13F HOLDINGS REPORT
Pale Fire Capital SE
Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0000921895-25-002194
Total Value
$974.6M
Positions
60
Other Managers
3
Confidential Omitted
No
Holdings (60)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | GROUPON INC | GRPN | 10,181,070 | $340.6M | 34.94% |
| 2 | B2GOLD CORP | BTG | 65,760,909 | $237.4M | 24.36% |
| 3 | DOLE PLC | DOLE | 6,174,540 | $86.4M | 8.86% |
| 4 | HECLA MNG CO | 422704106 | 7,438,818 | $44.6M | 4.57% |
| 5 | NEW GOLD INC CDA | 644535106 | 5,630,478 | $27.9M | 2.86% |
| 6 | CENTERRA GOLD INC | CGAU | 3,467,298 | $25.0M | 2.57% |
| 7 | ANGI INC | ANGI | 1,292,517 | $19.7M | 2.02% |
| 8 | PAN AMERN SILVER CORP | 697900108 | 649,493 | $18.4M | 1.89% |
| 9 | TEVA PHARMACEUTICAL INDS LTD | 881624209 | 1,050,649 | $17.6M | 1.81% |
| 10 | NVIDIA CORPORATION | NVDA | 103,000 | $16.3M | 1.67% |
| 11 | SPROTT PHYSICAL PLAT PALLAD | SII | 1,172,523 | $13.8M | 1.41% |
| 12 | MATCH GROUP INC NEW | MTCH | 416,533 | $12.9M | 1.32% |
| 13 | I-80 GOLD CORP | IAUX-WT | 21,263,656 | $12.7M | 1.31% |
| 14 | ZIFF DAVIS INC | ZD | 342,885 | $10.4M | 1.06% |
| 15 | COEUR MNG INC | 192108504 | 1,146,022 | $10.2M | 1.04% |
| 16 | INTERNATIONAL SEAWAYS INC | INSW | 269,133 | $9.8M | 1.01% |
| 17 | IAMGOLD CORP | IAG | 1,321,068 | $9.7M | 1.00% |
| 18 | GALIANO GOLD INC | GAU | 6,011,627 | $7.6M | 0.78% |
| 19 | UNIQURE NV | QURE | 529,798 | $7.4M | 0.76% |
| 20 | TSAKOS ENERGY NAVIGATION LTD | TEN-PF | 360,433 | $6.9M | 0.71% |
| 21 | MINERALYS THERAPEUTICS INC | MLYS | 446,626 | $6.0M | 0.62% |
| 22 | ATAI LIFE SCIENCES NV | N0731H103 | 2,640,384 | $5.8M | 0.59% |
| 23 | AQUESTIVE THERAPEUTICS INC | AQST | 1,676,451 | $5.5M | 0.57% |
| 24 | OCULAR THERAPEUTIX INC | OCUL | 530,135 | $4.9M | 0.50% |
| 25 | SHUTTERSTOCK INC | SSTK | 154,278 | $2.9M | 0.30% |
| 26 | BURFORD CAP LTD | BUR | 128,054 | $1.8M | 0.19% |
| 27 | CHIMERA INVT CORP | 16934Q802 | 107,708 | $1.5M | 0.15% |
| 28 | LIQUIDIA CORPORATION | LQDA | 85,700 | $1.1M | 0.11% |
| 29 | CARIBOU BIOSCIENCES INC | CRBU | 775,055 | $976,569 | 0.10% |
| 30 | CYBIN INC | HELP | 112,805 | $946,434 | 0.10% |
| 31 | QUIPT HOME MEDICAL CORP | 74880P104 | 460,303 | $823,942 | 0.08% |
| 32 | ADECOAGRO S A | AGRO | 84,637 | $773,582 | 0.08% |
| 33 | ADVERUM BIOTECHNOLOGIES INC | 00773U207 | 358,724 | $771,257 | 0.08% |
| 34 | TALOS ENERGY INC | TALO | 87,994 | $746,189 | 0.08% |
| 35 | AG MTG INVT TR INC | TPGXL | 51,202 | $386,575 | 0.04% |
| 36 | PERMA-FIX ENVIRONMENTAL SVCS | 714157203 | 25,689 | $270,248 | 0.03% |
| 37 | HARROW INC | HROW | 8,683 | $265,179 | 0.03% |
| 38 | 89BIO INC | 282559103 | 26,578 | $260,996 | 0.03% |
| 39 | LIFECORE BIOMEDICAL INC | LFCR | 30,686 | $249,170 | 0.03% |
| 40 | JOURNEY MED CORP | DERM | 32,458 | $233,048 | 0.02% |
| 41 | REGENXBIO INC | RGNX | 27,846 | $228,616 | 0.02% |
| 42 | DAY ONE BIOPHARMACEUTICALS I | DAWN | 34,843 | $226,480 | 0.02% |
| 43 | REZOLUTE INC | RZLT | 49,122 | $219,084 | 0.02% |
| 44 | SCPHARMACEUTICALS INC | 810648105 | 57,128 | $217,658 | 0.02% |
| 45 | ARROWHEAD PHARMACEUTICALS IN | ARWR | 13,571 | $214,422 | 0.02% |
| 46 | CELCUITY INC | CELC | 15,940 | $212,799 | 0.02% |
| 47 | NOBLE CORP PLC | NE-WT | 8,000 | $212,400 | 0.02% |
| 48 | ULTRAGENYX PHARMACEUTICAL IN | RARE | 5,600 | $203,616 | 0.02% |
| 49 | NUVATION BIO INC | NUVB | 95,642 | $186,502 | 0.02% |
| 50 | IMMATICS N.V | IMTX | 34,270 | $184,373 | 0.02% |
| 51 | MCEWEN INC. | MUX | 12,350 | $118,684 | 0.01% |
| 52 | KURA ONCOLOGY INC | KURA | 20,100 | $115,977 | 0.01% |
| 53 | X4 PHARMACEUTICALS INC | XFOR | 60,051 | $114,097 | 0.01% |
| 54 | VIZSLA SILVER CORP | VZLA | 38,800 | $114,072 | 0.01% |
| 55 | LEXEO THERAPEUTICS INC | LXEO | 27,650 | $111,153 | 0.01% |
| 56 | LARIMAR THERAPEUTICS INC | LRMR | 37,518 | $108,427 | 0.01% |
| 57 | OSISKO DEVELOPMENT CORP | OSDVF | 49,065 | $104,999 | 0.01% |
| 58 | NEW PAC METALS CORP | 64782A107 | 67,630 | $90,624 | 0.01% |
| 59 | ASP ISOTOPES INC | ASPI | 10,300 | $75,808 | 0.01% |
| 60 | ENGENE HOLDINGS INC | ENGNW | 17,254 | $62,805 | 0.01% |