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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
+5.13%
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
$2.44B
AUM Growth
-$198M
Cap. Flow
-$292M
Cap. Flow %
-11.96%
Top 10 Hldgs %
73.14%
Holding
69
New
10
Increased
4
Reduced
15
Closed
10

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$90M
2
TAP icon
Molson Coors Class B
TAP
+$84.5M
3
EMC
EMC CORPORATION
EMC
+$57.8M
4
CI icon
Cigna
CI
+$51.9M
5
MON
Monsanto Co
MON
+$34.6M

Top Sells

Rank Stock Value
1
HCA icon
HCA Healthcare
HCA
+$99.1M
2
CDK
CDK Global, Inc.
CDK
+$92.9M
3
YHOO
Yahoo Inc
YHOO
+$62M
4
AGN
Allergan plc
AGN
+$50.2M
5
TEVA icon
Teva Pharmaceuticals
TEVA
+$49.8M

Sector Composition

Rank Sector Weight
1 Healthcare 20.07%
2 Industrials 18.39%
3 Technology 13.83%
4 Energy 9.92%
5 Real Estate 8.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BLVD
26
DELISTED
Boulevard Acquisition Corp. II Class A Common Stock
BLVD
$16.6M 0.68%
1,700,000
– –
LCAHU
27
DELISTED
Landcadia Holdings, Inc. Unit
LCAHU
$15.1M 0.62%
+1,500,000
New +$15M
PR
28
Permian Resources
PR
$16.5B
$14.7M 0.6%
+1,500,000
New +$15M
CWEI
29
DELISTED
Clayton Williams Energy, Inc.
CWEI
$12.8M 0.53%
467,095
– –
NEXT icon
30
NextDecade
NEXT
$1.63B
$11.8M 0.49%
1,184,920
– –
ELEC
31
DELISTED
Electrum Special Acquisition Corporation
ELEC
$10.7M 0.44%
1,100,000
– –
CLAC
32
DELISTED
Capitol Acquisition Corp. III
CLAC
$9.68M 0.4%
1,000,000
– –
OSG
33
Octave Specialty Group
OSG
$261M
$7.83M 0.32%
476,021
-765,703
-62% -$12.3M
HCA icon
34
HCA Healthcare
HCA
$92.8B
$7.7M 0.32%
100,000
-1,255,422
-93% -$99.1M
PRPL icon
35
Purple Innovation
PRPL
$35.7M
$6.86M 0.28%
28,000
– –
DSKE
36
DELISTED
Daseke, Inc. Common Stock
DSKE
$4.9M 0.2%
500,000
– –
AGRO icon
37
Adecoagro
AGRO
$1.45B
$4.66M 0.19%
425,000
– –
CIVI
38
DELISTED
Civitas Resources
CIVI
$4.05M 0.17%
18,039
– –
REN
39
DELISTED
Resolute Energy Corporaton
REN
$2.85M 0.12%
+960,456
New +$2.94M
LMB icon
40
Limbach Holdings
LMB
$864M
$2.78M 0.11%
300,000
– –
SGY
41
DELISTED
Stone Energy
SGY
$1.18M 0.05%
+17,248
New +$690K
NXEOW
42
DELISTED
Nexeo Solutions, Inc. Warrant
NXEOW
$1.16M 0.05%
+1,682,086
New +$1.3M
EACQW
43
DELISTED
Easterly Acquisition Corp.
EACQW
$578K 0.02%
875,400
-49,600
-5% -$18.5K
PACEW
44
DELISTED
Pace Holdings Corp. Warrants
PACEW
$500K 0.02%
2,000,000
– –
GRSHW
45
DELISTED
Gores Holdings, Inc. Warrants
GRSHW
$500K 0.02%
2,000,000
– –
EAGLW
46
DELISTED
Double Eagle Acquisition Corp. Warrant
EAGLW
$480K 0.02%
2,000,000
– –
QPACW
47
DELISTED
Quinpario Acquisition Corp. 2 Warrant
QPACW
$450K 0.02%
2,500,000
– –
TRTLW
48
DELISTED
Terrapin 3 Acquisition Corporation
TRTLW
$368K 0.02%
1,753,063
-78,437
-4% -$21.1K
IBM icon
49
IBM
IBM
$214B
$309K 0.01%
2,129
-303
-12% -$43.4K
HCACW
50
DELISTED
Hennessy Capital Acquisition Corp. II
HCACW
$285K 0.01%
459,500
-40,500
-8% -$13.1K
1
2
3

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PC
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WHP
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Fir Tree Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Fir Tree Capital Management held 69 positions worth $2.44B, down 7.5% from $2.64B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Fir Tree Capital Management withdrew a net $292M in Q2 2016, closing 10 positions and reducing 15 holdings. Its most notable exit was Nexeo Solutions, Inc. Common Stock, an estimated $48.9M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 20% of assets, down from 28% a quarter earlier, followed by Industrials and Technology.

Against the trend, Fir Tree Capital Management opened a new position in Microsoft worth $88.6M.

  • Fir Tree Capital Management's largest Q2 2016 buy was Microsoft: 1,731,200 shares worth $88.6M.
  • Fir Tree Capital Management added most to EMC CORPORATION in Q2 2016, an estimated $57.8M increase.
  • Fir Tree Capital Management's biggest Q2 2016 reduction was HCA Healthcare, cutting an estimated $99.1M.
  • Fir Tree Capital Management fully exited Nexeo Solutions, Inc. Common Stock in Q2 2016, selling an estimated $48.9M.
  • Fir Tree Capital Management's ten largest holdings make up 73% of its $2.44B portfolio in Q2 2016.
  • Fir Tree Capital Management opened 10 new positions and closed 10 in Q2 2016.
  • Fir Tree Capital Management's portfolio value fell 7.5% quarter-over-quarter to $2.44B.

Based on Fir Tree Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.