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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
HWEL
251
DELISTED
Healthwell Acquisition Corp. I Class A Common Stock
HWEL
– –
-455,093
Closed -$4.68M
VMW
252
DELISTED
VMware, Inc
VMW
– –
-26,545
Closed -$3.81M
JGGC
253
DELISTED
Jaguar Global Growth Corporation I Class A Ordinary Shares
JGGC
– –
-390,841
Closed -$4.13M
ACAQ
254
DELISTED
Athena Consumer Acquisition Corp.
ACAQ
– –
-198,001
Closed -$2.14M
JUN
255
DELISTED
Juniper II Corp.
JUN
– –
-400,000
Closed -$4.16M
MPRA
256
DELISTED
Mercato Partners Acquisition Corporation Class A Common Stock
MPRA
– –
-300,002
Closed -$3.15M
SLVR
257
DELISTED
SilverSPAC Inc. Class A Ordinary Share
SLVR
– –
-91,701
Closed -$953K
ICNC
258
DELISTED
Iconic Sports Acquisition Corp.
ICNC
– –
-203,719
Closed -$2.17M
MBSC
259
DELISTED
M3-Brigade Acquisition III Corp.
MBSC
– –
-974,200
Closed -$10.2M
UTAA
260
DELISTED
UTA Acquisition Corporation Class A Ordinary Shares
UTAA
– –
-426,800
Closed -$4.51M
PIAI
261
DELISTED
Prime Impact Acquisition I
PIAI
– –
-113,306
Closed -$1.21M
NSTD
262
DELISTED
Northern Star Investment Corp. IV
NSTD
– –
-400,000
Closed -$4.16M
ATAQ
263
DELISTED
Altimar Acquisition Corp III
ATAQ
– –
-400,000
Closed -$4.11M
NSTC
264
DELISTED
Northern Star Investment Corp. III
NSTC
– –
-400,000
Closed -$4.16M
BKI
265
DELISTED
Black Knight, Inc. Common Stock
BKI
– –
-114,814
Closed -$6.86M
PNAC
266
DELISTED
Prime Number Acquisition I Corp. Class A Common Stock
PNAC
– –
-289,650
Closed -$3.05M
WAVC
267
DELISTED
Waverley Capital Acquisition Corp. 1
WAVC
– –
-41,828
Closed -$434K
GFX
268
DELISTED
Golden Falcon Acquisition Corp.
GFX
– –
-230,000
Closed -$2.32M
AGAC
269
DELISTED
African Gold Acquisition Corp
AGAC
– –
-204,129
Closed -$2.16M
ZING
270
DELISTED
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
– –
-832,500
Closed -$8.68M
APMI
271
DELISTED
AxonPrime Infrastructure Acquisition Corporation Class A Common Stock
APMI
– –
-479,844
Closed -$4.94M
AFTR
272
DELISTED
AfterNext HealthTech Acquisition Corp
AFTR
– –
-876,038
Closed -$9.08M
BSAQ
273
DELISTED
Black Spade Acquisition Co
BSAQ
– –
-98,500
Closed -$1.02M
CPAA
274
DELISTED
Conyers Park III Acquisition Corp. Class A Common Stock
CPAA
– –
-896,113
Closed -$9.16M
BWC
275
DELISTED
Blue Whale Acquisition Corp I Class A Ordinary Shares
BWC
– –
-415,729
Closed -$4.22M
8 9 10
11
12

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PC
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WHP
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ADIM
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CAWM
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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.