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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
+6.05%
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
$414M
AUM Growth
-$191M
Cap. Flow
-$208M
Cap. Flow %
-50.31%
Top 10 Hldgs %
62.2%
Holding
169
New
21
Increased
17
Reduced
61
Closed
59

Top Buys

Rank Stock Value
1
AAP icon
Advance Auto Parts
AAP
+$24.2M
2
SIX
Six Flags Entertainment Corp.
SIX
+$10.3M
3
KBR icon
KBR
KBR
+$7.81M
4
FRLA
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
+$3.16M
5
EVGR
Evergreen Corporation Class A Ordinary Share
EVGR
+$2.82M

Top Sells

Rank Stock Value
1
CNNE icon
Cannae Holdings
CNNE
+$16.4M
2
M icon
Macy's
M
+$14.1M
3
ODP
ODP
ODP
+$13.4M
4
AIRJ
Montana Technologies Corp
AIRJ
+$11.1M
5
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$9.71M

Sector Composition

Rank Sector Weight
1 Financials 26.38%
2 Consumer Discretionary 10.04%
3 Industrials 5.86%
4 Technology 5.67%
5 Communication Services 4.48%
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
$97.3B
$126M 30.54%
746,700
+325,200
+77% +$52.2M
LQD icon
2
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$46.9M 11.33%
430,600
-11,800
-3% -$1.28M
AAP icon
3
Advance Auto Parts
AAP
$3.53B
$29.8M 7.19%
+350,000
New +$24.2M
SIX
4
DELISTED
Six Flags Entertainment Corp.
SIX
$16.4M 3.97%
625,000
+409,361
+190% +$10.3M
KBR icon
5
KBR
KBR
$4.56B
$8.73M 2.11%
+137,176
New +$7.81M
ODP
6
DELISTED
ODP
ODP
$7.64M 1.85%
144,000
-255,395
-64% -$13.4M
FRLA
7
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$5.53M 1.33%
497,043
+285,627
+135% +$3.16M
NATL icon
8
NCR Atleos
NATL
$3.51B
$5.42M 1.31%
274,456
-175,544
-39% -$3.76M
GODN
9
DELISTED
Golden Star Acquisition Corporation Ordinary Shares
GODN
$5.36M 1.3%
504,222
-74,500
-13% -$784K
MNTN
10
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$5.24M 1.27%
469,317
-612,777
-57% -$6.76M
EVE
11
DELISTED
EVe Mobility Acquisition Corp
EVE
$4.73M 1.14%
430,723
-69,277
-14% -$754K
NFYS
12
DELISTED
Enphys Acquisition Corp.
NFYS
$4.69M 1.13%
433,337
– –
CNTM
13
DELISTED
ConnectM Technology Solutions, Inc. Common Stock
CNTM
$4.35M 1.05%
391,993
+153,438
+64% +$1.69M
SVII
14
DELISTED
Spring Valley Acquisition Corp II
SVII
$4.12M 0.99%
374,900
-61,400
-14% -$670K
TETE
15
DELISTED
Technology & Telecommunication Acquisition Corporation Class A Ordinary Shares
TETE
$3.95M 0.95%
338,156
+5,000
+2% +$57.9K
ZLS
16
DELISTED
Zalatoris II Acquisition Corp Class A Ordinary Shares
ZLS
$3.77M 0.91%
348,250
-23,287
-6% -$251K
WEL
17
DELISTED
Integrated Wellness Acquisition Corp
WEL
$3.77M 0.91%
331,126
+176,626
+114% +$1.99M
BFAC
18
DELISTED
Battery Future Acquisition Corp.
BFAC
$3.74M 0.9%
340,351
-9,649
-3% -$106K
MCAA
19
DELISTED
Mountain & Co. I Acquisition Corp. Class A Ordinary Shares
MCAA
$3.35M 0.81%
291,245
-643,568
-69% -$7.33M
APCA
20
DELISTED
AP Acquisition Corp
APCA
$3.33M 0.8%
295,467
-308,538
-51% -$3.46M
VEEA
21
Veea Inc
VEEA
$8.59M
$3.33M 0.8%
300,390
+9,599
+3% +$106K
TLGY
22
DELISTED
TLGY Acquisition Corporation Class A Ordinary Share
TLGY
$3.31M 0.8%
292,813
-1,000
-0.3% -$11.2K
ASCB
23
DELISTED
A SPAC II Acquisition Corp. Ordinary Shares
ASCB
$3.28M 0.79%
276,654
-51,421
-16% -$570K
HCVI
24
DELISTED
Hennessy Capital Investment Corp. VI Class A Common Stock
HCVI
$3.05M 0.74%
292,845
-73,440
-20% -$765K
AACI
25
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
$2.98M 0.72%
268,604
-290,785
-52% -$3.19M
1
2 3 4 5

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Fir Tree Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fir Tree Capital Management held 169 positions worth $414M, down 32% from $605M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Fir Tree Capital Management withdrew a net $208M in Q1 2024, closing 59 positions and reducing 61 holdings. Its most notable exit was Cannae Holdings, an estimated $16.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 42% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in Advance Auto Parts worth $29.8M.

  • Fir Tree Capital Management's largest Q1 2024 buy was Advance Auto Parts: 350,000 shares worth $29.8M.
  • Fir Tree Capital Management added most to Six Flags Entertainment Corp. in Q1 2024, an estimated $10.3M increase.
  • Fir Tree Capital Management's biggest Q1 2024 reduction was Macy's, cutting an estimated $14.1M.
  • Fir Tree Capital Management fully exited Cannae Holdings in Q1 2024, selling an estimated $16.4M.
  • Fir Tree Capital Management's ten largest holdings make up 62% of its $414M portfolio in Q1 2024.
  • Fir Tree Capital Management opened 21 new positions and closed 59 in Q1 2024.
  • Fir Tree Capital Management's portfolio value fell 32% quarter-over-quarter to $414M.

Based on Fir Tree Capital Management's 13F filing for Q1 2024, filed 15 May 2024.