DARK FOREST CAPITAL MANAGEMENT LP
Filing Date
Global Rank
#1,675
/ 8,586
▼ 495
Top Industry
Banks - Regional
7.8%
3Y Alpha vs SPY
-1.7%
Period ended 3 months ago
Filed May 15, 2026 · 32d
20 quarters · since Jun 2021
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+70.9%
SPY
+78.1%
Annualised alpha
-1.7%
Max drawdown
−22.8%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
753 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
1.1%
+0.3 pts
Top 5
4.8%
+1.2 pts
Top 10
8.6%
+2.2 pts
HHI
30
Diversified+8
Portfolio Trend
20 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 21.5% | $235,336,551 |
| Technology | 15.8% | $173,742,454 |
| Industrials | 15.6% | $170,550,332 |
| Consumer Cyclical | 12.3% | $135,012,028 |
| Healthcare | 9.9% | $108,452,243 |
| Consumer Defensive | 5.4% | $59,315,443 |
| Energy | 4.6% | $50,848,503 |
| Basic Materials | 4.3% | $46,880,978 |
| Utilities | 4.1% | $44,785,315 |
| Real Estate | 3.4% | $36,935,469 |
| Communication Services | 3.1% | $34,430,001 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CDE | Coeur Mining, Inc. | +523,179 | 575,124 | $10,795,077 | |
| OWL | Blue Owl Capital Inc. | +463,508 | 701,317 | $6,403,024 | |
| FLO | Flowers Foods Inc | +365,380 | 593,491 | $4,836,951 | |
| SOFI | SoFi Technologies, Inc. | +334,291 | 450,929 | $7,160,752 | |
| TPG | TPG Inc. | +186,773 | 211,569 | $8,570,660 | |
| DKNG | DraftKings Inc. | +183,584 | 270,010 | $5,837,616 | |
| CCC | CCC Intelligent Solutions Holdings Inc. | +138,370 | 185,404 | $1,112,424 | |
| PTON | Peloton Interactive, Inc. | +105,632 | 289,057 | $1,240,054 | |
| SGHC | Super Group (SGHC) Ltd | +92,966 | 168,283 | $1,817,456 | |
| AFRM | Affirm Holdings, Inc. | +89,401 | 150,069 | $6,876,161 | |
| BBT | Beacon Financial Corp | +79,864 | 110,760 | $3,322,800 | |
| XPRO | Expro Group Holdings N.V. | +75,964 | 95,077 | $1,655,290 | |
| ECVT | Ecovyst Inc. | +66,685 | 82,221 | $1,057,362 | |
| CNXC | Concentrix Corp | +53,128 | 80,745 | $2,209,183 | |
| ROKU | Roku, Inc | +49,956 | 104,558 | $9,893,277 | |
| ZM | Zoom Communications, Inc. | +49,190 | 95,918 | $7,710,848 | |
| MSGE | Madison Square Garden Entertainment Corp. | +46,996 | 50,870 | $2,996,751 | |
| SM | SM Energy Co | +43,699 | 55,997 | $1,745,986 | |
| LKQ | Lkq Corp | +38,898 | 47,083 | $1,382,827 | |
| NMRK | Newmark Group, Inc. | +38,336 | 101,059 | $1,514,874 | |
| ORI | Old Republic International Corp | +38,118 | 54,798 | $2,186,440 | |
| NIC | Nicolet Bankshares Inc | +36,568 | 40,155 | $5,967,836 | |
| CPRT | Copart Inc | +35,785 | 54,750 | $1,817,700 | |
| GAP | Gap Inc | +35,021 | 77,543 | $1,876,540 | |
| TPC | Tutor Perini Corp | +34,757 | 57,152 | $4,411,562 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CCO | Clear Channel Outdoor Holdings, Inc. | −1,208,708 | 130,031 | $308,173 | |
| OPTU | Optimum Communications, Inc. | −804,679 | 84,267 | $109,547 | |
| XRAY | DENTSPLY SIRONA Inc. | −519,021 | 80,413 | $932,790 | |
| VLY | Valley National Bancorp | −516,072 | 58,470 | $718,011 | |
| PCG | PG&E Corp | −474,855 | 128,190 | $2,252,298 | |
| WEN | Wendy's Co | −448,983 | 87,120 | $605,484 | |
| PK | Park Hotels & Resorts Inc. | −421,596 | 59,754 | $629,209 | |
| AUR | Aurora Innovation, Inc. | −398,979 | 172,342 | $710,049 | |
| NWL | Newell Brands Inc. | −391,053 | 308,270 | $1,057,366 | |
| PRGO | PERRIGO Co plc | −321,626 | 14,104 | $151,476 | |
| DRH | DiamondRock Hospitality Co | −277,100 | 40,077 | $375,521 | |
| F | Ford Motor Co | −257,972 | 152,825 | $1,763,600 | |
| CERT | Certara, Inc. | −242,891 | 62,140 | $354,198 | |
| LAC | Lithium Americas Corp. | −238,472 | 11,296 | $44,619 | |
| DEI | Douglas Emmett Inc | −225,159 | 24,167 | $227,653 | |
| EFC | Ellington Financial Inc. | −217,472 | 69,311 | $821,335 | |
| CAG | Conagra Brands Inc. | −207,155 | 191,779 | $3,014,765 | |
| LAUR | Laureate Education, Inc. | −200,939 | 32,567 | $1,134,634 | |
| BNL | Broadstone Net Lease, Inc. | −197,681 | 121,299 | $2,216,132 | |
| MDXG | Mimedx Group, Inc. | −187,819 | 53,152 | $209,950 | |
| EBC | Eastern Bankshares, Inc. | −187,638 | 162,406 | $3,176,661 | |
| NVRI-WI | Enviri II Corp | −184,696 | 11,981 | $0 | |
| GCMG | GCM Grosvenor Inc. | −171,194 | 42,562 | $417,107 | |
| SFD | Smithfield Foods Inc | −169,201 | 32,978 | $922,394 | |
| RPRX | Royalty Pharma plc | −166,251 | 112,062 | $5,375,614 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| LPLA | LPL Financial Holdings Inc. | 15,563 | $4,681,817 | |
| CPB | CAMPBELL'S Co | 190,170 | $4,235,085 | |
| XYL | Xylem Inc. | 26,851 | $3,208,694 | |
| CRDO | Credo Technology Group Holding Ltd | 33,030 | $3,100,526 | |
| FITB | Fifth Third Bancorp | 66,686 | $3,098,231 | |
| MO | Altria Group, Inc. | 46,434 | $3,064,179 | |
| PSX | Phillips 66 | 16,817 | $3,063,721 | |
| UWMC | UWM Holdings Corp | 839,121 | $3,037,618 | |
| FTI | TechnipFMC plc | 42,652 | $2,948,532 | |
| TMUS | T-Mobile US, Inc. | 13,988 | $2,937,899 | |
| PFE | Pfizer Inc | 103,674 | $2,911,165 | |
| BIIB | Biogen Inc. | 15,736 | $2,884,880 | |
| XP | XP Inc. | 144,559 | $2,752,403 | |
| PRU | Prudential Financial Inc | 28,091 | $2,744,209 | |
| ARW | Arrow Electronics, Inc. | 17,789 | $2,551,120 | |
| BRBR | Bellring Brands, Inc. | 157,871 | $2,540,144 | |
| KD | Kyndryl Holdings, Inc. | 183,647 | $2,409,448 | |
| BJ | BJ's Wholesale Club Holdings, Inc. | 24,172 | $2,379,008 | |
| EWBC | East West Bancorp Inc | 21,467 | $2,291,816 | |
| KRMN | Karman Holdings Inc. | 28,468 | $2,278,863 | |
| MLI | Mueller Industries Inc | 19,821 | $2,196,166 | |
| SPGI | S&P Global Inc. | 5,000 | $2,126,700 | |
| GT | Goodyear Tire & Rubber Co /Oh/ | 318,077 | $2,108,850 | |
| JBLU | Jetblue Airways Corp | 469,622 | $2,075,729 | |
| DD | DuPont de Nemours, Inc. | 43,705 | $2,001,689 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CVX | Chevron Corp | 98,347 | $14,989,066 | |
| SPG | Simon Property Group Inc. | 67,279 | $12,454,015 | |
| BROS | Dutch Bros Inc. | 162,584 | $9,953,392 | |
| PLD | Prologis, Inc. | 75,468 | $9,634,244 | |
| RITM | Rithm Capital Corp. | 784,237 | $8,548,183 | |
| LTH | Life Time Group Holdings, Inc. | 312,040 | $8,294,023 | |
| VICI | Vici Properties Inc. | 285,590 | $8,030,790 | |
| VRT | Vertiv Holdings Co | 48,338 | $7,831,239 | |
| AVGO | Broadcom Inc. | 22,149 | $7,665,768 | |
| COF | Capital One Financial Corp | 30,157 | $7,308,850 | |
| PNR | PENTAIR plc | 69,904 | $7,279,802 | |
| MMM | 3M Co | 40,169 | $6,431,056 | |
| RNG | RingCentral, Inc. | 221,917 | $6,408,962 | |
| RGLD | Royal Gold Inc | 28,774 | $6,396,172 | |
| MS | Morgan Stanley | 35,689 | $6,335,868 | |
| DIS | Walt Disney Co | 50,947 | $5,796,240 | |
| CFR | Cullen/Frost Bankers, Inc. | 44,743 | $5,665,806 | |
| LYFT | Lyft, Inc. | 289,319 | $5,604,109 | |
| WST | West Pharmaceutical Services Inc | 20,131 | $5,538,843 | |
| OHI | Omega Healthcare Investors Inc | 124,888 | $5,537,533 | |
| OMC | Omnicom Group Inc. | 67,528 | $5,452,886 | |
| IFF | International Flavors & Fragrances Inc | 76,560 | $5,159,378 | |
| RBRK | Rubrik, Inc. | 67,444 | $5,158,117 | |
| CR | Crane Co | 27,551 | $5,081,230 | |
| SHW | Sherwin Williams Co | 15,665 | $5,075,929 | |
| No positions match the current search. | ||||
38 positions ·
$59,315,443 total
· Consumer Defensive only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| FLO |
Flowers Foods Inc
Consumer Defensive
|
Added | 593,491 | $4,836,951 | 8.15% | |
| CPB |
CAMPBELL'S Co
Consumer Defensive
|
NEW | 190,170 | $4,235,085 | 7.14% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Added | 3,473 | $3,460,601 | 5.83% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 26,847 | $3,336,545 | 5.63% | |
| MO |
Altria Group, Inc.
Consumer Defensive
|
NEW | 46,434 | $3,064,179 | 5.17% | |
| CAG |
Conagra Brands Inc.
Consumer Defensive
|
Reduced | 191,779 | $3,014,765 | 5.08% | |
| SJM |
J M SMUCKER Co
Consumer Defensive
|
Added | 27,546 | $2,656,536 | 4.48% | |
| KVUE |
Kenvue Inc.
Consumer Defensive
|
Reduced | 149,937 | $2,584,913 | 4.36% | |
| BRBR |
Bellring Brands, Inc.
Consumer Defensive
|
NEW | 157,871 | $2,540,144 | 4.28% | |
| BJ |
BJ's Wholesale Club Holdings, Inc.
Consumer Defensive
|
NEW | 24,172 | $2,379,008 | 4.01% | |
| HLF |
Herbalife Ltd.
Consumer Defensive
|
Reduced | 154,493 | $2,274,136 | 3.83% | |
| PRMB |
Primo Brands Corp
Consumer Defensive
|
Added | 117,149 | $2,205,915 | 3.72% | |
| WMK |
Weis Markets Inc
Consumer Defensive
|
Reduced | 30,395 | $2,078,714 | 3.50% | |
| HSY |
Hershey Co
Consumer Defensive
|
Reduced | 9,660 | $2,008,217 | 3.39% | |
| IMKTA |
Ingles Markets Inc
Consumer Defensive
|
NEW | 21,018 | $1,889,308 | 3.19% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Reduced | 15,888 | $1,532,715 | 2.58% | |
| TPB |
Turning Point Brands, Inc.
Consumer Defensive
|
Added | 16,740 | $1,452,864 | 2.45% | |
| KO |
Coca Cola Co
Consumer Defensive
|
NEW | 16,368 | $1,244,786 | 2.10% | |
| OLLI |
Ollie's Bargain Outlet Holdings, Inc.
Consumer Defensive
|
Added | 13,378 | $1,231,311 | 2.08% | |
| LAUR |
Laureate Education, Inc.
Consumer Defensive
|
Reduced | 32,567 | $1,134,634 | 1.91% | |
| NWL |
Newell Brands Inc.
Consumer Defensive
|
Reduced | 308,270 | $1,057,366 | 1.78% | |
| MKC |
Mccormick & Co Inc
Consumer Defensive
|
NEW | 20,005 | $1,009,052 | 1.70% | |
| CHD |
Church & Dwight Co Inc /De/
Consumer Defensive
|
Reduced | 10,535 | $983,126 | 1.66% | |
| SFD |
Smithfield Foods Inc
Consumer Defensive
|
Reduced | 32,978 | $922,394 | 1.56% | |
| TSN |
Tyson Foods, Inc.
Consumer Defensive
|
Reduced | 13,127 | $841,046 | 1.42% | |
| KR |
Kroger Co
Consumer Defensive
|
NEW | 9,857 | $713,252 | 1.20% | |
| TAP |
Molson Coors Beverage Co
Consumer Defensive
|
Reduced | 15,316 | $659,506 | 1.11% | |
| SPB |
Spectrum Brands Holdings, Inc.
Consumer Defensive
|
NEW | 7,460 | $549,802 | 0.93% | |
| UTI |
Universal Technical Institute Inc
Consumer Defensive
|
NEW | 13,402 | $483,812 | 0.82% | |
| DLTR |
Dollar Tree, Inc.
Consumer Defensive
|
Reduced | 4,291 | $469,907 | 0.79% | |
| MZTI |
Marzetti Co
Consumer Defensive
|
Reduced | 3,177 | $439,474 | 0.74% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
NEW | 2,613 | $377,421 | 0.64% | |
| LW |
Lamb Weston Holdings, Inc.
Consumer Defensive
|
Reduced | 8,313 | $351,307 | 0.59% | |
| COCO |
Vita Coco Company, Inc.
Consumer Defensive
|
Reduced | 6,607 | $316,541 | 0.53% | |
| STRA |
Strategic Education, Inc.
Consumer Defensive
|
NEW | 3,260 | $270,449 | 0.46% | |
| ACI |
Albertsons Companies, Inc.
Consumer Defensive
|
NEW | 15,153 | $258,207 | 0.44% | |
| UTZ |
Utz Brands, Inc.
Consumer Defensive
|
NEW | 30,700 | $243,144 | 0.41% | |
| DAR |
Darling Ingredients Inc.
Consumer Defensive
|
Reduced | 3,368 | $208,310 | 0.35% |