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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
+1.53%
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
$957M
AUM Growth
-$117M
Cap. Flow
-$152M
Cap. Flow %
-15.87%
Top 10 Hldgs %
22.76%
Holding
291
New
34
Increased
58
Reduced
63
Closed
69

Top Buys

Rank Stock Value
1
ODP
ODP
ODP
+$19.4M
2
PCG icon
PG&E
PCG
+$13.7M
3
FLD
Fold Holdings
FLD
+$10.4M
4
MNTN
Everest Consolidator Acquisition Corporation
MNTN
+$10.4M
5
PEGR
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
+$7.91M

Top Sells

Rank Stock Value
1
SPB icon
Spectrum Brands
SPB
+$21.5M
2
PSQH icon
PSQ Holdings
PSQH
+$15.9M
3
ATVI
Activision Blizzard
ATVI
+$14.8M
4
ARTE
Artemis Strategic Investment Corporation Class A Common Stock
ARTE
+$14M
5
MBSC
M3-Brigade Acquisition III Corp.
MBSC
+$10.2M

Sector Composition

Rank Sector Weight
1 Financials 55.97%
2 Technology 10.02%
3 Industrials 8.01%
4 Materials 4.01%
5 Consumer Discretionary 3.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALCE
101
DELISTED
Alternus Clean Energy Inc
ALCE
$3.49M 0.37%
13,222
– –
ROCL
102
DELISTED
Roth CH Acquisition V Co. Common Stock
ROCL
$3.37M 0.35%
320,023
– –
ACRO
103
DELISTED
Acropolis Infrastructure Acquisition Corp
ACRO
$3.36M 0.35%
326,488
– –
TRIS
104
DELISTED
Tristar Acquisition I Corp.
TRIS
$3.32M 0.35%
310,364
+10,697
+4% +$113K
TCOA
105
DELISTED
Zalatoris Acquisition Corp.
TCOA
$3.27M 0.34%
310,000
– –
LHC
106
DELISTED
Leo Holdings Corp. II
LHC
$3.23M 0.34%
+292,267
New +$3.16M
OPTX icon
107
Syntec Optics
OPTX
$263M
$3.22M 0.34%
303,461
+206,866
+214% +$2.18M
QTI
108
QT Imaging Holdings
QTI
$37M
$3.22M 0.34%
300,000
– –
SGII
109
DELISTED
Seaport Global Acquisition II Corp. Class A Common Stock
SGII
$3.21M 0.34%
300,000
– –
HOVR icon
110
New Horizon Aircraft
HOVR
$115M
$3.2M 0.33%
303,730
+158,730
+109% +$1.67M
VEEA
111
Veea Inc
VEEA
$8.34M
$3.11M 0.33%
289,001
-227,322
-44% -$2.43M
CSLM
112
DELISTED
CSLM Acquisition Corp. Class A Ordinary Share
CSLM
$3.1M 0.32%
290,136
+29,178
+11% +$309K
EMCG
113
DELISTED
Embrace Change Acquisition Corp
EMCG
$3.1M 0.32%
288,066
+173,851
+152% +$1.86M
AOGO
114
DELISTED
Arogo Capital Acquisition Corp. Class A Common Stock
AOGO
$3.1M 0.32%
290,606
+100,369
+53% +$1.07M
BNIX
115
DELISTED
Bannix Acquisition Corp. Common Stock
BNIX
$3.06M 0.32%
287,474
– –
ALCY
116
DELISTED
Alchemy Investments Acquisition Corp 1
ALCY
$3M 0.31%
+290,744
New +$2.99M
LOCC
117
DELISTED
Live Oak Crestview Climate Acquisition Corp.
LOCC
$2.85M 0.3%
+276,010
New +$2.85M
MAQC
118
DELISTED
Maquia Capital Acquisition Corporation Class A Common Stock
MAQC
$2.84M 0.3%
245,435
-2,448
-1% -$28.1K
DUET
119
DELISTED
DUET Acquisition Corp. Class A Common Stock
DUET
$2.81M 0.29%
262,186
– –
HUDA
120
DELISTED
Hudson Acquisition I Corp. Common Stock
HUDA
$2.79M 0.29%
260,000
+155,000
+148% +$1.63M
ECDA
121
DELISTED
ECD Automotive Design
ECDA
$2.74M 0.29%
1,299
– –
CLRC
122
DELISTED
ClimateRock Class A Ordinary Shares
CLRC
$2.73M 0.29%
250,000
+3,629
+1% +$38.9K
ABP
123
DELISTED
Abpro Holdings
ABP
$2.65M 0.28%
8,363
– –
BNZI icon
124
Banzai International
BNZI
$6.13M
$2.64M 0.28%
25
-5
-17% -$525K
BUJA
125
DELISTED
Bukit Jalil Global Acquisition 1
BUJA
$2.59M 0.27%
+250,000
New +$2.56M
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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Fir Tree Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Fir Tree Capital Management held 291 positions worth $957M, down 11% from $1.07B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Fir Tree Capital Management withdrew a net $152M in Q3 2023, closing 69 positions and reducing 63 holdings. Its most notable exit was Spectrum Brands, an estimated $21.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 56% of assets, down from 58% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in ODP worth $18.6M.

  • Fir Tree Capital Management's largest Q3 2023 buy was ODP: 403,687 shares worth $18.6M.
  • Fir Tree Capital Management added most to PG&E in Q3 2023, an estimated $13.7M increase.
  • Fir Tree Capital Management's biggest Q3 2023 reduction was Artemis Strategic Investment Corporation Class A Common Stock, cutting an estimated $14M.
  • Fir Tree Capital Management fully exited Spectrum Brands in Q3 2023, selling an estimated $21.5M.
  • Fir Tree Capital Management's ten largest holdings make up 23% of its $957M portfolio in Q3 2023.
  • Fir Tree Capital Management opened 34 new positions and closed 69 in Q3 2023.
  • Fir Tree Capital Management's portfolio value fell 11% quarter-over-quarter to $957M.

Based on Fir Tree Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.