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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
+3.26%
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
$2.5B
AUM Growth
+$443M
Cap. Flow
+$249M
Cap. Flow %
9.96%
Top 10 Hldgs %
25.28%
Holding
511
New
343
Increased
13
Reduced
40
Closed
80

Top Buys

Rank Stock Value
1
CIT
CIT Group Inc.
CIT
+$53.4M
2
EXC icon
Exelon
EXC
+$50.1M
3
NAAC
North Atlantic Acquisition Corporation Class A Ordinary Share
NAAC
+$29M
4
PCPC
Periphas Capital Partnering Corporation
PCPC
+$26.7M
5
EAC
Edify Acquisition Corp. Class A Common Stock
EAC
+$23.2M

Top Sells

Rank Stock Value
1
SLM icon
SLM Corp
SLM
+$96.6M
2
EXPE icon
Expedia Group
EXPE
+$68.6M
3
SPHR icon
Sphere Entertainment
SPHR
+$61.3M
4
LAMR icon
Lamar Advertising Co
LAMR
+$47M
5
FE icon
FirstEnergy
FE
+$40.8M

Sector Composition

Rank Sector Weight
1 Financials 23.59%
2 Healthcare 9.15%
3 Industrials 8.26%
4 Technology 8.07%
5 Communication Services 7.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOAC
26
DELISTED
GO Acquisition Corp. Class A Common Stock
GOAC
$15.8M 0.63%
1,600,000
+100,000
+7% +$1.03M
ACAHU
27
DELISTED
Atlantic Coastal Acquisition Corp. Unit
ACAHU
$15.3M 0.61%
+1,550,000
New +$15.4M
CONX
28
DELISTED
CONX Corp. Class A Common Stock
CONX
$15.1M 0.6%
1,516,824
+16,824
+1% +$173K
KRE icon
29
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.51B
$15M 0.6%
+226,000
New +$14.1M
IMPX
30
DELISTED
AEA-Bridges Impact Corp
IMPX
$14.7M 0.59%
1,500,000
– –
FPAC
31
DELISTED
Far Peak Acquisition Corporation
FPAC
$14.7M 0.59%
+1,500,000
New +$15.4M
SPR
32
DELISTED
Spirit AeroSystems
SPR
$14.6M 0.58%
300,100
-799,900
-73% -$34.2M
PRO
33
DELISTED
PROS Holdings
PRO
$14.6M 0.58%
342,685
-12,900
-4% -$588K
CTAQ
34
DELISTED
Carney Technology Acquisition Corp. II Class A Common Stock
CTAQ
$14.5M 0.58%
+1,500,000
New +$15.1M
PNTM
35
DELISTED
Pontem Corporation
PNTM
$14.5M 0.58%
+1,500,000
New +$14.6M
GGPIU
36
DELISTED
Gores Guggenheim, Inc. Unit
GGPIU
$13.4M 0.54%
+1,350,000
New +$13.4M
LSXMK
37
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$13.3M 0.53%
387,845
-30,338
-7% -$1.02M
TDOC icon
38
PUT
Teladoc Health
TDOC
$1.66B
$13M 0.52%
+71,500
New +$16.6M
GAMCU
39
DELISTED
Golden Arrow Merger Corp. Unit
GAMCU
$12.9M 0.52%
+1,300,000
New +$12.9M
ANZUU
40
DELISTED
Anzu Special Acquisition Corp I Units
ANZUU
$12.1M 0.48%
+1,211,390
New +$12.1M
ENPC
41
DELISTED
Executive Network Partnering Corporation
ENPC
$11.4M 0.46%
1,174,434
+799,584
+213% +$8.02M
TACA
42
DELISTED
Trepont Acquisition Corp I
TACA
$10.8M 0.43%
+1,100,000
New +$11.2M
LSXMA
43
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$10.4M 0.42%
322,458
-38,380
-11% -$1.23M
CRHC
44
DELISTED
Cohn Robbins Holdings Corp.
CRHC
$10.3M 0.41%
1,048,307
+48,307
+5% +$509K
MSDAU
45
DELISTED
MSD Acquisition Corp. Unit
MSDAU
$9.99M 0.4%
+984,693
New +$9.88M
KAHC.U
46
DELISTED
KKR Acquisition Holdings I Corp. Units, each consisting of one share of Class A Common Stock and one-fourth of one redeemable warrant
KAHC.U
$9.97M 0.4%
+995,657
New +$9.97M
MACC.U
47
DELISTED
Mission Advancement Corp. Units, each consisting of one share of Class A Common Stock and one-third of one Redeemable Warrant
MACC.U
$9.95M 0.4%
+1,000,000
New +$9.97M
EQD
48
DELISTED
Equity Distribution Acquisition Corp.
EQD
$9.91M 0.4%
1,000,000
– –
COOL
49
DELISTED
Corner Growth Acquisition Corp. Class A Ordinary Shares
COOL
$9.79M 0.39%
+1,000,000
New +$9.93M
SCOA
50
DELISTED
ScION Tech Growth I Class A Ordinary Shares
SCOA
$9.79M 0.39%
+1,000,000
New +$10.1M
1
2
3 4 5

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Fir Tree Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Fir Tree Capital Management held 511 positions worth $2.5B, up 21% from $2.06B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Fir Tree Capital Management deployed $249M of net new capital in Q1 2021, opening 343 new positions and adding to 13 existing holdings. Its largest new stake was CIT Group Inc.: 1,191,290 shares worth $61.4M.

By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 14% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was SLM Corp, an estimated $96.6M trimmed.

  • Fir Tree Capital Management's largest Q1 2021 buy was CIT Group Inc.: 1,191,290 shares worth $61.4M.
  • Fir Tree Capital Management added most to Outfront Media in Q1 2021, an estimated $18.9M increase.
  • Fir Tree Capital Management's biggest Q1 2021 reduction was SLM Corp, cutting an estimated $96.6M.
  • Fir Tree Capital Management fully exited Expedia Group in Q1 2021, selling an estimated $68.6M.
  • Fir Tree Capital Management's ten largest holdings make up 25% of its $2.5B portfolio in Q1 2021.
  • Fir Tree Capital Management opened 343 new positions and closed 80 in Q1 2021.
  • Fir Tree Capital Management's portfolio value rose 21% quarter-over-quarter to $2.5B.

Based on Fir Tree Capital Management's 13F filing for Q1 2021, filed 17 May 2021.