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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
+1.95%
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
PRBM
376
DELISTED
Parabellum Acquisition Corp.
PRBM
– –
-200,000
Closed -$2.04M
SVFA
377
DELISTED
SVF Investment Corp. Class A Ordinary Shares
SVFA
– –
-372,149
Closed -$3.76M
NAAC
378
DELISTED
North Atlantic Acquisition Corporation Class A Ordinary Share
NAAC
– –
-2,985,443
Closed -$30.2M
THAC
379
DELISTED
Thrive Acquisition Corporation Class A ordinary shares
THAC
– –
-66,200
Closed -$685K
JCIC
380
DELISTED
Jack Creek Investment Corp. Class A Ordinary Shares
JCIC
– –
-379,414
Closed -$3.84M
TZPS
381
DELISTED
TZP Strategies Acquisition Corp. Class A Ordinary Share
TZPS
– –
-370,700
Closed -$3.74M
AEAC
382
DELISTED
Authentic Equity Acquisition Corp. Class A ordinary share
AEAC
– –
-113,718
Closed -$1.15M
DLCA
383
DELISTED
Deep Lake Capital Acquisition Corp. Class A Ordinary Shares
DLCA
– –
-261,400
Closed -$2.64M
FCAX
384
DELISTED
Fortress Capital Acquisition Corp.
FCAX
– –
-574,850
Closed -$5.81M
FINM
385
DELISTED
Marlin Technology Corporation Class A Ordinary Share
FINM
– –
-854,233
Closed -$8.65M
POW
386
DELISTED
Powered Brands Class A Ordinary Shares
POW
– –
-601,825
Closed -$6.08M
KAIR
387
DELISTED
Kairos Acquisition Corp. Class A Ordinary Shares
KAIR
– –
-63,524
Closed -$640K
NVAC
388
DELISTED
NorthView Acquisition Corporation Common Stock
NVAC
– –
-1,702,740
Closed -$17.2M
GFX.WS
389
DELISTED
Golden Falcon Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
GFX.WS
– –
-244,931
Closed -$36.7K
PICC
390
DELISTED
Pivotal Investment Corporation III
PICC
– –
-336,382
Closed -$3.4M
12 13 14 15
16

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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.