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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
ECDA
151
DELISTED
ECD Automotive Design
ECDA
– –
-1,299
Closed -$2.74M
FLYX icon
152
flyExclusive
FLYX
$60.1M
– –
-400,000
Closed -$4.26M
HYAC.WS
153
DELISTED
Haymaker Acquisition Corp 4 Warrants
HYAC.WS
– –
-25,000
Closed -$7.25K
IVCA
154
DELISTED
Investcorp India Acquisition Corp
IVCA
– –
-632,508
Closed -$6.85M
LDTC
155
DELISTED
LeddarTech
LDTC
– –
-400,000
Closed -$2.15M
ONMD icon
156
OneMedNet
ONMD
$41M
– –
-160,000
Closed -$1.82M
OPTX icon
157
Syntec Optics
OPTX
$263M
– –
-303,461
Closed -$3.22M
PCG icon
158
PG&E
PCG
$38.3B
– –
-1,750,000
Closed -$28.2M
QQQ icon
159
PUT
Invesco QQQ Trust
QQQ
$453B
– –
-45,000
Closed -$16.1M
SOAR icon
160
Volato Group
SOAR
$7.24M
– –
-4,814
Closed -$1.29M
VYX icon
161
NCR Voyix
VYX
$1.14B
– –
-1,344,750
Closed -$22.3M
ZCAR
162
DELISTED
Zoomcar
ZCAR
– –
-114
Closed -$2.55M
STI icon
163
Solidion Technology
STI
$53.5M
– –
-7,330
Closed -$3.97M
DHAI
164
DELISTED
DIH Holdings US
DHAI
– –
-12,912
Closed -$3.5M
ZEO
165
Zeo Energy
ZEO
$17.7M
– –
-48,370
Closed -$540K
BSLK
166
DELISTED
Bolt Projects Holdings
BSLK
– –
-30,610
Closed -$6.47M
CURR
167
Currenc Group
CURR
$390M
– –
-118,005
Closed -$1.3M
EONR
168
EON Resources
EONR
$25.3M
– –
-105,376
Closed -$1.15M
GRML
169
Greenland Mines Ltd
GRML
$29.2M
– –
-751,309
Closed -$8.02M
YOTA
170
DELISTED
Yotta Acquisition Corporation Common Stock
YOTA
– –
-227,420
Closed -$2.37M
AIEV
171
DELISTED
Thunder Power Holdings, Inc. Common Stock
AIEV
– –
-450,000
Closed -$4.81M
PLAO
172
DELISTED
Patria Latin American Opportunity Acquisition Corp. Class A Ordinary Shares
PLAO
– –
-859,102
Closed -$9.44M
PNST
173
DELISTED
Pinstripes Holdings, Inc.
PNST
– –
-400,000
Closed -$4.21M
RFAC
174
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
– –
-139,876
Closed -$1.49M
EVGR
175
DELISTED
Evergreen Corporation Class A Ordinary Share
EVGR
– –
-530,001
Closed -$5.81M
5 6
7
8 9

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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.