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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
HERA
351
DELISTED
FTAC Hera Acquisition Corp. Class A Ordinary Shares
HERA
– –
-553,462
Closed -$5.6M
LION
352
DELISTED
Lionheart III Corp Class A Common Stock
LION
– –
-219,738
Closed -$2.25M
FPAC
353
DELISTED
Far Peak Acquisition Corporation
FPAC
– –
-1,605,709
Closed -$16.1M
LOKM
354
DELISTED
Live Oak Mobility Acquisition Corp.
LOKM
– –
-258,146
Closed -$2.6M
MLAI
355
DELISTED
McLaren Technology Acquisition Corp. Class A Common Stock
MLAI
– –
-669,728
Closed -$6.84M
FTEV
356
DELISTED
FinTech Evolution Acquisition Group
FTEV
– –
-565,273
Closed -$5.71M
EBAC
357
DELISTED
European Biotech Acquisition Corp. Class A Ordinary Shares
EBAC
– –
-106,300
Closed -$1.07M
IBER
358
DELISTED
Ibere Pharmaceuticals
IBER
– –
-82,037
Closed -$828K
ABGI
359
DELISTED
ABG Acquisition Corp. I
ABGI
– –
-109,038
Closed -$1.1M
DCRD
360
DELISTED
Decarbonization Plus Acquisition Corporation IV Class A Ordinary Share
DCRD
– –
-999,886
Closed -$10.2M
ANAC
361
DELISTED
Arctos NorthStar Acquisition Corp.
ANAC
– –
-883,803
Closed -$8.92M
FTAA
362
DELISTED
FTAC Athena Acquisition Corp. Class A Ordinary Share
FTAA
– –
-287,072
Closed -$2.9M
NVSA
363
DELISTED
New Vista Acquisition Corp Class A Ordinary Shares
NVSA
– –
-563,862
Closed -$5.7M
LGAC
364
DELISTED
Lazard Growth Acquisition Corp. I Ordinary Shares
LGAC
– –
-331,145
Closed -$3.35M
MSAC
365
DELISTED
Medicus Sciences Acquisition Corp. Class A Ordinary Share
MSAC
– –
-120,963
Closed -$1.22M
ACDI
366
DELISTED
Ascendant Digital Acquisition Corp. III
ACDI
– –
-1,684,700
Closed -$17.4M
ITQ
367
DELISTED
Itiquira Acquisition Corp. Class A Ordinary Shares
ITQ
– –
-238,670
Closed -$2.41M
CTAQ
368
DELISTED
Carney Technology Acquisition Corp. II Class A Common Stock
CTAQ
– –
-940,000
Closed -$9.63M
WQGA
369
DELISTED
World Quantum Growth Acquisition Corp.
WQGA
– –
-638,407
Closed -$6.51M
SCOB
370
DELISTED
ScION Tech Growth II Class A Ordinary Shares
SCOB
– –
-716,503
Closed -$7.25M
GSQD
371
DELISTED
G Squared Ascend I Inc.
GSQD
– –
-279,000
Closed -$2.82M
SCMA
372
DELISTED
Seaport Calibre Materials Acquisition Corp. Class A Common Stock
SCMA
– –
-50,000
Closed -$514K
BIOT
373
DELISTED
Biotech Acquisition Company Class A Ordinary Shares
BIOT
– –
-635,837
Closed -$6.42M
MIT
374
DELISTED
Mason Industrial Technology, Inc.
MIT
– –
-1,072,500
Closed -$10.7M
CPAR
375
DELISTED
Catalyst Partners Acquisition Corp. Class A Ordinary Share
CPAR
– –
-1,497,711
Closed -$15.1M
12 13 14
15
16

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WHP
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ADIM
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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.