Fir Tree Capital Management LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Fir Tree Capital Management LP reported 48 stock positions worth $42.6 million. Its top holding was Aimei Health Technology (AFJK) at 10.8% of the portfolio, followed by Keen Vision Acquisition (KVACF, 7.1%) and Rising Dragon Acquisition (RDAC, 5.3%). Compared with Q3 2024, it opened 12 new positions, sold out of 38, added to 3 and reduced 25. The biggest buy was Aimei Health Technology (AFJK, shares +163%) and the biggest sale an exit from Antero Resources (AR).
- Most Recent 13F
- Q2 2025
- Location
- New York, NY
- CIK
- 0001056491
- Portfolio Value
- $42.6M (Q4 2024)
- SEC Filing
- 0001172661-25-001062 ↗ filed Feb 14, 2025
Holdings Value
Holdings 48 stocks · $42.6M
| AFJK Aimei Health Technology Co. | 10.77% | 436,016 | $4.6M | Add +163.1% |
| KVACF Keen Vision Acquisition Corp. | 7.09% | 275,275 | $3.0M | Reduce -31.2% |
| RDAC Rising Dragon Acquisition Co. | 5.28% | 224,450 | $2.2M | New |
| DYCQ DT Cloud Acquisition Corp. | 5.09% | 207,531 | $2.2M | Add +29.8% |
| AITR AI Transportation Acquisitio | 5.05% | 200,000 | $2.2M | Reduce -5.1% |
| JVSA Jvspac Acquisition Corp. Class A | 4.89% | 199,381 | $2.1M | Add +0.8% |
| EGRVF Evergreen Corporation Class A | 3.98% | 142,761 | $1.7M | Reduce -59.2% |
| BAYA Bayview Acquisition Corp. Class A | 3.81% | 151,908 | $1.6M | Reduce -53.3% |
| BUJA Bukit Jalil Global Acquisiti | 3.67% | 142,029 | $1.6M | Reduce -66.3% |
| CHAR Charlton Aria Acquisiti Class A | 3.36% | 143,700 | $1.4M | New |
| OAKU Oak Woods Acquisition Corp. Class A | 2.19% | 82,210 | $933K | Reduce -71.6% |
| FSHP Flag Ship Acquisition Corp. | 2.14% | 89,761 | $912K | Reduce -40.2% |
| BKHA Black Hawk Acquisition Cor-A | 1.83% | 75,000 | $779K | No change |
| JACS.U Jackson Acquisition Co. II | 1.77% | 75,000 | $755K | New |
| HSPTU Horizon Space Acquisition II | 1.77% | 75,000 | $754K | New |
| ARES ACQUISITION CORP II | 1.77% | 68,600 | $753K | Reduce -1.6% |
| SIMA Sim Acquisition Corp. I-A | 1.77% | 75,000 | $753K | No change |
| FTW Eqv Ventures Acquisition C-A | 1.76% | 75,000 | $749K | Reduce -25.0% |
| VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP | 1.71% | 72,379 | $728K | Reduce -27.6% |
| LPAA Launch One Acquisition Corp. | 1.55% | 65,823 | $661K | Reduce -12.2% |
| YHNA YHN Acquisition I Ltd. | 1.50% | 63,450 | $638K | New |
| LEGT Legato Merger Corp. III | 1.45% | 59,900 | $616K | Reduce -22.4% |
| EURK Eureka Acquisition Corp. | 1.43% | 60,100 | $611K | No change |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 1.39% | 59,400 | $593K | Reduce -34.0% |
| SPKLF Spark I Acquisition Corp. | 1.25% | 50,000 | $532K | No change |
| NETD Nabors Energy Transition C-A | 1.25% | 49,191 | $531K | Reduce -2.4% |
| ANSC Agriculture & Natural Soluti | 1.23% | 50,000 | $525K | No change |
| CAPN Cayson Acquisition Corp. | 1.18% | 50,000 | $505K | Reduce -66.7% |
| FVN Future Vision II Acquisition | 1.18% | 50,000 | $501K | No change |
| LPBB Launch Two Acquisition Class A | 1.17% | 50,000 | $498K | New |
| GSRT GSR III Acquisition Corp. | 1.16% | 50,000 | $495K | New |
| FACT Fact II Acquisition Corp. | 1.16% | 50,000 | $494K | New |
| MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR | 1.16% | 50,000 | $493K | New |
| RFAI RF Acquisition Corp. II | 1.15% | 48,136 | $492K | Reduce -3.7% |
| OACC Oaktree Acquisition Corp. I-A | 1.07% | 45,800 | $458K | New |
| BSII Black Spade Acquisition II C | 1.07% | 45,900 | $456K | Reduce -38.8% |
| ALDF Aldel Financial II Inc. | 1.06% | 45,650 | $454K | New |
| BEAG Bold Eagle Acquisition Cor-A | 1.06% | 45,780 | $451K | New |
| AAM Aa Mission Acquisition Cor-A | 1.00% | 42,379 | $428K | Reduce -71.8% |
| CUB Lionheart Holdings Class A | 0.93% | 39,031 | $395K | Reduce -21.9% |
| TONT Graf Global Corp. Class A | 0.73% | 30,885 | $312K | Reduce -0.9% |
| MACI Melar Acquisition Corp. I-A | 0.72% | 30,497 | $307K | Reduce -39.0% |
| GPAT GP-Act III Acquisition-A | 0.69% | 28,846 | $293K | Reduce -42.3% |
| ALF Centurion Acquisition Corp. | 0.62% | 26,129 | $264K | Reduce -47.7% |
| VCIC Vine Hill Capital Class A | 0.59% | 25,000 | $251K | No change |
| POLE Andretti Acquisition Corp. Class A | 0.59% | 25,000 | $250K | No change |
| VACH Voyager Acquisition Corp. | 0.50% | 21,100 | $212K | Reduce -57.8% |
| IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP | 0.48% | 20,519 | $206K | Reduce -59.0% |
Options reported separately and not counted above: LQD calls ($40.2M), RSP calls ($31.5M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 20,200 | $3K | New |
Total filed on the 13F, all lines: $42.6M.
Portfolio Sells Q3 2024 → Q4 2024
| AR Antero Resources Corp. | Sold out | 0.00% | −13.14 |
| LBTYA Liberty Global Ltd. Class A | Sold out | 0.00% | −12.10 |
| WELNF Integrated Wellness Acq - A | Sold out | 0.00% | −3.04 |
| APXIF Apx Acquisition Corp. I | Sold out | 0.00% | −2.44 |
| DTSQ DT Cloud Star Acquisition Co. | Sold out | 0.00% | −2.29 |
| FORL Four Leaf Acquisition Cor-A | Sold out | 0.00% | −2.25 |
| HCVI Hennessy Capital Invest Class A | Sold out | 0.00% | −2.24 |
| CLRCF Climaterock Class A | Sold out | 0.00% | −2.10 |
| KACLF Kairous Acquisition Corp. Ltd. | Sold out | 0.00% | −1.72 |
| TMTC TMT Acquisition Corp. Class A | Sold out | 0.00% | −1.72 |
| COLOMBIER ACQUISITION CORP | Sold out | 0.00% | −1.57 |
| CRTAF Cartica Acquisition Corp. Class A | Sold out | 0.00% | −1.54 |
| MSSAF Metal SKY Star Acquisition C | Sold out | 0.00% | −1.53 |
| LATG Chenghe Acquisition I Co. | Sold out | 0.00% | −1.41 |
| HSPOF Horizon Space Acquisition I | Sold out | 0.00% | −1.28 |
| LCW Learn CW Investment Corp. Class A | Sold out | 0.00% | −1.25 |
| UCFI CN Healthy Food Tech Group C | Sold out | 0.00% | −1.19 |
| DPCS DP Cap Acquisition Corp. Class A | Sold out | 0.00% | −1.12 |
| YHNAU YHN Acquisition I Ltd. | Sold out | 0.00% | −0.90 |
| SVIIF Spring Valley Acquisition-A | Sold out | 0.00% | −0.86 |
| MARX Mars Acquisition Corp. | Sold out | 0.00% | −0.84 |
| TETEF Technology & Telecommunicati | Sold out | 0.00% | −0.75 |
| ALSAF Alpha Star Acquisition Corp. | Sold out | 0.00% | −0.72 |
| IVCBF Invest Acquisition Corp. | Sold out | 0.00% | −0.68 |
| USAR USA Rare Earth Inc. | Sold out | 0.00% | −0.66 |
| ISRLF Israel Acquisitions Corp. Class A | Sold out | 0.00% | −0.62 |
| ALPHATIME ACQUISITION CORP | Sold out | 0.00% | −0.60 |
| QETA Quetta Acquisition Corp. | Sold out | 0.00% | −0.56 |
| CCTSF Cactus Acquisition Corp. 1 LT | Sold out | 0.00% | −0.53 |
| CHEB Chenghe Acquisition II Co. | Sold out | 0.00% | −0.46 |
| ALCYF Alchemy Investments Acquisit | Sold out | 0.00% | −0.45 |
| SBXUF Silverbox Corp. IV | Sold out | 0.00% | −0.38 |
| CCIX Churchill Capital Corp. Ix | Sold out | 0.00% | −0.38 |
| CEP Cantor Equity Partners Inc. | Sold out | 0.00% | −0.38 |
| SKGR SK Growth Opportunities Co. Class A | Sold out | 0.00% | −0.38 |
| OAKU Oak Woods Acquisition Corp. Class A | Reduce -71.6% | 2.19% | −0.27 |
| BCSA Blockchain Coinvestors Class A | Sold out | 0.00% | −0.23 |
| ALPHAVEST ACQUISITION CORP | Sold out | 0.00% | −0.21 |
| BOWN Bowen Acquisition Corp. | Sold out | 0.00% | −0.16 |
| AAM Aa Mission Acquisition Cor-A | Reduce -71.8% | 1.00% | −0.14 |
| CAPN Cayson Acquisition Corp. | Reduce -66.7% | 1.18% | +0.04 |
| IMSR Terrestrial Energy Inc. | Reduce -59.0% | 0.48% | +0.10 |
| VACH Voyager Acquisition Corp. | Reduce -57.8% | 0.50% | +0.12 |
| BUJA Bukit Jalil Global Acquisiti | Reduce -66.3% | 3.67% | +0.16 |
| ALF Centurion Acquisition Corp. | Reduce -47.7% | 0.62% | +0.24 |
| GPAT GP-Act III Acquisition-A | Reduce -42.3% | 0.69% | +0.30 |
| MACI Melar Acquisition Corp. I-A | Reduce -39.0% | 0.72% | +0.34 |
| TONT Graf Global Corp. Class A | Reduce -0.9% | 0.73% | +0.49 |
| BSII Black Spade Acquisition II C | Reduce -38.8% | 1.07% | +0.50 |
| CUB Lionheart Holdings Class A | Reduce -21.9% | 0.93% | +0.54 |
Portfolio Buys Q3 2024 → Q4 2024
| AFJK Aimei Health Technology Co. | Add +163.1% | 10.77% | +9.45 |
| RDAC Rising Dragon Acquisition Co. | New | 5.28% | +5.28 |
| DYCQ DT Cloud Acquisition Corp. | Add +29.8% | 5.09% | +3.83 |
| CHAR Charlton Aria Acquisiti Class A | New | 3.36% | +3.36 |
| JVSA Jvspac Acquisition Corp. Class A | Add +0.8% | 4.89% | +3.33 |
| JACS.U Jackson Acquisition Co. II | New | 1.77% | +1.77 |
| HSPTU Horizon Space Acquisition II | New | 1.77% | +1.77 |
| YHNA YHN Acquisition I Ltd. | New | 1.50% | +1.50 |
| LPBB Launch Two Acquisition Class A | New | 1.17% | +1.17 |
| GSRT GSR III Acquisition Corp. | New | 1.16% | +1.16 |
| FACT Fact II Acquisition Corp. | New | 1.16% | +1.16 |
| MRLN Merlin Inc. | New | 1.16% | +1.16 |
| OACC Oaktree Acquisition Corp. I-A | New | 1.07% | +1.07 |
| ALDF Aldel Financial II Inc. | New | 1.06% | +1.06 |
| BEAG Bold Eagle Acquisition Cor-A | New | 1.06% | +1.06 |
Options Activity Q3 2024 → Q4 2024
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | call | Add +79.2% | 376,400 | $40.2M |
| RSP Invesco S&P 500 Equal Weight | call | Reduce -28.3% | 179,800 | $31.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| OATLY GROUP AB (OTLY 9.25 09/14/28) | NOTE 9.250% 9/1 · principal | Sold out | 4,955,126 | $3.7Mbefore exit |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | Sold out | 4,000,000 | $3.5Mbefore exit |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Sold out | 3,360,000 | $3.2Mbefore exit |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | New | 20,200 | $3K |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | Sold out | 25,000 | $2Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.