FTCM

Fir Tree Capital Management Portfolio holdings

AUM $5.03M

1-Year Return 4.11%

2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+18.99%

1 Year Return

-4.11%

3 Year Return

+9.32%

5 Year Return

+49%

10 Year Return

+49%

AUM

$2.01B

AUM Growth

+$181M (+9.9%)

Cap. Flow

-$164M

Cap. Flow % of AUM

-8.16%

Top 10 Holdings % Top 10 Hldgs %

37.12%

Holding

221

New

107

Increased

Reduced

Closed

Top Buys

1	AbbVie ABBV	$67.3M
2	Outfront Media OUT	$43.9M
3	Spirit AeroSystems SPR	$43M
4	Boston Scientific BSX	$35.7M
5	Lamar Advertising Co LAMR	$33M

Top Sells

1	Edison International EIX	$131M
2	Corpay CPAY	$81.3M
3	PSTH Pershing Square Tontine Holdings, Ltd. PSTH	$79.7M
4	SLM Corp SLM	$66.9M
5	Exelon EXC	$57.9M

Sector Composition

1	Financials	14.75%
2	Communication Services	14.43%
3	Industrials	11.29%
4	Healthcare	11.06%
5	Technology	9.88%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
126	SEAH.WS 126 DELISTED Sports Entertainment Acquisition Corp. Redeemable Warrants, each whole Warrant exercisable for one s SEAH.WS	$473K	0.02%	+350,000	New	+$473K
127	MKTWW 127 DELISTED MarketWise, Inc. Warrant MKTWW	$470K	0.02%	275,000	–	–
128	AVAN.WS 128 DELISTED Avanti Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 AVAN.WS	$368K	0.02%	+243,750	New	+$368K
129	FGNA.WS 129 DELISTED FG New America Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A c FGNA.WS	$362K	0.02%	+250,000	New	+$362K
130	XPOA.WS 130 DELISTED DPCM Capital, Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at XPOA.WS	$361K	0.02%	+168,122	New	+$361K
131	LFTRW 131 DELISTED Lefteris Acquisition Corp. Warrant LFTRW	$355K	0.02%	+166,665	New	+$355K
132	YAC.WS 132 DELISTED Yucaipa Acquisition Corporation Redeemable Warrants, each whole warrant exercisable for one Class A YAC.WS	$334K	0.02%	233,333	–	–
133	ASTRW 133 DELISTED Astra Space, Inc. Warrant ASTRW	$330K	0.02%	+249,999	New	+$330K
134	MAACW 134 DELISTED Montes Archimedes Acquisition Corp. Warrant MAACW	$330K	0.02%	+229,110	New	+$330K
135	ASPL.WS 135 DELISTED Aspirational Consumer Lifestyle Corp. Redeemable Warrants, each whole warrant exercisable for one Cl ASPL.WS	$327K	0.02%	+308,929	New	+$327K
136	APSG.WS 136 DELISTED Apollo Strategic Growth Capital Warrants, each exercisable for one Class A Ordinary Share at an exer APSG.WS	$313K	0.02%	+166,665	New	+$313K
137	DSAC 137 DELISTED Duddell Street Acquisition Corp. Class A Ordinary Shares DSAC	$309K	0.02%	+31,033	New	+$309K
138	LCIDW 138 DELISTED Lucid Group, Inc. Warrant LCIDW	$304K	0.01%	200,000	–	–
139	139 EVgo EVGO $509M	$295K	0.01%	+27,540	New	+$295K
140	HIGA.WS 140 DELISTED H.I.G. Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 HIGA.WS	$284K	0.01%	+216,665	New	+$284K
141	STWOW 141 DELISTED ACON S2 Acquisition Corp. Warrant STWOW	$280K	0.01%	+166,665	New	+$280K
142	SCVX.WS 142 DELISTED SCVX Corp. SCVX.WS	$276K	0.01%	162,585	–	–
143	SBG.WS 143 DELISTED Sandbridge Acquisition Corporation Warrants, each whole warrant exercisable for one share of Class A SBG.WS	$260K	0.01%	+200,000	New	+$260K
144	TPGY.WS 144 DELISTED TPG Pace Beneficial Finance Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share TPGY.WS	$256K	0.01%	+34,880	New	+$256K
145	GNRS 145 DELISTED Greenrose Acquisition Corp. Common Stock GNRS	$232K	0.01%	+22,889	New	+$232K
146	HPX.WS 146 DELISTED HPX Corp. Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 HPX.WS	$214K	0.01%	200,000	–	–
147	BREZW 147 DELISTED Breeze Holdings Acquisition Corp. Warrant BREZW	$210K	0.01%	+203,889	New	+$210K
148	VYGG.WS 148 DELISTED Vy Global Growth Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 VYGG.WS	$206K	0.01%	+100,000	New	+$206K
149	CYXTW 149 DELISTED Cyxtera Technologies, Inc. Warrant CYXTW	$194K	0.01%	+98,332	New	+$194K
150	PACE.WS 150 DELISTED TPG Pace Tech Opportunities Corp. Warrants, each whole warrant exercisable for one Class A ordinary PACE.WS	$182K	0.01%	+84,700	New	+$182K