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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
+5.47%
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
$9.23B
AUM Growth
+$301M
Cap. Flow
-$28.1M
Cap. Flow %
-0.3%
Top 10 Hldgs %
39.72%
Holding
85
New
12
Increased
9
Reduced
23
Closed
7

Top Buys

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$396M
2
YHOO
Yahoo Inc
YHOO
+$237M
3
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
+$213M
4
VLO icon
Valero Energy
VLO
+$171M
5
AMAT icon
Applied Materials
AMAT
+$121M

Top Sells

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$142M
2
CCI icon
Crown Castle
CCI
+$140M
3
CI icon
Cigna
CI
+$124M
4
C icon
Citigroup
C
+$110M
5
AGO icon
Assured Guaranty
AGO
+$106M

Sector Composition

Rank Sector Weight
1 Real Estate 17.73%
2 Energy 17.2%
3 Financials 13.24%
4 Technology 9.93%
5 Healthcare 7.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMAT icon
26
Applied Materials
AMAT
$378B
$134M 1.45%
+5,932,250
New +$121M
EQC
27
DELISTED
Equity Commonwealth
EQC
$120M 1.3%
4,543,350
-1,291,363
-22% -$34M
FCE.A
28
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$117M 1.27%
5,898,145
– –
AET
29
DELISTED
Aetna Inc
AET
$101M 1.09%
1,241,612
-431,113
-26% -$32.6M
AAPL icon
30
Apple
AAPL
$4.99T
$99.2M 1.08%
4,269,720
– –
CI icon
31
Cigna
CI
$79.6B
$97.3M 1.05%
1,057,680
-1,441,821
-58% -$124M
SUNE
32
DELISTED
SUNEDISON, INC COM
SUNE
$95.3M 1.03%
+4,217,104
New +$81.9M
APD icon
33
CALL
Air Products & Chemicals
APD
$65.2B
$93M 1.01%
781,779
-299,221
-28% -$33.4M
HCA icon
34
HCA Healthcare
HCA
$92.8B
$92.9M 1.01%
+1,648,466
New +$87M
AGO icon
35
Assured Guaranty
AGO
$3.79B
$90.7M 0.98%
3,700,511
-4,288,829
-54% -$106M
O icon
36
Realty Income
O
$61.3B
$88.8M 0.96%
2,064,000
– –
VAC icon
37
Marriott Vacations Worldwide
VAC
$3.52B
$86.2M 0.93%
1,470,216
-795,505
-35% -$44.5M
QCOM icon
38
Qualcomm
QCOM
$172B
$79.2M 0.86%
1,000,000
-1,780,908
-64% -$142M
C icon
39
Citigroup
C
$222B
$78.8M 0.85%
1,674,000
-2,305,900
-58% -$110M
BERY
40
DELISTED
Berry Global Group, Inc.
BERY
$67.2M 0.73%
2,835,027
– –
MYGN icon
41
Myriad Genetics
MYGN
$502M
$64.3M 0.7%
1,651,033
– –
CTSH icon
42
Cognizant
CTSH
$23.8B
$59.8M 0.65%
1,222,400
– –
PACD
43
DELISTED
Pacific Drilling S A
PACD
$58.2M 0.63%
581,600
+90,900
+19% +$9.1M
OSG
44
Octave Specialty Group
OSG
$261M
$54.8M 0.59%
2,006,400
– –
ROIC
45
DELISTED
Retail Opportunity Investments Corp.
ROIC
$49.5M 0.54%
3,150,000
– –
NNN icon
46
NNN REIT
NNN
$9.37B
$48.3M 0.52%
1,300,000
– –
TK icon
47
Teekay
TK
$981M
$45.6M 0.49%
732,250
-65,100
-8% -$3.76M
EXXI
48
DELISTED
ENERGY XXI LTD COM SHS
EXXI
$42.9M 0.46%
1,815,488
-3,000,200
-62% -$67.6M
GLPI icon
49
Gaming and Leisure Properties
GLPI
$13B
$36.7M 0.4%
1,080,288
+600,000
+125% +$21M
CIT
50
DELISTED
CIT Group Inc.
CIT
$33.7M 0.37%
736,039
– –
1
2
3

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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 Q2 2014 Portfolio in Review

As of Q2 2014, Fir Tree Capital Management held 85 positions worth $9.23B, up 3.4% from $8.93B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Fir Tree Capital Management's Q2 2014 filing shows 12 new, 9 increased, 23 reduced and 7 closed positions. Its largest new stake was eBay: 18,158,105 shares worth $383M. The largest sale was Qualcomm, an estimated $142M.

By sector, the portfolio is most concentrated in Real Estate at 18% of assets, down from 20% a quarter earlier, followed by Energy and Financials.

  • Fir Tree Capital Management's largest Q2 2014 buy was eBay: 18,158,105 shares worth $383M.
  • Fir Tree Capital Management added most to Yahoo Inc in Q2 2014, an estimated $237M increase.
  • Fir Tree Capital Management's biggest Q2 2014 reduction was Qualcomm, cutting an estimated $142M.
  • Fir Tree Capital Management fully exited American Airlines Group in Q2 2014, selling an estimated $12.8M.
  • Fir Tree Capital Management's ten largest holdings make up 40% of its $9.23B portfolio in Q2 2014.
  • Fir Tree Capital Management opened 12 new positions and closed 7 in Q2 2014.
  • Fir Tree Capital Management's portfolio value rose 3.4% quarter-over-quarter to $9.23B.

Based on Fir Tree Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.