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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
+1.74%
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
$8.93B
AUM Growth
+$133M
(+1.5%)
Cap. Flow
+$857M
Cap. Flow
% of AUM
9.6%
Top 10 Holdings %
Top 10 Hldgs %
42.84%
Holding
100
New
11
Increased
20
Reduced
14
Closed
26
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
APC
Anadarko Petroleum
APC
|
+$262M |
| 2 |
Air Products & Chemicals
APD
|
+$232M |
| 3 |
Herc Holdings
HRI
|
+$230M |
| 4 |
GPOR
Gulfport Energy Corp.
GPOR
|
+$173M |
| 5 |
MON
Monsanto Co
MON
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$167M |
| 2 |
Equinix
EQIX
|
+$101M |
| 3 |
AET
Aetna Inc
AET
|
+$98.7M |
| 4 |
HOUS
Anywhere Real Estate
HOUS
|
+$91.9M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$88.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 22.17% |
| 2 | Real Estate | 19.76% |
| 3 | Financials | 17.83% |
| 4 | Miscellaneous | 10.3% |
| 5 | Technology | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Owens Corning
OC
$10.2B
| – | – |
-294,449
| Closed | -$12M |
|
77
CALL
Qualcomm
QCOM
$192B
| – | – |
-2,000,000
| Closed | -$149M |
|
|
SAFE
78
Safehold
SAFE
$981M
| – | – |
-52,346
| Closed | -$3.64M |
|
79
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$803B
| – | – |
-321,500
| Closed | -$594M |
|
80
Stanley Black & Decker
SWK
$13.4B
| – | – |
-128,894
| Closed | -$10.4M |
|
81
Whirlpool
WHR
$2.22B
| – | – |
-82,029
| Closed | -$12.9M |
|
|
AVH
82
DELISTED
AVIANCA HOLDINGS S.A.
AVH
| – | – |
-1,000,000
| Closed | -$15.4M |
|
|
USG
83
DELISTED
Usg
USG
| – | – |
-439,399
| Closed | -$12.5M |
|
|
YHOO
84
CALL
DELISTED
Yahoo Inc
YHOO
| – | – |
-7,000,000
| Closed | -$283M |
|
|
ADT
85
CALL
DELISTED
ADT Corp
ADT
| – | – |
-35,600
| Closed | -$1.44M |
|
|
GMCR
86
DELISTED
KEURIG GREEN MTN INC
GMCR
| – | – |
-2,216,400
| Closed | -$167M |
|
|
GMCR
87
PUT
DELISTED
KEURIG GREEN MTN INC
GMCR
| – | – |
-805,000
| Closed | -$60.8M |
|
|
JTPY
88
DELISTED
JetPay Corporation
JTPY
| – | – |
-114,638
| Closed | -$236K |
|
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Fir Tree Capital Management's Q1 2014 Portfolio in Review
As of Q1 2014, Fir Tree Capital Management held 100 positions worth $8.93B, up 1.5% from $8.79B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Fir Tree Capital Management deployed $857M of net new capital in Q1 2014, opening 11 new positions and adding to 20 existing holdings. Its largest new stake was Anadarko Petroleum: 3,192,000 shares worth $271M.
By sector, the portfolio is most concentrated in Energy at 22% of assets, up from 17% a quarter earlier, followed by Real Estate and Financials.
On the sell side, the largest reduction was Equinix, an estimated $101M trimmed.
- Fir Tree Capital Management's largest Q1 2014 buy was Anadarko Petroleum: 3,192,000 shares worth $271M.
- Fir Tree Capital Management added most to Herc Holdings in Q1 2014, an estimated $230M increase.
- Fir Tree Capital Management's biggest Q1 2014 reduction was Equinix, cutting an estimated $101M.
- Fir Tree Capital Management fully exited KEURIG GREEN MTN INC in Q1 2014, selling an estimated $167M.
- Fir Tree Capital Management's ten largest holdings make up 43% of its $8.93B portfolio in Q1 2014.
- Fir Tree Capital Management opened 11 new positions and closed 26 in Q1 2014.
- Fir Tree Capital Management's portfolio value rose 1.5% quarter-over-quarter to $8.93B.
Based on Fir Tree Capital Management's 13F filing for Q1 2014, filed 15 May 2014.