Dark Forest Capital Management LP Makes New Investment in Fifth Third Bancorp (NASDAQ:FITB)

Dark Forest Capital Management LP is a private equity firm that specializes in investing in companies in the technology and healthcare sectors. The company was founded in 2014 by former Blackstone Group executives and has since raised over $3 billion in capital commitments.

Fifth Third Bancorp NASDAQFITB is a regional bank headquartered in Cincinnati, Ohio. The bank operates in 10 states across the United States and provides a range of financial services, including commercial banking, consumer banking, and wealth management.

According to its most recent Form 13F filing with the Securities and Exchange Commission, Dark Forest Capital Management LP acquired a new position in shares of Fifth Third Bancorp NASDAQFITB in the 3rd quarter. The fund acquired 9,766 shares of the financial services provider's stock, valued at approximately $247,000.

It is not clear from the given information whether this investment represents a new position for Dark Forest Capital Management LP or if it is an extension of an existing position. Additionally, it is not known what specific factors led the firm to make this investment in Fifth Third Bancorp NASDAQFITB.