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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
+3.2%
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
$2.24B
AUM Growth
-$178M
Cap. Flow
-$143M
Cap. Flow %
-6.38%
Top 10 Hldgs %
59.4%
Holding
81
New
12
Increased
7
Reduced
9
Closed
12

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$154M
2
NXPI icon
NXP Semiconductors
NXPI
+$117M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$68.9M
4
KANG
iKang Healthcare Group, Inc.
KANG
+$46M
5
SIRI icon
SiriusXM
SIRI
+$40.5M

Top Sells

Rank Stock Value
1
TWX
Time Warner Inc
TWX
+$188M
2
EQIX icon
Equinix
EQIX
+$136M
3
PCG icon
PG&E
PCG
+$79.9M
4
MSFT icon
Microsoft
MSFT
+$54.6M
5
ORCL icon
Oracle
ORCL
+$43.9M

Sector Composition

Rank Sector Weight
1 Technology 21.83%
2 Energy 17.83%
3 Financials 15.49%
4 Consumer Discretionary 13.16%
5 Utilities 9.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ASAP
76
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
– –
-75,000
Closed -$15.1M
FG.WS
77
DELISTED
FGL Holdings Warrants exercisable for one Ordinary Share at a price of $11.50 per share
FG.WS
– –
-2,451,412
Closed -$4.41M
EPE
78
DELISTED
EP Energy Corporation
EPE
– –
-1,189,380
Closed -$1.59M
TWX
79
DELISTED
Time Warner Inc
TWX
– –
-1,983,177
Closed -$188M
ELECW
80
DELISTED
Electrum Special Acquisition Corporation
ELECW
– –
-1,100,000
Closed -$380K
REN
81
DELISTED
Resolute Energy Corporaton
REN
– –
-669,816
Closed -$23.2M
1 2 3
4

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PC
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WHP
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Fir Tree Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Fir Tree Capital Management held 81 positions worth $2.24B, down 7.4% from $2.42B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Fir Tree Capital Management withdrew a net $143M in Q2 2018, closing 12 positions and reducing 9 holdings. Its most notable exit was Time Warner Inc, an estimated $188M position sold in full.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 12% a quarter earlier, followed by Energy and Financials.

Against the trend, Fir Tree Capital Management opened a new position in Altaba Inc worth $151M.

  • Fir Tree Capital Management's largest Q2 2018 buy was Altaba Inc: 2,060,000 shares worth $151M.
  • Fir Tree Capital Management added most to NXP Semiconductors in Q2 2018, an estimated $117M increase.
  • Fir Tree Capital Management's biggest Q2 2018 reduction was Microsoft, cutting an estimated $54.6M.
  • Fir Tree Capital Management fully exited Time Warner Inc in Q2 2018, selling an estimated $188M.
  • Fir Tree Capital Management's ten largest holdings make up 59% of its $2.24B portfolio in Q2 2018.
  • Fir Tree Capital Management opened 12 new positions and closed 12 in Q2 2018.
  • Fir Tree Capital Management's portfolio value fell 7.4% quarter-over-quarter to $2.24B.

Based on Fir Tree Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.