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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
+7.66%
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
$1.17B
AUM Growth
-$255M
Cap. Flow
-$260M
Cap. Flow %
-22.22%
Top 10 Hldgs %
72.5%
Holding
73
New
11
Increased
2
Reduced
8
Closed
21

Top Buys

Rank Stock Value
1
C icon
Citigroup
C
+$135M
2
BKNG icon
Booking.com
BKNG
+$45.8M
3
LAUR icon
Laureate Education
LAUR
+$22.4M
4
FSR
Fisker Inc.
FSR
+$16.9M
5
STAY
Extended Stay America, Inc. Paired Share Unit
STAY
+$15.2M

Top Sells

Rank Stock Value
1
EA icon
Electronic Arts
EA
+$56.8M
2
SHPG
Shire pic
SHPG
+$56.7M
3
LKQ icon
LKQ Corp
LKQ
+$50.6M
4
NXPI icon
NXP Semiconductors
NXPI
+$50.5M
5
MHK icon
Mohawk Industries
MHK
+$48.5M

Sector Composition

Rank Sector Weight
1 Technology 21.61%
2 Financials 19.72%
3 Consumer Discretionary 15.16%
4 Utilities 14.71%
5 Energy 14.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNACW
51
DELISTED
Constellation Alpha Capital Corp. Warrant
CNACW
$150K 0.01%
1,249,999
– –
VEACW
52
DELISTED
Vantage Energy Acquisition Corp.
VEACW
$133K 0.01%
577,470
-255,862
-31% -$87.6K
ALLY icon
53
Ally Financial
ALLY
$13.4B
– –
-398,118
Closed -$9.02M
APTV icon
54
Aptiv
APTV
$12.6B
– –
-617,500
Closed -$38M
CLVT icon
55
Clarivate
CLVT
$1.53B
– –
-1,200,000
Closed -$11.5M
EA icon
56
Electronic Arts
EA
$52.4B
– –
-720,000
Closed -$56.8M
GS icon
57
Goldman Sachs
GS
$305B
– –
-223,210
Closed -$37.3M
LKQ icon
58
LKQ Corp
LKQ
$6.77B
– –
-2,134,016
Closed -$50.6M
NXPI icon
59
NXP Semiconductors
NXPI
$65.4B
– –
-689,583
Closed -$50.5M
OMF icon
60
OneMain Financial
OMF
$7.19B
– –
-212,894
Closed -$5.17M
TH icon
61
Target Hospitality
TH
$1.47B
– –
-1,000,000
Closed -$10.1M
DMTK
62
DELISTED
DermTech, Inc. Common Stock
DMTK
– –
-625,000
Closed -$12.8M
SPAQ.U
63
DELISTED
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
– –
-1,750,000
Closed -$17.5M
DLPH
64
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
– –
-206,000
Closed -$2.95M
CCC.WS
65
DELISTED
Clarivate Analytics Plc Warrants, each to purchase one Ordinary Share
CCC.WS
– –
-599,999
Closed -$522K
WFT
66
DELISTED
Weatherford International plc
WFT
– –
-1,439,713
Closed -$805K
SCACW
67
DELISTED
Saban Capital Acquisition Corp. Warrants
SCACW
– –
-800,000
Closed -$480K
EAGLW
68
DELISTED
Platinum Eagle Acquisition Corp. Warrant
EAGLW
– –
-283,333
Closed -$368K
FSAC
69
DELISTED
Federal Street Acquisition Corp. Common Stock
FSAC
– –
-1,800,000
Closed -$18.2M
FSACW
70
DELISTED
Federal Street Acquisition Corp. Warrant
FSACW
– –
-490,806
Closed -$334K
ESES
71
DELISTED
Eco-Stim Energy Solutions Inc. Common Stock
ESES
– –
-50,025,278
Closed -$3.24M
SHPG
72
DELISTED
Shire pic
SHPG
– –
-325,558
Closed -$56.7M
1 2
3

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AVM
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PC
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WHP
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ADIM
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CAWM
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AI
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Fir Tree Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Fir Tree Capital Management held 73 positions worth $1.17B, down 18% from $1.42B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Fir Tree Capital Management withdrew a net $260M in Q1 2019, closing 21 positions and reducing 8 holdings. Its most notable exit was Electronic Arts, an estimated $56.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Fir Tree Capital Management opened a new position in Citigroup worth $135M.

  • Fir Tree Capital Management's largest Q1 2019 buy was Citigroup: 2,169,136 shares worth $135M.
  • Fir Tree Capital Management added most to Navient in Q1 2019, an estimated $7.34M increase.
  • Fir Tree Capital Management's biggest Q1 2019 reduction was Mohawk Industries, cutting an estimated $48.5M.
  • Fir Tree Capital Management fully exited Electronic Arts in Q1 2019, selling an estimated $56.8M.
  • Fir Tree Capital Management's ten largest holdings make up 72% of its $1.17B portfolio in Q1 2019.
  • Fir Tree Capital Management opened 11 new positions and closed 21 in Q1 2019.
  • Fir Tree Capital Management's portfolio value fell 18% quarter-over-quarter to $1.17B.

Based on Fir Tree Capital Management's 13F filing for Q1 2019, filed 15 May 2019.