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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
+2.97%
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
$3.71B
AUM Growth
+$203M
Cap. Flow
+$116M
Cap. Flow %
3.11%
Top 10 Hldgs %
55.58%
Holding
89
New
14
Increased
9
Reduced
10
Closed
17

Top Buys

Rank Stock Value
1
PX
Praxair Inc
PX
+$187M
2
MGM icon
MGM Resorts International
MGM
+$69.8M
3
BOBE
Bob Evans Farms, Inc.
BOBE
+$65.2M
4
CPN
Calpine Corporation
CPN
+$58.6M
5
AET
Aetna Inc
AET
+$58.4M

Top Sells

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$75.6M
2
HRI icon
Herc Holdings
HRI
+$58M
3
EFX icon
Equifax
EFX
+$51M
4
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
+$40M
5
WSC icon
WillScot Mobile Mini Holdings
WSC
+$35.1M

Sector Composition

Rank Sector Weight
1 Technology 19.27%
2 Consumer Discretionary 18.77%
3 Financials 14.67%
4 Energy 11.7%
5 Communication Services 6.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRVG
76
trivago
TRVG
$387M
– –
-141,936
Closed -$7.7M
WSC icon
77
WillScot Mobile Mini Holdings
WSC
$4.66B
– –
-3,479,000
Closed -$35.1M
SC
78
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
– –
-2,600,400
Closed -$40M
FG
79
DELISTED
FGL Holdings Ordinary Shares
FG
– –
-1,646,258
Closed -$18.4M
CIC.U
80
DELISTED
Capitol Investment Corp. IV
CIC.U
– –
-1,800,000
Closed -$18.2M
NXEOW
81
DELISTED
Nexeo Solutions, Inc. Warrant
NXEOW
– –
-11,375
Closed -$5K
SMPLW
82
DELISTED
The Simply Good Foods Company Warrant
SMPLW
– –
-249,700
Closed -$593K
ELEC
83
DELISTED
Electrum Special Acquisition Corporation
ELEC
– –
-1,100,000
Closed -$11.3M
GPACW
84
DELISTED
Global Partner Acquisition Corp
GPACW
– –
-411,716
Closed -$325K
BLVDW
85
DELISTED
Boulevard Acquisition Corp. II Warrant
BLVDW
– –
-648,300
Closed -$577K
CFCOW
86
DELISTED
CF Corporation
CFCOW
– –
-2,762,212
Closed -$5.83M
EAGLW
87
DELISTED
Double Eagle Acquisition Corp. Warrant
EAGLW
– –
-885,000
Closed -$611K
SGY
88
DELISTED
Stone Energy
SGY
– –
-550,901
Closed -$16M
BLVD
89
DELISTED
Boulevard Acquisition Corp. II Class A Common Stock
BLVD
– –
-2,200,000
Closed -$22M
1 2 3
4

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Fir Tree Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Fir Tree Capital Management held 89 positions worth $3.71B, up 5.8% from $3.51B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Fir Tree Capital Management deployed $116M of net new capital in Q4 2017, opening 14 new positions and adding to 9 existing holdings. Its largest new stake was Praxair Inc: 1,262,697 shares worth $195M.

By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was Altaba Inc, an estimated $75.6M trimmed.

  • Fir Tree Capital Management's largest Q4 2017 buy was Praxair Inc: 1,262,697 shares worth $195M.
  • Fir Tree Capital Management added most to MGM Resorts International in Q4 2017, an estimated $69.8M increase.
  • Fir Tree Capital Management's biggest Q4 2017 reduction was Altaba Inc, cutting an estimated $75.6M.
  • Fir Tree Capital Management fully exited Herc Holdings in Q4 2017, selling an estimated $58M.
  • Fir Tree Capital Management's ten largest holdings make up 56% of its $3.71B portfolio in Q4 2017.
  • Fir Tree Capital Management opened 14 new positions and closed 17 in Q4 2017.
  • Fir Tree Capital Management's portfolio value rose 5.8% quarter-over-quarter to $3.71B.

Based on Fir Tree Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.