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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
-0.93%
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
$1.03B
AUM Growth
+$26.6M
Cap. Flow
+$102M
Cap. Flow %
9.98%
Top 10 Hldgs %
61.8%
Holding
79
New
20
Increased
4
Reduced
17
Closed
16

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$139M
2
CTXS
Citrix Systems Inc
CTXS
+$59M
3
AGN
Allergan plc
AGN
+$46.9M
4
RTN
Raytheon Company
RTN
+$46.7M
5
AMPY icon
Amplify Energy
AMPY
+$35.2M

Top Sells

Rank Stock Value
1
C icon
Citigroup
C
+$95.3M
2
STAY
Extended Stay America, Inc. Paired Share Unit
STAY
+$49M
3
CNC icon
Centene
CNC
+$26.6M
4
ACEL icon
Accel Entertainment
ACEL
+$21M
5
ACHC icon
Acadia Healthcare
ACHC
+$20.8M

Sector Composition

Rank Sector Weight
1 Technology 18.09%
2 Healthcare 15.12%
3 Utilities 13.07%
4 Consumer Discretionary 12.2%
5 Industrials 9.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ELV icon
26
Elevance Health
ELV
$81.5B
$8.39M 0.82%
+34,933
New +$9.57M
HUM icon
27
Humana
HUM
$43.9B
$8.04M 0.78%
+31,463
New +$8.82M
DM
28
DELISTED
Desktop Metal, Inc.
DM
$7.4M 0.72%
75,000
– –
DKNG icon
29
DraftKings
DKNG
$12.2B
$7.39M 0.72%
+750,000
New +$7.38M
APXTU
30
DELISTED
Apex Technology Acquisition Corporation Unit
APXTU
$6.62M 0.65%
+650,000
New +$6.6M
SONY icon
31
Sony
SONY
$137B
$6.29M 0.61%
531,770
-186,000
-26% -$2.1M
LAZR
32
DELISTED
Luminar Technologies
LAZR
$6.06M 0.59%
40,000
– –
AHCO icon
33
AdaptHealth
AHCO
$1.47B
$5.08M 0.5%
499,500
-500
-0.1% -$5.1K
EXPCU
34
DELISTED
Experience Investment Corp. Unit
EXPCU
$5M 0.49%
+500,000
New +$5.01M
SBE.U
35
DELISTED
Switchback Energy Acquisition Corporation
SBE.U
$5M 0.49%
+500,000
New +$5M
HIMS icon
36
Hims & Hers Health
HIMS
$5.79B
$4.93M 0.48%
+500,000
New +$4.94M
GNOG
37
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
$4.91M 0.48%
500,000
– –
DMS
38
DELISTED
Digital Media Solutions, Inc.
DMS
$4.82M 0.47%
31,382
-31
-0.1% -$4.74K
TXT icon
39
PUT
Textron
TXT
$14.9B
$4.16M 0.41%
+85,000
New +$4.15M
HON icon
40
PUT
Honeywell
HON
$76.4B
$3.99M 0.39%
+25,040
New +$3.98M
NFINU
41
DELISTED
Netfin Acquisition Corp. Unit
NFINU
$3.78M 0.37%
+375,000
New +$3.78M
HEI icon
42
PUT
HEICO Corp
HEI
$49.6B
$3.55M 0.35%
+28,400
New +$3.88M
CCX.U
43
DELISTED
Churchill Capital Corp II
CCX.U
$2.63M 0.26%
250,000
– –
CHAP
44
DELISTED
Chaparral Energy, Inc.
CHAP
$2.34M 0.23%
1,748,494
– –
PIC.U
45
DELISTED
Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on
PIC.U
$2.04M 0.2%
+200,000
New +$2.03M
PVT
46
DELISTED
Pivotal Acquisition Corp.
PVT
$2.04M 0.2%
200,000
– –
NPAUU
47
DELISTED
New Providence Acquisition Corp. Unit
NPAUU
$2.01M 0.2%
+200,000
New +$2.01M
CPAAU
48
DELISTED
Conyers Park II Acquisition Corp. Unit
CPAAU
$1.59M 0.16%
+150,000
New +$1.56M
FPAC.WS
49
DELISTED
Far Point Acquisition Corporation Warrants, exercisable for one share of Class A Common Stock for $1
FPAC.WS
$832K 0.08%
693,020
– –
GSAH.WS
50
DELISTED
GS Acquisition Holdings Corp Warrants, each whole warrant exercisable for one share of Class A Commo
GSAH.WS
$797K 0.08%
561,000
– –
1
2
3 4

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AVM
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WHP
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ADIM
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Fir Tree Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Fir Tree Capital Management held 79 positions worth $1.03B, up 2.7% from $999M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Fir Tree Capital Management deployed $102M of net new capital in Q3 2019, opening 20 new positions and adding to 4 existing holdings. Its largest new stake was Altaba Inc: 2,107,595 shares worth $41.1M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 9.5% a quarter earlier, followed by Healthcare and Utilities.

On the sell side, the largest reduction was Centene, an estimated $26.6M trimmed.

  • Fir Tree Capital Management's largest Q3 2019 buy was Altaba Inc: 2,107,595 shares worth $41.1M.
  • Fir Tree Capital Management added most to Allergan plc in Q3 2019, an estimated $46.9M increase.
  • Fir Tree Capital Management's biggest Q3 2019 reduction was Centene, cutting an estimated $26.6M.
  • Fir Tree Capital Management fully exited Citigroup in Q3 2019, selling an estimated $95.3M.
  • Fir Tree Capital Management's ten largest holdings make up 62% of its $1.03B portfolio in Q3 2019.
  • Fir Tree Capital Management opened 20 new positions and closed 16 in Q3 2019.
  • Fir Tree Capital Management's portfolio value rose 2.7% quarter-over-quarter to $1.03B.

Based on Fir Tree Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.