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FTCM

Fir Tree Capital Management Portfolio holdings

AUM $21.8M
1-Year Est. Return 1.61%
This Fund
S&P 500
This Quarter Est. Return
+7.96%
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
$8.79B
AUM Growth
+$1.48B
Cap. Flow
+$184M
Cap. Flow %
2.09%
Top 10 Hldgs %
44.47%
Holding
132
New
27
Increased
14
Reduced
20
Closed
42

Top Buys

Rank Stock Value
1
NOK icon
Nokia
NOK
+$236M
2
GMCR
KEURIG GREEN MTN INC
GMCR
+$130M
3
EQT icon
EQT Corp
EQT
+$124M
4
TEVA icon
Teva Pharmaceuticals
TEVA
+$124M
5
AGO icon
Assured Guaranty
AGO
+$102M

Top Sells

Rank Stock Value
1
EQIX icon
Equinix
EQIX
+$120M
2
CI icon
Cigna
CI
+$118M
3
MSI icon
Motorola Solutions
MSI
+$106M
4
PPLI
People Inc
PPLI
+$102M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$98M

Sector Composition

Rank Sector Weight
1 Real Estate 18.81%
2 Financials 14.63%
3 Energy 11.68%
4 Technology 9.85%
5 Healthcare 8.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VKI icon
101
Invesco Advantage Municipal Income Trust II
VKI
$398M
– –
-297,951
Closed -$3.19M
VKQ icon
102
Invesco Municipal Trust
VKQ
$541M
– –
-1,111,573
Closed -$13M
VMO icon
103
Invesco Municipal Opportunity Trust
VMO
$653M
– –
-1,222,394
Closed -$14.4M
EQC
104
CALL
DELISTED
Equity Commonwealth
EQC
– –
-570,000
Closed -$12.5M
MCA
105
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
– –
-116,066
Closed -$1.61M
MFL
106
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
– –
-128,064
Closed -$1.68M
NE
107
CALL
DELISTED
Noble Corporation
NE
– –
-2,288,000
Closed -$75.5M
NQM
108
DELISTED
NUVEEN INVESTMENT QLTY MUNI FD
NQM
– –
-144,207
Closed -$1.99M
NPM
109
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
– –
-270,597
Closed -$3.53M
NPI
110
DELISTED
NUVEEN PREMIUN INC MUN FUND
NPI
– –
-154,896
Closed -$1.98M
NIO
111
DELISTED
NUVEEN MUNICIPAL OPPORTUNITY FUND INC
NIO
– –
-155,705
Closed -$2.02M
NQU
112
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
– –
-123,889
Closed -$1.56M
NPT
113
DELISTED
NUVEEN PREM INSD MUNI FD-4 INC
NPT
– –
-152,354
Closed -$1.81M
NQI
114
DELISTED
NUVEEN QUALITY MUNICIPAL FUND INC
NQI
– –
-184,398
Closed -$2.27M
NMA
115
DELISTED
NUVEEN MUNI ADVANTAGE FUND
NMA
– –
-905,104
Closed -$11.3M
ROICW
116
DELISTED
RETAIL OPPORTUNITY INVESTMENTS CORP WTS EXP 10/17/2011 (MD)
ROICW
– –
-4,350,000
Closed -$9.13M
NID
117
DELISTED
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
– –
-778,721
Closed -$8.94M
NQS
118
DELISTED
NUVEEN SELECT QUALITY MUNI FD
NQS
– –
-563,553
Closed -$7.16M
NMO
119
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
– –
-357,804
Closed -$4.39M
LNCO
120
CALL
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
– –
-250,000
Closed -$7.29M
1 2 3 4
5

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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 Q4 2013 Portfolio in Review

As of Q4 2013, Fir Tree Capital Management held 132 positions worth $8.79B, up 20% from $7.32B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Fir Tree Capital Management's Q4 2013 filing shows 27 new, 14 increased, 20 reduced and 42 closed positions. Its largest new stake was Nokia: 31,423,600 shares worth $255M. The largest sale was Equinix, an estimated $120M.

By sector, the portfolio is most concentrated in Real Estate at 19% of assets, down from 20% a quarter earlier, followed by Financials and Energy.

  • Fir Tree Capital Management's largest Q4 2013 buy was Nokia: 31,423,600 shares worth $255M.
  • Fir Tree Capital Management added most to KEURIG GREEN MTN INC in Q4 2013, an estimated $130M increase.
  • Fir Tree Capital Management's biggest Q4 2013 reduction was Equinix, cutting an estimated $120M.
  • Fir Tree Capital Management fully exited Alphabet (Google) Class C in Q4 2013, selling an estimated $98M.
  • Fir Tree Capital Management's ten largest holdings make up 44% of its $8.79B portfolio in Q4 2013.
  • Fir Tree Capital Management opened 27 new positions and closed 42 in Q4 2013.
  • Fir Tree Capital Management's portfolio value rose 20% quarter-over-quarter to $8.79B.

Based on Fir Tree Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.