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FTCM

Fir Tree Capital Management Portfolio holdings

AUM $21.8M
1-Year Est. Return 1.61%
This Fund
S&P 500
This Quarter Est. Return
+1.76%
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
$1.07B
AUM Growth
-$184M
Cap. Flow
-$230M
Cap. Flow %
-21.37%
Top 10 Hldgs %
20.26%
Holding
328
New
45
Increased
47
Reduced
85
Closed
71

Top Buys

Rank Stock Value
1
VYX icon
NCR Voyix
VYX
+$22.3M
2
PCG icon
PG&E
PCG
+$16.1M
3
EVGR
Evergreen Corporation Class A Ordinary Share
EVGR
+$8.62M
4
SBXC
SilverBox Corp III
SBXC
+$8.06M
5
IPXXU
Inflection Point Acquisition Corp. II Unit
IPXXU
+$7.58M

Top Sells

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$22.6M
2
PNTM
Pontem Corporation
PNTM
+$20M
3
TRAQ
Trine II Acquisition Corp.
TRAQ
+$18.2M
4
MTAL
Metals Acquisition
MTAL
+$16M
5
RBA icon
RB Global
RBA
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 57.68%
2 Technology 13.7%
3 Industrials 6.62%
4 Healthcare 3.14%
5 Consumer Staples 2.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
THCP
26
DELISTED
Thunder Bridge Capital Partners IV, Inc. Class A Common Stock
THCP
$8.58M 0.8%
840,734
+497,269
+145% +$5.07M
ACAH
27
DELISTED
Atlantic Coastal Acquisition Corp. Class A Common Stock
ACAH
$8.46M 0.79%
819,328
– –
SBXC
28
DELISTED
SilverBox Corp III
SBXC
$8.09M 0.75%
+800,000
New +$8.06M
IPXXU
29
DELISTED
Inflection Point Acquisition Corp. II Unit
IPXXU
$7.59M 0.71%
+750,000
New +$7.58M
BRD
30
DELISTED
Beard Energy Transition Acquisition Corp.
BRD
$7.34M 0.68%
697,961
+600,818
+618% +$6.27M
BKI
31
DELISTED
Black Knight, Inc. Common Stock
BKI
$6.86M 0.64%
114,814
-199,405
-63% -$11.2M
BSLK
32
DELISTED
Bolt Projects Holdings
BSLK
$6.52M 0.61%
31,795
+14,295
+82% +$2.93M
MCAA
33
DELISTED
Mountain & Co. I Acquisition Corp. Class A Ordinary Shares
MCAA
$6.51M 0.61%
598,152
– –
EOCW
34
DELISTED
Elliott Opportunity II Corp.
EOCW
$6.24M 0.58%
602,326
-126,018
-17% -$1.3M
BZAI
35
Blaize Holdings
BZAI
$122M
$6.22M 0.58%
595,288
– –
SCRM
36
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
$6.08M 0.57%
588,870
-95,700
-14% -$979K
TLGY
37
DELISTED
TLGY Acquisition Corporation Class A Ordinary Share
TLGY
$6.07M 0.57%
562,761
– –
NPAB
38
DELISTED
New Providence Acquisition Corp. II Class A Common Stock
NPAB
$5.93M 0.55%
563,608
-759,628
-57% -$7.99M
BTM
39
DELISTED
Bitcoin Depot
BTM
$5.71M 0.53%
78,571
-7,129
-8% -$488K
NKGN
40
DELISTED
NKGen Biotech, Inc. Common Stock
NKGN
$5.68M 0.53%
549,428
+251,653
+85% +$2.58M
IXAQ
41
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$5.56M 0.52%
526,541
-222,432
-30% -$2.32M
CXAC
42
DELISTED
C5 Acquisition Corporation
CXAC
$5.49M 0.51%
515,330
+165,330
+47% +$1.74M
VEEA
43
Veea Inc
VEEA
$8.93M
$5.43M 0.51%
516,323
+80,000
+18% +$834K
PPYA
44
DELISTED
Papaya Growth Opportunity Corp. I Class A Common Stock
PPYA
$5.38M 0.5%
507,400
-395,600
-44% -$4.14M
IRRX
45
DELISTED
Integrated Rail and Resources Acquisition Corp.
IRRX
$5.36M 0.5%
500,000
– –
ROSS
46
DELISTED
Ross Acquisition Corp II
ROSS
$5.31M 0.49%
501,712
– –
LIVB
47
DELISTED
LIV Capital Acquisition Corp. II Class A Ordinary Shares
LIVB
$5.3M 0.49%
+500,000
New +$5.26M
OPA
48
DELISTED
Magnum Opus Acquisition Limited
OPA
$5.28M 0.49%
505,324
+88,143
+21% +$912K
SVII
49
DELISTED
Spring Valley Acquisition Corp II
SVII
$5.28M 0.49%
500,000
– –
EVE
50
DELISTED
EVe Mobility Acquisition Corp
EVE
$5.25M 0.49%
+500,000
New +$5.24M
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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Fir Tree Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Fir Tree Capital Management held 328 positions worth $1.07B, down 15% from $1.26B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Fir Tree Capital Management withdrew a net $230M in Q2 2023, closing 71 positions and reducing 85 holdings. Its most notable exit was Pontem Corporation, an estimated $20M position sold in full.

By sector, the portfolio is most concentrated in Financials at 58% of assets, down from 65% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in NCR Voyix worth $23.9M.

  • Fir Tree Capital Management's largest Q2 2023 buy was NCR Voyix: 1,548,500 shares worth $23.9M.
  • Fir Tree Capital Management added most to SunPower Inc in Q2 2023, an estimated $7.44M increase.
  • Fir Tree Capital Management's biggest Q2 2023 reduction was VMware, Inc, cutting an estimated $22.6M.
  • Fir Tree Capital Management fully exited Pontem Corporation in Q2 2023, selling an estimated $20M.
  • Fir Tree Capital Management's ten largest holdings make up 20% of its $1.07B portfolio in Q2 2023.
  • Fir Tree Capital Management opened 45 new positions and closed 71 in Q2 2023.
  • Fir Tree Capital Management's portfolio value fell 15% quarter-over-quarter to $1.07B.

Based on Fir Tree Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.