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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
+4.76%
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
$605M
AUM Growth
-$352M
Cap. Flow
-$354M
Cap. Flow %
-58.45%
Top 10 Hldgs %
40.58%
Holding
238
New
18
Increased
14
Reduced
102
Closed
92

Top Buys

Rank Stock Value
1
CNNE icon
Cannae Holdings
CNNE
+$15.3M
2
M icon
Macy's
M
+$10.9M
3
NATL icon
NCR Atleos
NATL
+$10.3M
4
SIX
Six Flags Entertainment Corp.
SIX
+$4.97M
5
ANSCU
Agriculture & Natural Solutions Acquisition Corp Unit
ANSCU
+$4.04M

Top Sells

Rank Stock Value
1
PCG icon
PG&E
PCG
+$28.2M
2
VYX icon
NCR Voyix
VYX
+$22.3M
3
NFYS
Enphys Acquisition Corp.
NFYS
+$21.7M
4
AAC
Ares Acquisition Corporation
AAC
+$16.4M
5
APGB
Apollo Strategic Growth Capital II
APGB
+$15.8M

Sector Composition

Rank Sector Weight
1 Financials 41.66%
2 Consumer Discretionary 9.54%
3 Technology 8.5%
4 Industrials 7.32%
5 Healthcare 2.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NFNT
226
DELISTED
Infinite Acquisition Corp.
NFNT
– –
-475,906
Closed -$5.12M
CXAC
227
DELISTED
C5 Acquisition Corporation
CXAC
– –
-533,862
Closed -$5.86M
HPLT
228
DELISTED
Home Plate Acquisition Corporation Class A Common Stock
HPLT
– –
-222,856
Closed -$2.4M
FSNB
229
DELISTED
Fusion Acquisition Corp. II
FSNB
– –
-233,936
Closed -$2.48M
CCV
230
DELISTED
Churchill Capital Corp V
CCV
– –
-202,550
Closed -$2.11M
BTWN
231
DELISTED
Bridgetown Holdings Limited Class A Ordinary Shares
BTWN
– –
-25,000
Closed -$259K
SAMA
232
DELISTED
Schultze Special Purpose Acquisition Corp. II Class A Common Stock
SAMA
– –
-23,151
Closed -$245K
BIOS
233
DELISTED
BioPlus Acquisition Corp. Class A Ordinary Shares
BIOS
– –
-230,111
Closed -$2.49M
FZT
234
DELISTED
FAST Acquisition Corp. II
FZT
– –
-830,000
Closed -$8.67M
LFAC
235
DELISTED
LF Capital Acquisition Corp. II Class A Common Stock
LFAC
– –
-213,958
Closed -$2.33M
DUET
236
DELISTED
DUET Acquisition Corp. Class A Common Stock
DUET
– –
-262,186
Closed -$2.81M
HUDA
237
DELISTED
Hudson Acquisition I Corp. Common Stock
HUDA
– –
-260,000
Closed -$2.79M
FATP
238
DELISTED
Fat Projects Acquisition Corp Class A Ordinary Share
FATP
– –
-46,000
Closed -$515K
6 7 8 9
10

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WHP
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ADIM
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Fir Tree Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Fir Tree Capital Management held 238 positions worth $605M, down 37% from $957M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fir Tree Capital Management withdrew a net $354M in Q4 2023, closing 92 positions and reducing 102 holdings. Its most notable exit was PG&E, an estimated $28.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 56% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Fir Tree Capital Management opened a new position in Cannae Holdings worth $16.4M.

  • Fir Tree Capital Management's largest Q4 2023 buy was Cannae Holdings: 840,000 shares worth $16.4M.
  • Fir Tree Capital Management added most to Goldenstone Acquisition Limited Common Stock in Q4 2023, an estimated $1.88M increase.
  • Fir Tree Capital Management's biggest Q4 2023 reduction was Enphys Acquisition Corp., cutting an estimated $21.7M.
  • Fir Tree Capital Management fully exited PG&E in Q4 2023, selling an estimated $28.2M.
  • Fir Tree Capital Management's ten largest holdings make up 41% of its $605M portfolio in Q4 2023.
  • Fir Tree Capital Management opened 18 new positions and closed 92 in Q4 2023.
  • Fir Tree Capital Management's portfolio value fell 37% quarter-over-quarter to $605M.

Based on Fir Tree Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.