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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
+3.42%
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
$2.48B
AUM Growth
+$143M
Cap. Flow
+$110M
Cap. Flow %
4.42%
Top 10 Hldgs %
62.23%
Holding
81
New
22
Increased
4
Reduced
13
Closed
19

Top Buys

Rank Stock Value
1
RAI
Reynolds American Inc
RAI
+$228M
2
NXPI icon
NXP Semiconductors
NXPI
+$133M
3
AMPY icon
Amplify Energy
AMPY
+$127M
4
EXPE icon
Expedia Group
EXPE
+$102M
5
SD icon
SandRidge Energy
SD
+$41.2M

Top Sells

Rank Stock Value
1
IPG
Interpublic Group of Companies
IPG
+$131M
2
AAP icon
Advance Auto Parts
AAP
+$95.2M
3
CDK
CDK Global, Inc.
CDK
+$83.3M
4
TIVO
Tivo Inc
TIVO
+$81.9M
5
LILAK icon
Liberty Latin America Class C
LILAK
+$81.2M

Sector Composition

Rank Sector Weight
1 Energy 17.78%
2 Technology 14.63%
3 Consumer Staples 14.25%
4 Industrials 13.46%
5 Healthcare 9.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EACQ
26
DELISTED
Easterly Acquisition Corp
EACQ
$18.2M 0.73%
1,850,000
– –
BLVD
27
DELISTED
Boulevard Acquisition Corp. II Class A Common Stock
BLVD
$16.8M 0.68%
1,700,000
– –
SCAC
28
DELISTED
Saban Capital Acquisition Corp. Class A Ordinary Share
SCAC
$16M 0.65%
+1,600,000
New +$16.7M
CWEI
29
DELISTED
Clayton Williams Energy, Inc.
CWEI
$15.5M 0.62%
129,910
-68,093
-34% -$6.83M
ASAP
30
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
$14.7M 0.59%
75,000
– –
CPAA
31
DELISTED
Conyers Park Acquisition Corp. Class A Common Stock
CPAA
$14.3M 0.58%
1,400,000
– –
TRVG
32
trivago
TRVG
$387M
$13.6M 0.55%
+231,873
New +$13.7M
NEXT icon
33
NextDecade
NEXT
$1.63B
$12M 0.48%
1,184,920
– –
JONE
34
DELISTED
Jones Energy, Inc.
JONE
$10.9M 0.44%
+118,567
New +$9.6M
ELEC
35
DELISTED
Electrum Special Acquisition Corporation
ELEC
$10.9M 0.44%
1,100,000
– –
CLAC
36
DELISTED
Capitol Acquisition Corp. III
CLAC
$9.95M 0.4%
1,000,000
– –
PRPL icon
37
Purple Innovation
PRPL
$35.7M
$6.96M 0.28%
28,000
– –
OMF icon
38
OneMain Financial
OMF
$7.19B
$5.64M 0.23%
+254,900
New +$6.26M
ADI icon
39
Analog Devices
ADI
$178B
$5.33M 0.21%
+73,343
New +$4.99M
DSKE
40
DELISTED
Daseke, Inc. Common Stock
DSKE
$5.04M 0.2%
500,000
– –
CIVI
41
DELISTED
Civitas Resources
CIVI
$3.89M 0.16%
34,170
+16,131
+89% +$2.07M
GST
42
DELISTED
Gastar Exploration Inc.
GST
$3.59M 0.14%
+2,315,100
New +$2.8M
CPAAW
43
DELISTED
Conyers Park Acquisition Corp. Warrant
CPAAW
$1.46M 0.06%
+466,666
New +$1.25M
LW icon
44
Lamb Weston
LW
$7.51B
$1.36M 0.05%
+35,955
New +$1.23M
CFCOW
45
DELISTED
CF Corporation
CFCOW
$1.25M 0.05%
1,000,000
– –
PACEW
46
DELISTED
Pace Holdings Corp. Warrants
PACEW
$1.19M 0.05%
1,989,037
-10,963
-0.5% -$5.32K
LCAHW
47
DELISTED
Landcadia Holdings, Inc. Warrant
LCAHW
$1.05M 0.04%
1,500,000
– –
EAGLW
48
DELISTED
Double Eagle Acquisition Corp. Warrant
EAGLW
$980K 0.04%
2,085,000
– –
TWNKW
49
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$819K 0.03%
+467,965
New +$807K
SCACW
50
DELISTED
Saban Capital Acquisition Corp. Warrants
SCACW
$760K 0.03%
+800,000
New +$525K
1
2
3

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Fir Tree Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Fir Tree Capital Management held 81 positions worth $2.48B, up 6.1% from $2.34B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Fir Tree Capital Management deployed $110M of net new capital in Q4 2016, opening 22 new positions and adding to 4 existing holdings. Its largest new stake was Reynolds American Inc: 4,305,955 shares worth $241M.

By sector, the portfolio is most concentrated in Energy at 18% of assets, up from 11% a quarter earlier, followed by Technology and Consumer Staples.

On the sell side, the largest reduction was Advance Auto Parts, an estimated $95.2M trimmed.

  • Fir Tree Capital Management's largest Q4 2016 buy was Reynolds American Inc: 4,305,955 shares worth $241M.
  • Fir Tree Capital Management added most to Hewlett Packard in Q4 2016, an estimated $36.1M increase.
  • Fir Tree Capital Management's biggest Q4 2016 reduction was Advance Auto Parts, cutting an estimated $95.2M.
  • Fir Tree Capital Management fully exited Interpublic Group of Companies in Q4 2016, selling an estimated $131M.
  • Fir Tree Capital Management's ten largest holdings make up 62% of its $2.48B portfolio in Q4 2016.
  • Fir Tree Capital Management opened 22 new positions and closed 19 in Q4 2016.
  • Fir Tree Capital Management's portfolio value rose 6.1% quarter-over-quarter to $2.48B.

Based on Fir Tree Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.