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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
-4.21%
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
$8.91B
AUM Growth
-$317M
Cap. Flow
+$133M
Cap. Flow %
1.49%
Top 10 Hldgs %
37.72%
Holding
96
New
18
Increased
11
Reduced
20
Closed
10

Top Buys

Rank Stock Value
1
IPG
Interpublic Group of Companies
IPG
+$218M
2
ROC
ROCKWOOD HLDGS INC
ROC
+$196M
3
SUNE
SUNEDISON, INC COM
SUNE
+$163M
4
BHC icon
Bausch Health
BHC
+$158M
5
MR
Montage Resources Corporation Common Stock
MR
+$154M

Top Sells

Rank Stock Value
1
AON icon
Aon
AON
+$300M
2
YHOO
Yahoo Inc
YHOO
+$261M
3
MET icon
MetLife
MET
+$210M
4
AMAT icon
Applied Materials
AMAT
+$134M
5
EBAY icon
eBay
EBAY
+$99.8M

Sector Composition

Rank Sector Weight
1 Real Estate 15.33%
2 Energy 14.63%
3 Technology 10.59%
4 Healthcare 10.05%
5 Materials 9.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BHC icon
26
Bausch Health
BHC
$1.69B
$174M 1.95%
+1,324,084
New +$158M
MET icon
27
MetLife
MET
$62.7B
$133M 1.49%
2,767,909
-4,318,662
-61% -$210M
MR
28
DELISTED
Montage Resources Corporation Common Stock
MR
$130M 1.46%
+520,500
New +$154M
HCA icon
29
HCA Healthcare
HCA
$92.8B
$128M 1.44%
1,813,366
+164,900
+10% +$10.9M
EQC
30
DELISTED
Equity Commonwealth
EQC
$117M 1.31%
4,543,350
– –
FCE.A
31
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$113M 1.27%
5,773,002
-125,143
-2% -$2.5M
AAPL icon
32
Apple
AAPL
$4.99T
$108M 1.21%
4,269,720
– –
VLO icon
33
Valero Energy
VLO
$88.7B
$106M 1.19%
2,298,000
-805,000
-26% -$40.6M
BABA icon
34
Alibaba
BABA
$276B
$97.9M 1.1%
+1,102,000
New +$99M
C icon
35
Citigroup
C
$222B
$86.7M 0.97%
1,674,000
– –
QCOM icon
36
Qualcomm
QCOM
$172B
$74.8M 0.84%
1,000,000
– –
BERY
37
DELISTED
Berry Global Group, Inc.
BERY
$65.7M 0.74%
2,835,027
– –
AET
38
DELISTED
Aetna Inc
AET
$65.5M 0.74%
809,000
-432,612
-35% -$35.2M
MYGN icon
39
Myriad Genetics
MYGN
$502M
$63.7M 0.71%
1,651,033
– –
CI icon
40
Cigna
CI
$79.6B
$62.6M 0.7%
690,480
-367,200
-35% -$34.3M
AGO icon
41
Assured Guaranty
AGO
$3.79B
$58.3M 0.65%
2,633,000
-1,067,511
-29% -$24.8M
CTSH icon
42
Cognizant
CTSH
$23.8B
$54.7M 0.61%
1,222,400
– –
NXEO
43
DELISTED
Nexeo Solutions, Inc. Common Stock
NXEO
$49.5M 0.56%
+5,000,000
New +$49.1M
PACD
44
DELISTED
Pacific Drilling S A
PACD
$48.1M 0.54%
581,600
– –
ROIC
45
DELISTED
Retail Opportunity Investments Corp.
ROIC
$46.3M 0.52%
3,150,000
– –
BKW
46
DELISTED
BURGER KING WORLDWIDE
BKW
$44.7M 0.5%
+1,506,958
New +$43M
OSG
47
Octave Specialty Group
OSG
$261M
$44.3M 0.5%
2,006,400
– –
MRVL icon
48
Marvell Technology
MRVL
$157B
$42.1M 0.47%
+3,126,000
New +$43M
AER icon
49
AerCap
AER
$24.3B
$36.3M 0.41%
+887,746
New +$40.4M
CIT
50
DELISTED
CIT Group Inc.
CIT
$33.8M 0.38%
736,039
– –
1
2
3 4

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AVM
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PC
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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 Q3 2014 Portfolio in Review

As of Q3 2014, Fir Tree Capital Management held 96 positions worth $8.91B, down 3.4% from $9.23B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Fir Tree Capital Management's Q3 2014 filing shows 18 new, 11 increased, 20 reduced and 10 closed positions. Its largest new stake was Interpublic Group of Companies: 11,250,000 shares worth $206M. The largest sale was Aon, an estimated $300M.

By sector, the portfolio is most concentrated in Real Estate at 15% of assets, down from 18% a quarter earlier, followed by Energy and Technology.

  • Fir Tree Capital Management's largest Q3 2014 buy was Interpublic Group of Companies: 11,250,000 shares worth $206M.
  • Fir Tree Capital Management added most to SUNEDISON, INC COM in Q3 2014, an estimated $163M increase.
  • Fir Tree Capital Management's biggest Q3 2014 reduction was MetLife, cutting an estimated $210M.
  • Fir Tree Capital Management fully exited Aon in Q3 2014, selling an estimated $300M.
  • Fir Tree Capital Management's ten largest holdings make up 38% of its $8.91B portfolio in Q3 2014.
  • Fir Tree Capital Management opened 18 new positions and closed 10 in Q3 2014.
  • Fir Tree Capital Management's portfolio value fell 3.4% quarter-over-quarter to $8.91B.

Based on Fir Tree Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.