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Dark Forest Capital Management LP
Jacob Kline · Hedge Fund · Quant/Systematic
Dark Forest Capital Management LP is a technology-driven investment firm headquartered in New York City, founded in 2020. The firm specializes in systematic and quantitative trading strategies across global equity markets, utilizing a cloud-native infrastructure and proprietary machine learning technology to identify and exploit market inefficiencies. Led by industry veterans with experience at firms such as WorldQuant and Citadel, the institution manages multi-billion dollar assets through market-neutral, long-short equity strategies that integrate massive datasets and advanced statistical modeling.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +46.8% |
| YTD return | +24.4% |
| Sharpe ratio | 3.35 |
| Win rate | 50% |
| AUM | $0.2B |
| Inception | Oct 1, 2025 |
| Updated | Sep 16, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.2B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.darkforestcap.com |
Current Holdings
Updated on Sep 16, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| SSNC | SS&C Technologies Holdings Inc | 8.1% | +8.4% |
| AXS | AXIS Capital Holdings Ltd | 6.7% | +0.7% |
| BRK-A | Berkshire Hathaway Inc | 6.3% | +2.8% |
| EOG | EOG Resources Inc | 5.7% | +0.7% |
| MU | Micron Technology Inc | 5.5% | +13.2% |
| LLY | Eli Lilly and Company | 5.4% | -2.6% |
| OWL | Blue Owl Capital Inc | 5.2% | -14.5% |
| MSFT | Microsoft Corporation | 4.8% | -4.9% |
| HUBS | HubSpot Inc | 4.7% | -3.8% |
| ITW | Illinois Tool Works Inc | 4.6% | -4.4% |
| DTE | DTE Energy Company | 4.6% | -3.4% |
| WEC | WEC Energy Group Inc | 4.6% | -2.4% |
| RPRX | Royalty Pharma Plc | 4.5% | -3.6% |
| IEX | IDEX Corporation | 4.4% | -4.1% |
| PAYX | Paychex Inc | 4.4% | -8.1% |
| VLO | Valero Energy Corporation | 4.3% | +8.6% |
| TRV | The Travelers Companies Inc | 4.2% | +2.5% |
| FITB | Fifth Third Bancorp | 4.1% | -3.5% |
| COR | Cencora Inc. | 4.0% | -0.3% |
| OMF | OneMain Holdings Inc | 4.0% | -4.1% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 14, 2026 | BUY | OWL | 5.6% → 5.2% |
| Sep 14, 2026 | SELL | BRK-A | 6.1% → 6.3% |
| Sep 14, 2026 | SELL | IEX | 4.4% → 4.4% |
| Sep 14, 2026 | SELL | OMF | 4.0% → 4.0% |
| Sep 14, 2026 | BUY | DTE | 4.5% → 4.6% |
Investment Style Analysis
Dark Forest Capital Management LP is widely recognized for employing a Quant/Systematic strategy. As of Sep 16, 2026, the firm oversees approximately $0.2B in assets under management (AUM). The portfolio demonstrates a clear preference for the Software - Application and Utilities - Regulated Electric sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 14, Dark Forest Capital Management LP made a significant move by increasing exposure to OWL. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The firm's philosophy is rooted in a systematic, data-centric approach that combines traditional statistical equity signals with non-linear machine learning models. Dark Forest aims to exploit market inefficiencies created by price-insensitive participants and the delayed absorption of macro information into individual stocks. Their cloud-native strategy emphasizes scalability and the removal of human bias through automated execution and rigorous risk management, focusing on continuous alpha generation through high-performance computing and rigorous scientific research.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Dark Forest Capital Management LP.
Similar Investment Style
Based on Quant/Systematic.
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Frequently asked questions
How is the simulated portfolio for Dark Forest Capital Management LP constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Dark Forest Capital Management LP's largest holding?
As of the latest filing, Dark Forest Capital Management LP's top position is SS&C Technologies Holdings Inc (SSNC), representing 8.1% of the portfolio. This reflects a high-conviction bet by the institution.
What is Dark Forest Capital Management LP's historical performance and risk profile?
Our simulation indicates a total return of +46.8% with a win rate of 50%. Notably, the portfolio maintains a Sharpe Ratio of 3.35, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Dark Forest Capital Management LP primarily invest in?
Dark Forest Capital Management LP has a strong preference for the Software - Application sector, which makes up 17.3% of their disclosed assets. The portfolio also has exposure to Utilities - Regulated Electric, indicating a specific thematic focus.
Is Dark Forest Capital Management LP's portfolio concentrated or diversified?
Dark Forest Capital Management LP runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 21.1% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Dark Forest Capital Management LP performed in 2026?
Our AI-simulated model portfolio for Dark Forest Capital Management LP tracks a Year-to-Date (YTD) return of +24.4%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Jacob Kline manage Dark Forest Capital Management LP directly?
Yes, Jacob Kline serves as the key portfolio manager for Dark Forest Capital Management LP, overseeing the investment strategy and final capital allocation decisions.