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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
+4.76%
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
$605M
AUM Growth
-$352M
Cap. Flow
-$354M
Cap. Flow %
-58.45%
Top 10 Hldgs %
40.58%
Holding
238
New
18
Increased
14
Reduced
102
Closed
92

Top Buys

Rank Stock Value
1
CNNE icon
Cannae Holdings
CNNE
+$15.3M
2
M icon
Macy's
M
+$10.9M
3
NATL icon
NCR Atleos
NATL
+$10.3M
4
SIX
Six Flags Entertainment Corp.
SIX
+$4.97M
5
ANSCU
Agriculture & Natural Solutions Acquisition Corp Unit
ANSCU
+$4.04M

Top Sells

Rank Stock Value
1
PCG icon
PG&E
PCG
+$28.2M
2
VYX icon
NCR Voyix
VYX
+$22.3M
3
NFYS
Enphys Acquisition Corp.
NFYS
+$21.7M
4
AAC
Ares Acquisition Corporation
AAC
+$16.4M
5
APGB
Apollo Strategic Growth Capital II
APGB
+$15.8M

Sector Composition

Rank Sector Weight
1 Financials 41.66%
2 Consumer Discretionary 9.54%
3 Technology 8.5%
4 Industrials 7.32%
5 Healthcare 2.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MARX
126
DELISTED
Mars Acquisition Corp. Ordinary Shares
MARX
$668K 0.11%
62,860
-640
-1% -$6.77K
EMCG
127
DELISTED
Embrace Change Acquisition Corp
EMCG
$650K 0.11%
59,399
-228,667
-79% -$2.49M
SKGR
128
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$637K 0.11%
58,961
-287,869
-83% -$3.11M
BITE
129
DELISTED
Bite Acquisition Corp.
BITE
$537K 0.09%
50,730
-2,121
-4% -$22.3K
KACL
130
DELISTED
Kairous Acquisition Corp. Limited Ordinary Shares
KACL
$537K 0.09%
46,825
-3,175
-6% -$36.2K
BAYAU
131
DELISTED
Bayview Acquisition Corp Unit
BAYAU
$506K 0.08%
+50,000
New +$504K
GLAC
132
DELISTED
Global Lights Acquisition Corp Ordinary Shares
GLAC
$504K 0.08%
+50,000
New +$503K
IROHU
133
DELISTED
Iron Horse Acquisitions Corp Unit
IROHU
$502K 0.08%
+50,000
New +$502K
HYAC
134
DELISTED
Haymaker Acquisition Corp 4
HYAC
$492K 0.08%
47,936
-2,064
-4% -$21.1K
NNAG
135
DELISTED
99 Acquisition Group Inc
NNAG
$491K 0.08%
+48,137
New +$489K
VHAQ
136
DELISTED
Viveon Health Acquisition Corp.
VHAQ
$482K 0.08%
42,694
-7,306
-15% -$82.8K
QETA icon
137
Quetta Acquisition Corp
QETA
$455K 0.08%
+45,000
New +$454K
GLLI
138
DELISTED
Globalink Investment Inc. Common Stock
GLLI
$433K 0.07%
39,864
-294,744
-88% -$3.19M
ACAC
139
DELISTED
Acri Capital Acquisition Corp
ACAC
$430K 0.07%
38,836
-1,688
-4% -$18.5K
ARYD
140
DELISTED
ARYA Sciences Acquisition Corp IV Class A Odinary Shares
ARYD
$397K 0.07%
36,493
-259
-0.7% -$2.82K
GTI
141
DELISTED
Graphjet Technology
GTI
$363K 0.06%
535
-98
-15% -$66.5K
DIST
142
DELISTED
Distoken Acquisition Corp
DIST
$344K 0.06%
32,363
-99,437
-75% -$1.05M
RENE
143
DELISTED
Cartesian Growth Corp II
RENE
$237K 0.04%
21,658
-53,133
-71% -$578K
AITRU
144
DELISTED
AI Transportation Acquisition Corp Unit
AITRU
$204K 0.03%
+20,000
New +$204K
IXAQ
145
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$148K 0.02%
13,394
-513,147
-97% -$5.63M
BRLS icon
146
Borealis Foods
BRLS
$16.7M
$144K 0.02%
12,716
-358,481
-97% -$4M
AERT
147
Aeries Technology
AERT
$35.2M
– –
-57,900
Closed -$4.91M
BNZI icon
148
Banzai International
BNZI
$6.13M
– –
-25
Closed -$2.64M
COCH icon
149
Envoy Medical
COCH
$51.7M
– –
-247,635
Closed -$2.56M
DHC
150
Diversified Healthcare Trust
DHC
$2.15B
– –
-80,949
Closed -$157K
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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CP
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Fir Tree Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Fir Tree Capital Management held 238 positions worth $605M, down 37% from $957M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fir Tree Capital Management withdrew a net $354M in Q4 2023, closing 92 positions and reducing 102 holdings. Its most notable exit was PG&E, an estimated $28.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 56% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Fir Tree Capital Management opened a new position in Cannae Holdings worth $16.4M.

  • Fir Tree Capital Management's largest Q4 2023 buy was Cannae Holdings: 840,000 shares worth $16.4M.
  • Fir Tree Capital Management added most to Goldenstone Acquisition Limited Common Stock in Q4 2023, an estimated $1.88M increase.
  • Fir Tree Capital Management's biggest Q4 2023 reduction was Enphys Acquisition Corp., cutting an estimated $21.7M.
  • Fir Tree Capital Management fully exited PG&E in Q4 2023, selling an estimated $28.2M.
  • Fir Tree Capital Management's ten largest holdings make up 41% of its $605M portfolio in Q4 2023.
  • Fir Tree Capital Management opened 18 new positions and closed 92 in Q4 2023.
  • Fir Tree Capital Management's portfolio value fell 37% quarter-over-quarter to $605M.

Based on Fir Tree Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.