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. Conversely, Pale Fire Capital SE completely exited their position in IAMGOLD CORP.
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:
1-25 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: #—
|
9.7 | 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: #—
|
8.3 | 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: #—
|
7.0 | 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
|
4.8 | 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
|
4.8 | -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
|
3.4 | 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: #—
|
3.1 | 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
|
0.8 | -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
|
2.9 | 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
|
2.6 | 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: #—
|
2.4 | 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
|
2.5 | 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
|
0.5 | -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: #—
|
2.2 | 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
|
2.5 | 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: #—
|
2.2 | 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
|
0.2 | -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
|
2.5 | 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: #—
|
2.2 | 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
|
2.1 | 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
|
2.4 | 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
|
0.2 | -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: #—
|
2.1 | 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
|
2.4 | 216,075 | 94.5% |
P
S
|
444,642 | $3,428,190 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IAG
IAMGOLD CORP
|
Basic Materials | 0.00% | 5.56% |
Sold All 😨
(Was: #4) |
0.3 | -3,930,998 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NGD
NEW GOLD INC CD...
|
Basic Materials | 0.00% | 4.88% |
Sold All 😨
(Was: #5) |
0.3 | -6,211,037 | -100.0% |
CLOSED
|
— | $— | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TEVA
TEVA PHARMACEUT...
|
Healthcare | 0.00% | 3.74% |
Sold All 😨
(Was: #6) |
0.3 | -1,689,811 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NUVB
NUVATION BIO IN...
|
Healthcare | 0.00% | 0.59% |
Sold All 😨
(Was: #17) |
0.3 | -1,444,647 | -100.0% |
CLOSED
|
— | $— | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
INSW
INTERNATIONAL S...
|
Energy | 0.00% | 0.38% |
Sold All 😨
(Was: #19) |
0.3 | -76,059 | -100.0% |
CLOSED
|
— | $— | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SSTK
SHUTTERSTOCK IN...
|
Communication Services | 0.00% | 0.35% |
Sold All 😨
(Was: #20) |
0.3 | -154,278 | -100.0% |
CLOSED
|
— | $— | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRBU
CARIBOU BIOSCIE...
|
Healthcare | 0.00% | 0.20% |
Sold All 😨
(Was: #24) |
0.3 | -775,055 | -100.0% |
CLOSED
|
— | $— | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ADVM
ADVERUM BIOTECH...
|
Healthcare | 0.00% | 0.18% |
Sold All 😨
(Was: #25) |
0.3 | -363,282 | -100.0% |
CLOSED
|
— | $— | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
PUT
SPDR INDEX SHS ...
|
—
|
PUT Option | 0.00% | 0.07% |
Sold All 😨
(Was: #30) |
0.3 | -10,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PUT
NVIDIA CORPORAT...
|
—
|
PUT Option | 0.00% | 0.06% |
Sold All 😨
(Was: #33) |
0.3 | -3,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
QDEL
QUIDELORTHO COR...
|
Healthcare | 0.00% | 0.06% |
Sold All 😨
(Was: #34) |
0.3 | -18,209 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AQST
AQUESTIVE THERA...
|
Healthcare | 0.00% | 0.06% |
Sold All 😨
(Was: #35) |
0.3 | -93,132 | -100.0% |
CLOSED
|
— | $— | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ETNB
89BIO INC
|
Unknown | 0.00% | 0.04% |
Sold All 😨
(Was: #39) |
0.3 | -26,903 | -100.0% |
CLOSED
|
— | $— | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ARWR
ARROWHEAD PHARM...
|
Healthcare | 0.00% | 0.04% |
Sold All 😨
(Was: #42) |
0.3 | -10,123 | -100.0% |
CLOSED
|
— | $— | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MITT
AG MTG INVT TR ...
|
Real Estate | 0.00% | 0.02% |
Sold All 😨
(Was: #45) |
0.3 | -30,728 | -100.0% |
CLOSED
|
— | $— | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MUX
MCEWEN INC.
|
Basic Materials | 0.00% | 0.02% |
Sold All 😨
(Was: #46) |
0.3 | -12,695 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BHVN
BIOHAVEN LTD
|
Healthcare | 0.00% | 0.02% |
Sold All 😨
(Was: #47) |
0.3 | -10,344 | -100.0% |
CLOSED
|
— | $— | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AKBA
AKEBIA THERAPEU...
|
Healthcare | 0.00% | 0.02% |
Sold All 😨
(Was: #49) |
0.3 | -50,210 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ODV
OSISKO DEVELOPM...
|
Basic Materials | 0.00% | 0.01% |
Sold All 😨
(Was: #53) |
0.3 | -21,133 | -100.0% |
CLOSED
|
— | $— | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 79 holdings