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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
BCSA
126
DELISTED
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
$3.6M 0.29%
350,000
-140,819
-29% -$1.45M
RDZN icon
127
Roadzen
RDZN
$97.2M
$3.58M 0.28%
342,000
– –
ACBA
128
DELISTED
Ace Global Business Acquisition Ltd
ACBA
$3.56M 0.28%
327,780
+29,180
+10% +$315K
AVAC
129
DELISTED
Avalon Acquisition Inc. Class A Common Stock
AVAC
$3.55M 0.28%
+340,000
New +$3.52M
BSLK
130
DELISTED
Bolt Projects Holdings
BSLK
$3.54M 0.28%
17,500
-85,061
-83% -$17.2M
AACI
131
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
$3.54M 0.28%
+350,000
New +$3.54M
TRCA
132
DELISTED
Twin Ridge Capital Acquisition Corp.
TRCA
$3.52M 0.28%
343,384
+187,729
+121% +$1.91M
ITAQ
133
DELISTED
Industrial Tech Acquisitions II, Inc. Class A Common Stock
ITAQ
$3.5M 0.28%
336,125
+316,784
+1,638% +$3.27M
LITT
134
DELISTED
Logistics Innovation Technologies Corp. Class A Common Stock
LITT
$3.49M 0.28%
+344,110
New +$3.47M
THCP
135
DELISTED
Thunder Bridge Capital Partners IV, Inc. Class A Common Stock
THCP
$3.48M 0.28%
343,465
– –
AOGO
136
DELISTED
Arogo Capital Acquisition Corp. Class A Common Stock
AOGO
$3.43M 0.27%
328,571
+85,388
+35% +$877K
SDST
137
Stardust Power Inc
SDST
$5.71M
$3.43M 0.27%
33,066
-26,635
-45% -$2.73M
DHAI
138
DELISTED
DIH Holdings US
DHAI
$3.42M 0.27%
13,200
-28,200
-68% -$7.25M
PNST
139
DELISTED
Pinstripes Holdings, Inc.
PNST
$3.31M 0.26%
318,234
– –
DSAQ
140
DELISTED
Direct Selling Acquisition Corp.
DSAQ
$3.15M 0.25%
300,000
-743,317
-71% -$7.74M
SOC icon
141
Sable Offshore Corp
SOC
$1.01B
$3.15M 0.25%
310,493
+46,370
+18% +$470K
MPRA
142
DELISTED
Mercato Partners Acquisition Corporation Class A Common Stock
MPRA
$3.13M 0.25%
300,002
-712,883
-70% -$7.39M
TRIS
143
DELISTED
Tristar Acquisition I Corp.
TRIS
$3.1M 0.25%
300,438
– –
PHYT
144
DELISTED
Pyrophyte Acquisition Corp.
PHYT
$3.07M 0.24%
292,100
-5,900
-2% -$61.6K
SGII
145
DELISTED
Seaport Global Acquisition II Corp. Class A Common Stock
SGII
$3.06M 0.24%
+300,000
New +$3.07M
KVSC
146
DELISTED
Khosla Ventures Acquisition Co. III Class A Common Stock
KVSC
$3.04M 0.24%
300,000
– –
CIIG
147
DELISTED
CIIG Capital Partners II, Inc. Class A Common Stock
CIIG
$3.03M 0.24%
291,000
+75,000
+35% +$771K
NKGN
148
DELISTED
NKGen Biotech, Inc. Common Stock
NKGN
$3.02M 0.24%
297,775
+6,506
+2% +$65.6K
CREC
149
DELISTED
Crescera Capital Acquisition Corp Class A Ordinary Shares
CREC
$2.98M 0.24%
285,190
+41,590
+17% +$431K
FRBN
150
DELISTED
Forbion European Acquisition Corp. Class A Ordinary Shares
FRBN
$2.98M 0.24%
282,587
-13,913
-5% -$145K
4 5
6
7 8

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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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AI
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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.