Dark Forest Capital Management LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Dark Forest Capital Management LP reported 937 stock positions worth $782.5 million. Its top holding was St Sr Utl SL SE SPDR ETF-Usd (XLU) at 2.9% of the portfolio, followed by Alphabet Class A (GOOGL, 2.1%) and Workday Class A (WDAY, 2.0%). Compared with Q2 2024, it opened 586 new positions, sold out of 285, added to 192 and reduced 152. The biggest buy was a new position in St Sr Utl SL SE SPDR ETF-Usd (XLU) and the biggest sale Alphabet Class A (GOOGL, shares −71%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001853322
Portfolio Value
$782.5M (Q3 2024)
SEC Filing
0001853322-24-000008 ↗ filed Nov 14, 2024

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $590.6M Q1 2024 Q2 2024: $546.2M Q2 2024 Q3 2024: $782.5M $782.5M Q3 2024 Q4 2024: $678.2M Q4 2024 Q1 2025: $2.2B Q1 2025 Q2 2025: $2.5B Q2 2025 Q3 2025: $2.7B Q3 2025 Q4 2025: $2.2B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 937 stocks · $782.5M
XLU St Sr Utl SL SE SPDR ETF-Usd 2.87% 278,046 $22.5M New
GOOGL Alphabet Inc. Class A 2.14% 100,990 $16.7M Reduce -70.6%
WDAY Workday Inc. Class A 1.98% 63,280 $15.5M Add +59.9%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 1.90% 135,625 $14.9M Add +241.2%
APO Apollo Global Management Inc. 1.71% 107,146 $13.4M Add +3.3%
CRH CRH PLC 1.67% 141,081 $13.1M New
FOUR SHIFT4 Payments Inc. Class A 0.95% 83,594 $7.4M New
MSFT Microsoft Corp. 0.90% 16,307 $7.0M Add +1001.8%
AAPL Apple Inc. 0.89% 29,724 $6.9M New
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.79% 77,103 $6.2M New
ENTG Entegris Inc. 0.75% 52,144 $5.9M New
LBRDK Liberty Broadband-C 0.73% 73,906 $5.7M Reduce -32.1%
DOCU Docusign Inc. 0.72% 90,886 $5.6M Add +21.5%
VWO Vanguard Ftse Emerging Marke 0.71% 116,511 $5.6M Add +6.3%
FTI Technipfmc PLC 0.70% 210,091 $5.5M Add +37.3%
GT Goodyear Tire & Rubber Co. 0.69% 614,178 $5.4M New
ACI Albertsons Cos Inc. Class A 0.66% 280,668 $5.2M Reduce -22.0%
AZTA Azenta Inc. 0.65% 104,537 $5.1M New
CRI Carter's Inc. 0.61% 73,521 $4.8M Add +66.9%
BKLN Invesco Senior Loan ETF 0.61% 226,212 $4.8M Reduce -7.9%
NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC 0.56% 52,156 $4.4M Add +241.2%
KAI Kadant Inc. 0.56% 12,869 $4.3M Add +189.4%
MWA Mueller Water Products Inc. Class A 0.55% 196,587 $4.3M Add +92.6%
NE Noble Corp. PLC 0.54% 116,545 $4.2M New
HYGH iShares Int Rate Hedg HY ETF 0.53% 48,319 $4.2M Add +4.4%
RPRX Royalty Pharma PLC Class A 0.52% 144,478 $4.1M Reduce -57.3%
AMZN Amazon.com Inc. 0.52% 21,695 $4.0M New
BNL Broadstone Net Lease Inc. 0.51% 211,746 $4.0M Add +226.9%
AGNC AGNC Investment Corp. 0.51% 379,929 $4.0M Add +62.0%
BFAM Bright Horizons Family Solut 0.51% 28,329 $4.0M New
BECN Beacon Roofing Supply Inc. 0.48% 43,889 $3.8M New
CCC CCC Intelligent Solutions Ho 0.47% 333,894 $3.7M New
HEI.A Heico Corp. Class A 0.47% 18,000 $3.7M No change
ATMU Atmus Filtration Technologie 0.47% 97,349 $3.7M Add +134.1%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.44% 21,530 $3.4M Add +110.4%
OKTA Okta Inc. 0.42% 44,131 $3.3M New
VCTR Victory Capital Holding - A 0.42% 58,835 $3.3M Add +64.1%
OMF Onemain Holdings Inc. 0.41% 68,786 $3.2M New
ALSN Allison Transmission Holding 0.41% 33,311 $3.2M New
TNET Trinet Group Inc. 0.40% 32,647 $3.2M Add +177.9%
CBZ Cbiz Inc. 0.38% 44,757 $3.0M Add +137.7%
STRL Sterling Infrastructure Inc. 0.36% 19,309 $2.8M Add +124.5%
BSY Bentley Systems Inc. Class B 0.35% 54,569 $2.8M Reduce -48.4%
META Meta Platforms Inc. Class A 0.35% 4,729 $2.7M New
RITM Rithm Capital Corp. 0.35% 238,158 $2.7M Add +452.0%
RHP Ryman Hospitality Properties 0.34% 25,061 $2.7M Add +601.6%
CAVA Cava Group Inc. 0.34% 21,637 $2.7M Add +101.3%
CMC Commercial Metals Co. 0.34% 47,795 $2.6M Add +95.8%
ALTM Arcadium Lithium PLC 0.33% 915,507 $2.6M Add +5149.5%
VXUS Vanguard Total Intl Stock 0.33% 39,469 $2.6M Reduce -3.5%
SKY Champion Homes Inc. 0.33% 26,816 $2.5M Add +262.3%
FIBK First Interstate Bancsys-A 0.32% 82,411 $2.5M Add +71.1%
LPLA LPL Financial Holdings Inc. 0.32% 10,837 $2.5M New
JPM JPMorgan Chase & Co. 0.31% 11,617 $2.4M Add +201.4%
FTAI Ftai Aviation Ltd. 0.31% 18,313 $2.4M Reduce -6.4%
ICFI Icf International Inc. 0.31% 14,325 $2.4M Add +82.1%
BRK.B Berkshire Hathaway Inc. Class B 0.30% 5,176 $2.4M Add +413.5%
HL Hecla Mining Co. 0.30% 355,363 $2.4M Add +315.3%
GOLF Acushnet Holdings Corp. 0.30% 36,744 $2.3M Add +314.8%
ACLX Arcellx Inc. 0.29% 27,603 $2.3M New
SEIC Sei Investments Company 0.29% 33,226 $2.3M New
ROAD Construction Partners Inc. Class A 0.29% 32,559 $2.3M Add +89.0%
AVGO Broadcom Inc. 0.29% 13,084 $2.3M Add +333.3%
KNX Knight-Swift Transportation 0.29% 41,651 $2.2M Add +908.3%
PFSI Pennymac Financial Services 0.29% 19,660 $2.2M Add +190.8%
ESGR Enstar Group Ltd. 0.29% 6,950 $2.2M Add +141.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.28% 5,786 $2.2M Reduce -9.8%
EBC Eastern Bankshares Inc. 0.28% 135,446 $2.2M Add +385.7%
XHB SS SPDR S&P Homebldrs ETF 0.28% 17,822 $2.2M Reduce -15.7%
SGRY Surgery Partners Inc. 0.28% 68,394 $2.2M Add +64.7%
NUE Nucor Corp. 0.28% 14,645 $2.2M Add +78.5%
BROS Dutch Bros Inc. Class A 0.28% 68,614 $2.2M Add +423.8%
WYNN WYNN Resorts Ltd. 0.28% 22,490 $2.2M New
HIMS Hims & Hers Health Inc. 0.27% 115,847 $2.1M New
GOOG Alphabet Inc. Class C 0.27% 12,689 $2.1M New
HUN Huntsman Corp. 0.27% 87,472 $2.1M New
RIG Transocean Ltd. 0.27% 495,527 $2.1M New
PRIM Primoris Services Corp. 0.27% 35,972 $2.1M Add +3.7%
HSIC Henry Schein Inc. 0.27% 28,576 $2.1M New
LAZ Lazard Inc. 0.26% 41,079 $2.1M Add +94.5%
VGK Vanguard Ftse Europe ETF 0.26% 28,374 $2.0M Add +4.7%
HHH Howard Hughes Holdings Inc. 0.26% 25,834 $2.0M New
KTOS Kratos Defense & Security 0.25% 85,027 $2.0M Add +554.6%
AXONICS INC 0.25% 28,098 $2.0M Add +89.1%
AHR American Healthcare REIT Inc. 0.25% 74,054 $1.9M New
PEGA Pegasystems Inc. 0.25% 26,441 $1.9M New
TTC Toro Co. 0.25% 22,214 $1.9M Add +260.0%
BILL Bill Holdings Inc. 0.25% 36,365 $1.9M Add +137.8%
TSLA Tesla Inc. 0.24% 7,276 $1.9M New
ATKR Atkore Inc. 0.23% 21,659 $1.8M Add +121.9%
ARWR Arrowhead Pharmaceuticals Inc. 0.23% 94,545 $1.8M New
PNW Pinnacle West Capital 0.23% 20,506 $1.8M New
MBB iShares MBS ETF 0.23% 18,631 $1.8M Add +57.4%
DAY Dayforce Inc. 0.22% 28,730 $1.8M Add +172.5%
LLY Eli Lilly & Co. 0.22% 1,903 $1.7M Add +222.5%
MA Mastercard Inc. Class A 0.21% 3,335 $1.6M New
SOFI Sofi Technologies Inc. 0.21% 206,665 $1.6M New
BBWI Bath & Body Works Inc. 0.21% 50,403 $1.6M New
ESTC Elastic NV 0.20% 20,858 $1.6M Add +159.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.20% 40,293 $1.6M Add +131.1%

Show all 937 holdings

Portfolio Sells Q2 2024 → Q3 2024
GOOGL Alphabet Inc. Class A Reduce -70.6% 2.14% −9.31
PLTR Palantir Technologies Inc. Class A Reduce -99.1% 0.03% −3.07
AVTR Avantor Inc. Sold out 0.00% −1.84
TGNA Tegna Inc. Sold out 0.00% −1.21
SSNC Ss&c Technologies Holdings Sold out 0.00% −1.11
RPRX Royalty Pharma PLC Class A Reduce -57.3% 0.52% −1.11
BOXX Alpha Architect 1-3 MNTH Box Sold out 0.00% −1.06
MP MP Materials Corp. Sold out 0.00% −0.86
ADNT Adient PLC Sold out 0.00% −0.67
QDEL Quidelortho Corp. Sold out 0.00% −0.64
ACI Albertsons Cos Inc. Class A Reduce -22.0% 0.66% −0.64
HELE Helen of Troy Ltd. Sold out 0.00% −0.61
BSY Bentley Systems Inc. Class B Reduce -48.4% 0.35% −0.60
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.60
SPB Spectrum Brands Holdings Inc. Sold out 0.00% −0.54
WSC Willscot Holdings Corp. Sold out 0.00% −0.48
YOU Clear Secure Inc. Class A Sold out 0.00% −0.42
INSW International Seaways Inc. Sold out 0.00% −0.41
PTGX Protagonist Therapeutics Inc. Sold out 0.00% −0.39
ZM Zoom Communications Inc. Sold out 0.00% −0.37
LBRDK Liberty Broadband-C Reduce -32.1% 0.73% −0.36
GPOR Gulfport Energy Corp. Sold out 0.00% −0.35
GTES Gates Industrial Corp. UK Ltd. Sold out 0.00% −0.35
BKLN Invesco Senior Loan ETF Reduce -7.9% 0.61% −0.34
DGX Quest Diagnostics Inc. Reduce -88.0% 0.03% −0.31
KOS Kosmos Energy Ltd. Sold out 0.00% −0.28
PGNY Progyny Inc. Sold out 0.00% −0.28
JNK SS SPDR BB High Yield Bond Reduce -43.4% 0.19% −0.28
VRNT Verint Systems Inc. Sold out 0.00% −0.27
ACMR Acm Research Inc. Class A Sold out 0.00% −0.27
LITE Lumentum Holdings Inc. Sold out 0.00% −0.26
CNH CNH Industrial NV Sold out 0.00% −0.26
MNKD Mannkind Corp. Reduce -92.6% 0.02% −0.25
CIFR Cipher Digital Inc. Sold out 0.00% −0.24
SEMR Semrush Holdings Inc. Class A Reduce -84.4% 0.03% −0.23
CSW CSW Industrials Inc. Sold out 0.00% −0.23
NSSC Napco Security Technologies Reduce -70.7% 0.04% −0.22
ZWS Zurn Elkay Water Solutions C Sold out 0.00% −0.22
SWI Solarwinds Corp. Sold out 0.00% −0.21
IGHG Proshares Ig Hedged Reduce -36.6% 0.16% −0.20
PSN Parsons Corp. Sold out 0.00% −0.20
PI Impinj Inc. Reduce -86.2% 0.03% −0.20
VITL Vital Farms Inc. Reduce -78.1% 0.03% −0.20
DKS Dick's Sporting Goods Inc. Reduce -68.9% 0.05% −0.20
MDXG Mimedx Group Inc. Sold out 0.00% −0.19
CRS Carpenter Technology Sold out 0.00% −0.19
SUI Sun Communities Inc. Reduce -61.3% 0.08% −0.19
HE Hawaiian Electric Inds Sold out 0.00% −0.19
MGRC McGrath Rentcorp Sold out 0.00% −0.19
TCBI Texas Capital Bancshares Inc. Sold out 0.00% −0.19

Portfolio Buys Q2 2024 → Q3 2024
XLU St Sr Utl SL SE SPDR ETF-Usd New 2.87% +2.87
CRH CRH PLC New 1.67% +1.67
TTD Trade Desk Inc./the Class A Add +241.2% 1.90% +1.19
FOUR SHIFT4 Payments Inc. Class A New 0.95% +0.95
AAPL Apple Inc. New 0.89% +0.89
HYG Ishr Ibx Usd Hiyld CB ETF-Ui New 0.79% +0.79
MSFT Microsoft Corp. Add +1001.8% 0.90% +0.78
ENTG Entegris Inc. New 0.75% +0.75
GT Goodyear Tire & Rubber Co. New 0.69% +0.69
AZTA Azenta Inc. New 0.65% +0.65
NE Noble Corp. PLC New 0.54% +0.54
AMZN Amazon.com Inc. New 0.52% +0.52
BFAM Bright Horizons Family Solut New 0.51% +0.51
BECN Beacon Roofing Supply Inc. New 0.48% +0.48
CCC CCC Intelligent Solutions Ho New 0.47% +0.47
OKTA Okta Inc. New 0.42% +0.42
OMF Onemain Holdings Inc. New 0.41% +0.41
ALSN Allison Transmission Holding New 0.41% +0.41
NHI Natl Health Investors Inc. Add +241.2% 0.56% +0.37
WDAY Workday Inc. Class A Add +59.9% 1.98% +0.36
META Meta Platforms Inc. Class A New 0.35% +0.35
BNL Broadstone Net Lease Inc. Add +226.9% 0.51% +0.32
ALTM Arcadium Lithium PLC Add +5149.5% 0.33% +0.32
LPLA LPL Financial Holdings Inc. New 0.32% +0.32
KAI Kadant Inc. Add +189.4% 0.56% +0.32
ACLX Arcellx Inc. New 0.29% +0.29
SEIC Sei Investments Company New 0.29% +0.29
RHP Ryman Hospitality Properties Add +601.6% 0.34% +0.28
WYNN WYNN Resorts Ltd. New 0.28% +0.28
HIMS Hims & Hers Health Inc. New 0.27% +0.27
GOOG Alphabet Inc. Class C New 0.27% +0.27
HUN Huntsman Corp. New 0.27% +0.27
RIG Transocean Ltd. New 0.27% +0.27
HSIC Henry Schein Inc. New 0.27% +0.27
RITM Rithm Capital Corp. Add +452.0% 0.35% +0.26
HHH Howard Hughes Holdings Inc. New 0.26% +0.26
KNX Knight-Swift Transportation Add +908.3% 0.29% +0.25
ATMU Atmus Filtration Technologie Add +134.1% 0.47% +0.25
AHR American Healthcare REIT Inc. New 0.25% +0.25
PEGA Pegasystems Inc. New 0.25% +0.25
TSLA Tesla Inc. New 0.24% +0.24
ARWR Arrowhead Pharmaceuticals Inc. New 0.23% +0.23
SKY Champion Homes Inc. Add +262.3% 0.33% +0.23
PNW Pinnacle West Capital New 0.23% +0.23
BRK.B Berkshire Hathaway Inc. Class B Add +413.5% 0.30% +0.23
HL Hecla Mining Co. Add +315.3% 0.30% +0.23
EBC Eastern Bankshares Inc. Add +385.7% 0.28% +0.21
MA Mastercard Inc. Class A New 0.21% +0.21
MWA Mueller Water Products Inc. Class A Add +92.6% 0.55% +0.21
SOFI Sofi Technologies Inc. New 0.21% +0.21

Notes & Other Activity Q2 2024 → Q3 2024
SLNWF Selina Hospitality PLC-27 *W EXP 10/27/202 Sold out 607,185 $9Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 777$1.5BINDA, AXS, MU, SSNC, BRK.B
Q1 2026 766$1.1BBPOP, AXS, CDE, ROKU, UNP
Q4 2025 931$2.2BEEM, WMT, AXS, CVX, TOST
Q3 2025Amended 1,110$2.7BL, EWZ, SPG, VWO, INDA
Q2 2025 1,133$2.5BLNG, MSFT, NVDA, PANW, SPG
Q1 2025 1,192$2.2BLNG, CRH, GOOGL, AMCR, AXS
Q4 2024 887$678.2MGOOGL, CRH, TTD, APP, HYG
Q3 2024 937$782.5MXLU, GOOGL, WDAY, TTD, APO
Q2 2024 636$546.2MGOOGL, PLTR, APO, AVTR, RPRX
Q1 2024 672$590.6MGOOGL, CRWD, KKR, ESTC, EDR