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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
SGHC icon
176
SGHC Ltd
SGHC
$7.92B
$1.82M 0.16%
168,283
+92,966
+123% +$949K
FIVN icon
177
FIVE9
FIVN
$1.93B
$1.82M 0.16%
+119,732
New +$2.08M
KYMR icon
178
Kymera Therapeutics
KYMR
$9.33B
$1.81M 0.16%
21,760
-17,447
-44% -$1.38M
BSX icon
179
Boston Scientific
BSX
$64.2B
$1.8M 0.16%
28,632
-12,931
-31% -$1.03M
CNA icon
180
CNA Financial
CNA
$14.2B
$1.77M 0.16%
38,512
+8,423
+28% +$399K
F icon
181
Ford
F
$56.9B
$1.76M 0.16%
152,825
-257,972
-63% -$3.4M
FDS icon
182
Factset
FDS
$8.78B
$1.76M 0.16%
+8,103
New +$1.89M
CORZ icon
183
Core Scientific
CORZ
$7.63B
$1.76M 0.16%
117,387
+6,396
+6% +$109K
OXY icon
184
Occidental Petroleum
OXY
$56.2B
$1.75M 0.16%
+26,959
New +$1.36M
HLMN icon
185
Hillman Solutions
HLMN
$1.55B
$1.75M 0.16%
209,878
-80,780
-28% -$730K
SM icon
186
SM Energy
SM
$7.72B
$1.75M 0.16%
55,997
+43,699
+355% +$997K
FMC icon
187
FMC
FMC
$1.42B
$1.75M 0.16%
101,381
-27,209
-21% -$407K
FELE icon
188
Franklin Electric
FELE
$4.59B
$1.74M 0.15%
18,903
-40,821
-68% -$4M
RSI icon
189
Rush Street Interactive
RSI
$3.46B
$1.74M 0.15%
80,003
+7,316
+10% +$140K
TXRH icon
190
Texas Roadhouse
TXRH
$12.8B
$1.74M 0.15%
10,507
-10,207
-49% -$1.83M
HRI icon
191
Herc Holdings
HRI
$4.94B
$1.73M 0.15%
17,400
+13,289
+323% +$1.9M
SCCO icon
192
Southern Copper
SCCO
$157B
$1.73M 0.15%
10,129
-5,767
-36% -$1.06M
GXO icon
193
GXO Logistics
GXO
$6.22B
$1.72M 0.15%
33,243
+8,956
+37% +$513K
S icon
194
SentinelOne
S
$6.45B
$1.72M 0.15%
+133,282
New +$1.85M
TIGO icon
195
Millicom
TIGO
$16.5B
$1.71M 0.15%
22,860
-6,044
-21% -$396K
FIGS icon
196
FIGS
FIGS
$1.72B
$1.71M 0.15%
+115,866
New +$1.48M
MOS icon
197
The Mosaic Company
MOS
$6.98B
$1.7M 0.15%
66,749
+449
+0.7% +$12.3K
OTIS icon
198
Otis Worldwide
OTIS
$27.6B
$1.7M 0.15%
22,011
+15,541
+240% +$1.36M
NTRA icon
199
Natera
NTRA
$38.3B
$1.69M 0.15%
8,428
+427
+5% +$91.9K
BLBD icon
200
Blue Bird Corp
BLBD
$2.57B
$1.68M 0.15%
29,668
+6,156
+26% +$332K
6 7
8
9 10

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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.