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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
+1.26%
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
$114M
AUM Growth
-$95.5M
Cap. Flow
-$83.4M
Cap. Flow %
-72.98%
Top 10 Hldgs %
79.85%
Holding
96
New
19
Increased
4
Reduced
23
Closed
45

Top Buys

Rank Stock Value
1
AFJK
Aimei Health Technology Co
AFJK
+$2.86M
2
RDAC
Rising Dragon Acquisition Corp
RDAC
+$2.25M
3
CHAR
Charlton Aria Acquisition Corp
CHAR
+$1.43M
4
JACS.U
Jackson Acquisition Co II Units
JACS.U
+$753K
5
HSPTU
Horizon Space Acquisition II Corp Units
HSPTU
+$750K

Top Sells

Rank Stock Value
1
AR icon
Antero Resources
AR
+$17.2M
2
LBTYA icon
Liberty Global Class A
LBTYA
+$15.8M
3
WEL
Integrated Wellness Acquisition Corp
WEL
+$3.98M
4
APXI
APx Acquisition Corp. I Class A Ordinary Share
APXI
+$3.19M
5
BUJA
Bukit Jalil Global Acquisition 1
BUJA
+$3.08M

Sector Composition

Rank Sector Weight
1 Financials 33.51%
2 Industrials 0.95%
3 Technology 0.66%
4 Energy 0.65%
5 Utilities 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDRN
26
Hadron Energy
HDRN
$115M
$593K 0.52%
59,400
-30,600
-34% -$305K
SPKL
27
Spark I Acquisition Corp
SPKL
$100M
$532K 0.47%
50,000
– –
NETD
28
DELISTED
Nabors Energy Transition Corp II
NETD
$531K 0.46%
49,191
-1,209
-2% -$13K
ANSC
29
Agriculture & Natural Solutions Acquisition Corp
ANSC
$525K 0.46%
50,000
– –
CAPN
30
Cayson Acquisition Corp
CAPN
$58.7M
$505K 0.44%
+50,000
New +$500K
FVN
31
Future Vision II Acquisition Corp
FVN
$70.4M
$501K 0.44%
+50,000
New +$500K
LPBB
32
Launch Two Acquisition Corp
LPBB
$310M
$498K 0.44%
+50,000
New +$497K
GSRT
33
DELISTED
GSR III Acquisition Corp
GSRT
$495K 0.43%
+50,000
New +$494K
FACT
34
FACT II Acquisition Corp
FACT
$259M
$494K 0.43%
+50,000
New +$494K
MRLN
35
Merlin Inc
MRLN
$319M
$493K 0.43%
+50,000
New +$493K
RFAI
36
RF Acquisition Corp II
RFAI
$92.6M
$492K 0.43%
48,136
-1,864
-4% -$19K
OACC
37
Oaktree Acquisition Corp III Life Sciences
OACC
$264M
$458K 0.4%
+45,800
New +$457K
BSII
38
DELISTED
Black Spade Acquisition II Co Class A Ordinary Share
BSII
$456K 0.4%
+45,900
New +$454K
ALDF
39
Aldel Financial II Inc
ALDF
$454K 0.4%
+45,650
New +$453K
BEAG
40
Bold Eagle Acquisition Corp
BEAG
$334M
$451K 0.39%
+45,780
New +$451K
AAM
41
DELISTED
AA Mission Acquisition Corp
AAM
$428K 0.37%
42,379
-107,621
-72% -$1.08M
CUB
42
Lionheart Holdings
CUB
$283M
$395K 0.35%
39,031
-10,969
-22% -$110K
TONT
43
Graf Global Corp
TONT
$153M
$312K 0.27%
30,885
-290
-0.9% -$2.91K
MACI
44
Melar Acquisition Corp I
MACI
$236M
$307K 0.27%
30,497
-19,503
-39% -$196K
GPAT
45
GP-Act III Acquisition Corp
GPAT
$392M
$293K 0.26%
28,846
-21,154
-42% -$214K
ALF
46
Centurion Acquisition Corp
ALF
$390M
$264K 0.23%
26,129
-23,871
-48% -$240K
VCIC
47
DELISTED
Vine Hill Capital Investment Corp
VCIC
$251K 0.22%
+25,000
New +$250K
POLE
48
Andretti Acquisition Corp II
POLE
$319M
$250K 0.22%
+25,000
New +$249K
VACH
49
DELISTED
Voyager Acquisition Corp
VACH
$212K 0.19%
21,100
-28,900
-58% -$290K
IMSR
50
Terrestrial Energy
IMSR
$492M
$206K 0.18%
+20,519
New +$205K
1
2
3 4

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Fir Tree Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Fir Tree Capital Management held 96 positions worth $114M, down 46% from $210M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Fir Tree Capital Management withdrew a net $83.4M in Q4 2024, closing 45 positions and reducing 23 holdings. Its most notable exit was Antero Resources, an estimated $17.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 39% a quarter earlier, followed by Industrials and Technology.

Against the trend, Fir Tree Capital Management opened a new position in Rising Dragon Acquisition Corp worth $2.25M.

  • Fir Tree Capital Management's largest Q4 2024 buy was Rising Dragon Acquisition Corp: 224,450 shares worth $2.25M.
  • Fir Tree Capital Management added most to Aimei Health Technology Co in Q4 2024, an estimated $2.86M increase.
  • Fir Tree Capital Management's biggest Q4 2024 reduction was Bukit Jalil Global Acquisition 1, cutting an estimated $3.08M.
  • Fir Tree Capital Management fully exited Antero Resources in Q4 2024, selling an estimated $17.2M.
  • Fir Tree Capital Management's ten largest holdings make up 80% of its $114M portfolio in Q4 2024.
  • Fir Tree Capital Management opened 19 new positions and closed 45 in Q4 2024.
  • Fir Tree Capital Management's portfolio value fell 46% quarter-over-quarter to $114M.

Based on Fir Tree Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.