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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
-4.15%
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
$2.42B
AUM Growth
-$1.29B
Cap. Flow
-$1.06B
Cap. Flow %
-43.79%
Top 10 Hldgs %
64.41%
Holding
81
New
9
Increased
4
Reduced
16
Closed
12

Top Buys

Rank Stock Value
1
FE icon
FirstEnergy
FE
+$215M
2
AET
Aetna Inc
AET
+$132M
3
PCG icon
PG&E
PCG
+$77.1M
4
MGM icon
MGM Resorts International
MGM
+$20.4M
5
RWGE
Regalwood Global Energy Ltd. Class A Ordinary Shares
RWGE
+$14.5M

Top Sells

Rank Stock Value
1
NXPI icon
NXP Semiconductors
NXPI
+$222M
2
EXPE icon
Expedia Group
EXPE
+$118M
3
MFGP
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
+$102M
4
SRUN
Silver Run Acquisition Corporation II Class A
SRUN
+$96.2M
5
AABA
Altaba Inc
AABA
+$87.8M

Sector Composition

Rank Sector Weight
1 Financials 16.77%
2 Consumer Discretionary 15.91%
3 Energy 15.51%
4 Utilities 12.71%
5 Technology 11.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MFGP
76
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
– –
-2,499,955
Closed -$102M
CPN
77
DELISTED
Calpine Corporation
CPN
– –
-3,908,871
Closed -$59.1M
NEXTW
78
DELISTED
NextDecade Corporation Warrant
NEXTW
– –
-344,711
Closed -$207K
SRUNW
79
DELISTED
Silver Run Acquisition Corporation II
SRUNW
– –
-572,899
Closed -$848K
SRUN
80
DELISTED
Silver Run Acquisition Corporation II Class A
SRUN
– –
-9,706,310
Closed -$96.2M
BOBE
81
DELISTED
Bob Evans Farms, Inc.
BOBE
– –
-840,243
Closed -$66.2M
1 2 3
4

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PC
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WHP
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Fir Tree Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Fir Tree Capital Management held 81 positions worth $2.42B, down 35% from $3.71B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Fir Tree Capital Management withdrew a net $1.06B in Q1 2018, closing 12 positions and reducing 16 holdings. Its most notable exit was Expedia Group, an estimated $118M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Fir Tree Capital Management opened a new position in FirstEnergy worth $228M.

  • Fir Tree Capital Management's largest Q1 2018 buy was FirstEnergy: 6,699,056 shares worth $228M.
  • Fir Tree Capital Management added most to Aetna Inc in Q1 2018, an estimated $132M increase.
  • Fir Tree Capital Management's biggest Q1 2018 reduction was NXP Semiconductors, cutting an estimated $222M.
  • Fir Tree Capital Management fully exited Expedia Group in Q1 2018, selling an estimated $118M.
  • Fir Tree Capital Management's ten largest holdings make up 64% of its $2.42B portfolio in Q1 2018.
  • Fir Tree Capital Management opened 9 new positions and closed 12 in Q1 2018.
  • Fir Tree Capital Management's portfolio value fell 35% quarter-over-quarter to $2.42B.

Based on Fir Tree Capital Management's 13F filing for Q1 2018, filed 15 May 2018.