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Fir Tree Capital Management Portfolio holdings

AUM $21.8M
1-Year Est. Return 1.61%
This Fund
S&P 500
This Quarter Est. Return
+1.53%
1 Year Est. Return
-1.61%
3 Year Est. Return
+17.29%
5 Year Est. Return
+41.7%
10 Year Est. Return
+54.64%
AUM
$957M
AUM Growth
-$117M
Cap. Flow
-$152M
Cap. Flow %
-15.87%
Top 10 Hldgs %
22.76%
Holding
291
New
34
Increased
58
Reduced
63
Closed
69

Top Buys

Rank Stock Value
1
ODP
ODP
ODP
+$19.4M
2
PCG icon
PG&E
PCG
+$13.7M
3
FLD
Fold Holdings
FLD
+$10.4M
4
MNTN
Everest Consolidator Acquisition Corporation
MNTN
+$10.4M
5
PEGR
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
+$7.91M

Top Sells

Rank Stock Value
1
SPB icon
Spectrum Brands
SPB
+$21.5M
2
PSQH icon
PSQ Holdings
PSQH
+$15.9M
3
ATVI
Activision Blizzard
ATVI
+$14.8M
4
ARTE
Artemis Strategic Investment Corporation Class A Common Stock
ARTE
+$14M
5
MBSC
M3-Brigade Acquisition III Corp.
MBSC
+$10.2M

Sector Composition

Rank Sector Weight
1 Financials 55.97%
2 Technology 10.02%
3 Industrials 8.01%
4 Materials 4.01%
5 Consumer Discretionary 3.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSAI icon
226
MultiSensor AI
MSAI
$10.4M
– –
-8,906
Closed -$3.8M
PSQH icon
227
PSQ Holdings
PSQH
$14.7M
– –
-103,438
Closed -$15.9M
RDZN icon
228
Roadzen
RDZN
$103M
– –
-389,194
Closed -$4.15M
SPB icon
229
Spectrum Brands
SPB
$2.04B
– –
-275,000
Closed -$21.5M
SPWR icon
230
SunPower Inc
SPWR
$58.4M
– –
-944,162
Closed -$10M
SOC icon
231
Sable Offshore Corp
SOC
$953M
– –
-310,493
Closed -$3.19M
OKLO
232
Oklo
OKLO
$7.24B
– –
-367,642
Closed -$3.83M
XAGE
233
DELISTED
Longevity Health Holdings, Inc. Common Stock
XAGE
– –
-3,031
Closed -$938K
IPXXU
234
DELISTED
Inflection Point Acquisition Corp. II Unit
IPXXU
– –
-750,000
Closed -$7.59M
NKGN
235
DELISTED
NKGen Biotech, Inc. Common Stock
NKGN
– –
-549,428
Closed -$5.68M
GODNU
236
DELISTED
Golden Star Acquisition Corporation Unit
GODNU
– –
-100,000
Closed -$1.04M
THCP
237
DELISTED
Thunder Bridge Capital Partners IV, Inc. Class A Common Stock
THCP
– –
-840,734
Closed -$8.58M
INTE
238
DELISTED
Integral Acquisition Corporation 1 Class A Common Stock
INTE
– –
-269,444
Closed -$2.83M
APXIW
239
DELISTED
APx Acquisition Corp. I Warrant
APXIW
– –
-436,300
Closed -$31.9K
CCTS
240
DELISTED
Cactus Acquisition Corp. 1 Limited Class A Ordinary Share
CCTS
– –
-13,093
Closed -$139K
LCW
241
DELISTED
Learn CW Investment Corporation Class A Ordinary Shares
LCW
– –
-110,700
Closed -$1.16M
KCGI
242
DELISTED
Kensington Capital Acquisition Corp. V
KCGI
– –
-175,000
Closed -$1.85M
MACA
243
DELISTED
Moringa Acquisition Corp Class A Ordinary Shares
MACA
– –
-199,259
Closed -$2.1M
AONC
244
DELISTED
American Oncology Network, Inc. Class A Common Stock
AONC
– –
-125,000
Closed -$1.29M
PUCK
245
DELISTED
Goal Acquisitions Corp. Common Stock
PUCK
– –
-490,219
Closed -$5.09M
PEPL
246
DELISTED
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
– –
-120,000
Closed -$1.25M
NCAC
247
DELISTED
Newcourt Acquisition Corp Class A Ordinary Share
NCAC
– –
-145,300
Closed -$1.59M
ELIQ
248
DELISTED
Electriq Power Holdings, Inc.
ELIQ
– –
-447,101
Closed -$4.73M
BMAC
249
DELISTED
Black Mountain Acquisition Corp.
BMAC
– –
-473,832
Closed -$5.04M
FSRX
250
DELISTED
FinServ Acquisition Corp. II Class A Common Stock
FSRX
– –
-400,000
Closed -$4.09M
8 9
10
11 12

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Fir Tree Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Fir Tree Capital Management held 291 positions worth $957M, down 11% from $1.07B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Fir Tree Capital Management withdrew a net $152M in Q3 2023, closing 69 positions and reducing 63 holdings. Its most notable exit was Spectrum Brands, an estimated $21.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 56% of assets, down from 58% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in ODP worth $18.6M.

  • Fir Tree Capital Management's largest Q3 2023 buy was ODP: 403,687 shares worth $18.6M.
  • Fir Tree Capital Management added most to PG&E in Q3 2023, an estimated $13.7M increase.
  • Fir Tree Capital Management's biggest Q3 2023 reduction was Artemis Strategic Investment Corporation Class A Common Stock, cutting an estimated $14M.
  • Fir Tree Capital Management fully exited Spectrum Brands in Q3 2023, selling an estimated $21.5M.
  • Fir Tree Capital Management's ten largest holdings make up 23% of its $957M portfolio in Q3 2023.
  • Fir Tree Capital Management opened 34 new positions and closed 69 in Q3 2023.
  • Fir Tree Capital Management's portfolio value fell 11% quarter-over-quarter to $957M.

Based on Fir Tree Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.