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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
+3.89%
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
$3.51B
AUM Growth
+$186M
Cap. Flow
-$124M
Cap. Flow %
-3.53%
Top 10 Hldgs %
59.65%
Holding
96
New
20
Increased
10
Reduced
17
Closed
21

Top Buys

Rank Stock Value
1
LKQ icon
LKQ Corp
LKQ
+$135M
2
APTV icon
Aptiv
APTV
+$69.6M
3
EFX icon
Equifax
EFX
+$63.6M
4
UPL
Ultra Petroleum Corp. Common Stock
UPL
+$55M
5
MFGP
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
+$47.9M

Top Sells

Rank Stock Value
1
MON
Monsanto Co
MON
+$152M
2
PNRA
Panera Bread Co
PNRA
+$113M
3
AAP icon
Advance Auto Parts
AAP
+$106M
4
ORCL icon
Oracle
ORCL
+$95.8M
5
CDK
CDK Global, Inc.
CDK
+$72.3M

Sector Composition

Rank Sector Weight
1 Technology 20.2%
2 Miscellaneous 18.23%
3 Financials 15.59%
4 Consumer Discretionary 13.94%
5 Energy 13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DDS icon
26
PUT
Dillards
DDS
$10.2B
$28M 0.8%
+500,000
New +$30.8M
MGY icon
27
Magnolia Oil & Gas
MGY
$6.58B
$25.4M 0.72%
2,600,000
– –
VEAC
28
DELISTED
Vantage Energy Acquisition Corp. Class A
VEAC
$24.5M 0.7%
2,500,000
– –
KNTK icon
29
Kinetik
KNTK
$4.4B
$24.4M 0.69%
250,000
– –
BLVD
30
DELISTED
Boulevard Acquisition Corp. II Class A Common Stock
BLVD
$22M 0.63%
2,200,000
+500,000
+29% +$5M
VRRM icon
31
Verra Mobility
VRRM
$552M
$21.9M 0.62%
2,200,000
– –
REN
32
DELISTED
Resolute Energy Corporaton
REN
$20.8M 0.59%
700,156
– –
GTYH
33
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
$19.1M 0.54%
1,900,059
– –
GST
34
DELISTED
Gastar Exploration Inc.
GST
$18.8M 0.54%
21,351,973
+5,119,666
+32% +$3.82M
USWS
35
DELISTED
U.S. Well Services, Inc. Class A Common Stock
USWS
$18.6M 0.53%
90,476
– –
FG
36
DELISTED
FGL Holdings Ordinary Shares
FG
$18.4M 0.53%
1,646,258
-1,211,338
-42% -$13.3M
CIC.U
37
DELISTED
Capitol Investment Corp. IV
CIC.U
$18.2M 0.52%
+1,800,000
New +$18.1M
ORGO icon
38
Organogenesis Holdings
ORGO
$192M
$18M 0.51%
1,800,000
– –
FSAC
39
DELISTED
Federal Street Acquisition Corp. Common Stock
FSAC
$17.6M 0.5%
+1,800,000
New +$17.6M
SCAC
40
DELISTED
Saban Capital Acquisition Corp. Class A Ordinary Share
SCAC
$16.1M 0.46%
1,600,000
– –
SGY
41
DELISTED
Stone Energy
SGY
$16M 0.46%
550,901
-522,393
-49% -$12.5M
HK
42
DELISTED
Halcon Resources Corporation
HK
$16M 0.46%
2,350,498
-4,524,674
-66% -$28.3M
SPCE icon
43
Virgin Galactic
SPCE
$458M
$15.2M 0.43%
+75,000
New +$15.2M
ASAP
44
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
$15M 0.43%
75,000
– –
ACEL icon
45
Accel Entertainment
ACEL
$942M
$13.8M 0.39%
+1,400,000
New +$13.7M
DMTK
46
DELISTED
DermTech, Inc. Common Stock
DMTK
$12.2M 0.35%
+625,000
New +$12.2M
ELEC
47
DELISTED
Electrum Special Acquisition Corporation
ELEC
$11.3M 0.32%
1,100,000
– –
NRCG
48
DELISTED
NRC Group Holdings Corp.
NRCG
$9.86M 0.28%
+1,000,000
New +$9.81M
JONE
49
DELISTED
Jones Energy, Inc.
JONE
$9.57M 0.27%
249,211
-16,909
-6% -$451K
EPE
50
DELISTED
EP Energy Corporation
EPE
$8M 0.23%
2,453,763
-1,127,715
-31% -$3.68M
1
2
3 4

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Fir Tree Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Fir Tree Capital Management held 96 positions worth $3.51B, up 5.6% from $3.32B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Fir Tree Capital Management withdrew a net $124M in Q3 2017, closing 21 positions and reducing 17 holdings. Its most notable exit was Monsanto Co, an estimated $152M position sold in full.

By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 21% a quarter earlier, followed by Miscellaneous and Financials.

Against the trend, Fir Tree Capital Management opened a new position in Aptiv worth $72.6M.

  • Fir Tree Capital Management's largest Q3 2017 buy was Aptiv: 737,500 shares worth $72.6M.
  • Fir Tree Capital Management added most to LKQ Corp in Q3 2017, an estimated $135M increase.
  • Fir Tree Capital Management's biggest Q3 2017 reduction was Oracle, cutting an estimated $95.8M.
  • Fir Tree Capital Management fully exited Monsanto Co in Q3 2017, selling an estimated $152M.
  • Fir Tree Capital Management's ten largest holdings make up 60% of its $3.51B portfolio in Q3 2017.
  • Fir Tree Capital Management opened 20 new positions and closed 21 in Q3 2017.
  • Fir Tree Capital Management's portfolio value rose 5.6% quarter-over-quarter to $3.51B.

Based on Fir Tree Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.