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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
+1.95%
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
$1.26B
AUM Growth
-$683M
Cap. Flow
-$658M
Cap. Flow %
-52.26%
Top 10 Hldgs %
16.73%
Holding
392
New
56
Increased
76
Reduced
72
Closed
109

Top Buys

Rank Stock Value
1
AIRJ
Montana Technologies Corp
AIRJ
+$8.36M
2
SBXC.U
SilverBox Corp III Units, each consisting of one Class A Common Stock and one-third of one redeemable warrant
SBXC.U
+$8.07M
3
IVCA
Investcorp India Acquisition Corp
IVCA
+$6.86M
4
DTI icon
Drilling Tools International
DTI
+$6.32M
5
STI icon
Solidion Technology
STI
+$6.03M

Top Sells

Rank Stock Value
1
NAAC
North Atlantic Acquisition Corporation Class A Ordinary Share
NAAC
+$30.2M
2
CMCSA icon
Comcast
CMCSA
+$29.2M
3
FCNCA icon
First Citizens BancShares
FCNCA
+$27.5M
4
PYPL icon
PayPal
PYPL
+$24.2M
5
WPCB
Warburg Pincus Capital Corporation I-B
WPCB
+$18.7M

Sector Composition

Rank Sector Weight
1 Financials 65.22%
2 Technology 12.96%
3 Industrials 8%
4 Materials 3.28%
5 Healthcare 2.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOGN
251
DELISTED
GoGreen Investments Corporation
GOGN
$653K 0.05%
61,938
+36,938
+148% +$387K
SGHL
252
DELISTED
Signal Hill Acquisition Corp. Class A Common Stock
SGHL
$633K 0.05%
60,917
-4,600
-7% -$47.4K
TMTCU
253
DELISTED
TMT Acquisition Corp Unit
TMTCU
$612K 0.05%
+60,000
New +$612K
STET
254
DELISTED
ST Energy Transition I Ltd.
STET
$608K 0.05%
58,586
-6,367
-10% -$65.7K
PIAI
255
DELISTED
Prime Impact Acquisition I
PIAI
$586K 0.05%
56,137
-61,161
-52% -$635K
INTE
256
DELISTED
Integral Acquisition Corporation 1 Class A Common Stock
INTE
$544K 0.04%
52,988
+27,988
+112% +$285K
FWAC
257
DELISTED
Fifth Wall Acquisition Corp. III Class A Ordinary Shares
FWAC
$511K 0.04%
+50,000
New +$506K
SHUA
258
DELISTED
SHUAA Partners Acquisition Corp I Class A Ordinary Share
SHUA
$506K 0.04%
+48,300
New +$503K
VLAT
259
DELISTED
Valor Latitude Acquisition Corp. Class A Ordinary Shares
VLAT
$485K 0.04%
47,312
-2,858
-6% -$29K
ACAC
260
DELISTED
Acri Capital Acquisition Corp
ACAC
$454K 0.04%
+43,300
New +$450K
WAVC
261
DELISTED
Waverley Capital Acquisition Corp. 1
WAVC
$427K 0.03%
41,828
-10,672
-20% -$108K
FEXD
262
DELISTED
Fintech Ecosystem Development Corp. Class A Common Stock
FEXD
$376K 0.03%
35,769
– –
ALCE
263
DELISTED
Alternus Clean Energy Inc
ALCE
$359K 0.03%
1,400
– –
PRLH
264
DELISTED
Pearl Holdings Acquisition Corp Class A Ordinary Shares
PRLH
$341K 0.03%
+32,665
New +$338K
SAMA
265
DELISTED
Schultze Special Purpose Acquisition Corp. II Class A Common Stock
SAMA
$313K 0.02%
+30,000
New +$306K
ARYD
266
DELISTED
ARYA Sciences Acquisition Corp IV Class A Odinary Shares
ARYD
$288K 0.02%
27,910
-4,868
-15% -$49.7K
RAM
267
DELISTED
Aries I Acquisition Corporation Class A Ordinary Share
RAM
$265K 0.02%
+25,000
New +$261K
BTWN
268
DELISTED
Bridgetown Holdings Limited Class A Ordinary Shares
BTWN
$252K 0.02%
+25,000
New +$251K
DUET
269
DELISTED
DUET Acquisition Corp. Class A Common Stock
DUET
$246K 0.02%
+23,729
New +$243K
CPUH
270
DELISTED
Compute Health Acquisition Corp.
CPUH
$199K 0.02%
19,459
– –
PNAC
271
DELISTED
Prime Number Acquisition I Corp. Class A Common Stock
PNAC
$175K 0.01%
16,861
– –
GDST
272
DELISTED
Goldenstone Acquisition Limited Common Stock
GDST
$169K 0.01%
16,262
– –
CNTM
273
DELISTED
ConnectM Technology Solutions, Inc. Common Stock
CNTM
$154K 0.01%
15,000
– –
APXIW
274
DELISTED
APx Acquisition Corp. I Warrant
APXIW
$61.3K ﹤0.01%
733,750
– –
ABPWW
275
DELISTED
Abpro Holdings Warrant
ABPWW
$31.5K ﹤0.01%
451,500
– –
9 10
11
12 13

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WHP
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ADIM
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CAWM
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Fir Tree Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Fir Tree Capital Management held 392 positions worth $1.26B, down 35% from $1.94B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Fir Tree Capital Management withdrew a net $658M in Q1 2023, closing 109 positions and reducing 72 holdings. Its most notable exit was North Atlantic Acquisition Corporation Class A Ordinary Share, an estimated $30.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 65% of assets, up from 63% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in Montana Technologies Corp worth $8.41M.

  • Fir Tree Capital Management's largest Q1 2023 buy was Montana Technologies Corp: 820,575 shares worth $8.41M.
  • Fir Tree Capital Management added most to Investcorp India Acquisition Corp in Q1 2023, an estimated $6.86M increase.
  • Fir Tree Capital Management's biggest Q1 2023 reduction was Bolt Projects Holdings, cutting an estimated $17.2M.
  • Fir Tree Capital Management fully exited North Atlantic Acquisition Corporation Class A Ordinary Share in Q1 2023, selling an estimated $30.2M.
  • Fir Tree Capital Management's ten largest holdings make up 17% of its $1.26B portfolio in Q1 2023.
  • Fir Tree Capital Management opened 56 new positions and closed 109 in Q1 2023.
  • Fir Tree Capital Management's portfolio value fell 35% quarter-over-quarter to $1.26B.

Based on Fir Tree Capital Management's 13F filing for Q1 2023, filed 15 May 2023.