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Latest Pale Fire Capital SE Stock Portfolio

$1.41Billion | No. of Holdings #71

Pale Fire Capital SE Performance

2026 Q2+11.86%
YTD+2.75%
2025+46.40%

About Pale Fire Capital SE and 13F Hedge Fund Stock Holdings

On 2026-08-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, Pale Fire Capital SE reported an equity portfolio of $1.4 Billions as of 30 Jun, 2026. <br><br> The top stock holdings of Pale Fire Capital SE are GRPN, BTG, ZD. The fund has invested 17.3% of it's portfolio in GROUPON INC and 17.1% of portfolio in B2GOLD CORP. <br><br> The fund managers got completely rid off BAXTER INTL INC (BAX), UDEMY INC (UDMY) and IAC INC (IAC) stocks. They significantly reduced their stock positions in LIQUIDIA CORPORATION (LQDA), KURA ONCOLOGY INC (KURA) and EXPENSIFY INC (EXFY). Pale Fire Capital SE opened new stock positions in ALIBABA GROUP HLDG LTD (BABA), AT&T INC (T) and ORACLE CORP (ORCL). The fund showed a lot of confidence in some stocks as they added substantially to GEOPARK LTD (GPRK), DOUBLEVERIFY HLDGS INC (DV) and COURSERA INC (COUR).
Pale Fire Capital SE Equity Portfolio Value
Last Reported on: 13 Aug, 2026
$1.41Billion
  as of Aug 13, 2026

Pale Fire Capital SE Annual Return Estimates Vs S&P 500

Our best estimate is that Pale Fire Capital SE made a return of 11.86% in the last quarter. In trailing 12 months, it's portfolio return was 3.92%.
  • Performance
  • S&P 500

New Buys

Ticker$ Bought
alibaba group hldg ltd49,810,200
at&t inc23,598,000
oracle corp14,948,100
cargurus inc13,111,900
godaddy inc10,795,000
nu hldgs ltd9,832,340
tencent music entmt group9,140,990
docusign inc4,797,360
New stocks bought by Pale Fire Capital SE

Additions

Ticker% Inc.
geopark ltd194
doubleverify hldgs inc99.4
coursera inc94.38
tarsus pharmaceuticals inc73.43
mineralys therapeutics inc68.01
northpointe bancshares inc.29.25
galiano gold inc25.92
peloton interactive inc23.96
Additions to existing portfolio by Pale Fire Capital SE

Reductions

Ticker% Reduced
liquidia corporation-99.1
kura oncology inc-93.4
expensify inc-72.06
syndax pharmaceuticals inc-55.86
teladoc health inc-41.92
fractyl health inc-15.5
cullinan therapeutics inc-12.66
i-80 gold corp-9.76
Pale Fire Capital SE reduced stake in above stock

Sold off

Ticker$ Sold
baxter intl inc-26,590,100
udemy inc-6,038,990
x4 pharmaceuticals inc-692,147
kosmos energy ltd-403,100
iac inc-2,172,870
grace therapeutics inc-174,838
fulcrum therapeutics inc-200,187
engene holdings inc-163,467
Pale Fire Capital SE got rid off the above stocks

Sector Distribution

Pale Fire Capital SE has about 40.1% of it's holdings in Others sector.

  • Others
  • Communication Services
  • Healthcare
  • Consumer Defensive
  • Consumer Cyclical
  • Technology
Sector%
Others40.1
Communication Services30.7
Healthcare9.6
Consumer Defensive8.2
Consumer Cyclical7.3
Technology3.9

Market Cap. Distribution

Pale Fire Capital SE has about 4% of it's portfolio invested in the large-cap and mega-cap stocks.

  • SMALL-CAP
  • UNALLOCATED
  • MID-CAP
  • LARGE-CAP
  • MICRO-CAP
  • MEGA-CAP
Category%
SMALL-CAP48.8
UNALLOCATED40.1
MID-CAP4.3
LARGE-CAP2.9
MICRO-CAP2.8
MEGA-CAP1.1

Stocks belong to which Index?

About 45.6% of the stocks held by Pale Fire Capital SE either belong to S&P 500 or RUSSELL 2000 index.

  • Others
  • RUSSELL 2000
  • S&P 500
Index%
Others54.4
RUSSELL 200042.8
S&P 5002.8
Top 5 Winners (%)%
GRPN
groupon inc
102.2 %
fractyl health inc
67.8 %
EXFY
expensify inc
67.7 %
RARE
ultragenyx pharmaceutical in
59.4 %
LQDA
liquidia corporation
56.1 %
Top 5 Winners ($)$
GRPN
groupon inc
123.8 M
ZD
ziff davis inc
28.3 M
PHR
phreesia inc
16.8 M
PTON
peloton interactive inc
11.3 M
CARS
cars com inc
11.2 M
Top 5 Losers (%)%
HRTX
heron therapeutics inc
-44.9 %
GAU
galiano gold inc
-23.5 %
BTG
b2gold corp
-16.8 %
GERN
geron corp
-13.6 %
ANGI
angi inc
-13.1 %
Top 5 Losers ($)$
BTG
b2gold corp
-53.0 M
DOLE
dole plc
-5.4 M
ANGI
angi inc
-3.5 M
GAU
galiano gold inc
-2.9 M
COUR
coursera inc
-2.8 M

Pale Fire Capital SE Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Pale Fire Capital SE

Pale Fire Capital SE has 71 stocks in it's portfolio. About 82.2% of the portfolio is in top 10 stocks. BTG proved to be the most loss making stock for the portfolio. GRPN was the most profitable stock for Pale Fire Capital SE last quarter.

$1.41BTotal Value
84.00Positions
13 Aug, 2026Last Reported
Current holdings of Current Stock Holdings of Pale Fire Capital SE, last reported on 13 Aug, 2026. Select a row with a linked ticker to view its historical trend.
ExpandHoldingsorted ascending% PortfolioShares Held$ Value% Change
BABA
Alibaba Group Hldg Ltd

Alibaba Group Hldg Ltd

BABA
Pale Fire Capital SE's holding in Alibaba Group Hldg Ltd over time
3.52%518,964
$49.81M
3.52%
new position
BTG
B2gold Corp

B2gold Corp

BTG
Pale Fire Capital SE's holding in B2gold Corp over time
17.07%64,560,800
$241.46M
17.07%
decreased 7.43 percentreduced
CYBN
Cybin Inc

Cybin Inc

CYBN
Pale Fire Capital SE's holding in Cybin Inc over time
0.07%153,505
$1.01M
0.07%
unchanged 0 percentunchanged
DOLE
Dole Plc

Dole Plc

DOLE
Pale Fire Capital SE's holding in Dole Plc over time
9.15%9,427,480
$129.34M
9.15%
unchanged 0 percentunchanged