We are live on ! Find out more
PFCS

Pale Fire Capital SE Portfolio holdings

AUM $1.14B
1-Year Est. Return 42.87%
This Fund
S&P 500
This Quarter Est. Return
+23.87%
1 Year Est. Return
+42.87%
3 Year Est. Return
+176.09%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$842M
AUM Growth
+$401M
Cap. Flow
+$298M
Cap. Flow %
35.36%
Top 10 Hldgs %
89.91%
Holding
70
New
19
Increased
27
Reduced
11
Closed
8

Top Buys

Rank Stock Value
1
B
Barrick Mining
B
+$131M
2
HL icon
Hecla Mining
HL
+$41.3M
3
BTG icon
B2Gold
BTG
+$33.3M
4
CDE icon
Coeur Mining
CDE
+$30.4M
5
NGD
New Gold Inc
NGD
+$19.1M

Top Sells

Rank Stock Value
1
INSW icon
International Seaways
INSW
+$8.81M
2
TEN
Tsakos Energy Navigation Ltd
TEN
+$2.2M
3
NMM icon
Navios Maritime Partners
NMM
+$2.12M
4
QURE icon
uniQure
QURE
+$1.66M
5
SSTK icon
Shutterstock
SSTK
+$1.2M

Sector Composition

Rank Sector Weight
1 Materials 56.89%
2 Communication Services 24.83%
3 Consumer Staples 10.77%
4 Healthcare 3.44%
5 Energy 1.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GRPN icon
1
Groupon
GRPN
$980M
$191M 22.71%
10,181,070
– –
BTG icon
2
B2Gold
BTG
$5.16B
$185M 21.96%
64,838,409
+12,419,383
+24% +$33.3M
B
3
Barrick Mining
B
$62.2B
$146M 17.32%
+7,498,976
New +$131M
DOLE icon
4
Dole
DOLE
$1.35B
$90.6M 10.77%
6,269,939
+71,299
+1% +$985K
HL icon
5
Hecla Mining
HL
$10.2B
$41.4M 4.91%
+7,438,818
New +$41.3M
CDE icon
6
Coeur Mining
CDE
$15.6B
$29.1M 3.46%
+4,922,866
New +$30.4M
NGD
7
DELISTED
New Gold Inc
NGD
$23.9M 2.84%
+6,447,352
New +$19.1M
CGAU
8
Centerra Gold
CGAU
$3.22B
$22M 2.62%
3,467,298
+1,194,500
+53% +$7.3M
PAAS icon
9
Pan American Silver
PAAS
$18.6B
$16.8M 1.99%
+649,493
New +$15.5M
NVDA icon
10
PUT
NVIDIA
NVDA
$5.01T
$11.2M 1.33%
103,000
– –
IAUX
11
i-80 Gold Corp
IAUX
$1.17B
$9.88M 1.17%
16,981,095
+6,801,325
+67% +$4.4M
ZD icon
12
Ziff Davis
ZD
$1.9B
$9.37M 1.11%
+249,325
New +$12M
INSW icon
13
International Seaways
INSW
$4.57B
$9.18M 1.09%
276,626
-240,638
-47% -$8.81M
ANGI icon
14
Angi Inc
ANGI
$224M
$6.97M 0.83%
452,381
-11,821
-3% -$201K
MLYS icon
15
Mineralys Therapeutics
MLYS
$2.35B
$6.34M 0.75%
399,498
+262,601
+192% +$3.02M
TEN
16
Tsakos Energy Navigation Ltd
TEN
$1.19B
$6.02M 0.72%
353,057
-126,231
-26% -$2.2M
QURE icon
17
uniQure
QURE
$2.68B
$4.9M 0.58%
462,359
-118,349
-20% -$1.66M
GAU
18
Galiano Gold
GAU
$486M
$4.46M 0.53%
+3,596,097
New +$4.42M
AQST icon
19
Aquestive Therapeutics
AQST
$462M
$3.87M 0.46%
1,335,684
+809,928
+154% +$2.45M
ATAI icon
20
AtaiBeckley Inc
ATAI
$2.66B
$3.53M 0.42%
2,592,584
+2,095,182
+421% +$3.52M
OCUL icon
21
Ocular Therapeutix
OCUL
$1.86B
$3.22M 0.38%
439,387
-5,426
-1% -$41.7K
CIM
22
Chimera Investment
CIM
$1.05B
$2.66M 0.32%
207,620
+58,429
+39% +$821K
UBER icon
23
Uber
UBER
$134B
$2.19M 0.26%
+30,000
New +$2.16M
ADVM
24
DELISTED
Adverum Biotechnologies
ADVM
$1.61M 0.19%
368,267
+53,113
+17% +$239K
SSTK icon
25
Shutterstock
SSTK
$205M
$1.49M 0.18%
80,218
-46,933
-37% -$1.2M
1
2 3

Similar funds

RPC
Rossmore Private Capital Glastonbury, Connecticut $1.14B AUM 23.53% 1-Year Est. Return
WFAG
Wescott Financial Advisory Group Philadelphia, Pennsylvania $1.14B AUM 16.59% 1-Year Est. Return
ACM
Alua Capital Management New York $1.13B AUM 8.41% 1-Year Est. Return
SAM
SP Asset Management Cupertino, California $1.13B AUM 12.57% 1-Year Est. Return
HMCP
Hook Mill Capital Partners New York $1.13B AUM 31.32% 1-Year Est. Return
OHIF
Oriental Harbor Investment Fund Hong Kong $1.13B AUM 70.63% 1-Year Est. Return
WM
WS Management Jacksonville, Florida $1.13B AUM 53.44% 1-Year Est. Return
BBP
Banco BTG Pactual Rio De Janeiro, Brazil $1.14B AUM 41.39% 1-Year Est. Return

Pale Fire Capital SE's Q1 2025 Portfolio in Review

As of Q1 2025, Pale Fire Capital SE held 70 positions worth $842M, up 91% from $441M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Pale Fire Capital SE deployed $298M of net new capital in Q1 2025, opening 19 new positions and adding to 27 existing holdings. Its largest new stake was Barrick Mining: 7,498,976 shares worth $146M.

By sector, the portfolio is most concentrated in Materials at 57% of assets, up from 33% a quarter earlier, followed by Communication Services and Consumer Staples.

On the sell side, the largest reduction was International Seaways, an estimated $8.81M trimmed.

  • Pale Fire Capital SE's largest Q1 2025 buy was Barrick Mining: 7,498,976 shares worth $146M.
  • Pale Fire Capital SE added most to B2Gold in Q1 2025, an estimated $33.3M increase.
  • Pale Fire Capital SE's biggest Q1 2025 reduction was International Seaways, cutting an estimated $8.81M.
  • Pale Fire Capital SE fully exited Teladoc Health in Q1 2025, selling an estimated $1.01M.
  • Pale Fire Capital SE's ten largest holdings make up 90% of its $842M portfolio in Q1 2025.
  • Pale Fire Capital SE opened 19 new positions and closed 8 in Q1 2025.
  • Pale Fire Capital SE's portfolio value rose 91% quarter-over-quarter to $842M.

Based on Pale Fire Capital SE's 13F filing for Q1 2025, filed 14 May 2025.