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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
+1.76%
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
$1.07B
AUM Growth
-$184M
Cap. Flow
-$230M
Cap. Flow %
-21.37%
Top 10 Hldgs %
20.26%
Holding
328
New
45
Increased
47
Reduced
85
Closed
71

Top Buys

Rank Stock Value
1
VYX icon
NCR Voyix
VYX
+$22.3M
2
PCG icon
PG&E
PCG
+$16.1M
3
EVGR
Evergreen Corporation Class A Ordinary Share
EVGR
+$8.62M
4
SBXC
SilverBox Corp III
SBXC
+$8.06M
5
IPXXU
Inflection Point Acquisition Corp. II Unit
IPXXU
+$7.58M

Top Sells

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$22.6M
2
PNTM
Pontem Corporation
PNTM
+$20M
3
TRAQ
Trine II Acquisition Corp.
TRAQ
+$18.2M
4
MTAL
Metals Acquisition
MTAL
+$16M
5
RBA icon
RB Global
RBA
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 57.68%
2 Technology 13.7%
3 Industrials 6.62%
4 Healthcare 3.14%
5 Consumer Staples 2.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COCH icon
101
Envoy Medical
COCH
$50.9M
$4.1M 0.38%
400,000
– –
FLYX icon
102
flyExclusive
FLYX
$54.9M
$4.1M 0.38%
400,000
-1,124,572
-74% -$11.5M
CPTK
103
DELISTED
Crown PropTech Acquisitions
CPTK
$4.09M 0.38%
400,000
– –
FSRX
104
DELISTED
FinServ Acquisition Corp. II Class A Common Stock
FSRX
$4.09M 0.38%
400,000
– –
KDK
105
Kodiak AI
KDK
$786M
$4.06M 0.38%
+400,000
New +$4.05M
SDST
106
Stardust Power Inc
SDST
$10.2M
$4.04M 0.38%
38,066
+5,000
+15% +$525K
NFNT
107
DELISTED
Infinite Acquisition Corp.
NFNT
$3.95M 0.37%
373,301
-136,400
-27% -$1.43M
OKLO
108
Oklo
OKLO
$6.54B
$3.83M 0.36%
367,642
-137,487
-27% -$1.43M
VMW
109
DELISTED
VMware, Inc
VMW
$3.81M 0.35%
26,545
-174,016
-87% -$22.6M
MSAI icon
110
MultiSensor AI
MSAI
$9.53M
$3.8M 0.35%
8,906
-5,503
-38% -$2.31M
AIEV
111
DELISTED
Thunder Power Holdings, Inc. Common Stock
AIEV
$3.73M 0.35%
+357,530
New +$3.75M
BCSA
112
DELISTED
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
$3.73M 0.35%
350,000
– –
MNTN
113
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$3.71M 0.35%
348,329
+178,329
+105% +$1.88M
ACBA
114
DELISTED
Ace Global Business Acquisition Ltd
ACBA
$3.67M 0.34%
327,780
– –
LIBY
115
DELISTED
Liberty Resources Acquisition Corp. Class A Common Stock
LIBY
$3.67M 0.34%
338,242
-60,471
-15% -$645K
HWKZ
116
DELISTED
Hawks Acquisition Corp
HWKZ
$3.65M 0.34%
355,875
+74,293
+26% +$761K
QDRO
117
DELISTED
Quadro Acquisition One Corp. Class A Ordinary Shares
QDRO
$3.54M 0.33%
334,898
+127,708
+62% +$1.32M
GLLI
118
DELISTED
Globalink Investment Inc. Common Stock
GLLI
$3.54M 0.33%
334,608
-50,497
-13% -$530K
RCFA
119
DELISTED
Perception Capital Corp. IV
RCFA
$3.52M 0.33%
328,823
-98,771
-23% -$1.04M
DHAI
120
DELISTED
DIH Holdings US
DHAI
$3.5M 0.33%
13,200
– –
FRLA
121
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$3.47M 0.32%
322,100
+48,500
+18% +$521K
ALCE
122
DELISTED
Alternus Clean Energy Inc
ALCE
$3.46M 0.32%
13,222
+11,822
+844% +$3.06M
FRBN
123
DELISTED
Forbion European Acquisition Corp. Class A Ordinary Shares
FRBN
$3.45M 0.32%
321,694
+39,107
+14% +$415K
ENTF
124
DELISTED
Enterprise 4.0 Technology Acquisition Corp. Class A Ordinary Shares
ENTF
$3.39M 0.32%
317,286
-181,614
-36% -$1.91M
RRAC
125
DELISTED
Rigel Resource Acquisition Corp.
RRAC
$3.32M 0.31%
309,706
-226,000
-42% -$2.39M
3 4
5
6 7

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Fir Tree Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Fir Tree Capital Management held 328 positions worth $1.07B, down 15% from $1.26B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Fir Tree Capital Management withdrew a net $230M in Q2 2023, closing 71 positions and reducing 85 holdings. Its most notable exit was Pontem Corporation, an estimated $20M position sold in full.

By sector, the portfolio is most concentrated in Financials at 58% of assets, down from 65% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in NCR Voyix worth $23.9M.

  • Fir Tree Capital Management's largest Q2 2023 buy was NCR Voyix: 1,548,500 shares worth $23.9M.
  • Fir Tree Capital Management added most to SunPower Inc in Q2 2023, an estimated $7.44M increase.
  • Fir Tree Capital Management's biggest Q2 2023 reduction was VMware, Inc, cutting an estimated $22.6M.
  • Fir Tree Capital Management fully exited Pontem Corporation in Q2 2023, selling an estimated $20M.
  • Fir Tree Capital Management's ten largest holdings make up 20% of its $1.07B portfolio in Q2 2023.
  • Fir Tree Capital Management opened 45 new positions and closed 71 in Q2 2023.
  • Fir Tree Capital Management's portfolio value fell 15% quarter-over-quarter to $1.07B.

Based on Fir Tree Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.