Dark Forest Capital Management LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Dark Forest Capital Management LP reported 672 stock positions worth $590.6 million. Its top holding was Alphabet Class A (GOOGL) at 10.3% of the portfolio, followed by CrowdStrike Class A (CRWD, 3.3%) and KKR (KKR, 2.5%). Compared with Q4 2023, it opened 388 new positions, sold out of 141, added to 125 and reduced 152. The biggest buy was CrowdStrike Class A (CRWD, shares +4135%) and the biggest sale Alphabet Class A (GOOGL, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001853322
- Portfolio Value
- $590.6M (Q1 2024)
- SEC Filing
- 0001853322-24-000004 ↗ filed May 15, 2024
Holdings Value
Holdings 672 stocks · $590.6M
| GOOGL Alphabet Inc. Class A | 10.29% | 402,649 | $60.8M | Reduce -59.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 3.28% | 60,395 | $19.4M | Add +4135.3% |
| KKR KKR & Co. Inc. | 2.54% | 149,369 | $15.0M | Reduce -16.8% |
| ESTC Elastic NV | 1.92% | 113,126 | $11.3M | New |
| EDR Endeavor Group Hold Class A | 1.63% | 375,053 | $9.7M | New |
| WDAY Workday Inc. Class A | 1.46% | 31,513 | $8.6M | Reduce -54.9% |
| WERN Werner Enterprises Inc. | 1.26% | 189,746 | $7.4M | Add +5.8% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.17% | 89,196 | $6.9M | Reduce -58.3% |
| ACI Albertsons Cos Inc. Class A | 1.12% | 307,173 | $6.6M | Add +9.2% |
| FOUR SHIFT4 Payments Inc. Class A | 1.06% | 94,758 | $6.3M | Reduce -62.1% |
| CABO Cable One Inc. | 1.02% | 14,205 | $6.0M | Add +1396.8% |
| IART Integra Lifesciences Holding | 0.91% | 151,093 | $5.4M | Add +2937.1% |
| MP MP Materials Corp. | 0.86% | 355,312 | $5.1M | New |
| VT Vanguard Tot World STK ETF | 0.84% | 44,702 | $4.9M | Reduce -59.2% |
| LEG Leggett & Platt Inc. | 0.82% | 253,013 | $4.8M | New |
| LBRDK Liberty Broadband-C | 0.81% | 83,686 | $4.8M | Add +16.6% |
| FTI Technipfmc PLC | 0.78% | 184,048 | $4.6M | New |
| HTZ Hertz Global Hldgs Inc. | 0.76% | 570,672 | $4.5M | Add +1381.7% |
| NI Nisource Inc. | 0.70% | 149,603 | $4.1M | New |
| NE Noble Corp. PLC | 0.66% | 79,876 | $3.9M | Reduce -3.0% |
| FOXF Fox Factory Holding Corp. | 0.64% | 72,257 | $3.8M | Reduce -0.8% |
| RHP Ryman Hospitality Properties | 0.61% | 31,084 | $3.6M | Add +10.4% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.59% | 61,519 | $3.5M | New |
| HEI.A Heico Corp. Class A | 0.55% | 21,290 | $3.3M | Add +18.3% |
| TPL Texas Pacific Land Corp. | 0.54% | 5,541 | $3.2M | Add +0.5% |
| BKLN Invesco Senior Loan ETF | 0.51% | 141,438 | $3.0M | Reduce -57.4% |
| SSNC Ss&c Technologies Holdings | 0.48% | 44,249 | $2.8M | Add +270.2% |
| AZEK The Azek Co. Inc. | 0.46% | 53,729 | $2.7M | Add +416.1% |
| VWO Vanguard Ftse Emerging Marke | 0.45% | 64,289 | $2.7M | Reduce -62.2% |
| HELE Helen of Troy Ltd. | 0.45% | 23,298 | $2.7M | Reduce -23.7% |
| JNK SS SPDR BB High Yield Bond | 0.44% | 27,427 | $2.6M | Reduce -55.5% |
| NSSC Napco Security Technologies | 0.42% | 61,508 | $2.5M | Add +13.8% |
| ACMR Acm Research Inc. Class A | 0.41% | 82,946 | $2.4M | Reduce -22.6% |
| DOCN Digitalocean Holdings Inc. | 0.40% | 62,606 | $2.4M | New |
| EWJ iShares MSCI Japan ETF | 0.40% | 33,469 | $2.4M | Reduce -24.8% |
| YOU Clear Secure Inc. Class A | 0.40% | 111,935 | $2.4M | Add +39.5% |
| AGNC AGNC Investment Corp. | 0.40% | 239,052 | $2.4M | New |
| AROC Archrock Inc. | 0.39% | 118,241 | $2.3M | New |
| SKWD Skyward Specialty Insurance | 0.38% | 59,524 | $2.2M | New |
| TCBI Texas Capital Bancshares Inc. | 0.37% | 35,384 | $2.2M | Reduce -40.7% |
| DOCU Docusign Inc. | 0.36% | 35,809 | $2.1M | Reduce -33.1% |
| WSC Willscot Holdings Corp. | 0.36% | 45,525 | $2.1M | Add +214.8% |
| EMB iShares JP Morgan Usd Emergi | 0.35% | 23,110 | $2.1M | Reduce -50.4% |
| CDP Copt Defense Properties | 0.35% | 85,320 | $2.1M | Reduce -50.0% |
| EGP Eastgroup Properties Inc. | 0.35% | 11,376 | $2.0M | New |
| SPB Spectrum Brands Holdings Inc. | 0.33% | 22,028 | $2.0M | Reduce -33.0% |
| O Realty Income Corp. | 0.31% | 33,786 | $1.8M | New |
| FTAI Ftai Aviation Ltd. | 0.31% | 27,127 | $1.8M | Add +71.9% |
| COCO The Vita Coco Co. Inc. | 0.31% | 74,049 | $1.8M | Add +21.3% |
| TALO Talos Energy Inc. | 0.30% | 127,471 | $1.8M | Add +868.3% |
| IAS Integral Ad Science Holding | 0.30% | 177,858 | $1.8M | New |
| VIRT Virtu Financial Inc. Class A | 0.30% | 85,486 | $1.8M | Add +114.7% |
| OMF Onemain Holdings Inc. | 0.29% | 33,979 | $1.7M | Reduce -40.0% |
| TGNA Tegna Inc. | 0.29% | 113,943 | $1.7M | Reduce -43.0% |
| TOL Toll Brothers Inc. | 0.28% | 12,960 | $1.7M | Add +300.9% |
| ELF Elf Beauty Inc. | 0.28% | 8,385 | $1.6M | New |
| CENTA Central Garden and Pet Co. Class A | 0.28% | 44,437 | $1.6M | New |
| AD Array Digital Infrastructure filed as UNITED STATES CELLULAR CORP | 0.27% | 44,445 | $1.6M | Reduce -7.4% |
| APLE Apple Hospitality REIT Inc. | 0.27% | 98,114 | $1.6M | New |
| RYAN Ryan Specialty Holdings Inc. | 0.27% | 28,602 | $1.6M | New |
| BPOP Popular Inc. | 0.27% | 17,869 | $1.6M | Reduce -50.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.27% | 6,296 | $1.6M | Reduce -74.7% |
| INSW International Seaways Inc. | 0.26% | 28,481 | $1.5M | Reduce -14.0% |
| EQT Eqt Corp. | 0.25% | 40,462 | $1.5M | New |
| PHM Pultegroup Inc. | 0.25% | 12,373 | $1.5M | Add +397.5% |
| HLNE Hamilton Lane Inc. Class A | 0.25% | 12,838 | $1.4M | Reduce -39.9% |
| CRGY Crescent Energy Inc. Class A | 0.24% | 119,857 | $1.4M | New |
| HLF Herbalife Ltd. | 0.24% | 141,640 | $1.4M | Add +30.8% |
| APPF Appfolio Inc. Class A | 0.24% | 5,740 | $1.4M | Add +298.6% |
| TNET Trinet Group Inc. | 0.24% | 10,683 | $1.4M | New |
| TPH Tri Pointe Homes Inc. | 0.24% | 36,370 | $1.4M | Add +277.7% |
| BFAM Bright Horizons Family Solut | 0.24% | 12,327 | $1.4M | Add +18.4% |
| NTST Netstreit Corp. | 0.24% | 75,890 | $1.4M | Add +21.6% |
| TDOC Teladoc Health Inc. | 0.24% | 92,259 | $1.4M | New |
| KNSA Kiniksa Pharmaceuticals Ltd. | 0.24% | 70,596 | $1.4M | New |
| SKT Tanger Inc. | 0.23% | 46,513 | $1.4M | New |
| WTTR Select Water Solutions Inc. | 0.23% | 147,447 | $1.4M | Add +3.8% |
| DUOL Duolingo | 0.23% | 6,156 | $1.4M | New |
| PUBM Pubmatic Inc. Class A | 0.23% | 56,876 | $1.3M | Add +7.5% |
| TMHC Taylor Morrison Home Corp. | 0.23% | 21,586 | $1.3M | Add +388.4% |
| ATKR Atkore Inc. | 0.23% | 7,031 | $1.3M | Add +439.2% |
| KOS Kosmos Energy Ltd. | 0.23% | 223,908 | $1.3M | Reduce -4.6% |
| COKE Coca-Cola Consolidated Inc. | 0.23% | 1,572 | $1.3M | New |
| ALSN Allison Transmission Holding | 0.22% | 16,187 | $1.3M | New |
| HE Hawaiian Electric Inds | 0.22% | 116,158 | $1.3M | Add +209.7% |
| LII Lennox International Inc. | 0.22% | 2,676 | $1.3M | Add +196.7% |
| ESI Element Solutions Inc. | 0.22% | 51,912 | $1.3M | New |
| COIN Coinbase Global Inc. Class A | 0.22% | 4,847 | $1.3M | New |
| LIVN Livanova PLC | 0.21% | 22,554 | $1.3M | Reduce -85.0% |
| HCA HCA Healthcare Inc. | 0.21% | 3,717 | $1.2M | Add +274.3% |
| LEN.B Lennar Corp. Class B | 0.21% | 8,000 | $1.2M | No change |
| CERE Cerevel Therapeutics Holding | 0.21% | 28,923 | $1.2M | New |
| CWB SS SPDR BB Conv Sec ETF | 0.20% | 16,427 | $1.2M | Add +23.5% |
| PENN Penn Entertainment Inc. | 0.20% | 65,491 | $1.2M | New |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.20% | 36,612 | $1.2M | New |
| KBH KB Home | 0.20% | 16,606 | $1.2M | Add +100.8% |
| VGK Vanguard Ftse Europe ETF | 0.20% | 17,361 | $1.2M | Reduce -55.8% |
| LITE Lumentum Holdings Inc. | 0.20% | 24,503 | $1.2M | Reduce -15.4% |
| HAPN Happen Inc. filed as LENDINGCLUB CORP | 0.20% | 131,320 | $1.2M | Add +27.2% |
| PLTR Palantir Technologies Inc. Class A | 0.20% | 50,110 | $1.2M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $5K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SLNWF Selina Hospitality PLC-27 | *W EXP 10/27/202 | 607,185 | $5K | No change |
Total filed on the 13F, all lines: $590.6M.
Portfolio Sells Q4 2023 → Q1 2024
| GOOGL Alphabet Inc. Class A | Reduce -59.5% | 10.29% | −10.56 |
| P Everpure Inc. Class A | Sold out | 0.00% | −2.76 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −2.60 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -62.1% | 1.06% | −1.73 |
| WDAY Workday Inc. Class A | Reduce -54.9% | 1.46% | −1.44 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -58.3% | 1.17% | −1.31 |
| CRI Carter's Inc. | Sold out | 0.00% | −1.11 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −1.10 |
| LIVN Livanova PLC | Reduce -85.0% | 0.21% | −0.95 |
| VT Vanguard Tot World STK ETF | Reduce -59.2% | 0.84% | −0.86 |
| AMLX Amylyx Pharmaceuticals Inc. | Sold out | 0.00% | −0.69 |
| CALX Calix Inc. | Sold out | 0.00% | −0.68 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -74.7% | 0.27% | −0.60 |
| VWO Vanguard Ftse Emerging Marke | Reduce -62.2% | 0.45% | −0.59 |
| TNL Travel + Leisure Co. | Sold out | 0.00% | −0.56 |
| BKLN Invesco Senior Loan ETF | Reduce -57.4% | 0.51% | −0.55 |
| GO Grocery Outlet Holding Corp. | Reduce -84.8% | 0.12% | −0.53 |
| JWN Nordstrom Inc. | Reduce -90.3% | 0.07% | −0.52 |
| CRBG Corebridge Financial Inc. | Reduce -81.5% | 0.18% | −0.46 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.46 |
| AMH American Homes 4 Rent- A | Sold out | 0.00% | −0.45 |
| RITM Rithm Capital Corp. | Sold out | 0.00% | −0.44 |
| JNK SS SPDR BB High Yield Bond | Reduce -55.5% | 0.44% | −0.44 |
| MPT Medical Properties Trust Inc. | Sold out | 0.00% | −0.43 |
| CACC Credit Acceptance Corp. | Sold out | 0.00% | −0.42 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.39 |
| NFE New Fortress Energy Inc. | Reduce -75.9% | 0.11% | −0.39 |
| FIGS Figs Inc. Class A | Reduce -79.5% | 0.07% | −0.35 |
| EWA iShares MSCI Australia ETF | Sold out | 0.00% | −0.32 |
| FHI Federated Hermes Inc. | Reduce -80.3% | 0.10% | −0.31 |
| SPHR Sphere Entertainment Co. | Sold out | 0.00% | −0.31 |
| CDP Copt Defense Properties | Reduce -50.0% | 0.35% | −0.31 |
| TRNO Terreno Realty Corp. | Reduce -88.0% | 0.05% | −0.31 |
| SKIN Skinhealth Systems Inc. | Sold out | 0.00% | −0.31 |
| ESMT Engagesmart Inc. | Sold out | 0.00% | −0.30 |
| ICVT iShares Convertible Bond ETF | Reduce -66.4% | 0.19% | −0.30 |
| DE Deere & Co. | Sold out | 0.00% | −0.30 |
| CXM Sprinklr Inc. Class A | Sold out | 0.00% | −0.29 |
| EMB iShares JP Morgan Usd Emergi | Reduce -50.4% | 0.35% | −0.27 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.25 |
| DK Delek US Holdings Inc. | Sold out | 0.00% | −0.24 |
| COTY Coty Inc. Class A | Reduce -88.2% | 0.03% | −0.24 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.23 |
| ENOV Enovis Corp. | Sold out | 0.00% | −0.23 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −0.22 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.22 |
| MANH Manhattan Associates Inc. | Sold out | 0.00% | −0.21 |
| EPC Edgewell Personal Care Co. | Sold out | 0.00% | −0.21 |
| PM Philip Morris International | Reduce -83.3% | 0.05% | −0.21 |
| TCBI Texas Capital Bancshares Inc. | Reduce -40.7% | 0.37% | −0.21 |
Portfolio Buys Q4 2023 → Q1 2024
| CRWD CrowdStrike Holdings Inc. Class A | Add +4135.3% | 3.28% | +3.22 |
| ESTC Elastic NV | New | 1.92% | +1.92 |
| EDR Endeavor Group Hold Class A | New | 1.63% | +1.63 |
| CABO Cable One Inc. | Add +1396.8% | 1.02% | +0.94 |
| IART Integra Lifesciences Holding | Add +2937.1% | 0.91% | +0.87 |
| MP MP Materials Corp. | New | 0.86% | +0.86 |
| LEG Leggett & Platt Inc. | New | 0.82% | +0.82 |
| FTI Technipfmc PLC | New | 0.78% | +0.78 |
| NI Nisource Inc. | New | 0.70% | +0.70 |
| HTZ Hertz Global Hldgs Inc. | Add +1381.7% | 0.76% | +0.70 |
| NXT Nextpower Inc. | New | 0.59% | +0.59 |
| DOCN Digitalocean Holdings Inc. | New | 0.40% | +0.40 |
| AGNC AGNC Investment Corp. | New | 0.40% | +0.40 |
| AZEK The Azek Co. Inc. | Add +416.1% | 0.46% | +0.40 |
| AROC Archrock Inc. | New | 0.39% | +0.39 |
| SKWD Skyward Specialty Insurance | New | 0.38% | +0.38 |
| SSNC Ss&c Technologies Holdings | Add +270.2% | 0.48% | +0.37 |
| EGP Eastgroup Properties Inc. | New | 0.35% | +0.35 |
| O Realty Income Corp. | New | 0.31% | +0.31 |
| IAS Integral Ad Science Holding | New | 0.30% | +0.30 |
| ELF Elf Beauty Inc. | New | 0.28% | +0.28 |
| CENTA Central Garden and Pet Co. Class A | New | 0.28% | +0.28 |
| TALO Talos Energy Inc. | Add +868.3% | 0.30% | +0.27 |
| APLE Apple Hospitality REIT Inc. | New | 0.27% | +0.27 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.27% | +0.27 |
| WSC Willscot Holdings Corp. | Add +214.8% | 0.36% | +0.26 |
| EQT Eqt Corp. | New | 0.25% | +0.25 |
| CRGY Crescent Energy Inc. Class A | New | 0.24% | +0.24 |
| TNET Trinet Group Inc. | New | 0.24% | +0.24 |
| TDOC Teladoc Health Inc. | New | 0.24% | +0.24 |
| KNSA Kiniksa Pharmaceuticals Ltd. | New | 0.24% | +0.24 |
| TOL Toll Brothers Inc. | Add +300.9% | 0.28% | +0.23 |
| SKT Tanger Inc. | New | 0.23% | +0.23 |
| DUOL Duolingo | New | 0.23% | +0.23 |
| COKE Coca-Cola Consolidated Inc. | New | 0.23% | +0.23 |
| ALSN Allison Transmission Holding | New | 0.22% | +0.22 |
| ESI Element Solutions Inc. | New | 0.22% | +0.22 |
| COIN Coinbase Global Inc. Class A | New | 0.22% | +0.22 |
| PHM Pultegroup Inc. | Add +397.5% | 0.25% | +0.21 |
| CERE Cerevel Therapeutics Holding | New | 0.21% | +0.21 |
| APPF Appfolio Inc. Class A | Add +298.6% | 0.24% | +0.20 |
| PENN Penn Entertainment Inc. | New | 0.20% | +0.20 |
| LTC LTC Properties Inc. | New | 0.20% | +0.20 |
| FTAI Ftai Aviation Ltd. | Add +71.9% | 0.31% | +0.20 |
| ATKR Atkore Inc. | Add +439.2% | 0.23% | +0.20 |
| PLTR Palantir Technologies Inc. Class A | New | 0.20% | +0.20 |
| NBR Nabors Industries Ltd. | New | 0.19% | +0.19 |
| TMHC Taylor Morrison Home Corp. | Add +388.4% | 0.23% | +0.19 |
| TPH Tri Pointe Homes Inc. | Add +277.7% | 0.24% | +0.19 |
| COHR Coherent Corp. | New | 0.18% | +0.18 |
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 |