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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
+1.26%
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
$114M
AUM Growth
-$95.5M
Cap. Flow
-$83.4M
Cap. Flow %
-72.98%
Top 10 Hldgs %
79.85%
Holding
96
New
19
Increased
4
Reduced
23
Closed
45

Top Buys

Rank Stock Value
1
AFJK
Aimei Health Technology Co
AFJK
+$2.86M
2
RDAC
Rising Dragon Acquisition Corp
RDAC
+$2.25M
3
CHAR
Charlton Aria Acquisition Corp
CHAR
+$1.43M
4
JACS.U
Jackson Acquisition Co II Units
JACS.U
+$753K
5
HSPTU
Horizon Space Acquisition II Corp Units
HSPTU
+$750K

Top Sells

Rank Stock Value
1
AR icon
Antero Resources
AR
+$17.2M
2
LBTYA icon
Liberty Global Class A
LBTYA
+$15.8M
3
WEL
Integrated Wellness Acquisition Corp
WEL
+$3.98M
4
APXI
APx Acquisition Corp. I Class A Ordinary Share
APXI
+$3.19M
5
BUJA
Bukit Jalil Global Acquisition 1
BUJA
+$3.08M

Sector Composition

Rank Sector Weight
1 Financials 33.51%
2 Industrials 0.95%
3 Technology 0.66%
4 Energy 0.65%
5 Utilities 0.18%
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
$40.2M 35.17%
376,400
+166,300
+79% +$18.2M
RSP icon
2
CALL
Invesco S&P 500 Equal Weight ETF
RSP
$98.2B
$31.5M 27.55%
179,800
-71,100
-28% -$12.9M
AFJK
3
Aimei Health Technology Co
AFJK
$38M
$4.59M 4.02%
436,016
+270,316
+163% +$2.86M
KVAC icon
4
Keen Vision Acquisition Corp
KVAC
$68.8M
$3.02M 2.64%
275,275
-124,725
-31% -$1.35M
RDAC
5
Rising Dragon Acquisition Corp
RDAC
$36.1M
$2.25M 1.97%
+224,450
New +$2.25M
DYCQ
6
DELISTED
DT Cloud Acquisition Corp
DYCQ
$2.17M 1.9%
207,531
+47,635
+30% +$495K
AITR
7
DELISTED
AI Transportation Acquisition Corp
AITR
$2.15M 1.88%
200,000
-10,707
-5% -$113K
JVSA
8
DELISTED
JV SPAC Acquisition Corp
JVSA
$2.08M 1.82%
199,381
+1,531
+0.8% +$15.9K
EVGR
9
DELISTED
Evergreen Corporation Class A Ordinary Share
EVGR
$1.7M 1.48%
142,761
-207,239
-59% -$2.44M
BAYA
10
DELISTED
Bayview Acquisition Corp
BAYA
$1.62M 1.42%
151,908
-173,192
-53% -$1.84M
BUJA
11
DELISTED
Bukit Jalil Global Acquisition 1
BUJA
$1.57M 1.37%
142,029
-278,954
-66% -$3.08M
CHAR
12
Charlton Aria Acquisition Corp
CHAR
$1.43M 1.25%
+143,700
New +$1.43M
OAKU
13
DELISTED
Oak Woods Acquisition Corp
OAKU
$933K 0.82%
82,210
-207,690
-72% -$2.34M
FSHP
14
Flag Ship Acquisition Corp
FSHP
$912K 0.8%
89,761
-60,239
-40% -$609K
BKHA
15
Black Hawk Acquisition Corp
BKHA
$50.3M
$779K 0.68%
75,000
– –
JACS.U
16
Jackson Acquisition Co II Units
JACS.U
$755K 0.66%
+75,000
New +$753K
HSPTU
17
DELISTED
Horizon Space Acquisition II Corp Units
HSPTU
$754K 0.66%
+75,000
New +$750K
KDK
18
Kodiak AI
KDK
$794M
$753K 0.66%
68,600
-1,082
-2% -$11.8K
SIMA
19
SIM Acquisition Corp I
SIMA
$89.9M
$753K 0.66%
75,000
– –
FTW
20
Presidio Production Co
FTW
$336M
$749K 0.65%
75,000
-25,000
-25% -$248K
MBAV
21
DELISTED
M3-Brigade Acquisition V Corp
MBAV
$728K 0.64%
72,379
-27,621
-28% -$277K
LPAA
22
Launch One Acquisition Corp
LPAA
$81.2M
$661K 0.58%
65,823
-9,177
-12% -$91.8K
YHNA
23
YHN Acquisition I Ltd
YHNA
$46.8M
$638K 0.56%
+63,450
New +$636K
LEGT
24
DELISTED
Legato Merger Corp III
LEGT
$616K 0.54%
59,900
-17,268
-22% -$177K
EURK
25
Eureka Acquisition Corp
EURK
$26.5M
$611K 0.53%
60,100
– –
1
2 3 4

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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 Q4 2024 Portfolio in Review

As of Q4 2024, Fir Tree Capital Management held 96 positions worth $114M, down 46% from $210M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Fir Tree Capital Management withdrew a net $83.4M in Q4 2024, closing 45 positions and reducing 23 holdings. Its most notable exit was Antero Resources, an estimated $17.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 39% a quarter earlier, followed by Industrials and Technology.

Against the trend, Fir Tree Capital Management opened a new position in Rising Dragon Acquisition Corp worth $2.25M.

  • Fir Tree Capital Management's largest Q4 2024 buy was Rising Dragon Acquisition Corp: 224,450 shares worth $2.25M.
  • Fir Tree Capital Management added most to Aimei Health Technology Co in Q4 2024, an estimated $2.86M increase.
  • Fir Tree Capital Management's biggest Q4 2024 reduction was Bukit Jalil Global Acquisition 1, cutting an estimated $3.08M.
  • Fir Tree Capital Management fully exited Antero Resources in Q4 2024, selling an estimated $17.2M.
  • Fir Tree Capital Management's ten largest holdings make up 80% of its $114M portfolio in Q4 2024.
  • Fir Tree Capital Management opened 19 new positions and closed 45 in Q4 2024.
  • Fir Tree Capital Management's portfolio value fell 46% quarter-over-quarter to $114M.

Based on Fir Tree Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.