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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
+5.3%
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
$7.32B
AUM Growth
+$81.4M
(+1.1%)
Cap. Flow
+$128M
Cap. Flow
% of AUM
1.75%
Top 10 Holdings %
Top 10 Hldgs %
48.87%
Holding
118
New
52
Increased
18
Reduced
17
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crown Castle
CCI
|
+$257M |
| 2 |
Equinix
EQIX
|
+$163M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
| 4 |
EQT Corp
EQT
|
+$124M |
| 5 |
EXXI
ENERGY XXI LTD COM SHS
EXXI
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Motorola Solutions
MSI
|
+$169M |
| 2 |
Qualcomm
QCOM
|
+$157M |
| 3 |
Williams Companies
WMB
|
+$127M |
| 4 |
Cognizant
CTSH
|
+$123M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$60.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 20.28% |
| 2 | Financials | 13.78% |
| 3 | Energy | 10.93% |
| 4 | Technology | 10.45% |
| 5 | Healthcare | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Equinix
EQIX
$102B
| $678M | 9.26% |
3,690,140
+897,067
| +32% | +$163M |
|
|
NE
2
DELISTED
Noble Corporation
NE
| $451M | 6.16% |
13,662,439
+925,003
| +7% | +$31.4M |
|
3
Aon
AON
$81.4B
| $418M | 5.71% |
5,609,803
-708,300
| -11% | -$48.6M |
|
|
ESRX
4
DELISTED
Express Scripts Holding Company
ESRX
| $390M | 5.33% |
6,310,808
+2,410,615
| +62% | +$156M |
|
|
5
Motorola Solutions
MSI
$73.1B
| $304M | 4.16% |
5,120,700
-2,930,000
| -36% | -$169M |
|
|
6
Williams Companies
WMB
$85.8B
| $273M | 3.74% |
7,516,921
-3,614,608
| -32% | -$127M |
|
7
MetLife
MET
$62.7B
| $273M | 3.73% |
6,521,064
+437,580
| +7% | +$18.9M |
|
|
8
Qualcomm
QCOM
$172B
| $264M | 3.61% |
3,927,800
-2,400,000
| -38% | -$157M |
|
|
9
Crown Castle
CCI
$33.1B
| $263M | 3.59% |
+3,599,484
| New | +$257M |
|
|
HES
10
DELISTED
Hess
HES
| $262M | 3.58% |
3,389,149
-727,151
| -18% | -$54.2M |
|
|
YHOO
11
CALL
DELISTED
Yahoo Inc
YHOO
| $255M | 3.49% |
7,700,000
+2,700,000
| +54% | +$76.3M |
|
12
Cigna
CI
$79.6B
| $225M | 3.07% |
2,927,128
+668,627
| +30% | +$52.2M |
|
13
Lamar Advertising Co
LAMR
$16.5B
| $192M | 2.62% |
4,075,703
+1,812,885
| +80% | +$79.9M |
|
|
AET
14
DELISTED
Aetna Inc
AET
| $166M | 2.27% |
2,589,347
+342,504
| +15% | +$22M |
|
15
Apple
AAPL
$4.99T
| $146M | 2% |
8,573,320
+1,100,400
| +15% | +$18.2M |
|
|
16
CALL
Qualcomm
QCOM
$172B
| $135M | 1.84% |
+2,000,000
| New | +$131M |
|
|
17
EQT Corp
EQT
$32.3B
| $129M | 1.76% |
+2,671,149
| New | +$124M |
|
18
Herc Holdings
HRI
$4.95B
| $116M | 1.59% |
1,750,000
-461,143
| -21% | -$35.4M |
|
|
EXXI
19
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $116M | 1.59% |
+3,840,688
| New | +$103M |
|
|
FCE.A
20
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $115M | 1.58% |
6,088,409
+293,409
| +5% | +$5.33M |
|
|
PPLI
21
People Inc
PPLI
$3.13B
| $107M | 1.47% |
11,002,250
+2,609,139
| +31% | +$23.8M |
|
|
GMCR
22
PUT
DELISTED
KEURIG GREEN MTN INC
GMCR
| $98.3M | 1.34% |
1,305,000
+1,000,000
| +328% | +$78.9M |
|
23
Alphabet (Google) Class C
GOOG
$4.07T
| $98M | 1.34% |
4,492,777
| – | – |
|
24
Marriott Vacations Worldwide
VAC
$3.52B
| $92.6M | 1.27% |
2,104,901
+457,782
| +28% | +$20.4M |
|
25
CALL
iShares US Real Estate ETF
IYR
$4.76B
| $87.7M | 1.2% |
+1,376,000
| New | +$89.9M |
|
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Fir Tree Capital Management's Q3 2013 Portfolio in Review
As of Q3 2013, Fir Tree Capital Management held 118 positions worth $7.32B, up 1.1% from $7.24B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Fir Tree Capital Management's Q3 2013 filing shows 52 new, 18 increased, 17 reduced and 13 closed positions. Its largest new stake was Crown Castle: 3,599,484 shares worth $263M. The largest sale was Motorola Solutions, an estimated $169M.
By sector, the portfolio is most concentrated in Real Estate at 20% of assets, up from 12% a quarter earlier, followed by Financials and Energy.
- Fir Tree Capital Management's largest Q3 2013 buy was Crown Castle: 3,599,484 shares worth $263M.
- Fir Tree Capital Management added most to Equinix in Q3 2013, an estimated $163M increase.
- Fir Tree Capital Management's biggest Q3 2013 reduction was Motorola Solutions, cutting an estimated $169M.
- Fir Tree Capital Management fully exited Global Payments in Q3 2013, selling an estimated $17.5M.
- Fir Tree Capital Management's ten largest holdings make up 49% of its $7.32B portfolio in Q3 2013.
- Fir Tree Capital Management opened 52 new positions and closed 13 in Q3 2013.
- Fir Tree Capital Management's portfolio value rose 1.1% quarter-over-quarter to $7.32B.
Based on Fir Tree Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.