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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
+5.3%
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
$7.32B
AUM Growth
+$81.4M
(+1.1%)
Cap. Flow
+$128M
Cap. Flow
% of AUM
1.75%
Top 10 Holdings %
Top 10 Hldgs %
48.87%
Holding
118
New
52
Increased
18
Reduced
17
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crown Castle
CCI
|
+$257M |
| 2 |
Equinix
EQIX
|
+$163M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
| 4 |
EQT Corp
EQT
|
+$124M |
| 5 |
EXXI
ENERGY XXI LTD COM SHS
EXXI
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Motorola Solutions
MSI
|
+$169M |
| 2 |
Qualcomm
QCOM
|
+$157M |
| 3 |
Williams Companies
WMB
|
+$127M |
| 4 |
Cognizant
CTSH
|
+$123M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$60.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 20.28% |
| 2 | Financials | 13.78% |
| 3 | Energy | 10.93% |
| 4 | Technology | 10.45% |
| 5 | Healthcare | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Global Payments
GPN
$23.9B
| – | – |
-755,920
| Closed | -$17.5M |
|
|
HES
102
PUT
DELISTED
Hess
HES
| – | – |
-500,000
| Closed | -$33.2M |
|
|
103
CALL
Motorola Solutions
MSI
$73.1B
| – | – |
-250,000
| Closed | -$14.4M |
|
104
CALL
Netflix
NFLX
$301B
| – | – |
-11,900,000
| Closed | -$35.9M |
|
|
105
CALL
Williams Companies
WMB
$85.8B
| – | – |
-1,500,000
| Closed | -$48.7M |
|
|
XBKS
106
DELISTED
Xenith Bankshares, Inc. Common Stock
XBKS
| – | – |
-837,593
| Closed | -$10.8M |
|
|
PNC.WS
107
DELISTED
PNC Financial Services Group Inc
PNC.WS
| – | – |
-23,800
| Closed | -$359K |
|
|
KMI.WS
108
DELISTED
Kinder Morgan Inc
KMI.WS
| – | – |
-2,081,534
| Closed | -$10.7M |
|
|
LNCO
109
PUT
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
| – | – |
-850,000
| Closed | -$31.7M |
|
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Fir Tree Capital Management's Q3 2013 Portfolio in Review
As of Q3 2013, Fir Tree Capital Management held 118 positions worth $7.32B, up 1.1% from $7.24B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Fir Tree Capital Management's Q3 2013 filing shows 52 new, 18 increased, 17 reduced and 13 closed positions. Its largest new stake was Crown Castle: 3,599,484 shares worth $263M. The largest sale was Motorola Solutions, an estimated $169M.
By sector, the portfolio is most concentrated in Real Estate at 20% of assets, up from 12% a quarter earlier, followed by Financials and Energy.
- Fir Tree Capital Management's largest Q3 2013 buy was Crown Castle: 3,599,484 shares worth $263M.
- Fir Tree Capital Management added most to Equinix in Q3 2013, an estimated $163M increase.
- Fir Tree Capital Management's biggest Q3 2013 reduction was Motorola Solutions, cutting an estimated $169M.
- Fir Tree Capital Management fully exited Global Payments in Q3 2013, selling an estimated $17.5M.
- Fir Tree Capital Management's ten largest holdings make up 49% of its $7.32B portfolio in Q3 2013.
- Fir Tree Capital Management opened 52 new positions and closed 13 in Q3 2013.
- Fir Tree Capital Management's portfolio value rose 1.1% quarter-over-quarter to $7.32B.
Based on Fir Tree Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.