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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
+2.97%
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
$3.71B
AUM Growth
+$203M
Cap. Flow
+$116M
Cap. Flow %
3.11%
Top 10 Hldgs %
55.58%
Holding
89
New
14
Increased
9
Reduced
10
Closed
17

Top Buys

Rank Stock Value
1
PX
Praxair Inc
PX
+$187M
2
MGM icon
MGM Resorts International
MGM
+$69.8M
3
BOBE
Bob Evans Farms, Inc.
BOBE
+$65.2M
4
CPN
Calpine Corporation
CPN
+$58.6M
5
AET
Aetna Inc
AET
+$58.4M

Top Sells

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$75.6M
2
HRI icon
Herc Holdings
HRI
+$58M
3
EFX icon
Equifax
EFX
+$51M
4
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
+$40M
5
WSC icon
WillScot Mobile Mini Holdings
WSC
+$35.1M

Sector Composition

Rank Sector Weight
1 Technology 19.27%
2 Consumer Discretionary 18.77%
3 Financials 14.67%
4 Energy 11.7%
5 Communication Services 6.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORCL icon
26
Oracle
ORCL
$340B
$45.3M 1.22%
958,808
– –
DDS icon
27
PUT
Dillards
DDS
$9.15B
$30M 0.81%
500,000
– –
MGY icon
28
Magnolia Oil & Gas
MGY
$5.82B
$25.3M 0.68%
2,600,000
– –
VEAC
29
DELISTED
Vantage Energy Acquisition Corp. Class A
VEAC
$24.3M 0.65%
2,500,000
– –
KNTK icon
30
Kinetik
KNTK
$3.76B
$24.3M 0.65%
250,000
– –
GST
31
DELISTED
Gastar Exploration Inc.
GST
$22.4M 0.6%
21,351,973
– –
REN
32
DELISTED
Resolute Energy Corporaton
REN
$22M 0.59%
700,156
– –
VRRM icon
33
Verra Mobility
VRRM
$817M
$21.9M 0.59%
2,200,000
– –
GTYH
34
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
$18.9M 0.51%
1,900,059
– –
USWS
35
DELISTED
U.S. Well Services, Inc. Class A Common Stock
USWS
$18.6M 0.5%
90,476
– –
MOSC.U
36
DELISTED
Mosaic Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-third o
MOSC.U
$18.3M 0.49%
+1,800,000
New +$18.2M
ORGO icon
37
Organogenesis Holdings
ORGO
$322M
$17.9M 0.48%
1,800,000
– –
CTOS icon
38
Custom Truck One Source
CTOS
$2.21B
$17.5M 0.47%
+1,800,000
New +$17.5M
FSAC
39
DELISTED
Federal Street Acquisition Corp. Common Stock
FSAC
$17.5M 0.47%
1,800,000
– –
HK
40
DELISTED
Halcon Resources Corporation
HK
$16.2M 0.44%
2,137,959
-212,539
-9% -$1.46M
SCAC
41
DELISTED
Saban Capital Acquisition Corp. Class A Ordinary Share
SCAC
$15.9M 0.43%
1,600,000
– –
SPCE icon
42
Virgin Galactic
SPCE
$315M
$15.1M 0.41%
75,000
– –
ASAP
43
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
$14.9M 0.4%
75,000
– –
RWGE.U
44
DELISTED
Regalwood Global Energy Ltd. Units, each consisting of one Class A ordinary share and one-third of o
RWGE.U
$14.9M 0.4%
+1,500,000
New +$15M
ACEL icon
45
Accel Entertainment
ACEL
$1B
$13.7M 0.37%
1,400,000
– –
DMTK
46
DELISTED
DermTech, Inc. Common Stock
DMTK
$12.2M 0.33%
625,000
– –
NRCG
47
DELISTED
NRC Group Holdings Corp.
NRCG
$9.8M 0.26%
1,000,000
– –
JONE
48
DELISTED
Jones Energy, Inc.
JONE
$6.76M 0.18%
307,189
+57,978
+23% +$1.35M
LGCY
49
DELISTED
Legacy Reserves Inc. Common Stock
LGCY
$6.12M 0.16%
+3,800,000
New +$5.67M
EPE
50
DELISTED
EP Energy Corporation
EPE
$5.05M 0.14%
2,140,497
-313,266
-13% -$749K
1
2
3 4

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Fir Tree Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Fir Tree Capital Management held 89 positions worth $3.71B, up 5.8% from $3.51B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Fir Tree Capital Management deployed $116M of net new capital in Q4 2017, opening 14 new positions and adding to 9 existing holdings. Its largest new stake was Praxair Inc: 1,262,697 shares worth $195M.

By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was Altaba Inc, an estimated $75.6M trimmed.

  • Fir Tree Capital Management's largest Q4 2017 buy was Praxair Inc: 1,262,697 shares worth $195M.
  • Fir Tree Capital Management added most to MGM Resorts International in Q4 2017, an estimated $69.8M increase.
  • Fir Tree Capital Management's biggest Q4 2017 reduction was Altaba Inc, cutting an estimated $75.6M.
  • Fir Tree Capital Management fully exited Herc Holdings in Q4 2017, selling an estimated $58M.
  • Fir Tree Capital Management's ten largest holdings make up 56% of its $3.71B portfolio in Q4 2017.
  • Fir Tree Capital Management opened 14 new positions and closed 17 in Q4 2017.
  • Fir Tree Capital Management's portfolio value rose 5.8% quarter-over-quarter to $3.71B.

Based on Fir Tree Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.