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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
+1.95%
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
$1.26B
AUM Growth
-$683M
Cap. Flow
-$658M
Cap. Flow %
-52.26%
Top 10 Hldgs %
16.73%
Holding
392
New
56
Increased
76
Reduced
72
Closed
109

Top Buys

Rank Stock Value
1
AIRJ
Montana Technologies Corp
AIRJ
+$8.36M
2
SBXC.U
SilverBox Corp III Units, each consisting of one Class A Common Stock and one-third of one redeemable warrant
SBXC.U
+$8.07M
3
IVCA
Investcorp India Acquisition Corp
IVCA
+$6.86M
4
DTI icon
Drilling Tools International
DTI
+$6.32M
5
STI icon
Solidion Technology
STI
+$6.03M

Top Sells

Rank Stock Value
1
NAAC
North Atlantic Acquisition Corporation Class A Ordinary Share
NAAC
+$30.2M
2
CMCSA icon
Comcast
CMCSA
+$29.2M
3
FCNCA icon
First Citizens BancShares
FCNCA
+$27.5M
4
PYPL icon
PayPal
PYPL
+$24.2M
5
WPCB
Warburg Pincus Capital Corporation I-B
WPCB
+$18.7M

Sector Composition

Rank Sector Weight
1 Financials 65.22%
2 Technology 12.96%
3 Industrials 8%
4 Materials 3.28%
5 Healthcare 2.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ATVI
1
DELISTED
Activision Blizzard
ATVI
$27.7M 2.2%
323,839
-48,438
-13% -$3.76M
NFYS
2
DELISTED
Enphys Acquisition Corp.
NFYS
$27.4M 2.18%
2,682,645
-68,768
-2% -$696K
VMW
3
DELISTED
VMware, Inc
VMW
$25M 1.99%
200,561
+1,585
+0.8% +$190K
PNTM
4
DELISTED
Pontem Corporation
PNTM
$20M 1.59%
1,931,519
+150,000
+8% +$1.54M
APGB
5
DELISTED
Apollo Strategic Growth Capital II
APGB
$19.7M 1.56%
1,921,519
– –
AAC
6
DELISTED
Ares Acquisition Corporation
AAC
$19.6M 1.56%
1,898,796
-731,563
-28% -$7.47M
SPB icon
7
Spectrum Brands
SPB
$2.04B
$18.9M 1.5%
285,000
+35,000
+14% +$2.21M
TRAQ
8
DELISTED
Trine II Acquisition Corp.
TRAQ
$18.2M 1.45%
1,743,800
– –
BKI
9
DELISTED
Black Knight, Inc. Common Stock
BKI
$18.1M 1.44%
314,219
-11,027
-3% -$660K
MTAL
10
DELISTED
Metals Acquisition
MTAL
$16M 1.27%
1,567,944
+25,000
+2% +$253K
FLYX icon
11
flyExclusive
FLYX
$59.5M
$15.5M 1.23%
1,524,572
+80,402
+6% +$811K
ARTE
12
DELISTED
Artemis Strategic Investment Corporation Class A Common Stock
ARTE
$15.5M 1.23%
1,498,653
+2,000
+0.1% +$20.6K
GHIX
13
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$15M 1.19%
1,491,644
– –
GCTS
14
GCT Semiconductor Holding
GCTS
$172M
$15M 1.19%
1,443,900
+250,000
+21% +$2.58M
NPAB
15
DELISTED
New Providence Acquisition Corp. II Class A Common Stock
NPAB
$13.7M 1.09%
1,323,236
+78,200
+6% +$805K
NETC
16
DELISTED
Nabors Energy Transition Corp.
NETC
$13.7M 1.09%
1,302,041
– –
XFIN
17
DELISTED
ExcelFin Acquisition Corp Class A Common Stock
XFIN
$13.4M 1.06%
1,288,486
+402,191
+45% +$4.15M
RBA icon
18
RB Global
RBA
$20.5B
$12.7M 1.01%
225,000
-200,000
-47% -$11.8M
IVCA
19
DELISTED
Investcorp India Acquisition Corp
IVCA
$11.1M 0.88%
1,056,470
+656,470
+164% +$6.86M
TIOA
20
DELISTED
Tio Tech A Class A Ordinary Share
TIOA
$10.8M 0.86%
1,065,088
– –
ZING
21
DELISTED
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
$10.4M 0.83%
1,014,100
+375,000
+59% +$3.82M
ACRO
22
DELISTED
Acropolis Infrastructure Acquisition Corp
ACRO
$10.3M 0.82%
1,018,714
– –
JAQC
23
DELISTED
Jupiter Acquisition Corporation Common stock
JAQC
$10.3M 0.82%
1,016,276
– –
AFTR
24
DELISTED
AfterNext HealthTech Acquisition Corp
AFTR
$10.3M 0.82%
1,009,056
– –
MBSC
25
DELISTED
M3-Brigade Acquisition III Corp.
MBSC
$10.3M 0.82%
997,900
– –
1
2 3 4 5

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CSD
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AVM
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PC
Prysm Capital Princeton, New Jersey $10.6M AUM 2.38% 1-Year Est. Return
WHP
Washington Harbour Partners Arlington, Virginia $33.8M AUM 73.62% 1-Year Est. Return
ADIM
Alpha DNA Investment Management Columbia, Maryland $8.98M AUM 26.05% 1-Year Est. Return
CAWM
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AI
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CP
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Fir Tree Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Fir Tree Capital Management held 392 positions worth $1.26B, down 35% from $1.94B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Fir Tree Capital Management withdrew a net $658M in Q1 2023, closing 109 positions and reducing 72 holdings. Its most notable exit was North Atlantic Acquisition Corporation Class A Ordinary Share, an estimated $30.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 65% 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 Montana Technologies Corp worth $8.41M.

  • Fir Tree Capital Management's largest Q1 2023 buy was Montana Technologies Corp: 820,575 shares worth $8.41M.
  • Fir Tree Capital Management added most to Investcorp India Acquisition Corp in Q1 2023, an estimated $6.86M increase.
  • Fir Tree Capital Management's biggest Q1 2023 reduction was Bolt Projects Holdings, cutting an estimated $17.2M.
  • Fir Tree Capital Management fully exited North Atlantic Acquisition Corporation Class A Ordinary Share in Q1 2023, selling an estimated $30.2M.
  • Fir Tree Capital Management's ten largest holdings make up 17% of its $1.26B portfolio in Q1 2023.
  • Fir Tree Capital Management opened 56 new positions and closed 109 in Q1 2023.
  • Fir Tree Capital Management's portfolio value fell 35% quarter-over-quarter to $1.26B.

Based on Fir Tree Capital Management's 13F filing for Q1 2023, filed 15 May 2023.