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
+5.13%
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
$2.44B
AUM Growth
-$198M
(-7.5%)
Cap. Flow
-$292M
Cap. Flow
% of AUM
-11.96%
Top 10 Holdings %
Top 10 Hldgs %
73.14%
Holding
69
New
10
Increased
4
Reduced
15
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$90M |
| 2 |
Molson Coors Class B
TAP
|
+$84.5M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$57.8M |
| 4 |
Cigna
CI
|
+$51.9M |
| 5 |
MON
Monsanto Co
MON
|
+$34.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCA Healthcare
HCA
|
+$99.1M |
| 2 |
CDK
CDK Global, Inc.
CDK
|
+$92.9M |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$62M |
| 4 |
AGN
Allergan plc
AGN
|
+$50.2M |
| 5 |
Teva Pharmaceuticals
TEVA
|
+$49.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.07% |
| 2 | Industrials | 18.39% |
| 3 | Technology | 13.83% |
| 4 | Energy | 9.92% |
| 5 | Real Estate | 8.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CDK
1
DELISTED
CDK Global, Inc.
CDK
| $316M | 12.95% |
5,699,536
-1,798,672
| -24% | -$92.9M |
|
|
EMC
2
DELISTED
EMC CORPORATION
EMC
| $228M | 9.32% |
8,383,331
+2,139,271
| +34% | +$57.8M |
|
3
Equinix
EQIX
$102B
| $214M | 8.77% |
552,387
-135,814
| -20% | -$47.4M |
|
|
YHOO
4
DELISTED
Yahoo Inc
YHOO
| $190M | 7.79% |
5,063,688
-1,679,752
| -25% | -$62M |
|
5
Advance Auto Parts
AAP
$3.54B
| $185M | 7.56% |
1,142,582
+66,334
| +6% | +$10.2M |
|
|
IPG
6
DELISTED
Interpublic Group of Companies
IPG
| $147M | 6.02% |
6,371,286
-676,527
| -10% | -$15.9M |
|
|
7
Cigna
CI
$79.6B
| $142M | 5.82% |
1,110,000
+392,973
| +55% | +$51.9M |
|
|
8
Teva Pharmaceuticals
TEVA
$36.9B
| $138M | 5.67% |
2,755,773
-936,156
| -25% | -$49.8M |
|
|
WBA
9
DELISTED
Walgreens Boots Alliance
WBA
| $138M | 5.63% |
1,651,911
+219,400
| +15% | +$17.7M |
|
|
10
Microsoft
MSFT
$2.92T
| $88.6M | 3.63% |
+1,731,200
| New | +$90M |
|
|
11
Molson Coors Class B
TAP
$7.97B
| $86.9M | 3.56% |
+859,200
| New | +$84.5M |
|
12
Herc Holdings
HRI
$4.95B
| $84.7M | 3.47% |
2,551,085
-41,151
| -2% | -$1.18M |
|
|
AGN
13
DELISTED
Allergan plc
AGN
| $64.5M | 2.64% |
279,169
-217,825
| -44% | -$50.2M |
|
|
SC
14
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $37.8M | 1.55% |
3,657,200
-977,865
| -21% | -$11.3M |
|
|
MON
15
DELISTED
Monsanto Co
MON
| $36.1M | 1.48% |
+349,000
| New | +$34.6M |
|
|
AUMA
16
DELISTED
AR CAPITAL ACQUISITION CORP COMMON STOCK
AUMA
| $25.8M | 1.06% |
2,600,000
| – | – |
|
|
XELA
17
DELISTED
Exela Technologies, Inc. Common Stock
XELA
| $25.8M | 1.06% |
218
| – | – |
|
18
Cadence Design Systems
CDNS
$95.1B
| $21.3M | 0.87% |
874,754
| – | – |
|
|
CFCOU
19
DELISTED
CF Corporation
CFCOU
| $19.8M | 0.81% |
+2,000,000
| New | +$19.9M |
|
|
PACE
20
DELISTED
Pace Holdings Corp. Class A Ordinary Shares
PACE
| $19.7M | 0.81% |
2,000,000
| – | – |
|
21
WillScot Mobile Mini Holdings
WSC
$4.66B
| $19.6M | 0.8% |
2,000,000
| – | – |
|
|
TWNK
22
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $19.4M | 0.79% |
2,000,000
| – | – |
|
|
TRTL
23
DELISTED
Terrapin 3 Acquisition Corporation Class A
TRTL
| $18.2M | 0.75% |
1,831,500
| – | – |
|
|
EACQ
24
DELISTED
Easterly Acquisition Corp
EACQ
| $18.1M | 0.74% |
1,850,000
| – | – |
|
25
Williams Companies
WMB
$85.8B
| $17.5M | 0.72% |
810,011
-558,989
| -41% | -$11.2M |
|
Similar funds
CSD
AVM
PC
WHP
ADIM
CAWM
AI
CP
Fir Tree Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Fir Tree Capital Management held 69 positions worth $2.44B, down 7.5% from $2.64B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Fir Tree Capital Management withdrew a net $292M in Q2 2016, closing 10 positions and reducing 15 holdings. Its most notable exit was Nexeo Solutions, Inc. Common Stock, an estimated $48.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, down from 28% a quarter earlier, followed by Industrials and Technology.
Against the trend, Fir Tree Capital Management opened a new position in Microsoft worth $88.6M.
- Fir Tree Capital Management's largest Q2 2016 buy was Microsoft: 1,731,200 shares worth $88.6M.
- Fir Tree Capital Management added most to EMC CORPORATION in Q2 2016, an estimated $57.8M increase.
- Fir Tree Capital Management's biggest Q2 2016 reduction was HCA Healthcare, cutting an estimated $99.1M.
- Fir Tree Capital Management fully exited Nexeo Solutions, Inc. Common Stock in Q2 2016, selling an estimated $48.9M.
- Fir Tree Capital Management's ten largest holdings make up 73% of its $2.44B portfolio in Q2 2016.
- Fir Tree Capital Management opened 10 new positions and closed 10 in Q2 2016.
- Fir Tree Capital Management's portfolio value fell 7.5% quarter-over-quarter to $2.44B.
Based on Fir Tree Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.