Fir Tree Capital Management’s American Capital Ltd ACAS Stock Holding History

Fir Tree Capital Management’s Portfolio ACAS Stock Details ACAS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-4,797,009	Closed	-$66.2M	–	80
2015 Q4	$66.2M	Sell	4,797,009 -7,257,960	-60%	-$99.2M	1.17%	26
2015 Q3	$147M	Buy	12,054,969 +173,167	+1%	+$2.32M	2.46%	16
2015 Q2	$161M	Sell	11,881,802 -903,856	-7%	-$13.1M	2.56%	17
2015 Q1	$189M	Buy	12,785,658 +780,000	+6%	+$11.4M	2.7%	19
2014 Q4	$175M	Sell	12,005,658 -276,000	-2%	-$4.03M	1.83%	25
2014 Q3	$174M	Buy	12,281,658 +1,000,000	+9%	+$15.3M	1.95%	25
2014 Q2	$172M	Buy	11,281,658 +2,027,244	+22%	+$30.3M	1.87%	23
2014 Q1	$146M	Buy	9,254,414 +6,382,614	+222%	+$98.4M	1.64%	24
2013 Q4	$44.9M	Buy	+2,871,800	New	+$41.6M	0.51%	43

Other funds holding ACAS

Elliott Management New York $11.8B AUM 20.29% 1-Year Est. Return

BlackRock Advisors Wilmington, Delaware $98.8B AUM 15.8% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

PRCM

Pine River Capital Management Minnetonka, Minnesota $32.9M AUM 4.47% 1-Year Est. Return

BlackRock Group London, United Kingdom $210B AUM 15.5% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

RCM

Rivernorth Capital Management West Palm Beach, Florida $2B AUM 0.66% 1-Year Est. Return

Brown Advisory Baltimore, Maryland $60.9B AUM 15.24% 1-Year Est. Return

Fir Tree Capital Management's ACAS Position: Q1 2016 in Review

Fir Tree Capital Management sold out of American Capital Ltd (ACAS) in Q1 2016, closing a stake of 4,797,009 shares — an estimated $66.2M sold.

Fir Tree Capital Management first reported a position in ACAS in Q4 2013 and held it in 9 quarters. The position peaked at $189M in Q1 2015. 223 funds tracked by Wall St. Rank hold ACAS as of Q1 2016.

Fir Tree Capital Management reported no remaining American Capital Ltd position as of Q1 2016 after selling out during the quarter.
Fir Tree Capital Management sold 4,797,009 American Capital Ltd shares in Q1 2016, an estimated $66.2M.
Fir Tree Capital Management first reported a position in American Capital Ltd in Q4 2013 and held it in 9 quarters.
Fir Tree Capital Management's American Capital Ltd position peaked at $189M in Q1 2015.
223 funds tracked by Wall St. Rank held American Capital Ltd as of Q1 2016.

Based on Fir Tree Capital Management's 13F filing for Q1 2016, filed 16 May 2016.