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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
-2.27%
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
$1.86B
AUM Growth
-$384M
Cap. Flow
-$273M
Cap. Flow %
-14.67%
Top 10 Hldgs %
62.81%
Holding
87
New
18
Increased
5
Reduced
16
Closed
15

Top Buys

Rank Stock Value
1
C icon
Citigroup
C
+$148M
2
NXPI icon
NXP Semiconductors
NXPI
+$72.7M
3
GE icon
GE Aerospace
GE
+$51.1M
4
GS icon
Goldman Sachs
GS
+$35M
5
CHAP
Chaparral Energy, Inc.
CHAP
+$27M

Top Sells

Rank Stock Value
1
AET
Aetna Inc
AET
+$190M
2
SM icon
SM Energy
SM
+$112M
3
MGM icon
MGM Resorts International
MGM
+$84M
4
PX
Praxair Inc
PX
+$62.9M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$59.7M

Sector Composition

Rank Sector Weight
1 Technology 27.83%
2 Financials 16.16%
3 Utilities 12.19%
4 Energy 11.52%
5 Consumer Discretionary 10.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SIRI icon
76
SiriusXM
SIRI
$10.7B
– –
-600,000
Closed -$40.6M
SIRI icon
77
PUT
SiriusXM
SIRI
$10.7B
– –
-600,000
Closed -$40.6M
GSAH.U
78
DELISTED
GS Acquisition Holdings Corp. Units, each consisting of one share of Class A common stock and one-th
GSAH.U
– –
-1,700,000
Closed -$17.4M
NFC.U
79
DELISTED
New Frontier Corporation Units, each consisting of one Class A Ordinary Share and one half of one Wa
NFC.U
– –
-1,000,000
Closed -$10.1M
DFBHU
80
DELISTED
DFB Healthcare Acquisitions Corp. Unit
DFBHU
– –
-500,000
Closed -$5.09M
GTYHW
81
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
– –
-633,333
Closed -$792K
KANG
82
DELISTED
iKang Healthcare Group, Inc.
KANG
– –
-2,282,395
Closed -$46.7M
MOSC.U
83
DELISTED
Mosaic Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-third o
MOSC.U
– –
-1,800,000
Closed -$18M
AET
84
DELISTED
Aetna Inc
AET
– –
-1,036,535
Closed -$190M
GST
85
DELISTED
Gastar Exploration Inc.
GST
– –
-21,005,154
Closed -$11.8M
TPGE.WS
86
DELISTED
TPG Pace Energy Holdings Corp.
TPGE.WS
– –
-1,466,666
Closed -$4.03M
WSCWW
87
DELISTED
WillScot Corporation Warrant
WSCWW
– –
-313,390
Closed -$708K
1 2 3
4

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PC
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WHP
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ADIM
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Fir Tree Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Fir Tree Capital Management held 87 positions worth $1.86B, down 17% from $2.24B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Fir Tree Capital Management withdrew a net $273M in Q3 2018, closing 15 positions and reducing 16 holdings. Its most notable exit was Aetna Inc, an estimated $190M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 22% a quarter earlier, followed by Financials and Utilities.

Against the trend, Fir Tree Capital Management opened a new position in Citigroup worth $150M.

  • Fir Tree Capital Management's largest Q3 2018 buy was Citigroup: 2,095,155 shares worth $150M.
  • Fir Tree Capital Management added most to NXP Semiconductors in Q3 2018, an estimated $72.7M increase.
  • Fir Tree Capital Management's biggest Q3 2018 reduction was SM Energy, cutting an estimated $112M.
  • Fir Tree Capital Management fully exited Aetna Inc in Q3 2018, selling an estimated $190M.
  • Fir Tree Capital Management's ten largest holdings make up 63% of its $1.86B portfolio in Q3 2018.
  • Fir Tree Capital Management opened 18 new positions and closed 15 in Q3 2018.
  • Fir Tree Capital Management's portfolio value fell 17% quarter-over-quarter to $1.86B.

Based on Fir Tree Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.