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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
-17.16%
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
$1.42B
AUM Growth
-$434M
Cap. Flow
-$196M
Cap. Flow %
-13.76%
Top 10 Hldgs %
65.04%
Holding
87
New
14
Increased
4
Reduced
8
Closed
24

Top Buys

Rank Stock Value
1
ROAN
Roan Resources, Inc.
ROAN
+$159M
2
MHK icon
Mohawk Industries
MHK
+$140M
3
EA icon
Electronic Arts
EA
+$66M
4
SHPG
Shire pic
SHPG
+$31.4M
5
GS icon
Goldman Sachs
GS
+$14.6M

Top Sells

Rank Stock Value
1
C icon
Citigroup
C
+$150M
2
NXPI icon
NXP Semiconductors
NXPI
+$115M
3
LKQ icon
LKQ Corp
LKQ
+$49.6M
4
GE icon
GE Aerospace
GE
+$44.8M
5
FE icon
FirstEnergy
FE
+$35.1M

Sector Composition

Rank Sector Weight
1 Technology 21.46%
2 Consumer Discretionary 16.04%
3 Energy 14.65%
4 Utilities 13.63%
5 Financials 11.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CCC.U
76
DELISTED
Churchill Capital Corp
CCC.U
– –
-1,200,000
Closed -$12.2M
GTYH
77
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
– –
-1,900,059
Closed -$19.3M
JONE
78
DELISTED
Jones Energy, Inc.
JONE
– –
-283,862
Closed -$1.7M
LCAHW
79
DELISTED
Landcadia Holdings, Inc. Warrant
LCAHW
– –
-265,500
Closed -$316K
MPACW
80
DELISTED
Matlin & Partners Acquisition Corporation
MPACW
– –
-1,690,700
Closed -$1.27M
KAACW
81
DELISTED
Kayne Anderson Acquisition Corp.
KAACW
– –
-783,533
Closed -$1.09M
PX
82
DELISTED
Praxair Inc
PX
– –
-205,990
Closed -$33.1M
HCAC.WS
83
DELISTED
Hennessy Capital Acquisition Corp. III
HCAC.WS
– –
-709,529
Closed -$1.06M
GSHTW
84
DELISTED
Gores Holdings II, Inc. Warrants
GSHTW
– –
-615,953
Closed -$1.32M
AHPAW
85
DELISTED
Avista Healthcare Public Acquisition Corp. Warrants
AHPAW
– –
-1,800,000
Closed -$360K
1 2 3
4

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Fir Tree Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Fir Tree Capital Management held 87 positions worth $1.42B, down 23% from $1.86B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Fir Tree Capital Management withdrew a net $196M in Q4 2018, closing 24 positions and reducing 8 holdings. Its most notable exit was Citigroup, an estimated $150M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Fir Tree Capital Management opened a new position in Roan Resources, Inc. worth $123M.

  • Fir Tree Capital Management's largest Q4 2018 buy was Roan Resources, Inc.: 14,712,070 shares worth $123M.
  • Fir Tree Capital Management added most to Shire pic in Q4 2018, an estimated $31.4M increase.
  • Fir Tree Capital Management's biggest Q4 2018 reduction was NXP Semiconductors, cutting an estimated $115M.
  • Fir Tree Capital Management fully exited Citigroup in Q4 2018, selling an estimated $150M.
  • Fir Tree Capital Management's ten largest holdings make up 65% of its $1.42B portfolio in Q4 2018.
  • Fir Tree Capital Management opened 14 new positions and closed 24 in Q4 2018.
  • Fir Tree Capital Management's portfolio value fell 23% quarter-over-quarter to $1.42B.

Based on Fir Tree Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.