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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
-10.21%
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
$5.97B
AUM Growth
-$313M
Cap. Flow
+$607M
Cap. Flow %
10.18%
Top 10 Hldgs %
54.45%
Holding
76
New
20
Increased
11
Reduced
16
Closed
10

Top Buys

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$275M
2
TEVA icon
Teva Pharmaceuticals
TEVA
+$212M
3
WMB icon
Williams Companies
WMB
+$175M
4
NTCT icon
NETSCOUT
NTCT
+$171M
5
AXP icon
American Express
AXP
+$145M

Top Sells

Rank Stock Value
1
EQC
Equity Commonwealth
EQC
+$107M
2
SCTY
SolarCity Corporation
SCTY
+$99.5M
3
SLH
SOLERA HOLDINGS, INC. COM
SLH
+$94.8M
4
HCA icon
HCA Healthcare
HCA
+$88.5M
5
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
+$79.5M

Sector Composition

Rank Sector Weight
1 Industrials 19.46%
2 Healthcare 17.72%
3 Energy 12.96%
4 Technology 12.09%
5 Financials 9.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTRS icon
26
Viatris
VTRS
$20.8B
$60.5M 1.01%
1,503,690
-558,051
-27% -$31.1M
PYPL icon
27
PayPal
PYPL
$50.3B
$60.5M 1.01%
+1,949,971
New +$69.8M
SUNE
28
DELISTED
SUNEDISON, INC COM
SUNE
$58.3M 0.98%
8,122,188
-578,581
-7% -$10.4M
NXEO
29
DELISTED
Nexeo Solutions, Inc. Common Stock
NXEO
$51.6M 0.87%
4,975,855
-205,745
-4% -$2.12M
EBAY icon
30
eBay
EBAY
$52.1B
$47.7M 0.8%
1,949,971
-2,683,160
-58% -$72.2M
MBI icon
31
MBIA
MBI
$278M
$34M 0.57%
5,594,495
+4,649,290
+492% +$29.9M
OSG
32
Octave Specialty Group
OSG
$261M
$27.2M 0.46%
1,877,954
+47,265
+3% +$767K
XELA
33
DELISTED
Exela Technologies, Inc. Common Stock
XELA
$25.8M 0.43%
218
– –
AUMA
34
DELISTED
AR CAPITAL ACQUISITION CORP COMMON STOCK
AUMA
$25.6M 0.43%
2,600,000
– –
MYGN icon
35
Myriad Genetics
MYGN
$502M
$25.6M 0.43%
682,075
-164,346
-19% -$5.83M
PACEU
36
DELISTED
Pace Holdings Corp.
PACEU
$20.4M 0.34%
+2,000,000
New +$20.3M
EAGLU
37
DELISTED
Double Eagle Acquisition Corp.
EAGLU
$20.3M 0.34%
+2,000,000
New +$20.3M
GRSHU
38
DELISTED
Gores Holdings, Inc.
GRSHU
$20.2M 0.34%
+2,000,000
New +$20.2M
TRTL
39
DELISTED
Terrapin 3 Acquisition Corporation Class A
TRTL
$18.1M 0.3%
1,831,500
– –
BLVDU
40
DELISTED
Boulevard Acquisition Corp. II
BLVDU
$16.9M 0.28%
+1,700,000
New +$17M
IBM icon
41
IBM
IBM
$214B
$14.8M 0.25%
107,147
-41
-0% -$6.05K
CHDN icon
42
Churchill Downs
CHDN
$6.22B
$13.5M 0.23%
603,996
– –
ROIQ
43
DELISTED
ROI ACQUISITION CORP II COM STK
ROIQ
$12.4M 0.21%
1,235,900
– –
NEXT icon
44
NextDecade
NEXT
$1.63B
$11.7M 0.2%
1,184,920
– –
ELEC
45
DELISTED
Electrum Special Acquisition Corporation
ELEC
$10.6M 0.18%
+1,100,000
New +$10.5M
APC
46
DELISTED
Anadarko Petroleum
APC
$6.04M 0.1%
100,000
– –
XHR
47
Xenia Hotels & Resorts
XHR
$2.01B
$3.59M 0.06%
205,480
+22,836
+13% +$455K
LMB icon
48
Limbach Holdings
LMB
$864M
$2.94M 0.05%
300,000
– –
QPACW
49
DELISTED
Quinpario Acquisition Corp. 2 Warrant
QPACW
$581K 0.01%
+2,500,000
New +$625K
AGFSW
50
DELISTED
AgroFresh Solutions Inc Warrants
AGFSW
$552K 0.01%
+252,148
New +$576K
1
2
3

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ADIM
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Fir Tree Capital Management's Q3 2015 Portfolio in Review

As of Q3 2015, Fir Tree Capital Management held 76 positions worth $5.97B, down 5% from $6.28B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Fir Tree Capital Management deployed $607M of net new capital in Q3 2015, opening 20 new positions and adding to 11 existing holdings. Its largest new stake was Yahoo Inc: 7,911,279 shares worth $229M.

By sector, the portfolio is most concentrated in Industrials at 19% of assets, down from 20% a quarter earlier, followed by Healthcare and Energy.

On the sell side, the largest reduction was HCA Healthcare, an estimated $88.5M trimmed.

  • Fir Tree Capital Management's largest Q3 2015 buy was Yahoo Inc: 7,911,279 shares worth $229M.
  • Fir Tree Capital Management added most to Teva Pharmaceuticals in Q3 2015, an estimated $212M increase.
  • Fir Tree Capital Management's biggest Q3 2015 reduction was HCA Healthcare, cutting an estimated $88.5M.
  • Fir Tree Capital Management fully exited Equity Commonwealth in Q3 2015, selling an estimated $107M.
  • Fir Tree Capital Management's ten largest holdings make up 54% of its $5.97B portfolio in Q3 2015.
  • Fir Tree Capital Management opened 20 new positions and closed 10 in Q3 2015.
  • Fir Tree Capital Management's portfolio value fell 5% quarter-over-quarter to $5.97B.

Based on Fir Tree Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.