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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
+19.6%
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
$2.06B
AUM Growth
+$77.9M
Cap. Flow
-$271M
Cap. Flow %
-13.16%
Top 10 Hldgs %
36.15%
Holding
224
New
110
Increased
9
Reduced
19
Closed
57

Top Buys

Rank Stock Value
1
ABBV icon
AbbVie
ABBV
+$60.4M
2
OUT icon
Outfront Media
OUT
+$38.5M
3
BSX icon
Boston Scientific
BSX
+$35.7M
4
SPR
Spirit AeroSystems
SPR
+$31.5M
5
LAMR icon
Lamar Advertising Co
LAMR
+$29.7M

Top Sells

Rank Stock Value
1
EIX icon
Edison International
EIX
+$131M
2
CPAY icon
Corpay
CPAY
+$81.3M
3
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
+$79.7M
4
EXC icon
Exelon
EXC
+$57.9M
5
SLM icon
SLM Corp
SLM
+$56.8M

Sector Composition

Rank Sector Weight
1 Financials 14.37%
2 Communication Services 14.06%
3 Industrials 11%
4 Healthcare 10.77%
5 Technology 9.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FWONK icon
26
Liberty Media Series C
FWONK
$25.5B
$19.2M 0.93%
+466,368
New +$18M
ORGN
27
DELISTED
Origin Materials
ORGN
$19.1M 0.93%
60,000
– –
PRO
28
DELISTED
PROS Holdings
PRO
$18.1M 0.88%
+355,585
New +$14.1M
DIS icon
29
Walt Disney
DIS
$171B
$16.5M 0.8%
90,848
– –
FPAC.U
30
DELISTED
Far Peak Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant
FPAC.U
$15.5M 0.75%
+1,500,000
New +$15.3M
CONX
31
DELISTED
CONX Corp. Class A Common Stock
CONX
$15.4M 0.75%
+1,500,000
New +$15.3M
CTAQU
32
DELISTED
Carney Technology Acquisition Corp. II Units
CTAQU
$15.4M 0.75%
+1,500,000
New +$15.4M
GOAC
33
DELISTED
GO Acquisition Corp. Class A Common Stock
GOAC
$15.3M 0.74%
1,500,000
– –
IMPX
34
DELISTED
AEA-Bridges Impact Corp
IMPX
$15.2M 0.73%
+1,500,000
New +$15M
CNC icon
35
CALL
Centene
CNC
$30.5B
$15.1M 0.73%
+250,800
New +$15.9M
LSXMK
36
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$14.1M 0.68%
+418,183
New +$12.8M
WPF
37
DELISTED
Foley Trasimene Acquisition Corp.
WPF
$12.6M 0.61%
1,130,895
-580,588
-34% -$6.04M
MVST icon
38
Microvast
MVST
$237M
$12.1M 0.59%
710,000
– –
LSXMA
39
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$11.5M 0.56%
+360,838
New +$10.4M
HAACU
40
DELISTED
Health Assurance Acquisition Corp. SAIL Securities
HAACU
$11M 0.53%
+1,000,000
New +$10.8M
TSIAU
41
DELISTED
TS Innovation Acquisitions Corp. Unit
TSIAU
$10.5M 0.51%
+1,000,000
New +$10.2M
COOLU
42
DELISTED
Corner Growth Acquisition Corp. Unit
COOLU
$10.4M 0.51%
+1,000,000
New +$10.4M
THCA
43
DELISTED
Tuscan Holdings Corp. II Common Stock
THCA
$10.4M 0.51%
946,605
-348,920
-27% -$3.61M
CRHC
44
DELISTED
Cohn Robbins Holdings Corp.
CRHC
$10.4M 0.51%
+1,000,000
New +$9.97M
TALK icon
45
Talkspace
TALK
$874M
$10.4M 0.5%
960,282
-39,718
-4% -$395K
TACA.U
46
DELISTED
Trepont Acquisition Corp I Units, each consisting of one Class A ordinary share and one-half of one
TACA.U
$10.4M 0.5%
+1,000,000
New +$10.3M
PIPP.U
47
DELISTED
Pine Island Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
PIPP.U
$10.3M 0.5%
+998,080
New +$10.3M
EQD
48
DELISTED
Equity Distribution Acquisition Corp.
EQD
$10.2M 0.5%
+1,000,000
New +$10.1M
SST icon
49
System1
SST
$14.3M
$10.2M 0.49%
94,290
– –
SCOAU
50
DELISTED
ScION Tech Growth I Unit
SCOAU
$9.31M 0.45%
+900,000
New +$9.27M
1
2
3 4 5

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Fir Tree Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Fir Tree Capital Management held 224 positions worth $2.06B, up 3.9% from $1.98B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Fir Tree Capital Management withdrew a net $271M in Q4 2020, closing 57 positions and reducing 19 holdings. Its most notable exit was Edison International, an estimated $131M position sold in full.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 15% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in AbbVie worth $67.3M.

  • Fir Tree Capital Management's largest Q4 2020 buy was AbbVie: 628,229 shares worth $67.3M.
  • Fir Tree Capital Management added most to Lamar Advertising Co in Q4 2020, an estimated $29.7M increase.
  • Fir Tree Capital Management's biggest Q4 2020 reduction was SLM Corp, cutting an estimated $56.8M.
  • Fir Tree Capital Management fully exited Edison International in Q4 2020, selling an estimated $131M.
  • Fir Tree Capital Management's ten largest holdings make up 36% of its $2.06B portfolio in Q4 2020.
  • Fir Tree Capital Management opened 110 new positions and closed 57 in Q4 2020.
  • Fir Tree Capital Management's portfolio value rose 3.9% quarter-over-quarter to $2.06B.

Based on Fir Tree Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.