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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
+19.6%
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
$2.06B
AUM Growth
+$77.9M
Cap. Flow
-$271M
Cap. Flow %
-13.16%
Top 10 Hldgs %
36.15%
Holding
224
New
110
Increased
9
Reduced
19
Closed
57

Top Buys

Rank Stock Value
1
ABBV icon
AbbVie
ABBV
+$60.4M
2
OUT icon
Outfront Media
OUT
+$38.5M
3
BSX icon
Boston Scientific
BSX
+$35.7M
4
SPR
Spirit AeroSystems
SPR
+$31.5M
5
LAMR icon
Lamar Advertising Co
LAMR
+$29.7M

Top Sells

Rank Stock Value
1
EIX icon
Edison International
EIX
+$131M
2
CPAY icon
Corpay
CPAY
+$81.3M
3
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
+$79.7M
4
EXC icon
Exelon
EXC
+$57.9M
5
SLM icon
SLM Corp
SLM
+$56.8M

Sector Composition

Rank Sector Weight
1 Financials 14.37%
2 Communication Services 14.06%
3 Industrials 11%
4 Healthcare 10.77%
5 Technology 9.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CYXTW
151
DELISTED
Cyxtera Technologies, Inc. Warrant
CYXTW
$194K 0.01%
+98,332
New +$164K
PACE.WS
152
DELISTED
TPG Pace Tech Opportunities Corp. Warrants, each whole warrant exercisable for one Class A ordinary
PACE.WS
$182K 0.01%
+84,700
New +$201K
CMPOW
153
DELISTED
CompoSecure Inc Warrant
CMPOW
$177K 0.01%
+149,749
New +$136K
FMAC.WS
154
DELISTED
FirstMark Horizon Acquisition Corp. Redeemable warrants, each whole warrant exercisable for one shar
FMAC.WS
$177K 0.01%
+71,208
New +$138K
FAII.WS
155
DELISTED
Fortress Value Acquisition Corp. II Warrants, each whole warrant exercisable for one share of Class
FAII.WS
$172K 0.01%
+70,000
New +$118K
BSN.WS
156
DELISTED
Broadstone Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share
BSN.WS
$168K 0.01%
+150,000
New +$133K
DEH.WS
157
DELISTED
D8 Holdings Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exer
DEH.WS
$158K 0.01%
150,000
– –
TOIIW
158
The Oncology Institute Warrant
TOIIW
$4.36M
$113K 0.01%
57,800
-4,700
-8% -$8.11K
ENPC.WS
159
DELISTED
Executive Network Partnering Corporation Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
ENPC.WS
$97K ﹤0.01%
+37,500
New +$100K
DCGOW
160
DELISTED
DocGo Inc. Warrants
DCGOW
$84K ﹤0.01%
+41,699
New +$81.4K
HLMNW
161
DELISTED
Hillman Solutions Corp. Warrant
HLMNW
$71K ﹤0.01%
+31,699
New +$49.6K
ARKOW
162
DELISTED
ARKO Corp Warrant
ARKOW
$27K ﹤0.01%
+20,000
New +$27.6K
AAL icon
163
American Airlines Group
AAL
$10.1B
– –
-192,300
Closed -$2.36M
AAL icon
164
PUT
American Airlines Group
AAL
$10.1B
– –
-870,000
Closed -$10.7M
ADV icon
165
Advantage Solutions
ADV
$522M
– –
-5,956
Closed -$1.51M
AMPY icon
166
Amplify Energy
AMPY
$161M
– –
-9,585,850
Closed -$8.17M
AMZN icon
167
PUT
Amazon
AMZN
$2.92T
– –
-520,000
Closed -$81.9M
ARKO icon
168
ARKO Corp
ARKO
$896M
– –
-860,000
Closed -$8.6M
ASTS icon
169
AST SpaceMobile
ASTS
$17.6B
– –
-26,845
Closed -$270K
SRTA
170
Strata Critical Medical Inc
SRTA
$434M
– –
-30,600
Closed -$308K
CELU icon
171
Celularity
CELU
$18.4M
– –
-49,066
Closed -$5.15M
CLOV icon
172
Clover Health Investments
CLOV
$2.2B
– –
-537,109
Closed -$6.69M
CUK
173
DELISTED
Carnival PLC
CUK
– –
-2,638,600
Closed -$34.1M
EIX icon
174
Edison International
EIX
$28.2B
– –
-2,580,141
Closed -$131M
ETWO
175
DELISTED
E2open Parent Holdings
ETWO
– –
-1,575,000
Closed -$16.4M
5 6
7
8 9

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Fir Tree Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Fir Tree Capital Management held 224 positions worth $2.06B, up 3.9% from $1.98B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Fir Tree Capital Management withdrew a net $271M in Q4 2020, closing 57 positions and reducing 19 holdings. Its most notable exit was Edison International, an estimated $131M position sold in full.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 15% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in AbbVie worth $67.3M.

  • Fir Tree Capital Management's largest Q4 2020 buy was AbbVie: 628,229 shares worth $67.3M.
  • Fir Tree Capital Management added most to Lamar Advertising Co in Q4 2020, an estimated $29.7M increase.
  • Fir Tree Capital Management's biggest Q4 2020 reduction was SLM Corp, cutting an estimated $56.8M.
  • Fir Tree Capital Management fully exited Edison International in Q4 2020, selling an estimated $131M.
  • Fir Tree Capital Management's ten largest holdings make up 36% of its $2.06B portfolio in Q4 2020.
  • Fir Tree Capital Management opened 110 new positions and closed 57 in Q4 2020.
  • Fir Tree Capital Management's portfolio value rose 3.9% quarter-over-quarter to $2.06B.

Based on Fir Tree Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.