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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
-0.62%
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
$2.96B
AUM Growth
+$302M
(+11%)
Cap. Flow
+$158M
Cap. Flow
% of AUM
5.33%
Top 10 Holdings %
Top 10 Hldgs %
17.3%
Holding
658
New
92
Increased
121
Reduced
36
Closed
82
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OPTU
Optimum Communications Inc
OPTU
|
+$49.9M |
| 2 |
Hartford Financial Services
HIG
|
+$49.5M |
| 3 |
CIT
CIT Group Inc.
CIT
|
+$27.2M |
| 4 |
Post Holdings
POST
|
+$23.9M |
| 5 |
State Street SPDR S&P Biotech ETF
XBI
|
+$23.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$68M |
| 2 |
FirstEnergy
FE
|
+$30.3M |
| 3 |
Jacobs Solutions
J
|
+$23.3M |
| 4 |
Microsoft
MSFT
|
+$22.3M |
| 5 |
EGGF.U
EG Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
EGGF.U
|
+$18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 50.88% |
| 2 | Healthcare | 9.6% |
| 3 | Technology | 5.39% |
| 4 | Communication Services | 5.16% |
| 5 | Industrials | 5.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CIT
1
DELISTED
CIT Group Inc.
CIT
| $86.8M | 2.93% |
1,670,967
+531,647
| +47% | +$27.2M |
|
2
Outfront Media
OUT
$5.72B
| $69.6M | 2.35% |
2,806,682
-453,791
| -14% | -$10.7M |
|
3
AbbVie
ABBV
$465B
| $57.8M | 1.95% |
535,788
-55,571
| -9% | -$6.35M |
|
|
4
Hartford Financial Services
HIG
$39.3B
| $52.6M | 1.77% |
+748,353
| New | +$49.5M |
|
|
PRPB
5
DELISTED
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
| $46M | 1.55% |
4,686,787
+183,184
| +4% | +$1.8M |
|
6
Bausch Health
BHC
$1.69B
| $44.8M | 1.51% |
1,609,660
+55,987
| +4% | +$1.59M |
|
7
Centene
CNC
$31.6B
| $38.4M | 1.3% |
616,357
+106,306
| +21% | +$7.1M |
|
8
Sabre
SABR
$743M
| $38.2M | 1.29% |
3,228,464
+940,068
| +41% | +$10.7M |
|
|
KAHC
9
DELISTED
KKR Acquisition Holdings I Corp.
KAHC
| $37.4M | 1.26% |
3,836,709
+1,305,589
| +52% | +$12.7M |
|
|
SIX
10
DELISTED
Six Flags Entertainment Corp.
SIX
| $36.8M | 1.24% |
864,941
+84,241
| +11% | +$3.5M |
|
|
OPTU
11
Optimum Communications Inc
OPTU
$298M
| $35.5M | 1.2% |
+1,711,723
| New | +$49.9M |
|
|
NAAC
12
DELISTED
North Atlantic Acquisition Corporation Class A Ordinary Share
NAAC
| $31.2M | 1.05% |
3,201,486
| – | – |
|
13
T-Mobile US
TMUS
$196B
| $30.8M | 1.04% |
241,094
-4,779
| -2% | -$666K |
|
|
PCPC
14
DELISTED
Periphas Capital Partnering Corporation
PCPC
| $26.5M | 0.89% |
1,088,186
+16,913
| +2% | +$410K |
|
|
ASZ
15
DELISTED
Austerlitz Acquisition Corporation II
ASZ
| $25.7M | 0.87% |
2,632,827
+1,487,220
| +130% | +$14.5M |
|
|
APGB
16
DELISTED
Apollo Strategic Growth Capital II
APGB
| $24.8M | 0.84% |
2,541,933
+294,885
| +13% | +$2.87M |
|
|
17
Post Holdings
POST
$4.27B
| $24.3M | 0.82% |
+337,002
| New | +$23.9M |
|
|
18
FirstEnergy
FE
$28.7B
| $23.7M | 0.8% |
664,838
-798,068
| -55% | -$30.3M |
|
|
19
State Street SPDR S&P Biotech ETF
XBI
$10.1B
| $23.1M | 0.78% |
+183,764
| New | +$23.7M |
|
|
EAC
20
DELISTED
Edify Acquisition Corp. Class A Common Stock
EAC
| $23M | 0.78% |
2,376,000
| – | – |
|
21
Elevance Health
ELV
$83.7B
| $22.7M | 0.77% |
60,932
-2,268
| -4% | -$862K |
|
|
JWSM
22
DELISTED
Jaws Mustang Acquisition Corp.
JWSM
| $22M | 0.74% |
2,249,066
+386,749
| +21% | +$3.77M |
|
23
Pilgrim's Pride
PPC
$7.09B
| $21.4M | 0.72% |
+735,072
| New | +$18.4M |
|
|
CONX
24
DELISTED
CONX Corp. Class A Common Stock
CONX
| $20.7M | 0.7% |
2,113,888
+182,457
| +9% | +$1.79M |
|
|
WPCB
25
DELISTED
Warburg Pincus Capital Corporation I-B
WPCB
| $20M | 0.68% |
2,048,478
+298,478
| +17% | +$2.92M |
|
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Fir Tree Capital Management's Q3 2021 Portfolio in Review
As of Q3 2021, Fir Tree Capital Management held 658 positions worth $2.96B, up 11% from $2.66B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Fir Tree Capital Management deployed $158M of net new capital in Q3 2021, opening 92 new positions and adding to 121 existing holdings. Its largest new stake was Optimum Communications Inc: 1,711,723 shares worth $35.5M.
By sector, the portfolio is most concentrated in Financials at 51% of assets, up from 45% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was FirstEnergy, an estimated $30.3M trimmed.
- Fir Tree Capital Management's largest Q3 2021 buy was Optimum Communications Inc: 1,711,723 shares worth $35.5M.
- Fir Tree Capital Management added most to CIT Group Inc. in Q3 2021, an estimated $27.2M increase.
- Fir Tree Capital Management's biggest Q3 2021 reduction was FirstEnergy, cutting an estimated $30.3M.
- Fir Tree Capital Management fully exited Exelon in Q3 2021, selling an estimated $68M.
- Fir Tree Capital Management's ten largest holdings make up 17% of its $2.96B portfolio in Q3 2021.
- Fir Tree Capital Management opened 92 new positions and closed 82 in Q3 2021.
- Fir Tree Capital Management's portfolio value rose 11% quarter-over-quarter to $2.96B.
Based on Fir Tree Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.