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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
+6.05%
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
$414M
AUM Growth
-$191M
Cap. Flow
-$208M
Cap. Flow %
-50.31%
Top 10 Hldgs %
62.2%
Holding
169
New
21
Increased
17
Reduced
61
Closed
59

Top Buys

Rank Stock Value
1
AAP icon
Advance Auto Parts
AAP
+$24.2M
2
SIX
Six Flags Entertainment Corp.
SIX
+$10.3M
3
KBR icon
KBR
KBR
+$7.81M
4
FRLA
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
+$3.16M
5
EVGR
Evergreen Corporation Class A Ordinary Share
EVGR
+$2.82M

Top Sells

Rank Stock Value
1
CNNE icon
Cannae Holdings
CNNE
+$16.4M
2
M icon
Macy's
M
+$14.1M
3
ODP
ODP
ODP
+$13.4M
4
AIRJ
Montana Technologies Corp
AIRJ
+$11.1M
5
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$9.71M

Sector Composition

Rank Sector Weight
1 Financials 26.38%
2 Consumer Discretionary 10.04%
3 Industrials 5.86%
4 Technology 5.67%
5 Communication Services 4.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LATG
51
DELISTED
Chenghe Acquisition I Co. Class A Ordinary Shares
LATG
$1.46M 0.35%
129,923
-32,998
-20% -$368K
PLMJ
52
DELISTED
Plum Acquisition Corp. III Class A Ordinary Shares
PLMJ
$1.45M 0.35%
+135,700
New +$1.46M
APXI
53
DELISTED
APx Acquisition Corp. I Class A Ordinary Share
APXI
$1.34M 0.32%
117,400
– –
CHAA
54
DELISTED
Catcha Investment Corp
CHAA
$1.33M 0.32%
117,677
-86,831
-42% -$967K
CVII
55
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$1.32M 0.32%
123,675
-19,313
-14% -$205K
HSPO
56
DELISTED
Horizon Space Acquisition I Corp
HSPO
$1.32M 0.32%
120,966
– –
QDRO
57
DELISTED
Quadro Acquisition One Corp. Class A Ordinary Shares
QDRO
$1.27M 0.31%
115,555
-8,200
-7% -$89.8K
ACAC
58
DELISTED
Acri Capital Acquisition Corp
ACAC
$1.26M 0.3%
112,090
+73,254
+189% +$817K
ABP
59
DELISTED
Abpro Holdings
ABP
$1.26M 0.3%
3,903
-4,460
-53% -$1.44M
VSAT icon
60
CALL
Viasat
VSAT
$10.6B
$1.25M 0.3%
69,000
-36,100
-34% -$758K
ACBA
61
DELISTED
Ace Global Business Acquisition Ltd
ACBA
$1.22M 0.3%
101,409
-106,511
-51% -$1.28M
KVAC icon
62
Keen Vision Acquisition Corp
KVAC
$63.4M
$1.15M 0.28%
109,655
-14,875
-12% -$155K
LEGT
63
DELISTED
Legato Merger Corp III
LEGT
$1.05M 0.25%
+104,942
New +$1.05M
MARX
64
DELISTED
Mars Acquisition Corp. Ordinary Shares
MARX
$1.05M 0.25%
98,730
+35,870
+57% +$383K
IGTA
65
DELISTED
Inception Growth Acquisition Limited Common Stock
IGTA
$1.04M 0.25%
95,877
+52
+0.1% +$562
CLBR
66
DELISTED
Colombier Acquisition Corp II
CLBR
$1.03M 0.25%
+100,000
New +$1.02M
SPKL
67
Spark I Acquisition Corp
SPKL
$101M
$1.03M 0.25%
100,000
– –
TMTC
68
DELISTED
TMT Acquisition Corp Ordinary Shares
TMTC
$902K 0.22%
84,343
+2,500
+3% +$26.6K
USAR
69
USA Rare Earth Inc
USAR
$3.66B
$875K 0.21%
83,540
-484,744
-85% -$5.05M
IXAQ
70
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$846K 0.2%
75,558
+62,164
+464% +$691K
CETU
71
DELISTED
Cetus Capital Acquisition Corp. Class A Common Stock
CETU
$830K 0.2%
78,268
-80,265
-51% -$848K
RFAC
72
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
$812K 0.2%
+74,995
New +$810K
ISRL
73
DELISTED
Israel Acquisitions Corp
ISRL
$808K 0.2%
74,088
-74,673
-50% -$802K
RCFA
74
DELISTED
Perception Capital Corp. IV
RCFA
$804K 0.19%
72,000
– –
ALSA
75
DELISTED
Alpha Star Acquisition Corp
ALSA
$790K 0.19%
69,737
-231,513
-77% -$2.6M
1 2
3
4 5

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PC
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WHP
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ADIM
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Fir Tree Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fir Tree Capital Management held 169 positions worth $414M, down 32% from $605M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Fir Tree Capital Management withdrew a net $208M in Q1 2024, closing 59 positions and reducing 61 holdings. Its most notable exit was Cannae Holdings, an estimated $16.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 42% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in Advance Auto Parts worth $29.8M.

  • Fir Tree Capital Management's largest Q1 2024 buy was Advance Auto Parts: 350,000 shares worth $29.8M.
  • Fir Tree Capital Management added most to Six Flags Entertainment Corp. in Q1 2024, an estimated $10.3M increase.
  • Fir Tree Capital Management's biggest Q1 2024 reduction was Macy's, cutting an estimated $14.1M.
  • Fir Tree Capital Management fully exited Cannae Holdings in Q1 2024, selling an estimated $16.4M.
  • Fir Tree Capital Management's ten largest holdings make up 62% of its $414M portfolio in Q1 2024.
  • Fir Tree Capital Management opened 21 new positions and closed 59 in Q1 2024.
  • Fir Tree Capital Management's portfolio value fell 32% quarter-over-quarter to $414M.

Based on Fir Tree Capital Management's 13F filing for Q1 2024, filed 15 May 2024.