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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
-2.1%
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
$2.64B
AUM Growth
-$2.99B
(-53%)
Cap. Flow
-$2.7B
Cap. Flow
% of AUM
-102.19%
Top 10 Holdings %
Top 10 Hldgs %
71.29%
Holding
83
New
16
Increased
–
Reduced
19
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$158M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$114M |
| 3 |
Pfizer
PFE
|
+$30.5M |
| 4 |
WillScot Mobile Mini Holdings
WSC
|
+$19.2M |
| 5 |
CLAC
Capitol Acquisition Corp. III
CLAC
|
+$9.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCA Healthcare
HCA
|
+$244M |
| 2 |
AGN
Allergan plc
AGN
|
+$179M |
| 3 |
MetLife
MET
|
+$178M |
| 4 |
Molson Coors Class B
TAP
|
+$171M |
| 5 |
MON
Monsanto Co
MON
|
+$159M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 27.56% |
| 2 | Industrials | 19.87% |
| 3 | Energy | 10.8% |
| 4 | Real Estate | 8.62% |
| 5 | Consumer Discretionary | 7.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GPACW
51
DELISTED
Global Partner Acquisition Corp
GPACW
| $116K | ﹤0.01% |
700,000
| – | – |
|
52
MBIA
MBI
$278M
| $101K | ﹤0.01% |
11,379
-4,182,520
| -100% | -$30.5M |
|
|
HCACW
53
DELISTED
Hennessy Capital Acquisition Corp. II
HCACW
| $75K | ﹤0.01% |
500,000
| – | – |
|
54
American Express
AXP
$227B
| – | – |
-1,367,000
| Closed | -$95.1M |
|
55
Alibaba
BABA
$276B
| – | – |
-1,102,000
| Closed | -$89.6M |
|
56
Bausch Health
BHC
$1.69B
| – | – |
-1,129,079
| Closed | -$115M |
|
57
eBay
EBAY
$52.1B
| – | – |
-1,949,971
| Closed | -$53.6M |
|
58
EQT Corp
EQT
$32.3B
| – | – |
-2,129,083
| Closed | -$60.4M |
|
|
HES
59
DELISTED
Hess
HES
| – | – |
-2,902,853
| Closed | -$141M |
|
60
Lamar Advertising Co
LAMR
$16.5B
| – | – |
-2,631,424
| Closed | -$158M |
|
|
61
MetLife
MET
$62.7B
| – | – |
-4,135,383
| Closed | -$178M |
|
62
Microsoft
MSFT
$2.92T
| – | – |
-573,000
| Closed | -$31.8M |
|
63
Myriad Genetics
MYGN
$502M
| – | – |
-306,772
| Closed | -$13.2M |
|
64
NETSCOUT
NTCT
$2.89B
| – | – |
-4,759,473
| Closed | -$146M |
|
65
PTC
PTC
$14.7B
| – | – |
-1,250,732
| Closed | -$43.3M |
|
66
PayPal
PYPL
$51.4B
| – | – |
-1,949,971
| Closed | -$70.6M |
|
|
67
Molson Coors Class B
TAP
$7.97B
| – | – |
-1,821,810
| Closed | -$171M |
|
|
APC
68
DELISTED
Anadarko Petroleum
APC
| – | – |
-100,000
| Closed | -$4.86M |
|
|
MON
69
DELISTED
Monsanto Co
MON
| – | – |
-1,615,805
| Closed | -$159M |
|
|
EAGLU
70
DELISTED
Double Eagle Acquisition Corp.
EAGLU
| – | – |
-2,000,000
| Closed | -$20M |
|
|
CLACU
71
DELISTED
Capitol Acquisition Corp. III Unit
CLACU
| – | – |
-1,000,000
| Closed | -$9.95M |
|
|
SUNE
72
DELISTED
SUNEDISON, INC COM
SUNE
| – | – |
-1,505,978
| Closed | -$7.69M |
|
|
SLH
73
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| – | – |
-1,468,529
| Closed | -$80.5M |
|
|
ACAS
74
DELISTED
American Capital Ltd
ACAS
| – | – |
-4,797,009
| Closed | -$66.2M |
|
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Fir Tree Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Fir Tree Capital Management held 83 positions worth $2.64B, down 53% from $5.63B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Fir Tree Capital Management withdrew a net $2.7B in Q1 2016, closing 24 positions and reducing 19 holdings. Its most notable exit was MetLife, an estimated $178M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 28% of assets, up from 22% a quarter earlier, followed by Industrials and Energy.
Against the trend, Fir Tree Capital Management opened a new position in EMC CORPORATION worth $166M.
- Fir Tree Capital Management's largest Q1 2016 buy was EMC CORPORATION: 6,244,060 shares worth $166M.
- Fir Tree Capital Management's biggest Q1 2016 reduction was HCA Healthcare, cutting an estimated $244M.
- Fir Tree Capital Management fully exited MetLife in Q1 2016, selling an estimated $178M.
- Fir Tree Capital Management's ten largest holdings make up 71% of its $2.64B portfolio in Q1 2016.
- Fir Tree Capital Management opened 16 new positions and closed 24 in Q1 2016.
- Fir Tree Capital Management's portfolio value fell 53% quarter-over-quarter to $2.64B.
Based on Fir Tree Capital Management's 13F filing for Q1 2016, filed 16 May 2016.