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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
+3.26%
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
$2.5B
AUM Growth
+$443M
Cap. Flow
+$249M
Cap. Flow %
9.96%
Top 10 Hldgs %
25.28%
Holding
511
New
343
Increased
13
Reduced
40
Closed
80

Top Buys

Rank Stock Value
1
CIT
CIT Group Inc.
CIT
+$53.4M
2
EXC icon
Exelon
EXC
+$50.1M
3
NAAC
North Atlantic Acquisition Corporation Class A Ordinary Share
NAAC
+$29M
4
PCPC
Periphas Capital Partnering Corporation
PCPC
+$26.7M
5
EAC
Edify Acquisition Corp. Class A Common Stock
EAC
+$23.2M

Top Sells

Rank Stock Value
1
SLM icon
SLM Corp
SLM
+$96.6M
2
EXPE icon
Expedia Group
EXPE
+$68.6M
3
SPHR icon
Sphere Entertainment
SPHR
+$61.3M
4
LAMR icon
Lamar Advertising Co
LAMR
+$47M
5
FE icon
FirstEnergy
FE
+$40.8M

Sector Composition

Rank Sector Weight
1 Financials 23.59%
2 Healthcare 9.15%
3 Industrials 8.26%
4 Technology 8.07%
5 Communication Services 7.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CAS
301
DELISTED
Cascade Acquisition Corp.
CAS
$668K 0.03%
+68,135
New +$690K
PRPB.WS
302
DELISTED
CC Neuberger Principal Holdings II Redeemable warrants, each whole warrant exercisable for one Class
PRPB.WS
$649K 0.03%
589,475
– –
EACPW
303
DELISTED
Edify Acquisition Corp. Warrant
EACPW
$594K 0.02%
+1,188,000
New +$695K
NAACW
304
DELISTED
North Atlantic Acquisition Corporation Warrant
NAACW
$594K 0.02%
+989,998
New +$757K
PCPC.WS
305
DELISTED
Periphas Capital Partnering Corporation Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $28.75
PCPC.WS
$558K 0.02%
+258,175
New +$742K
SNII.U
306
DELISTED
Supernova Partners Acquisition Company II, Ltd. Units, each consisting of one Class A ordinary share
SNII.U
$502K 0.02%
+50,000
New +$506K
LATN
307
DELISTED
Union Acquisition Corp. II Ordinary Shares
LATN
$496K 0.02%
49,400
– –
PNTM.U
308
DELISTED
Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant
PNTM.U
$495K 0.02%
+50,000
New +$517K
CLRM
309
DELISTED
Clarim Acquisition Corp. Class A Common Stock
CLRM
$483K 0.02%
+50,000
New +$490K
GOAC.WS
310
DELISTED
GO Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A Common Stock
GOAC.WS
$450K 0.02%
499,999
– –
CONXW
311
DELISTED
CONX Corp. Warrant
CONXW
$443K 0.02%
375,000
– –
ACKIT
312
DELISTED
Ackrell SPAC Partners I Co Subunits
ACKIT
$438K 0.02%
+44,300
New +$445K
CRXT
313
DELISTED
Clarus Therapeutics Holdings, Inc. Common Stock
CRXT
$437K 0.02%
+43,439
New +$438K
FPAC.WS
314
DELISTED
Far Peak Acquisition Corporation Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
FPAC.WS
$427K 0.02%
+388,131
New +$687K
IMPX.WS
315
DELISTED
AEA-Bridges Impact Corp Warrants
IMPX.WS
$427K 0.02%
474,542
-275,458
-37% -$449K
CTAQW
316
DELISTED
Carney Technology Acquisition Corp. II Warrant
CTAQW
$415K 0.02%
+499,998
New +$713K
IACB.U
317
DELISTED
ION Acquisition Corp 2 Ltd. Units, each consisting of one Class A ordinary share and one-eighth of o
IACB.U
$406K 0.02%
+40,000
New +$424K
PNTM.WS
318
DELISTED
Pontem Corporation Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
PNTM.WS
$375K 0.02%
+499,997
New +$501K
EQD.WS
319
DELISTED
Equity Distribution Acquisition Corp. Warrants, each whole warrant exercisable for one share of Clas
EQD.WS
$360K 0.01%
333,332
– –
ORGNW
320
DELISTED
Origin Materials Inc Warrants
ORGNW
$352K 0.01%
204,452
-200,219
-49% -$485K
MONDW
321
DELISTED
Mondee Holdings, Inc. Warrant
MONDW
$340K 0.01%
+400,000
New +$290K
TACA.WS
322
DELISTED
Trepont Acquisition Corp I Redeemable Warrants, each whole warrant exercisable for one Class A ordin
TACA.WS
$337K 0.01%
+468,032
New +$629K
COOLW
323
DELISTED
Corner Growth Acquisition Corp. Warrant
COOLW
$330K 0.01%
+333,331
New +$421K
DSAC
324
DELISTED
Duddell Street Acquisition Corp. Class A Ordinary Shares
DSAC
$304K 0.01%
31,033
– –
SNRHW
325
DELISTED
Senior Connect Acquisition Corp. I Warrant
SNRHW
$302K 0.01%
+425,000
New +$504K
11 12
13
14 15

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Fir Tree Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Fir Tree Capital Management held 511 positions worth $2.5B, up 21% from $2.06B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Fir Tree Capital Management deployed $249M of net new capital in Q1 2021, opening 343 new positions and adding to 13 existing holdings. Its largest new stake was CIT Group Inc.: 1,191,290 shares worth $61.4M.

By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 14% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was SLM Corp, an estimated $96.6M trimmed.

  • Fir Tree Capital Management's largest Q1 2021 buy was CIT Group Inc.: 1,191,290 shares worth $61.4M.
  • Fir Tree Capital Management added most to Outfront Media in Q1 2021, an estimated $18.9M increase.
  • Fir Tree Capital Management's biggest Q1 2021 reduction was SLM Corp, cutting an estimated $96.6M.
  • Fir Tree Capital Management fully exited Expedia Group in Q1 2021, selling an estimated $68.6M.
  • Fir Tree Capital Management's ten largest holdings make up 25% of its $2.5B portfolio in Q1 2021.
  • Fir Tree Capital Management opened 343 new positions and closed 80 in Q1 2021.
  • Fir Tree Capital Management's portfolio value rose 21% quarter-over-quarter to $2.5B.

Based on Fir Tree Capital Management's 13F filing for Q1 2021, filed 17 May 2021.