Fir Tree Capital Management Portfolio holdings

Fir Tree Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Fir Tree Capital Management held 93 positions worth $7.01B, down 27% from $9.59B the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Fir Tree Capital Management withdrew a net $2.83B in Q1 2015, closing 28 positions and reducing 23 holdings. Its most notable exit was Express Scripts Holding Company, an estimated $314M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 16% of assets, up from 13% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Fir Tree Capital Management opened a new position in Aramark worth $52.2M.

• Fir Tree Capital Management's largest Q1 2015 buy was Aramark: 2,286,085 shares worth $52.2M.
• Fir Tree Capital Management added most to Advance Auto Parts in Q1 2015, an estimated $240M increase.
• Fir Tree Capital Management's biggest Q1 2015 reduction was Williams Companies, cutting an estimated $345M.
• Fir Tree Capital Management fully exited Express Scripts Holding Company in Q1 2015, selling an estimated $314M.
• Fir Tree Capital Management's ten largest holdings make up 50% of its $7.01B portfolio in Q1 2015.
• Fir Tree Capital Management opened 9 new positions and closed 28 in Q1 2015.
• Fir Tree Capital Management's portfolio value fell 27% quarter-over-quarter to $7.01B.

Based on Fir Tree Capital Management's 13F filing for Q1 2015, filed 15 May 2015.