Dark Forest Capital Management LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Dark Forest Capital Management LP reported 777 stock positions worth $1.5 billion. Its top holding was iShares MSCI India ETF (INDA) at 1.1% of the portfolio, followed by Axis Capital (AXS, 0.9%) and Micron Technology (MU, 0.8%). Compared with Q1 2026, it opened 324 new positions, sold out of 314, added to 287 and reduced 164. The biggest buy was a new position in iShares MSCI India ETF (INDA) and the biggest sale an exit from Popular (BPOP).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001853322
- Portfolio Value
- $1.5B (Q2 2026)
- SEC Filing
- 0002073679-26-000088 ↗ filed Aug 14, 2026
Holdings Value
Holdings 777 stocks · $1.5B
| INDA iShares MSCI India ETF | 1.09% | 342,603 | $16.9M | New |
| AXS Axis Capital Holdings Ltd. | 0.85% | 122,795 | $13.2M | Add +13.2% |
| MU Micron Technology Inc. | 0.75% | 10,106 | $11.7M | Reduce -53.8% |
| SSNC Ss&c Technologies Holdings | 0.74% | 185,954 | $11.5M | Add +55.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.73% | 22,596 | $11.3M | New |
| LLY Eli Lilly & Co. | 0.67% | 8,625 | $10.3M | Add +103.3% |
| DTE DTE Energy Company | 0.60% | 60,651 | $9.2M | Add +41.8% |
| WEC WEC Energy Group Inc. | 0.59% | 78,819 | $9.2M | Add +452.2% |
| EOG EOG Resources Inc. | 0.58% | 69,367 | $9.0M | Add +1863.4% |
| ITW Illinois Tool Works | 0.54% | 31,148 | $8.4M | Add +68.3% |
| IEX Idex Corp. | 0.53% | 36,200 | $8.2M | New |
| PFSI Pennymac Financial Services | 0.50% | 88,378 | $7.7M | Add +31.8% |
| FITB Fifth Third Bancorp | 0.50% | 136,111 | $7.7M | Add +104.1% |
| OWL Blue Owl Capital Inc. | 0.49% | 875,846 | $7.7M | Add +24.9% |
| RPRX Royalty Pharma PLC Class A | 0.49% | 134,982 | $7.6M | Add +20.4% |
| OMF Onemain Holdings Inc. | 0.46% | 116,682 | $7.1M | Reduce -3.1% |
| AXP American Express Co. | 0.46% | 20,928 | $7.1M | New |
| TRV The Travelers Cos Inc. | 0.45% | 21,127 | $7.0M | New |
| CFG Citizens Financial Group | 0.45% | 98,519 | $6.9M | Add +129.3% |
| PRMB Primo Brands Corp. | 0.44% | 278,767 | $6.8M | Add +138.0% |
| PAYX Paychex Inc. | 0.44% | 69,277 | $6.8M | New |
| ABBV Abbvie Inc. | 0.44% | 26,935 | $6.8M | New |
| HUBS HubSpot Inc. | 0.44% | 37,034 | $6.8M | Add +15.8% |
| MSFT Microsoft Corp. | 0.43% | 17,870 | $6.7M | Add +39.0% |
| AMAT Applied Materials Inc. | 0.42% | 8,931 | $6.5M | Reduce -30.9% |
| NVR NVR Inc. | 0.41% | 938 | $6.4M | Add +953.9% |
| COR Cencora Inc. | 0.40% | 22,055 | $6.2M | New |
| HBAN Huntington Bancshares Inc. | 0.40% | 351,747 | $6.2M | Add +112.6% |
| JPM JPMorgan Chase & Co. | 0.40% | 18,834 | $6.2M | Add +30.4% |
| UNM Unum Group | 0.38% | 66,426 | $5.9M | Add +208.7% |
| DKNG Draftkings Inc. Class A | 0.38% | 230,131 | $5.8M | Reduce -14.8% |
| V Visa Inc. Class A | 0.37% | 16,912 | $5.8M | Add +853.3% |
| FFIN First Finl Bankshares Inc. | 0.37% | 166,092 | $5.7M | Add +200.3% |
| PRU Prudential Financial Inc. | 0.37% | 52,933 | $5.7M | Add +88.4% |
| L Loews Corp. | 0.37% | 50,310 | $5.7M | Add +941.4% |
| MOD Modine Manufacturing Co. | 0.36% | 21,160 | $5.7M | Add +41.9% |
| FCX Freeport-McMoran Inc. | 0.36% | 89,818 | $5.6M | Add +430.0% |
| ROAD Construction Partners Inc. Class A | 0.36% | 47,202 | $5.6M | Add +83.4% |
| KMI Kinder Morgan Inc. | 0.36% | 174,690 | $5.6M | Add +65.8% |
| CAG Conagra Brands Inc. | 0.36% | 409,174 | $5.5M | Add +113.4% |
| TMUS T-Mobile US Inc. | 0.35% | 32,776 | $5.5M | Add +134.3% |
| HLI Houlihan Lokey Inc. | 0.35% | 40,895 | $5.5M | New |
| PEP Pepsico Inc. | 0.35% | 39,939 | $5.4M | New |
| Z Zillow Group Inc. Class C | 0.35% | 171,283 | $5.4M | Add +42.5% |
| CVBF CVB Financial Corp. | 0.35% | 238,859 | $5.4M | Add +1090.2% |
| ZM Zoom Communications Inc. | 0.35% | 62,138 | $5.4M | Reduce -35.2% |
| TPC Tutor Perini Corp. | 0.34% | 64,306 | $5.3M | Add +12.5% |
| ECL Ecolab Inc. | 0.34% | 18,900 | $5.3M | New |
| VLO Valero Energy Corp. | 0.34% | 20,142 | $5.2M | Add +203.2% |
| LPLA LPL Financial Holdings Inc. | 0.34% | 18,439 | $5.2M | Add +18.5% |
| XYL Xylem Inc. | 0.33% | 43,785 | $5.2M | Add +63.1% |
| KRMN Karman Holdings Inc. | 0.33% | 102,646 | $5.1M | Add +260.6% |
| RMD Resmed Inc. | 0.33% | 26,089 | $5.1M | Add +433.1% |
| NIC Nicolet Bankshares Inc. | 0.32% | 30,280 | $5.0M | Reduce -24.6% |
| VFC VF Corp. | 0.32% | 299,963 | $5.0M | New |
| HLIO Helios Technologies Inc. | 0.32% | 55,819 | $5.0M | Add +33.1% |
| ISRG Intuitive Surgical Inc. | 0.32% | 12,331 | $4.9M | Add +78.3% |
| DDS Dillards Inc. Class A | 0.32% | 9,266 | $4.9M | Add +330.8% |
| GGG Graco Inc. | 0.31% | 64,425 | $4.9M | Add +245.4% |
| SCHW Schwab (charles) Corp. | 0.31% | 52,214 | $4.8M | New |
| RTX RTX Corp. | 0.31% | 25,345 | $4.8M | Add +60.1% |
| STX Seagate Technology Holdings | 0.31% | 4,927 | $4.8M | Add +51.0% |
| SAM Boston Beer Company Inc. Class A | 0.30% | 26,691 | $4.7M | New |
| TEL Te Connectivity PLC | 0.30% | 23,388 | $4.7M | Add +195.4% |
| IESC Ies Holdings Inc. | 0.30% | 6,408 | $4.7M | Add +54.6% |
| SEB Seaboard Corp. | 0.30% | 1,045 | $4.7M | Add +66.4% |
| BOOT Boot Barn Holdings Inc. | 0.30% | 28,361 | $4.7M | Add +425.9% |
| TXRH Texas Roadhouse Inc. | 0.30% | 24,102 | $4.7M | Add +129.4% |
| CTSH Cognizant Tech Solutions-A | 0.30% | 120,048 | $4.6M | Add +274.0% |
| WAB Wabtec Corp. | 0.30% | 17,095 | $4.6M | Add +272.5% |
| CTAS Cintas Corp. | 0.30% | 26,956 | $4.6M | Add +128.7% |
| RLI Rli Corp. | 0.29% | 77,071 | $4.6M | New |
| DRI Darden Restaurants Inc. | 0.29% | 21,768 | $4.5M | New |
| WTTR Select Water Solutions Inc. | 0.29% | 223,097 | $4.5M | Add +964.3% |
| EQH Equitable Holdings Inc. | 0.29% | 101,291 | $4.4M | Add +368.7% |
| MMSI Merit Medical Systems Inc. | 0.29% | 64,052 | $4.4M | Add +196.6% |
| XRAY Dentsply Sirona Inc. | 0.28% | 408,379 | $4.3M | Add +407.9% |
| BA The Boeing Co. | 0.28% | 19,977 | $4.3M | Reduce -21.9% |
| ASB Associated Banc-Corp. | 0.28% | 140,087 | $4.3M | New |
| FISV Fiserv Inc. | 0.28% | 87,361 | $4.3M | New |
| VISN Vistance Networks Inc. | 0.27% | 333,339 | $4.3M | Add +312.0% |
| INCY Incyte Corp. | 0.27% | 37,331 | $4.2M | Add +404.1% |
| BSX Boston Scientific Corp. | 0.27% | 98,856 | $4.2M | Add +245.3% |
| MZTI The Marzetti Company | 0.27% | 36,504 | $4.2M | Add +1049.0% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.27% | 47,321 | $4.1M | Add +95.8% |
| CHD Church & Dwight Co. Inc. | 0.26% | 42,139 | $4.1M | Add +300.0% |
| ALSN Allison Transmission Holding | 0.26% | 35,875 | $4.0M | Reduce -34.3% |
| SLGN Silgan Holdings Inc. | 0.26% | 87,107 | $4.0M | Add +107.6% |
| SRE Sempra | 0.26% | 43,579 | $4.0M | New |
| EMN Eastman Chemical Co. | 0.26% | 59,587 | $4.0M | Add +465.3% |
| CBOE Cboe Global Markets Inc. | 0.26% | 16,438 | $4.0M | New |
| TXNM TXNM Energy Inc. | 0.26% | 70,195 | $4.0M | New |
| MCK McKesson Corp. | 0.26% | 5,255 | $4.0M | Add +30.7% |
| MSGE Madison Square Garden Entert | 0.26% | 48,977 | $4.0M | Reduce -3.7% |
| MSA Msa Safety Inc. | 0.25% | 22,543 | $3.9M | Add +221.1% |
| SIRI Sirius XM Holdings Inc. | 0.25% | 132,842 | $3.9M | Reduce -11.2% |
| PH Parker Hannifin Corp. | 0.25% | 4,009 | $3.9M | New |
| ARW Arrow Electronics Inc. | 0.25% | 18,362 | $3.9M | Add +3.2% |
| ACN Accenture PLC Class A | 0.25% | 31,466 | $3.9M | Add +1365.6% |
| AEP American Electric Power | 0.25% | 28,599 | $3.9M | New |
Portfolio Sells Q1 2026 → Q2 2026
| BPOP Popular Inc. | Sold out | 0.00% | −1.05 |
| ROKU Roku Inc. | Sold out | 0.00% | −0.88 |
| CDE Coeur Mining Inc. | Reduce -83.8% | 0.10% | −0.86 |
| TPG TPG Inc. | Reduce -96.6% | 0.02% | −0.74 |
| UNP Union Pacific Corp. | Reduce -81.6% | 0.12% | −0.71 |
| TOST Toast Inc. Class A | Reduce -85.3% | 0.09% | −0.70 |
| AGNC AGNC Investment Corp. | Sold out | 0.00% | −0.63 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.62 |
| BFAM Bright Horizons Family Solut | Sold out | 0.00% | −0.61 |
| ATMU Atmus Filtration Technologie | Sold out | 0.00% | −0.59 |
| FCNCA First Citizens Bcshs Class A | Sold out | 0.00% | −0.58 |
| FERG Ferguson Enterprises Inc. | Reduce -93.8% | 0.03% | −0.56 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.53 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.52 |
| AFRM Affirm Holdings Inc. | Reduce -87.6% | 0.10% | −0.51 |
| LAZ Lazard Inc. | Sold out | 0.00% | −0.50 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −0.50 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.50 |
| SOFI Sofi Technologies Inc. | Reduce -69.8% | 0.16% | −0.48 |
| FWONK Liberty Media Corp. Class C | Reduce -80.5% | 0.09% | −0.47 |
| AAPL Apple Inc. | Reduce -74.5% | 0.12% | −0.46 |
| WTM White Mountains Insurance GP | Sold out | 0.00% | −0.44 |
| FLO Flowers Foods Inc. | Sold out | 0.00% | −0.43 |
| CACC Credit Acceptance Corp. | Sold out | 0.00% | −0.41 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.39 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -93.3% | 0.02% | −0.38 |
| COP Conocophillips | Sold out | 0.00% | −0.38 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.36 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.35 |
| GPOR Gulfport Energy Corp. | Sold out | 0.00% | −0.35 |
| ZM Zoom Communications Inc. | Reduce -35.2% | 0.35% | −0.34 |
| HEI.A Heico Corp. Class A | Sold out | 0.00% | −0.34 |
| NTST Netstreit Corp. | Sold out | 0.00% | −0.31 |
| ALSN Allison Transmission Holding | Reduce -34.3% | 0.26% | −0.31 |
| TJX TJX Companies Inc. | Reduce -55.3% | 0.13% | −0.30 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.30 |
| BBT Beacon Financial Corp. | Sold out | 0.00% | −0.29 |
| BOKF Bok Financial Corporation | Reduce -42.3% | 0.24% | −0.29 |
| CCK Crown Holdings Inc. | Reduce -73.7% | 0.07% | −0.28 |
| UWMC Uwm Holdings Corp. | Sold out | 0.00% | −0.27 |
| SO The Southern Co. | Sold out | 0.00% | −0.27 |
| FTI Technipfmc PLC | Sold out | 0.00% | −0.26 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.26 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.26 |
| CRDO Credo Technology Group Holdi | Reduce -95.7% | 0.03% | −0.25 |
| DX Dynex Capital Inc. | Sold out | 0.00% | −0.25 |
| XP XP Inc. Class A | Sold out | 0.00% | −0.24 |
| CTRI Centuri Holdings Inc. | Sold out | 0.00% | −0.24 |
| MO Altria Group Inc. | Reduce -85.0% | 0.03% | −0.24 |
| KMPR Kemper Corp. | Sold out | 0.00% | −0.24 |
Portfolio Buys Q1 2026 → Q2 2026
| INDA iShares MSCI India ETF | New | 1.09% | +1.09 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.73% | +0.73 |
| EOG EOG Resources Inc. | Add +1863.4% | 0.58% | +0.54 |
| IEX Idex Corp. | New | 0.53% | +0.53 |
| AXP American Express Co. | New | 0.46% | +0.46 |
| TRV The Travelers Cos Inc. | New | 0.45% | +0.45 |
| WEC WEC Energy Group Inc. | Add +452.2% | 0.59% | +0.45 |
| PAYX Paychex Inc. | New | 0.44% | +0.44 |
| ABBV Abbvie Inc. | New | 0.44% | +0.44 |
| COR Cencora Inc. | New | 0.40% | +0.40 |
| NVR NVR Inc. | Add +953.9% | 0.41% | +0.36 |
| HLI Houlihan Lokey Inc. | New | 0.35% | +0.35 |
| PEP Pepsico Inc. | New | 0.35% | +0.35 |
| ECL Ecolab Inc. | New | 0.34% | +0.34 |
| V Visa Inc. Class A | Add +853.3% | 0.37% | +0.33 |
| VFC VF Corp. | New | 0.32% | +0.32 |
| L Loews Corp. | Add +941.4% | 0.37% | +0.32 |
| LLY Eli Lilly & Co. | Add +103.3% | 0.67% | +0.32 |
| CVBF CVB Financial Corp. | Add +1090.2% | 0.35% | +0.31 |
| SCHW Schwab (charles) Corp. | New | 0.31% | +0.31 |
| SAM Boston Beer Company Inc. Class A | New | 0.30% | +0.30 |
| RLI Rli Corp. | New | 0.29% | +0.29 |
| DRI Darden Restaurants Inc. | New | 0.29% | +0.29 |
| ASB Associated Banc-Corp. | New | 0.28% | +0.28 |
| FISV Fiserv Inc. | New | 0.28% | +0.28 |
| FCX Freeport-McMoran Inc. | Add +430.0% | 0.36% | +0.28 |
| SRE Sempra | New | 0.26% | +0.26 |
| WTTR Select Water Solutions Inc. | Add +964.3% | 0.29% | +0.26 |
| CBOE Cboe Global Markets Inc. | New | 0.26% | +0.26 |
| TXNM TXNM Energy Inc. | New | 0.26% | +0.26 |
| PH Parker Hannifin Corp. | New | 0.25% | +0.25 |
| AEP American Electric Power | New | 0.25% | +0.25 |
| WFC Wells Fargo & Co. | New | 0.25% | +0.25 |
| MS Morgan Stanley | New | 0.25% | +0.25 |
| T AT&T Inc. | New | 0.25% | +0.25 |
| PRMB Primo Brands Corp. | Add +138.0% | 0.44% | +0.24 |
| UNM Unum Group | Add +208.7% | 0.38% | +0.24 |
| PKG Packaging Corp. of America | New | 0.24% | +0.24 |
| PFGC Performance Food Group Co. | New | 0.23% | +0.23 |
| BOOT Boot Barn Holdings Inc. | Add +425.9% | 0.30% | +0.23 |
| RMD Resmed Inc. | Add +433.1% | 0.33% | +0.23 |
| MZTI The Marzetti Company | Add +1049.0% | 0.27% | +0.23 |
| NUE Nucor Corp. | New | 0.23% | +0.23 |
| FOXA Fox Corp. Class A | New | 0.23% | +0.23 |
| R Ryder System Inc. | New | 0.23% | +0.23 |
| FFIN First Finl Bankshares Inc. | Add +200.3% | 0.37% | +0.23 |
| FITB Fifth Third Bancorp | Add +104.1% | 0.50% | +0.22 |
| CFG Citizens Financial Group | Add +129.3% | 0.45% | +0.22 |
| EQH Equitable Holdings Inc. | Add +368.7% | 0.29% | +0.22 |
| ACN Accenture PLC Class A | Add +1365.6% | 0.25% | +0.21 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 777 | $1.5B | INDA, AXS, MU, SSNC, BRK.B |
| Q1 2026 | 766 | $1.1B | BPOP, AXS, CDE, ROKU, UNP |
| Q4 2025 | 931 | $2.2B | EEM, WMT, AXS, CVX, TOST |
| Q3 2025Amended | 1,110 | $2.7B | L, EWZ, SPG, VWO, INDA |
| Q2 2025 | 1,133 | $2.5B | LNG, MSFT, NVDA, PANW, SPG |
| Q1 2025 | 1,192 | $2.2B | LNG, CRH, GOOGL, AMCR, AXS |
| Q4 2024 | 887 | $678.2M | GOOGL, CRH, TTD, APP, HYG |
| Q3 2024 | 937 | $782.5M | XLU, GOOGL, WDAY, TTD, APO |
| Q2 2024 | 636 | $546.2M | GOOGL, PLTR, APO, AVTR, RPRX |
| Q1 2024 | 672 | $590.6M | GOOGL, CRWD, KKR, ESTC, EDR |