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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
-0.93%
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
$1.03B
AUM Growth
+$26.6M
Cap. Flow
+$102M
Cap. Flow %
9.98%
Top 10 Hldgs %
61.8%
Holding
79
New
20
Increased
4
Reduced
17
Closed
16

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$139M
2
CTXS
Citrix Systems Inc
CTXS
+$59M
3
AGN
Allergan plc
AGN
+$46.9M
4
RTN
Raytheon Company
RTN
+$46.7M
5
AMPY icon
Amplify Energy
AMPY
+$35.2M

Top Sells

Rank Stock Value
1
C icon
Citigroup
C
+$95.3M
2
STAY
Extended Stay America, Inc. Paired Share Unit
STAY
+$49M
3
CNC icon
Centene
CNC
+$26.6M
4
ACEL icon
Accel Entertainment
ACEL
+$21M
5
ACHC icon
Acadia Healthcare
ACHC
+$20.8M

Sector Composition

Rank Sector Weight
1 Technology 18.09%
2 Healthcare 15.12%
3 Utilities 13.07%
4 Consumer Discretionary 12.2%
5 Industrials 9.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UPL
76
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
– –
-36,379,590
Closed -$6.55M
CIC.WS
77
DELISTED
Capitol Investment Corp. IV
CIC.WS
– –
-367,433
Closed -$511K
HK
78
DELISTED
Halcon Resources Corporation
HK
– –
-8,390,167
Closed -$1.48M
1 2 3
4

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AVM
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PC
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WHP
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ADIM
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CAWM
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AI
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Fir Tree Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Fir Tree Capital Management held 79 positions worth $1.03B, up 2.7% from $999M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Fir Tree Capital Management deployed $102M of net new capital in Q3 2019, opening 20 new positions and adding to 4 existing holdings. Its largest new stake was Altaba Inc: 2,107,595 shares worth $41.1M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 9.5% a quarter earlier, followed by Healthcare and Utilities.

On the sell side, the largest reduction was Centene, an estimated $26.6M trimmed.

  • Fir Tree Capital Management's largest Q3 2019 buy was Altaba Inc: 2,107,595 shares worth $41.1M.
  • Fir Tree Capital Management added most to Allergan plc in Q3 2019, an estimated $46.9M increase.
  • Fir Tree Capital Management's biggest Q3 2019 reduction was Centene, cutting an estimated $26.6M.
  • Fir Tree Capital Management fully exited Citigroup in Q3 2019, selling an estimated $95.3M.
  • Fir Tree Capital Management's ten largest holdings make up 62% of its $1.03B portfolio in Q3 2019.
  • Fir Tree Capital Management opened 20 new positions and closed 16 in Q3 2019.
  • Fir Tree Capital Management's portfolio value rose 2.7% quarter-over-quarter to $1.03B.

Based on Fir Tree Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.