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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
+1.95%
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
$1.26B
AUM Growth
-$683M
Cap. Flow
-$658M
Cap. Flow %
-52.26%
Top 10 Hldgs %
16.73%
Holding
392
New
56
Increased
76
Reduced
72
Closed
109

Top Buys

Rank Stock Value
1
AIRJ
Montana Technologies Corp
AIRJ
+$8.36M
2
SBXC.U
SilverBox Corp III Units, each consisting of one Class A Common Stock and one-third of one redeemable warrant
SBXC.U
+$8.07M
3
IVCA
Investcorp India Acquisition Corp
IVCA
+$6.86M
4
DTI icon
Drilling Tools International
DTI
+$6.32M
5
STI icon
Solidion Technology
STI
+$6.03M

Top Sells

Rank Stock Value
1
NAAC
North Atlantic Acquisition Corporation Class A Ordinary Share
NAAC
+$30.2M
2
CMCSA icon
Comcast
CMCSA
+$29.2M
3
FCNCA icon
First Citizens BancShares
FCNCA
+$27.5M
4
PYPL icon
PayPal
PYPL
+$24.2M
5
WPCB
Warburg Pincus Capital Corporation I-B
WPCB
+$18.7M

Sector Composition

Rank Sector Weight
1 Financials 65.22%
2 Technology 12.96%
3 Industrials 8%
4 Materials 3.28%
5 Healthcare 2.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CPAA
26
DELISTED
Conyers Park III Acquisition Corp. Class A Common Stock
CPAA
$9.99M 0.79%
984,828
– –
HCNE
27
DELISTED
Jaws Hurricane Acquisition Corp. Class A Common Stock
HCNE
$9.91M 0.79%
974,918
+401,136
+70% +$4.04M
PSQH icon
28
PSQ Holdings
PSQH
$13.9M
$9.79M 0.78%
64,437
– –
TWOA
29
DELISTED
two
TWOA
$9.73M 0.77%
949,452
+215,000
+29% +$2.18M
PPYA
30
DELISTED
Papaya Growth Opportunity Corp. I Class A Common Stock
PPYA
$9.4M 0.75%
903,000
– –
PLAO
31
DELISTED
Patria Latin American Opportunity Acquisition Corp. Class A Ordinary Shares
PLAO
$9.4M 0.75%
892,630
+184,930
+26% +$1.93M
ABP
32
DELISTED
Abpro Holdings
ABP
$9.38M 0.75%
30,100
– –
CFIV
33
DELISTED
CF Acquisition Corp. IV Class A common stock
CFIV
$9.29M 0.74%
899,856
– –
SLAM
34
DELISTED
Slam Corp. Class A Ordinary Share
SLAM
$8.81M 0.7%
854,880
-389,166
-31% -$3.97M
ROCL
35
DELISTED
Roth CH Acquisition V Co. Common Stock
ROCL
$8.61M 0.68%
834,296
– –
ICNC
36
DELISTED
Iconic Sports Acquisition Corp.
ICNC
$8.61M 0.68%
819,472
-72,305
-8% -$754K
FZT
37
DELISTED
FAST Acquisition Corp. II
FZT
$8.47M 0.67%
830,000
-369,705
-31% -$3.74M
AIRJ
38
Montana Technologies Corp
AIRJ
$318M
$8.41M 0.67%
+820,575
New +$8.36M
SPY icon
39
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$8.35M 0.66%
+20,400
New +$8.14M
DTI icon
40
Drilling Tools International
DTI
$81.5M
$8.31M 0.66%
796,266
+610,166
+328% +$6.32M
ACAH
41
DELISTED
Atlantic Coastal Acquisition Corp. Class A Common Stock
ACAH
$8.25M 0.66%
819,328
-931,300
-53% -$9.39M
ORIA
42
DELISTED
Orion Biotech Opportunities Corp. Class A Ordinary Share
ORIA
$8.1M 0.64%
792,269
-161,301
-17% -$1.64M
SBXC.U
43
DELISTED
SilverBox Corp III Units, each consisting of one Class A Common Stock and one-third of one redeemable warrant
SBXC.U
$8.05M 0.64%
+800,000
New +$8.07M
YTPG
44
DELISTED
TPG Pace Beneficial II Corp.
YTPG
$7.73M 0.61%
774,873
-30,349
-4% -$301K
IXAQ
45
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$7.71M 0.61%
748,973
– –
GVCI
46
DELISTED
Green Visor Financial Technology Acquisition Corp. I Class A Ordinary Shares
GVCI
$7.66M 0.61%
727,200
– –
EOCW
47
DELISTED
Elliott Opportunity II Corp.
EOCW
$7.46M 0.59%
728,344
– –
JWAC
48
DELISTED
Jupiter Wellness Acquisition Corp. Class A Common Stock
JWAC
$7.29M 0.58%
691,244
+200,000
+41% +$2.08M
DEVS
49
DELISTED
DevvStream Corp
DEVS
$7.18M 0.57%
69,155
+19,505
+39% +$2.01M
TGVC
50
DELISTED
TG Venture Acquisition Corp. Class A Common Stock
TGVC
$7.05M 0.56%
681,633
+83,333
+14% +$857K
1
2
3 4 5

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AVM
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PC
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WHP
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ADIM
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CAWM
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AI
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Fir Tree Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Fir Tree Capital Management held 392 positions worth $1.26B, down 35% from $1.94B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Fir Tree Capital Management withdrew a net $658M in Q1 2023, closing 109 positions and reducing 72 holdings. Its most notable exit was North Atlantic Acquisition Corporation Class A Ordinary Share, an estimated $30.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 65% of assets, up from 63% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in Montana Technologies Corp worth $8.41M.

  • Fir Tree Capital Management's largest Q1 2023 buy was Montana Technologies Corp: 820,575 shares worth $8.41M.
  • Fir Tree Capital Management added most to Investcorp India Acquisition Corp in Q1 2023, an estimated $6.86M increase.
  • Fir Tree Capital Management's biggest Q1 2023 reduction was Bolt Projects Holdings, cutting an estimated $17.2M.
  • Fir Tree Capital Management fully exited North Atlantic Acquisition Corporation Class A Ordinary Share in Q1 2023, selling an estimated $30.2M.
  • Fir Tree Capital Management's ten largest holdings make up 17% of its $1.26B portfolio in Q1 2023.
  • Fir Tree Capital Management opened 56 new positions and closed 109 in Q1 2023.
  • Fir Tree Capital Management's portfolio value fell 35% quarter-over-quarter to $1.26B.

Based on Fir Tree Capital Management's 13F filing for Q1 2023, filed 15 May 2023.