— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Pale Fire Capital SE

Q3 2025 · Filed 2025-11-13
Market Value
$910M
-4.9%
Holdings
64
-5
New Purchases
8
Added To
23
Closed
16
Reduced
12
Top 10 Concentration
90.0%
Turnover
37.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IAG 5.58% 1.01% +4.57% $51M
DOLE 12.68% 9.02% +3.66% $115M
BTG 27.20% 24.80% +2.40% $248M
NGD 4.90% 2.91% +1.99% $45M
TEVA 3.75% 1.84% +1.91% $34M
MLYS 2.22% 0.63% +1.59% $20M
IAUX 2.36% 1.33% +1.03% $22M
GAU 1.60% 0.80% +0.80% $15M
JCOM 1.68% 1.08% +0.60% $15M
KURA 0.59% 0.01% +0.58% $5M
NUVB 0.59% 0.02% +0.57% $5M
LQDA 0.60% 0.11% +0.49% $5M
TECX 0.45% 0.00% +0.45% $4M
ANGIV 2.44% 2.06% +0.38% $22M
GERN 0.34% 0.00% +0.34% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GRPN 26.12% 35.57% -9.46% $238M
HL 0.00% 4.65% -4.65% $0
PAAS 0.00% 1.93% -1.93% $0
SPPP 0.00% 1.44% -1.44% $0
MTCH 0.00% 1.34% -1.34% $0
CDE 0.00% 1.06% -1.06% $0
QURE 0.00% 0.77% -0.77% $0
INSW 0.39% 1.03% -0.64% $4M
AQST 0.06% 0.58% -0.52% $521K
OCUL 0.00% 0.51% -0.51% $0
BUR 0.00% 0.19% -0.19% $0
CIM 0.00% 0.16% -0.16% $0
QIPT 0.00% 0.09% -0.09% $0
TALO 0.00% 0.08% -0.08% $0
SCPH 0.00% 0.02% -0.02% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 5 $34M 3.8%
Mid Cap 16 $396M 43.5%
Small Cap 33 $474M 52.0%
Micro Cap 10 $6M 0.7%

Portfolio Analytics

Avg Market Cap
$3.3B
Median Market Cap
$1.1B
Avg P/E
29.0
Median P/E
14.9
Avg Dividend Yield
0.01%
Avg Beta
0.99
# Stocks
63
# ETFs / Funds
1

Top Holdings (64 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BTG 27.20% 50,015,909 $248M $4.95 $10M -15,745,000 -23.9%
2 GRPN 26.12% 10,181,070 $238M $23.35 -$103M
3 DOLE 12.68% 8,588,077 $115M $13.44 $29M +2,413,537 +39.1%
4 IAG 5.58% 3,930,998 $51M $12.93 $41M +2,609,930 +197.6%
5 NGD 4.90% 6,211,037 $45M $7.18 $17M +580,559 +10.3%
6 TEVA 3.75% 1,689,811 $34M $20.20 $17M +639,162 +60.8%
7 CGAU 2.75% 2,335,878 $25M $10.73 $65K -1,131,420 -32.6%
8 ANGIV 2.44% 1,368,478 $22M $16.26 $3M +75,961 +5.9%
9 IAUX 2.36% 22,518,159 $22M $0.96 $9M +1,254,503 +5.9%
10 MLYS 2.22% 532,407 $20M $37.92 $14M +85,781 +19.2%
11 JCOM 1.68% 401,825 $15M $38.10 $5M +58,940 +17.2%
12 GAU 1.60% 6,655,735 $15M $2.19 $7M +644,108 +10.7%
13 TNP 0.83% 340,619 $8M $22.22 $652K -19,814 -5.5%
14 ATAI 0.63% 1,080,768 $6M $5.29 -$65K -1,559,616 -59.1%
15 LQDA 0.60% 240,721 $5M $22.74 $4M +155,021 +180.9%
16 KURA 0.59% 607,790 $5M $8.85 $5M +587,690 +2923.8%
17 NUVB 0.59% 1,444,647 $5M $3.70 $5M +1,349,005 +1410.5%
18 TECX 0.45% 259,726 $4M $15.69 +259,726 NEW
19 INSW 0.39% 76,059 $4M $46.08 -$6M -193,074 -71.7%
20 SSTK 0.35% 154,278 $3M $20.85 $292K
21 GERN 0.34% 2,281,754 $3M $1.37 +2,281,754 NEW
22 RGNX 0.27% 255,601 $2M $9.65 $2M +227,755 +817.9%
23 DAWN 0.23% 302,467 $2M $7.05 $2M +267,624 +768.1%
24 CRBU 0.20% 775,055 $2M $2.33 $829K
25 DERM 0.18% 228,567 $2M $7.12 $1M +196,109 +604.2%
26 BIGC 0.16% 298,631 $1M $4.99 +298,631 NEW
27 CYBN 0.10% 153,505 $904K $5.89 -$42K +40,700 +36.1%
28 AGRO 0.07% 84,637 $664K $7.84 -$110K
29 XFOR 0.07% 180,851 $619K $3.42 $504K +120,800 +201.2%
30 HRTX 0.07% 471,190 $594K $1.26 +471,190 NEW
31 QDEL 0.06% 18,209 $536K $29.45 +18,209 NEW
32 AQST 0.06% 93,132 $521K $5.59 -$5M -1,583,319 -94.4%
33 LNDC 0.05% 64,620 $476K $7.36 $226K +33,934 +110.6%
34 PESI 0.05% 45,270 $457K $10.10 $187K +19,581 +76.2%
35 TARS 0.05% 7,075 $420K $59.43 +7,075 NEW
36 ETNB 0.04% 26,903 $395K $14.70 $134K +325 +1.2%
37 RZLT 0.04% 41,922 $394K $9.40 $175K -7,200 -14.7%
38 HROW 0.04% 8,093 $390K $48.18 $125K -590 -6.8%
39 ARWR 0.04% 10,123 $349K $34.49 $135K -3,448 -25.4%
40 IMTX 0.03% 34,270 $292K $8.52 $108K
41 LXEO 0.02% 33,650 $223K $6.64 $112K +6,000 +21.7%
42 MITT 0.02% 30,728 $222K $7.24 -$164K -20,474 -40.0%
43 MUX 0.02% 12,695 $217K $17.10 $98K +345 +2.8%
44 LRMR 0.02% 45,218 $146K $3.23 $38K +7,700 +20.5%
45 AKBA 0.02% 50,210 $137K $2.73 +50,210 NEW
46 CGEM 0.01% 14,615 $87K $5.93 +14,615 NEW
47 ODV 0.01% 21,133 $72K $3.39 -$33K -27,932 -56.9%
48 NEWP 0.01% 25,978 $70K $2.71 -$20K -41,652 -61.6%
49 OCUL —% -$5M -530,135 -100.0% SOLD
50 CELC —% -$213K -15,940 -100.0% SOLD
51 SPPP —% -$14M -1,172,523 -100.0% SOLD
52 QIPT —% -$824K -460,303 -100.0% SOLD
53 SCPH —% -$218K -57,128 -100.0% SOLD
54 ASPI —% -$76K -10,300 -100.0% SOLD
55 PAAS —% -$18M -649,493 -100.0% SOLD
56 NE —% -$212K -8,000 -100.0% SOLD
57 HL —% -$45M -7,438,818 -100.0% SOLD
58 BUR —% -$2M -128,054 -100.0% SOLD
59 MTCH —% -$13M -416,533 -100.0% SOLD
60 CIM —% -$1M -107,708 -100.0% SOLD
61 TALO —% -$746K -87,994 -100.0% SOLD
62 RARE —% -$204K -5,600 -100.0% SOLD
63 QURE —% -$7M -529,798 -100.0% SOLD
64 CDE —% -$10M -1,146,022 -100.0% SOLD

New Positions

SymbolValue% Port
TECX $4M 0.45%
GERN $3M 0.34%
BIGC $1M 0.16%
HRTX $594K 0.07%
QDEL $536K 0.06%
TARS $420K 0.05%
AKBA $137K 0.02%
CGEM $87K 0.01%

Sold Out Positions

SymbolValue% Port
CDE —%
TALO —%
CIM —%
PAAS —%
HL —%
NE —%
CELC —%
ASPI —%
MTCH —%
SPPP —%
OCUL —%
RARE —%
BUR —%
QURE —%
QIPT —%
View SEC EDGAR Filings for Pale Fire Capital SE →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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