed | -$1.18M |
|
1148
TTM Technologies
TTMI
$13.8B
| – | – |
-48,789
| Closed | -$3.37M |
|
1149
Tyler Technologies
TYL
$13.1B
| – | – |
-1,509
| Closed | -$685K |
|
1150
United Airlines
UAL
$38.1B
| – | – |
-22,948
| Closed | -$2.57M |
|
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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.