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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
+6.05%
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
$414M
AUM Growth
-$191M
Cap. Flow
-$208M
Cap. Flow %
-50.31%
Top 10 Hldgs %
62.2%
Holding
169
New
21
Increased
17
Reduced
61
Closed
59

Top Buys

Rank Stock Value
1
AAP icon
Advance Auto Parts
AAP
+$24.2M
2
SIX
Six Flags Entertainment Corp.
SIX
+$10.3M
3
KBR icon
KBR
KBR
+$7.81M
4
FRLA
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
+$3.16M
5
EVGR
Evergreen Corporation Class A Ordinary Share
EVGR
+$2.82M

Top Sells

Rank Stock Value
1
CNNE icon
Cannae Holdings
CNNE
+$16.4M
2
M icon
Macy's
M
+$14.1M
3
ODP
ODP
ODP
+$13.4M
4
AIRJ
Montana Technologies Corp
AIRJ
+$11.1M
5
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$9.71M

Sector Composition

Rank Sector Weight
1 Financials 26.38%
2 Consumer Discretionary 10.04%
3 Industrials 5.86%
4 Technology 5.67%
5 Communication Services 4.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DIST
101
DELISTED
Distoken Acquisition Corp
DIST
$298K 0.07%
27,740
-4,623
-14% -$49.2K
ARYD
102
DELISTED
ARYA Sciences Acquisition Corp IV Class A Odinary Shares
ARYD
$281K 0.07%
24,949
-11,544
-32% -$129K
AITR
103
DELISTED
AI Transportation Acquisition Corp
AITR
$206K 0.05%
+20,000
New +$205K
RENE
104
DELISTED
Cartesian Growth Corp II
RENE
$200K 0.05%
17,995
-3,663
-17% -$40.5K
BOWN
105
DELISTED
Bowen Acquisition Corp
BOWN
$183K 0.04%
17,503
-63,970
-79% -$664K
FORL
106
DELISTED
Four Leaf Acquisition Corp
FORL
$171K 0.04%
15,904
-82,384
-84% -$875K
OAKU
107
DELISTED
Oak Woods Acquisition Corp
OAKU
$149K 0.04%
13,905
-70,596
-84% -$750K
ESHA
108
DELISTED
ESH Acquisition Corp
ESHA
$116K 0.03%
11,178
-113,822
-91% -$1.17M
AER icon
109
AerCap
AER
$23.7B
– –
-43,619
Closed -$3.24M
ANSCU
110
Agriculture & Natural Solutions Acquisition Corp Unit
ANSCU
– –
-400,000
Closed -$4.06M
CLBR.U
111
DELISTED
Colombier Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CLBR.U
– –
-100,000
Closed -$1.01M
CNNE icon
112
Cannae Holdings
CNNE
$639M
– –
-840,000
Closed -$16.4M
HOVR icon
113
New Horizon Aircraft
HOVR
$115M
– –
-278,968
Closed -$2.93M
HWH icon
114
HWH International
HWH
$11M
– –
-37,793
Closed -$2.01M
HYAC
115
DELISTED
Haymaker Acquisition Corp 4
HYAC
– –
-47,936
Closed -$492K
RSP icon
116
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$97B
– –
-200,000
Closed -$31.6M
BRLS icon
117
Borealis Foods
BRLS
$16.7M
– –
-12,716
Closed -$144K
AIRJ
118
Montana Technologies Corp
AIRJ
$306M
– –
-1,019,221
Closed -$11.1M
BNAI
119
Brand Engagement Network
BNAI
$79.3M
– –
-23,654
Closed -$2.5M
GTI
120
DELISTED
Graphjet Technology
GTI
– –
-535
Closed -$363K
GCTS
121
GCT Semiconductor Holding
GCTS
$169M
– –
-139,559
Closed -$1.47M
DEVS
122
DELISTED
DevvStream Corp
DEVS
– –
-44,595
Closed -$4.81M
BZAI
123
Blaize Holdings
BZAI
$112M
– –
-595,288
Closed -$6.37M
BAYAU
124
DELISTED
Bayview Acquisition Corp Unit
BAYAU
– –
-50,000
Closed -$506K
IROHU
125
DELISTED
Iron Horse Acquisitions Corp Unit
IROHU
– –
-50,000
Closed -$502K
3 4
5
6 7

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Fir Tree Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fir Tree Capital Management held 169 positions worth $414M, down 32% from $605M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Fir Tree Capital Management withdrew a net $208M in Q1 2024, closing 59 positions and reducing 61 holdings. Its most notable exit was Cannae Holdings, an estimated $16.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 42% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in Advance Auto Parts worth $29.8M.

  • Fir Tree Capital Management's largest Q1 2024 buy was Advance Auto Parts: 350,000 shares worth $29.8M.
  • Fir Tree Capital Management added most to Six Flags Entertainment Corp. in Q1 2024, an estimated $10.3M increase.
  • Fir Tree Capital Management's biggest Q1 2024 reduction was Macy's, cutting an estimated $14.1M.
  • Fir Tree Capital Management fully exited Cannae Holdings in Q1 2024, selling an estimated $16.4M.
  • Fir Tree Capital Management's ten largest holdings make up 62% of its $414M portfolio in Q1 2024.
  • Fir Tree Capital Management opened 21 new positions and closed 59 in Q1 2024.
  • Fir Tree Capital Management's portfolio value fell 32% quarter-over-quarter to $414M.

Based on Fir Tree Capital Management's 13F filing for Q1 2024, filed 15 May 2024.