DARK FOREST CAPITAL MANAGEMENT LP

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
931
Total value ($000)
$2,191,254
Net value change ($000)
-466,880 (-17.6%)
New positions
320
Sold out positions
500
Turnover %
67.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/17/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
EEM 25,112 497.5%
TOST 12,157 450.9%
GOOGL 8,072 NEW
VICI 8,031 NEW
NEE 7,974 1121.5%
PFSI 7,832 247.7%
CVX 7,812 108.8%
WTM 7,512 NEW
LAZ 7,493 766.9%
SITE 7,278 NEW
Top Reduces (Value $000, Stocks/ETFs)
BAH -15,023 -100.0%
GS -14,721 -100.0%
EWZ -14,415 -65.4%
VWO -12,878 -75.7%
INDA -12,867 -76.2%
L -12,739 -57.4%
XBI -10,621 -100.0%
OLED -10,505 -100.0%
TIP -10,204 -100.0%
NFLX -9,964 -95.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type