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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
-4.21%
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
$8.91B
AUM Growth
-$317M
Cap. Flow
+$133M
Cap. Flow %
1.49%
Top 10 Hldgs %
37.72%
Holding
96
New
18
Increased
11
Reduced
20
Closed
10

Top Buys

Rank Stock Value
1
IPG
Interpublic Group of Companies
IPG
+$218M
2
ROC
ROCKWOOD HLDGS INC
ROC
+$196M
3
SUNE
SUNEDISON, INC COM
SUNE
+$163M
4
BHC icon
Bausch Health
BHC
+$158M
5
MR
Montage Resources Corporation Common Stock
MR
+$154M

Top Sells

Rank Stock Value
1
AON icon
Aon
AON
+$300M
2
YHOO
Yahoo Inc
YHOO
+$261M
3
MET icon
MetLife
MET
+$210M
4
AMAT icon
Applied Materials
AMAT
+$134M
5
EBAY icon
eBay
EBAY
+$99.8M

Sector Composition

Rank Sector Weight
1 Real Estate 15.33%
2 Energy 14.63%
3 Technology 10.59%
4 Healthcare 10.05%
5 Materials 9.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HRI icon
1
Herc Holdings
HRI
$4.95B
$457M 5.13%
6,003,070
+1,395,223
+30% +$119M
EQIX icon
2
Equinix
EQIX
$102B
$433M 4.86%
2,036,894
-141,200
-6% -$30.3M
NE
3
DELISTED
Noble Corporation
NE
$335M 3.76%
15,072,283
-1,411,937
-9% -$38.1M
EBAY icon
4
eBay
EBAY
$52.1B
$326M 3.66%
13,672,162
-4,485,943
-25% -$99.8M
APC
5
DELISTED
Anadarko Petroleum
APC
$324M 3.63%
3,192,000
– –
BP icon
6
BP
BP
$107B
$318M 3.56%
8,832,512
+3,734,490
+73% +$148M
GLD icon
7
CALL
SPDR Gold Trust
GLD
$131B
$304M 3.42%
2,620,000
– –
WMB icon
8
Williams Companies
WMB
$85.8B
$300M 3.37%
5,423,332
+817,092
+18% +$46.9M
APD icon
9
Air Products & Chemicals
APD
$65.2B
$290M 3.26%
2,410,918
– –
HES
10
DELISTED
Hess
HES
$274M 3.07%
2,902,853
– –
ESRX
11
DELISTED
Express Scripts Holding Company
ESRX
$262M 2.94%
3,705,441
-990,000
-21% -$70.5M
NOK icon
12
Nokia
NOK
$49.9B
$256M 2.88%
30,318,916
-3,514,000
-10% -$28.3M
MON
13
DELISTED
Monsanto Co
MON
$242M 2.72%
2,154,200
+573,900
+36% +$67.1M
EQT icon
14
EQT Corp
EQT
$32.3B
$236M 2.65%
4,742,983
-278,043
-6% -$14.7M
CCI icon
15
Crown Castle
CCI
$33.1B
$228M 2.56%
2,834,884
-550,500
-16% -$42.5M
SC
16
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
$228M 2.56%
12,809,633
+2,809,633
+28% +$53.1M
SUNE
17
DELISTED
SUNEDISON, INC COM
SUNE
$223M 2.51%
11,836,138
+7,619,034
+181% +$163M
TEVA icon
18
Teva Pharmaceuticals
TEVA
$36.9B
$206M 2.31%
3,837,023
+1,191,300
+45% +$63.1M
IPG
19
DELISTED
Interpublic Group of Companies
IPG
$206M 2.31%
+11,250,000
New +$218M
APC
20
CALL
DELISTED
Anadarko Petroleum
APC
$203M 2.28%
+2,000,000
New +$216M
LAMR icon
21
Lamar Advertising Co
LAMR
$16.5B
$195M 2.18%
3,949,427
– –
ROC
22
DELISTED
ROCKWOOD HLDGS INC
ROC
$188M 2.11%
+2,453,372
New +$196M
MSI icon
23
Motorola Solutions
MSI
$73.1B
$184M 2.07%
2,907,990
– –
GPOR
24
DELISTED
Gulfport Energy Corp.
GPOR
$183M 2.05%
3,423,080
-675,508
-16% -$38.8M
ACAS
25
DELISTED
American Capital Ltd
ACAS
$174M 1.95%
12,281,658
+1,000,000
+9% +$15.3M
1
2 3 4

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Fir Tree Capital Management's Q3 2014 Portfolio in Review

As of Q3 2014, Fir Tree Capital Management held 96 positions worth $8.91B, down 3.4% from $9.23B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Fir Tree Capital Management's Q3 2014 filing shows 18 new, 11 increased, 20 reduced and 10 closed positions. Its largest new stake was Interpublic Group of Companies: 11,250,000 shares worth $206M. The largest sale was Aon, an estimated $300M.

By sector, the portfolio is most concentrated in Real Estate at 15% of assets, down from 18% a quarter earlier, followed by Energy and Technology.

  • Fir Tree Capital Management's largest Q3 2014 buy was Interpublic Group of Companies: 11,250,000 shares worth $206M.
  • Fir Tree Capital Management added most to SUNEDISON, INC COM in Q3 2014, an estimated $163M increase.
  • Fir Tree Capital Management's biggest Q3 2014 reduction was MetLife, cutting an estimated $210M.
  • Fir Tree Capital Management fully exited Aon in Q3 2014, selling an estimated $300M.
  • Fir Tree Capital Management's ten largest holdings make up 38% of its $8.91B portfolio in Q3 2014.
  • Fir Tree Capital Management opened 18 new positions and closed 10 in Q3 2014.
  • Fir Tree Capital Management's portfolio value fell 3.4% quarter-over-quarter to $8.91B.

Based on Fir Tree Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.