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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
+3.2%
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
$2.24B
AUM Growth
-$178M
Cap. Flow
-$143M
Cap. Flow %
-6.38%
Top 10 Hldgs %
59.4%
Holding
81
New
12
Increased
7
Reduced
9
Closed
12

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$154M
2
NXPI icon
NXP Semiconductors
NXPI
+$117M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$68.9M
4
KANG
iKang Healthcare Group, Inc.
KANG
+$46M
5
SIRI icon
SiriusXM
SIRI
+$40.5M

Top Sells

Rank Stock Value
1
TWX
Time Warner Inc
TWX
+$188M
2
EQIX icon
Equinix
EQIX
+$136M
3
PCG icon
PG&E
PCG
+$79.9M
4
MSFT icon
Microsoft
MSFT
+$54.6M
5
ORCL icon
Oracle
ORCL
+$43.9M

Sector Composition

Rank Sector Weight
1 Technology 21.83%
2 Energy 17.83%
3 Financials 15.49%
4 Consumer Discretionary 13.16%
5 Utilities 9.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MPACW
51
DELISTED
Matlin & Partners Acquisition Corporation
MPACW
$1.24M 0.06%
1,900,000
– –
FSACW
52
DELISTED
Federal Street Acquisition Corp. Warrant
FSACW
$1.13M 0.05%
900,000
– –
VEACW
53
DELISTED
Vantage Energy Acquisition Corp.
VEACW
$1.08M 0.05%
833,332
– –
HCAC.WS
54
DELISTED
Hennessy Capital Acquisition Corp. III
HCAC.WS
$1.08M 0.05%
750,000
– –
SCACW
55
DELISTED
Saban Capital Acquisition Corp. Warrants
SCACW
$1.06M 0.05%
800,000
– –
KAACW
56
DELISTED
Kayne Anderson Acquisition Corp.
KAACW
$1M 0.04%
833,333
– –
FPAC.WS
57
DELISTED
Far Point Acquisition Corporation Warrants, exercisable for one share of Class A Common Stock for $1
FPAC.WS
$945K 0.04%
+700,000
New +$954K
IPOA.WS
58
DELISTED
Social Capital Hedosophia Holdings Corp. Warrants, each whole warrant exercisable for one Class A Or
IPOA.WS
$900K 0.04%
500,000
– –
CIC.WS
59
DELISTED
Capitol Investment Corp. IV
CIC.WS
$840K 0.04%
600,000
– –
AHPAW
60
DELISTED
Avista Healthcare Public Acquisition Corp. Warrants
AHPAW
$828K 0.04%
1,800,000
– –
CNACR
61
DELISTED
Constellation Alpha Capital Corp. Right
CNACR
$812K 0.04%
1,249,999
– –
GTYHW
62
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
$792K 0.04%
633,333
– –
TPGH.WS
63
DELISTED
TPG Pace Holdings Corp. Warrants, each exercisable for one Class A Ordinary Share at an exercise pri
TPGH.WS
$789K 0.04%
466,666
– –
WSCWW
64
DELISTED
WillScot Corporation Warrant
WSCWW
$708K 0.03%
313,390
– –
RWGE.WS
65
DELISTED
Regalwood Global Energy Ltd. Warrants, each whole warrant exercisable for one Class A ordinary share
RWGE.WS
$625K 0.03%
500,000
– –
LCAHW
66
DELISTED
Landcadia Holdings, Inc. Warrant
LCAHW
$478K 0.02%
575,500
-924,500
-62% -$646K
EAGLW
67
DELISTED
Platinum Eagle Acquisition Corp. Warrant
EAGLW
$467K 0.02%
333,333
– –
CNACW
68
DELISTED
Constellation Alpha Capital Corp. Warrant
CNACW
$437K 0.02%
1,249,999
– –
ESTRW
69
DELISTED
Estre Ambiental, Inc
ESTRW
$146K 0.01%
364,482
-18,685
-5% -$11.8K
DDS icon
70
PUT
Dillards
DDS
$9.2B
– –
-500,000
Closed -$40.2M
EQIX icon
71
Equinix
EQIX
$102B
– –
-326,037
Closed -$136M
HGV icon
72
Hilton Grand Vacations
HGV
$4.14B
– –
-96,399
Closed -$4.15M
ORCL icon
73
Oracle
ORCL
$346B
– –
-958,808
Closed -$43.9M
PCG icon
74
PG&E
PCG
$39.2B
– –
-1,817,800
Closed -$79.9M
SD icon
75
SandRidge Energy
SD
$485M
– –
-2,214,593
Closed -$32.1M
1 2
3
4

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Fir Tree Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Fir Tree Capital Management held 81 positions worth $2.24B, down 7.4% from $2.42B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Fir Tree Capital Management withdrew a net $143M in Q2 2018, closing 12 positions and reducing 9 holdings. Its most notable exit was Time Warner Inc, an estimated $188M position sold in full.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 12% a quarter earlier, followed by Energy and Financials.

Against the trend, Fir Tree Capital Management opened a new position in Altaba Inc worth $151M.

  • Fir Tree Capital Management's largest Q2 2018 buy was Altaba Inc: 2,060,000 shares worth $151M.
  • Fir Tree Capital Management added most to NXP Semiconductors in Q2 2018, an estimated $117M increase.
  • Fir Tree Capital Management's biggest Q2 2018 reduction was Microsoft, cutting an estimated $54.6M.
  • Fir Tree Capital Management fully exited Time Warner Inc in Q2 2018, selling an estimated $188M.
  • Fir Tree Capital Management's ten largest holdings make up 59% of its $2.24B portfolio in Q2 2018.
  • Fir Tree Capital Management opened 12 new positions and closed 12 in Q2 2018.
  • Fir Tree Capital Management's portfolio value fell 7.4% quarter-over-quarter to $2.24B.

Based on Fir Tree Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.