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
-14.53%
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
$1.14B
AUM Growth
+$122M
(+12%)
Cap. Flow
+$370M
Cap. Flow
% of AUM
32.6%
Top 10 Holdings %
Top 10 Hldgs %
61.86%
Holding
98
New
46
Increased
7
Reduced
10
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dell
DELL
|
+$105M |
| 2 |
Comcast
CMCSA
|
+$88.5M |
| 3 |
Walt Disney
DIS
|
+$80.2M |
| 4 |
Exelon
EXC
|
+$66.8M |
| 5 |
Corpay
CPAY
|
+$66.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VER
VEREIT, Inc.
VER
|
+$82.6M |
| 2 |
Johnson & Johnson
JNJ
|
+$66.8M |
| 3 |
AGN
Allergan plc
AGN
|
+$49.7M |
| 4 |
CTXS
Citrix Systems Inc
CTXS
|
+$46.6M |
| 5 |
L3Harris
LHX
|
+$30.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.52% |
| 2 | Communication Services | 19.47% |
| 3 | Financials | 10.79% |
| 4 | Healthcare | 8.34% |
| 5 | Industrials | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
SLM Corp
SLM
$4.86B
| $94.4M | 8.32% |
13,135,486
+2,534,683
| +24% | +$24.5M |
|
|
2
Dell
DELL
$262B
| $91.4M | 8.05% |
+4,557,756
| New | +$105M |
|
3
T-Mobile US
TMUS
$186B
| $80.8M | 7.11% |
962,461
+304,206
| +46% | +$25.7M |
|
4
PUT
Alibaba
BABA
$279B
| $79.2M | 6.98% |
407,400
+329,300
| +422% | +$68.7M |
|
|
5
Comcast
CMCSA
$84B
| $72.2M | 6.36% |
+2,098,905
| New | +$88.5M |
|
6
Microsoft
MSFT
$3.35T
| $61.9M | 5.45% |
392,520
-4,875
| -1% | -$802K |
|
|
7
Walt Disney
DIS
$167B
| $61.2M | 5.39% |
+633,967
| New | +$80.2M |
|
|
RTN
8
DELISTED
Raytheon Company
RTN
| $60.3M | 5.31% |
459,904
+170,031
| +59% | +$33.7M |
|
|
9
Exelon
EXC
$46.6B
| $55.8M | 4.91% |
+2,124,805
| New | +$66.8M |
|
|
10
Corpay
CPAY
$25.5B
| $45M | 3.97% |
+241,288
| New | +$66.6M |
|
11
Elevance Health
ELV
$81.6B
| $35.5M | 3.13% |
156,286
+84,964
| +119% | +$23.2M |
|
|
CTXS
12
DELISTED
Citrix Systems Inc
CTXS
| $28.8M | 2.53% |
203,220
-390,520
| -66% | -$46.6M |
|
13
Laureate Education
LAUR
$5.38B
| $28.6M | 2.52% |
2,720,040
-1,414,918
| -34% | -$24.5M |
|
14
Centene
CNC
$30.1B
| $28.5M | 2.51% |
480,368
-79,768
| -14% | -$4.84M |
|
|
DM
15
DELISTED
Desktop Metal, Inc.
DM
| $19.1M | 1.69% |
192,571
+117,571
| +157% | +$11.7M |
|
|
GB
16
DELISTED
Global Blue Group Holding
GB
| $19M | 1.68% |
1,879,060
-200,000
| -10% | -$2.09M |
|
17
Booking.com
BKNG
$150B
| $18.4M | 1.62% |
341,825
-162,425
| -32% | -$11.4M |
|
|
FSR
18
DELISTED
Fisker Inc.
FSR
| $17.5M | 1.54% |
1,732,026
| – | – |
|
19
Hyliion Holdings
HYLN
$646M
| $15.7M | 1.38% |
+1,595,000
| New | +$15.9M |
|
|
THCA
20
DELISTED
Tuscan Holdings Corp. II Common Stock
THCA
| $12.6M | 1.11% |
+1,295,525
| New | +$12.8M |
|
21
Utz Brands
UTZ
$1.25B
| $11.3M | 0.99% |
1,100,000
| – | – |
|
|
GNOG
22
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
| $11.3M | 0.99% |
1,139,000
+639,000
| +128% | +$6.34M |
|
|
CCXX.U
23
DELISTED
Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt
CCXX.U
| $11M | 0.97% |
+1,100,000
| New | +$11.2M |
|
|
UPH
24
DELISTED
UpHealth, Inc.
UPH
| $10.7M | 0.94% |
+107,193
| New | +$10.7M |
|
|
TRIT
25
DELISTED
Triterras, Inc. Class A Ordinary Shares
TRIT
| $10.1M | 0.89% |
+1,025,000
| New | +$10.2M |
|
Similar funds
CSD
AVM
PC
WHP
ADIM
CAWM
AI
CP
Fir Tree Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Fir Tree Capital Management held 98 positions worth $1.14B, up 12% from $1.01B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Fir Tree Capital Management deployed $370M of net new capital in Q1 2020, opening 46 new positions and adding to 7 existing holdings. Its largest new stake was Dell: 4,557,756 shares worth $91.4M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 15% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Citrix Systems Inc, an estimated $46.6M trimmed.
- Fir Tree Capital Management's largest Q1 2020 buy was Dell: 4,557,756 shares worth $91.4M.
- Fir Tree Capital Management added most to Raytheon Company in Q1 2020, an estimated $33.7M increase.
- Fir Tree Capital Management's biggest Q1 2020 reduction was Citrix Systems Inc, cutting an estimated $46.6M.
- Fir Tree Capital Management fully exited VEREIT, Inc. in Q1 2020, selling an estimated $82.6M.
- Fir Tree Capital Management's ten largest holdings make up 62% of its $1.14B portfolio in Q1 2020.
- Fir Tree Capital Management opened 46 new positions and closed 23 in Q1 2020.
- Fir Tree Capital Management's portfolio value rose 12% quarter-over-quarter to $1.14B.
Based on Fir Tree Capital Management's 13F filing for Q1 2020, filed 15 May 2020.