Fir Tree

Fir Tree as of Dec. 31, 2010

Portfolio Holdings for Fir Tree

Fir Tree holds 48 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
JPMorgan Chase & Co. (JPM) 10.8 $505M 12M 42.42
Spdr S&p 500 Etf (SPY) 9.2 $428M 3.4M 125.78
Microsoft Corporation (MSFT) 8.9 $413M 15M 27.91
Activision Blizzard 8.3 $386M 31M 12.44
Pfizer (PFE) 7.9 $367M 21M 17.51
Equinix 7.2 $337M 4.2M 81.26
Time Warner 5.0 $230M 7.2M 32.17
Transocean (RIG) 4.5 $209M 3.0M 69.51
CVS Caremark Corporation (CVS) 4.0 $186M 5.3M 34.77
Citi 3.2 $149M 32M 4.73
WellPoint 2.3 $106M 1.9M 56.86
Amdocs Ltd ord (DOX) 2.1 $98M 3.6M 27.47
General Motors Company (GM) 2.0 $93M 2.5M 36.86
Williams Companies (WMB) 2.0 $92M 3.7M 24.72
Motorola 1.9 $91M 10M 9.07
Qualcomm (QCOM) 1.7 $79M 1.6M 49.49
Medco Health Solutions 1.6 $77M 1.2M 61.27
UnitedHealth (UNH) 1.2 $57M 1.6M 36.11
MGM Resorts International. (MGM) 1.2 $57M 3.8M 14.85
Via 1.1 $52M 1.3M 39.61
Lear Corporation (LEA) 1.1 $50M 507k 98.71
Chinacast Education Corporation (CAST) 1.0 $47M 6.0M 7.76
Packaging Corporation of America (PKG) 1.0 $46M 1.8M 25.84
Market Vectors Gold Miners ETF 1.0 $46M 753k 61.47
MGIC Investment (MTG) 1.0 $46M 4.5M 10.19
iStar Financial 0.8 $37M 4.7M 7.82
Oracle Corporation (ORCL) 0.8 $35M 1.1M 31.30
Mgic Invt Corp Wis note 5.000% 5/0 0.8 $35M 30M 1.16
Hampton Roads Bankshares (HMPR) 0.7 $33M 83M 0.40
CIGNA Corporation 0.7 $32M 878k 36.66
Intuit (INTU) 0.7 $31M 630k 49.30
Retail Opportunity Investments (ROIC) 0.7 $31M 3.2M 9.91
Radian (RDN) 0.6 $26M 3.2M 8.07
Liberty Media 0.5 $22M 332k 66.48
Pmi Group 0.5 $22M 6.6M 3.30
Smurfit-stone Container Corp 0.4 $17M 650k 25.60
Mbia (MBI) 0.3 $16M 1.3M 11.99
Capitol Federal Financial 0.3 $13M 1.1M 11.91
NCR Corporation (VYX) 0.3 $12M 800k 15.37
Barrick Gold Corp (GOLD) 0.2 $10M 190k 53.18
Newmont Mining Corporation (NEM) 0.2 $9.4M 153k 61.43
Clear Channel Outdoor Holdings 0.2 $9.2M 658k 14.04
PennyMac Mortgage Investment Trust (PMT) 0.1 $6.6M 363k 18.15
Retail Opportunity Invts Cor *w exp 10/23/201 0.1 $3.0M 4.4M 0.70
Millennium India Acquisition Company (MILC) 0.1 $3.2M 1.2M 2.55
Cazador Acquisition Corporat 0.1 $2.7M 280k 9.65
Rite Aid Corporation 0.0 $2.0M 2.2M 0.88
Cazador Acquisition Corporat *w exp 99/99/999 0.0 $92k 280k 0.33