AI Portfolio Summary
In 2025 Q4, Pale Fire Capital SE maintained a portfolio of 79 distinct positions. The most significant new addition to the portfolio was COINBASE GLOBAL INC, which now represents 19.30% of the total fund value. The fund also reduced its exposure to MINERALYS THERAPEUTI by 98.1%.
Total Positions
79
Quarter
2025 Q4
Top Holding
COIN (19.3%)
Top 10 Concentration
90.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 79
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
COIN
PUT
COINBASE GLOBAL...
|
PUT Option | 19.30% | — |
#1
Prev: #—
|
9.5 | 1,271,800 | no change |
NEW
|
1,271,800 | $287,604,852 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TSLA
PUT
TESLA INC
|
PUT Option | 15.70% | — |
#2
Prev: #—
|
9.0 | 520,000 | no change |
NEW
|
520,000 | $233,854,400 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HOOD
PUT
ROBINHOOD MKTS ...
|
PUT Option | 12.57% | — |
#3
Prev: #—
|
8.5 | 1,656,000 | no change |
NEW
|
1,656,000 | $187,293,600 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GRPN
GROUPON INC
|
Communication Services | 12.03% | 26.02% |
#4
2
Prev: #2
|
5.5 | no change | no change |
P
S
|
10,181,070 | $179,288,643 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BTG
B2GOLD CORP
|
Basic Materials | 11.90% | 27.10% |
#5
4
Prev: #1
|
4.5 | -10,704,306 | -21.4% |
P
S
|
39,311,603 | $177,295,330 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DOLE
DOLE PLC
|
Consumer Defensive | 9.43% | 12.63% |
#6
3
Prev: #3
|
5.8 | 784,699 | 9.1% |
P
S
|
9,372,776 | $140,497,912 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ZD
ZIFF DAVIS INC
|
Communication Services | 2.85% | 1.68% |
#7
4
Prev: #11
|
4.1 | 808,127 | 201.1% |
P
S
|
1,209,952 | $42,529,813 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BAX
BAXTER INTL INC
|
Healthcare | 2.66% | — |
#8
Prev: #—
|
4.6 | 2,074,016 | no change |
NEW
|
2,074,016 | $39,634,446 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IAUX
I-80 GOLD CORP
|
Basic Materials | 2.03% | 2.36% |
#9
Prev: #9
|
1.3 | -1,849,844 | -8.2% |
P
S
|
20,668,315 | $30,175,740 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ANGI
ANGI INC
|
Communication Services | 1.87% | 2.44% |
#10
2
Prev: #8
|
3.7 | 784,441 | 57.3% |
P
S
|
2,152,919 | $27,837,243 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GAU
GALIANO GOLD IN...
|
Basic Materials | 1.34% | 1.60% |
#11
1
Prev: #12
|
2.5 | 1,258,674 | 18.9% |
P
S
|
7,914,409 | $20,023,455 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TDOC
TELADOC HEALTH ...
|
Healthcare | 0.91% | — |
#12
Prev: #—
|
3.9 | 1,944,203 | no change |
NEW
|
1,944,203 | $13,609,421 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LQDA
LIQUIDIA CORPOR...
|
Healthcare | 0.88% | 0.60% |
#13
2
Prev: #15
|
3.4 | 138,671 | 57.6% |
P
S
|
379,392 | $13,085,230 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CGAU
CENTERRA GOLD I...
|
Basic Materials | 0.57% | 2.74% |
#14
7
Prev: #7
|
0.2 | -1,744,656 | -74.7% |
P
S
|
591,222 | $8,495,860 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CARS
CARS COM INC
|
Communication Services | 0.54% | — |
#15
Prev: #—
|
3.7 | 661,501 | no change |
NEW
|
661,501 | $8,070,312 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RGNX
REGENXBIO INC
|
Healthcare | 0.48% | 0.27% |
#16
6
Prev: #22
|
3.2 | 243,925 | 95.4% |
P
S
|
499,526 | $7,193,174 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GUTS
FRACTYL HEALTH ...
|
Healthcare | 0.47% | — |
#17
Prev: #—
|
3.7 | 3,209,942 | no change |
NEW
|
3,209,942 | $7,061,872 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TEN
TSAKOS ENERGY N...
|
Energy | 0.45% | 0.83% |
#18
5
Prev: #13
|
0.7 | -44,710 | -13.1% |
P
S
|
295,909 | $6,634,280 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GERN
GERON CORP
|
Healthcare | 0.42% | 0.34% |
#19
2
Prev: #21
|
3.2 | 2,506,840 | 109.9% |
P
S
|
4,788,594 | $6,320,944 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SNDX
SYNDAX PHARMACE...
|
Healthcare | 0.40% | — |
#20
Prev: #—
|
3.7 | 284,460 | no change |
NEW
|
284,460 | $5,976,505 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TECX
TECTONIC THERAP...
|
Healthcare | 0.37% | 0.45% |
#21
3
Prev: #18
|
0.6 | 1,300 | 0.5% |
P
S
|
261,026 | $5,445,002 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DAWN
DAY ONE BIOPHAR...
|
Healthcare | 0.34% | 0.23% |
#22
1
Prev: #23
|
3.1 | 241,596 | 79.9% |
P
S
|
544,063 | $5,070,667 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KURA
KURA ONCOLOGY I...
|
Healthcare | 0.32% | 0.59% |
#23
7
Prev: #16
|
0.1 | -155,545 | -25.6% |
P
S
|
452,245 | $4,698,826 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IAC
IAC INC
|
Communication Services | 0.25% | — |
#24
Prev: #—
|
3.6 | 96,507 | no change |
NEW
|
96,507 | $3,773,424 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DERM
JOURNEY MED COR...
|
Healthcare | 0.23% | 0.18% |
#25
1
Prev: #26
|
3.1 | 216,075 | 94.5% |
P
S
|
444,642 | $3,428,190 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
OEF
PUT
ISHARES TR
|
PUT Option | 0.22% | — |
#26
Prev: #—
|
3.6 | 19,600 | no change |
NEW
|
19,600 | $3,307,892 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WIX
WIX COM LTD
|
Technology | 0.22% | — |
#27
Prev: #—
|
3.6 | 31,000 | no change |
NEW
|
31,000 | $3,220,590 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BIGC
COMMERCE.COM IN...
|
Unknown | 0.21% | 0.16% |
#28
1
Prev: #27
|
3.1 | 450,294 | 150.8% |
P
S
|
748,925 | $3,085,571 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVDA
PUT
NVIDIA CORPORAT...
|
PUT Option | 0.14% | — |
#29
Prev: #—
|
3.6 | 11,000 | no change |
NEW
|
11,000 | $2,051,500 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HRTX
HERON THERAPEUT...
|
Healthcare | 0.13% | 0.06% |
#30
2
Prev: #32
|
3.1 | 998,465 | 211.9% |
P
S
|
1,469,655 | $1,910,552 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SGMT
SAGIMET BIOSCIE...
|
Healthcare | 0.09% | — |
#31
Prev: #—
|
3.5 | 221,875 | no change |
NEW
|
221,875 | $1,313,500 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CYBN
CYBIN INC
|
Healthcare | 0.08% | 0.10% |
#32
4
Prev: #28
|
1.0 | no change | no change |
P
S
|
153,505 | $1,255,671 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ABEO
ABEONA THERAPEU...
|
Healthcare | 0.06% | — |
#33
Prev: #—
|
3.5 | 174,705 | no change |
NEW
|
174,705 | $920,695 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AGRO
ADECOAGRO S A
|
Consumer Defensive | 0.05% | 0.07% |
#34
5
Prev: #29
|
1.0 | no change | no change |
P
S
|
84,637 | $671,171 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XFOR
X4 PHARMACEUTIC...
|
Healthcare | 0.04% | 0.07% |
#35
4
Prev: #31
|
0.5 | -13,261 | -7.3% |
P
S
|
167,590 | $670,360 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LFCR
LIFECORE BIOMED...
|
Healthcare | 0.04% | 0.05% |
#36
Prev: #36
|
2.0 | 6,420 | 9.9% |
P
S
|
71,040 | $581,107 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HROW
HARROW INC
|
Healthcare | 0.04% | 0.04% |
#37
4
Prev: #41
|
2.5 | 3,692 | 45.6% |
P
S
|
11,785 | $577,465 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PESI
PERMA-FIX ENVIR...
|
Industrials | 0.04% | 0.05% |
#38
1
Prev: #37
|
0.5 | -2,050 | -4.5% |
P
S
|
43,220 | $544,140 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DCTH
DELCATH SYS INC
|
Healthcare | 0.03% | — |
#39
Prev: #—
|
3.5 | 40,085 | no change |
NEW
|
40,085 | $404,859 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MLYS
MINERALYS THERA...
|
Healthcare | 0.03% | 2.21% |
#40
30
Prev: #10
|
0.0 | -522,053 | -98.1% |
P
S
|
10,354 | $375,747 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRTO
CRITEO S A
|
Communication Services | 0.03% | — |
#41
Prev: #—
|
3.5 | 18,097 | no change |
NEW
|
18,097 | $372,979 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AGIO
AGIOS PHARMACEU...
|
Healthcare | 0.02% | — |
#42
Prev: #—
|
3.5 | 11,850 | no change |
NEW
|
11,850 | $322,557 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ONIT
ONITY GROUP INC
|
Financial Services | 0.02% | — |
#43
Prev: #—
|
3.5 | 6,833 | no change |
NEW
|
6,833 | $312,883 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PTHS
PELTHOS THERAPE...
|
Healthcare | 0.02% | — |
#44
Prev: #—
|
3.5 | 8,100 | no change |
NEW
|
8,100 | $251,100 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RARE
ULTRAGENYX PHAR...
|
Healthcare | 0.02% | — |
#45
Prev: #—
|
3.5 | 10,211 | no change |
NEW
|
10,211 | $234,853 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LXEO
LEXEO THERAPEUT...
|
Healthcare | 0.01% | 0.02% |
#46
2
Prev: #44
|
0.0 | -11,348 | -33.7% |
P
S
|
22,302 | $221,459 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ENGN
ENGENE HOLDINGS...
|
Healthcare | 0.01% | 0.01% |
#47
4
Prev: #51
|
2.5 | 6,750 | 39.1% |
P
S
|
24,004 | $216,756 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RLMD
RELMADA THERAPE...
|
Healthcare | 0.01% | — |
#48
Prev: #—
|
3.5 | 44,550 | no change |
NEW
|
44,550 | $215,177 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VZLA
VIZSLA SILVER C...
|
Basic Materials | 0.01% | 0.01% |
#49
1
Prev: #50
|
2.5 | 7,473 | 24.3% |
P
S
|
38,201 | $208,959 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TARS
TARSUS PHARMACE...
|
Healthcare | 0.01% | 0.05% |
#50
12
Prev: #38
|
0.0 | -4,623 | -65.3% |
P
S
|
2,452 | $200,770 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 79 holdings