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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
Cap. Flow
-$1.04B
Cap. Flow %
-92.28%
Top 10 Hldgs %
8.34%
Holding
1,215
New
284
Increased
139
Reduced
338
Closed
449

Top Buys

Rank Stock Value
1
CDE icon
Coeur Mining
CDE
+$11.4M
2
TPG icon
TPG
TPG
+$9.58M
3
SOFI icon
SoFi Technologies
SOFI
+$7.05M
4
FWONK icon
Liberty Media Series C
FWONK
+$6.49M
5
Z icon
Zillow
Z
+$6.11M

Top Sells

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$30.9M
2
WMT icon
Walmart Inc
WMT
+$15.7M
3
CVX icon
Chevron
CVX
+$15M
4
SPG icon
Simon Property Group
SPG
+$12.5M
5
BROS icon
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
EVRG icon
101
Evergy
EVRG
$19.7B
$2.76M 0.24%
33,674
+8,160
+32% +$645K
XP icon
102
XP
XP
$8.61B
$2.75M 0.24%
+144,559
New +$2.79M
PRU icon
103
Prudential Financial
PRU
$41.4B
$2.74M 0.24%
+28,091
New +$2.91M
HLIO icon
104
Helios Technologies
HLIO
$2.68B
$2.71M 0.24%
41,939
+12,675
+43% +$849K
CTRI icon
105
Centuri Holdings
CTRI
$2.8B
$2.7M 0.24%
92,572
-28,349
-23% -$826K
KMPR icon
106
Kemper
KMPR
$1.65B
$2.7M 0.24%
88,347
-64,876
-42% -$2.22M
PNW icon
107
Pinnacle West Capital
PNW
$13.1B
$2.66M 0.24%
26,425
-36,999
-58% -$3.57M
SJM icon
108
J.M. Smucker
SJM
$12B
$2.66M 0.24%
27,546
+17,982
+188% +$1.88M
JKHY icon
109
Jack Henry & Associates
JKHY
$10.8B
$2.63M 0.23%
16,637
-1,228
-7% -$210K
SF
110
Stifel
SF
$11.8B
$2.61M 0.23%
35,265
-48,504
-58% -$3.85M
HBAN icon
111
Huntington Bancshares
HBAN
$37B
$2.59M 0.23%
165,469
-118,250
-42% -$2.02M
KVUE icon
112
Kenvue
KVUE
$36.4B
$2.58M 0.23%
149,937
-90,717
-38% -$1.62M
ANET icon
113
Arista Networks
ANET
$212B
$2.58M 0.23%
21,052
-26,858
-56% -$3.59M
CFG icon
114
Citizens Financial Group
CFG
$30.6B
$2.58M 0.23%
42,955
-49,624
-54% -$3.05M
MTH icon
115
Meritage Homes
MTH
$4.95B
$2.56M 0.23%
41,446
-24,072
-37% -$1.7M
ARW icon
116
Arrow Electronics
ARW
$10.6B
$2.55M 0.23%
+17,789
New +$2.44M
BRBR icon
117
BellRing Brands
BRBR
$1.41B
$2.54M 0.23%
+157,871
New +$3.2M
GD icon
118
General Dynamics
GD
$99.7B
$2.54M 0.23%
7,395
-2,715
-27% -$963K
CHE icon
119
Chemed
CHE
$6.77B
$2.53M 0.22%
6,690
-316
-5% -$135K
RELY icon
120
Remitly
RELY
$5.08B
$2.46M 0.22%
156,816
-44,983
-22% -$666K
AZO icon
121
AutoZone
AZO
$49.7B
$2.43M 0.22%
719
-92
-11% -$330K
KD icon
122
Kyndryl
KD
$2.68B
$2.41M 0.21%
+183,647
New +$3.23M
BJ icon
123
BJs Wholesale Club
BJ
$11.9B
$2.38M 0.21%
+24,172
New +$2.33M
HURN icon
124
Huron Consulting
HURN
$1.86B
$2.35M 0.21%
18,436
+10,680
+138% +$1.61M
JBHT icon
125
JB Hunt Transport Services
JBHT
$27.4B
$2.35M 0.21%
11,089
+2,454
+28% +$523K
3 4
5
6 7

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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.