Pale Fire Capital SE
Pale Fire Capital SE reported 71 stocks worth $1.4B in its 13F filing for Q2 2026, filed Aug 13, 2026. Its largest holdings are GRPN (17.4%), BTG (17.2%) and ZD (9.9%). Compared with Q1 2026, the fund opened new positions in BABA, T and ORCL, added to COUR, PHR and LSPD, trimmed BTG, ZD and IAUX and sold out of BAX, PPLI and XFOR.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  GRPN Groupon Inc | $245M | 17.4% | 10.2M | No change | 8 of 8 | |
| 2 |  BTG B2GOLD Corp | $241M | 17.2% | 64.6M | −5.2M (−7%) | 8 of 8 | |
| 3 |  ZD Ziff Davis Inc | $139M | 9.9% | 2.7M | −123K (−4%) | 6 of 8 | |
| 4 |  DOLE Dole PLC | $129M | 9.2% | 9.4M | No change | 8 of 8 | |
| 5 |  COUR Coursera Inc | $115M | 8.2% | 20.4M | +9.9M (+94%) | 3 of 8 | |
| 6 |  PHR Phreesia Inc | $91.8M | 6.5% | 8.9M | +275K (+3%) | 2 of 8 | |
| 7 |  LSPD Lightspeed Commerce Inc | $60.6M | 4.3% | 5.8M | +249K (+5%) | 2 of 8 | |
| 8 |  BABA Alibaba Group Hldg Ltd F | $49.8M | 3.5% | 519K | New position | 1 of 8 | |
| 9 |  PTON Peloton Interactive Inc | $45.7M | 3.3% | 7.7M | +1.5M (+24%) | 2 of 8 | |
| 10 |  CARS Cars Com Inc | $43.8M | 3.1% | 4M | +52K (+1%) | 3 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 BAX Baxter Intl Inc | $26.6M | 1.6M |
UDEMY INC | $6M | 1.3M |
 PPLI Iac Inc | $2.2M | 54K |
 XFOR X4 Pharmaceuticals Inc | $692K | 168K |
 AGIO Agios Pharmaceuticals Inc | $462K | 14K |
🔒 Free account: see all 13.
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
 SPY Spdr S&P 500 ETF TR | Put | $8.3M | 11K | +11,100 |
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 13, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Pale Fire Capital SE 13F FAQ
What does Pale Fire Capital SE own?
Pale Fire Capital SE reported 71 stocks worth $1.4B in its 13F filing for Q2 2026, filed Aug 13, 2026. Its largest holdings are GRPN (17.4%), BTG (17.2%) and ZD (9.9%). The table above lists every position in the filing (the top 10 without an account).
What did Pale Fire Capital SE buy and sell in Q2 2026?
Compared with Q1 2026: 24 new positions, 19 added to, 12 trimmed and 13 sold out. New positions include BABA, T and ORCL. It sold all of BAX, PPLI and XFOR.
When will Pale Fire Capital SE file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Pale Fire Capital SE's portfolio worth?
The Q2 2026 filing reports $1.4B in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.