Latest Pale Fire Capital SE Stock Portfolio
Pale Fire Capital SE Performance:
2025 Q3: -8.67%YTD: 25.22%2024: 2.99%
Performance for 2025 Q3 is -8.67%, and YTD is 25.22%, and 2024 is 2.99%.
About Pale Fire Capital SE and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, Pale Fire Capital SE reported an equity portfolio of $913.5 Millions as of 30 Sep, 2025.
The top stock holdings of Pale Fire Capital SE are , GRPN, . The fund has invested 27.1% of it's portfolio in B2GOLD CORP and 26% of portfolio in GROUPON INC.
The fund managers got completely rid off HECLA MNG CO (HL), PAN AMERN SILVER CORP and SPROTT PHYSICAL PLAT PALLAD (SPPP) stocks. They significantly reduced their stock positions in AQUESTIVE THERAPEUTICS INC (AQST), INTERNATIONAL SEAWAYS INC (INSW) and NEW PAC METALS CORP. Pale Fire Capital SE opened new stock positions in TECTONIC THERAPEUTIC INC, GERON CORP (GERN) and COMMERCE.COM INC (BIGC). The fund showed a lot of confidence in some stocks as they added substantially to KURA ONCOLOGY INC (KURA), NUVATION BIO INC (NUVB) and REGENXBIO INC (RGNX).
The top stock holdings of Pale Fire Capital SE are , GRPN, . The fund has invested 27.1% of it's portfolio in B2GOLD CORP and 26% of portfolio in GROUPON INC.
The fund managers got completely rid off HECLA MNG CO (HL), PAN AMERN SILVER CORP and SPROTT PHYSICAL PLAT PALLAD (SPPP) stocks. They significantly reduced their stock positions in AQUESTIVE THERAPEUTICS INC (AQST), INTERNATIONAL SEAWAYS INC (INSW) and NEW PAC METALS CORP. Pale Fire Capital SE opened new stock positions in TECTONIC THERAPEUTIC INC, GERON CORP (GERN) and COMMERCE.COM INC (BIGC). The fund showed a lot of confidence in some stocks as they added substantially to KURA ONCOLOGY INC (KURA), NUVATION BIO INC (NUVB) and REGENXBIO INC (RGNX).
Pale Fire Capital SE Annual Return Estimates Vs S&P 500
Our best estimate is that Pale Fire Capital SE made a return of -8.67% in the last quarter. In trailing 12 months, it's portfolio return was 28.27%.
New Buys
| Ticker | $ Bought |
|---|---|
| tectonic therapeutic inc | 4,075,100 |
| geron corp | 3,126,000 |
| commerce.com inc | 1,490,170 |
| heron therapeutics inc | 593,699 |
| quidelortho corp | 536,255 |
| tarsus pharmaceuticals inc | 420,467 |
| biohaven ltd | 155,263 |
| akebia therapeutics inc | 137,073 |
New stocks bought by Pale Fire Capital SE
Additions
| Ticker | % Inc. |
|---|---|
| kura oncology inc | 2,923 |
| nuvation bio inc | 1,410 |
| regenxbio inc | 817 |
| day one biopharmaceuticals i | 768 |
| journey med corp | 604 |
| x4 pharmaceuticals inc | 201 |
| iamgold corp | 197 |
| liquidia corporation | 180 |
Additions to existing portfolio by Pale Fire Capital SE
Reductions
| Ticker | % Reduced |
|---|---|
| aquestive therapeutics inc | -94.44 |
| international seaways inc | -71.74 |
| new pac metals corp | -61.59 |
| atai life sciences nv | -59.07 |
| osisko development corp | -56.93 |
| ag mtg invt tr inc | -39.99 |
| centerra gold inc | -32.63 |
| arrowhead pharmaceuticals in | -25.41 |
Pale Fire Capital SE reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| hecla mng co | -44,558,500 |
| sprott physical plat pallad | -13,753,700 |
| coeur mng inc | -10,153,800 |
| pan amern silver corp | -18,445,600 |
| ocular therapeutix inc | -4,919,650 |
| uniqure nv | -7,385,380 |
| quipt home medical corp | -823,942 |
| match group inc new | -12,866,700 |
Pale Fire Capital SE got rid off the above stocks
Sector Distribution
Pale Fire Capital SE has about 60.8% of it's holdings in Others sector.
| Sector | % |
|---|---|
| Others | 60.8 |
| Communication Services | 30.5 |
| Healthcare | 8 |
Market Cap. Distribution
Pale Fire Capital SE has about 3.7% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| UNALLOCATED | 60.8 |
| SMALL-CAP | 33.3 |
| LARGE-CAP | 3.7 |
| MICRO-CAP | 1.4 |
Stocks belong to which Index?
About 5.7% of the stocks held by Pale Fire Capital SE either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 94.3 |
| RUSSELL 2000 | 5.7 |
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 52 stocks in it's portfolio. About 89.7% of the portfolio is in top 10 stocks. GRPN proved to be the most loss making stock for the portfolio. ATAI was the most profitable stock for Pale Fire Capital SE last quarter.
Last Reported on: 13 Nov, 2025| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| ADVM | adverum biotechnologies inc | 0.18 | 363,282 | 1,645,670 | added | 1.27 | ||
| AGRO | adecoagro s a | 0.07 | 84,637 | 663,554 | unchanged | 0.00 | ||
| AKBA | akebia therapeutics inc | 0.01 | 50,210 | 137,073 | new | |||
| ANGI | angi inc | 2.44 | 1,368,480 | 22,251,500 | added | 5.88 | ||
| AQST | aquestive therapeutics inc | 0.06 | 93,132 | 520,608 | reduced | -94.44 | ||
| ARWR | arrowhead pharmaceuticals in | 0.04 | 10,123 | 349,142 | reduced | -25.41 | ||
| ASPI | asp isotopes inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| ATAI | atai life sciences nv | 0.63 | 1,080,770 | 5,717,260 | reduced | -59.07 | ||
| BIGC | commerce.com inc | 0.16 | 298,631 | 1,490,170 | new | |||
| CDE | coeur mng inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CELC | celcuity inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CGEM | cullinan therapeutics inc | 0.01 | 14,615 | 86,667 | new | |||
| CIM | chimera invt corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CRBU | caribou biosciences inc | 0.20 | 775,055 | 1,805,880 | unchanged | 0.00 | ||
| CYBN | cybin inc | 0.10 | 153,505 | 904,144 | added | 36.08 | ||
| DAWN | day one biopharmaceuticals i | 0.23 | 302,467 | 2,132,390 | added | 768 | ||
| DERM | journey med corp | 0.18 | 228,567 | 1,627,400 | added | 604 | ||
| ETNB | 89bio inc | 0.04 | 26,903 | 395,474 | added | 1.22 | ||
| GERN | geron corp | 0.34 | 2,281,750 | 3,126,000 | new | |||
| GRPN | groupon inc | 26.02 | 10,181,100 | 237,728,000 | unchanged | 0.00 | ||