2026 Q3 Portfolio Activity
In 2026 Q3, Pale Fire Capital SE maintained a portfolio of 82 distinct positions. The most significant new addition was VIPSHOP HLDGS LTD, now representing 1.63% of the total fund value. They heavily accumulated shares in ORACLE CORP, increasing the position by 269.6%. Conversely, Pale Fire Capital SE completely exited their position in AT&T INC.
Position History
hover any row below to update
Loading…
Total Positions
82
Quarter
2026 Q3
Top Holding
BTG (16.6%)
Top 10 Concentration
81.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 82
Pale Fire Capital SE Full Holdings List — 2026 Q3
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
BTG
B2GOLD CORP
|
Basic Materials | 16.61% | 17.07% |
#1
1
Prev: #2
|
6.0 |
—
|
-20,165,229 | -31.2% |
P
S
|
44,395,548 | $231,744,761 | 2024 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
GRPN
GROUPON INC
|
Communication Services | 14.42% | 17.32% |
#2
1
Prev: #1
|
6.5 |
—
|
no change | no change |
P
S
|
10,181,070 | $201,177,943 | 2022 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
COUR
COURSERA INC
|
Consumer Defensive | 10.24% | 8.15% |
#3
2
Prev: #5
|
7.5 |
—
|
8,373,465 | 41.0% |
P
S
|
28,806,415 | $142,879,818 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
DOLE
DOLE PLC
|
Consumer Defensive | 8.59% | 9.15% |
#4
Prev: #4
|
4.9 |
—
|
no change | no change |
P
S
|
9,427,476 | $119,823,220 | 2022 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ZD
ZIFF DAVIS INC
|
Communication Services | 8.25% | 9.85% |
#5
2
Prev: #3
|
3.8 |
—
|
-629,673 | -23.7% |
P
S
|
2,030,881 | $115,130,644 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
PHR
PHREESIA INC
|
Healthcare | 6.61% | 6.49% |
#6
Prev: #6
|
3.6 |
—
|
no change | no change |
P
S
|
8,924,329 | $92,188,319 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
BABA
ALIBABA GROUP H...
|
Consumer Cyclical | 5.56% | 3.52% |
#7
1
Prev: #8
|
4.7 |
—
|
202,000 | 38.9% |
P
S
|
720,964 | $77,532,469 | 2023 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
LSPD
LIGHTSPEED COMM...
|
Technology | 4.66% | 4.28% |
#8
1
Prev: #7
|
3.9 |
—
|
880,919 | 15.3% |
P
S
|
6,654,851 | $65,017,894 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ORCL
ORACLE CORP
|
Technology | 3.71% | 1.06% |
#9
7
Prev: #16
|
4.5 |
—
|
275,000 | 269.6% |
P
S
|
377,000 | $51,762,100 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CARS
CARS COM INC
|
Communication Services | 2.95% | 3.10% |
#10
Prev: #10
|
2.2 |
—
|
no change | no change |
P
S
|
4,008,218 | $41,164,399 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
NU
NU HLDGS LTD
|
Financial Services | 2.81% | 0.70% |
#11
8
Prev: #19
|
4.1 |
—
|
2,359,000 | 320.5% |
P
S
|
3,094,954 | $39,182,118 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
PTON
PELOTON INTERAC...
|
Consumer Cyclical | 2.38% | 3.23% |
#12
3
Prev: #9
|
1.5 |
—
|
-1,077,136 | -13.9% |
P
S
|
6,651,450 | $33,190,736 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
BIGC
COMMERCE.COM IN...
|
Unknown | 1.65% | 0.64% |
#13
9
Prev: #22
|
3.7 |
—
|
4,225,480 | 138.3% |
P
S
|
7,280,370 | $23,005,969 | 2025 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
VIPS
VIPSHOP HLDGS L...
|
Consumer Cyclical | 1.63% | — |
#14
Prev: #—
|
4.2 |
—
|
1,816,800 | — |
NEW
|
1,816,800 | $22,728,168 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ANGI
ANGI INC
|
Communication Services | 1.62% | 1.65% |
#15
2
Prev: #13
|
1.6 |
—
|
no change | no change |
P
S
|
3,930,416 | $22,639,196 | 2023 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
IAUX
I-80 GOLD CORP
|
Basic Materials | 1.50% | 1.92% |
#16
5
Prev: #11
|
0.6 |
—
|
-6,232,259 | -33.1% |
P
S
|
12,577,320 | $20,878,351 | 2024 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
TME
TENCENT MUSIC E...
|
Communication Services | 1.40% | 0.65% |
#17
4
Prev: #21
|
3.6 |
—
|
1,366,816 | 124.9% |
P
S
|
2,461,545 | $19,520,052 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
MLYS
MINERALYS THERA...
|
Healthcare | 1.11% | 1.17% |
#18
3
Prev: #15
|
1.4 |
—
|
no change | no change |
P
S
|
614,284 | $15,436,957 | 2023 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
GAU
GALIANO GOLD IN...
|
Basic Materials | 1.06% | 0.67% |
#19
1
Prev: #20
|
3.4 |
—
|
2,616,854 | 52.0% |
P
S
|
7,653,508 | $14,847,806 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CHWY
CHEWY INC
|
Consumer Cyclical | 0.66% | — |
#20
Prev: #—
|
3.8 |
—
|
509,001 | — |
NEW
|
509,001 | $9,263,818 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
GERN
GERON CORP
|
Healthcare | 0.45% | 0.48% |
#21
4
Prev: #25
|
0.7 |
—
|
-223,400 | -4.2% |
P
S
|
5,083,804 | $6,253,079 | 2025 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
TRIP
TRIPADVISOR INC
|
Consumer Cyclical | 0.38% | — |
#22
Prev: #—
|
3.7 |
—
|
628,042 | — |
NEW
|
628,042 | $5,256,712 | 2023 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
DERM
JOURNEY MED COR...
|
Healthcare | 0.26% | 0.26% |
#23
6
Prev: #29
|
0.6 |
—
|
-6,743 | -1.3% |
P
S
|
521,841 | $3,569,392 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ITRG
INTEGRA RES COR...
|
Basic Materials | 0.25% | 0.17% |
#24
8
Prev: #32
|
2.6 |
—
|
300,000 | 28.4% |
P
S
|
1,354,986 | $3,482,314 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
YELP
YELP INC
|
Communication Services | 0.24% | — |
#25
Prev: #—
|
3.6 |
—
|
181,582 | — |
NEW
|
181,582 | $3,359,267 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
GUTS
FRACTYL HEALTH ...
|
Healthcare | 0.19% | 0.28% |
#26
2
Prev: #28
|
0.6 |
—
|
-220,676 | -4.4% |
P
S
|
4,782,561 | $2,603,626 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
MOMO
HELLO GROUP INC
|
Communication Services | 0.15% | — |
#27
Prev: #—
|
3.6 |
—
|
426,189 | — |
NEW
|
426,189 | $2,062,755 | 2024 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
GPRK
GEOPARK LTD
|
Energy | 0.05% | 0.04% |
#28
13
Prev: #41
|
0.5 |
—
|
-2,385 | -3.8% |
P
S
|
60,915 | $636,562 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SNDX
SYNDAX PHARMACE...
|
Healthcare | 0.05% | 0.19% |
#29
1
Prev: #30
|
0.0 |
—
|
-91,705 | -73.0% |
P
S
|
33,845 | $636,286 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
RIGL
RIGEL PHARMACEU...
|
Healthcare | 0.04% | 0.04% |
#30
12
Prev: #42
|
0.5 |
—
|
-2,350 | -16.5% |
P
S
|
11,902 | $573,081 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
KURA
KURA ONCOLOGY I...
|
Healthcare | 0.04% | 0.04% |
#31
8
Prev: #39
|
0.5 |
—
|
-3,700 | -6.5% |
P
S
|
52,900 | $566,559 | 2023 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
PESI
PERMA-FIX ENVIR...
|
Industrials | 0.04% | 0.06% |
#32
5
Prev: #37
|
0.0 |
—
|
-24,000 | -43.1% |
P
S
|
31,627 | $494,963 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
GPN
GLOBAL PMTS INC
|
Industrials | 0.04% | 0.03% |
#33
18
Prev: #51
|
2.0 |
—
|
1,000 | 19.8% |
P
S
|
6,050 | $494,104 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
PHAT
PHATHOM PHARMAC...
|
Healthcare | 0.03% | 0.04% |
#34
10
Prev: #44
|
2.5 |
—
|
12,900 | 25.9% |
P
S
|
62,613 | $457,075 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
NPB
NORTHPOINTE BAN...
|
Financial Services | 0.03% | 0.02% |
#35
23
Prev: #58
|
3.0 |
—
|
15,000 | 113.1% |
P
S
|
28,258 | $411,719 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ABEO
ABEONA THERAPEU...
|
Healthcare | 0.03% | 0.04% |
#36
9
Prev: #45
|
0.5 |
—
|
-5,101 | -6.2% |
P
S
|
76,844 | $403,431 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SLM
SLM CORP
|
Financial Services | 0.03% | 0.03% |
#37
11
Prev: #48
|
1.0 |
—
|
no change | no change |
P
S
|
17,300 | $391,499 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
VERA
VERA THERAPEUTI...
|
Healthcare | 0.03% | — |
#38
Prev: #—
|
3.5 |
—
|
11,979 | — |
NEW
|
11,979 | $386,802 | 2023 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
NKTR
NEKTAR THERAPEU...
|
Healthcare | 0.03% | 0.02% |
#39
21
Prev: #60
|
3.0 |
—
|
2,700 | 80.6% |
P
S
|
6,050 | $366,297 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
RARE
ULTRAGENYX PHAR...
|
Healthcare | 0.03% | 0.04% |
#40
3
Prev: #43
|
2.5 |
—
|
6,700 | 40.6% |
P
S
|
23,214 | $348,906 | 2025 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
KSPI
KASPI KZ JSC
|
Technology | 0.02% | 0.02% |
#41
12
Prev: #53
|
1.0 |
—
|
no change | no change |
P
S
|
3,600 | $338,616 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
TOST
TOAST INC
|
Technology | 0.02% | 0.02% |
#42
14
Prev: #56
|
1.0 |
—
|
no change | no change |
P
S
|
10,000 | $289,900 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
PKBK
PARKE BANCORP I...
|
Financial Services | 0.02% | 0.02% |
#43
12
Prev: #55
|
1.0 |
—
|
no change | no change |
P
S
|
8,620 | $281,874 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
PTHS
PELTHOS THERAPE...
|
Healthcare | 0.02% | 0.03% |
#44
8
Prev: #52
|
1.0 |
—
|
no change | no change |
P
S
|
12,919 | $271,428 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ONIT
ONITY GROUP INC
|
Financial Services | 0.02% | 0.03% |
#45
2
Prev: #47
|
0.0 |
—
|
-3,000 | -25.4% |
P
S
|
8,833 | $250,239 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
NAMS
NEWAMSTERDAM PH...
|
Healthcare | 0.02% | — |
#46
Prev: #—
|
3.5 |
—
|
9,300 | — |
NEW
|
9,300 | $226,176 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
RLMD
RELMADA THERAPE...
|
Healthcare | 0.01% | 0.02% |
#47
17
Prev: #64
|
3.0 |
—
|
20,000 | 63.2% |
P
S
|
51,650 | $194,721 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CGEM
CULLINAN THERAP...
|
Healthcare | 0.01% | 0.02% |
#48
15
Prev: #63
|
1.0 |
—
|
no change | no change |
P
S
|
12,418 | $190,616 | 2025 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CRBP
CORBUS PHARMACE...
|
Healthcare | 0.01% | 0.02% |
#49
13
Prev: #62
|
2.0 |
—
|
2,999 | 12.3% |
P
S
|
27,300 | $186,186 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
RGNX
REGENXBIO INC
|
Healthcare | 0.01% | 0.39% |
#50
24
Prev: #26
|
0.0 |
—
|
-443,025 | -95.0% |
P
S
|
23,184 | $174,576 | 2024 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 |
Showing 1-50 of 82 holdings