Fund Holdings

Pale Fire Capital SE

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
B2GOLD CORP(BTG)39,311,60369,740,133+30,428,530177,295,330315,922,80327.76%+138,627,473
ZIFF DAVIS INC(ZD)1,209,9522,783,366+1,573,41442,529,813116,790,03710.26%+74,260,224
PHREESIA INC08,649,329+8,649,329072,481,3776.37%+72,481,377
COURSERA INC(COUR)010,511,603+10,511,603061,177,5295.38%+61,177,529
LIGHTSPEED COMMERCE INC(LSPD)05,524,591+5,524,591049,500,3354.35%+49,500,335
PELOTON INTERACTIVE INC(PTON)06,234,577+6,234,577026,746,3352.35%+26,746,335
CARS COM INC661,5013,956,618+3,295,1178,070,31232,127,7382.82%+24,057,426
MINERALYS THERAPEUTICS INC(MLYS)10,354365,626+355,272375,7479,904,8080.87%+9,529,061
WEAVE COMMUNICATIONS INC01,492,806+1,492,80606,896,7640.61%+6,896,764
UDEMY INC01,307,141+1,307,14106,038,9910.53%+6,038,991
TELADOC HEALTH INC(TDOC)1,944,2033,398,491+1,454,28813,609,42118,521,7761.63%+4,912,355
COMMERCE.COM INC748,9252,952,094+2,203,1693,085,5717,882,0910.69%+4,796,520
KURA ONCOLOGY INC(KURA)452,245857,474+405,2294,698,8266,971,2640.61%+2,272,438
SPROUT SOCIAL INC0343,841+343,84101,959,8940.17%+1,959,894
LIQUIDIA CORPORATION(LQDA)379,392388,377+8,98513,085,23014,657,3481.29%+1,572,118
I-80 GOLD CORP(IAUX)20,668,31520,843,056+174,74130,175,74031,681,4452.78%+1,505,705
DOUBLEVERIFY HLDGS INC(DV)0110,500+110,50001,049,7500.09%+1,049,750
GERON CORP(GERN)4,788,5944,888,304+99,7106,320,9447,283,5730.64%+962,629
SYNDAX PHARMACEUTICALS INC(SNDX)284,460284,46005,976,5056,644,9860.58%+668,481
SM ENERGY COMPANY(SM)014,700+14,7000458,3460.04%+458,346
RAPID7 INC079,249+79,2490436,6620.04%+436,662
EXPENSIFY INC0481,051+481,0510418,4660.04%+418,466
KOSMOS ENERGY LTD(KOS)0145,000+145,0000403,1000.04%+403,100
RIGEL PHARMACEUTICALS INC014,252+14,2520385,3740.03%+385,374
SOLENO THERAPEUTICS INC08,450+8,4500282,9060.02%+282,906
KASPI KZ JSC(KSPI)03,600+3,6000266,6520.02%+266,652
TOAST INC(TOST)010,000+10,0000265,1000.02%+265,100
HERON THERAPEUTICS INC1,469,6552,716,328+1,246,6731,910,5522,173,3340.19%+262,782
MAREX GROUP PLC(MRX)05,368+5,3680239,3050.02%+239,305
GEOPARK LTD021,500+21,5000204,2500.02%+204,250
FULCRUM THERAPEUTICS INC026,100+26,1000200,1870.02%+200,187
TARSUS PHARMACEUTICALS INC(TARS)2,4525,652+3,200200,770396,4880.03%+195,718
NORTHPOINTE BANCSHARES INC.010,258+10,2580177,0530.02%+177,053
GRACE THERAPEUTICS INC037,762+37,7620174,8380.02%+174,838
AGIOS PHARMACEUTICALS INC(AGIO)11,85013,650+1,800322,557461,7800.04%+139,223
ULTRAGENYX PHARMACEUTICAL IN(RARE)10,21116,514+6,303234,853345,9680.03%+111,115
ONITY GROUP INC6,8339,833+3,000312,883386,1420.03%+73,259
CORBUS PHARMACEUTICALS HLDGS18,65021,350+2,700151,811200,4770.02%+48,666
PALISADE BIO INC70,710111,410+40,700166,169194,9680.02%+28,799
X4 PHARMACEUTICALS INC167,590167,5900670,360692,1470.06%+21,787
PELTHOS THERAPEUTICS INC8,10012,919+4,819251,100271,4280.02%+20,328
RELMADA THERAPEUTICS INC44,55031,650-12,900215,177220,2840.02%+5,107
CULLINAN THERAPEUTICS INC(CGEM)19,31814,218-5,100199,941202,0380.02%+2,097
IMMATICS N.V(IMTX)16,27216,2720170,856160,1160.01%-10,740
PERMA-FIX ENVIRONMENTAL SVCS43,22048,626+5,406544,140519,8120.05%-24,328
DELCATH SYS INC40,08540,0850404,859371,9890.03%-32,870
ENGENE HOLDINGS INC
COM
24,00424,0040216,756163,4670.01%-53,289
REZOLUTE INC33,5190-33,51979,1050-79,105
NEW PAC METALS CORP28,4770-28,47799,9540-99,954
NOVOCURE LTD(NVCR)10,7230-10,723138,6480-138,648
SAGIMET BIOSCIENCES INC221,875221,87501,313,5001,159,2970.10%-154,203
LARIMAR THERAPEUTICS INC45,2180-45,218172,2810-172,281
ATAI BECKLEY NV45,8110-45,811187,3670-187,367
ANNEXON INC(ANNX)38,6000-38,600193,7720-193,772
VIZSLA SILVER CORP(VZLA)38,2010-38,201208,9590-208,959
LEXEO THERAPEUTICS INC22,3020-22,302221,4590-221,459
HARROW INC(HROW)11,7858,515-3,270577,465300,2390.03%-277,226
CRITEO S A(CRTO)18,0970-18,097372,9790-372,979
CYBIN INC153,505153,50501,255,671736,8240.06%-518,847
LIFECORE BIOMEDICAL INC71,0400-71,040581,1070-581,107
ABEONA THERAPEUTICS INC174,70569,845-104,860920,695312,9060.03%-607,789
ADECOAGRO S A
COM
84,6370-84,637671,1710-671,171
ANGI INC2,152,9193,930,416+1,777,49727,837,24326,923,3502.37%-913,893
JOURNEY MED CORP444,642481,987+37,3453,428,1902,260,5190.20%-1,167,671
IAC INC(PPLI)96,50754,281-42,2263,773,4242,172,8680.19%-1,600,556
NVIDIA CORPORATION(NVDA)(Put)11,0000-11,0002,051,5000-2,051,500
REGENXBIO INC499,526493,726-5,8007,193,1744,137,4240.36%-3,055,750
WIX COM LTD
SHS
31,0000-31,0003,220,5900-3,220,590
ISHARES TR(Put)19,6000-19,6003,307,8920-3,307,892
FRACTYL HEALTH INC3,209,9425,921,045+2,711,1037,061,8722,710,6540.24%-4,351,218
DAY ONE BIOPHARMACEUTICALS I
COM
544,0630-544,0635,070,6670-5,070,667
TECTONIC THERAPEUTIC INC261,0260-261,0265,445,0020-5,445,002
DOLE PLC(DOLE)9,372,7769,427,476+54,700140,497,912134,718,63211.84%-5,779,280
TSAKOS ENERGY NAVIGATION LTD(TEN)295,9090-295,9096,634,2800-6,634,280
CENTERRA GOLD INC(CGAU)591,2220-591,2228,495,8600-8,495,860
GALIANO GOLD INC7,914,4094,000,000-3,914,40920,023,45510,040,0000.88%-9,983,455
BAXTER INTL INC2,074,0161,582,743-491,27339,634,44626,590,0822.34%-13,044,364
GROUPON INC(GRPN)10,181,07010,181,0700179,288,643121,154,73310.65%-58,133,910
ROBINHOOD MKTS INC(HOOD)(Put)1,656,0000-1,656,000187,293,6000-187,293,600
TESLA INC(TSLA)(Put)520,0000-520,000233,854,4000-233,854,400
COINBASE GLOBAL INC(COIN)(Put)1,271,8000-1,271,800287,604,8520-287,604,852
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