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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
+0.89%
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
$3.32B
AUM Growth
+$795M
Cap. Flow
+$831M
Cap. Flow %
24.99%
Top 10 Hldgs %
57.79%
Holding
91
New
27
Increased
14
Reduced
11
Closed
15

Top Buys

Rank Stock Value
1
UPL
Ultra Petroleum Corp. Common Stock
UPL
+$343M
2
MON
Monsanto Co
MON
+$150M
3
ORCL icon
Oracle
ORCL
+$131M
4
AABA
Altaba Inc
AABA
+$128M
5
PNRA
Panera Bread Co
PNRA
+$113M

Top Sells

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$137M
2
RAI
Reynolds American Inc
RAI
+$121M
3
HPE icon
Hewlett Packard
HPE
+$114M
4
CDK
CDK Global, Inc.
CDK
+$98.2M
5
PVTB
PrivateBancorp Inc
PVTB
+$84.6M

Sector Composition

Rank Sector Weight
1 Technology 21.41%
2 Financials 15.52%
3 Consumer Discretionary 12.94%
4 Energy 11.45%
5 Communication Services 8.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LKQ icon
51
LKQ Corp
LKQ
$6.77B
$8.56M 0.26%
+259,757
New +$8.03M
JONE
52
DELISTED
Jones Energy, Inc.
JONE
$8.52M 0.26%
266,120
+29,540
+12% +$1.19M
PRPL icon
53
Purple Innovation
PRPL
$35.7M
$6.96M 0.21%
28,000
– –
CFCOW
54
DELISTED
CF Corporation
CFCOW
$3.17M 0.1%
1,476,150
+476,150
+48% +$877K
SRUNW
55
DELISTED
Silver Run Acquisition Corporation II
SRUNW
$2.09M 0.06%
+1,166,666
New +$1.85M
CPAA
56
DELISTED
Conyers Park Acquisition Corp. Class A Common Stock
CPAA
$1.92M 0.06%
163,000
-1,237,000
-88% -$14.6M
GTYHW
57
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
$1.35M 0.04%
950,000
– –
TPGE.WS
58
DELISTED
TPG Pace Energy Holdings Corp.
TPGE.WS
$1.22M 0.04%
+866,666
New +$1.19M
LCAHW
59
DELISTED
Landcadia Holdings, Inc. Warrant
LCAHW
$1.21M 0.04%
1,500,000
– –
GSHTW
60
DELISTED
Gores Holdings II, Inc. Warrants
GSHTW
$1.09M 0.03%
733,333
– –
CPAAW
61
DELISTED
Conyers Park Acquisition Corp. Warrant
CPAAW
$1.05M 0.03%
400,000
-66,666
-14% -$175K
VEACW
62
DELISTED
Vantage Energy Acquisition Corp.
VEACW
$1.04M 0.03%
+833,332
New +$967K
EAGLW
63
DELISTED
Double Eagle Acquisition Corp. Warrant
EAGLW
$1M 0.03%
2,085,000
– –
SCACW
64
DELISTED
Saban Capital Acquisition Corp. Warrants
SCACW
$1M 0.03%
800,000
– –
MPACW
65
DELISTED
Matlin & Partners Acquisition Corporation
MPACW
$950K 0.03%
+1,900,000
New +$857K
AHPAW
66
DELISTED
Avista Healthcare Public Acquisition Corp. Warrants
AHPAW
$810K 0.02%
1,800,000
– –
KAACW
67
DELISTED
Kayne Anderson Acquisition Corp.
KAACW
$696K 0.02%
+833,333
New +$728K
HRMNW
68
DELISTED
Harmony Merger Corp. Warrant
HRMNW
$606K 0.02%
758,047
-175,413
-19% -$89.9K
BLVDW
69
DELISTED
Boulevard Acquisition Corp. II Warrant
BLVDW
$595K 0.02%
850,000
– –
ILG
70
DELISTED
ILG, Inc Common Stock
ILG
$490K 0.01%
+17,818
New +$451K
ELECW
71
DELISTED
Electrum Special Acquisition Corporation
ELECW
$396K 0.01%
1,100,000
– –
QPACW
72
DELISTED
Quinpario Acquisition Corp. 2 Warrant
QPACW
$278K 0.01%
750,676
-395,049
-34% -$165K
CISN.WS
73
DELISTED
Cision Ltd. Warrants, each to purchase one Ordinary Share
CISN.WS
$178K 0.01%
+81,049
New +$178K
NXEOW
74
DELISTED
Nexeo Solutions, Inc. Warrant
NXEOW
$109K ﹤0.01%
205,530
-29,407
-13% -$19.1K
GPACW
75
DELISTED
Global Partner Acquisition Corp
GPACW
$103K ﹤0.01%
512,525
-119,125
-19% -$31.9K
1 2
3
4

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Fir Tree Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, Fir Tree Capital Management held 91 positions worth $3.32B, up 31% from $2.53B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Fir Tree Capital Management deployed $831M of net new capital in Q2 2017, opening 27 new positions and adding to 14 existing holdings. Its largest new stake was Ultra Petroleum Corp. Common Stock: 30,360,930 shares worth $329M.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was CDK Global, Inc., an estimated $98.2M trimmed.

  • Fir Tree Capital Management's largest Q2 2017 buy was Ultra Petroleum Corp. Common Stock: 30,360,930 shares worth $329M.
  • Fir Tree Capital Management added most to NXP Semiconductors in Q2 2017, an estimated $50M increase.
  • Fir Tree Capital Management's biggest Q2 2017 reduction was CDK Global, Inc., cutting an estimated $98.2M.
  • Fir Tree Capital Management fully exited Yahoo Inc in Q2 2017, selling an estimated $137M.
  • Fir Tree Capital Management's ten largest holdings make up 58% of its $3.32B portfolio in Q2 2017.
  • Fir Tree Capital Management opened 27 new positions and closed 15 in Q2 2017.
  • Fir Tree Capital Management's portfolio value rose 31% quarter-over-quarter to $3.32B.

Based on Fir Tree Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.