SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Nut Tree Capital Management, LP

CIK 0001661655 · 55 HUDSON YARDS, 22ND FLOOR, NEW YORK, NY, 10001 · 212-418-1292

Reported Value
$924M
Q1 2022
Positions
12
Filings on Record
31
2019–present window
Filed
May 16, 2022
original filing

Summary

Nut Tree Capital Management, LP reported $924M in U.S.-listed holdings across 12 positions for Q1 2022.

Its largest position, THC, represents 13.0% of the portfolio.

Compared with Q4 2021, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+7.6%
vs prior filed quarter
Top-10 Concentration
+55.6%
share of reported value
Largest Position
+13.0%
Tenet Healthcare
New / Exited
2 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $84MQ4 ’18Q1 ’19: $130MQ2 ’19: $184MQ3 ’19: $326MQ4 ’19: $220MQ4 ’19Q1 ’20: $223MQ2 ’20: $317MQ3 ’20: $330MQ4 ’20: $448MQ4 ’20Q1 ’21: $480MQ2 ’21: $483MQ3 ’21: $470MQ4 ’21: $517MQ4 ’21Q1 ’22: $924MQ2 ’22: $888MQ3 ’22: $325MQ4 ’22: $186MQ4 ’22Q1 ’23: $324MQ2 ’23: $308MQ3 ’23: $271MQ4 ’23: $308MQ4 ’23Q1 ’24: $361MQ2 ’24: $391MQ3 ’24: $443MQ4 ’24: $292MQ4 ’24Q1 ’25: $307MQ2 ’25: $340MQ3 ’25: $433MQ4 ’25: $531MQ4 ’25Q1 ’26: $245Mfilingsflow.com

Portfolio Composition

By security type
ETP: 43.3%Common Stock: 30.3%Other: 11.9%REIT: 10.2%PUBLIC: 2.2%Other: 2.1%
  • ETP · 43.3% · $400M
  • Common Stock · 30.3% · $280M
  • Other · 11.9% · $110M
  • REIT · 10.2% · $95M
  • PUBLIC · 2.2% · $20M
  • Other · 2.1% · $19M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+1.95M1.95M+$400M$400M
CZRCAESARS ENTERTAINMENT INC NENEW+650.0K650.0K+$50M$50M
PCGPG&E CORPSOLD OUT−1.00M0−$12M$0
OPTUALTICE USA INCADDED+1.00M4.00M+$1M$50M
AVAHAVEANNA HEALTHCARE HLDGS INCADDED+769.2K6.20M−$19M$21M
CONSTELLIUM SEADDED+195.8K3.50M+$4M$63M
BRSPBRIGHTSPIRE CAPITAL INCHELD+219.4K10.22M−$8M$95M
THCTENET HEALTHCARE CORPHELD−10.4K1.40M+$5M$120M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2022

10 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1THCTENET HEALTHCARE CORPhistory →COM NEW13.03%$120M1.40M
2BRSPBRIGHTSPIRE CAPITAL INChistory →COM CL A10.23%$95M10.22M
3CONSTELLIUM SECL A SHS6.81%$63M3.50M
4CZRCAESARS ENTERTAINMENT INC NEhistory →COM5.44%$50M650.0K
5OPTUALTICE USA INChistory →CL A5.40%$50M4.00M
6ISTAR INCCOM5.07%$47M2.00M
7PARRPAR PAC HOLDINGS INChistory →COM NEW4.11%$38M2.91M
8AVAHAVEANNA HEALTHCARE HLDGS INChistory →COM2.29%$21M6.20M
9EPR PPTYSCONV PFD 9% SR E · PFD C CV 5.75%2.21%$20M701.3K
10INNOVATE CORPNOTE 7.500% 8/02.07%$19M16.55M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$245M4May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$531M9Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$433M8Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$340M10Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$307M12May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$292M10Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$443M13Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$391M15Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024REVEALED$361M11May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$308M11Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$271M9Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$308M8Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$324M10May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$186M6Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$325M10Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$888M12Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$924M12May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$517M11Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$470M11Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$483M10Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$480M12May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$448M11Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$330M13Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$317M14Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$223M18May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$220M11Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$326M14Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$184M11Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$130M10May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$84M9Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.