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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
+1.53%
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
$957M
AUM Growth
-$117M
Cap. Flow
-$152M
Cap. Flow %
-15.87%
Top 10 Hldgs %
22.76%
Holding
291
New
34
Increased
58
Reduced
63
Closed
69

Top Buys

Rank Stock Value
1
ODP
ODP
ODP
+$19.4M
2
PCG icon
PG&E
PCG
+$13.7M
3
FLD
Fold Holdings
FLD
+$10.4M
4
MNTN
Everest Consolidator Acquisition Corporation
MNTN
+$10.4M
5
PEGR
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
+$7.91M

Top Sells

Rank Stock Value
1
SPB icon
Spectrum Brands
SPB
+$21.5M
2
PSQH icon
PSQ Holdings
PSQH
+$15.9M
3
ATVI
Activision Blizzard
ATVI
+$14.8M
4
ARTE
Artemis Strategic Investment Corporation Class A Common Stock
ARTE
+$14M
5
MBSC
M3-Brigade Acquisition III Corp.
MBSC
+$10.2M

Sector Composition

Rank Sector Weight
1 Financials 55.97%
2 Technology 10.02%
3 Industrials 8.01%
4 Materials 4.01%
5 Consumer Discretionary 3.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USAR
26
USA Rare Earth Inc
USAR
$3.28B
$7.66M 0.8%
+750,000
New +$7.61M
NETD
27
DELISTED
Nabors Energy Transition Corp II
NETD
$7.63M 0.8%
+750,000
New +$7.62M
BRD
28
DELISTED
Beard Energy Transition Acquisition Corp.
BRD
$7.5M 0.78%
697,961
– –
HCVI
29
DELISTED
Hennessy Capital Investment Corp. VI Class A Common Stock
HCVI
$7.19M 0.75%
695,149
+291,975
+72% +$3.01M
IVCA
30
DELISTED
Investcorp India Acquisition Corp
IVCA
$6.85M 0.72%
632,508
-422,818
-40% -$4.54M
ZLS
31
DELISTED
Zalatoris II Acquisition Corp Class A Ordinary Shares
ZLS
$6.59M 0.69%
616,612
+512,783
+494% +$5.37M
BSLK
32
DELISTED
Bolt Projects Holdings
BSLK
$6.47M 0.68%
30,610
-1,185
-4% -$248K
BZAI
33
Blaize Holdings
BZAI
$111M
$6.29M 0.66%
595,288
– –
TLGY
34
DELISTED
TLGY Acquisition Corporation Class A Ordinary Share
TLGY
$6.19M 0.65%
562,751
-10
-0% -$109
GODN
35
DELISTED
Golden Star Acquisition Corporation Ordinary Shares
GODN
$6.18M 0.65%
+600,000
New +$6.14M
FRBN
36
DELISTED
Forbion European Acquisition Corp. Class A Ordinary Shares
FRBN
$6.16M 0.64%
558,692
+236,998
+74% +$2.57M
NPAB
37
DELISTED
New Providence Acquisition Corp. II Class A Common Stock
NPAB
$5.95M 0.62%
563,608
– –
CXAC
38
DELISTED
C5 Acquisition Corporation
CXAC
$5.86M 0.61%
533,862
+18,532
+4% +$200K
EVGR
39
DELISTED
Evergreen Corporation Class A Ordinary Share
EVGR
$5.81M 0.61%
530,001
-279,999
-35% -$3.04M
IXAQ
40
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$5.74M 0.6%
526,541
– –
ASCB
41
DELISTED
A SPAC II Acquisition Corp. Ordinary Shares
ASCB
$5.45M 0.57%
500,000
+408,756
+448% +$4.35M
LIVB
42
DELISTED
LIV Capital Acquisition Corp. II Class A Ordinary Shares
LIVB
$5.42M 0.57%
500,000
– –
OPA
43
DELISTED
Magnum Opus Acquisition Limited
OPA
$5.41M 0.56%
505,258
-66
-0% -$696
ARIZ
44
DELISTED
Arisz Acquisition Corp. Common Stock
ARIZ
$5.37M 0.56%
500,000
+200,000
+67% +$2.13M
EVE
45
DELISTED
EVe Mobility Acquisition Corp
EVE
$5.34M 0.56%
500,000
– –
CFIV
46
DELISTED
CF Acquisition Corp. IV Class A common stock
CFIV
$5.34M 0.56%
500,000
– –
DSAQ
47
DELISTED
Direct Selling Acquisition Corp.
DSAQ
$5.29M 0.55%
488,178
+19,748
+4% +$212K
RCFA
48
DELISTED
Perception Capital Corp. IV
RCFA
$5.21M 0.54%
476,676
+147,853
+45% +$1.61M
NFNT
49
DELISTED
Infinite Acquisition Corp.
NFNT
$5.12M 0.53%
475,906
+102,605
+27% +$1.09M
TRCA
50
DELISTED
Twin Ridge Capital Acquisition Corp.
TRCA
$5.02M 0.52%
477,944
– –
1
2
3 4 5

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Fir Tree Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Fir Tree Capital Management held 291 positions worth $957M, down 11% from $1.07B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Fir Tree Capital Management withdrew a net $152M in Q3 2023, closing 69 positions and reducing 63 holdings. Its most notable exit was Spectrum Brands, an estimated $21.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 56% of assets, down from 58% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in ODP worth $18.6M.

  • Fir Tree Capital Management's largest Q3 2023 buy was ODP: 403,687 shares worth $18.6M.
  • Fir Tree Capital Management added most to PG&E in Q3 2023, an estimated $13.7M increase.
  • Fir Tree Capital Management's biggest Q3 2023 reduction was Artemis Strategic Investment Corporation Class A Common Stock, cutting an estimated $14M.
  • Fir Tree Capital Management fully exited Spectrum Brands in Q3 2023, selling an estimated $21.5M.
  • Fir Tree Capital Management's ten largest holdings make up 23% of its $957M portfolio in Q3 2023.
  • Fir Tree Capital Management opened 34 new positions and closed 69 in Q3 2023.
  • Fir Tree Capital Management's portfolio value fell 11% quarter-over-quarter to $957M.

Based on Fir Tree Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.