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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
+1.53%
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
$957M
AUM Growth
-$117M
Cap. Flow
-$152M
Cap. Flow %
-15.87%
Top 10 Hldgs %
22.76%
Holding
291
New
34
Increased
58
Reduced
63
Closed
69

Top Buys

Rank Stock Value
1
ODP
ODP
ODP
+$19.4M
2
PCG icon
PG&E
PCG
+$13.7M
3
FLD
Fold Holdings
FLD
+$10.4M
4
MNTN
Everest Consolidator Acquisition Corporation
MNTN
+$10.4M
5
PEGR
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
+$7.91M

Top Sells

Rank Stock Value
1
SPB icon
Spectrum Brands
SPB
+$21.5M
2
PSQH icon
PSQ Holdings
PSQH
+$15.9M
3
ATVI
Activision Blizzard
ATVI
+$14.8M
4
ARTE
Artemis Strategic Investment Corporation Class A Common Stock
ARTE
+$14M
5
MBSC
M3-Brigade Acquisition III Corp.
MBSC
+$10.2M

Sector Composition

Rank Sector Weight
1 Financials 55.97%
2 Technology 10.02%
3 Industrials 8.01%
4 Materials 4.01%
5 Consumer Discretionary 3.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LQD icon
1
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.5B
$31.4M 3.28%
+307,700
New +$32.4M
PCG icon
2
PG&E
PCG
$39.2B
$28.2M 2.95%
1,750,000
+800,000
+84% +$13.7M
NFYS
3
DELISTED
Enphys Acquisition Corp.
NFYS
$26.1M 2.72%
2,482,324
-99,806
-4% -$1.04M
RSP icon
4
CALL
Invesco S&P 500 Equal Weight ETF
RSP
$98.2B
$23.9M 2.5%
168,600
+83,600
+98% +$12.5M
VYX icon
5
NCR Voyix
VYX
$1.19B
$22.3M 2.32%
1,344,750
-203,750
-13% -$3.47M
ODP
6
DELISTED
ODP
ODP
$18.6M 1.95%
+403,687
New +$19.4M
AAC
7
DELISTED
Ares Acquisition Corporation
AAC
$16.4M 1.71%
1,520,673
-378,123
-20% -$4.03M
QQQ icon
8
PUT
Invesco QQQ Trust
QQQ
$445B
$16.1M 1.68%
45,000
-75,600
-63% -$28M
APGB
9
DELISTED
Apollo Strategic Growth Capital II
APGB
$15.8M 1.65%
1,500,000
– –
MNTN
10
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$14.2M 1.49%
1,314,244
+965,915
+277% +$10.4M
MCAA
11
DELISTED
Mountain & Co. I Acquisition Corp. Class A Ordinary Shares
MCAA
$10.7M 1.11%
952,619
+354,467
+59% +$3.91M
FLD
12
Fold Holdings
FLD
$22.9M
$10.5M 1.09%
+1,000,000
New +$10.4M
AIRJ
13
Montana Technologies Corp
AIRJ
$313M
$10M 1.05%
941,111
– –
TWLV
14
DELISTED
Twelve Seas Investment Company II Class A Common Stock
TWLV
$10M 1.05%
959,851
-8,379
-0.9% -$87.3K
NETC
15
DELISTED
Nabors Energy Transition Corp.
NETC
$9.9M 1.03%
911,215
+53,496
+6% +$578K
GHIX
16
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$9.61M 1%
924,871
-308,073
-25% -$3.18M
RRAC
17
DELISTED
Rigel Resource Acquisition Corp.
RRAC
$9.57M 1%
878,462
+568,756
+184% +$6.14M
PLAO
18
DELISTED
Patria Latin American Opportunity Acquisition Corp. Class A Ordinary Shares
PLAO
$9.44M 0.99%
859,102
– –
ACAH
19
DELISTED
Atlantic Coastal Acquisition Corp. Class A Common Stock
ACAH
$8.73M 0.91%
819,328
– –
FZT
20
DELISTED
FAST Acquisition Corp. II
FZT
$8.67M 0.91%
830,000
– –
SBXC
21
DELISTED
SilverBox Corp III
SBXC
$8.18M 0.85%
800,000
– –
GRML
22
Greenland Mines Ltd
GRML
$29.9M
$8.02M 0.84%
751,309
+351,309
+88% +$3.72M
PEGR
23
DELISTED
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
$7.96M 0.83%
+760,000
New +$7.91M
APCA
24
DELISTED
AP Acquisition Corp
APCA
$7.81M 0.82%
710,466
+255,747
+56% +$2.78M
SLAM
25
DELISTED
Slam Corp. Class A Ordinary Share
SLAM
$7.69M 0.8%
713,011
-141,869
-17% -$1.52M
1
2 3 4 5

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Fir Tree Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Fir Tree Capital Management held 291 positions worth $957M, down 11% from $1.07B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Fir Tree Capital Management withdrew a net $152M in Q3 2023, closing 69 positions and reducing 63 holdings. Its most notable exit was Spectrum Brands, an estimated $21.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 56% of assets, down from 58% a quarter earlier, followed by Technology and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in ODP worth $18.6M.

  • Fir Tree Capital Management's largest Q3 2023 buy was ODP: 403,687 shares worth $18.6M.
  • Fir Tree Capital Management added most to PG&E in Q3 2023, an estimated $13.7M increase.
  • Fir Tree Capital Management's biggest Q3 2023 reduction was Artemis Strategic Investment Corporation Class A Common Stock, cutting an estimated $14M.
  • Fir Tree Capital Management fully exited Spectrum Brands in Q3 2023, selling an estimated $21.5M.
  • Fir Tree Capital Management's ten largest holdings make up 23% of its $957M portfolio in Q3 2023.
  • Fir Tree Capital Management opened 34 new positions and closed 69 in Q3 2023.
  • Fir Tree Capital Management's portfolio value fell 11% quarter-over-quarter to $957M.

Based on Fir Tree Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.