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
+11.26%
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
$1.29B
AUM Growth
+$152M
(+13%)
Cap. Flow
-$15.7M
Cap. Flow
% of AUM
-1.22%
Top 10 Holdings %
Top 10 Hldgs %
56.11%
Holding
111
New
33
Increased
3
Reduced
18
Closed
39
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Edison International
EIX
|
+$146M |
| 2 |
Live Nation Entertainment
LYV
|
+$71.7M |
| 3 |
Expedia Group
EXPE
|
+$50.2M |
| 4 |
RTX Corp
RTX
|
+$48.1M |
| 5 |
Jacobs Solutions
J
|
+$36.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTN
Raytheon Company
RTN
|
+$60.3M |
| 2 |
Walt Disney
DIS
|
+$60M |
| 3 |
Corpay
CPAY
|
+$45M |
| 4 |
Microsoft
MSFT
|
+$44.5M |
| 5 |
Dell
DELL
|
+$40.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 16.52% |
| 2 | Technology | 14.33% |
| 3 | Utilities | 14% |
| 4 | Financials | 9.49% |
| 5 | Industrials | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Edison International
EIX
$30.7B
| $138M | 10.7% |
+2,534,645
| New | +$146M |
|
2
SLM Corp
SLM
$4.74B
| $87.1M | 6.77% |
12,393,412
-742,074
| -6% | -$5.55M |
|
3
PUT
Alibaba
BABA
$276B
| $80.6M | 6.26% |
373,500
-33,900
| -8% | -$7.06M |
|
|
4
Dell
DELL
$253B
| $76.7M | 5.96% |
2,755,399
-1,802,357
| -40% | -$40.5M |
|
|
5
Live Nation Entertainment
LYV
$42.1B
| $72.5M | 5.63% |
+1,635,400
| New | +$71.7M |
|
6
Comcast
CMCSA
$85.8B
| $64M | 4.97% |
1,642,232
-456,673
| -22% | -$17.4M |
|
7
T-Mobile US
TMUS
$196B
| $56.8M | 4.42% |
545,765
-416,696
| -43% | -$39.9M |
|
|
8
Expedia Group
EXPE
$35.5B
| $56.8M | 4.41% |
+690,900
| New | +$50.2M |
|
|
9
RTX Corp
RTX
$295B
| $47.5M | 3.69% |
+770,651
| New | +$48.1M |
|
10
Exelon
EXC
$48.4B
| $42.5M | 3.31% |
1,643,478
-481,327
| -23% | -$12.8M |
|
11
Centene
CNC
$31.6B
| $39.6M | 3.08% |
623,045
+142,677
| +30% | +$9.29M |
|
|
12
Jacobs Solutions
J
$16.6B
| $37.8M | 2.93% |
+538,548
| New | +$36.3M |
|
|
CTXS
13
DELISTED
Citrix Systems Inc
CTXS
| $33.4M | 2.59% |
225,585
+22,365
| +11% | +$3.22M |
|
|
14
Microsoft
MSFT
$2.92T
| $30M | 2.33% |
147,551
-244,969
| -62% | -$44.5M |
|
|
WPF.U
15
DELISTED
Foley Trasimene Acquisition Corp.
WPF.U
| $19.2M | 1.49% |
+1,800,000
| New | +$18.8M |
|
16
Elevance Health
ELV
$83.7B
| $19.2M | 1.49% |
72,922
-83,364
| -53% | -$22.2M |
|
|
JWS.U
17
DELISTED
Jaws Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one red
JWS.U
| $18.8M | 1.46% |
+1,798,095
| New | +$18.7M |
|
|
FSR
18
DELISTED
Fisker Inc.
FSR
| $16.7M | 1.3% |
1,562,026
-170,000
| -10% | -$1.74M |
|
19
VanEck High Yield Muni ETF
HYD
$4.45B
| $16.2M | 1.26% |
+273,814
| New | +$15.4M |
|
|
ETWO
20
DELISTED
E2open Parent Holdings
ETWO
| $15.9M | 1.23% |
+1,575,000
| New | +$15.8M |
|
|
THCA
21
DELISTED
Tuscan Holdings Corp. II Common Stock
THCA
| $13M | 1.01% |
1,295,525
| – | – |
|
22
Amplify Energy
AMPY
$152M
| $12.8M | 1% |
10,415,297
| – | – |
|
23
Sabre
SABR
$743M
| $12.7M | 0.98% |
+1,571,268
| New | +$11.1M |
|
|
DM
24
DELISTED
Desktop Metal, Inc.
DM
| $12.3M | 0.95% |
117,571
-75,000
| -39% | -$7.51M |
|
25
PUT
American Airlines Group
AAL
$10.2B
| $11.4M | 0.88% |
+870,000
| New | +$10.6M |
|
Similar funds
CSD
AVM
PC
WHP
ADIM
CAWM
AI
CP
Fir Tree Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Fir Tree Capital Management held 111 positions worth $1.29B, up 13% from $1.14B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Fir Tree Capital Management's Q2 2020 filing shows 33 new, 3 increased, 18 reduced and 39 closed positions. Its largest new stake was Edison International: 2,534,645 shares worth $138M. The largest sale was Raytheon Company, an estimated $60.3M.
By sector, the portfolio is most concentrated in Communication Services at 17% of assets, down from 19% a quarter earlier, followed by Technology and Utilities.
- Fir Tree Capital Management's largest Q2 2020 buy was Edison International: 2,534,645 shares worth $138M.
- Fir Tree Capital Management added most to Centene in Q2 2020, an estimated $9.29M increase.
- Fir Tree Capital Management's biggest Q2 2020 reduction was Walt Disney, cutting an estimated $60M.
- Fir Tree Capital Management fully exited Raytheon Company in Q2 2020, selling an estimated $60.3M.
- Fir Tree Capital Management's ten largest holdings make up 56% of its $1.29B portfolio in Q2 2020.
- Fir Tree Capital Management opened 33 new positions and closed 39 in Q2 2020.
- Fir Tree Capital Management's portfolio value rose 13% quarter-over-quarter to $1.29B.
Based on Fir Tree Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.