Pale Fire Capital SE

Q4 2025 13F-HR Holdings

Location
Prague, 2N
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
60
Total value ($000)
$1,489,907
Net value change ($000)
+576,369 (63.1%)
New positions
20
Sold out positions
17
Turnover %
30.2%
Sector allocation + QoQ delta (equities-only)

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

Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
BAX 39,634 NEW
ZD 27,220 177.8%
DOLE 25,074 21.7%
TDOC 13,609 NEW
IAUX 8,662 40.3%
CARS 8,070 NEW
LQDA 7,611 139.0%
GUTS 7,062 NEW
SNDX 5,977 NEW
ANGI 5,586 25.1%
Top Reduces (Value $000, Stocks/ETFs)
BTG -70,284 -28.4%
GRPN -58,439 -24.6%
IAG -50,828 -100.0%
NGD -44,595 -100.0%
TEVA -34,134 -100.0%
MLYS -19,813 -98.1%
CGAU -16,568 -66.1%
ATAI -5,530 -96.7%
NUVB -5,345 -100.0%
INSW -3,505 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 714,113 (47.9% 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