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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
-4.55%
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
$5.03M
AUM Growth
-$109M
Cap. Flow
-$109M
Cap. Flow %
-2,168.38%
Top 10 Hldgs %
100%
Holding
52
New
1
Increased
–
Reduced
–
Closed
51

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$5.28M

Top Sells

Rank Stock Value
1
AFJK
Aimei Health Technology Co
AFJK
+$4.59M
2
KVAC icon
Keen Vision Acquisition Corp
KVAC
+$3.02M
3
RDAC
Rising Dragon Acquisition Corp
RDAC
+$2.25M
4
DYCQ
DT Cloud Acquisition Corp
DYCQ
+$2.17M
5
AITR
AI Transportation Acquisition Corp
AITR
+$2.15M

Sector Composition

Rank Sector Weight
1 Energy 0%
2 Financials 0%
3 Industrials 0%
4 Technology 0%
5 Utilities 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$5.03M 100%
+8,991
New +$5.28M
AFJK
2
Aimei Health Technology Co
AFJK
$38M
– –
-436,016
Closed -$4.59M
ANSC
3
Agriculture & Natural Solutions Acquisition Corp
ANSC
$477M
– –
-50,000
Closed -$525K
BAYA
4
DELISTED
Bayview Acquisition Corp
BAYA
– –
-151,908
Closed -$1.62M
BUJA
5
DELISTED
Bukit Jalil Global Acquisition 1
BUJA
– –
-142,029
Closed -$1.57M
KVAC icon
6
Keen Vision Acquisition Corp
KVAC
$68.8M
– –
-275,275
Closed -$3.02M
LQD icon
7
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.5B
– –
-376,400
Closed -$40.2M
NETD
8
DELISTED
Nabors Energy Transition Corp II
NETD
– –
-49,191
Closed -$531K
OAKU
9
DELISTED
Oak Woods Acquisition Corp
OAKU
– –
-82,210
Closed -$933K
RSP icon
10
CALL
Invesco S&P 500 Equal Weight ETF
RSP
$98.2B
– –
-179,800
Closed -$31.5M
SPKL
11
Spark I Acquisition Corp
SPKL
$101M
– –
-50,000
Closed -$532K
JVSA
12
DELISTED
JV SPAC Acquisition Corp
JVSA
– –
-199,381
Closed -$2.08M
LEGT
13
DELISTED
Legato Merger Corp III
LEGT
– –
-59,900
Closed -$616K
DYCQ
14
DELISTED
DT Cloud Acquisition Corp
DYCQ
– –
-207,531
Closed -$2.17M
BKHA
15
Black Hawk Acquisition Corp
BKHA
$50.3M
– –
-75,000
Closed -$779K
CUB
16
Lionheart Holdings
CUB
$283M
– –
-39,031
Closed -$395K
HDRN
17
Hadron Energy
HDRN
$116M
– –
-59,400
Closed -$593K
GPAT
18
GP-Act III Acquisition Corp
GPAT
$392M
– –
-28,846
Closed -$293K
RFAI
19
RF Acquisition Corp II
RFAI
$92.6M
– –
-48,136
Closed -$492K
MACI
20
Melar Acquisition Corp I
MACI
$236M
– –
-30,497
Closed -$307K
ALF
21
Centurion Acquisition Corp
ALF
$390M
– –
-26,129
Closed -$264K
FSHP
22
Flag Ship Acquisition Corp
FSHP
– –
-89,761
Closed -$912K
TONT
23
Graf Global Corp
TONT
$154M
– –
-30,885
Closed -$312K
SIMA
24
SIM Acquisition Corp I
SIMA
$89.9M
– –
-75,000
Closed -$753K
LPAA
25
Launch One Acquisition Corp
LPAA
$81.2M
– –
-65,823
Closed -$661K
1
2 3

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AVM
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PC
Prysm Capital Princeton, New Jersey $10.6M AUM 2.38% 1-Year Est. Return
WHP
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ADIM
Alpha DNA Investment Management Columbia, Maryland $8.98M AUM 26.05% 1-Year Est. Return
CAWM
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AI
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CP
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Fir Tree Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Fir Tree Capital Management held 52 positions worth $5.03M, down 96% from $114M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Fir Tree Capital Management withdrew a net $109M in Q1 2025, closing 51 positions. Its most notable exit was Aimei Health Technology Co, an estimated $4.59M position sold in full.

By sector, the portfolio is most concentrated in Energy at 0% of assets, down from 0.65% a quarter earlier, followed by Financials and Industrials.

Against the trend, Fir Tree Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $5.03M.

  • Fir Tree Capital Management's largest Q1 2025 buy was State Street SPDR S&P 500 ETF Trust: 8,991 shares worth $5.03M.
  • Fir Tree Capital Management fully exited Aimei Health Technology Co in Q1 2025, selling an estimated $4.59M.
  • Fir Tree Capital Management's ten largest holdings make up 100% of its $5.03M portfolio in Q1 2025.
  • Fir Tree Capital Management opened 1 new position and closed 51 in Q1 2025.
  • Fir Tree Capital Management's portfolio value fell 96% quarter-over-quarter to $5.03M.

Based on Fir Tree Capital Management's 13F filing for Q1 2025, filed 15 May 2025.