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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
+1.76%
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
$1.07B
AUM Growth
-$184M
Cap. Flow
-$230M
Cap. Flow %
-21.37%
Top 10 Hldgs %
20.26%
Holding
328
New
45
Increased
47
Reduced
85
Closed
71

Top Buys

Rank Stock Value
1
VYX icon
NCR Voyix
VYX
+$22.3M
2
PCG icon
PG&E
PCG
+$16.1M
3
EVGR
Evergreen Corporation Class A Ordinary Share
EVGR
+$8.62M
4
SBXC
SilverBox Corp III
SBXC
+$8.06M
5
IPXXU
Inflection Point Acquisition Corp. II Unit
IPXXU
+$7.58M

Top Sells

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$22.6M
2
PNTM
Pontem Corporation
PNTM
+$20M
3
TRAQ
Trine II Acquisition Corp.
TRAQ
+$18.2M
4
MTAL
Metals Acquisition
MTAL
+$16M
5
RBA icon
RB Global
RBA
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 57.68%
2 Technology 13.7%
3 Industrials 6.62%
4 Healthcare 3.14%
5 Consumer Staples 2.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KRNL
51
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
$5.25M 0.49%
500,000
– –
CFIV
52
DELISTED
CF Acquisition Corp. IV Class A common stock
CFIV
$5.25M 0.49%
500,000
-399,856
-44% -$4.17M
XFIN
53
DELISTED
ExcelFin Acquisition Corp Class A Common Stock
XFIN
$5.2M 0.48%
500,000
-788,486
-61% -$8.15M
HHLA
54
DELISTED
HH&L Acquisition Co.
HHLA
$5.18M 0.48%
494,474
+409,782
+484% +$4.27M
GBBK
55
DELISTED
Global Blockchain Acquisition Corp. Common Stock
GBBK
$5.17M 0.48%
490,328
+230,000
+88% +$2.38M
TRCA
56
DELISTED
Twin Ridge Capital Acquisition Corp.
TRCA
$5.11M 0.48%
477,944
+134,560
+39% +$1.4M
PUCK
57
DELISTED
Goal Acquisitions Corp. Common Stock
PUCK
$5.09M 0.47%
490,219
– –
QOMO
58
DELISTED
Qomolangma Acquisition Corp. Common Stock
QOMO
$5.09M 0.47%
488,100
-6,900
-1% -$71.4K
BMAC
59
DELISTED
Black Mountain Acquisition Corp.
BMAC
$5.04M 0.47%
473,832
-103,765
-18% -$1.09M
DSAQ
60
DELISTED
Direct Selling Acquisition Corp.
DSAQ
$4.98M 0.46%
468,430
+168,430
+56% +$1.77M
APMI
61
DELISTED
AxonPrime Infrastructure Acquisition Corporation Class A Common Stock
APMI
$4.94M 0.46%
479,844
-90,385
-16% -$924K
AERT
62
Aeries Technology
AERT
$35.9M
$4.9M 0.46%
58,750
+8,750
+18% +$724K
APCA
63
DELISTED
AP Acquisition Corp
APCA
$4.89M 0.46%
454,719
-44,300
-9% -$472K
ELIQ
64
DELISTED
Electriq Power Holdings, Inc.
ELIQ
$4.73M 0.44%
447,101
– –
HWEL
65
DELISTED
Healthwell Acquisition Corp. I Class A Common Stock
HWEL
$4.68M 0.44%
455,093
-47,158
-9% -$482K
DEVS
66
DELISTED
DevvStream Corp
DEVS
$4.63M 0.43%
41,646
-27,509
-40% -$2.88M
SKGR
67
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$4.52M 0.42%
426,600
– –
UTAA
68
DELISTED
UTA Acquisition Corporation Class A Ordinary Shares
UTAA
$4.51M 0.42%
426,800
-61,300
-13% -$644K
FRXB
69
DELISTED
Forest Road Acquisition Corp. II
FRXB
$4.51M 0.42%
440,000
+40,000
+10% +$403K
VAQC
70
DELISTED
Vector Acquisition Corporation II Class A Ordinary Shares
VAQC
$4.5M 0.42%
439,238
– –
MBAC
71
DELISTED
M3-Brigade Acquisition II Corp.
MBAC
$4.37M 0.41%
426,653
– –
GAQ
72
DELISTED
Generation Asia I Acquisition Limited Class A Ordinary Shares
GAQ
$4.37M 0.41%
415,182
+217,000
+109% +$2.27M
TWOA
73
DELISTED
two
TWOA
$4.35M 0.41%
422,547
-526,905
-55% -$5.35M
APXI
74
DELISTED
APx Acquisition Corp. I Class A Ordinary Share
APXI
$4.34M 0.4%
402,900
– –
BRLS icon
75
Borealis Foods
BRLS
$17.6M
$4.33M 0.4%
405,793
– –
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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AI
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CP
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Fir Tree Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Fir Tree Capital Management held 328 positions worth $1.07B, down 15% from $1.26B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Fir Tree Capital Management withdrew a net $230M in Q2 2023, closing 71 positions and reducing 85 holdings. Its most notable exit was Pontem Corporation, an estimated $20M position sold in full.

By sector, the portfolio is most concentrated in Financials at 58% of assets, down from 65% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in NCR Voyix worth $23.9M.

  • Fir Tree Capital Management's largest Q2 2023 buy was NCR Voyix: 1,548,500 shares worth $23.9M.
  • Fir Tree Capital Management added most to SunPower Inc in Q2 2023, an estimated $7.44M increase.
  • Fir Tree Capital Management's biggest Q2 2023 reduction was VMware, Inc, cutting an estimated $22.6M.
  • Fir Tree Capital Management fully exited Pontem Corporation in Q2 2023, selling an estimated $20M.
  • Fir Tree Capital Management's ten largest holdings make up 20% of its $1.07B portfolio in Q2 2023.
  • Fir Tree Capital Management opened 45 new positions and closed 71 in Q2 2023.
  • Fir Tree Capital Management's portfolio value fell 15% quarter-over-quarter to $1.07B.

Based on Fir Tree Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.