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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
+1.76%
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
$1.07B
AUM Growth
-$184M
Cap. Flow
-$230M
Cap. Flow %
-21.37%
Top 10 Hldgs %
20.26%
Holding
328
New
45
Increased
47
Reduced
85
Closed
71

Top Buys

Rank Stock Value
1
VYX icon
NCR Voyix
VYX
+$22.3M
2
PCG icon
PG&E
PCG
+$16.1M
3
EVGR
Evergreen Corporation Class A Ordinary Share
EVGR
+$8.62M
4
SBXC
SilverBox Corp III
SBXC
+$8.06M
5
IPXXU
Inflection Point Acquisition Corp. II Unit
IPXXU
+$7.58M

Top Sells

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$22.6M
2
PNTM
Pontem Corporation
PNTM
+$20M
3
TRAQ
Trine II Acquisition Corp.
TRAQ
+$18.2M
4
MTAL
Metals Acquisition
MTAL
+$16M
5
RBA icon
RB Global
RBA
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 57.68%
2 Technology 13.7%
3 Industrials 6.62%
4 Healthcare 3.14%
5 Consumer Staples 2.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNTM
251
DELISTED
ConnectM Technology Solutions, Inc. Common Stock
CNTM
$157K 0.01%
15,000
– –
CCTS
252
DELISTED
Cactus Acquisition Corp. 1 Limited Class A Ordinary Share
CCTS
$139K 0.01%
13,093
-124,238
-90% -$1.3M
FEXD
253
DELISTED
Fintech Ecosystem Development Corp. Class A Common Stock
FEXD
$115K 0.01%
10,919
-24,850
-69% -$262K
PPYAW
254
DELISTED
Papaya Growth Opportunity Corp. I Warrant
PPYAW
$35K ﹤0.01%
451,500
– –
APXIW
255
DELISTED
APx Acquisition Corp. I Warrant
APXIW
$31.9K ﹤0.01%
436,300
-297,450
-41% -$23.5K
DISTR
256
DELISTED
Distoken Acquisition Corporation Right
DISTR
– –
-150,000
Closed -$19.5K
DISTW
257
DELISTED
Distoken Acquisition Corporation Warrant
DISTW
– –
-150,000
Closed -$6K
DTI icon
258
Drilling Tools International
DTI
$83.3M
– –
-796,266
Closed -$8.31M
ISRLW
259
DELISTED
Israel Acquisitions Corp Warrant
ISRLW
– –
-175,000
Closed -$24.5K
MTAL
260
DELISTED
Metals Acquisition
MTAL
– –
-1,567,944
Closed -$16M
NPWR icon
261
NET Power
NPWR
$127M
– –
-156,630
Closed -$1.6M
RBA icon
262
RB Global
RBA
$20.5B
– –
-225,000
Closed -$12.7M
SPY icon
263
State Street SPDR S&P 500 ETF Trust
SPY
$789B
– –
-3,668
Closed -$1.5M
SPY icon
264
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$789B
– –
-20,400
Closed -$8.35M
TYGO icon
265
Tigo Energy
TYGO
$144M
– –
-276,811
Closed -$2.89M
SBC
266
SBC Medical Group
SBC
$314M
– –
-191,997
Closed -$2M
ABPWW
267
DELISTED
Abpro Holdings Warrant
ABPWW
– –
-451,500
Closed -$31.5K
BLACU
268
DELISTED
Bellevue Life Sciences Acquisition Corp. Unit
BLACU
– –
-100,000
Closed -$1.03M
ATEK
269
DELISTED
Athena Technology Acquisition Corp. II
ATEK
– –
-69,015
Closed -$707K
TMTCU
270
DELISTED
TMT Acquisition Corp Unit
TMTCU
– –
-60,000
Closed -$612K
AEAE
271
DELISTED
AltEnergy Acquisition Corp
AEAE
– –
-220,998
Closed -$2.29M
GTAC
272
DELISTED
Global Technology Acquisition Corp. I Class A Ordinary Shares
GTAC
– –
-398,607
Closed -$4.17M
ADRT
273
DELISTED
Ault Disruptive Technologies Corporation
ADRT
– –
-391,796
Closed -$4.11M
AAGR
274
DELISTED
African Agriculture Holdings Inc
AAGR
– –
-139,500
Closed -$1.02M
CETUU
275
DELISTED
Cetus Capital Acquisition Corp. Unit
CETUU
– –
-85,000
Closed -$881K
9 10
11
12 13

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WHP
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ADIM
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AI
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CP
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Fir Tree Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Fir Tree Capital Management held 328 positions worth $1.07B, down 15% from $1.26B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Fir Tree Capital Management withdrew a net $230M in Q2 2023, closing 71 positions and reducing 85 holdings. Its most notable exit was Pontem Corporation, an estimated $20M position sold in full.

By sector, the portfolio is most concentrated in Financials at 58% of assets, down from 65% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in NCR Voyix worth $23.9M.

  • Fir Tree Capital Management's largest Q2 2023 buy was NCR Voyix: 1,548,500 shares worth $23.9M.
  • Fir Tree Capital Management added most to SunPower Inc in Q2 2023, an estimated $7.44M increase.
  • Fir Tree Capital Management's biggest Q2 2023 reduction was VMware, Inc, cutting an estimated $22.6M.
  • Fir Tree Capital Management fully exited Pontem Corporation in Q2 2023, selling an estimated $20M.
  • Fir Tree Capital Management's ten largest holdings make up 20% of its $1.07B portfolio in Q2 2023.
  • Fir Tree Capital Management opened 45 new positions and closed 71 in Q2 2023.
  • Fir Tree Capital Management's portfolio value fell 15% quarter-over-quarter to $1.07B.

Based on Fir Tree Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.