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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
+7.96%
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
$8.79B
AUM Growth
+$1.48B
(+20%)
Cap. Flow
+$184M
Cap. Flow
% of AUM
2.09%
Top 10 Holdings %
Top 10 Hldgs %
44.47%
Holding
132
New
27
Increased
14
Reduced
20
Closed
42
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nokia
NOK
|
+$236M |
| 2 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$130M |
| 3 |
EQT Corp
EQT
|
+$124M |
| 4 |
Teva Pharmaceuticals
TEVA
|
+$124M |
| 5 |
Assured Guaranty
AGO
|
+$102M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equinix
EQIX
|
+$120M |
| 2 |
Cigna
CI
|
+$118M |
| 3 |
Motorola Solutions
MSI
|
+$106M |
| 4 |
PPLI
People Inc
PPLI
|
+$102M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$98M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 18.81% |
| 2 | Financials | 14.63% |
| 3 | Energy | 11.68% |
| 4 | Technology | 9.85% |
| 5 | Healthcare | 8.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PACD
51
DELISTED
Pacific Drilling S A
PACD
| $19.5M | 0.22% |
+170,000
| New | +$19.4M |
|
52
Gaming and Leisure Properties
GLPI
$13B
| $18.6M | 0.21% |
+366,693
| New | +$17.4M |
|
53
Lindblad Expeditions
LIND
$1.95B
| $17.3M | 0.2% |
1,782,000
| – | – |
|
|
AVH
54
DELISTED
AVIANCA HOLDINGS S.A.
AVH
| $15.4M | 0.18% |
+1,000,000
| New | +$14.7M |
|
|
QPAC
55
DELISTED
QUINPARIO ACQUISITION CORP COM STK
QPAC
| $14.9M | 0.17% |
+1,480,200
| New | +$14.8M |
|
|
PPLI
56
People Inc
PPLI
$3.13B
| $13.5M | 0.15% |
1,098,378
-9,903,872
| -90% | -$102M |
|
57
Mohawk Industries
MHK
$7.14B
| $13.4M | 0.15% |
89,894
| – | – |
|
58
Whirlpool
WHR
$2.49B
| $12.9M | 0.15% |
82,029
| – | – |
|
59
Fortune Brands Innovations
FBIN
$6.09B
| $12.8M | 0.15% |
326,938
| – | – |
|
60
Clorox
CLX
$12.1B
| $12.7M | 0.14% |
136,629
| – | – |
|
61
Home Depot
HD
$343B
| $12.5M | 0.14% |
151,927
| – | – |
|
|
USG
62
DELISTED
Usg
USG
| $12.5M | 0.14% |
439,399
| – | – |
|
63
Masco
MAS
$16.5B
| $12.4M | 0.14% |
618,240
| – | – |
|
|
ZAIS
64
DELISTED
ZAIS Group Holdings, Inc.
ZAIS
| $12.4M | 0.14% |
1,215,000
| – | – |
|
65
Lowe's Companies
LOW
$122B
| $12.3M | 0.14% |
248,364
| – | – |
|
66
Owens Corning
OC
$11.5B
| $12M | 0.14% |
294,449
| – | – |
|
67
Churchill Downs
CHDN
$6.22B
| $10.8M | 0.12% |
723,774
+237,000
| +49% | +$3.44M |
|
68
PUT
Myriad Genetics
MYGN
$502M
| $10.5M | 0.12% |
+500,000
| New | +$12.6M |
|
69
Stanley Black & Decker
SWK
$14.6B
| $10.4M | 0.12% |
128,894
| – | – |
|
70
Pangaea Logistics
PANL
$493M
| $9.54M | 0.11% |
+991,813
| New | +$9.54M |
|
|
HPAC
71
DELISTED
HYDE PK ACQUISITION CORP II COM STK (DE)
HPAC
| $7.74M | 0.09% |
742,500
| – | – |
|
|
CACG
72
DELISTED
CHART ACQUISITION CORP COM
CACG
| $6.58M | 0.07% |
675,000
| – | – |
|
|
GCVRZ
73
DELISTED
Sanofi Contingent Value Rights
GCVRZ
| $6.49M | 0.07% |
19,096,494
+9,426,623
| +97% | +$11.4M |
|
74
Blackstone Mortgage Trust
BXMT
$2.81B
| $4.61M | 0.05% |
169,900
-330,100
| -66% | -$8.45M |
|
75
Crown Holdings
CCK
$13.2B
| $4.46M | 0.05% |
100,000
-1,112,156
| -92% | -$47.6M |
|
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Fir Tree Capital Management's Q4 2013 Portfolio in Review
As of Q4 2013, Fir Tree Capital Management held 132 positions worth $8.79B, up 20% from $7.32B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Fir Tree Capital Management's Q4 2013 filing shows 27 new, 14 increased, 20 reduced and 42 closed positions. Its largest new stake was Nokia: 31,423,600 shares worth $255M. The largest sale was Equinix, an estimated $120M.
By sector, the portfolio is most concentrated in Real Estate at 19% of assets, down from 20% a quarter earlier, followed by Financials and Energy.
- Fir Tree Capital Management's largest Q4 2013 buy was Nokia: 31,423,600 shares worth $255M.
- Fir Tree Capital Management added most to KEURIG GREEN MTN INC in Q4 2013, an estimated $130M increase.
- Fir Tree Capital Management's biggest Q4 2013 reduction was Equinix, cutting an estimated $120M.
- Fir Tree Capital Management fully exited Alphabet (Google) Class C in Q4 2013, selling an estimated $98M.
- Fir Tree Capital Management's ten largest holdings make up 44% of its $8.79B portfolio in Q4 2013.
- Fir Tree Capital Management opened 27 new positions and closed 42 in Q4 2013.
- Fir Tree Capital Management's portfolio value rose 20% quarter-over-quarter to $8.79B.
Based on Fir Tree Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.