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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
-1.2%
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
$3.6B
AUM Growth
-$98.9M
Cap. Flow
-$152M
Cap. Flow %
-4.22%
Top 10 Hldgs %
14.37%
Holding
847
New
125
Increased
41
Reduced
78
Closed
107

Top Buys

Rank Stock Value
1
FCNCA icon
First Citizens BancShares
FCNCA
+$69.9M
2
PYPL icon
PayPal
PYPL
+$50M
3
META icon
Meta Platforms (Facebook)
META
+$42.8M
4
Z icon
Zillow
Z
+$34.2M
5
PENN icon
PENN Entertainment
PENN
+$34.1M

Top Sells

Rank Stock Value
1
CIT
CIT Group Inc.
CIT
+$96.3M
2
HIG icon
Hartford Financial Services
HIG
+$59.8M
3
CNH
CNH Industrial
CNH
+$43.7M
4
ZBH icon
Zimmer Biomet
ZBH
+$42.2M
5
PPC icon
Pilgrim's Pride
PPC
+$29M

Sector Composition

Rank Sector Weight
1 Financials 58.65%
2 Miscellaneous 8.93%
3 Technology 6.58%
4 Communication Services 5.54%
5 Healthcare 5.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ACDI
26
DELISTED
Ascendant Digital Acquisition Corp. III
ACDI
$24.8M 0.69%
2,475,000
– –
EAC
27
DELISTED
Edify Acquisition Corp. Class A Common Stock
EAC
$23.3M 0.65%
2,376,000
– –
CONX
28
DELISTED
CONX Corp. Class A Common Stock
CONX
$23.1M 0.64%
2,344,565
-4,153
-0.2% -$40.8K
GBTG icon
29
American Express Global Business Travel
GBTG
$4.94B
$21.3M 0.59%
2,136,151
– –
WPCB
30
DELISTED
Warburg Pincus Capital Corporation I-B
WPCB
$21.1M 0.58%
2,143,981
+257,591
+14% +$2.51M
PNTM
31
DELISTED
Pontem Corporation
PNTM
$20.9M 0.58%
2,131,423
– –
BSLK
32
DELISTED
Bolt Projects Holdings
BSLK
$20.5M 0.57%
105,041
– –
SCOA
33
DELISTED
ScION Tech Growth I Class A Ordinary Shares
SCOA
$20.3M 0.56%
2,070,943
– –
FSNB
34
DELISTED
Fusion Acquisition Corp. II
FSNB
$19.9M 0.55%
2,033,373
– –
XBI icon
35
State Street SPDR S&P Biotech ETF
XBI
$10.6B
$19.3M 0.54%
215,000
-10,000
-4% -$923K
SNX icon
36
TD Synnex
SNX
$20.9B
$18.5M 0.51%
179,393
– –
FVIV
37
DELISTED
Fortress Value Acquisition Corp. IV
FVIV
$18.5M 0.51%
1,887,432
-12,568
-0.7% -$122K
HIII
38
DELISTED
Hudson Executive Investment Corp. III Class A Common Stock
HIII
$18.4M 0.51%
1,880,338
+42,281
+2% +$412K
CNC icon
39
Centene
CNC
$34.3B
$18.2M 0.5%
215,832
-203,103
-48% -$16.7M
ACAH
40
DELISTED
Atlantic Coastal Acquisition Corp. Class A Common Stock
ACAH
$17.6M 0.49%
1,800,000
– –
TRAQ
41
DELISTED
Trine II Acquisition Corp.
TRAQ
$17.4M 0.48%
1,750,000
– –
CTAQ
42
DELISTED
Carney Technology Acquisition Corp. II Class A Common Stock
CTAQ
$17.4M 0.48%
1,768,830
– –
GHIX
43
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$17.3M 0.48%
+1,771,900
New +$17.2M
KRNL
44
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
$17.2M 0.48%
1,750,000
– –
IMPX
45
DELISTED
AEA-Bridges Impact Corp
IMPX
$16.1M 0.45%
1,625,871
– –
EQD
46
DELISTED
Equity Distribution Acquisition Corp.
EQD
$15.9M 0.44%
1,607,627
– –
MBAC
47
DELISTED
M3-Brigade Acquisition II Corp.
MBAC
$15.8M 0.44%
1,617,620
– –
CPAR
48
DELISTED
Catalyst Partners Acquisition Corp. Class A Ordinary Share
CPAR
$15.8M 0.44%
1,623,959
– –
CRHC
49
DELISTED
Cohn Robbins Holdings Corp.
CRHC
$15.8M 0.44%
1,587,522
-8,385
-0.5% -$82.9K
MIC
50
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$15.5M 0.43%
4,165,974
-180,057
-4% -$659K
1
2
3 4 5

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Fir Tree Capital Management's Q1 2022 Portfolio in Review

As of Q1 2022, Fir Tree Capital Management held 847 positions worth $3.6B, down 2.7% from $3.7B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Fir Tree Capital Management withdrew a net $152M in Q1 2022, closing 107 positions and reducing 78 holdings. Its most notable exit was CIT Group Inc., an estimated $96.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 59% of assets, up from 54% a quarter earlier, followed by Miscellaneous and Technology.

Against the trend, Fir Tree Capital Management opened a new position in PayPal worth $43.5M.

  • Fir Tree Capital Management's largest Q1 2022 buy was PayPal: 375,910 shares worth $43.5M.
  • Fir Tree Capital Management added most to First Citizens BancShares in Q1 2022, an estimated $69.9M increase.
  • Fir Tree Capital Management's biggest Q1 2022 reduction was Post Holdings, cutting an estimated $19.3M.
  • Fir Tree Capital Management fully exited CIT Group Inc. in Q1 2022, selling an estimated $96.3M.
  • Fir Tree Capital Management's ten largest holdings make up 14% of its $3.6B portfolio in Q1 2022.
  • Fir Tree Capital Management opened 125 new positions and closed 107 in Q1 2022.
  • Fir Tree Capital Management's portfolio value fell 2.7% quarter-over-quarter to $3.6B.

Based on Fir Tree Capital Management's 13F filing for Q1 2022, filed 16 May 2022.