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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
CTAQU
451
DELISTED
Carney Technology Acquisition Corp. II Units
CTAQU
– –
-1,500,000
Closed -$15.4M
SCOAU
452
DELISTED
ScION Tech Growth I Unit
SCOAU
– –
-900,000
Closed -$9.31M
PCPC.U
453
DELISTED
Periphas Capital Partnering Corporation CAPS, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant
PCPC.U
– –
-1,000,000
Closed -$26.1M
HTPA.U
454
DELISTED
Highland Transcend Partners I Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
HTPA.U
– –
-700,000
Closed -$7.35M
PTICU
455
DELISTED
PropTech Investment Corporation II Unit
PTICU
– –
-750,000
Closed -$8.06M
FLACU
456
DELISTED
Frazier Lifesciences Acquisition Corporation Unit
FLACU
– –
-200,000
Closed -$2.08M
TINV.U
457
DELISTED
Tiga Acquisition Corp. Units, each consisting of one Class A ordinary share and one half of one warrant
TINV.U
– –
-350,000
Closed -$3.7M
ESSC
458
DELISTED
East Stone Acquisition Corporation Ordinary Shares
ESSC
– –
-50,000
Closed -$503K
QNGY
459
DELISTED
Quanergy Systems, Inc.
QNGY
– –
-3,034
Closed -$636K
HAACU
460
DELISTED
Health Assurance Acquisition Corp. SAIL Securities
HAACU
– –
-1,000,000
Closed -$11M
PIPP.U
461
DELISTED
Pine Island Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
PIPP.U
– –
-998,080
Closed -$10.3M
LFTRW
462
DELISTED
Lefteris Acquisition Corp. Warrant
LFTRW
– –
-166,665
Closed -$355K
CTXS
463
DELISTED
Citrix Systems Inc
CTXS
– –
-262,709
Closed -$34.2M
CTXS
464
PUT
DELISTED
Citrix Systems Inc
CTXS
– –
-298,700
Closed -$38.9M
VYGG.WS
465
DELISTED
Vy Global Growth Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50
VYGG.WS
– –
-100,000
Closed -$206K
TPGY.WS
466
DELISTED
TPG Pace Beneficial Finance Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
TPGY.WS
– –
-34,880
Closed -$256K
DCGOW
467
DELISTED
DocGo Inc. Warrants
DCGOW
– –
-41,699
Closed -$84K
XPOA.WS
468
DELISTED
DPCM Capital, Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at
XPOA.WS
– –
-168,122
Closed -$361K
TACA.U
469
DELISTED
Trepont Acquisition Corp I Units, each consisting of one Class A ordinary share and one-half of one
TACA.U
– –
-1,000,000
Closed -$10.4M
OCA.U
470
DELISTED
Omnichannel Acquisition Corp. Units, each consisting of one share of Class A common stock and one-ha
OCA.U
– –
-680,000
Closed -$7M
ZNTEU
471
DELISTED
Zanite Acquisition Corp. Unit
ZNTEU
– –
-500,000
Closed -$5.26M
FMAC.WS
472
DELISTED
FirstMark Horizon Acquisition Corp. Redeemable warrants, each whole warrant exercisable for one shar
FMAC.WS
– –
-71,208
Closed -$177K
FMAC
473
DELISTED
FirstMark Horizon Acquisition Corp.
FMAC
– –
-73,172
Closed -$776K
SCVX.WS
474
DELISTED
SCVX Corp.
SCVX.WS
– –
-162,585
Closed -$276K
CYXTW
475
DELISTED
Cyxtera Technologies, Inc. Warrant
CYXTW
– –
-98,332
Closed -$194K
17 18
19
20 21

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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.