Pale Fire Capital SE holds a concentrated book of 71 stocks worth $1.4B as of Q3 2026 (disclosed Aug 13, 2026, a ~0-day 13F lag). This quarter they opened Alibaba Group Holding-SP ADR and trimmed B2gold Corp. Their largest long position is Groupon Inc at 17% of the equity book. They also disclosed $8.3M in put options (a bearish bet), shown separately below and excluded from the equity book. Cloning the disclosed picks since 2025 would be +31% (+41.3%/yr). That is a simulation of the disclosed long book, not audited returns.
Growth of $10,000 cloning Pale Fire Capital SE's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~0 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.
Top-heavy: concentrated book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
100% mapped to company sectors
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices, no cost basis
Other tracked managers holding the same core names as Pale Fire Capital SE
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| UBS Group AG | 80 / 71 | $5.4B |
| MORGAN STANLEY | 79 / 71 | $12.6B |
| GOLDMAN SACHS GROUP INC | 78 / 71 | $6.6B |
| BlackRock, Inc. | 77 / 71 | $54.5B |
| BANK OF AMERICA CORP /DE/ | 76 / 71 | $8.8B |
| CITIGROUP INC | 76 / 71 | $1.8B |
| ROYAL BANK OF CANADA | 75 / 71 | $2.8B |
| STATE STREET CORP | 74 / 71 | $25.1B |
Ranked by how many of Pale Fire Capital SE's top 71 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.
Bars show each stock's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | Groupon Inc COM NEW | $245.0M | 10.18M | 17.4% | —Held | |
| 2 | B2gold Corp COM | $241.5M | 64.56M | 17.2% | ▼−7.4% Reduced · −5.2M sh | |
| 3 | Ziff Davis Inc COM | $139.3M | 2.66M | 9.9% | ▼−4.4% Reduced · −123K sh | |
| 4 | Dole PLC ORD SHS | $129.3M | 9.43M | 9.2% | —Held | |
| 5 | Coursera Inc COM | $115.2M | 20.43M | 8.2% | ▲+94% Added · +9.9M sh | |
| 6 | Phreesia Inc COM | $91.8M | 8.92M | 6.5% | ▲+3.2% Added · +275K sh | |
| 7 | Lightspeed Commerce Inc SUB VTG SHS | $60.6M | 5.77M | 4.3% | ▲+4.5% Added · +249K sh | |
| 8 | Alibaba Group Hldg Ltd SPONSORED ADS | $49.8M | 519.0K | 3.5% | ▲New New position | |
| 9 | Peloton Interactive Inc CL A COM | $45.7M | 7.73M | 3.2% | ▲+24% Added · +1.5M sh | |
| 10 | Cars Com Inc COM | $43.8M | 4.01M | 3.1% | ▲+1.3% Added · +52K sh | |
| 11 | I-80 Gold Corp COM | $27.1M | 18.81M | 1.9% | ▼−9.8% Reduced · −2.0M sh | |
| 12 | AT&T Inc COM | $23.6M | 1.14M | 1.7% | ▲New New position | |
| 13 | Angi Inc CL A NEW | $23.4M | 3.93M | 1.7% | —Held | |
| 14 | Teladoc Health Inc COM | $16.7M | 1.97M | 1.2% | ▼−42% Reduced · −1.4M sh | |
| 15 | Mineralys Therapeutics Inc COM | $16.6M | 614.3K | 1.2% | ▲+68% Added · +249K sh | |
| 16 | Oracle Corp COM | $14.9M | 102.0K | 1.1% | ▲New New position | |
| 17 | Cargurus Inc COM CL A | $13.1M | 384.6K | 0.9% | ▲New New position | |
| 18 | Godaddy Inc CL A | $10.8M | 127.2K | 0.8% | ▲New New position | |
| 19 | Nu Hldgs Ltd ORD SHS CL A | $9.8M | 736.0K | 0.7% | ▲New New position | |
| 20 | Galiano Gold Inc COM | $9.4M | 5.04M | 0.7% | ▲+26% Added · +1.0M sh | |
| 21 | Tencent Music Entmt Group SPON ADS | $9.1M | 1.09M | 0.7% | ▲New New position | |
| 22 | Commerce.com Inc COM SER 1 | $9.0M | 3.05M | 0.6% | ▲+3.5% Added · +103K sh | |
| 23 | Weave Communications Inc COM | $8.9M | 1.49M | 0.6% | —Held | |
| 24 | Geron Corp COM | $6.8M | 5.31M | 0.5% | ▲+8.6% Added · +419K sh | |
| 25 | Regenxbio Inc COM | $5.6M | 466.2K | 0.4% | ▼−5.6% Reduced · −28K sh | |
| 26 | Docusign Inc COM | $4.8M | 108.0K | 0.3% | ▲New New position | |
| 27 | Fractyl Health Inc COM | $4.0M | 5.00M | 0.3% | ▼−16% Reduced · −918K sh | |
| 28 | Journey Med Corp COM | $3.7M | 528.6K | 0.3% | ▲+9.7% Added · +47K sh | |
| 29 | Syndax Pharmaceuticals Inc COM | $2.7M | 125.5K | 0.2% | ▼−56% Reduced · −159K sh | |
| 30 | Sprout Social Inc COM CL A | $2.6M | 343.8K | 0.2% | —Held | |
| 31 | Integra Res Corp COM | $2.4M | 1.05M | 0.2% | ▲New New position | |
| 32 | Doubleverify Hldgs Inc COM | $2.4M | 220.3K | 0.2% | ▲+99% Added · +110K sh | |
| 33 | Sagimet Biosciences Inc COM SER A | $1.7M | 221.9K | 0.1% | —Held | |
| 34 | Heron Therapeutics Inc COM | $1.1M | 2.51M | 0.1% | ▼−7.5% Reduced · −205K sh | |
| 35 | Cybin Inc COM NEW | $1.0M | 153.5K | 0.1% | —Held | |
| 36 | Perma-Fix Environmental Svcs COM NEW | $795K | 55.6K | 0.1% | ▲+14% Added · +7K sh | |
| 37 | Rapid7 Inc COM | $642K | 79.2K | 0.0% | —Held | |
| 38 | Kura Oncology Inc COM | $621K | 56.6K | 0.0% | ▼−93% Reduced · −801K sh | |
| 39 | Tarsus Pharmaceuticals Inc COM | $617K | 9.8K | 0.0% | ▲+73% Added · +4K sh | |
| 40 | Geopark Ltd USD SHS | $576K | 63.3K | 0.0% | ▲+194% Added · +42K sh | |
| 41 | Rigel Pharmaceuticals Inc COM | $558K | 14.3K | 0.0% | —Held | |
| 42 | Ultragenyx Pharmaceutical In COM | $551K | 16.5K | 0.0% | —Held | |
| 43 | Phathom Pharmaceuticals Inc COM | $539K | 49.7K | 0.0% | ▲New New position | |
| 44 | Abeona Therapeutics Inc COM NEW | $506K | 81.9K | 0.0% | ▲+17% Added · +12K sh | |
| 45 | Delcath Sys Inc COM NEW | $505K | 40.1K | 0.0% | —Held | |
| 46 | Onity Group Inc COM NEW | $470K | 11.8K | 0.0% | ▲+20% Added · +2K sh | |
| 47 | SLM Corp COM | $449K | 17.3K | 0.0% | ▲New New position | |
| 48 | Harrow Inc COM | $447K | 10.5K | 0.0% | ▲+23% Added · +2K sh | |
| 49 | Tenet Healthcare Corp COM NEW | $374K | 2.0K | 0.0% | ▲New New position | |
| 50 | Global PMTS Inc COM | $366K | 5.0K | 0.0% | ▲New New position |
The public view is the crawlable proof. The same sourced dataset is available through REST and MCP for agents, research scripts, and back-office tools.
This fund page is the Follow view. The Build view lets your agent pull holdings, quarter changes, overlap, and source filings through API or MCP.
curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/1922318/holdings"
Use Arkolith to show Pale Fire Capital SE's latest holdings, largest changes, and filing provenance.
Put / call positions from the 13F — totals include every disclosed option leg
| Type | Underlying | Notional value | Underlying shares |
|---|---|---|---|
| PUT · bearish | SS SPDR S&P 500 ETF TRUST-USSPY | $8.3M | 11K |
13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above.
As-of date vs the date the SEC received each filing
Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.