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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
+3.26%
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
$2.5B
AUM Growth
+$443M
Cap. Flow
+$249M
Cap. Flow %
9.96%
Top 10 Hldgs %
25.28%
Holding
511
New
343
Increased
13
Reduced
40
Closed
80

Top Buys

Rank Stock Value
1
CIT
CIT Group Inc.
CIT
+$53.4M
2
EXC icon
Exelon
EXC
+$50.1M
3
NAAC
North Atlantic Acquisition Corporation Class A Ordinary Share
NAAC
+$29M
4
PCPC
Periphas Capital Partnering Corporation
PCPC
+$26.7M
5
EAC
Edify Acquisition Corp. Class A Common Stock
EAC
+$23.2M

Top Sells

Rank Stock Value
1
SLM icon
SLM Corp
SLM
+$96.6M
2
EXPE icon
Expedia Group
EXPE
+$68.6M
3
SPHR icon
Sphere Entertainment
SPHR
+$61.3M
4
LAMR icon
Lamar Advertising Co
LAMR
+$47M
5
FE icon
FirstEnergy
FE
+$40.8M

Sector Composition

Rank Sector Weight
1 Financials 23.59%
2 Healthcare 9.15%
3 Industrials 8.26%
4 Technology 8.07%
5 Communication Services 7.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LHC
51
DELISTED
Leo Holdings Corp. II
LHC
$9.72M 0.39%
+1,000,000
New +$9.81M
ISOS.U
52
DELISTED
Isos Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-third of
ISOS.U
$9.58M 0.38%
+961,600
New +$9.59M
VWE
53
DELISTED
Vintage Wine Estates, Inc. Common Stock
VWE
$9.54M 0.38%
+957,431
New +$9.62M
APGB.U
54
DELISTED
Apollo Strategic Growth Capital II Units, each consisting of one Class A ordinary share, and one-fifth of one warrant
APGB.U
$9.48M 0.38%
+950,000
New +$9.78M
SST icon
55
System1
SST
$14.3M
$9.39M 0.38%
94,290
– –
CFIV
56
DELISTED
CF Acquisition Corp. IV Class A common stock
CFIV
$8.79M 0.35%
+900,000
New +$9M
SNRH
57
DELISTED
Senior Connect Acquisition Corp. I Class A Common Stock
SNRH
$8.26M 0.33%
+850,000
New +$8.57M
FCNCA icon
58
First Citizens BancShares
FCNCA
$24.7B
$8.2M 0.33%
+9,810
New +$7.1M
SLM icon
59
SLM Corp
SLM
$4.87B
$8.13M 0.32%
452,550
-6,368,105
-93% -$96.6M
DHCAU
60
DELISTED
DHC Acquisition Corp. Unit
DHCAU
$7.99M 0.32%
+800,000
New +$7.96M
MOND
61
DELISTED
Mondee Holdings, Inc. Class A Common Stock
MOND
$7.76M 0.31%
+800,000
New +$7.79M
CLAS
62
DELISTED
Class Acceleration Corp.
CLAS
$7.73M 0.31%
+800,000
New +$7.77M
GSEVU
63
DELISTED
Gores Holdings VII, Inc. Units
GSEVU
$7.72M 0.31%
+775,000
New +$7.89M
WPCB.U
64
DELISTED
Warburg Pincus Capital Corporation I-B Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
WPCB.U
$7.49M 0.3%
+750,000
New +$7.55M
GLBLU
65
DELISTED
Cartesian Growth Corporation Unit
GLBLU
$7.46M 0.3%
+750,000
New +$7.49M
FSNB.U
66
DELISTED
Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
FSNB.U
$7.45M 0.3%
+750,000
New +$7.48M
TIGR
67
CALL
UP Fintech Holding
TIGR
$868M
$7.43M 0.3%
+417,500
New +$8.5M
VAQC
68
DELISTED
Vector Acquisition Corporation II Class A Ordinary Shares
VAQC
$7.42M 0.3%
+750,000
New +$7.47M
YAC
69
DELISTED
Yucaipa Acquisition Corporation Class A Ordinary Shares
YAC
$7.39M 0.3%
750,000
– –
ADRA.U
70
DELISTED
Adara Acquisition Corp Units
ADRA.U
$7.35M 0.29%
+740,955
New +$7.5M
SFR
71
DELISTED
Appreciate Holdings, Inc. Class A Common Stock
SFR
$7.34M 0.29%
+750,000
New +$7.64M
AMPS
72
DELISTED
Altus Power
AMPS
$7.31M 0.29%
+750,000
New +$7.65M
IIAC
73
DELISTED
Investindustrial Acquisition Corp.
IIAC
$7.31M 0.29%
+750,000
New +$7.7M
ISLE
74
DELISTED
Isleworth Healthcare Acquisition Corporation Common stock
ISLE
$7.27M 0.29%
+750,000
New +$7.25M
AKIC
75
DELISTED
Sports Ventures Acquisition Corp. Class A Ordinary Shares
AKIC
$7.21M 0.29%
+750,000
New +$7.4M
1 2
3
4 5

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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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Fir Tree Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Fir Tree Capital Management held 511 positions worth $2.5B, up 21% from $2.06B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Fir Tree Capital Management deployed $249M of net new capital in Q1 2021, opening 343 new positions and adding to 13 existing holdings. Its largest new stake was CIT Group Inc.: 1,191,290 shares worth $61.4M.

By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 14% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was SLM Corp, an estimated $96.6M trimmed.

  • Fir Tree Capital Management's largest Q1 2021 buy was CIT Group Inc.: 1,191,290 shares worth $61.4M.
  • Fir Tree Capital Management added most to Outfront Media in Q1 2021, an estimated $18.9M increase.
  • Fir Tree Capital Management's biggest Q1 2021 reduction was SLM Corp, cutting an estimated $96.6M.
  • Fir Tree Capital Management fully exited Expedia Group in Q1 2021, selling an estimated $68.6M.
  • Fir Tree Capital Management's ten largest holdings make up 25% of its $2.5B portfolio in Q1 2021.
  • Fir Tree Capital Management opened 343 new positions and closed 80 in Q1 2021.
  • Fir Tree Capital Management's portfolio value rose 21% quarter-over-quarter to $2.5B.

Based on Fir Tree Capital Management's 13F filing for Q1 2021, filed 17 May 2021.