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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
+1.76%
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
$1.07B
AUM Growth
-$184M
Cap. Flow
-$230M
Cap. Flow %
-21.37%
Top 10 Hldgs %
20.26%
Holding
328
New
45
Increased
47
Reduced
85
Closed
71

Top Buys

Rank Stock Value
1
VYX icon
NCR Voyix
VYX
+$22.3M
2
PCG icon
PG&E
PCG
+$16.1M
3
EVGR
Evergreen Corporation Class A Ordinary Share
EVGR
+$8.62M
4
SBXC
SilverBox Corp III
SBXC
+$8.06M
5
IPXXU
Inflection Point Acquisition Corp. II Unit
IPXXU
+$7.58M

Top Sells

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$22.6M
2
PNTM
Pontem Corporation
PNTM
+$20M
3
TRAQ
Trine II Acquisition Corp.
TRAQ
+$18.2M
4
MTAL
Metals Acquisition
MTAL
+$16M
5
RBA icon
RB Global
RBA
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 57.68%
2 Technology 13.7%
3 Industrials 6.62%
4 Healthcare 3.14%
5 Consumer Staples 2.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVII
176
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$2.01M 0.19%
194,602
-93,790
-33% -$958K
AOGO
177
DELISTED
Arogo Capital Acquisition Corp. Class A Common Stock
AOGO
$2M 0.19%
190,237
-138,334
-42% -$1.45M
AEON icon
178
AEON Biopharma
AEON
$10.7M
$2M 0.19%
2,778
– –
HWH icon
179
HWH International
HWH
$10.9M
$1.96M 0.18%
37,793
+7,793
+26% +$404K
KYCH
180
DELISTED
Keyarch Acquisition Corporation Ordinary Shares
KYCH
$1.96M 0.18%
187,100
-5,800
-3% -$60.3K
BWAQ
181
DELISTED
Blue World Acquisition Corporation Class A Ordinary Shares
BWAQ
$1.95M 0.18%
+183,708
New +$1.94M
KCGI
182
DELISTED
Kensington Capital Acquisition Corp. V
KCGI
$1.85M 0.17%
+175,000
New +$1.84M
ISRL
183
DELISTED
Israel Acquisitions Corp
ISRL
$1.82M 0.17%
175,000
– –
BACA
184
DELISTED
Berenson Acquisition Corp. I
BACA
$1.8M 0.17%
175,701
-200,484
-53% -$2.05M
DALS
185
DELISTED
DA32 Life Science Tech Acquisition Corp. Class A Common Stock
DALS
$1.78M 0.17%
173,034
-2,048
-1% -$20.9K
IVCB
186
DELISTED
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
$1.68M 0.16%
157,446
– –
NCAC
187
DELISTED
Newcourt Acquisition Corp Class A Ordinary Share
NCAC
$1.59M 0.15%
145,300
– –
EAC
188
DELISTED
Edify Acquisition Corp. Class A Common Stock
EAC
$1.57M 0.15%
148,001
– –
DIST
189
DELISTED
Distoken Acquisition Corp
DIST
$1.55M 0.14%
150,000
– –
BLEU
190
DELISTED
bleuacacia ltd Class A Ordinary Shares
BLEU
$1.54M 0.14%
150,000
-303,600
-67% -$3.12M
TWCB
191
DELISTED
Bilander Acquisition Corp. Class A Common Stock
TWCB
$1.53M 0.14%
150,539
-46,861
-24% -$474K
FMIV
192
DELISTED
Forum Merger IV Corporation Class A Common stock
FMIV
$1.52M 0.14%
148,623
+82,490
+125% +$843K
HOVR icon
193
New Horizon Aircraft
HOVR
$106M
$1.51M 0.14%
+145,000
New +$1.49M
PLTN
194
DELISTED
Plutonian Acquisition Corp. Common Stock
PLTN
$1.51M 0.14%
145,000
– –
ATMC
195
DELISTED
AlphaTime Acquisition Corp
ATMC
$1.45M 0.14%
140,000
– –
CORS
196
DELISTED
Corsair Partnering Corporation
CORS
$1.44M 0.13%
139,197
-32,631
-19% -$336K
LQD icon
197
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$1.35M 0.13%
12,500
– –
AONC
198
DELISTED
American Oncology Network, Inc. Class A Common Stock
AONC
$1.29M 0.12%
125,000
– –
CHEA
199
DELISTED
Chenghe Acquisition Co. Class A Ordinary Share
CHEA
$1.29M 0.12%
+120,501
New +$1.28M
SOAR icon
200
Volato Group
SOAR
$6.82M
$1.27M 0.12%
4,814
-5,050
-51% -$1.32M
6 7
8
9 10

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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 Q2 2023 Portfolio in Review

As of Q2 2023, Fir Tree Capital Management held 328 positions worth $1.07B, down 15% from $1.26B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Fir Tree Capital Management withdrew a net $230M in Q2 2023, closing 71 positions and reducing 85 holdings. Its most notable exit was Pontem Corporation, an estimated $20M position sold in full.

By sector, the portfolio is most concentrated in Financials at 58% of assets, down from 65% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in NCR Voyix worth $23.9M.

  • Fir Tree Capital Management's largest Q2 2023 buy was NCR Voyix: 1,548,500 shares worth $23.9M.
  • Fir Tree Capital Management added most to SunPower Inc in Q2 2023, an estimated $7.44M increase.
  • Fir Tree Capital Management's biggest Q2 2023 reduction was VMware, Inc, cutting an estimated $22.6M.
  • Fir Tree Capital Management fully exited Pontem Corporation in Q2 2023, selling an estimated $20M.
  • Fir Tree Capital Management's ten largest holdings make up 20% of its $1.07B portfolio in Q2 2023.
  • Fir Tree Capital Management opened 45 new positions and closed 71 in Q2 2023.
  • Fir Tree Capital Management's portfolio value fell 15% quarter-over-quarter to $1.07B.

Based on Fir Tree Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.