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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
+5.47%
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
$9.23B
AUM Growth
+$301M
Cap. Flow
-$28.1M
Cap. Flow %
-0.3%
Top 10 Hldgs %
39.72%
Holding
85
New
12
Increased
9
Reduced
23
Closed
7

Top Buys

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$396M
2
YHOO
Yahoo Inc
YHOO
+$237M
3
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
+$213M
4
VLO icon
Valero Energy
VLO
+$171M
5
AMAT icon
Applied Materials
AMAT
+$121M

Top Sells

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$142M
2
CCI icon
Crown Castle
CCI
+$140M
3
CI icon
Cigna
CI
+$124M
4
C icon
Citigroup
C
+$110M
5
AGO icon
Assured Guaranty
AGO
+$106M

Sector Composition

Rank Sector Weight
1 Real Estate 17.73%
2 Energy 17.2%
3 Financials 13.24%
4 Technology 9.93%
5 Healthcare 7.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NE
1
DELISTED
Noble Corporation
NE
$484M 5.24%
16,484,220
-2,856,451
-15% -$78.5M
EQIX icon
2
Equinix
EQIX
$102B
$458M 4.96%
2,178,094
-241,642
-10% -$46.6M
HRI icon
3
Herc Holdings
HRI
$4.95B
$387M 4.2%
4,607,847
– –
EBAY icon
4
eBay
EBAY
$52.1B
$383M 4.15%
+18,158,105
New +$396M
MET icon
5
MetLife
MET
$62.7B
$351M 3.8%
7,086,571
-1,494,846
-17% -$70M
APC
6
DELISTED
Anadarko Petroleum
APC
$349M 3.79%
3,192,000
– –
GLD icon
7
CALL
SPDR Gold Trust
GLD
$131B
$335M 3.64%
2,620,000
– –
ESRX
8
DELISTED
Express Scripts Holding Company
ESRX
$326M 3.53%
4,695,441
– –
AON icon
9
Aon
AON
$81.4B
$300M 3.26%
3,334,636
-954,000
-22% -$82.6M
EQT icon
10
EQT Corp
EQT
$32.3B
$292M 3.17%
5,021,026
-646,349
-11% -$37.1M
HES
11
DELISTED
Hess
HES
$287M 3.11%
2,902,853
-1,046,800
-27% -$94.5M
APD icon
12
Air Products & Chemicals
APD
$65.2B
$287M 3.11%
2,410,918
+220,633
+10% +$24.6M
WMB icon
13
Williams Companies
WMB
$85.8B
$268M 2.91%
4,606,240
-1,050,681
-19% -$48.7M
YHOO
14
DELISTED
Yahoo Inc
YHOO
$261M 2.83%
7,422,000
+6,794,000
+1,082% +$237M
GPOR
15
DELISTED
Gulfport Energy Corp.
GPOR
$257M 2.79%
4,098,588
+295,308
+8% +$19.8M
NOK icon
16
Nokia
NOK
$49.9B
$256M 2.77%
33,832,916
-4,298,684
-11% -$32.7M
CCI icon
17
Crown Castle
CCI
$33.1B
$251M 2.72%
3,385,384
-1,862,380
-35% -$140M
BP icon
18
BP
BP
$107B
$220M 2.38%
5,098,022
+574,598
+13% +$23.7M
LAMR icon
19
Lamar Advertising Co
LAMR
$16.5B
$209M 2.27%
3,949,427
– –
MON
20
DELISTED
Monsanto Co
MON
$197M 2.14%
1,580,300
+433,300
+38% +$50.7M
SC
21
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
$194M 2.11%
+10,000,000
New +$213M
MSI icon
22
Motorola Solutions
MSI
$73.1B
$194M 2.1%
2,907,990
– –
ACAS
23
DELISTED
American Capital Ltd
ACAS
$172M 1.87%
11,281,658
+2,027,244
+22% +$30.3M
VLO icon
24
Valero Energy
VLO
$88.7B
$155M 1.68%
+3,103,000
New +$171M
TEVA icon
25
Teva Pharmaceuticals
TEVA
$36.9B
$139M 1.5%
2,645,723
-4,413
-0.2% -$226K
1
2 3

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WHP
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Fir Tree Capital Management's Q2 2014 Portfolio in Review

As of Q2 2014, Fir Tree Capital Management held 85 positions worth $9.23B, up 3.4% from $8.93B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Fir Tree Capital Management's Q2 2014 filing shows 12 new, 9 increased, 23 reduced and 7 closed positions. Its largest new stake was eBay: 18,158,105 shares worth $383M. The largest sale was Qualcomm, an estimated $142M.

By sector, the portfolio is most concentrated in Real Estate at 18% of assets, down from 20% a quarter earlier, followed by Energy and Financials.

  • Fir Tree Capital Management's largest Q2 2014 buy was eBay: 18,158,105 shares worth $383M.
  • Fir Tree Capital Management added most to Yahoo Inc in Q2 2014, an estimated $237M increase.
  • Fir Tree Capital Management's biggest Q2 2014 reduction was Qualcomm, cutting an estimated $142M.
  • Fir Tree Capital Management fully exited American Airlines Group in Q2 2014, selling an estimated $12.8M.
  • Fir Tree Capital Management's ten largest holdings make up 40% of its $9.23B portfolio in Q2 2014.
  • Fir Tree Capital Management opened 12 new positions and closed 7 in Q2 2014.
  • Fir Tree Capital Management's portfolio value rose 3.4% quarter-over-quarter to $9.23B.

Based on Fir Tree Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.