2026 Q2 Portfolio Activity
In 2026 Q2, Pale Fire Capital SE maintained a portfolio of 85 distinct positions. The most significant new addition was ALIBABA GROUP HLDG LTD, now representing 3.52% of the total fund value. They heavily accumulated shares in COURSERA INC, increasing the position by 94.4%. Conversely, Pale Fire Capital SE completely exited their position in BAXTER INTL INC.
Position History
hover any row below to update
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Total Positions
85
Quarter
2026 Q2
Top Holding
GRPN (17.3%)
Top 10 Concentration
82.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 85
Pale Fire Capital SE Full Holdings List — 2026 Q2
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
GRPN
GROUPON INC
|
Communication Services | 17.32% | 10.65% |
#1
2
Prev: #3
|
7.0 |
—
|
no change | no change |
P
S
|
10,181,070 | $244,956,544 |
$10.18
+115.8%
|
2022 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | ||
|
BTG
B2GOLD CORP
|
Basic Materials | 17.07% | 27.76% |
#2
1
Prev: #1
|
6.0 |
—
|
-5,179,356 | -7.4% |
P
S
|
64,560,777 | $241,457,306 |
$3.15
+61.2%
|
2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | ||
|
ZD
ZIFF DAVIS INC
|
Communication Services | 9.85% | 10.26% |
#3
1
Prev: #4
|
5.4 |
—
|
-122,812 | -4.4% |
P
S
|
2,660,554 | $139,333,213 |
$39.12
+42.9%
|
2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | ||
|
DOLE
DOLE PLC
|
Consumer Defensive | 9.15% | 11.84% |
#4
2
Prev: #2
|
5.2 |
—
|
no change | no change |
P
S
|
9,427,476 | $129,344,971 | 2022 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
COUR
COURSERA INC
|
Consumer Defensive | 8.15% | 5.38% |
#5
1
Prev: #6
|
6.8 |
—
|
9,921,347 | 94.4% |
P
S
|
20,432,950 | $115,241,838 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
PHR
PHREESIA INC
|
Healthcare | 6.49% | 6.37% |
#6
1
Prev: #5
|
3.1 |
—
|
275,000 | 3.2% |
P
S
|
8,924,329 | $91,831,345 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
LSPD
LIGHTSPEED COMM...
|
Technology | 4.28% | 4.35% |
#7
Prev: #7
|
2.2 |
—
|
249,341 | 4.5% |
P
S
|
5,773,932 | $60,568,547 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
BABA
ALIBABA GROUP H...
|
Consumer Cyclical | 3.52% | — |
#8
Prev: #—
|
4.9 |
—
|
518,964 | — |
NEW
|
518,964 | $49,810,165 | 2023 Q3 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
PTON
PELOTON INTERAC...
|
Consumer Cyclical | 3.23% | 2.35% |
#9
2
Prev: #11
|
3.8 |
—
|
1,494,009 | 24.0% |
P
S
|
7,728,586 | $45,675,943 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
CARS
CARS COM INC
|
Communication Services | 3.10% | 2.82% |
#10
2
Prev: #8
|
1.7 |
—
|
51,600 | 1.3% |
P
S
|
4,008,218 | $43,849,905 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
IAUX
I-80 GOLD CORP
|
Basic Materials | 1.92% | 2.78% |
#11
2
Prev: #9
|
1.3 |
—
|
-2,033,477 | -9.8% |
P
S
|
18,809,579 | $27,085,794 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
T
AT&T INC
|
Communication Services | 1.67% | — |
#12
Prev: #—
|
4.2 |
—
|
1,140,000 | — |
NEW
|
1,140,000 | $23,598,000 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
ANGI
ANGI INC
|
Communication Services | 1.65% | 2.37% |
#13
3
Prev: #10
|
1.7 |
—
|
no change | no change |
P
S
|
3,930,416 | $23,385,975 | 2023 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
TDOC
TELADOC HEALTH ...
|
Healthcare | 1.18% | 1.63% |
#14
1
Prev: #13
|
0.5 |
—
|
-1,424,729 | -41.9% |
P
S
|
1,973,762 | $16,737,502 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
MLYS
MINERALYS THERA...
|
Healthcare | 1.17% | 0.87% |
#15
1
Prev: #16
|
3.5 |
—
|
248,658 | 68.0% |
P
S
|
614,284 | $16,573,382 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
ORCL
ORACLE CORP
|
Technology | 1.06% | — |
#16
Prev: #—
|
3.9 |
—
|
102,000 | — |
NEW
|
102,000 | $14,948,100 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
CARG
CARGURUS INC
|
Consumer Cyclical | 0.93% | — |
#17
Prev: #—
|
3.9 |
—
|
384,626 | — |
NEW
|
384,626 | $13,111,900 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
GDDY
GODADDY INC
|
Technology | 0.76% | — |
#18
Prev: #—
|
3.8 |
—
|
127,179 | — |
NEW
|
127,179 | $10,794,954 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
NU
NU HLDGS LTD
|
Financial Services | 0.70% | — |
#19
Prev: #—
|
3.8 |
—
|
735,954 | — |
NEW
|
735,954 | $9,832,345 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
GAU
GALIANO GOLD IN...
|
Basic Materials | 0.67% | 0.88% |
#20
5
Prev: #15
|
2.8 |
—
|
1,036,654 | 25.9% |
P
S
|
5,036,654 | $9,418,543 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
TME
TENCENT MUSIC E...
|
Communication Services | 0.65% | — |
#21
Prev: #—
|
3.8 |
—
|
1,094,729 | — |
NEW
|
1,094,729 | $9,140,987 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
BIGC
COMMERCE.COM IN...
|
Unknown | 0.64% | 0.69% |
#22
5
Prev: #17
|
0.8 |
—
|
102,796 | 3.5% |
P
S
|
3,054,890 | $9,042,474 | 2025 Q3 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
WEAV
WEAVE COMMUNICA...
|
Healthcare | 0.63% | 0.61% |
#23
3
Prev: #20
|
1.3 |
—
|
no change | no change |
P
S
|
1,492,806 | $8,941,908 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
SPY
PUT
STATE STR SPDR ...
|
PUT Option | 0.59% | — |
#24
Prev: #—
|
3.7 |
—
|
11,100 | — |
NEW
|
11,100 | $8,289,147 | 2023 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
GERN
GERON CORP
|
Healthcare | 0.48% | 0.64% |
#25
7
Prev: #18
|
2.2 |
—
|
418,900 | 8.6% |
P
S
|
5,307,204 | $6,793,221 | 2025 Q3 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
RGNX
REGENXBIO INC
|
Healthcare | 0.39% | 0.36% |
#26
3
Prev: #23
|
0.7 |
—
|
-27,517 | -5.6% |
P
S
|
466,209 | $5,585,184 | 2024 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
DOCU
DOCUSIGN INC
|
Technology | 0.34% | — |
#27
Prev: #—
|
3.6 |
—
|
108,000 | — |
NEW
|
108,000 | $4,797,360 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
GUTS
FRACTYL HEALTH ...
|
Healthcare | 0.28% | 0.24% |
#28
4
Prev: #24
|
0.6 |
—
|
-917,808 | -15.5% |
P
S
|
5,003,237 | $3,974,571 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
DERM
JOURNEY MED COR...
|
Healthcare | 0.26% | 0.20% |
#29
4
Prev: #25
|
2.1 |
—
|
46,597 | 9.7% |
P
S
|
528,584 | $3,742,375 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
SNDX
SYNDAX PHARMACE...
|
Healthcare | 0.19% | 0.58% |
#30
9
Prev: #21
|
0.1 |
—
|
-158,910 | -55.9% |
P
S
|
125,550 | $2,744,523 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
SPT
SPROUT SOCIAL I...
|
Technology | 0.18% | 0.17% |
#31
3
Prev: #28
|
1.1 |
—
|
no change | no change |
P
S
|
343,841 | $2,596,000 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
ITRG
INTEGRA RES COR...
|
Basic Materials | 0.17% | — |
#32
Prev: #—
|
3.6 |
—
|
1,054,986 | — |
NEW
|
1,054,986 | $2,394,818 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
DV
DOUBLEVERIFY HL...
|
Communication Services | 0.17% | 0.09% |
#33
3
Prev: #30
|
3.1 |
—
|
109,836 | 99.4% |
P
S
|
220,336 | $2,388,442 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
SGMT
SAGIMET BIOSCIE...
|
Healthcare | 0.12% | 0.10% |
#34
5
Prev: #29
|
1.0 |
—
|
no change | no change |
P
S
|
221,875 | $1,715,094 | 2024 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
HRTX
HERON THERAPEUT...
|
Healthcare | 0.08% | 0.19% |
#35
9
Prev: #26
|
0.5 |
—
|
-204,850 | -7.5% |
P
S
|
2,511,478 | $1,071,899 | 2025 Q3 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
CYBN
CYBIN INC
|
Unknown | 0.07% | 0.06% |
#36
5
Prev: #31
|
1.0 |
—
|
no change | no change |
P
S
|
153,505 | $1,014,668 | 2024 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
PESI
PERMA-FIX ENVIR...
|
Industrials | 0.06% | 0.05% |
#37
4
Prev: #33
|
2.0 |
—
|
7,001 | 14.4% |
P
S
|
55,627 | $794,910 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
RPD
RAPID7 INC
|
Technology | 0.05% | 0.04% |
#38
2
Prev: #36
|
1.0 |
—
|
no change | no change |
P
S
|
79,249 | $641,917 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
KURA
KURA ONCOLOGY I...
|
Healthcare | 0.04% | 0.61% |
#39
20
Prev: #19
|
0.0 |
—
|
-800,874 | -93.4% |
P
S
|
56,600 | $620,902 | 2023 Q3 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
TARS
TARSUS PHARMACE...
|
Healthcare | 0.04% | 0.03% |
#40
1
Prev: #39
|
3.0 |
—
|
4,150 | 73.4% |
P
S
|
9,802 | $616,938 | 2025 Q3 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
GPRK
GEOPARK LTD
|
Energy | 0.04% | 0.02% |
#41
11
Prev: #52
|
3.0 |
—
|
41,800 | 194.4% |
P
S
|
63,300 | $576,030 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
RIGL
RIGEL PHARMACEU...
|
Healthcare | 0.04% | 0.03% |
#42
1
Prev: #41
|
1.0 |
—
|
no change | no change |
P
S
|
14,252 | $557,538 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
RARE
ULTRAGENYX PHAR...
|
Healthcare | 0.04% | 0.03% |
#43
Prev: #43
|
1.0 |
—
|
no change | no change |
P
S
|
16,514 | $551,402 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
PHAT
PHATHOM PHARMAC...
|
Healthcare | 0.04% | — |
#44
Prev: #—
|
3.5 |
—
|
49,713 | — |
NEW
|
49,713 | $539,386 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
ABEO
ABEONA THERAPEU...
|
Healthcare | 0.04% | 0.03% |
#45
1
Prev: #44
|
2.0 |
—
|
12,100 | 17.3% |
P
S
|
81,945 | $506,420 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
DCTH
DELCATH SYS INC
|
Healthcare | 0.04% | 0.03% |
#46
4
Prev: #42
|
1.0 |
—
|
no change | no change |
P
S
|
40,085 | $504,670 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
ONIT
ONITY GROUP INC
|
Financial Services | 0.03% | 0.03% |
#47
7
Prev: #40
|
2.5 |
—
|
2,000 | 20.3% |
P
S
|
11,833 | $470,362 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
SLM
SLM CORP
|
Financial Services | 0.03% | — |
#48
Prev: #—
|
3.5 |
—
|
17,300 | — |
NEW
|
17,300 | $448,762 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
HROW
HARROW INC
|
Healthcare | 0.03% | 0.03% |
#49
4
Prev: #45
|
2.5 |
—
|
2,000 | 23.5% |
P
S
|
10,515 | $446,572 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-13 | |||
|
THC
TENET HEALTHCAR...
|
Healthcare | 0.03% | — |
#50
Prev: #—
|
3.5 |
—
|
2,000 | — |
NEW
|
2,000 | $374,160 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-13 |
Showing 1-50 of 85 holdings