Pale Fire Investments
Pale Fire Capital SE Actively Adjusts Portfolio, Adds Major Coursera Stake and Boosts Biotech Holdings
Anonymous
Key Points
1
In Fractyl Health, Pale Fire Capital SE’s stake climbed to 5,921,045 shares after adding 2,711,103, ranking Fractyl Health as Pale Fire’s 24th-largest holding and representing about 3.73% of Pale Fire’s Fractyl Health stake, with a disclosed value of roughly $2.71 million; Fractyl Health was trading within a 52-week range of $0.38–$2.44.
2
Galiano Gold (GAU) remains a meaningful, though reduced, position for Pale Fire, as the fund’s GAU stake is noted as its 15th-largest holding and about 66.82% of GAU’s stock is owned by institutional investors; GAU also opened at $1.86 with a 52-week low/high of $1.26/$3.62.
3
Pale Fire added to its Rapid7 position as a new stake of 79,249 shares, valued at approximately $437,000, making the Rapid7 stake about 0.12% of the company.
4
Pale Fire significantly expanded its exposure to Heron Therapeutics, increasing its position to 2,716,328 shares (an 84.8% rise), about 0.2% of the portfolio and a roughly $2.17 million holding; it is listed as the 26th-largest position.
5
In Coursera, Pale Fire built a new stake of 10,511,603 shares worth about $61.18 million, representing 5.2% of the portfolio and placing Coursera as Pale Fire’s 7th-largest holding; Pale Fire owned roughly 0.06% of Coursera at period-end.
Pale Fire Capital SE made a bold move into online education in the first quarter, buying 10,511,603 shares of Coursera, Inc. worth about $61.18 million, according to Watchlist News. The new position makes Coursera the fund's 7th-largest holding, representing 5.2% of Pale Fire's total portfolio.
The Coursera buy headlined a busy quarter of portfolio reshuffling. Pale Fire also added heavily to biotech names, opened a new tech position, and trimmed its gold exposure, according to Ticker Report.
Pale Fire's $61 Million Coursera Bet Stands Out
Pale Fire bought 10,511,603 Coursera shares in Q1, valued at roughly $61.18 million, per Watchlist News. That single position now makes up 5.2% of the fund's entire portfolio. Despite the large dollar amount, Pale Fire owns only about 0.06% of Coursera's total outstanding shares.
Coursera trades on the NYSE under the ticker COUR. The position vaults the online learning platform to No. 7 among all of Pale Fire's holdings. It is by far the largest new stake the fund opened during the quarter.
Biotech Holdings Jump With Heron and Fractyl Additions
Pale Fire nearly doubled its bet on Heron Therapeutics, boosting its stake by 84.8% to 2,716,328 shares. The position is now worth about $2.17 million and ranks as the fund's 26th-largest holding, per Ticker Report. Heron represents roughly 0.2% of Pale Fire's total portfolio.
Fractyl Health also saw a big increase. Pale Fire added 2,711,103 shares, lifting its total to 5,921,045 — an 84.5% jump. The stake is valued at about $2.71 million. Fractyl traded within a 52-week range of $0.38 to $2.44, making it a small, speculative position.
New Rapid7 Stake Signals Minor Tech Exposure
Pale Fire opened a new position in cybersecurity firm Rapid7, buying 79,249 shares for about $437,000, according to Watchlist News. The holding gives Pale Fire roughly 0.12% ownership of the company. It is a small stake but marks a new direction into enterprise security software.
Pale Fire Cuts Galiano Gold Stake by Half
Not every move was a buy. Pale Fire trimmed its Galiano Gold position by about 50%, cutting holdings down to 4 million shares. Galiano Gold still ranks as the fund's 15th-largest holding. Institutional investors own about 66.82% of Galiano's stock in total, per Ticker Report.
Galiano Gold opened at $1.86 per share and has traded between $1.26 and $3.62 over the past 52 weeks. Despite the trim, the position remains roughly 0.9% of Pale Fire's portfolio — a meaningful but shrinking slice of its gold exposure.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
Publishers
10
Articles
8
Reach
18
A
AnonymousAuthor
