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FTCM

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
AXAC
326
DELISTED
AXIOS Sustainable Growth Acquisition Corporation
AXAC
– –
-10,832
Closed -$112K
IQMD
327
DELISTED
Intelligent Medicine Acquisition Corp. Class A Common Stock
IQMD
– –
-315,052
Closed -$3.24M
MSDA
328
DELISTED
MSD Acquisition Corp. Class A Ordinary Shares
MSDA
– –
-1,307,114
Closed -$13.2M
TETC
329
DELISTED
Tech and Energy Transition Corporation Class A Common Stock
TETC
– –
-141,903
Closed -$1.42M
NGC
330
DELISTED
Northern Genesis Acquisition Corp. III
NGC
– –
-464,216
Closed -$4.66M
RKTA
331
DELISTED
Rocket Internet Growth Opportunities Corp.
RKTA
– –
-190,547
Closed -$1.92M
STRE
332
DELISTED
Supernova Partners Acquisition Company III, Ltd.
STRE
– –
-724,023
Closed -$7.3M
LDHA
333
DELISTED
LDH Growth Corp I Class A Ordinary Shares
LDHA
– –
-307,656
Closed -$3.1M
DGNU
334
DELISTED
Dragoneer Growth Opportunities Corp. III Class A Ordinary Shares
DGNU
– –
-164,101
Closed -$1.62M
GXII
335
DELISTED
GX Acquisition Corp. II Class A Common Stock
GXII
– –
-192,944
Closed -$1.93M
BGSX
336
DELISTED
Build Acquisition Corp.
BGSX
– –
-30,600
Closed -$307K
FTPA
337
DELISTED
FTAC Parnassus Acquisition Corp. Class A Common Stock
FTPA
– –
-70,695
Closed -$709K
FRON
338
DELISTED
Frontier Acquisition Corp. Class A Ordinary Shares
FRON
– –
-268,591
Closed -$2.71M
LEGA
339
DELISTED
Lead Edge Growth Opportunities, Ltd Class A Ordinary Shares
LEGA
– –
-819,439
Closed -$8.28M
TBSA
340
DELISTED
TB SA Acquisition Corp Class A Ordinary Share
TBSA
– –
-453,094
Closed -$4.57M
CLAA
341
DELISTED
Colonnade Acquisition Corp. II
CLAA
– –
-565,973
Closed -$5.7M
ACQR
342
DELISTED
Independence Holdings Corp. Class A Ordinary Share
ACQR
– –
-963,719
Closed -$9.72M
AGGR
343
DELISTED
Agile Growth Corp
AGGR
– –
-695,996
Closed -$7.02M
PDOT
344
DELISTED
Peridot Acquisition Corp. II
PDOT
– –
-908,746
Closed -$9.19M
PTOC
345
DELISTED
Pine Technology Acquisition Corp. Class A Common Stock
PTOC
– –
-150,600
Closed -$1.52M
WPCB
346
DELISTED
Warburg Pincus Capital Corporation I-B
WPCB
– –
-1,856,969
Closed -$18.7M
SVFB
347
DELISTED
SVF Investment Corp. 2 Class A Ordinary Shares
SVFB
– –
-613,315
Closed -$6.18M
WPCA
348
DELISTED
Warburg Pincus Capital Corporation I-A
WPCA
– –
-510,071
Closed -$5.15M
ESM
349
DELISTED
ESM Acquisition Corporation
ESM
– –
-582,111
Closed -$5.87M
FRSG
350
DELISTED
First Reserve Sustainable Growth Corp. Class A Common Stock
FRSG
– –
-155,797
Closed -$1.57M
12 13
14
15 16

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AVM
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PC
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WHP
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ADIM
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CAWM
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AI
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CP
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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.