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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
+1.53%
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
$957M
AUM Growth
-$117M
Cap. Flow
-$152M
Cap. Flow %
-15.87%
Top 10 Hldgs %
22.76%
Holding
291
New
34
Increased
58
Reduced
63
Closed
69

Top Buys

Rank Stock Value
1
ODP
ODP
ODP
+$19.4M
2
PCG icon
PG&E
PCG
+$13.7M
3
FLD
Fold Holdings
FLD
+$10.4M
4
MNTN
Everest Consolidator Acquisition Corporation
MNTN
+$10.4M
5
PEGR
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
+$7.91M

Top Sells

Rank Stock Value
1
SPB icon
Spectrum Brands
SPB
+$21.5M
2
PSQH icon
PSQ Holdings
PSQH
+$15.9M
3
ATVI
Activision Blizzard
ATVI
+$14.8M
4
ARTE
Artemis Strategic Investment Corporation Class A Common Stock
ARTE
+$14M
5
MBSC
M3-Brigade Acquisition III Corp.
MBSC
+$10.2M

Sector Composition

Rank Sector Weight
1 Financials 55.97%
2 Technology 10.02%
3 Industrials 8.01%
4 Materials 4.01%
5 Consumer Discretionary 3.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GAQ
51
DELISTED
Generation Asia I Acquisition Limited Class A Ordinary Shares
GAQ
$4.94M 0.52%
460,094
+44,912
+11% +$476K
AERT
52
Aeries Technology
AERT
$36.8M
$4.91M 0.51%
57,900
-850
-1% -$71.5K
SCRM
53
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
$4.9M 0.51%
468,927
-119,943
-20% -$1.25M
KRNL
54
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
$4.9M 0.51%
462,661
-37,339
-7% -$392K
AACI
55
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
$4.82M 0.5%
450,000
+50,000
+13% +$529K
AIEV
56
DELISTED
Thunder Power Holdings, Inc. Common Stock
AIEV
$4.81M 0.5%
450,000
+92,470
+26% +$983K
IRRX
57
DELISTED
Integrated Rail and Resources Acquisition Corp.
IRRX
$4.67M 0.49%
429,655
-70,345
-14% -$762K
IGTA
58
DELISTED
Inception Growth Acquisition Limited Common Stock
IGTA
$4.67M 0.49%
440,000
+37,000
+9% +$388K
SVII
59
DELISTED
Spring Valley Acquisition Corp II
SVII
$4.67M 0.49%
436,300
-63,700
-13% -$677K
AER icon
60
AerCap
AER
$24.1B
$4.66M 0.49%
+74,283
New +$4.68M
VAQC
61
DELISTED
Vector Acquisition Corporation II Class A Ordinary Shares
VAQC
$4.61M 0.48%
439,238
– –
FRXB
62
DELISTED
Forest Road Acquisition Corp. II
FRXB
$4.55M 0.48%
440,000
– –
DEVS
63
DELISTED
DevvStream Corp
DEVS
$4.52M 0.47%
41,646
– –
HHLA
64
DELISTED
HH&L Acquisition Co.
HHLA
$4.46M 0.47%
420,000
-74,474
-15% -$784K
MBAC
65
DELISTED
M3-Brigade Acquisition II Corp.
MBAC
$4.44M 0.46%
426,653
– –
TWOA
66
DELISTED
two
TWOA
$4.43M 0.46%
422,547
– –
CMCA
67
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
$4.32M 0.45%
400,000
– –
CBRG
68
DELISTED
Chain Bridge I Class A Ordinary Shares
CBRG
$4.3M 0.45%
400,000
– –
LGVC
69
DELISTED
LAMF Global Ventures Corp. I Class A Ordinary Shares
LGVC
$4.28M 0.45%
400,000
– –
CFFS
70
DELISTED
CF Acquisition Corp. VII Class A Common Stock
CFFS
$4.28M 0.45%
400,000
– –
DPCS
71
DELISTED
DP Cap Acquisition Corp I Class A Ordinary Shares
DPCS
$4.28M 0.45%
400,000
– –
FLYX icon
72
flyExclusive
FLYX
$59.5M
$4.26M 0.45%
400,000
– –
NBST
73
DELISTED
Newbury Street Acquisition Corporation Common Stock
NBST
$4.26M 0.45%
405,972
– –
BNAI
74
Brand Engagement Network
BNAI
$80.9M
$4.25M 0.44%
40,000
– –
SUAC
75
DELISTED
ShoulderUp Technology Acquisition Corp.
SUAC
$4.22M 0.44%
400,000
– –
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 Q3 2023 Portfolio in Review

As of Q3 2023, Fir Tree Capital Management held 291 positions worth $957M, down 11% from $1.07B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Fir Tree Capital Management withdrew a net $152M in Q3 2023, closing 69 positions and reducing 63 holdings. Its most notable exit was Spectrum Brands, an estimated $21.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 56% of assets, down from 58% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in ODP worth $18.6M.

  • Fir Tree Capital Management's largest Q3 2023 buy was ODP: 403,687 shares worth $18.6M.
  • Fir Tree Capital Management added most to PG&E in Q3 2023, an estimated $13.7M increase.
  • Fir Tree Capital Management's biggest Q3 2023 reduction was Artemis Strategic Investment Corporation Class A Common Stock, cutting an estimated $14M.
  • Fir Tree Capital Management fully exited Spectrum Brands in Q3 2023, selling an estimated $21.5M.
  • Fir Tree Capital Management's ten largest holdings make up 23% of its $957M portfolio in Q3 2023.
  • Fir Tree Capital Management opened 34 new positions and closed 69 in Q3 2023.
  • Fir Tree Capital Management's portfolio value fell 11% quarter-over-quarter to $957M.

Based on Fir Tree Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.