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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
+1.53%
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
$957M
AUM Growth
-$117M
Cap. Flow
-$152M
Cap. Flow %
-15.87%
Top 10 Hldgs %
22.76%
Holding
291
New
34
Increased
58
Reduced
63
Closed
69

Top Buys

Rank Stock Value
1
ODP
ODP
ODP
+$19.4M
2
PCG icon
PG&E
PCG
+$13.7M
3
FLD
Fold Holdings
FLD
+$10.4M
4
MNTN
Everest Consolidator Acquisition Corporation
MNTN
+$10.4M
5
PEGR
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
+$7.91M

Top Sells

Rank Stock Value
1
SPB icon
Spectrum Brands
SPB
+$21.5M
2
PSQH icon
PSQ Holdings
PSQH
+$15.9M
3
ATVI
Activision Blizzard
ATVI
+$14.8M
4
ARTE
Artemis Strategic Investment Corporation Class A Common Stock
ARTE
+$14M
5
MBSC
M3-Brigade Acquisition III Corp.
MBSC
+$10.2M

Sector Composition

Rank Sector Weight
1 Financials 55.97%
2 Technology 10.02%
3 Industrials 8.01%
4 Materials 4.01%
5 Consumer Discretionary 3.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RFAC
176
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
$1.49M 0.16%
139,876
+49,058
+54% +$519K
DIST
177
DELISTED
Distoken Acquisition Corp
DIST
$1.39M 0.15%
131,800
-18,200
-12% -$190K
PLTN
178
DELISTED
Plutonian Acquisition Corp. Common Stock
PLTN
$1.36M 0.14%
128,700
-16,300
-11% -$171K
JWSM
179
DELISTED
Jaws Mustang Acquisition Corp.
JWSM
$1.34M 0.14%
124,573
+17,696
+17% +$190K
CURR
180
Currenc Group
CURR
$390M
$1.3M 0.14%
118,005
+21,410
+22% +$234K
SOAR icon
181
Volato Group
SOAR
$7.24M
$1.29M 0.14%
4,814
– –
KVAC icon
182
Keen Vision Acquisition Corp
KVAC
$63.4M
$1.27M 0.13%
+125,000
New +$1.27M
ATMC
183
DELISTED
AlphaTime Acquisition Corp
ATMC
$1.27M 0.13%
120,500
-19,500
-14% -$204K
ESHA
184
DELISTED
ESH Acquisition Corp
ESHA
$1.26M 0.13%
+125,000
New +$1.26M
GBBK
185
DELISTED
Global Blockchain Acquisition Corp. Common Stock
GBBK
$1.26M 0.13%
120,000
-370,328
-76% -$3.87M
KYCH
186
DELISTED
Keyarch Acquisition Corporation Ordinary Shares
KYCH
$1.26M 0.13%
118,300
-68,800
-37% -$726K
NSTB
187
DELISTED
Northern Star Investment Corp. II
NSTB
$1.23M 0.13%
120,391
– –
ITAQ
188
DELISTED
Industrial Tech Acquisitions II, Inc. Class A Common Stock
ITAQ
$1.17M 0.12%
111,719
-8,281
-7% -$88.4K
EONR
189
EON Resources
EONR
$25.3M
$1.15M 0.12%
105,376
– –
PPYA
190
DELISTED
Papaya Growth Opportunity Corp. I Class A Common Stock
PPYA
$1.07M 0.11%
100,000
-407,400
-80% -$4.34M
FORL
191
DELISTED
Four Leaf Acquisition Corp
FORL
$1.05M 0.11%
100,000
– –
SEDA
192
DELISTED
SDCL EDGE Acquisition Corporation
SEDA
$999K 0.1%
94,226
– –
BOWN
193
DELISTED
Bowen Acquisition Corp
BOWN
$919K 0.1%
+90,000
New +$913K
OAKU
194
DELISTED
Oak Woods Acquisition Corp
OAKU
$888K 0.09%
85,000
– –
TMTC
195
DELISTED
TMT Acquisition Corp Ordinary Shares
TMTC
$887K 0.09%
85,000
+25,000
+42% +$259K
OSRH
196
OSR Health
OSRH
$15.7M
$830K 0.09%
79,400
-20,600
-21% -$213K
ALOR
197
DELISTED
ALSP Orchid Acquisition Corp I
ALOR
$825K 0.09%
75,029
– –
RENE
198
DELISTED
Cartesian Growth Corp II
RENE
$808K 0.08%
74,791
-5,209
-7% -$55.9K
BACA
199
DELISTED
Berenson Acquisition Corp. I
BACA
$714K 0.07%
69,598
-106,103
-60% -$1.09M
MARX
200
DELISTED
Mars Acquisition Corp. Ordinary Shares
MARX
$667K 0.07%
63,500
-11,500
-15% -$120K
6 7
8
9 10

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Fir Tree Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Fir Tree Capital Management held 291 positions worth $957M, down 11% from $1.07B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Fir Tree Capital Management withdrew a net $152M in Q3 2023, closing 69 positions and reducing 63 holdings. Its most notable exit was Spectrum Brands, an estimated $21.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 56% of assets, down from 58% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in ODP worth $18.6M.

  • Fir Tree Capital Management's largest Q3 2023 buy was ODP: 403,687 shares worth $18.6M.
  • Fir Tree Capital Management added most to PG&E in Q3 2023, an estimated $13.7M increase.
  • Fir Tree Capital Management's biggest Q3 2023 reduction was Artemis Strategic Investment Corporation Class A Common Stock, cutting an estimated $14M.
  • Fir Tree Capital Management fully exited Spectrum Brands in Q3 2023, selling an estimated $21.5M.
  • Fir Tree Capital Management's ten largest holdings make up 23% of its $957M portfolio in Q3 2023.
  • Fir Tree Capital Management opened 34 new positions and closed 69 in Q3 2023.
  • Fir Tree Capital Management's portfolio value fell 11% quarter-over-quarter to $957M.

Based on Fir Tree Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.