Pale Fire Capital SE

Q3 2025 13F-HR Holdings

Location
Prague, 2N
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
54
Total value ($000)
$913,538
Net value change ($000)
-61,052 (-6.3%)
New positions
9
Sold out positions
16
Turnover %
14.1%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 8/13/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IAG 41,118 423.5%
DOLE 29,042 33.6%
NGD 16,724 60.0%
TEVA 16,525 93.8%
MLYS 14,146 234.1%
BTG 10,182 4.3%
IAUX 8,790 69.1%
GAU 6,941 90.9%
KURA 5,263 4537.1%
NUVB 5,158 2758.3%
Top Reduces (Value $000, Stocks/ETFs)
GRPN -102,829 -30.2%
HL -44,559 -100.0%
PAAS -18,446 -100.0%
SPPP -13,754 -100.0%
MTCH -12,867 -100.0%
CDE -10,154 -100.0%
QURE -7,385 -100.0%
INSW -6,313 -64.3%
AQST -5,028 -90.6%
OCUL -4,920 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,181 (0.1% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type