Fir Tree Capital Management LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Fir Tree Capital Management LP reported 1 stock position worth $5.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 100.0% of the portfolio. Compared with Q4 2024, it opened 1 new position and sold out of 48. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale an exit from Aimei Health Technology (AFJK).

Most Recent 13F
Q2 2025
Location
New York, NY
CIK
0001056491
Portfolio Value
$5.0M (Q1 2025)
SEC Filing
0001172661-25-002158 ↗ filed May 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $234.3M Q1 2024 Q2 2024: $131.2M Q2 2024 Q3 2024: $130.9M Q3 2024 Q4 2024: $42.6M Q4 2024 Q1 2025: $5.0M $5.0M Q1 2025 Q2 2025: $0 Q2 2025

Holdings 1 stocks · $5.0M
SPY SS SPDR S&P 500 ETF Trust-US 100.00% 8,991 $5.0M New

Portfolio Sells Q4 2024 → Q1 2025
AFJK Aimei Health Technology Co. Sold out 0.00% −10.77
KVACF Keen Vision Acquisition Corp. Sold out 0.00% −7.09
RDAC Rising Dragon Acquisition Co. Sold out 0.00% −5.28
DYCQ DT Cloud Acquisition Corp. Sold out 0.00% −5.09
AITR AI Transportation Acquisitio Sold out 0.00% −5.05
JVSA Jvspac Acquisition Corp. Class A Sold out 0.00% −4.89
EGRVF Evergreen Corporation Class A Sold out 0.00% −3.98
BAYA Bayview Acquisition Corp. Class A Sold out 0.00% −3.81
BUJA Bukit Jalil Global Acquisiti Sold out 0.00% −3.67
CHAR Charlton Aria Acquisiti Class A Sold out 0.00% −3.36
OAKU Oak Woods Acquisition Corp. Class A Sold out 0.00% −2.19
FSHP Flag Ship Acquisition Corp. Sold out 0.00% −2.14
BKHA Black Hawk Acquisition Cor-A Sold out 0.00% −1.83
JACS.U Jackson Acquisition Co. II Sold out 0.00% −1.77
HSPTU Horizon Space Acquisition II Sold out 0.00% −1.77
ARES ACQUISITION CORP II Sold out 0.00% −1.77
SIMA Sim Acquisition Corp. I-A Sold out 0.00% −1.77
FTW Eqv Ventures Acquisition C-A Sold out 0.00% −1.76
VLOS Velos Acquisition I Corp. Sold out 0.00% −1.71
LPAA Launch One Acquisition Corp. Sold out 0.00% −1.55
YHNA YHN Acquisition I Ltd. Sold out 0.00% −1.50
LEGT Legato Merger Corp. III Sold out 0.00% −1.45
EURK Eureka Acquisition Corp. Sold out 0.00% −1.43
HDRN Hadron Energy Inc. Sold out 0.00% −1.39
SPKLF Spark I Acquisition Corp. Sold out 0.00% −1.25
NETD Nabors Energy Transition C-A Sold out 0.00% −1.25
ANSC Agriculture & Natural Soluti Sold out 0.00% −1.23
CAPN Cayson Acquisition Corp. Sold out 0.00% −1.18
FVN Future Vision II Acquisition Sold out 0.00% −1.18
LPBB Launch Two Acquisition Class A Sold out 0.00% −1.17
GSRT GSR III Acquisition Corp. Sold out 0.00% −1.16
FACT Fact II Acquisition Corp. Sold out 0.00% −1.16
MRLN Merlin Inc. Sold out 0.00% −1.16
RFAI RF Acquisition Corp. II Sold out 0.00% −1.15
OACC Oaktree Acquisition Corp. I-A Sold out 0.00% −1.07
BSII Black Spade Acquisition II C Sold out 0.00% −1.07
ALDF Aldel Financial II Inc. Sold out 0.00% −1.06
BEAG Bold Eagle Acquisition Cor-A Sold out 0.00% −1.06
AAM Aa Mission Acquisition Cor-A Sold out 0.00% −1.00
CUB Lionheart Holdings Class A Sold out 0.00% −0.93
TONT Graf Global Corp. Class A Sold out 0.00% −0.73
MACI Melar Acquisition Corp. I-A Sold out 0.00% −0.72
GPAT GP-Act III Acquisition-A Sold out 0.00% −0.69
ALF Centurion Acquisition Corp. Sold out 0.00% −0.62
VCIC Vine Hill Capital Class A Sold out 0.00% −0.59
POLE Andretti Acquisition Corp. Class A Sold out 0.00% −0.59
VACH Voyager Acquisition Corp. Sold out 0.00% −0.50
IMSR Terrestrial Energy Inc. Sold out 0.00% −0.48

Portfolio Buys Q4 2024 → Q1 2025
SPY SS SPDR S&P 500 ETF Trust-US New 100.00% +100.00

Options Activity Q4 2024 → Q1 2025
LQD Ishr Ibx Usd Invgd CB ETF-Ui call Sold out 376,400 $40.2Mbefore exit
RSP Invesco S&P 500 Equal Weight call Sold out 179,800 $31.5Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2024 → Q1 2025
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 Sold out 20,200 $3Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2025 0$0
Q1 2025 1$5.0MSPY
Q4 2024 48$42.6MAFJK, KVACF, RDAC, DYCQ, AITR
Q3 2024 74$130.9MAR, LBTYA, BUJA, KVACF, EGRVF
Q2 2024 81$131.2MAAP, AR, MONTEREY CAP ACQUISITION COR, BUJA, EGRVF
Q1 2024 105$234.3MAAP, SIX, KBR, ODP, FRLA