Pale Fire Capital Se
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$1.14B
Q ending 2026-03-31
Prior quarter
$1.49B
Q ending 2025-12-31
Change
-23.6% QoQ · +35.2% YoY
Positions
60
reported holdings
Largest positions
All 60 reported positions, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| B2Gold Corp | BTG | Shares | $315.9M | 69.7M |
| Dole Plc | Shares | $134.7M | 9.4M | |
| Groupon Inc | GRPN | Shares | $121.2M | 10.2M |
| Ziff Davis Inc | ZD | Shares | $116.8M | 2.8M |
| Phreesia Inc | PHR | Shares | $72.5M | 8.6M |
| Coursera Inc | COUR | Shares | $61.2M | 10.5M |
| Lightspeed Commerce Inc | LSPD | Shares | $49.5M | 5.5M |
| Cars Com Inc | CARS | Shares | $32.1M | 4.0M |
| I-80 Gold Corp | IAUX | Shares | $31.7M | 20.8M |
| Angi Inc | ANGI | Shares | $26.9M | 3.9M |
| Peloton Interactive Inc | PTON | Shares | $26.7M | 6.2M |
| Baxter Intl Inc | BAX | Shares | $26.6M | 1.6M |
| Teladoc Health Inc | TDOC | Shares | $18.5M | 3.4M |
| Liquidia Corporation | LQDA | Shares | $14.7M | 388K |
| Galiano Gold Inc | GAU | Shares | $10.0M | 4.0M |
| Mineralys Therapeutics Inc | MLYS | Shares | $9.9M | 366K |
| Commerce.Com Inc | CMRC | Shares | $7.9M | 3.0M |
| Geron Corp | GERN | Shares | $7.3M | 4.9M |
| Kura Oncology Inc | KURA | Shares | $7.0M | 857K |
| Weave Communications Inc | WEAV | Shares | $6.9M | 1.5M |
| Syndax Pharmaceuticals Inc | SNDX | Shares | $6.6M | 284K |
| Udemy Inc | 7WH | Shares | $6.0M | 1.3M |
| Regenxbio Inc | RGNX | Shares | $4.1M | 494K |
| Fractyl Health Inc | GUTS | Shares | $2.7M | 5.9M |
| Journey Med Corp | DERM | Shares | $2.3M | 482K |
| Heron Therapeutics Inc | HRTX | Shares | $2.2M | 2.7M |
| Iac Inc | PPLI | Shares | $2.2M | 54K |
| Sprout Social Inc | SPT | Shares | $2.0M | 344K |
| Sagimet Biosciences Inc | SGMT | Shares | $1.2M | 222K |
| Doubleverify Hldgs Inc | DV | Shares | $1.0M | 111K |
| Cybin Inc | HELP | Shares | $737K | 154K |
| X4 Pharmaceuticals Inc | XFOR | Shares | $692K | 168K |
| Perma-Fix Environmental Svcs | PESI | Shares | $520K | 49K |
| Agios Pharmaceuticals Inc | AGIO | Shares | $462K | 14K |
| Sm Energy Company | SM | Shares | $458K | 15K |
| Rapid7 Inc | RPD | Shares | $437K | 79K |
| Expensify Inc | EXFY | Shares | $418K | 481K |
| Kosmos Energy Ltd | KOS | Shares | $403K | 145K |
| Tarsus Pharmaceuticals Inc | TARS | Shares | $396K | 6K |
| Onity Group Inc | ONIT | Shares | $386K | 10K |
| Rigel Pharmaceuticals Inc | RIGL | Shares | $385K | 14K |
| Delcath Sys Inc | DCTH | Shares | $372K | 40K |
| Ultragenyx Pharmaceutical In | RARE | Shares | $346K | 17K |
| Abeona Therapeutics Inc | ABEO | Shares | $313K | 70K |
| Harrow Inc | HROW | Shares | $300K | 9K |
| Soleno Therapeutics Inc | SLNOEUR | Shares | $283K | 8K |
| Pelthos Therapeutics Inc | PTHS | Shares | $271K | 13K |
| Kaspi Kz Jsc | KSPI | Shares | $267K | 4K |
| Toast Inc | TOST | Shares | $265K | 10K |
| Marex Group Plc | Shares | $239K | 5K | |
| Relmada Therapeutics Inc | RLMD | Shares | $220K | 32K |
| Geopark Ltd | Shares | $204K | 22K | |
| Cullinan Therapeutics Inc | CGEM | Shares | $202K | 14K |
| Corbus Pharmaceuticals Hldgs | CRBP | Shares | $200K | 21K |
| Fulcrum Therapeutics Inc | FULC | Shares | $200K | 26K |
| Palisade Bio Inc | PALI | Shares | $195K | 111K |
| Northpointe Bancshares Inc. | NPB | Shares | $177K | 10K |
| Grace Therapeutics Inc | GRCE | Shares | $175K | 38K |
| Engene Holdings Inc | Shares | $163K | 24K | |
| Immatics N.V | Shares | $160K | 16K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.