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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
LIBY
101
DELISTED
Liberty Resources Acquisition Corp. Class A Common Stock
LIBY
$4.19M 0.33%
398,713
+92,313
+30% +$958K
HCVI
102
DELISTED
Hennessy Capital Investment Corp. VI Class A Common Stock
HCVI
$4.18M 0.33%
+403,174
New +$4.04M
VMGA
103
DELISTED
VMG Consumer Acquisition Corp. Class A Common Stock
VMGA
$4.18M 0.33%
402,800
-17,800
-4% -$183K
GTAC
104
DELISTED
Global Technology Acquisition Corp. I Class A Ordinary Shares
GTAC
$4.17M 0.33%
398,607
+249,207
+167% +$2.59M
TGR
105
DELISTED
Kimbell Tiger Acquisition Corporation
TGR
$4.16M 0.33%
395,492
– –
AERT
106
Aeries Technology
AERT
$35.2M
$4.14M 0.33%
+50,000
New +$4.11M
ADRT
107
DELISTED
Ault Disruptive Technologies Corporation
ADRT
$4.11M 0.33%
391,796
– –
AILE
108
DELISTED
iLearningEngines, Inc. Common Stock
AILE
$4.1M 0.33%
400,000
-634,376
-61% -$6.42M
IGTA
109
DELISTED
Inception Growth Acquisition Limited Common Stock
IGTA
$4.08M 0.32%
+400,000
New +$4.09M
ATAQ
110
DELISTED
Altimar Acquisition Corp III
ATAQ
$4.06M 0.32%
400,000
+117,844
+42% +$1.19M
FSNB
111
DELISTED
Fusion Acquisition Corp. II
FSNB
$4.06M 0.32%
400,000
-1,088,320
-73% -$11M
NSTC
112
DELISTED
Northern Star Investment Corp. III
NSTC
$4.04M 0.32%
400,000
+320,960
+406% +$3.25M
FSRX
113
DELISTED
FinServ Acquisition Corp. II Class A Common Stock
FSRX
$4.04M 0.32%
400,000
+172,431
+76% +$1.75M
NSTD
114
DELISTED
Northern Star Investment Corp. IV
NSTD
$4.03M 0.32%
+400,000
New +$4.04M
PRPC
115
DELISTED
CC Neuberger Principal Holdings III
PRPC
$4.02M 0.32%
389,910
-530,117
-58% -$5.4M
COCH icon
116
Envoy Medical
COCH
$51.7M
$4.02M 0.32%
400,000
-795,343
-67% -$7.97M
CPTK
117
DELISTED
Crown PropTech Acquisitions
CPTK
$4.01M 0.32%
400,000
-95,900
-19% -$967K
BNAI
118
Brand Engagement Network
BNAI
$79.3M
$4.01M 0.32%
40,000
-36,666
-48% -$3.72M
GLLI
119
DELISTED
Globalink Investment Inc. Common Stock
GLLI
$4M 0.32%
385,105
– –
FRXB
120
DELISTED
Forest Road Acquisition Corp. II
FRXB
$3.98M 0.32%
400,000
+37,858
+10% +$381K
JUGG
121
DELISTED
Jaws Juggernaut Acquisition Corporation Class A Ordinary Share
JUGG
$3.93M 0.31%
383,634
-202,928
-35% -$2.06M
CBRG
122
DELISTED
Chain Bridge I Class A Ordinary Shares
CBRG
$3.91M 0.31%
373,100
+212,200
+132% +$2.2M
BACA
123
DELISTED
Berenson Acquisition Corp. I
BACA
$3.78M 0.3%
376,185
– –
HAIA
124
DELISTED
Healthcare AI Acquisition Corp. Class A Ordinary Shares
HAIA
$3.72M 0.3%
355,881
+159,281
+81% +$1.65M
CXAC
125
DELISTED
C5 Acquisition Corporation
CXAC
$3.65M 0.29%
350,000
+75,000
+27% +$775K
3 4
5
6 7

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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 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.