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Pale Fire Capital SE

Q2 2025 · Filed 2025-08-13
Market Value
$957M
+40.3%
Holdings
69
+9
New Purchases
14
Added To
23
Closed
13
Reduced
11
Top 10 Concentration
86.8%
Turnover
39.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GRPN 35.57% 28.01% +7.57% $341M
TEVA 1.84% 0.00% +1.84% $18M
SPPP 1.44% 0.00% +1.44% $14M
MTCH 1.34% 0.00% +1.34% $13M
ANGIV 2.06% 1.02% +1.04% $20M
IAG 1.01% 0.00% +1.01% $10M
BUR 0.19% 0.00% +0.19% $2M
GAU 0.80% 0.65% +0.14% $8M
LQDA 0.11% 0.00% +0.11% $1M
ATAI 0.60% 0.52% +0.09% $6M
SSTK 0.31% 0.22% +0.09% $3M
AGRO 0.08% 0.00% +0.08% $774K
QURE 0.77% 0.72% +0.05% $7M
OCUL 0.51% 0.47% +0.04% $5M
LNDC 0.03% 0.00% +0.03% $249K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DOLE 9.02% 13.28% -4.25% $86M
CDE 1.06% 4.27% -3.21% $10M
BTG 24.80% 27.08% -2.28% $237M
HL 4.65% 6.06% -1.41% $45M
CGAU 2.61% 3.23% -0.62% $25M
NGD 2.91% 3.51% -0.59% $28M
PAAS 1.93% 2.46% -0.53% $18M
INSW 1.03% 1.35% -0.32% $10M
UBER 0.00% 0.32% -0.32% $0
MLYS 0.63% 0.93% -0.30% $6M
JCOM 1.08% 1.37% -0.29% $10M
CIM 0.16% 0.39% -0.23% $1M
NMM 0.00% 0.20% -0.20% $0
TNP 0.72% 0.88% -0.16% $7M
IAUX 1.33% 1.45% -0.12% $13M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 6 $91M 9.5%
Mid Cap 19 $337M 35.2%
Small Cap 33 $526M 55.0%
Micro Cap 11 $3M 0.3%

Portfolio Analytics

Avg Market Cap
$5.5B
Median Market Cap
$1.3B
Avg P/E
26.4
Median P/E
14.9
Avg Dividend Yield
0.01%
Avg Beta
1.12
# Stocks
68
# ETFs / Funds
1

Top Holdings (69 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GRPN 35.57% 10,181,070 $341M $33.45 $149M
2 BTG 24.80% 65,760,909 $237M $3.61 $53M +922,500 +1.4%
3 DOLE 9.02% 6,174,540 $86M $13.99 -$4M -95,399 -1.5%
4 HL 4.65% 7,438,818 $45M $5.99 $3M
5 NGD 2.91% 5,630,478 $28M $4.95 $4M -816,874 -12.7%
6 CGAU 2.61% 3,467,298 $25M $7.21 $3M
7 ANGIV 2.06% 1,292,517 $20M $15.26 $13M +840,136 +185.7%
8 PAAS 1.93% 649,493 $18M $28.40 $2M
9 TEVA 1.84% 1,050,649 $18M $16.76 +1,050,649 NEW
10 SPPP 1.44% 1,172,523 $14M $11.73 +1,172,523 NEW
11 MTCH 1.34% 416,533 $13M $30.89 +416,533 NEW
12 IAUX 1.33% 21,263,656 $13M $0.60 $3M +4,282,561 +25.2%
13 JCOM 1.08% 342,885 $10M $30.27 $1M +93,560 +37.5%
14 CDE 1.06% 1,146,022 $10M $8.86 -$19M -3,776,844 -76.7%
15 INSW 1.03% 269,133 $10M $36.48 $634K -7,493 -2.7%
16 IAG 1.01% 1,321,068 $10M $7.35 +1,321,068 NEW
17 GAU 0.80% 6,011,627 $8M $1.27 $3M +2,415,530 +67.2%
18 QURE 0.77% 529,798 $7M $13.94 $2M +67,439 +14.6%
19 TNP 0.72% 360,433 $7M $19.19 $894K +7,376 +2.1%
20 MLYS 0.63% 446,626 $6M $13.53 -$301K +47,128 +11.8%
21 ATAI 0.60% 2,640,384 $6M $2.19 $2M +47,800 +1.8%
22 AQST 0.58% 1,676,451 $6M $3.31 $2M +340,767 +25.5%
23 OCUL 0.51% 530,135 $5M $9.28 $2M +90,748 +20.6%
24 SSTK 0.31% 154,278 $3M $18.96 $1M +74,060 +92.3%
25 BUR 0.19% 128,054 $2M $14.26 +128,054 NEW
26 CIM 0.16% 107,708 $1M $13.87 -$1M -99,912 -48.1%
27 LQDA 0.11% 85,700 $1M $12.46 +85,700 NEW
28 CRBU 0.10% 775,055 $977K $1.26 $258K -11,667 -1.5%
29 CYBN 0.10% 112,805 $946K $8.39 $231K
30 QIPT 0.09% 460,303 $824K $1.79 $250K +213,807 +86.7%
31 AGRO 0.08% 84,637 $774K $9.14 +84,637 NEW
32 TALO 0.08% 87,994 $746K $8.48 -$257K -15,242 -14.8%
33 MITT 0.04% 51,202 $387K $7.55 $13K
34 PESI 0.03% 25,689 $270K $10.52 $197K +15,609 +154.8%
35 HROW 0.03% 8,683 $265K $30.54 $49K +550 +6.8%
36 ETNB 0.03% 26,578 $261K $9.82 $81K +1,800 +7.3%
37 LNDC 0.03% 30,686 $249K $8.12 +30,686 NEW
38 DERM 0.02% 32,458 $233K $7.18 $72K +5,184 +19.0%
39 RGNX 0.02% 27,846 $229K $8.21 $44K +2,000 +7.7%
40 DAWN 0.02% 34,843 $226K $6.50 -$25K +3,150 +9.9%
41 RZLT 0.02% 49,122 $219K $4.46 $82K +2,000 +4.2%
42 SCPH 0.02% 57,128 $218K $3.81 +57,128 NEW
43 ARWR 0.02% 13,571 $214K $15.80 $59K +1,350 +11.1%
44 CELC 0.02% 15,940 $213K $13.35 $34K -1,700 -9.6%
45 NE 0.02% 8,000 $212K $26.55 +8,000 NEW
46 RARE 0.02% 5,600 $204K $36.36 +5,600 NEW
47 NUVB 0.02% 95,642 $187K $1.95 $106K +50,000 +109.5%
48 IMTX 0.02% 34,270 $184K $5.38 $30K
49 MUX 0.01% 12,350 $119K $9.61 +12,350 NEW
50 KURA 0.01% 20,100 $116K $5.77 +20,100 NEW
51 XFOR 0.01% 60,051 $114K $1.90 +60,051 NEW
52 LXEO 0.01% 27,650 $111K $4.02 $46K +8,750 +46.3%
53 LRMR 0.01% 37,518 $108K $2.89 $28K
54 ODV 0.01% 49,065 $105K $2.14 $8K -16,200 -24.8%
55 NEWP 0.01% 67,630 $91K $1.34 $9K -5,800 -7.9%
56 ASPI 0.01% 10,300 $76K $7.36 $26K -400 -3.7%
57 TCRX —% -$66K -47,734 -100.0% SOLD
58 IOVA —% -$143K -42,897 -100.0% SOLD
59 NMM —% -$1M -34,011 -100.0% SOLD
60 URGN —% -$231K -20,893 -100.0% SOLD
61 TFPM.TO —% -$278K -14,520 -100.0% SOLD
62 BMBL —% -$43K -10,000 -100.0% SOLD
63 COUR —% -$67K -10,000 -100.0% SOLD
64 ADAMH —% -$177K -27,301 -100.0% SOLD
65 VERV —% -$158K -34,500 -100.0% SOLD
66 CLF —% -$82K -10,000 -100.0% SOLD
67 INZY —% -$401K -440,807 -100.0% SOLD
68 SGMT —% -$36K -10,989 -100.0% SOLD
69 UBER —% -$2M -30,000 -100.0% SOLD

New Positions

SymbolValue% Port
TEVA $18M 1.84%
SPPP $14M 1.44%
MTCH $13M 1.34%
IAG $10M 1.01%
BUR $2M 0.19%
LQDA $1M 0.11%
AGRO $774K 0.08%
LNDC $249K 0.03%
SCPH $218K 0.02%
NE $212K 0.02%
RARE $204K 0.02%
MUX $119K 0.01%
KURA $116K 0.01%
XFOR $114K 0.01%

Sold Out Positions

SymbolValue% Port
UBER —%
CLF —%
COUR —%
NMM —%
BMBL —%
IOVA —%
ADAMH —%
URGN —%
TFPM.TO —%
TCRX —%
SGMT —%
INZY —%
VERV —%
View SEC EDGAR Filings for Pale Fire Capital SE →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms