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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
+3.73%
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
$9.59B
AUM Growth
+$680M
Cap. Flow
+$643M
Cap. Flow %
6.71%
Top 10 Hldgs %
40.57%
Holding
100
New
11
Increased
13
Reduced
14
Closed
13

Top Buys

Rank Stock Value
1
CDK
CDK Global, Inc.
CDK
+$501M
2
WMB icon
Williams Companies
WMB
+$405M
3
AGN
Allergan plc
AGN
+$273M
4
AGN
Allergan Inc
AGN
+$241M
5
CAR icon
Avis
CAR
+$238M

Top Sells

Rank Stock Value
1
BP icon
BP
BP
+$318M
2
NE
Noble Corporation
NE
+$274M
3
APC
Anadarko Petroleum
APC
+$190M
4
ROC
ROCKWOOD HLDGS INC
ROC
+$188M
5
FCE.A
Forest City Realty Trust, Inc.
FCE.A
+$108M

Sector Composition

Rank Sector Weight
1 Healthcare 16.03%
2 Energy 14.15%
3 Industrials 12.97%
4 Real Estate 12.74%
5 Technology 11.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BP icon
76
BP
BP
$107B
– –
-8,832,512
Closed -$318M
VLO icon
77
Valero Energy
VLO
$88.7B
– –
-2,298,000
Closed -$106M
VER
78
DELISTED
VEREIT, Inc.
VER
– –
-4,800
Closed -$289K
APC
79
CALL
DELISTED
Anadarko Petroleum
APC
– –
-2,000,000
Closed -$203M
JASNW
80
DELISTED
Jason Industries, Inc.
JASNW
– –
-370,100
Closed -$607K
VDTH
81
DELISTED
Videocon d2h Limited
VDTH
– –
-2,650,000
Closed -$26.3M
ROC
82
DELISTED
ROCKWOOD HLDGS INC
ROC
– –
-2,453,372
Closed -$188M
BKW
83
DELISTED
BURGER KING WORLDWIDE
BKW
– –
-1,506,958
Closed -$44.7M
1 2 3
4

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WHP
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Fir Tree Capital Management's Q4 2014 Portfolio in Review

As of Q4 2014, Fir Tree Capital Management held 100 positions worth $9.59B, up 7.6% from $8.91B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fir Tree Capital Management deployed $643M of net new capital in Q4 2014, opening 11 new positions and adding to 13 existing holdings. Its largest new stake was CDK Global, Inc.: 14,150,000 shares worth $577M.

By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 10% a quarter earlier, followed by Energy and Industrials.

On the sell side, the largest reduction was Noble Corporation, an estimated $274M trimmed.

  • Fir Tree Capital Management's largest Q4 2014 buy was CDK Global, Inc.: 14,150,000 shares worth $577M.
  • Fir Tree Capital Management added most to Williams Companies in Q4 2014, an estimated $405M increase.
  • Fir Tree Capital Management's biggest Q4 2014 reduction was Noble Corporation, cutting an estimated $274M.
  • Fir Tree Capital Management fully exited BP in Q4 2014, selling an estimated $318M.
  • Fir Tree Capital Management's ten largest holdings make up 41% of its $9.59B portfolio in Q4 2014.
  • Fir Tree Capital Management opened 11 new positions and closed 13 in Q4 2014.
  • Fir Tree Capital Management's portfolio value rose 7.6% quarter-over-quarter to $9.59B.

Based on Fir Tree Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.