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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
+1.95%
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
$1.26B
AUM Growth
-$683M
Cap. Flow
-$658M
Cap. Flow %
-52.26%
Top 10 Hldgs %
16.73%
Holding
392
New
56
Increased
76
Reduced
72
Closed
109

Top Buys

Rank Stock Value
1
AIRJ
Montana Technologies Corp
AIRJ
+$8.36M
2
SBXC.U
SilverBox Corp III Units, each consisting of one Class A Common Stock and one-third of one redeemable warrant
SBXC.U
+$8.07M
3
IVCA
Investcorp India Acquisition Corp
IVCA
+$6.86M
4
DTI icon
Drilling Tools International
DTI
+$6.32M
5
STI icon
Solidion Technology
STI
+$6.03M

Top Sells

Rank Stock Value
1
NAAC
North Atlantic Acquisition Corporation Class A Ordinary Share
NAAC
+$30.2M
2
CMCSA icon
Comcast
CMCSA
+$29.2M
3
FCNCA icon
First Citizens BancShares
FCNCA
+$27.5M
4
PYPL icon
PayPal
PYPL
+$24.2M
5
WPCB
Warburg Pincus Capital Corporation I-B
WPCB
+$18.7M

Sector Composition

Rank Sector Weight
1 Financials 65.22%
2 Technology 12.96%
3 Industrials 8%
4 Materials 3.28%
5 Healthcare 2.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KRNL
76
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
$5.15M 0.41%
500,000
-1,178,987
-70% -$12M
ROSS
77
DELISTED
Ross Acquisition Corp II
ROSS
$5.14M 0.41%
501,712
-155,591
-24% -$1.58M
OKLO
78
Oklo
OKLO
$6.76B
$5.13M 0.41%
505,129
– –
SUAC
79
DELISTED
ShoulderUp Technology Acquisition Corp.
SUAC
$5.12M 0.41%
493,500
+100,000
+25% +$1.03M
BNZI icon
80
Banzai International
BNZI
$6.13M
$5.12M 0.41%
50
– –
HWEL
81
DELISTED
Healthwell Acquisition Corp. I Class A Common Stock
HWEL
$5.1M 0.4%
502,251
+18,500
+4% +$186K
QOMO
82
DELISTED
Qomolangma Acquisition Corp. Common Stock
QOMO
$5.08M 0.4%
495,000
– –
UTAA
83
DELISTED
UTA Acquisition Corporation Class A Ordinary Shares
UTAA
$5.08M 0.4%
488,100
+50,100
+11% +$517K
PUCK
84
DELISTED
Goal Acquisitions Corp. Common Stock
PUCK
$5.01M 0.4%
490,219
+236,219
+93% +$2.39M
BWC
85
DELISTED
Blue Whale Acquisition Corp I Class A Ordinary Shares
BWC
$4.93M 0.39%
496,181
– –
GRML
86
Greenland Mines Ltd
GRML
$29.2M
$4.79M 0.38%
+464,000
New +$4.75M
SCUA
87
DELISTED
Sculptor Acquisition Corp I
SCUA
$4.69M 0.37%
449,200
+78,000
+21% +$809K
ELIQ
88
DELISTED
Electriq Power Holdings, Inc.
ELIQ
$4.65M 0.37%
447,101
– –
BLEU
89
DELISTED
bleuacacia ltd Class A Ordinary Shares
BLEU
$4.64M 0.37%
453,600
-24,800
-5% -$252K
BFAC
90
DELISTED
Battery Future Acquisition Corp.
BFAC
$4.58M 0.36%
438,909
-53,891
-11% -$559K
VEEA
91
Veea Inc
VEEA
$8.34M
$4.49M 0.36%
436,323
-132,441
-23% -$1.35M
RCFA
92
DELISTED
Perception Capital Corp. IV
RCFA
$4.46M 0.35%
427,594
-18,906
-4% -$196K
SKGR
93
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$4.45M 0.35%
426,600
– –
VAQC
94
DELISTED
Vector Acquisition Corporation II Class A Ordinary Shares
VAQC
$4.44M 0.35%
439,238
-386,318
-47% -$3.92M
OPA
95
DELISTED
Magnum Opus Acquisition Limited
OPA
$4.28M 0.34%
+417,181
New +$4.25M
APXI
96
DELISTED
APx Acquisition Corp. I Class A Ordinary Share
APXI
$4.26M 0.34%
402,900
-1,064,600
-73% -$11.1M
BRLS icon
97
Borealis Foods
BRLS
$16.7M
$4.24M 0.34%
405,793
-176,734
-30% -$1.84M
MBAC
98
DELISTED
M3-Brigade Acquisition II Corp.
MBAC
$4.24M 0.34%
426,653
-1,204,567
-74% -$12.1M
BRIV
99
DELISTED
B. Riley Principal 250 Merger Corp. Class A common stock
BRIV
$4.24M 0.34%
416,944
+184,121
+79% +$1.86M
LGVC
100
DELISTED
LAMF Global Ventures Corp. I Class A Ordinary Shares
LGVC
$4.19M 0.33%
400,709
-25,261
-6% -$262K
2 3
4
5 6

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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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CP
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Fir Tree Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Fir Tree Capital Management held 392 positions worth $1.26B, down 35% from $1.94B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Fir Tree Capital Management withdrew a net $658M in Q1 2023, closing 109 positions and reducing 72 holdings. Its most notable exit was North Atlantic Acquisition Corporation Class A Ordinary Share, an estimated $30.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 65% of assets, up from 63% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in Montana Technologies Corp worth $8.41M.

  • Fir Tree Capital Management's largest Q1 2023 buy was Montana Technologies Corp: 820,575 shares worth $8.41M.
  • Fir Tree Capital Management added most to Investcorp India Acquisition Corp in Q1 2023, an estimated $6.86M increase.
  • Fir Tree Capital Management's biggest Q1 2023 reduction was Bolt Projects Holdings, cutting an estimated $17.2M.
  • Fir Tree Capital Management fully exited North Atlantic Acquisition Corporation Class A Ordinary Share in Q1 2023, selling an estimated $30.2M.
  • Fir Tree Capital Management's ten largest holdings make up 17% of its $1.26B portfolio in Q1 2023.
  • Fir Tree Capital Management opened 56 new positions and closed 109 in Q1 2023.
  • Fir Tree Capital Management's portfolio value fell 35% quarter-over-quarter to $1.26B.

Based on Fir Tree Capital Management's 13F filing for Q1 2023, filed 15 May 2023.