The activist's incremental buying at ~$13.06 signals continued conviction but no escalation in demands. Watch for any future 13D amendments adding specific strategic proposals or board nominations, which would mark a more aggressive phase.
Price Chart
Executive Summary
Pale Fire Capital SICAV a.s., an activist fund managed by Jan Barta and Dusan Senkypl, filed an amended Schedule 13D disclosing an increased beneficial ownership stake of 10.2% in Dole plc, up from a prior undisclosed level. The filing reports open-market purchases of 206,788 ordinary shares on October 9 and 12, 2026, at an average price of ~$13.06, for a total aggregate purchase cost of approximately $112 million. The activist group continues to hold a significant position but has not stated any new demands or changes in purpose.
Key Financial Metrics
Key Facts
- Pale Fire Capital SICAV a.s. now beneficially owns 9,634,264 ordinary shares of Dole plc, representing approximately 10.2% of shares outstanding.
- The aggregate purchase price for the entire stake is approximately $112,043,544.
- Recent open-market purchases: 201,088 shares on 10/09/2026 at $13.0504/share and 5,700 shares on 10/12/2026 at $13.2843/share.
- The filing amends Items 3, 5(a), 5(c), and 7 of the prior Schedule 13D but does not change the stated purpose or add new demands.
- The percentage is based on 94,458,807 shares outstanding as of July 29, 2026, per Dole's most recent 10-Q.
Financial Impact
Activist group holds ~10.2% stake with aggregate cost ~$112M; recent purchases of ~$2.7M at ~$13.06/share.
Risk Factors
- Activist may push for strategic changes (e.g., divestitures, capital returns) that could disrupt management's current plans.
- No new demands disclosed — uncertainty about the activist's ultimate objectives remains.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0000921895-26-002794 |
| Document: 0000921895-26-002794-index-headers.html | 0000921895-26-002794 |
| Document: 0000921895-26-002794-index.html | 0000921895-26-002794 |
| Document: 0000921895-26-002794.txt | 0000921895-26-002794 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | 8-K | $13.55 | awaiting T+5 | — | $13.44 (−0.81%) |
Oct 22, 2026 3d ago | Insider Buy | $13.52 | awaiting T+5 | — | $13.44 (−0.59%) |
Oct 14, 2026 11d ago | Insider Buy | $13.41 $13.52 | ▲ +0.82% | ▲ +1.83% | $13.44 (+0.22%) |
Oct 14, 2026 11d ago | SC 13D/A | $13.41 $13.52 | ▲ +0.82% | ▲ +1.83% | $13.44 (+0.22%) |
Aug 10, 2026 11w ago | 8-K | $12.98 $12.93 | ▲ +0.39% | ▲ +0.34% | $13.44 (−3.54%) |
May 11, 2026 24w ago | 8-K | $15.21 $14.24 | ▲ +6.38% | ▲ +6.29% | $13.44 (+11.64%) |
Apr 7, 2026 28w ago | 8-K | $15.13 $14.93 | ▼ −1.32% | ▼ −4.84% | $13.44 (−11.17%) |
Feb 25, 2026 34w ago | 8-K | $15.56 $15.36 | ▼ −1.28% | ▼ −0.18% | $13.44 (−13.62%) |
US Market Status
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