We are live on
!
Find out more
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
-2.1%
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
$2.64B
AUM Growth
-$2.99B
(-53%)
Cap. Flow
-$2.7B
Cap. Flow
% of AUM
-102.19%
Top 10 Holdings %
Top 10 Hldgs %
71.29%
Holding
83
New
16
Increased
–
Reduced
19
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$158M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$114M |
| 3 |
Pfizer
PFE
|
+$30.5M |
| 4 |
WillScot Mobile Mini Holdings
WSC
|
+$19.2M |
| 5 |
CLAC
Capitol Acquisition Corp. III
CLAC
|
+$9.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCA Healthcare
HCA
|
+$244M |
| 2 |
AGN
Allergan plc
AGN
|
+$179M |
| 3 |
MetLife
MET
|
+$178M |
| 4 |
Molson Coors Class B
TAP
|
+$171M |
| 5 |
MON
Monsanto Co
MON
|
+$159M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 27.56% |
| 2 | Industrials | 19.87% |
| 3 | Energy | 10.8% |
| 4 | Real Estate | 8.62% |
| 5 | Consumer Discretionary | 7.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CDK
1
DELISTED
CDK Global, Inc.
CDK
| $349M | 13.22% |
7,498,208
-2,243,811
| -23% | -$99.9M |
|
|
YHOO
2
DELISTED
Yahoo Inc
YHOO
| $248M | 9.4% |
6,743,440
-3,205,019
| -32% | -$100M |
|
3
Equinix
EQIX
$102B
| $228M | 8.62% |
688,201
-38,644
| -5% | -$11.8M |
|
4
Teva Pharmaceuticals
TEVA
$36.9B
| $198M | 7.48% |
3,691,929
-576,365
| -14% | -$33.8M |
|
5
Advance Auto Parts
AAP
$3.54B
| $173M | 6.53% |
1,076,248
-258,232
| -19% | -$38.8M |
|
|
EMC
6
DELISTED
EMC CORPORATION
EMC
| $166M | 6.3% |
+6,244,060
| New | +$158M |
|
|
IPG
7
DELISTED
Interpublic Group of Companies
IPG
| $162M | 6.12% |
7,047,813
-6,664,624
| -49% | -$144M |
|
|
AGN
8
DELISTED
Allergan plc
AGN
| $133M | 5.04% |
496,994
-626,561
| -56% | -$179M |
|
|
WBA
9
DELISTED
Walgreens Boots Alliance
WBA
| $121M | 4.57% |
+1,432,511
| New | +$114M |
|
|
10
HCA Healthcare
HCA
$92.8B
| $106M | 4.01% |
1,355,422
-3,489,795
| -72% | -$244M |
|
11
Cigna
CI
$79.6B
| $98.4M | 3.73% |
717,027
-126,314
| -15% | -$17.3M |
|
12
Herc Holdings
HRI
$4.95B
| $81.9M | 3.1% |
2,592,236
-3,181,750
| -55% | -$93.5M |
|
|
NXEO
13
DELISTED
Nexeo Solutions, Inc. Common Stock
NXEO
| $48.9M | 1.85% |
4,874,144
-75,000
| -2% | -$749K |
|
|
SC
14
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $48.6M | 1.84% |
4,635,065
-3,393,791
| -42% | -$37.3M |
|
15
Avis
CAR
$5.88B
| $46M | 1.74% |
1,679,549
-4,501,960
| -73% | -$123M |
|
16
Viatris
VTRS
$20.8B
| $42.1M | 1.59% |
908,741
| – | – |
|
|
17
Pfizer
PFE
$144B
| $30M | 1.14% |
+1,067,913
| New | +$30.5M |
|
|
AGN
18
CALL
DELISTED
Allergan plc
AGN
| $26.8M | 1.01% |
+100,000
| New | +$28.6M |
|
|
AUMA
19
DELISTED
AR CAPITAL ACQUISITION CORP COMMON STOCK
AUMA
| $25.6M | 0.97% |
2,600,000
| – | – |
|
|
XELA
20
DELISTED
Exela Technologies, Inc. Common Stock
XELA
| $25.5M | 0.97% |
218
| – | – |
|
21
Williams Companies
WMB
$85.8B
| $22M | 0.83% |
1,369,000
-8,913,978
| -87% | -$153M |
|
22
Cadence Design Systems
CDNS
$95.1B
| $20.6M | 0.78% |
874,754
-2,748,417
| -76% | -$57.6M |
|
|
OSG
23
Octave Specialty Group
OSG
$261M
| $19.6M | 0.74% |
1,241,724
-636,230
| -34% | -$9.2M |
|
|
PACE
24
DELISTED
Pace Holdings Corp. Class A Ordinary Shares
PACE
| $19.6M | 0.74% |
2,000,000
| – | – |
|
|
TWNK
25
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $19.5M | 0.74% |
2,000,000
| – | – |
|
Similar funds
CSD
AVM
PC
WHP
ADIM
CAWM
AI
CP
Fir Tree Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Fir Tree Capital Management held 83 positions worth $2.64B, down 53% from $5.63B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Fir Tree Capital Management withdrew a net $2.7B in Q1 2016, closing 24 positions and reducing 19 holdings. Its most notable exit was MetLife, an estimated $178M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 28% of assets, up from 22% a quarter earlier, followed by Industrials and Energy.
Against the trend, Fir Tree Capital Management opened a new position in EMC CORPORATION worth $166M.
- Fir Tree Capital Management's largest Q1 2016 buy was EMC CORPORATION: 6,244,060 shares worth $166M.
- Fir Tree Capital Management's biggest Q1 2016 reduction was HCA Healthcare, cutting an estimated $244M.
- Fir Tree Capital Management fully exited MetLife in Q1 2016, selling an estimated $178M.
- Fir Tree Capital Management's ten largest holdings make up 71% of its $2.64B portfolio in Q1 2016.
- Fir Tree Capital Management opened 16 new positions and closed 24 in Q1 2016.
- Fir Tree Capital Management's portfolio value fell 53% quarter-over-quarter to $2.64B.
Based on Fir Tree Capital Management's 13F filing for Q1 2016, filed 16 May 2016.