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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
-1.58%
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
$190M
AUM Growth
-$224M
Cap. Flow
-$221M
Cap. Flow %
-115.94%
Top 10 Hldgs %
51.73%
Holding
134
New
22
Increased
16
Reduced
34
Closed
46

Top Buys

Rank Stock Value
1
AR icon
Antero Resources
AR
+$7.36M
2
FORL
Four Leaf Acquisition Corp
FORL
+$2.76M
3
NNAG
99 Acquisition Group Inc
NNAG
+$2.35M
4
ARYD
ARYA Sciences Acquisition Corp IV Class A Odinary Shares
ARYD
+$2.34M
5
BUJA
Bukit Jalil Global Acquisition 1
BUJA
+$2.05M

Top Sells

Rank Stock Value
1
SIX
Six Flags Entertainment Corp.
SIX
+$16.4M
2
KBR icon
KBR
KBR
+$8.73M
3
ODP
ODP
ODP
+$7.64M
4
FRLA
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
+$5.53M
5
NATL icon
NCR Atleos
NATL
+$5.42M

Sector Composition

Rank Sector Weight
1 Financials 36.82%
2 Consumer Discretionary 12.04%
3 Technology 4.53%
4 Energy 3.86%
5 Industrials 3.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TGAA
51
DELISTED
Target Global Acquisition I Corp. Class A Ordinary Share
TGAA
$988K 0.52%
+87,800
New +$994K
KVAC icon
52
Keen Vision Acquisition Corp
KVAC
$68.8M
$968K 0.51%
91,350
-18,305
-17% -$193K
RFAC
53
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
$900K 0.47%
81,413
+6,418
+9% +$70.4K
USAR
54
USA Rare Earth Inc
USAR
$3.44B
$851K 0.45%
80,322
-3,218
-4% -$33.9K
VSAT icon
55
CALL
Viasat
VSAT
$10.2B
$796K 0.42%
62,700
-6,300
-9% -$100K
LEGT
56
DELISTED
Legato Merger Corp III
LEGT
$780K 0.41%
77,168
-27,774
-26% -$281K
SPKL
57
Spark I Acquisition Corp
SPKL
$101M
$776K 0.41%
75,000
-25,000
-25% -$258K
BKHA
58
Black Hawk Acquisition Corp
BKHA
$50.3M
$761K 0.4%
+75,000
New +$760K
KDK
59
Kodiak AI
KDK
$794M
$744K 0.39%
69,682
-1,675
-2% -$17.8K
JVSA
60
DELISTED
JV SPAC Acquisition Corp
JVSA
$711K 0.37%
70,000
– –
DEVS
61
DELISTED
DevvStream Corp
DEVS
$634K 0.33%
+5,684
New +$630K
ESHA
62
DELISTED
ESH Acquisition Corp
ESHA
$622K 0.33%
59,588
+48,410
+433% +$503K
INTE
63
DELISTED
Integral Acquisition Corporation 1 Class A Common Stock
INTE
$605K 0.32%
+55,000
New +$600K
CHEB.U
64
DELISTED
Chenghe Acquisition II Co. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
CHEB.U
$600K 0.32%
+59,896
New +$600K
ALCY
65
DELISTED
Alchemy Investments Acquisition Corp 1
ALCY
$577K 0.3%
53,742
-1,406
-3% -$15K
IXAQ
66
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$573K 0.3%
50,238
-25,320
-34% -$287K
AMCI
67
AMC Robotics
AMCI
$108M
$551K 0.29%
50,000
-169,633
-77% -$1.87M
PFTA
68
DELISTED
Perception Capital Corp. III Class A Ordinary Share
PFTA
$539K 0.28%
50,000
-128,915
-72% -$1.39M
NETD
69
DELISTED
Nabors Energy Transition Corp II
NETD
$531K 0.28%
50,400
-12,233
-20% -$129K
MAQC
70
DELISTED
Maquia Capital Acquisition Corporation Class A Common Stock
MAQC
$524K 0.28%
47,272
– –
BAYA
71
DELISTED
Bayview Acquisition Corp
BAYA
$512K 0.27%
50,000
– –
UCFI
72
CN Healthy Food Tech Group
UCFI
$503K 0.26%
50,000
– –
CCIX
73
Churchill Capital Corp IX
CCIX
$399M
$501K 0.26%
+50,000
New +$502K
ALFUU
74
Centurion Acquisition Corp Unit
ALFUU
$314M
$500K 0.26%
+50,000
New +$500K
SKGR
75
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$489K 0.26%
43,961
– –
1 2
3
4 5

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WHP
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Fir Tree Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Fir Tree Capital Management held 134 positions worth $190M, down 54% from $414M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Fir Tree Capital Management withdrew a net $221M in Q2 2024, closing 46 positions and reducing 34 holdings. Its most notable exit was Six Flags Entertainment Corp., an estimated $16.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 37% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Fir Tree Capital Management opened a new position in Antero Resources worth $7.34M.

  • Fir Tree Capital Management's largest Q2 2024 buy was Antero Resources: 225,000 shares worth $7.34M.
  • Fir Tree Capital Management added most to Four Leaf Acquisition Corp in Q2 2024, an estimated $2.76M increase.
  • Fir Tree Capital Management's biggest Q2 2024 reduction was Advance Auto Parts, cutting an estimated $3.58M.
  • Fir Tree Capital Management fully exited Six Flags Entertainment Corp. in Q2 2024, selling an estimated $16.4M.
  • Fir Tree Capital Management's ten largest holdings make up 52% of its $190M portfolio in Q2 2024.
  • Fir Tree Capital Management opened 22 new positions and closed 46 in Q2 2024.
  • Fir Tree Capital Management's portfolio value fell 54% quarter-over-quarter to $190M.

Based on Fir Tree Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.