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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
+5.3%
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
$7.32B
AUM Growth
+$81.4M
Cap. Flow
+$128M
Cap. Flow %
1.75%
Top 10 Hldgs %
48.87%
Holding
118
New
52
Increased
18
Reduced
17
Closed
13

Top Buys

Rank Stock Value
1
CCI icon
Crown Castle
CCI
+$257M
2
EQIX icon
Equinix
EQIX
+$163M
3
ESRX
Express Scripts Holding Company
ESRX
+$156M
4
EQT icon
EQT Corp
EQT
+$124M
5
EXXI
ENERGY XXI LTD COM SHS
EXXI
+$103M

Top Sells

Rank Stock Value
1
MSI icon
Motorola Solutions
MSI
+$169M
2
QCOM icon
Qualcomm
QCOM
+$157M
3
WMB icon
Williams Companies
WMB
+$127M
4
CTSH icon
Cognizant
CTSH
+$123M
5
YHOO
Yahoo Inc
YHOO
+$60.6M

Sector Composition

Rank Sector Weight
1 Real Estate 20.28%
2 Financials 13.78%
3 Energy 10.93%
4 Technology 10.45%
5 Healthcare 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NMO
76
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
$4.39M 0.06%
+357,804
New +$4.32M
AQU
77
DELISTED
AQUASITION CORP COM STK
AQU
$4.01M 0.05%
400,000
– –
NPM
78
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
$3.53M 0.05%
+270,597
New +$3.43M
VKI icon
79
Invesco Advantage Municipal Income Trust II
VKI
$398M
$3.19M 0.04%
+297,951
New +$3.16M
VCV icon
80
Invesco California Value Municipal Income Trust
VCV
$520M
$3.02M 0.04%
+268,933
New +$2.98M
IQI icon
81
Invesco Quality Municipal Securities
IQI
$527M
$2.54M 0.03%
+219,557
New +$2.49M
NRK icon
82
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$904M
$2.53M 0.03%
+206,665
New +$2.54M
ADT
83
CALL
DELISTED
ADT Corp
ADT
$2.48M 0.03%
61,000
-8,000
-12% -$329K
NQI
84
DELISTED
NUVEEN QUALITY MUNICIPAL FUND INC
NQI
$2.27M 0.03%
+184,398
New +$2.23M
IIM icon
85
Invesco Value Municipal Income Trust
IIM
$590M
$2.19M 0.03%
+161,478
New +$2.18M
PMM
86
Franklin Managed Municipal Income Trust
PMM
$271M
$2.16M 0.03%
+315,995
New +$2.14M
PMO
87
Franklin Municipal Opportunities Trust
PMO
$282M
$2.08M 0.03%
+190,518
New +$2.06M
NIO
88
DELISTED
NUVEEN MUNICIPAL OPPORTUNITY FUND INC
NIO
$2.02M 0.03%
+155,705
New +$2.03M
NQM
89
DELISTED
NUVEEN INVESTMENT QLTY MUNI FD
NQM
$1.99M 0.03%
+144,207
New +$1.94M
NPI
90
DELISTED
NUVEEN PREMIUN INC MUN FUND
NPI
$1.98M 0.03%
+154,896
New +$1.93M
NPT
91
DELISTED
NUVEEN PREM INSD MUNI FD-4 INC
NPT
$1.81M 0.02%
+152,354
New +$1.79M
MFL
92
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$1.68M 0.02%
+128,064
New +$1.64M
MCA
93
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
$1.61M 0.02%
+116,066
New +$1.58M
NQU
94
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
$1.56M 0.02%
+123,889
New +$1.56M
MUC icon
95
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$943K 0.01%
+69,300
New +$925K
NAD icon
96
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$736K 0.01%
+56,497
New +$726K
JTPY
97
DELISTED
JetPay Corporation
JTPY
$397K 0.01%
114,638
– –
MUA icon
98
BlackRock MuniAssets Fund
MUA
$518M
$214K ﹤0.01%
+17,972
New +$214K
EQIX icon
99
CALL
Equinix
EQIX
$102B
– –
-1,017,400
Closed -$188M
GLD icon
100
CALL
SPDR Gold Trust
GLD
$131B
– –
-1,475,000
Closed -$176M
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 Q3 2013 Portfolio in Review

As of Q3 2013, Fir Tree Capital Management held 118 positions worth $7.32B, up 1.1% from $7.24B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Fir Tree Capital Management's Q3 2013 filing shows 52 new, 18 increased, 17 reduced and 13 closed positions. Its largest new stake was Crown Castle: 3,599,484 shares worth $263M. The largest sale was Motorola Solutions, an estimated $169M.

By sector, the portfolio is most concentrated in Real Estate at 20% of assets, up from 12% a quarter earlier, followed by Financials and Energy.

  • Fir Tree Capital Management's largest Q3 2013 buy was Crown Castle: 3,599,484 shares worth $263M.
  • Fir Tree Capital Management added most to Equinix in Q3 2013, an estimated $163M increase.
  • Fir Tree Capital Management's biggest Q3 2013 reduction was Motorola Solutions, cutting an estimated $169M.
  • Fir Tree Capital Management fully exited Global Payments in Q3 2013, selling an estimated $17.5M.
  • Fir Tree Capital Management's ten largest holdings make up 49% of its $7.32B portfolio in Q3 2013.
  • Fir Tree Capital Management opened 52 new positions and closed 13 in Q3 2013.
  • Fir Tree Capital Management's portfolio value rose 1.1% quarter-over-quarter to $7.32B.

Based on Fir Tree Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.