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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
AITRU
126
DELISTED
AI Transportation Acquisition Corp Unit
AITRU
– –
-20,000
Closed -$204K
GBBK
127
DELISTED
Global Blockchain Acquisition Corp. Common Stock
GBBK
– –
-114,210
Closed -$1.2M
BNIX
128
DELISTED
Bannix Acquisition Corp. Common Stock
BNIX
– –
-282,778
Closed -$3.06M
FTII
129
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
– –
-274,787
Closed -$2.98M
QTI
130
QT Imaging Holdings
QTI
$37M
– –
-271,562
Closed -$3.01M
PPYA
131
DELISTED
Papaya Growth Opportunity Corp. I Class A Common Stock
PPYA
– –
-100,000
Closed -$1.08M
BRAC
132
DELISTED
Broad Capital Acquisition Corp Common Stock
BRAC
– –
-227,368
Closed -$2.53M
CITE
133
DELISTED
Cartica Acquisition Corp Class A Ordinary Shares
CITE
– –
-350,000
Closed -$3.82M
CFFS
134
DELISTED
CF Acquisition Corp. VII Class A Common Stock
CFFS
– –
-398,160
Closed -$4.32M
GHIX
135
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
– –
-924,871
Closed -$9.71M
TGAA
136
DELISTED
Target Global Acquisition I Corp. Class A Ordinary Share
TGAA
– –
-100,000
Closed -$1.1M
DPCS
137
DELISTED
DP Cap Acquisition Corp I Class A Ordinary Shares
DPCS
– –
-367,588
Closed -$4M
CBRG
138
DELISTED
Chain Bridge I Class A Ordinary Shares
CBRG
– –
-362,499
Closed -$3.93M
BCSA
139
DELISTED
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
– –
-111,750
Closed -$1.22M
JWSM
140
DELISTED
Jaws Mustang Acquisition Corp.
JWSM
– –
-124,070
Closed -$1.35M
ZPTA
141
DELISTED
Zapata Computing Holdings Inc. Common Stock
ZPTA
– –
-345,616
Closed -$3.76M
NNAG
142
DELISTED
99 Acquisition Group Inc
NNAG
– –
-48,137
Closed -$491K
KRNL
143
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
– –
-459,482
Closed -$4.93M
PEGR
144
DELISTED
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
– –
-757,345
Closed -$8.01M
GMFI
145
DELISTED
Aetherium Acquisition Corp
GMFI
– –
-212,676
Closed -$2.31M
CMCA
146
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
– –
-105,899
Closed -$1.16M
SWSS
147
DELISTED
Clean Energy Special Situations Corp. Common stock
SWSS
– –
-188,182
Closed -$1.98M
TWLV
148
DELISTED
Twelve Seas Investment Company II Class A Common Stock
TWLV
– –
-150,000
Closed -$1.58M
SCRM
149
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
– –
-257,990
Closed -$2.73M
LGVC
150
DELISTED
LAMF Global Ventures Corp. I Class A Ordinary Shares
LGVC
– –
-399,811
Closed -$4.31M
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.