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
-4.15%
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
$2.42B
AUM Growth
-$1.29B
Cap. Flow
-$1.06B
Cap. Flow %
-43.79%
Top 10 Hldgs %
64.41%
Holding
81
New
9
Increased
4
Reduced
16
Closed
12

Top Buys

Rank Stock Value
1
FE icon
FirstEnergy
FE
+$215M
2
AET
Aetna Inc
AET
+$132M
3
PCG icon
PG&E
PCG
+$77.1M
4
MGM icon
MGM Resorts International
MGM
+$20.4M
5
RWGE
Regalwood Global Energy Ltd. Class A Ordinary Shares
RWGE
+$14.5M

Top Sells

Rank Stock Value
1
NXPI icon
NXP Semiconductors
NXPI
+$222M
2
EXPE icon
Expedia Group
EXPE
+$118M
3
MFGP
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
+$102M
4
SRUN
Silver Run Acquisition Corporation II Class A
SRUN
+$96.2M
5
AABA
Altaba Inc
AABA
+$87.8M

Sector Composition

Rank Sector Weight
1 Financials 16.77%
2 Consumer Discretionary 15.91%
3 Energy 15.51%
4 Utilities 12.71%
5 Technology 11.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VEACW
51
DELISTED
Vantage Energy Acquisition Corp.
VEACW
$1.21M 0.05%
833,332
– –
FSACW
52
DELISTED
Federal Street Acquisition Corp. Warrant
FSACW
$1.13M 0.05%
900,000
– –
LCAHW
53
DELISTED
Landcadia Holdings, Inc. Warrant
LCAHW
$1.1M 0.05%
1,500,000
– –
SCACW
54
DELISTED
Saban Capital Acquisition Corp. Warrants
SCACW
$1.04M 0.04%
800,000
– –
MPACW
55
DELISTED
Matlin & Partners Acquisition Corporation
MPACW
$1.01M 0.04%
1,900,000
– –
IPOA.WS
56
DELISTED
Social Capital Hedosophia Holdings Corp. Warrants, each whole warrant exercisable for one Class A Or
IPOA.WS
$830K 0.03%
500,000
– –
KAACW
57
DELISTED
Kayne Anderson Acquisition Corp.
KAACW
$792K 0.03%
833,333
– –
GTYHW
58
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
$779K 0.03%
633,333
– –
TPGH.WS
59
DELISTED
TPG Pace Holdings Corp. Warrants, each exercisable for one Class A Ordinary Share at an exercise pri
TPGH.WS
$742K 0.03%
466,666
– –
CIC.WS
60
DELISTED
Capitol Investment Corp. IV
CIC.WS
$708K 0.03%
600,000
– –
HCAC.WS
61
DELISTED
Hennessy Capital Acquisition Corp. III
HCAC.WS
$623K 0.03%
750,000
– –
AHPAW
62
DELISTED
Avista Healthcare Public Acquisition Corp. Warrants
AHPAW
$594K 0.02%
1,800,000
– –
RWGE.WS
63
DELISTED
Regalwood Global Energy Ltd. Warrants, each whole warrant exercisable for one Class A ordinary share
RWGE.WS
$545K 0.02%
+500,000
New +$571K
WSCWW
64
DELISTED
WillScot Corporation Warrant
WSCWW
$523K 0.02%
313,390
– –
CNACR
65
DELISTED
Constellation Alpha Capital Corp. Right
CNACR
$450K 0.02%
1,249,999
– –
ELECW
66
DELISTED
Electrum Special Acquisition Corporation
ELECW
$380K 0.02%
1,100,000
– –
CNACW
67
DELISTED
Constellation Alpha Capital Corp. Warrant
CNACW
$324K 0.01%
1,249,999
– –
EAGLW
68
DELISTED
Platinum Eagle Acquisition Corp. Warrant
EAGLW
$317K 0.01%
+333,333
New +$472K
ESTRW
69
DELISTED
Estre Ambiental, Inc
ESTRW
$222K 0.01%
383,167
-2,633
-0.7% -$1.74K
EXPE icon
70
Expedia Group
EXPE
$35.5B
– –
-982,270
Closed -$118M
GOOG icon
71
CALL
Alphabet (Google) Class C
GOOG
$4.07T
– –
-5,000,000
Closed -$262M
MSFT icon
72
CALL
Microsoft
MSFT
$2.92T
– –
-1,700,000
Closed -$145M
TSLA icon
73
PUT
Tesla
TSLA
$1.21T
– –
-3,300,000
Closed -$68.5M
RWGE.U
74
DELISTED
Regalwood Global Energy Ltd. Units, each consisting of one Class A ordinary share and one-third of o
RWGE.U
– –
-1,500,000
Closed -$14.9M
AABA
75
DELISTED
Altaba Inc
AABA
– –
-1,256,344
Closed -$87.8M
1 2
3
4

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 Q1 2018 Portfolio in Review

As of Q1 2018, Fir Tree Capital Management held 81 positions worth $2.42B, down 35% from $3.71B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Fir Tree Capital Management withdrew a net $1.06B in Q1 2018, closing 12 positions and reducing 16 holdings. Its most notable exit was Expedia Group, an estimated $118M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Fir Tree Capital Management opened a new position in FirstEnergy worth $228M.

  • Fir Tree Capital Management's largest Q1 2018 buy was FirstEnergy: 6,699,056 shares worth $228M.
  • Fir Tree Capital Management added most to Aetna Inc in Q1 2018, an estimated $132M increase.
  • Fir Tree Capital Management's biggest Q1 2018 reduction was NXP Semiconductors, cutting an estimated $222M.
  • Fir Tree Capital Management fully exited Expedia Group in Q1 2018, selling an estimated $118M.
  • Fir Tree Capital Management's ten largest holdings make up 64% of its $2.42B portfolio in Q1 2018.
  • Fir Tree Capital Management opened 9 new positions and closed 12 in Q1 2018.
  • Fir Tree Capital Management's portfolio value fell 35% quarter-over-quarter to $2.42B.

Based on Fir Tree Capital Management's 13F filing for Q1 2018, filed 15 May 2018.