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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
+1.76%
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
$1.07B
AUM Growth
-$184M
Cap. Flow
-$230M
Cap. Flow %
-21.37%
Top 10 Hldgs %
20.26%
Holding
328
New
45
Increased
47
Reduced
85
Closed
71

Top Buys

Rank Stock Value
1
VYX icon
NCR Voyix
VYX
+$22.3M
2
PCG icon
PG&E
PCG
+$16.1M
3
EVGR
Evergreen Corporation Class A Ordinary Share
EVGR
+$8.62M
4
SBXC
SilverBox Corp III
SBXC
+$8.06M
5
IPXXU
Inflection Point Acquisition Corp. II Unit
IPXXU
+$7.58M

Top Sells

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$22.6M
2
PNTM
Pontem Corporation
PNTM
+$20M
3
TRAQ
Trine II Acquisition Corp.
TRAQ
+$18.2M
4
MTAL
Metals Acquisition
MTAL
+$16M
5
RBA icon
RB Global
RBA
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 57.68%
2 Technology 13.7%
3 Industrials 6.62%
4 Healthcare 3.14%
5 Consumer Staples 2.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
1
PUT
Invesco QQQ Trust
QQQ
$445B
$44.6M 4.15%
+120,600
New +$40.6M
NFYS
2
DELISTED
Enphys Acquisition Corp.
NFYS
$26.8M 2.5%
2,582,130
-100,515
-4% -$1.03M
VYX icon
3
NCR Voyix
VYX
$1.19B
$23.9M 2.23%
+1,548,500
New +$22.3M
SPB icon
4
Spectrum Brands
SPB
$2.08B
$21.5M 2%
275,000
-10,000
-4% -$714K
AAC
5
DELISTED
Ares Acquisition Corporation
AAC
$20.1M 1.87%
1,898,796
– –
PCG icon
6
PG&E
PCG
$39.2B
$16.4M 1.53%
+950,000
New +$16.1M
PSQH icon
7
PSQ Holdings
PSQH
$12.4M
$15.9M 1.48%
103,438
+39,001
+61% +$5.94M
ARTE
8
DELISTED
Artemis Strategic Investment Corporation Class A Common Stock
ARTE
$15.9M 1.48%
1,491,962
-6,691
-0.4% -$69.9K
APGB
9
DELISTED
Apollo Strategic Growth Capital II
APGB
$15.5M 1.44%
1,500,000
-421,519
-22% -$4.32M
ATVI
10
DELISTED
Activision Blizzard
ATVI
$14.8M 1.37%
175,000
-148,839
-46% -$12M
RSP icon
11
CALL
Invesco S&P 500 Equal Weight ETF
RSP
$98.2B
$12.7M 1.18%
+85,000
New +$12.2M
GHIX
12
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$12.6M 1.18%
1,232,944
-258,700
-17% -$2.63M
IVCA
13
DELISTED
Investcorp India Acquisition Corp
IVCA
$11.3M 1.05%
1,055,326
-1,144
-0.1% -$12.1K
MBSC
14
DELISTED
M3-Brigade Acquisition III Corp.
MBSC
$10.2M 0.95%
974,200
-23,700
-2% -$246K
TWLV
15
DELISTED
Twelve Seas Investment Company II Class A Common Stock
TWLV
$10M 0.93%
968,230
+350,400
+57% +$3.61M
SPWR icon
16
SunPower Inc
SPWR
$58.3M
$10M 0.93%
944,162
+712,411
+307% +$7.44M
AIRJ
17
Montana Technologies Corp
AIRJ
$313M
$9.82M 0.91%
941,111
+120,536
+15% +$1.25M
PLAO
18
DELISTED
Patria Latin American Opportunity Acquisition Corp. Class A Ordinary Shares
PLAO
$9.23M 0.86%
859,102
-33,528
-4% -$357K
CPAA
19
DELISTED
Conyers Park III Acquisition Corp. Class A Common Stock
CPAA
$9.16M 0.85%
896,113
-88,715
-9% -$900K
SLAM
20
DELISTED
Slam Corp. Class A Ordinary Share
SLAM
$9.14M 0.85%
854,880
– –
NETC
21
DELISTED
Nabors Energy Transition Corp.
NETC
$9.13M 0.85%
857,719
-444,322
-34% -$4.69M
AFTR
22
DELISTED
AfterNext HealthTech Acquisition Corp
AFTR
$9.08M 0.84%
876,038
-133,018
-13% -$1.37M
EVGR
23
DELISTED
Evergreen Corporation Class A Ordinary Share
EVGR
$8.8M 0.82%
+810,000
New +$8.62M
ZING
24
DELISTED
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
$8.68M 0.81%
832,500
-181,600
-18% -$1.88M
FZT
25
DELISTED
FAST Acquisition Corp. II
FZT
$8.64M 0.8%
830,000
– –
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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Fir Tree Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Fir Tree Capital Management held 328 positions worth $1.07B, down 15% from $1.26B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Fir Tree Capital Management withdrew a net $230M in Q2 2023, closing 71 positions and reducing 85 holdings. Its most notable exit was Pontem Corporation, an estimated $20M position sold in full.

By sector, the portfolio is most concentrated in Financials at 58% of assets, down from 65% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in NCR Voyix worth $23.9M.

  • Fir Tree Capital Management's largest Q2 2023 buy was NCR Voyix: 1,548,500 shares worth $23.9M.
  • Fir Tree Capital Management added most to SunPower Inc in Q2 2023, an estimated $7.44M increase.
  • Fir Tree Capital Management's biggest Q2 2023 reduction was VMware, Inc, cutting an estimated $22.6M.
  • Fir Tree Capital Management fully exited Pontem Corporation in Q2 2023, selling an estimated $20M.
  • Fir Tree Capital Management's ten largest holdings make up 20% of its $1.07B portfolio in Q2 2023.
  • Fir Tree Capital Management opened 45 new positions and closed 71 in Q2 2023.
  • Fir Tree Capital Management's portfolio value fell 15% quarter-over-quarter to $1.07B.

Based on Fir Tree Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.