We are live on ! Find out more
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
+4.76%
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
$605M
AUM Growth
-$352M
Cap. Flow
-$354M
Cap. Flow %
-58.45%
Top 10 Hldgs %
40.58%
Holding
238
New
18
Increased
14
Reduced
102
Closed
92

Top Buys

Rank Stock Value
1
CNNE icon
Cannae Holdings
CNNE
+$15.3M
2
M icon
Macy's
M
+$10.9M
3
NATL icon
NCR Atleos
NATL
+$10.3M
4
SIX
Six Flags Entertainment Corp.
SIX
+$4.97M
5
ANSCU
Agriculture & Natural Solutions Acquisition Corp Unit
ANSCU
+$4.04M

Top Sells

Rank Stock Value
1
PCG icon
PG&E
PCG
+$28.2M
2
VYX icon
NCR Voyix
VYX
+$22.3M
3
NFYS
Enphys Acquisition Corp.
NFYS
+$21.7M
4
AAC
Ares Acquisition Corporation
AAC
+$16.4M
5
APGB
Apollo Strategic Growth Capital II
APGB
+$15.8M

Sector Composition

Rank Sector Weight
1 Financials 41.66%
2 Consumer Discretionary 9.54%
3 Technology 8.5%
4 Industrials 7.32%
5 Healthcare 2.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RSP icon
1
CALL
Invesco S&P 500 Equal Weight ETF
RSP
$98.2B
$66.5M 11%
421,500
+252,900
+150% +$36.7M
LQD icon
2
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.5B
$49M 8.09%
442,400
+134,700
+44% +$14M
RSP icon
3
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$98.2B
$31.6M 5.22%
+200,000
New +$29.1M
ODP
4
DELISTED
ODP
ODP
$22.5M 3.72%
399,395
-4,292
-1% -$204K
CNNE icon
5
Cannae Holdings
CNNE
$665M
$16.4M 2.71%
+840,000
New +$15.3M
M icon
6
Macy's
M
$6.62B
$15.1M 2.49%
+750,000
New +$10.9M
MNTN
7
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$11.8M 1.96%
1,082,094
-232,150
-18% -$2.52M
AIRJ
8
Montana Technologies Corp
AIRJ
$313M
$11.1M 1.84%
1,019,221
+78,110
+8% +$835K
NATL icon
9
NCR Atleos
NATL
$3.47B
$10.9M 1.81%
+450,000
New +$10.3M
MCAA
10
DELISTED
Mountain & Co. I Acquisition Corp. Class A Ordinary Shares
MCAA
$10.6M 1.75%
934,813
-17,806
-2% -$200K
FLD
11
Fold Holdings
FLD
$22.9M
$10.5M 1.74%
994,392
-5,608
-0.6% -$58.9K
GHIX
12
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$9.71M 1.61%
924,871
– –
ACAH
13
DELISTED
Atlantic Coastal Acquisition Corp. Class A Common Stock
ACAH
$8.47M 1.4%
803,362
-15,966
-2% -$168K
PEGR
14
DELISTED
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
$8.01M 1.32%
757,345
-2,655
-0.3% -$27.9K
SBXC
15
DELISTED
SilverBox Corp III
SBXC
$7.34M 1.21%
709,601
-90,399
-11% -$930K
NETD
16
DELISTED
Nabors Energy Transition Corp II
NETD
$7.04M 1.16%
675,400
-74,600
-10% -$766K
APCA
17
DELISTED
AP Acquisition Corp
APCA
$6.72M 1.11%
604,005
-106,461
-15% -$1.18M
BZAI
18
Blaize Holdings
BZAI
$122M
$6.37M 1.05%
595,288
– –
GODN
19
DELISTED
Golden Star Acquisition Corporation Ordinary Shares
GODN
$6.03M 1%
578,722
-21,278
-4% -$221K
AACI
20
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
$6.02M 1%
559,389
+109,389
+24% +$1.17M
NPAB
21
DELISTED
New Providence Acquisition Corp. II Class A Common Stock
NPAB
$6M 0.99%
561,408
-2,200
-0.4% -$23.4K
USAR
22
USA Rare Earth Inc
USAR
$3.44B
$5.87M 0.97%
568,284
-181,716
-24% -$1.87M
SIX
23
DELISTED
Six Flags Entertainment Corp.
SIX
$5.41M 0.89%
+215,639
New +$4.97M
EVE
24
DELISTED
EVe Mobility Acquisition Corp
EVE
$5.4M 0.89%
500,000
– –
ARIZ
25
DELISTED
Arisz Acquisition Corp. Common Stock
ARIZ
$5.36M 0.89%
491,612
-8,388
-2% -$90.5K
1
2 3 4 5

Similar funds

CSD
Clear Street Derivatives New York $12.4M AUM 1.7% 1-Year Est. Return
AVM
Altos Ventures Management Burlingame, California $11.7M AUM 182.72% 1-Year Est. Return
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
Capital A Wealth Management New Castle, Pennsylvania $8.94M AUM
AI
Allostery Investments Stamford, Connecticut $7.85M AUM
CP
Castalian Partners Excelsior, Minnesota $7.36M AUM

Fir Tree Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Fir Tree Capital Management held 238 positions worth $605M, down 37% from $957M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fir Tree Capital Management withdrew a net $354M in Q4 2023, closing 92 positions and reducing 102 holdings. Its most notable exit was PG&E, an estimated $28.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 56% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Fir Tree Capital Management opened a new position in Cannae Holdings worth $16.4M.

  • Fir Tree Capital Management's largest Q4 2023 buy was Cannae Holdings: 840,000 shares worth $16.4M.
  • Fir Tree Capital Management added most to Goldenstone Acquisition Limited Common Stock in Q4 2023, an estimated $1.88M increase.
  • Fir Tree Capital Management's biggest Q4 2023 reduction was Enphys Acquisition Corp., cutting an estimated $21.7M.
  • Fir Tree Capital Management fully exited PG&E in Q4 2023, selling an estimated $28.2M.
  • Fir Tree Capital Management's ten largest holdings make up 41% of its $605M portfolio in Q4 2023.
  • Fir Tree Capital Management opened 18 new positions and closed 92 in Q4 2023.
  • Fir Tree Capital Management's portfolio value fell 37% quarter-over-quarter to $605M.

Based on Fir Tree Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.