Fir Tree Capital Management LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Fir Tree Capital Management LP reported 74 stock positions worth $130.9 million. Its top holding was Antero Resources (AR) at 13.1% of the portfolio, followed by Liberty Global Class A (LBTYA, 12.1%) and Bukit Jalil Global Acquisiti (BUJA, 3.5%). Compared with Q2 2024, it opened 23 new positions, sold out of 30, added to 22 and reduced 11. The biggest buy was Liberty Global Class A (LBTYA, shares +782%) and the biggest sale an exit from Advance Auto Parts (AAP).
- Most Recent 13F
- Q2 2025
- Location
- New York, NY
- CIK
- 0001056491
- Portfolio Value
- $130.9M (Q3 2024)
- SEC Filing
- 0001172661-24-004735 ↗ filed Nov 14, 2024
Holdings Value
Holdings 74 stocks · $130.9M
| AR Antero Resources Corp. | 13.14% | 600,000 | $17.2M | Add +166.7% |
| LBTYA Liberty Global Ltd. Class A | 12.10% | 750,000 | $15.8M | Add +782.4% |
| BUJA Bukit Jalil Global Acquisiti | 3.51% | 420,983 | $4.6M | Reduce -0.1% |
| KVACF Keen Vision Acquisition Corp. | 3.29% | 400,000 | $4.3M | Add +337.9% |
| EGRVF Evergreen Corporation Class A | 3.12% | 350,000 | $4.1M | No change |
| WELNF Integrated Wellness Acq - A | 3.04% | 337,750 | $4.0M | No change |
| BAYA Bayview Acquisition Corp. Class A | 2.60% | 325,100 | $3.4M | Add +550.2% |
| OAKU Oak Woods Acquisition Corp. Class A | 2.46% | 289,900 | $3.2M | Add +152.1% |
| APXIF Apx Acquisition Corp. I | 2.44% | 270,012 | $3.2M | Add +130.0% |
| DTSQ DT Cloud Star Acquisition Co. | 2.29% | 300,000 | $3.0M | New |
| FORL Four Leaf Acquisition Cor-A | 2.25% | 270,000 | $2.9M | No change |
| HCVI Hennessy Capital Invest Class A | 2.24% | 275,600 | $2.9M | Add +37.8% |
| CLRCF Climaterock Class A | 2.10% | 235,293 | $2.8M | Add +56.9% |
| KACLF Kairous Acquisition Corp. Ltd. | 1.72% | 184,110 | $2.3M | Add +2.8% |
| TMTC TMT Acquisition Corp. Class A | 1.72% | 200,000 | $2.2M | Add +65.7% |
| AITR AI Transportation Acquisitio | 1.69% | 210,707 | $2.2M | Add +953.5% |
| COLOMBIER ACQUISITION CORP | 1.57% | 200,000 | $2.1M | Add +100.0% |
| JVSA Jvspac Acquisition Corp. Class A | 1.56% | 197,850 | $2.0M | Add +182.6% |
| CRTAF Cartica Acquisition Corp. Class A | 1.54% | 176,114 | $2.0M | No change |
| MSSAF Metal SKY Star Acquisition C | 1.53% | 176,339 | $2.0M | No change |
| LATG Chenghe Acquisition I Co. | 1.41% | 159,371 | $1.8M | Add +55.5% |
| AFJK Aimei Health Technology Co. | 1.33% | 165,700 | $1.7M | Add +0.4% |
| HSPOF Horizon Space Acquisition I | 1.28% | 150,000 | $1.7M | Add +1.7% |
| DYCQ DT Cloud Acquisition Corp. | 1.26% | 159,896 | $1.6M | No change |
| LCW Learn CW Investment Corp. Class A | 1.25% | 150,000 | $1.6M | New |
| UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP | 1.19% | 153,264 | $1.6M | Add +206.5% |
| FSHP Flag Ship Acquisition Corp. | 1.15% | 150,000 | $1.5M | No change |
| AAM Aa Mission Acquisition Cor-A | 1.15% | 150,000 | $1.5M | New |
| CAPNU Cayson Acquisition Corp. | 1.15% | 150,000 | $1.5M | New |
| DPCS DP Cap Acquisition Corp. Class A | 1.12% | 127,982 | $1.5M | Add +0.2% |
| YHNAU YHN Acquisition I Ltd. | 0.90% | 117,182 | $1.2M | New |
| SVIIF Spring Valley Acquisition-A | 0.86% | 100,000 | $1.1M | No change |
| MARX Mars Acquisition Corp. | 0.84% | 100,000 | $1.1M | Reduce -0.5% |
| VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP | 0.76% | 100,000 | $1.0M | New |
| FTW Eqv Ventures Acquisition C-A | 0.76% | 100,000 | $992K | New |
| TETEF Technology & Telecommunicati | 0.75% | 80,800 | $984K | Reduce -46.1% |
| ALSAF Alpha Star Acquisition Corp. | 0.72% | 81,253 | $948K | Reduce -10.4% |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 0.68% | 90,000 | $895K | New |
| IVCBF Invest Acquisition Corp. | 0.68% | 75,000 | $884K | New |
| USAR USA Rare Earth Inc. filed as INFLECTION PT ACQUISITN CRP | 0.66% | 80,322 | $863K | No change |
| ISRLF Israel Acquisitions Corp. Class A | 0.62% | 72,552 | $810K | Reduce -55.9% |
| LEGT Legato Merger Corp. III | 0.60% | 77,168 | $787K | No change |
| ALPHATIME ACQUISITION CORP | 0.60% | 70,017 | $784K | Add +71.9% |
| BKHA Black Hawk Acquisition Cor-A | 0.59% | 75,000 | $767K | No change |
| ARES ACQUISITION CORP II | 0.58% | 69,682 | $755K | No change |
| SIMA Sim Acquisition Corp. I-A | 0.57% | 75,000 | $750K | New |
| LPAA Launch One Acquisition Corp. | 0.57% | 75,000 | $748K | New |
| BSIIU Black Spade Acquisition II C | 0.57% | 75,000 | $747K | New |
| QETA Quetta Acquisition Corp. | 0.56% | 70,200 | $731K | Add +56.0% |
| CCTSF Cactus Acquisition Corp. 1 LT | 0.53% | 60,569 | $697K | New |
| EURK Eureka Acquisition Corp. | 0.46% | 60,100 | $605K | New |
| CHEB Chenghe Acquisition II Co. | 0.46% | 59,896 | $600K | No change |
| ALCYF Alchemy Investments Acquisit | 0.45% | 53,742 | $585K | No change |
| NETD Nabors Energy Transition C-A | 0.41% | 50,400 | $537K | No change |
| SPKLF Spark I Acquisition Corp. | 0.40% | 50,000 | $525K | Reduce -33.3% |
| ANSC Agriculture & Natural Soluti | 0.40% | 50,000 | $518K | Reduce -50.0% |
| RFAI RF Acquisition Corp. II | 0.39% | 50,000 | $507K | Reduce -60.0% |
| GPAT GP-Act III Acquisition-A | 0.39% | 50,000 | $504K | Reduce -61.5% |
| SBXUF Silverbox Corp. IV | 0.38% | 50,000 | $502K | New |
| CCIX Churchill Capital Corp. Ix | 0.38% | 50,000 | $501K | No change |
| FVNNU Future Vision II Acq Corp. | 0.38% | 50,000 | $501K | New |
| CEP Cantor Equity Partners Inc. | 0.38% | 50,000 | $501K | New |
| ALF Centurion Acquisition Corp. | 0.38% | 50,000 | $501K | No change |
| CUB Lionheart Holdings Class A | 0.38% | 50,000 | $500K | Add +100.0% |
| MACI Melar Acquisition Corp. I-A | 0.38% | 50,000 | $500K | Reduce -50.0% |
| HONDU HCM II Acquisition Corp. | 0.38% | 50,000 | $500K | New |
| VACH Voyager Acquisition Corp. | 0.38% | 50,000 | $499K | New |
| SKGR SK Growth Opportunities Co. Class A | 0.38% | 43,961 | $498K | No change |
| TONT Graf Global Corp. Class A | 0.24% | 31,175 | $312K | New |
| BCSA Blockchain Coinvestors Class A | 0.23% | 25,834 | $296K | New |
| ALPHAVEST ACQUISITION CORP | 0.21% | 25,000 | $279K | Reduce -50.0% |
| POLEU Andretti Acquisition Corp. II | 0.19% | 25,000 | $250K | New |
| VCICU Vine Hill Cap Invest-Unit | 0.19% | 25,000 | $250K | New |
| BOWN Bowen Acquisition Corp. | 0.16% | 19,624 | $211K | Add +19.7% |
Options reported separately and not counted above: RSP calls ($45.0M), LQD calls ($23.7M).
Other holdings (4): bonds, preferreds, convertibles and warrants · $10.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OATLY GROUP AB (OTLY 9.25 09/14/28) | NOTE 9.250% 9/1 · principal | 4,955,126 | $3.7M | No change |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | 4,000,000 | $3.5M | Add +85.2% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 3,360,000 | $3.2M | Reduce -6.7% |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 25,000 | $2K | New |
Total filed on the 13F, all lines: $141.2M.
Portfolio Sells Q2 2024 → Q3 2024
| AAP Advance Auto Parts Inc. | Sold out | 0.00% | −14.48 |
| MONTEREY CAP ACQUISITION COR | Sold out | 0.00% | −3.55 |
| ZLSSF Zalatoris II Acquisition Cor | Sold out | 0.00% | −2.50 |
| ARYD Arya Sciences Acquisition-A | Sold out | 0.00% | −2.01 |
| NNAG 99 Acquisition Group in Class A | Sold out | 0.00% | −1.80 |
| GLOBAL PARTNER ACQISTN CORP | Sold out | 0.00% | −1.70 |
| TCOA Zalatoris Acquisition Corp. | Sold out | 0.00% | −1.69 |
| EVE Eve Mobility Acquisition C-A | Sold out | 0.00% | −1.65 |
| AFAR Aura Fat Projects Acqui Class A | Sold out | 0.00% | −1.56 |
| ASCBF A Spac II Acquisition Corp. | Sold out | 0.00% | −1.29 |
| TRTLF Tortoiseecofin Acquisition-A | Sold out | 0.00% | −1.25 |
| GDST Goldenstone Acquisition Ltd. | Sold out | 0.00% | −1.17 |
| ATLANTIC COASTAL AQSTN CORP | Sold out | 0.00% | −1.07 |
| ACAC Acri Capital Acquisition Cor | Sold out | 0.00% | −0.97 |
| MCAA Mountain & Co. I Acquisition | Sold out | 0.00% | −0.87 |
| SLAMF Slam Corp. Class A | Sold out | 0.00% | −0.85 |
| TLGYF TLGY Acquisition Corp. Class A | Sold out | 0.00% | −0.83 |
| SBXC Silverbox Corp. III-A | Sold out | 0.00% | −0.81 |
| ISRLF Israel Acquisitions Corp. Class A | Reduce -55.9% | 0.62% | −0.76 |
| TGAAF Target Global Acquisition -A | Sold out | 0.00% | −0.75 |
| RFAC RF Acquisition Corp. Class A | Sold out | 0.00% | −0.69 |
| TETEF Technology & Telecommunicati | Reduce -46.1% | 0.75% | −0.61 |
| GPAT GP-Act III Acquisition-A | Reduce -61.5% | 0.39% | −0.61 |
| RFAI RF Acquisition Corp. II | Reduce -60.0% | 0.39% | −0.57 |
| FOCUS IMPACT ACQUISITION COR | Sold out | 0.00% | −0.48 |
| ESHA Esh Acquisition Corp. Class A | Sold out | 0.00% | −0.47 |
| INTE Integral Acquisition Corp. Class A | Sold out | 0.00% | −0.46 |
| IXAQF Ix Acquisition Corp. Class A | Sold out | 0.00% | −0.44 |
| PFTA Portage Fintech Acquisitio-A | Sold out | 0.00% | −0.41 |
| MAQC Maquia Capital Acquisition-A | Sold out | 0.00% | −0.40 |
| ANSC Agriculture & Natural Soluti | Reduce -50.0% | 0.40% | −0.38 |
| MACI Melar Acquisition Corp. I-A | Reduce -50.0% | 0.38% | −0.38 |
| RRACF Rigel Resource Acquisit Class A | Sold out | 0.00% | −0.34 |
| CURR Currenc Group Inc. | Sold out | 0.00% | −0.34 |
| CDAQF Compass Digital Acquisition | Sold out | 0.00% | −0.34 |
| NOVV Nova Vision Acquisition | Sold out | 0.00% | −0.25 |
| ALPHAVEST ACQUISITION CORP | Reduce -50.0% | 0.21% | −0.21 |
| SPKLF Spark I Acquisition Corp. | Reduce -33.3% | 0.40% | −0.19 |
| ALSAF Alpha Star Acquisition Corp. | Reduce -10.4% | 0.72% | −0.07 |
| MARX Mars Acquisition Corp. | Reduce -0.5% | 0.84% | +0.01 |
| BUJA Bukit Jalil Global Acquisiti | Reduce -0.1% | 3.51% | +0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| LBTYA Liberty Global Ltd. Class A | Add +782.4% | 12.10% | +10.97 |
| AR Antero Resources Corp. | Add +166.7% | 13.14% | +7.54 |
| KVACF Keen Vision Acquisition Corp. | Add +337.9% | 3.29% | +2.55 |
| DTSQ DT Cloud Star Acquisition Co. | New | 2.29% | +2.29 |
| BAYA Bayview Acquisition Corp. Class A | Add +550.2% | 2.60% | +2.21 |
| AITR AI Transportation Acquisitio | Add +953.5% | 1.69% | +1.53 |
| OAKU Oak Woods Acquisition Corp. Class A | Add +152.1% | 2.46% | +1.51 |
| APXIF Apx Acquisition Corp. I | Add +130.0% | 2.44% | +1.40 |
| LCW Learn CW Investment Corp. Class A | New | 1.25% | +1.25 |
| AAM Aa Mission Acquisition Cor-A | New | 1.15% | +1.15 |
| CAPNU Cayson Acquisition Corp. | New | 1.15% | +1.15 |
| JVSA Jvspac Acquisition Corp. Class A | Add +182.6% | 1.56% | +1.02 |
| YHNAU YHN Acquisition I Ltd. | New | 0.90% | +0.90 |
| UCFI CN Healthy Food Tech Group C | Add +206.5% | 1.19% | +0.81 |
| CLRCF Climaterock Class A | Add +56.9% | 2.10% | +0.79 |
| COLOMBIER ACQUISITION CORP | Add +100.0% | 1.57% | +0.79 |
| VLOS Velos Acquisition I Corp. | New | 0.76% | +0.76 |
| FTW Eqv Ventures Acquisition C-A | New | 0.76% | +0.76 |
| TMTC TMT Acquisition Corp. Class A | Add +65.7% | 1.72% | +0.71 |
| HDRN Hadron Energy Inc. | New | 0.68% | +0.68 |
| IVCBF Invest Acquisition Corp. | New | 0.68% | +0.68 |
| HCVI Hennessy Capital Invest Class A | Add +37.8% | 2.24% | +0.64 |
| SIMA Sim Acquisition Corp. I-A | New | 0.57% | +0.57 |
| LPAA Launch One Acquisition Corp. | New | 0.57% | +0.57 |
| BSIIU Black Spade Acquisition II C | New | 0.57% | +0.57 |
| CCTSF Cactus Acquisition Corp. 1 LT | New | 0.53% | +0.53 |
| LATG Chenghe Acquisition I Co. | Add +55.5% | 1.41% | +0.52 |
| EURK Eureka Acquisition Corp. | New | 0.46% | +0.46 |
| SBXUF Silverbox Corp. IV | New | 0.38% | +0.38 |
| FVNNU Future Vision II Acq Corp. | New | 0.38% | +0.38 |
| CEP Cantor Equity Partners Inc. | New | 0.38% | +0.38 |
| HONDU HCM II Acquisition Corp. | New | 0.38% | +0.38 |
| VACH Voyager Acquisition Corp. | New | 0.38% | +0.38 |
| ALPHATIME ACQUISITION CORP | Add +71.9% | 0.60% | +0.26 |
| TONT Graf Global Corp. Class A | New | 0.24% | +0.24 |
| BCSA Blockchain Coinvestors Class A | New | 0.23% | +0.23 |
| QETA Quetta Acquisition Corp. | Add +56.0% | 0.56% | +0.20 |
| CUB Lionheart Holdings Class A | Add +100.0% | 0.38% | +0.19 |
| POLEU Andretti Acquisition Corp. II | New | 0.19% | +0.19 |
| VCICU Vine Hill Cap Invest-Unit | New | 0.19% | +0.19 |
| KACLF Kairous Acquisition Corp. Ltd. | Add +2.8% | 1.72% | +0.08 |
| HSPOF Horizon Space Acquisition I | Add +1.7% | 1.28% | +0.04 |
| BOWN Bowen Acquisition Corp. | Add +19.7% | 0.16% | +0.03 |
| AFJK Aimei Health Technology Co. | Add +0.4% | 1.33% | +0.03 |
| DPCS DP Cap Acquisition Corp. Class A | Add +0.2% | 1.12% | +0.02 |
Options Activity Q2 2024 → Q3 2024
| RSP Invesco S&P 500 Equal Weight | call | Add +22.9% | 250,900 | $45.0M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | call | New | 210,100 | $23.7M |
| M Macy's Inc. | call | Sold out | 760,000 | $14.6Mbefore exit |
| VSAT Viasat Inc. | call | Sold out | 62,700 | $796Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | Add +85.2% | 4,000,000 | $3.5M |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Reduce -6.7% | 3,360,000 | $3.2M |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | Sold out | 2,080,000 | $1.7Mbefore exit |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | New | 25,000 | $2K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.