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
-0.93%
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
$1.03B
AUM Growth
+$26.6M
(+2.7%)
Cap. Flow
+$102M
Cap. Flow
% of AUM
9.98%
Top 10 Holdings %
Top 10 Hldgs %
61.8%
Holding
79
New
20
Increased
4
Reduced
17
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$139M |
| 2 |
CTXS
Citrix Systems Inc
CTXS
|
+$59M |
| 3 |
AGN
Allergan plc
AGN
|
+$46.9M |
| 4 |
RTN
Raytheon Company
RTN
|
+$46.7M |
| 5 |
Amplify Energy
AMPY
|
+$35.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citigroup
C
|
+$95.3M |
| 2 |
STAY
Extended Stay America, Inc. Paired Share Unit
STAY
|
+$49M |
| 3 |
Centene
CNC
|
+$26.6M |
| 4 |
Accel Entertainment
ACEL
|
+$21M |
| 5 |
Acadia Healthcare
ACHC
|
+$20.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.09% |
| 2 | Healthcare | 15.12% |
| 3 | Utilities | 13.07% |
| 4 | Consumer Discretionary | 12.2% |
| 5 | Industrials | 9.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
FirstEnergy
FE
$28.4B
| $134M | 13.07% |
2,779,809
-109,890
| -4% | -$4.97M |
|
|
AGN
2
DELISTED
Allergan plc
AGN
| $92.2M | 8.99% |
547,800
+287,800
| +111% | +$46.9M |
|
|
3
Amplify Energy
AMPY
$158M
| $67.3M | 6.56% |
10,912,114
+6,226,714
| +133% | +$35.2M |
|
|
CTXS
4
DELISTED
Citrix Systems Inc
CTXS
| $59.6M | 5.81% |
+617,240
| New | +$59M |
|
5
Microsoft
MSFT
$2.9T
| $57.4M | 5.6% |
413,042
-77,958
| -16% | -$10.7M |
|
6
Mohawk Industries
MHK
$6.91B
| $51.7M | 5.04% |
416,670
-116,850
| -22% | -$15M |
|
|
RTN
7
DELISTED
Raytheon Company
RTN
| $49.4M | 4.82% |
+251,973
| New | +$46.7M |
|
8
Laureate Education
LAUR
$5.38B
| $43.4M | 4.23% |
2,616,058
-83,350
| -3% | -$1.4M |
|
|
AABA
9
DELISTED
Altaba Inc
AABA
| $41.1M | 4% |
+2,107,595
| New | +$139M |
|
10
T-Mobile US
TMUS
$195B
| $37.8M | 3.69% |
480,000
+406,608
| +554% | +$31.9M |
|
|
ECHO
11
EchoStar
ECHO
$24.3B
| $35.8M | 3.49% |
903,497
+727,899
| +415% | +$26.3M |
|
12
Booking.com
BKNG
$156B
| $28.6M | 2.79% |
364,375
-79,350
| -18% | -$6.15M |
|
|
13
Centene
CNC
$30.5B
| $28M | 2.73% |
646,711
-546,413
| -46% | -$26.6M |
|
|
GB
14
DELISTED
Global Blue Group Holding
GB
| $21.2M | 2.07% |
2,079,060
| – | – |
|
|
ROAN
15
DELISTED
Roan Resources, Inc.
ROAN
| $18.1M | 1.76% |
14,712,070
| – | – |
|
|
FSR
16
DELISTED
Fisker Inc.
FSR
| $17.5M | 1.71% |
1,732,026
| – | – |
|
17
Vertiv
VRT
$85.7B
| $17.2M | 1.67% |
1,683,000
| – | – |
|
|
I
18
DELISTED
INTELSAT S. A.
I
| $15.3M | 1.49% |
668,983
| – | – |
|
|
RWGE
19
DELISTED
Regalwood Global Energy Ltd. Class A Ordinary Shares
RWGE
| $15.2M | 1.48% |
1,475,962
| – | – |
|
|
20
Accel Entertainment
ACEL
$1B
| $13.9M | 1.36% |
1,354,891
-2,040,922
| -60% | -$21M |
|
21
Utz Brands
UTZ
$1.24B
| $11.2M | 1.09% |
1,100,000
| – | – |
|
|
NFH
22
DELISTED
New Frontier Health Corporation Ordinary Shares
NFH
| $10.1M | 0.98% |
990,026
| – | – |
|
|
VVNT
23
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
| $8.92M | 0.87% |
863,858
-906,100
| -51% | -$9.29M |
|
24
UnitedHealth
UNH
$382B
| $8.52M | 0.83% |
+39,202
| New | +$9.46M |
|
|
PAE
25
DELISTED
PAE Incorporated Class A Common Stock
PAE
| $8.46M | 0.82% |
836,828
| – | – |
|
Similar funds
CSD
AVM
PC
WHP
ADIM
CAWM
AI
CP
Fir Tree Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, Fir Tree Capital Management held 79 positions worth $1.03B, up 2.7% from $999M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Fir Tree Capital Management deployed $102M of net new capital in Q3 2019, opening 20 new positions and adding to 4 existing holdings. Its largest new stake was Altaba Inc: 2,107,595 shares worth $41.1M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 9.5% a quarter earlier, followed by Healthcare and Utilities.
On the sell side, the largest reduction was Centene, an estimated $26.6M trimmed.
- Fir Tree Capital Management's largest Q3 2019 buy was Altaba Inc: 2,107,595 shares worth $41.1M.
- Fir Tree Capital Management added most to Allergan plc in Q3 2019, an estimated $46.9M increase.
- Fir Tree Capital Management's biggest Q3 2019 reduction was Centene, cutting an estimated $26.6M.
- Fir Tree Capital Management fully exited Citigroup in Q3 2019, selling an estimated $95.3M.
- Fir Tree Capital Management's ten largest holdings make up 62% of its $1.03B portfolio in Q3 2019.
- Fir Tree Capital Management opened 20 new positions and closed 16 in Q3 2019.
- Fir Tree Capital Management's portfolio value rose 2.7% quarter-over-quarter to $1.03B.
Based on Fir Tree Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.