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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
-14.53%
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
$1.14B
AUM Growth
+$122M
Cap. Flow
+$370M
Cap. Flow %
32.6%
Top 10 Hldgs %
61.86%
Holding
98
New
46
Increased
7
Reduced
10
Closed
23

Top Buys

Rank Stock Value
1
DELL icon
Dell
DELL
+$105M
2
CMCSA icon
Comcast
CMCSA
+$88.5M
3
DIS icon
Walt Disney
DIS
+$80.2M
4
EXC icon
Exelon
EXC
+$66.8M
5
CPAY icon
Corpay
CPAY
+$66.6M

Top Sells

Rank Stock Value
1
VER
VEREIT, Inc.
VER
+$82.6M
2
JNJ icon
Johnson & Johnson
JNJ
+$66.8M
3
AGN
Allergan plc
AGN
+$49.7M
4
CTXS
Citrix Systems Inc
CTXS
+$46.6M
5
LHX icon
L3Harris
LHX
+$30.1M

Sector Composition

Rank Sector Weight
1 Technology 24.52%
2 Communication Services 19.47%
3 Financials 10.79%
4 Healthcare 8.34%
5 Industrials 7.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DKNG icon
76
DraftKings
DKNG
$11.5B
– –
-596,516
Closed -$6.38M
HEI icon
77
PUT
HEICO Corp
HEI
$50.4B
– –
-30,400
Closed -$3.47M
HON icon
78
PUT
Honeywell
HON
$77.8B
– –
-26,737
Closed -$4.46M
JNJ icon
79
Johnson & Johnson
JNJ
$613B
– –
-457,876
Closed -$66.8M
LHX icon
80
L3Harris
LHX
$51.5B
– –
-152,000
Closed -$30.1M
ECHO
81
EchoStar
ECHO
$24.6B
– –
-663,050
Closed -$28.7M
TXT icon
82
PUT
Textron
TXT
$14.8B
– –
-91,000
Closed -$4.06M
VRT icon
83
Vertiv
VRT
$101B
– –
-653,000
Closed -$7.2M
VVNT
84
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
– –
-842,291
Closed -$8.65M
PAE
85
DELISTED
PAE Incorporated Class A Common Stock
PAE
– –
-836,828
Closed -$8.65M
ALUS.U
86
DELISTED
Alussa Energy Acquisition Corp
ALUS.U
– –
-300,000
Closed -$3.02M
APXTU
87
DELISTED
Apex Technology Acquisition Corporation Unit
APXTU
– –
-650,000
Closed -$6.81M
CCX.U
88
DELISTED
Churchill Capital Corp II
CCX.U
– –
-235,372
Closed -$2.54M
EXPCU
89
DELISTED
Experience Investment Corp. Unit
EXPCU
– –
-500,000
Closed -$5.07M
NPAUU
90
DELISTED
New Providence Acquisition Corp. Unit
NPAUU
– –
-200,000
Closed -$2.06M
PIC.U
91
DELISTED
Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on
PIC.U
– –
-200,000
Closed -$2.04M
VER
92
DELISTED
VEREIT, Inc.
VER
– –
-1,787,134
Closed -$82.6M
NFINU
93
DELISTED
Netfin Acquisition Corp. Unit
NFINU
– –
-375,000
Closed -$3.84M
I
94
DELISTED
INTELSAT S. A.
I
– –
-265,500
Closed -$1.87M
AGN
95
DELISTED
Allergan plc
AGN
– –
-260,000
Closed -$49.7M
DEACW
96
DELISTED
Diamond Eagle Acquisition Corp. Warrant
DEACW
– –
-136,038
Closed -$326K
GRSHW
97
DELISTED
Gores Holdings III, Inc. Warrants
GRSHW
– –
-278,942
Closed -$432K
GSAH.WS
98
DELISTED
GS Acquisition Holdings Corp Warrants, each whole warrant exercisable for one share of Class A Commo
GSAH.WS
– –
-266,533
Closed -$614K
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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Fir Tree Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Fir Tree Capital Management held 98 positions worth $1.14B, up 12% from $1.01B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Fir Tree Capital Management deployed $370M of net new capital in Q1 2020, opening 46 new positions and adding to 7 existing holdings. Its largest new stake was Dell: 4,557,756 shares worth $91.4M.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 15% a quarter earlier, followed by Communication Services and Financials.

On the sell side, the largest reduction was Citrix Systems Inc, an estimated $46.6M trimmed.

  • Fir Tree Capital Management's largest Q1 2020 buy was Dell: 4,557,756 shares worth $91.4M.
  • Fir Tree Capital Management added most to Raytheon Company in Q1 2020, an estimated $33.7M increase.
  • Fir Tree Capital Management's biggest Q1 2020 reduction was Citrix Systems Inc, cutting an estimated $46.6M.
  • Fir Tree Capital Management fully exited VEREIT, Inc. in Q1 2020, selling an estimated $82.6M.
  • Fir Tree Capital Management's ten largest holdings make up 62% of its $1.14B portfolio in Q1 2020.
  • Fir Tree Capital Management opened 46 new positions and closed 23 in Q1 2020.
  • Fir Tree Capital Management's portfolio value rose 12% quarter-over-quarter to $1.14B.

Based on Fir Tree Capital Management's 13F filing for Q1 2020, filed 15 May 2020.