Filed: 2/13/2026ACC: 0000921895-26-000378
📋 What this filing means
PALE FIRE CAPITAL SE filed this quarterly 13F‑HR report disclosing 60 equity positions with a total reported market value of $1.49B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
60
Positions
$1.49B
Total AUM (reported)
114.56M
Total Shares
Allocation by class
COM$627.30M42.1%
COM CL A$474.90M31.9%
COM NEW$200.70M13.5%
ORD SHS$140.64M9.4%
CL A NEW$27.84M1.9%
SHS$10.21M0.7%
S&P 100 ETF$3.31M0.2%
Portfolio Concentration
Top 3$708.75M47.6%
4–10$637.26M42.8%
11–25$118.89M8.0%
Rest$25.01M1.7%
Top 3 weight
47.6%
Top 10 weight
90.3%
Voting Authority Distribution
Total shares with voting rights: 114.56M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
114.56M
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other60
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings60
Rows:
COINBASE GLOBAL INC
DFNDShares1.27M
TypeSH
Market value$287.60M
19.30%
Sole
0.00
Shared
1.27M
None
0.00
TESLA INC
DFNDShares520K
TypeSH
Market value$233.85M
15.70%
Sole
0.00
Shared
520K
None
0.00
ROBINHOOD MKTS INC
DFNDShares1.66M
TypeSH
Market value$187.29M
12.57%
Sole
0.00
Shared
1.66M
None
0.00
GROUPON INC
DFNDShares10.18M
TypeSH
Market value$179.29M
12.03%
Sole
0.00
Shared
10.18M
None
0.00
B2GOLD CORP
DFNDShares39.31M
TypeSH
Market value$177.30M
11.90%
Sole
0.00
Shared
39.31M
None
0.00
DOLE PLC
DFNDShares9.37M
TypeSH
Market value$140.50M
9.43%
Sole
0.00
Shared
9.37M
None
0.00
ZIFF DAVIS INC
DFNDShares1.21M
TypeSH
Market value$42.53M
2.85%
Sole
0.00
Shared
1.21M
None
0.00
BAXTER INTL INC
DFNDShares2.07M
TypeSH
Market value$39.63M
2.66%
Sole
0.00
Shared
2.07M
None
0.00
I-80 GOLD CORP
DFNDShares20.67M
TypeSH
Market value$30.18M
2.03%
Sole
0.00
Shared
20.67M
None
0.00
ANGI INC
DFNDShares2.15M
TypeSH
Market value$27.84M
1.87%
Sole
0.00
Shared
2.15M
None
0.00
GALIANO GOLD INC
DFNDShares7.91M
TypeSH
Market value$20.02M
1.34%
Sole
0.00
Shared
7.91M
None
0.00
TELADOC HEALTH INC
DFNDShares1.94M
TypeSH
Market value$13.61M
0.91%
Sole
0.00
Shared
1.94M
None
0.00
LIQUIDIA CORPORATION
DFNDShares379.39K
TypeSH
Market value$13.09M
0.88%
Sole
0.00
Shared
379.39K
None
0.00
CENTERRA GOLD INC
DFNDShares591.22K
TypeSH
Market value$8.50M
0.57%
Sole
0.00
Shared
591.22K
None
0.00
CARS COM INC
DFNDShares661.50K
TypeSH
Market value$8.07M
0.54%
Sole
0.00
Shared
661.50K
None
0.00
REGENXBIO INC
DFNDShares499.53K
TypeSH
Market value$7.19M
0.48%
Sole
0.00
Shared
499.53K
None
0.00
FRACTYL HEALTH INC
DFNDShares3.21M
TypeSH
Market value$7.06M
0.47%
Sole
0.00
Shared
3.21M
None
0.00
TSAKOS ENERGY NAVIGATION LTD
DFNDShares295.91K
TypeSH
Market value$6.63M
0.45%
Sole
0.00
Shared
295.91K
None
0.00
GERON CORP
DFNDShares4.79M
TypeSH
Market value$6.32M
0.42%
Sole
0.00
Shared
4.79M
None
0.00
SYNDAX PHARMACEUTICALS INC
DFNDShares284.46K
TypeSH
Market value$5.98M
0.40%
Sole
0.00
Shared
284.46K
None
0.00
TECTONIC THERAPEUTIC INC
DFNDShares261.03K
TypeSH
Market value$5.45M
0.37%
Sole
0.00
Shared
261.03K
None
0.00
DAY ONE BIOPHARMACEUTICALS I
DFNDShares544.06K
TypeSH
Market value$5.07M
0.34%
Sole
0.00
Shared
544.06K
None
0.00
KURA ONCOLOGY INC
DFNDShares452.25K
TypeSH
Market value$4.70M
0.32%
Sole
0.00
Shared
452.25K
None
0.00
IAC INC
DFNDShares96.51K
TypeSH
Market value$3.77M
0.25%
Sole
0.00
Shared
96.51K
None
0.00
JOURNEY MED CORP
DFNDShares444.64K
TypeSH
Market value$3.43M
0.23%
Sole
0.00
Shared
444.64K
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
COINBASE GLOBAL INCDFND | COM CL A | 1.27M | SH | $287.60M 19.30% | 0.00 | 1.27M | 0.00 |
TESLA INCDFND | COM | 520K | SH | $233.85M 15.70% | 0.00 | 520K | 0.00 |
ROBINHOOD MKTS INCDFND | COM CL A | 1.66M | SH | $187.29M 12.57% | 0.00 | 1.66M | 0.00 |
GROUPON INCDFND | COM NEW | 10.18M | SH | $179.29M 12.03% | 0.00 | 10.18M | 0.00 |
B2GOLD CORPDFND | COM | 39.31M | SH | $177.30M 11.90% | 0.00 | 39.31M | 0.00 |
DOLE PLCDFND | ORD SHS | 9.37M | SH | $140.50M 9.43% | 0.00 | 9.37M | 0.00 |
ZIFF DAVIS INCDFND | COM | 1.21M | SH | $42.53M 2.85% | 0.00 | 1.21M | 0.00 |
BAXTER INTL INCDFND | COM | 2.07M | SH | $39.63M 2.66% | 0.00 | 2.07M | 0.00 |
I-80 GOLD CORPDFND | COM | 20.67M | SH | $30.18M 2.03% | 0.00 | 20.67M | 0.00 |
ANGI INCDFND | CL A NEW | 2.15M | SH | $27.84M 1.87% | 0.00 | 2.15M | 0.00 |
GALIANO GOLD INCDFND | COM | 7.91M | SH | $20.02M 1.34% | 0.00 | 7.91M | 0.00 |
TELADOC HEALTH INCDFND | COM | 1.94M | SH | $13.61M 0.91% | 0.00 | 1.94M | 0.00 |
LIQUIDIA CORPORATIONDFND | COM NEW | 379.39K | SH | $13.09M 0.88% | 0.00 | 379.39K | 0.00 |
CENTERRA GOLD INCDFND | COM | 591.22K | SH | $8.50M 0.57% | 0.00 | 591.22K | 0.00 |
CARS COM INCDFND | COM | 661.50K | SH | $8.07M 0.54% | 0.00 | 661.50K | 0.00 |
REGENXBIO INCDFND | COM | 499.53K | SH | $7.19M 0.48% | 0.00 | 499.53K | 0.00 |
FRACTYL HEALTH INCDFND | COM | 3.21M | SH | $7.06M 0.47% | 0.00 | 3.21M | 0.00 |
TSAKOS ENERGY NAVIGATION LTDDFND | SHS | 295.91K | SH | $6.63M 0.45% | 0.00 | 295.91K | 0.00 |
GERON CORPDFND | COM | 4.79M | SH | $6.32M 0.42% | 0.00 | 4.79M | 0.00 |
SYNDAX PHARMACEUTICALS INCDFND | COM | 284.46K | SH | $5.98M 0.40% | 0.00 | 284.46K | 0.00 |
TECTONIC THERAPEUTIC INCDFND | COM | 261.03K | SH | $5.45M 0.37% | 0.00 | 261.03K | 0.00 |
DAY ONE BIOPHARMACEUTICALS IDFND | COM | 544.06K | SH | $5.07M 0.34% | 0.00 | 544.06K | 0.00 |
KURA ONCOLOGY INCDFND | COM | 452.25K | SH | $4.70M 0.32% | 0.00 | 452.25K | 0.00 |
IAC INCDFND | COM NEW | 96.51K | SH | $3.77M 0.25% | 0.00 | 96.51K | 0.00 |
JOURNEY MED CORPDFND | COM | 444.64K | SH | $3.43M 0.23% | 0.00 | 444.64K | 0.00 |
Page 1 of 3