Funds › Pale Fire Capital SE
Pale Fire Capital SE
13F for Q3 2026, filed Nov 13, 2026. 55 positions worth $1.4B.Managers with more than $100 million in US-listed stocks list their holdings each quarter, within 45 days of quarter end. Long positions only: no short sales or cash.
Latest report
Q3 2026
filed Nov 13, 2026
Reported value
$1.4B
−$19.4M (1.4%) vs Q2 2026
Positions
55
71 in Q2 2026
Top 10 share
81.6%
of reported value
CheckedEach line's price per share is checked against other managers' reports of the same stock. Unit mix-ups are corrected. Reports no fix can rescue are left out.
Clean
prices match other managers' reports
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Holdings, Q3 2026
Largest first. Common shares only; puts and calls are under All positions.
| # | The fund's own figures at the end of the quarter. A report can be up to 45 days old when it is filed. Options and bonds are not counted here. | Filing | ||||
|---|---|---|---|---|---|---|
| 1 | BTG B2Gold Corp | 44.40M | $231.7M | 16.6% | -31.2% | 13F ↗ |
| 2 | GRPN Groupon, Inc. | 10.18M | $201.2M | 14.4% | Unchanged | 13F ↗ |
| 3 | COUR Coursera, Inc. | 28.81M | $142.9M | 10.2% | +41.0% | 13F ↗ |
| 4 | DOLE Dole plc | 9.43M | $119.8M | 8.6% | Unchanged | 13F ↗ |
| 5 | ZD Ziff Davis, Inc. | 2.03M | $115.1M | 8.3% | -23.7% | 13F ↗ |
| 6 | PHR Phreesia, Inc. | 8.92M | $92.2M | 6.6% | Unchanged | 13F ↗ |
| 7 | BABA Alibaba Group Holding Limited · ADR | 720,964 | $77.5M | 5.6% | +38.9% | 13F ↗ |
| 8 | LSPD Lightspeed Commerce Inc. | 6.65M | $65.0M | 4.7% | +15.3% | 13F ↗ |
| 9 | ORCL Oracle Corporation | 377,000 | $51.8M | 3.7% | +270% | 13F ↗ |
| 10 | CARS Cars.com Inc. | 4.01M | $41.2M | 3.0% | Unchanged | 13F ↗ |
| 11 | NU Nu Holdings Ltd. | 3.09M | $39.2M | 2.8% | +321% | 13F ↗ |
| 12 | PTON Peloton Interactive, Inc. | 6.65M | $33.2M | 2.4% | -13.9% | 13F ↗ |
| 13 | CMRC Commerce.com, Inc. | 7.28M | $23.0M | 1.6% | +138% | 13F ↗ |
| 14 | VIPS Vipshop Holdings Limited · ADR | 1.82M | $22.7M | 1.6% | New | 13F ↗ |
| 15 | ANGI Angi Inc. | 3.93M | $22.6M | 1.6% | Unchanged | 13F ↗ |
| 16 | IAUX i-80 Gold Corp. | 12.58M | $20.9M | 1.5% | -33.1% | 13F ↗ |
| 17 | TME Tencent Music Entertainment Group · ADR | 2.46M | $19.5M | 1.4% | +125% | 13F ↗ |
| 18 | MLYS Mineralys Therapeutics, Inc. | 614,284 | $15.4M | 1.1% | Unchanged | 13F ↗ |
| 19 | GAU Galiano Gold Inc. | 7.65M | $14.8M | 1.1% | +52.0% | 13F ↗ |
| 20 | CHWY Chewy, Inc. | 509,001 | $9.3M | 0.7% | New | 13F ↗ |
| 21 | GERN Geron Corporation | 5.08M | $6.3M | 0.4% | -4.2% | 13F ↗ |
| 22 | TRIP TripAdvisor, Inc. | 628,042 | $5.3M | 0.4% | New | 13F ↗ |
| 23 | DERM Journey Medical Corporation | 521,841 | $3.6M | 0.3% | -1.3% | 13F ↗ |
| 24 | ITRG Integra Resources Corp. | 1.35M | $3.5M | 0.2% | +28.4% | 13F ↗ |
| 25 | YELP Yelp Inc. | 181,582 | $3.4M | 0.2% | New | 13F ↗ |
| 26 | Fractyl Health Inc | 4.78M | $2.6M | 0.2% | -4.4% | 13F ↗ |
| 27 | MOMO Hello Group Inc. · ADR | 426,189 | $2.1M | 0.1% | New | 13F ↗ |
| 28 | GPRK Geopark Ltd | 60,915 | $636.6K | <0.1% | -3.8% | 13F ↗ |
| 29 | SNDX Syndax Pharmaceuticals, Inc. | 33,845 | $636.3K | <0.1% | -73.0% | 13F ↗ |
| 30 | RIGL Rigel Pharmaceuticals, Inc. | 11,902 | $573.1K | <0.1% | -16.5% | 13F ↗ |
| 31 | KURA Kura Oncology, Inc. | 52,900 | $566.6K | <0.1% | -6.5% | 13F ↗ |
| 32 | PESI Perma-Fix Environmental Services, Inc. | 31,627 | $495.0K | <0.1% | -43.1% | 13F ↗ |
| 33 | GPN Global Payments Inc. | 6,050 | $494.1K | <0.1% | +19.8% | 13F ↗ |
| 34 | PHAT Phathom Pharmaceuticals, Inc. | 62,613 | $457.1K | <0.1% | +25.9% | 13F ↗ |
| 35 | NPB Northpointe Bancshares, Inc. | 28,258 | $411.7K | <0.1% | +113% | 13F ↗ |
| 36 | ABEO Abeona Therapeutics Inc. | 76,844 | $403.4K | <0.1% | -6.2% | 13F ↗ |
| 37 | SLM SLM Corporation · Commonstock | 17,300 | $391.5K | <0.1% | Unchanged | 13F ↗ |
| 38 | VERA Vera Therapeutics, Inc. | 11,979 | $386.8K | <0.1% | New | 13F ↗ |
| 39 | NKTR Nektar Therapeutics | 6,050 | $366.3K | <0.1% | +80.6% | 13F ↗ |
| 40 | RARE Ultragenyx Pharmaceutical Inc. | 23,214 | $348.9K | <0.1% | +40.6% | 13F ↗ |
| 41 | KSPI Joint Stock Company Kaspi.kz · ADR | 3,600 | $338.6K | <0.1% | Unchanged | 13F ↗ |
| 42 | TOST Toast, Inc. | 10,000 | $289.9K | <0.1% | Unchanged | 13F ↗ |
| 43 | PKBK Parke Bancorp, Inc. | 8,620 | $281.9K | <0.1% | Unchanged | 13F ↗ |
| 44 | PTHS Pelthos Therapeutics Inc. | 12,919 | $271.4K | <0.1% | Unchanged | 13F ↗ |
| 45 | ONIT Onity Group Inc. | 8,833 | $250.2K | <0.1% | -25.4% | 13F ↗ |
| 46 | NAMS NewAmsterdam Pharma Company N.V. | 9,300 | $226.2K | <0.1% | New | 13F ↗ |
| 47 | RLMD Relmada Therapeutics, Inc. | 51,650 | $194.7K | <0.1% | +63.2% | 13F ↗ |
| 48 | CGEM Cullinan Therapeutics, Inc. | 12,418 | $190.6K | <0.1% | Unchanged | 13F ↗ |
| 49 | CRBP Corbus Pharmaceuticals Holdings, Inc. | 27,300 | $186.2K | <0.1% | +12.3% | 13F ↗ |
| 50 | RGNX REGENXBIO Inc. | 23,184 | $174.6K | <0.1% | -95.0% | 13F ↗ |
Showing the top 50 of 55 positions. Premium lists every position, plus puts and calls.
Changes since Q2 2026
10 new, 17 added to, 15 trimmed, 26 exited, 13 unchanged. By estimated dollars.
New positions (10)
| VIPS Vipshop Holdings Limited · ADR | 1.82M | New | $22.7M |
| CHWY Chewy, Inc. | 509,001 | New | $9.3M |
| TRIP TripAdvisor, Inc. | 628,042 | New | $5.3M |
| YELP Yelp Inc. | 181,582 | New | $3.4M |
| MOMO Hello Group Inc. · ADR | 426,189 | New | $2.1M |
| VERA Vera Therapeutics, Inc. | 11,979 | New | $386.8K |
| NAMS NewAmsterdam Pharma Company N.V. | 9,300 | New | $226.2K |
| RCKT Rocket Pharmaceuticals, Inc. | 60,000 | New | $157.8K |
| CCCC C4 Therapeutics, Inc. | 16,132 | New | $53.7K |
| CMPX Compass Therapeutics, Inc. | 42,543 | New | $44.2K |
Added to (17)
| COUR Coursera, Inc. | 28.81M | +41.0% | $41.5M |
| ORCL Oracle Corporation | 377,000 | +270% | $37.8M |
| NU Nu Holdings Ltd. | 3.09M | +321% | $29.9M |
| BABA Alibaba Group Holding Limited · ADR | 720,964 | +38.9% | $21.7M |
| CMRC Commerce.com, Inc. | 7.28M | +138% | $13.4M |
| TME Tencent Music Entertainment Group · ADR | 2.46M | +125% | $10.8M |
| LSPD Lightspeed Commerce Inc. | 6.65M | +15.3% | $8.6M |
| GAU Galiano Gold Inc. | 7.65M | +52.0% | $5.1M |
| ITRG Integra Resources Corp. | 1.35M | +28.4% | $771.0K |
| NPB Northpointe Bancshares, Inc. | 28,258 | +113% | $218.5K |
Trimmed (15)
| BTG B2Gold Corp | 44.40M | -31.2% | -$105.3M |
| ZD Ziff Davis, Inc. | 2.03M | -23.7% | -$35.7M |
| IAUX i-80 Gold Corp. | 12.58M | -33.1% | -$10.3M |
| PTON Peloton Interactive, Inc. | 6.65M | -13.9% | -$5.4M |
| RGNX REGENXBIO Inc. | 23,184 | -95.0% | -$3.3M |
| SNDX Syndax Pharmaceuticals, Inc. | 33,845 | -73.0% | -$1.7M |
| PESI Perma-Fix Environmental Services, Inc. | 31,627 | -43.1% | -$375.6K |
| GERN Geron Corporation | 5.08M | -4.2% | -$274.8K |
| Fractyl Health Inc | 4.78M | -4.4% | -$120.1K |
| RIGL Rigel Pharmaceuticals, Inc. | 11,902 | -16.5% | -$113.2K |
Exited (26)
| T AT&T Inc. | 1.14M | Exited | -$23.6M |
| TDOC Teladoc Health, Inc. | 1.97M | Exited | -$16.7M |
| CARG CarGurus, Inc. | 384,626 | Exited | -$13.1M |
| GDDY GoDaddy Inc. | 127,179 | Exited | -$10.8M |
| WEAV Weave Communications Inc | 1.49M | Exited | -$8.9M |
| DOCU DocuSign, Inc. | 108,000 | Exited | -$4.8M |
| SPT Sprout Social, Inc | 343,841 | Exited | -$2.6M |
| DV DoubleVerify Holdings, Inc. | 220,336 | Exited | -$2.4M |
| SGMT Sagimet Biosciences Inc. | 221,875 | Exited | -$1.7M |
| HRTX Heron Therapeutics, Inc. | 2.51M | Exited | -$1.1M |
The 10 largest of each, by estimated dollars: shares changed times the later report's price. Index tracking, splits and mergers move positions too.
All positions
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Every position, puts and calls. Part of Premium.
Compare two quarters
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Any two quarters side by side. Part of Premium.
Reported value by quarter
Value and number of positions at the end of each quarter.
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Largest positions in earlier quarters
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Ten largest positions
By value, Q3 2026.
Filings
| Filing | ||||||
|---|---|---|---|---|---|---|
| Q3 2026 | Nov 13, 2026 | 13F-HR | 55 | $1.4B | Current | SEC ↗ |
| Q2 2026 | Aug 13, 2026 | 13F-HR | 72 | $1.4B | Current | SEC ↗ |
| Q1 2026 | May 14, 2026 | 13F-HR | 60 | $1.1B | Current | SEC ↗ |
| Q4 2025 | Feb 13, 2026 | 13F-HR | 60 | $1.5B | Current | SEC ↗ |
| Q3 2025 | Nov 13, 2025 | 13F-HR | 54 | $913.5M | Current | SEC ↗ |
| Q2 2025 | Aug 13, 2025 | 13F-HR | 60 | $974.6M | Current | SEC ↗ |
| Q1 2025 | May 14, 2025 | 13F-HR | 62 | $841.5M | Current | SEC ↗ |
Most recent first, up to 80. An amendment can replace a report or add holdings to it. All 13F filings
Information, not investment advice. Values are the fund's own figures at quarter end; a report can be up to 45 days old when filed. Disclaimer