We are live on ! Find out more
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
+12.22%
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
$2.34B
AUM Growth
-$106M
Cap. Flow
-$99.9M
Cap. Flow %
-4.28%
Top 10 Hldgs %
69.16%
Holding
73
New
14
Increased
6
Reduced
15
Closed
14

Top Buys

Rank Stock Value
1
TIVO
Tivo Inc
TIVO
+$143M
2
LILAK icon
Liberty Latin America Class C
LILAK
+$90.5M
3
HTZ
Hertz Global Holdings, Inc.
HTZ
+$73.7M
4
HPE icon
Hewlett Packard
HPE
+$68.9M
5
TAP icon
Molson Coors Class B
TAP
+$28.8M

Top Sells

Rank Stock Value
1
EMC
EMC CORPORATION
EMC
+$228M
2
CI icon
Cigna
CI
+$142M
3
AGN
Allergan plc
AGN
+$64.5M
4
HRI icon
Herc Holdings
HRI
+$52.1M
5
MON
Monsanto Co
MON
+$36.1M

Sector Composition

Rank Sector Weight
1 Industrials 23.08%
2 Healthcare 11.78%
3 Energy 11.44%
4 Communication Services 9.09%
5 Consumer Discretionary 8.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRTLW
51
DELISTED
Terrapin 3 Acquisition Corporation
TRTLW
$317K 0.01%
1,753,063
– –
ELECW
52
DELISTED
Electrum Special Acquisition Corporation
ELECW
$260K 0.01%
1,100,000
– –
GPACW
53
DELISTED
Global Partner Acquisition Corp
GPACW
$196K 0.01%
700,000
– –
EACQW
54
DELISTED
Easterly Acquisition Corp.
EACQW
$126K 0.01%
210,263
-665,137
-76% -$405K
HCACW
55
DELISTED
Hennessy Capital Acquisition Corp. II
HCACW
$126K 0.01%
314,000
-145,500
-32% -$64.6K
CDNS icon
56
Cadence Design Systems
CDNS
$95.1B
– –
-874,754
Closed -$21.3M
CI icon
57
Cigna
CI
$79.6B
– –
-1,110,000
Closed -$142M
HCA icon
58
HCA Healthcare
HCA
$92.8B
– –
-100,000
Closed -$7.7M
IBM icon
59
IBM
IBM
$214B
– –
-2,129
Closed -$309K
LMB icon
60
Limbach Holdings
LMB
$864M
– –
-300,000
Closed -$2.78M
PR
61
Permian Resources
PR
$16.5B
– –
-1,500,000
Closed -$14.7M
AGN
62
DELISTED
Allergan plc
AGN
– –
-279,169
Closed -$64.5M
LCAHU
63
DELISTED
Landcadia Holdings, Inc. Unit
LCAHU
– –
-1,500,000
Closed -$15.1M
MON
64
DELISTED
Monsanto Co
MON
– –
-349,000
Closed -$36.1M
CFCOU
65
DELISTED
CF Corporation
CFCOU
– –
-2,000,000
Closed -$19.8M
EMC
66
DELISTED
EMC CORPORATION
EMC
– –
-8,383,331
Closed -$228M
SGY
67
DELISTED
Stone Energy
SGY
– –
-17,248
Closed -$1.18M
1 2
3

Similar funds

CSD
Clear Street Derivatives New York $12.4M AUM 1.7% 1-Year Est. Return
AVM
Altos Ventures Management Burlingame, California $11.7M AUM 182.72% 1-Year Est. Return
PC
Prysm Capital Princeton, New Jersey $10.6M AUM 2.38% 1-Year Est. Return
WHP
Washington Harbour Partners Arlington, Virginia $33.8M AUM 73.62% 1-Year Est. Return
ADIM
Alpha DNA Investment Management Columbia, Maryland $8.98M AUM 26.05% 1-Year Est. Return
CAWM
Capital A Wealth Management New Castle, Pennsylvania $8.94M AUM
AI
Allostery Investments Stamford, Connecticut $7.85M AUM
CP
Castalian Partners Excelsior, Minnesota $7.36M AUM

Fir Tree Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Fir Tree Capital Management held 73 positions worth $2.34B, down 4.3% from $2.44B the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Fir Tree Capital Management withdrew a net $99.9M in Q3 2016, closing 14 positions and reducing 15 holdings. Its most notable exit was EMC CORPORATION, an estimated $228M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 18% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Fir Tree Capital Management opened a new position in Tivo Inc worth $81.9M.

  • Fir Tree Capital Management's largest Q3 2016 buy was Tivo Inc: 7,243,000 shares worth $81.9M.
  • Fir Tree Capital Management added most to Molson Coors Class B in Q3 2016, an estimated $28.8M increase.
  • Fir Tree Capital Management's biggest Q3 2016 reduction was Herc Holdings, cutting an estimated $52.1M.
  • Fir Tree Capital Management fully exited EMC CORPORATION in Q3 2016, selling an estimated $228M.
  • Fir Tree Capital Management's ten largest holdings make up 69% of its $2.34B portfolio in Q3 2016.
  • Fir Tree Capital Management opened 14 new positions and closed 14 in Q3 2016.
  • Fir Tree Capital Management's portfolio value fell 4.3% quarter-over-quarter to $2.34B.

Based on Fir Tree Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.