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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
DIS icon
426
Walt Disney
DIS
$167B
– –
-90,848
Closed -$16.5M
EVGO icon
427
EVgo
EVGO
$223M
– –
-27,540
Closed -$295K
EXPE icon
428
Expedia Group
EXPE
$35.4B
– –
-518,300
Closed -$68.6M
HHH icon
429
Howard Hughes
HHH
$3.81B
– –
-435,709
Closed -$32.8M
HLMN icon
430
Hillman Solutions
HLMN
$1.54B
– –
-105,600
Closed -$1.11M
LCID icon
431
Lucid Motors
LCID
$2.88B
– –
-35,000
Closed -$3.5M
MVST icon
432
Microvast
MVST
$269M
– –
-710,000
Closed -$12.1M
OPFI icon
433
OppFi
OPFI
$800M
– –
-500,100
Closed -$5.09M
ORGN
434
DELISTED
Origin Materials
ORGN
– –
-60,000
Closed -$19.1M
OWLT icon
435
Owlet
OWLT
$149M
– –
-28,571
Closed -$4.07M
SPHR icon
436
Sphere Entertainment
SPHR
$5.14B
– –
-583,133
Closed -$61.3M
TALKW
437
DELISTED
Talkspace Inc Warrant
TALKW
– –
-425,000
Closed -$718K
TOIIW
438
The Oncology Institute Warrant
TOIIW
$4.36M
– –
-57,800
Closed -$113K
UP icon
439
Wheels Up
UP
$208M
– –
-4,634
Closed -$9.24M
ASTR
440
DELISTED
Astra Space, Inc. Class A Common Stock
ASTR
– –
-50,000
Closed -$7.58M
COOLU
441
DELISTED
Corner Growth Acquisition Corp. Unit
COOLU
– –
-1,000,000
Closed -$10.4M
BREZW
442
DELISTED
Breeze Holdings Acquisition Corp. Warrant
BREZW
– –
-203,889
Closed -$210K
VHAQ.U
443
DELISTED
Viveon Health Acquisition Corp. Units, each consisting of one share of common stock, one Warrant entitling the holder to purchase one-half of a share of common stock, and one right to receive one-twentieth of a share of common stock
VHAQ.U
– –
-500,000
Closed -$5.13M
VIIAU
444
DELISTED
7GC & Co Holdings Unit
VIIAU
– –
-500,000
Closed -$5.28M
CFIVU
445
DELISTED
CF Acquisition Corp. IV Unit
CFIVU
– –
-900,000
Closed -$9.26M
GFX.U
446
DELISTED
Golden Falcon Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant
GFX.U
– –
-600,000
Closed -$6.24M
MTACU
447
DELISTED
MedTech Acquisition Corporation Unit
MTACU
– –
-125,000
Closed -$1.31M
CYXT
448
DELISTED
Cyxtera Technologies, Inc. Class A Common Stock
CYXT
– –
-590,000
Closed -$6.11M
SNRHU
449
DELISTED
Senior Connect Acquisition Corp. I Unit
SNRHU
– –
-850,000
Closed -$8.75M
FPAC.U
450
DELISTED
Far Peak Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant
FPAC.U
– –
-1,500,000
Closed -$15.5M
16 17
18
19 20

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WHP
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ADIM
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AI
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CP
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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.