PFCS
NGD

Pale Fire Capital SE’s New Gold Inc NGD Stock Holding History

Pale Fire Capital SE’s Portfolio NGD Stock Details NGD Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-6,211,037
Closed -$44.6M – 72
2025
Q3 		$44.6M Buy
6,211,037
+580,559
+10% +$3.14M 4.88% 5
2025
Q2 		$27.9M Sell
5,630,478
-816,874
-13% -$3.36M 2.86% 5
2025
Q1 		$23.9M Buy
+6,447,352
New +$19.1M 2.84% 7

Other funds holding NGD

VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
Arrowstreet Capital
Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return
CM
Condire Management Dallas, Texas $1.03B AUM 162.78% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
American Century Companies
American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return
Renaissance Technologies
Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return
Millennium Management
Millennium Management New York $240B AUM 35.51% 1-Year Est. Return
DKCM
Davidson Kempner Capital Management New York $7.33B AUM 56.47% 1-Year Est. Return
AA
AQR Arbitrage Greenwich, Connecticut $6.09B AUM 26.7% 1-Year Est. Return

Pale Fire Capital SE's NGD Position: Q4 2025 in Review

Pale Fire Capital SE sold out of New Gold Inc (NGD) in Q4 2025, closing a stake of 6,211,037 shares — an estimated $44.6M sold.

Pale Fire Capital SE first reported a position in NGD in Q1 2025 and held it in 3 quarters. The position peaked at $44.6M in Q3 2025. 324 funds tracked by Wall St. Rank hold NGD as of Q4 2025.

  • Pale Fire Capital SE reported no remaining New Gold Inc position as of Q4 2025 after selling out during the quarter.
  • Pale Fire Capital SE sold 6,211,037 New Gold Inc shares in Q4 2025, an estimated $44.6M.
  • Pale Fire Capital SE first reported a position in New Gold Inc in Q1 2025 and held it in 3 quarters.
  • Pale Fire Capital SE's New Gold Inc position peaked at $44.6M in Q3 2025.
  • 324 funds tracked by Wall St. Rank held New Gold Inc as of Q4 2025.

Based on Pale Fire Capital SE's 13F filing for Q4 2025, filed 13 Feb 2026.