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FTCM

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
CSTA
151
DELISTED
Constellation Acquisition Corp I
CSTA
$2.98M 0.24%
290,000
-345,800
-54% -$3.53M
TOAC
152
DELISTED
Talon 1 Acquisition Corp. Class A Ordinary Shares
TOAC
$2.93M 0.23%
277,472
-194,028
-41% -$2.03M
CVII
153
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$2.92M 0.23%
288,392
– –
ECDA
154
DELISTED
ECD Automotive Design
ECDA
$2.92M 0.23%
+1,434
New +$2.92M
FRLA
155
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$2.92M 0.23%
273,600
– –
SCAQ
156
DELISTED
Stratim Cloud Acquisition Corp. Class A Common Stock
SCAQ
$2.9M 0.23%
284,581
+39,106
+16% +$395K
TYGO icon
157
Tigo Energy
TYGO
$145M
$2.89M 0.23%
276,811
– –
HWKZ
158
DELISTED
Hawks Acquisition Corp
HWKZ
$2.86M 0.23%
281,582
– –
QFTA
159
DELISTED
Quantum FinTech Acquisition Corporation
QFTA
$2.73M 0.22%
266,702
+171,926
+181% +$1.75M
CSLM
160
DELISTED
CSLM Acquisition Corp. Class A Ordinary Share
CSLM
$2.7M 0.21%
260,958
+12,385
+5% +$127K
LFAC
161
DELISTED
LF Capital Acquisition Corp. II Class A Common Stock
LFAC
$2.68M 0.21%
255,062
+108,062
+74% +$1.12M
GBBK
162
DELISTED
Global Blockchain Acquisition Corp. Common Stock
GBBK
$2.68M 0.21%
260,328
+240,328
+1,202% +$2.45M
BNIX
163
DELISTED
Bannix Acquisition Corp. Common Stock
BNIX
$2.67M 0.21%
+257,474
New +$2.66M
GEEX
164
DELISTED
Games & Esports Experience Acquisition Corp. Class A Ordinary Shares
GEEX
$2.65M 0.21%
251,501
+101,009
+67% +$1.05M
CMCA
165
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
$2.63M 0.21%
+250,000
New +$2.59M
GRDI
166
DELISTED
GRIID Infrastructure Inc. Common Stock
GRDI
$2.58M 0.21%
250,000
– –
SOAR icon
167
Volato Group
SOAR
$7.24M
$2.57M 0.2%
9,864
+2,000
+25% +$515K
GMFI
168
DELISTED
Aetherium Acquisition Corp
GMFI
$2.5M 0.2%
+240,380
New +$2.48M
BPAC
169
DELISTED
Bullpen Parlay Acquisition Company Class A Ordinary Share
BPAC
$2.48M 0.2%
238,200
-54,400
-19% -$563K
GSQB
170
DELISTED
G Squared Ascend II Inc.
GSQB
$2.43M 0.19%
234,797
-165,203
-41% -$1.69M
BRAC
171
DELISTED
Broad Capital Acquisition Corp Common Stock
BRAC
$2.41M 0.19%
227,580
-23,762
-9% -$247K
PANA
172
DELISTED
Panacea Acquisition Corp. II Class A Ordinary Shares
PANA
$2.4M 0.19%
+235,598
New +$2.39M
SPWR icon
173
SunPower Inc
SPWR
$60.6M
$2.39M 0.19%
231,751
-47,049
-17% -$480K
GFX
174
DELISTED
Golden Falcon Acquisition Corp.
GFX
$2.33M 0.19%
230,000
– –
BIOS
175
DELISTED
BioPlus Acquisition Corp. Class A Ordinary Shares
BIOS
$2.32M 0.18%
222,600
-21,424
-9% -$222K
5 6
7
8 9

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CSD
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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 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.