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Portfolio (Quarterly) Guide ↗

DARK FOREST CAPITAL MANAGEMENT LP

· CIK 0001853322
13F Portfolio $1.1B AUM 766 positions Filed May 15, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 284 New 138 Added 337 Reduced 449 Exited
Page 12 of 17  ·  337 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
221 WEN WENDY'S CO/THE Consumer Cyclical 87,120.0 $605K 0.05% -449K -83.8% $6.95 +11.5%
222 CUBE CUBESMART Real Estate 16,416.0 $602K 0.05% -112K -87.2% $36.65 +9.4%
223 TKR TIMKEN CO Industrials 5,960.0 $599K 0.05% -24K -80.1% $100.57 +16.5%
224 TTWO TAKE-TWO INTERACTIVE SOFTWRE Communication Services 3,032.0 $599K 0.05% -13K -81.4% $197.50 +19.8%
225 MMI MARCUS & MILLICHAP INC Real Estate 22,371.0 $595K 0.05% -16K -41.2% $26.59 +7.3%
226 NVR NVR INC Consumer Cyclical 89.0 $586K 0.05% -287.0 -76.3% $6589.83 -8.2%
227 EE EXCELERATE ENERGY INC-A Utilities 17,532.0 $586K 0.05% -3K -13.5% $33.42 +5.6%
228 FOLD AMICUS THERAPEUTICS INC Healthcare 40,451.0 $585K 0.05% -100K -71.2% $14.46 +0.2%
229 ENPH ENPHASE ENERGY INC Energy 15,468.0 $585K 0.05% -4K -18.6% $37.81 +64.9%
230 CNXN PC CONNECTION INC Technology 9,891.0 $578K 0.05% -10K -50.6% $58.46 +9.8%
231 DAL DELTA AIR LINES INC Industrials 8,681.0 $577K 0.05% -31K -78.0% $66.48 +13.8%
232 BEN FRANKLIN RESOURCES INC Financial Services 24,216.0 $572K 0.05% -96K -79.9% $23.62 +30.7%
233 ASH ASHLAND INC Basic Materials 10,055.0 $559K 0.05% -26K -71.8% $55.61 +1.2%
234 CGNX COGNEX CORP Technology 11,284.0 $553K 0.05% -24K -68.0% $48.99 +31.2%
235 PAYC PAYCOM SOFTWARE INC Technology 4,467.0 $543K 0.05% -6K -58.3% $121.54 +10.5%
236 V VISA INC-CLASS A SHARES Financial Services 1,774.0 $536K 0.05% -6K -77.6% $302.24 +9.4%
237 IVZ INVESCO LTD Financial Services 21,982.0 $534K 0.05% -68K -75.5% $24.29 +11.1%
238 XPO XPO INC Industrials 2,741.0 $533K 0.05% -2K -43.7% $194.55 +8.3%
239 MP MP MATERIALS CORP Basic Materials 11,006.0 $531K 0.05% -49K -81.6% $48.26 +27.9%
240 PNTG PENNANT GROUP INC/THE Healthcare 17,035.0 $519K 0.05% -61K -78.2% $30.48 +15.9%
Page 12 of 17  ·  337 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 20.5%
Technology 16.2%
Industrials 15.8%
Consumer Cyclical 11.9%
Healthcare 9.8%
Consumer Defensive 5.4%
Energy 4.6%
Utilities 4.2%
Basic Materials 4.1%
Communication Services 4.1%