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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
-1.58%
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
$190M
AUM Growth
-$224M
Cap. Flow
-$221M
Cap. Flow %
-115.94%
Top 10 Hldgs %
51.73%
Holding
134
New
22
Increased
16
Reduced
34
Closed
46

Top Buys

Rank Stock Value
1
AR icon
Antero Resources
AR
+$7.36M
2
FORL
Four Leaf Acquisition Corp
FORL
+$2.76M
3
NNAG
99 Acquisition Group Inc
NNAG
+$2.35M
4
ARYD
ARYA Sciences Acquisition Corp IV Class A Odinary Shares
ARYD
+$2.34M
5
BUJA
Bukit Jalil Global Acquisition 1
BUJA
+$2.05M

Top Sells

Rank Stock Value
1
SIX
Six Flags Entertainment Corp.
SIX
+$16.4M
2
KBR icon
KBR
KBR
+$8.73M
3
ODP
ODP
ODP
+$7.64M
4
FRLA
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
+$5.53M
5
NATL icon
NCR Atleos
NATL
+$5.42M

Sector Composition

Rank Sector Weight
1 Financials 36.82%
2 Consumer Discretionary 12.04%
3 Technology 4.53%
4 Energy 3.86%
5 Industrials 3.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QETA icon
76
Quetta Acquisition Corp
QETA
$466K 0.24%
45,000
– –
RRAC
77
DELISTED
Rigel Resource Acquisition Corp.
RRAC
$452K 0.24%
39,868
-17,951
-31% -$202K
ATMC
78
DELISTED
AlphaTime Acquisition Corp
ATMC
$451K 0.24%
40,735
-7,208
-15% -$79.6K
CURR
79
Currenc Group
CURR
$335M
$449K 0.24%
+38,477
New +$444K
CDAQ
80
DELISTED
Compass Digital Acquisition Corp. Class A Ordinary Shares
CDAQ
$445K 0.23%
40,900
– –
NOVV
81
DELISTED
Nova Vision Acquisition Corp. Ordinary share
NOVV
$325K 0.17%
+26,913
New +$320K
CUBWU
82
Lionheart Holdings Unit
CUBWU
$250K 0.13%
+25,000
New +$250K
AITR
83
DELISTED
AI Transportation Acquisition Corp
AITR
$207K 0.11%
20,000
– –
BOWN
84
DELISTED
Bowen Acquisition Corp
BOWN
$173K 0.09%
16,395
-1,108
-6% -$11.6K
DIST
85
DELISTED
Distoken Acquisition Corp
DIST
– –
-27,740
Closed -$298K
EMCG
86
DELISTED
Embrace Change Acquisition Corp
EMCG
– –
-213,296
Closed -$2.38M
IVCA
87
DELISTED
Investcorp India Acquisition Corp
IVCA
– –
-31,300
Closed -$351K
KBR icon
88
KBR
KBR
$4.55B
– –
-137,176
Closed -$8.73M
LQD icon
89
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
– –
-430,600
Closed -$46.9M
M icon
90
Macy's
M
$6.55B
– –
-19,336
Closed -$369K
NATL icon
91
NCR Atleos
NATL
$3.52B
– –
-274,456
Closed -$5.42M
ODP
92
DELISTED
ODP
ODP
– –
-144,000
Closed -$7.64M
RENE
93
DELISTED
Cartesian Growth Corp II
RENE
– –
-17,995
Closed -$200K
FAAS
94
DELISTED
DigiAsia
FAAS
– –
-209,911
Closed -$2.41M
FLD
95
Fold Holdings
FLD
$22.9M
– –
-177,970
Closed -$1.87M
GRML
96
Greenland Mines Ltd
GRML
$28.1M
– –
-50,303
Closed -$532K
VEEA
97
Veea Inc
VEEA
$8.64M
– –
-300,390
Closed -$3.33M
OSRH
98
OSR Health
OSRH
$16.9M
– –
-214,860
Closed -$2.29M
ASBP
99
Aspire Biopharma
ASBP
$7.62M
– –
-177
Closed -$2.35M
GLAC
100
DELISTED
Global Lights Acquisition Corp Ordinary Shares
GLAC
– –
-50,000
Closed -$509K
2 3
4
5 6

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Fir Tree Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Fir Tree Capital Management held 134 positions worth $190M, down 54% from $414M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Fir Tree Capital Management withdrew a net $221M in Q2 2024, closing 46 positions and reducing 34 holdings. Its most notable exit was Six Flags Entertainment Corp., an estimated $16.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 37% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Fir Tree Capital Management opened a new position in Antero Resources worth $7.34M.

  • Fir Tree Capital Management's largest Q2 2024 buy was Antero Resources: 225,000 shares worth $7.34M.
  • Fir Tree Capital Management added most to Four Leaf Acquisition Corp in Q2 2024, an estimated $2.76M increase.
  • Fir Tree Capital Management's biggest Q2 2024 reduction was Advance Auto Parts, cutting an estimated $3.58M.
  • Fir Tree Capital Management fully exited Six Flags Entertainment Corp. in Q2 2024, selling an estimated $16.4M.
  • Fir Tree Capital Management's ten largest holdings make up 52% of its $190M portfolio in Q2 2024.
  • Fir Tree Capital Management opened 22 new positions and closed 46 in Q2 2024.
  • Fir Tree Capital Management's portfolio value fell 54% quarter-over-quarter to $190M.

Based on Fir Tree Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.