Fund HoldingsPale Fire Capital SE

Total Portfolio Value
$1.14B
Total Bought
$505.38M
Total Sold
$774.48M
Net Transaction
-$269.11M
Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
B2GOLD CORP(BTG)39,311,60369,740,133+30,428,530177,295315,92327.76%+138,627
ZIFF DAVIS INC(ZD)1,209,9522,783,366+1,573,41442,530116,79010.26%+74,260
PHREESIA INC08,649,329+8,649,329072,4816.37%+72,481
COURSERA INC(COUR)010,511,603+10,511,603061,1785.38%+61,178
LIGHTSPEED COMMERCE INC(LSPD)05,524,591+5,524,591049,5004.35%+49,500
PELOTON INTERACTIVE INC(PTON)06,234,577+6,234,577026,7462.35%+26,746
CARS COM INC661,5013,956,618+3,295,1178,07032,1282.82%+24,057
MINERALYS THERAPEUTICS INC(MLYS)10,354365,626+355,2723769,9050.87%+9,529
WEAVE COMMUNICATIONS INC01,492,806+1,492,80606,8970.61%+6,897
UDEMY INC01,307,141+1,307,14106,0390.53%+6,039
TELADOC HEALTH INC(TDOC)1,944,2033,398,491+1,454,28813,60918,5221.63%+4,912
COMMERCE.COM INC748,9252,952,094+2,203,1693,0867,8820.69%+4,797
KURA ONCOLOGY INC(KURA)452,245857,474+405,2294,6996,9710.61%+2,272
SPROUT SOCIAL INC0343,841+343,84101,9600.17%+1,960
LIQUIDIA CORPORATION(LQDA)379,392388,377+8,98513,08514,6571.29%+1,572
I-80 GOLD CORP(IAUX)20,668,31520,843,056+174,74130,17631,6812.78%+1,506
DOUBLEVERIFY HLDGS INC(DV)0110,500+110,50001,0500.09%+1,050
GERON CORP(GERN)4,788,5944,888,304+99,7106,3217,2840.64%+963
SYNDAX PHARMACEUTICALS INC(SNDX)284,460284,46005,9776,6450.58%+668
SM ENERGY COMPANY(SM)014,700+14,70004580.04%+458
RAPID7 INC079,249+79,24904370.04%+437
EXPENSIFY INC0481,051+481,05104180.04%+418
KOSMOS ENERGY LTD(KOS)0145,000+145,00004030.04%+403
RIGEL PHARMACEUTICALS INC014,252+14,25203850.03%+385
SOLENO THERAPEUTICS INC08,450+8,45002830.02%+283
KASPI KZ JSC(KSPI)03,600+3,60002670.02%+267
TOAST INC(TOST)010,000+10,00002650.02%+265
HERON THERAPEUTICS INC1,469,6552,716,328+1,246,6731,9112,1730.19%+263
MAREX GROUP PLC(MRX)05,368+5,36802390.02%+239
GEOPARK LTD021,500+21,50002040.02%+204
FULCRUM THERAPEUTICS INC026,100+26,10002000.02%+200
TARSUS PHARMACEUTICALS INC(TARS)2,4525,652+3,2002013960.03%+196
NORTHPOINTE BANCSHARES INC.010,258+10,25801770.02%+177
GRACE THERAPEUTICS INC037,762+37,76201750.02%+175
AGIOS PHARMACEUTICALS INC(AGIO)11,85013,650+1,8003234620.04%+139
ULTRAGENYX PHARMACEUTICAL IN(RARE)10,21116,514+6,3032353460.03%+111
ONITY GROUP INC6,8339,833+3,0003133860.03%+73
CORBUS PHARMACEUTICALS HLDGS18,65021,350+2,7001522000.02%+49
PALISADE BIO INC70,710111,410+40,7001661950.02%+29
X4 PHARMACEUTICALS INC167,590167,59006706920.06%+22
PELTHOS THERAPEUTICS INC8,10012,919+4,8192512710.02%+20
RELMADA THERAPEUTICS INC44,55031,650-12,9002152200.02%+5
CULLINAN THERAPEUTICS INC(CGEM)19,31814,218-5,1002002020.02%+2
IMMATICS N.V(IMTX)16,27216,27201711600.01%-11
PERMA-FIX ENVIRONMENTAL SVCS43,22048,626+5,4065445200.05%-24
DELCATH SYS INC40,08540,08504053720.03%-33
ENGENE HOLDINGS INC
COM
24,00424,00402171630.01%-53
REZOLUTE INC33,5190-33,519790-79
NEW PAC METALS CORP28,4770-28,4771000-100
NOVOCURE LTD(NVCR)10,7230-10,7231390-139
SAGIMET BIOSCIENCES INC221,875221,87501,3141,1590.10%-154
LARIMAR THERAPEUTICS INC45,2180-45,2181720-172
ATAI BECKLEY NV45,8110-45,8111870-187
ANNEXON INC(ANNX)38,6000-38,6001940-194
VIZSLA SILVER CORP(VZLA)38,2010-38,2012090-209
LEXEO THERAPEUTICS INC22,3020-22,3022210-221
HARROW INC(HROW)11,7858,515-3,2705773000.03%-277
CRITEO S A(CRTO)18,0970-18,0973730-373
CYBIN INC153,505153,50501,2567370.06%-519
LIFECORE BIOMEDICAL INC71,0400-71,0405810-581
ABEONA THERAPEUTICS INC174,70569,845-104,8609213130.03%-608
ADECOAGRO S A
COM
84,6370-84,6376710-671
ANGI INC2,152,9193,930,416+1,777,49727,83726,9232.37%-914
JOURNEY MED CORP444,642481,987+37,3453,4282,2610.20%-1,168
IAC INC(PPLI)96,50754,281-42,2263,7732,1730.19%-1,601
NVIDIA CORPORATION(NVDA)(Put)11,0000-11,0002,0520-2,051
REGENXBIO INC499,526493,726-5,8007,1934,1370.36%-3,056
WIX COM LTD
SHS
31,0000-31,0003,2210-3,221
ISHARES TR(Put)19,6000-19,6003,3080-3,308
FRACTYL HEALTH INC3,209,9425,921,045+2,711,1037,0622,7110.24%-4,351
DAY ONE BIOPHARMACEUTICALS I
COM
544,0630-544,0635,0710-5,071
TECTONIC THERAPEUTIC INC261,0260-261,0265,4450-5,445
DOLE PLC(DOLE)9,372,7769,427,476+54,700140,498134,71911.84%-5,779
TSAKOS ENERGY NAVIGATION LTD(TEN)295,9090-295,9096,6340-6,634
CENTERRA GOLD INC(CGAU)591,2220-591,2228,4960-8,496
GALIANO GOLD INC7,914,4094,000,000-3,914,40920,02310,0400.88%-9,983
BAXTER INTL INC2,074,0161,582,743-491,27339,63426,5902.34%-13,044
GROUPON INC(GRPN)10,181,07010,181,0700179,289121,15510.65%-58,134
ROBINHOOD MKTS INC(HOOD)(Put)1,656,0000-1,656,000187,2940-187,294
TESLA INC(TSLA)(Put)520,0000-520,000233,8540-233,854
COINBASE GLOBAL INC(COIN)(Put)1,271,8000-1,271,800287,6050-287,605
Page 1 of 1