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Fir Tree Capital Management Portfolio holdings

AUM $21.8M
1-Year Est. Return 1.61%
This Fund
S&P 500
This Quarter Est. Return
+0.74%
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
$2.98B
AUM Growth
-$224M
Cap. Flow
-$296M
Cap. Flow %
-9.95%
Top 10 Hldgs %
13.87%
Holding
744
New
19
Increased
61
Reduced
80
Closed
206

Top Buys

Rank Stock Value
1
SLB icon
SLB Ltd
SLB
+$30.6M
2
VMW
VMware, Inc
VMW
+$19.7M
3
BKI
Black Knight, Inc. Common Stock
BKI
+$18.8M
4
CMCSA icon
Comcast
CMCSA
+$16.1M
5
ATVI
Activision Blizzard
ATVI
+$12.4M

Top Sells

Rank Stock Value
1
BLCO icon
Bausch + Lomb
BLCO
+$28M
2
HCA icon
HCA Healthcare
HCA
+$27M
3
GOAC
GO Acquisition Corp. Class A Common Stock
GOAC
+$21.6M
4
CNC icon
Centene
CNC
+$18.3M
5
BRBR icon
BellRing Brands
BRBR
+$16.2M

Sector Composition

Rank Sector Weight
1 Financials 64.4%
2 Technology 7.61%
3 Industrials 4.57%
4 Healthcare 4.23%
5 Communication Services 3.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FCNCA icon
1
First Citizens BancShares
FCNCA
$25B
$76.9M 2.58%
96,398
-15,452
-14% -$12.1M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$51.4M 1.73%
143,800
-106,200
-42% -$42.2M
SPY icon
3
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$46.4M 1.56%
130,000
+110,000
+550% +$43.7M
KAHC
4
DELISTED
KKR Acquisition Holdings I Corp.
KAHC
$43M 1.44%
4,370,604
-579,324
-12% -$5.69M
CMCSA icon
5
Comcast
CMCSA
$85.8B
$39.8M 1.34%
1,355,595
+431,495
+47% +$16.1M
ASZ
6
DELISTED
Austerlitz Acquisition Corporation II
ASZ
$34.2M 1.15%
3,482,385
+264,200
+8% +$2.58M
NAAC
7
DELISTED
North Atlantic Acquisition Corporation Class A Ordinary Share
NAAC
$31M 1.04%
3,113,971
– –
META icon
8
Meta Platforms (Facebook)
META
$1.51T
$30.4M 1.02%
224,340
+52,040
+30% +$8.43M
SLB icon
9
SLB Ltd
SLB
$74.2B
$30.3M 1.02%
+842,674
New +$30.6M
JWSM
10
DELISTED
Jaws Mustang Acquisition Corp.
JWSM
$29.6M 1%
2,980,456
-135,218
-4% -$1.34M
PYPL icon
11
PayPal
PYPL
$51.4B
$29.6M 0.99%
343,733
-131,777
-28% -$11.7M
OUT icon
12
Outfront Media
OUT
$5.72B
$29.1M 0.98%
1,943,946
+3,053
+0.2% +$53.8K
ODP
13
DELISTED
ODP
ODP
$27.8M 0.93%
790,000
+19,200
+2% +$683K
NFYS
14
DELISTED
Enphys Acquisition Corp.
NFYS
$27M 0.91%
2,764,836
– –
AAC
15
DELISTED
Ares Acquisition Corporation
AAC
$26.1M 0.88%
2,625,459
+40,165
+2% +$397K
PCPC
16
DELISTED
Periphas Capital Partnering Corporation
PCPC
$25.9M 0.87%
1,048,434
– –
APGB
17
DELISTED
Apollo Strategic Growth Capital II
APGB
$24.8M 0.83%
2,508,528
-170,199
-6% -$1.68M
EAC
18
DELISTED
Edify Acquisition Corp. Class A Common Stock
EAC
$22.5M 0.76%
2,275,900
– –
LSXMK
19
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$21.6M 0.73%
740,161
+360,315
+95% +$11.2M
CONX
20
DELISTED
CONX Corp. Class A Common Stock
CONX
$21M 0.71%
2,103,285
-81,928
-4% -$815K
BSLK
21
DELISTED
Bolt Projects Holdings
BSLK
$20.2M 0.68%
102,561
– –
FSNB
22
DELISTED
Fusion Acquisition Corp. II
FSNB
$19.8M 0.66%
2,007,989
– –
HIII
23
DELISTED
Hudson Executive Investment Corp. III Class A Common Stock
HIII
$19.1M 0.64%
1,945,963
-184,215
-9% -$1.81M
ATVI
24
DELISTED
Activision Blizzard
ATVI
$18.8M 0.63%
252,521
+158,521
+169% +$12.4M
FVIV
25
DELISTED
Fortress Value Acquisition Corp. IV
FVIV
$18.6M 0.62%
1,887,432
– –
1
2 3 4 5

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AVM
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PC
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WHP
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ADIM
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CAWM
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AI
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CP
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Fir Tree Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Fir Tree Capital Management held 744 positions worth $2.98B, down 7% from $3.2B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Fir Tree Capital Management withdrew a net $296M in Q3 2022, closing 206 positions and reducing 80 holdings. Its most notable exit was Bausch + Lomb, an estimated $28M position sold in full.

By sector, the portfolio is most concentrated in Financials at 64% of assets, up from 63% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in SLB Ltd worth $30.3M.

  • Fir Tree Capital Management's largest Q3 2022 buy was SLB Ltd: 842,674 shares worth $30.3M.
  • Fir Tree Capital Management added most to Comcast in Q3 2022, an estimated $16.1M increase.
  • Fir Tree Capital Management's biggest Q3 2022 reduction was HCA Healthcare, cutting an estimated $27M.
  • Fir Tree Capital Management fully exited Bausch + Lomb in Q3 2022, selling an estimated $28M.
  • Fir Tree Capital Management's ten largest holdings make up 14% of its $2.98B portfolio in Q3 2022.
  • Fir Tree Capital Management opened 19 new positions and closed 206 in Q3 2022.
  • Fir Tree Capital Management's portfolio value fell 7% quarter-over-quarter to $2.98B.

Based on Fir Tree Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.