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Livermore
Livermore
ZHEN

Dark Forest Capital Management LP

SEC CIK
0001853322
Latest filing
Aug 14, 2026

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Feb 13, 2023. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
1,103
−105 vs. Q3 2022
Portfolio value
$406.7M
−$149.5M (−26.9%) vs. Q3 2022
Filed
Feb 13, 2023
SEC
Holdings of Dark Forest Capital Management LP in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
CVIIChurchill Capital Corp VIICOM CL A1,305,581$13.0M3.2%+25,000+2.0%AddedHistory
Quantum Fintech Acquistin Co74767A105COMMON STOCK984,612$9.90M2.4%00.0%Unchanged–
Mason Industrial Technolgy I57520Y106COM CL A988,339$9.88M2.4%00.0%Unchanged–
FSNBFusion Acquisition Corp. IICOM CL A851,456$8.55M2.1%+423,308+98.9%AddedHistory
Churchill Capital Corp V17144T107COM CL A846,170$8.41M2.1%00.0%Unchanged–
Emerging Markets Horizon CorG3033X105CLASS A ORD SHS701,207$7.19M1.8%00.0%Unchanged–
HHLAHH&L Acquisition Co.SHS CL A680,372$6.88M1.7%00.0%UnchangedHistory
CCVIChurchill Capital Corp VICOM CL A658,810$6.58M1.6%+220,589+50.3%AddedHistory
SOCSable Offshore Corp.COM CL A628,753$6.32M1.6%+17,524+2.9%AddedHistory
NSTCNorthern Star Investment Corp. IIICOM CL A623,530$6.27M1.5%+601,423+2,720.5%AddedHistory
DGNUDragoneer Growth Opportunities Corp. IIICL A SHS621,539$6.13M1.5%+14,561+2.4%AddedHistory
CNGLCanna-Global Acquisition CorpCLASS A COM543,436$5.58M1.4%00.0%UnchangedHistory
Khosla Ventures Acquisition482504107CL A558,439$5.57M1.4%+310,009+124.8%Added–
TTCToro CoCOM47,868$5.42M1.3%+47,868NewHistory
Khosla Ventures Acqut Co III482506102COM CL A538,638$5.36M1.3%+347,538+181.9%Added–
JMACMaxpro Capital Acquisition Corp.CLASS A COM508,128$5.26M1.3%00.0%UnchangedHistory
ACMAecomCOM60,716$5.16M1.3%+60,716NewHistory
Twelve Seas Investment Co. II90118T106COM CL A507,382$5.10M1.3%+425,574+520.2%Added–
PICCPivotal Investment Corp IIICOM CL A484,842$4.91M1.2%+414,729+591.5%AddedHistory
NSTDNorthern Star Investment Corp. IVCOM CL A485,935$4.88M1.2%+461,715+1,906.3%AddedHistory
RSReliance, Inc.COM23,668$4.79M1.2%+19,019+409.1%AddedHistory
MDH Acquisition Corp55283P106COM CL A461,738$4.64M1.1%+443,175+2,387.4%Added–
PEBPebblebrook Hotel TrustCOM328,009$4.39M1.1%+282,468+620.2%AddedHistory
FSRXFinserv Acquisition Corp. IICOM CL A428,849$4.31M1.1%+382,296+821.2%AddedHistory
First Reserve Sustainable GW336169107CLASS A COM392,900$3.95M1.0%+171,560+77.5%Added–
GGGGraco IncCOM56,523$3.80M0.9%+56,523NewHistory
IGTAInception Growth Acquisition LtdCOMMON STOCK363,976$3.69M0.9%+10,400+2.9%AddedHistory
AEONAEON Biopharma, Inc.CL A363,650$3.65M0.9%+302,495+494.6%AddedHistory
TriSalus Life Sciences, Inc.58507N105COM CL A348,547$3.50M0.9%00.0%Unchanged–
Live Oak Mobility Acquisi Co538126103COM CL A334,842$3.37M0.8%+334,842New–
FEXDFintech Ecosystem Development Corp.CLASS A COM312,350$3.20M0.8%00.0%UnchangedHistory
UTHRUnited Therapeutics CorpCOM11,431$3.18M0.8%+11,407+47,529.2%AddedHistory
Sustainable Develp Acqu I Co86934L103COM CL A310,845$3.13M0.8%+3,864+1.3%Added–
AXONAxon Enterprise, Inc.COM17,552$2.91M0.7%+17,527+70,108.0%AddedHistory
HZNPHorizon Therapeutics Public Ltd CoSHS24,979$2.84M0.7%+24,979NewHistory
SGIISeaport Global Acquisition II Corp.CLASS A COM265,876$2.71M0.7%+237,425+834.5%AddedHistory
Envoy Medical, Inc.03737A101COM CL A261,884$2.62M0.6%+246,045+1,553.4%Added–
Government Taxadvantage825252505Stock2,579,260$2.58M0.6%+2,579,260New–
KSIKadem Sustainable Impact CorpCLASS A COM255,787$2.57M0.6%+146,621+134.3%AddedHistory
ROSSBPGC Acquisition Corp.SHS CL A250,551$2.54M0.6%+250,551NewHistory
Vision Sensing Acquisition C92838J103CLASS A COM246,187$2.53M0.6%00.0%Unchanged–
SAMASchultze Special Purpose Acquisition Corp. IICLASS A COM241,618$2.44M0.6%+239,222+9,984.2%AddedHistory
TRISTristar Acquisition I Corp.CL A ORD SHS236,151$2.39M0.6%00.0%UnchangedHistory
Goal Acquisitions Corp38021H107COM236,301$2.38M0.6%+85,987+57.2%Added–
Deep Lake Capital Acqustn CoG27029100CL A SHS233,478$2.36M0.6%+9,619+4.3%Added–
KMTKennametal IncCOM95,815$2.31M0.6%−70,059−42.2%ReducedHistory
MCAFMountain Crest Acquisition Corp. IVCOM227,714$2.30M0.6%00.0%UnchangedHistory
Pine Technology Acquisitn Co722850104CLASS A COM226,552$2.27M0.6%+226,552New–
Accretion Acquisition Corp00438Y107COM221,617$2.23M0.5%00.0%Unchanged–
African Gold Acquisition CorG0112R108SHS CL A218,863$2.20M0.5%+8,268+3.9%Added–
APGBApollo Strategic Growth Capital IISHS CL A214,701$2.15M0.5%+7,467+3.6%AddedHistory
SCAQStratim Cloud Acquisition Corp.CLASS A COM214,284$2.14M0.5%+214,284NewHistory
IQMDIntelligent Medicine Acquisition Corp.CLASS A COM207,060$2.13M0.5%+207,060NewHistory
ALSAFAlpha Star Acquisition CorpORDINARY SHARES205,970$2.11M0.5%00.0%UnchangedHistory
Verde Clean Fuels, Inc.15130M102CLASS A ORD SHS231,925$2.11M0.5%00.0%Unchanged–
iShares Tips Bond ETF464287176ETF19,049$2.03M0.5%−76,200−80.0%Reduced–
NENoble Corp plcORD SHS A53,349$2.01M0.5%00.0%UnchangedHistory
Macondray Cap Acquisitn CorpG5853A107CLASS A ORD SHS194,435$1.98M0.5%00.0%Unchanged–
Tech and Energy Transition87823R102CLASS A COM196,786$1.97M0.5%+159,455+427.1%Added–
Avalon Acquisition Inc05338E101CLASS A COM191,186$1.96M0.5%00.0%Unchanged–
JWACJupiter Wellness Acquisition Corp.CLASS A COM177,682$1.86M0.5%00.0%UnchangedHistory
Noble Rock Acquisition CorpG6546R101CL A SHS181,675$1.83M0.5%00.0%Unchanged–
SWSSClean Energy Special Situations Corp.COM179,915$1.82M0.4%+135,800+307.8%AddedHistory
Northview Acquisition Corp66718N103COM178,258$1.81M0.4%00.0%Unchanged–
Prime Impact Acquisition IG61074103SHS CL A170,698$1.75M0.4%00.0%Unchanged–
UHGUnited Homes Group, Inc.CL A172,570$1.73M0.4%+95,000+122.5%AddedHistory
Kensington Capital AcquisitiG5251K103SHS CL A165,204$1.68M0.4%00.0%Unchanged–
Colombier Acquisition Corp19533H108CL A168,550$1.68M0.4%+5,779+3.6%Added–
MBACM3-Brigade Acquisition II Corp.COM CL A166,066$1.66M0.4%+166,066NewHistory
SRPTSarepta Therapeutics, Inc.COM12,606$1.63M0.4%+11,736+1,349.0%AddedHistory
SEPASEP Acquisition Corp.CLASS A COM156,121$1.55M0.4%−23,077−12.9%ReducedHistory
KIIIKismet Acquisition Three Corp.CL A SHARES152,455$1.53M0.4%+8,360+5.8%AddedHistory
Ftac Parnassus Acquisitn Cor30319B108CLASS A COM151,821$1.52M0.4%+151,821New–
FTIIFutureTech II Acquisition Corp.CLASS A COM147,429$1.51M0.4%+147,429NewHistory
BXBlackstone Inc.COM20,172$1.50M0.4%+9,663+91.9%AddedHistory
AVHIAchari Ventures Holdings Corp. ICOM139,702$1.43M0.4%+6,592+5.0%AddedHistory
Banner Acquisition Corp.06654K101CLASS A COM140,565$1.42M0.3%+13,613+10.7%Added–
ACAHAtlantic Coastal Acquisition Corp.CLASS A COM139,047$1.39M0.3%+139,047NewHistory
MGIMoneygram International IncCOM NEW120,610$1.31M0.3%+120,610NewHistory
DNZD & Z Media Acquisition Corp.COM CL A131,204$1.31M0.3%+9,009+7.4%AddedHistory
SITMSITIME CorpCOM12,887$1.31M0.3%−18,917−59.5%ReducedHistory
JBLUJetBlue Airways CorpCOM199,968$1.30M0.3%+199,967+19,996,700.0%AddedHistory
KAIRKairos Acquisition Corp.CL A SHS127,896$1.29M0.3%00.0%UnchangedHistory
SUISun Communities IncCOM8,698$1.24M0.3%−9,681−52.7%ReducedHistory
Epiphany Technology Acquisit29429X109COM CL A121,376$1.21M0.3%−59,938−33.1%Reduced–
HBIHanesbrands Inc.COM186,185$1.18M0.3%+184,800+13,343.0%AddedHistory
MACAMoringa Acquisition CorpCL A SHS115,451$1.16M0.3%00.0%UnchangedHistory
VRRMVerra Mobility CorpCL A COM STK82,085$1.14M0.3%−3,750−4.4%ReducedHistory
SCMASeaport Calibre Materials Acquisition Corp.CLASS A COM110,565$1.13M0.3%+42,081+61.4%AddedHistory
GMFIAetherium Acquisition CorpCLASS A COM111,075$1.13M0.3%+30,015+37.0%AddedHistory
SCIService Corp InternationalCOM16,310$1.13M0.3%+16,261+33,185.7%AddedHistory
INTEIntegral Acquisition Corp 1CLASS A COM111,452$1.13M0.3%+111,452NewHistory
CBRLCracker Barrel Old Country Store, IncCOM11,813$1.12M0.3%+10,698+959.5%AddedHistory
NOGNorthern Oil & Gas, Inc.COM36,101$1.11M0.3%−22,644−38.5%ReducedHistory
TPG Pace Beneficial II CorpG89826104COMMON STOCK110,091$1.08M0.3%+14,379+15.0%Added–
VMG Consumer Acquisition Cor91842V102CLASS A COM101,061$1.03M0.3%+101,061New–
TGVCTG Venture Acquisition Corp.CLASS A COM100,282$1.02M0.3%+8,294+9.0%AddedHistory
JWSMFJaws Mustang Acquisition CorpSHS CL A100,000$1.01M0.2%+100,000NewHistory
Roadzen Inc.G9320Z109CLASS A ORD96,064$983.7K0.2%00.0%Unchanged–
VALValaris LtdCL A14,528$982.4K0.2%+11,478+376.3%AddedHistory

Sold out since Q3 2022 (620)

Positions held at the end of Q3 2022 that are gone from this filing.

The largest 100 of 620 by value last quarter.

Positions of Dark Forest Capital Management LP sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
Executive Network Partnering30158L100CL A2,390,141$23.9M4.3%–
Austerlitz Acquisition CorpG0633U101COM CL A1,141,815$11.2M2.0%–
Senior Connect Acquisitn Cor81723H108COM CL A772,535$7.68M1.4%–
Austerlitz Acquisition CorpG0633D109SHS CL A709,376$6.96M1.3%–
TCW Special Purpose Acqu Cor87301L106COM CL A645,221$6.33M1.1%–
BFHBread Financial Holdings, Inc.COM197,325$6.21M1.1%History
G&P Acquisition Corp36146G103COM CL A566,766$5.66M1.0%–
Golden Falcon Acquisition Co38102H109CL A419,708$4.18M0.8%–
Class Acceleration Corp18274B106COM396,474$3.92M0.7%–
NXSTNexstar Media Group, Inc.COMMON STOCK22,399$3.74M0.7%History
Industrial Human Capital, Inc.45617P104COM345,059$3.50M0.6%–
Sagaliam Acquisition Corp78661R106COM CL A337,759$3.37M0.6%–
Healthcare Services Acqu Cor42227K104COM CL A332,170$3.30M0.6%–
7GC & Co Holdings Inc81786A107COM CL A315,268$3.13M0.6%–
Aequi Acquisition Corp00775W102COM CL A301,106$3.00M0.5%–
OVVOvintiv Inc.COM61,994$2.85M0.5%History
NUSNu Skin Enterprises, Inc.CL A84,181$2.81M0.5%History
MLKNMillerknoll, Inc.COM167,874$2.62M0.5%History
Crucible Acquisition Corp22877P108COM CL A249,011$2.48M0.4%–
FXCOFinancial Strategies Acquisition Corp.CLASS A COM246,392$2.47M0.4%History
Oyster Enterprises Acq Corp69242M104COM CL A245,752$2.43M0.4%–
ARESAres Management CorpCL A COM STK37,102$2.30M0.4%History
Liberty Media Acquisition Corp53073L104COM SR A222,447$2.21M0.4%–
Sanaby Health Acquisition Co79956P102CL A COM204,481$2.07M0.4%–
IRAAIris Acquisition CorpCLASS A COM194,597$1.91M0.3%History
Bridgetown Holdings LtdG1355U113COM CL A189,544$1.90M0.3%–
Joff Fintech Acquisition Cor46592C100COM CL A189,744$1.87M0.3%–
Athlon Acquisition Corp04748A106COM CL A187,936$1.85M0.3%–
ASAXAstrea Acquisition Corp.COM CL A181,082$1.78M0.3%History
Vectoiq Acquisition Corp II92244F109COM CL A180,208$1.78M0.3%–
Altimeter Growth Corp 2G0371B109COM CL A176,837$1.75M0.3%–
Health Assurn Acquisition Co42226W109COM CL A173,030$1.73M0.3%–
Lefteris Acquisition Corp52470X109COM CL A170,624$1.71M0.3%–
Hennessy Capital Invs Corp V42589T107COM CL A171,635$1.69M0.3%–
NXHNeighborhood Intelligence, Inc.COM69,167$1.69M0.3%History
Lakeshore Acquisition I Corp.G53521103ORDINARY SHARES164,263$1.66M0.3%–
WOWWideOpenWest, Inc.COM132,322$1.62M0.3%History
Mission Advancement Corp60501L101CL A164,235$1.61M0.3%–
Compute Health Acquisitin Co204833107COM CL A160,718$1.58M0.3%–
FRGFranchise Group, Inc.COM64,581$1.57M0.3%History
Glass Houses Acquisition Cor37714P103CLASS A COM158,459$1.56M0.3%–
PLYAPlaya Hotels & Resorts N.V.SHS265,076$1.54M0.3%History
Fortistar Sustainable Sol Co34962M106COM CL A154,844$1.53M0.3%–
Clarim Acquisition Corp18049C108COM CL A150,351$1.48M0.3%–
NOACNatural Order Acquisition Corp.COM145,801$1.46M0.3%History
One Equity Partners Open WTR68237L105CL A147,395$1.46M0.3%–
Nightdragon Acquisition Corp65413D105CLASS A COM143,880$1.41M0.3%–
EXEExpand Energy CorpCOM14,456$1.36M0.2%History
Empowerment & Inclusion Capi29248N100COM CL A137,507$1.36M0.2%–
DARDarling Ingredients Inc.COM20,501$1.36M0.2%History
Progress Acquisition Corp.74327P105COM CL A132,243$1.32M0.2%–
Marblegate Acquisition Corp.56608A105COM CL A131,203$1.30M0.2%–
EACEdify Acquisition Corp.CL A131,699$1.30M0.2%History
BHVNBiohaven Ltd.COM8,537$1.29M0.2%History
SMTCSemtech CorpStock43,143$1.27M0.2%History
FSLRFirst Solar, Inc.Stock9,588$1.27M0.2%History
SCP & Co Healthcare Acqustn784065104COM CL A126,280$1.25M0.2%–
Atlantic Ave Acquisition Cor04906P101COM CL A123,800$1.24M0.2%–
Vy Global GrowthG9444H100COM CL A123,134$1.24M0.2%–
WINVWinVest Acquisition Corp.COMMON STOCK123,179$1.24M0.2%History
Carney Technology Acqu Corp143636108CL A COMMON STK122,775$1.22M0.2%–
Broadscale Acquisition Corp11134Y101COM CL A116,797$1.15M0.2%–
ELIQElectriq Power Holdings, Inc.COM CL A110,004$1.08M0.2%History
Monument Circle Acquisitn Co61531M101COM CL A106,258$1.05M0.2%–
Highland Transcend PartnersG44690108COM CL A100,337$1.00M0.2%–
KKR Acquisition Holding I Co48253T109COM CLASS A100,000$984.0K0.2%–
GWIIGood Works II Acquisition Corp.COMMON STOCK94,595$947.0K0.2%History
KL Acquisition Corp49837C109COM CL A94,163$932.0K0.2%–
Bright Lights Acquisition Co10920K101COM CL A90,820$900.0K0.2%–
HumanCo Acquisition Corp.44487N109COM CL A86,227$857.0K0.2%–
MTRYMonterey Innovation Acquisition CorpCOM80,363$812.0K0.1%History
HCIIHudson Executive Investment Corp. IICOM CL A80,305$792.0K0.1%History
Eq Health Acquisition Corp26886A101COM CL A77,531$766.0K0.1%–
Sierra Lake Acquisition Corp.826332108CLASS A COM75,405$754.0K0.1%–
BURLBurlington Stores, Inc.COM6,534$731.0K0.1%History
AGTIAgiliti, Inc.COM48,697$697.0K0.1%History
Z-Work Acquisition Corp98880C102COM CL A69,411$684.0K0.1%–
SMARSmartsheet IncCOM CL A18,652$641.0K0.1%History
OLNOLIN CorpStock14,317$614.0K0.1%History
Af Acquisition Corp001040104CLASS A COM60,818$596.0K0.1%–
ALECAlector, Inc.COM62,368$590.0K0.1%History
Syntec Optics Holdings, Inc.68218C108CLASS A COM58,364$587.0K0.1%–
ANSSAnsys IncCOM2,604$577.0K0.1%History
Proptech Investment Corp II743497109COM CL A56,604$563.0K0.1%–
Lux Health Tech Acquisition55068A100COM CL A54,870$550.0K0.1%–
Oxbridge Acquisition CorpG6855L109COM CL A52,916$534.0K0.1%–
TBCPThunder Bridge Capital Partners III Inc.COM CL A52,003$513.0K0.1%History
Evo Acquisition Corp30052G108COM CL A52,010$513.0K0.1%–
Insu Acquisition Corp III457817104COM CL A51,522$512.0K0.1%–
RGENRepligen CorpCOM2,663$498.0K0.1%History
Ignyte Acquisition Corp45175H106COM49,247$492.0K0.1%–
DISWalt Disney CoStock5,181$489.0K0.1%History
ADBEAdobe Inc.Stock1,735$477.0K0.1%History
BRSPBrightSpire Capital, Inc.COM CL A74,883$473.0K0.1%History
Pine Is Acquisition Corp722615101CL A47,177$471.0K0.1%–
Bite Acquisition Corp.09175K105COMMON STOCK47,298$465.0K0.1%–
METAMeta Platforms, Inc.Stock3,374$458.0K0.1%History
ESIElement Solutions IncCOM28,143$458.0K0.1%History
CBTCabot CorpCOM7,105$454.0K0.1%History
TYLTyler Technologies IncCOM1,293$449.0K0.1%History