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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
+0.89%
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
$3.32B
AUM Growth
+$795M
Cap. Flow
+$831M
Cap. Flow %
24.99%
Top 10 Hldgs %
57.79%
Holding
91
New
27
Increased
14
Reduced
11
Closed
15

Top Buys

Rank Stock Value
1
UPL
Ultra Petroleum Corp. Common Stock
UPL
+$343M
2
MON
Monsanto Co
MON
+$150M
3
ORCL icon
Oracle
ORCL
+$131M
4
AABA
Altaba Inc
AABA
+$128M
5
PNRA
Panera Bread Co
PNRA
+$113M

Top Sells

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$137M
2
RAI
Reynolds American Inc
RAI
+$121M
3
HPE icon
Hewlett Packard
HPE
+$114M
4
CDK
CDK Global, Inc.
CDK
+$98.2M
5
PVTB
PrivateBancorp Inc
PVTB
+$84.6M

Sector Composition

Rank Sector Weight
1 Technology 21.41%
2 Financials 15.52%
3 Consumer Discretionary 12.94%
4 Energy 11.45%
5 Communication Services 8.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AXARW
76
DELISTED
Axar Acquisition Corp. Warrants
AXARW
$63K ﹤0.01%
793,424
– –
CIVI
77
DELISTED
Civitas Resources
CIVI
– –
-76,948
Closed -$9.96M
HPE icon
78
Hewlett Packard
HPE
$60.4B
– –
-8,287,924
Closed -$114M
HYG icon
79
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
– –
-820,000
Closed -$72M
IWM icon
80
PUT
iShares Russell 2000 ETF
IWM
$80.4B
– –
-1,000,000
Closed -$137M
OMF icon
81
OneMain Financial
OMF
$7.19B
– –
-500,000
Closed -$12.4M
TWNKW
82
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
– –
-196,874
Closed -$555K
KAACU
83
DELISTED
Kayne Anderson Acquisition Corp. Unit
KAACU
– –
-2,500,000
Closed -$25.1M
SRUNU
84
DELISTED
Silver Run Acquisition Corporation II Units
SRUNU
– –
-3,500,000
Closed -$36.5M
RAI
85
DELISTED
Reynolds American Inc
RAI
– –
-1,920,955
Closed -$121M
PLYAW
86
DELISTED
Playa Hotels & Resorts N.V. Warrants
PLYAW
– –
-1,806,787
Closed -$1.38M
CLACW
87
DELISTED
Capitol Acquisition Corp. III Warrants
CLACW
– –
-151,049
Closed -$287K
CLAC
88
DELISTED
Capitol Acquisition Corp. III
CLAC
– –
-286,595
Closed -$3.02M
PVTB
89
DELISTED
PrivateBancorp Inc
PVTB
– –
-1,425,000
Closed -$84.6M
YHOO
90
DELISTED
Yahoo Inc
YHOO
– –
-2,942,388
Closed -$137M
MPACU
91
DELISTED
Matlin & Partners Acquisition Corporation Units
MPACU
– –
-1,900,000
Closed -$19M
1 2 3
4

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Fir Tree Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, Fir Tree Capital Management held 91 positions worth $3.32B, up 31% from $2.53B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Fir Tree Capital Management deployed $831M of net new capital in Q2 2017, opening 27 new positions and adding to 14 existing holdings. Its largest new stake was Ultra Petroleum Corp. Common Stock: 30,360,930 shares worth $329M.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was CDK Global, Inc., an estimated $98.2M trimmed.

  • Fir Tree Capital Management's largest Q2 2017 buy was Ultra Petroleum Corp. Common Stock: 30,360,930 shares worth $329M.
  • Fir Tree Capital Management added most to NXP Semiconductors in Q2 2017, an estimated $50M increase.
  • Fir Tree Capital Management's biggest Q2 2017 reduction was CDK Global, Inc., cutting an estimated $98.2M.
  • Fir Tree Capital Management fully exited Yahoo Inc in Q2 2017, selling an estimated $137M.
  • Fir Tree Capital Management's ten largest holdings make up 58% of its $3.32B portfolio in Q2 2017.
  • Fir Tree Capital Management opened 27 new positions and closed 15 in Q2 2017.
  • Fir Tree Capital Management's portfolio value rose 31% quarter-over-quarter to $3.32B.

Based on Fir Tree Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.