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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
+3.2%
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
$2.24B
AUM Growth
-$178M
Cap. Flow
-$143M
Cap. Flow %
-6.38%
Top 10 Hldgs %
59.4%
Holding
81
New
12
Increased
7
Reduced
9
Closed
12

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$154M
2
NXPI icon
NXP Semiconductors
NXPI
+$117M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$68.9M
4
KANG
iKang Healthcare Group, Inc.
KANG
+$46M
5
SIRI icon
SiriusXM
SIRI
+$40.5M

Top Sells

Rank Stock Value
1
TWX
Time Warner Inc
TWX
+$188M
2
EQIX icon
Equinix
EQIX
+$136M
3
PCG icon
PG&E
PCG
+$79.9M
4
MSFT icon
Microsoft
MSFT
+$54.6M
5
ORCL icon
Oracle
ORCL
+$43.9M

Sector Composition

Rank Sector Weight
1 Technology 21.83%
2 Energy 17.83%
3 Financials 15.49%
4 Consumer Discretionary 13.16%
5 Utilities 9.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GTYH
26
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
$19.1M 0.85%
1,900,059
– –
USWS
27
DELISTED
U.S. Well Services, Inc. Class A Common Stock
USWS
$18.8M 0.84%
90,476
– –
MOSC.U
28
DELISTED
Mosaic Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-third o
MOSC.U
$18M 0.8%
1,800,000
– –
CTOS icon
29
Custom Truck One Source
CTOS
$2.35B
$17.8M 0.79%
1,800,000
– –
FSAC
30
DELISTED
Federal Street Acquisition Corp. Common Stock
FSAC
$17.6M 0.78%
1,800,000
– –
GSAH.U
31
DELISTED
GS Acquisition Holdings Corp. Units, each consisting of one share of Class A common stock and one-th
GSAH.U
$17.4M 0.78%
+1,700,000
New +$17.4M
ORGO icon
32
Organogenesis Holdings
ORGO
$326M
$17.1M 0.76%
1,700,000
– –
AVGO icon
33
CALL
Broadcom
AVGO
$1.81T
$17M 0.76%
700,000
– –
SCAC
34
DELISTED
Saban Capital Acquisition Corp. Class A Ordinary Share
SCAC
$16.2M 0.72%
1,600,000
– –
SPCE icon
35
Virgin Galactic
SPCE
$320M
$15.1M 0.67%
75,000
– –
RWGE
36
DELISTED
Regalwood Global Energy Ltd. Class A Ordinary Shares
RWGE
$14.6M 0.65%
1,500,000
– –
ACEL icon
37
Accel Entertainment
ACEL
$1.01B
$13.9M 0.62%
1,400,000
– –
AMR
38
DELISTED
Alta Mesa Resources Inc
AMR
$12.9M 0.58%
+1,894,500
New +$13.7M
DMTK
39
DELISTED
DermTech, Inc. Common Stock
DMTK
$12.4M 0.56%
625,000
– –
GST
40
DELISTED
Gastar Exploration Inc.
GST
$11.8M 0.52%
21,005,154
– –
I
41
DELISTED
INTELSAT S. A.
I
$11.2M 0.5%
+672,113
New +$8.69M
NFC.U
42
DELISTED
New Frontier Corporation Units, each consisting of one Class A Ordinary Share and one half of one Wa
NFC.U
$10.1M 0.45%
+1,000,000
New +$10.1M
TH icon
43
Target Hospitality
TH
$1.47B
$9.76M 0.44%
1,000,000
– –
DLPH
44
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$9.37M 0.42%
206,000
– –
DFBHU
45
DELISTED
DFB Healthcare Acquisitions Corp. Unit
DFBHU
$5.09M 0.23%
500,000
– –
LHC.U
46
DELISTED
Leo Holdings Corp. II Units, each consisting of one Class A ordinary share and one-quarter of one redeemable warrant
LHC.U
$5.08M 0.23%
500,000
– –
TPGE.WS
47
DELISTED
TPG Pace Energy Holdings Corp.
TPGE.WS
$4.03M 0.18%
1,466,666
+600,000
+69% +$1.4M
AKRX
48
DELISTED
Akorn Inc
AKRX
$3.01M 0.13%
+181,275
New +$2.78M
JONE
49
DELISTED
Jones Energy, Inc.
JONE
$2.15M 0.1%
289,672
-17,517
-6% -$199K
GSHTW
50
DELISTED
Gores Holdings II, Inc. Warrants
GSHTW
$1.25M 0.06%
733,333
– –
1
2
3 4

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Fir Tree Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Fir Tree Capital Management held 81 positions worth $2.24B, down 7.4% from $2.42B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Fir Tree Capital Management withdrew a net $143M in Q2 2018, closing 12 positions and reducing 9 holdings. Its most notable exit was Time Warner Inc, an estimated $188M position sold in full.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 12% a quarter earlier, followed by Energy and Financials.

Against the trend, Fir Tree Capital Management opened a new position in Altaba Inc worth $151M.

  • Fir Tree Capital Management's largest Q2 2018 buy was Altaba Inc: 2,060,000 shares worth $151M.
  • Fir Tree Capital Management added most to NXP Semiconductors in Q2 2018, an estimated $117M increase.
  • Fir Tree Capital Management's biggest Q2 2018 reduction was Microsoft, cutting an estimated $54.6M.
  • Fir Tree Capital Management fully exited Time Warner Inc in Q2 2018, selling an estimated $188M.
  • Fir Tree Capital Management's ten largest holdings make up 59% of its $2.24B portfolio in Q2 2018.
  • Fir Tree Capital Management opened 12 new positions and closed 12 in Q2 2018.
  • Fir Tree Capital Management's portfolio value fell 7.4% quarter-over-quarter to $2.24B.

Based on Fir Tree Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.