Managers / Q3 2022 · view latest →
Nut Tree Capital Management, LP
CIK 0001661655 · 55 HUDSON YARDS, 22ND FLOOR, NEW YORK, NY, 10001 · 212-418-1292
Summary
Nut Tree Capital Management, LP reported $325M in U.S.-listed holdings across 10 positions for Q3 2022.
The portfolio is heavily concentrated: THC alone accounts for 22.2% of reported value.
Compared with Q2 2022, the fund opened 1 new position and exited 3.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 70.8% · $230M
- REIT · 18.3% · $59M
- Other · 5.7% · $19M
- GLOBAL · 3.3% · $11M
- US DOMESTIC · 1.8% · $6M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VROOM INC | NEW | +20.00M | 20.00M | +$6M | $6M |
| IWMISHARES TR | SOLD OUT | −2.92M | 0 | −$495M | $0 |
| EPR PPTYS | SOLD OUT | −315.0K | 0 | −$9M | $0 |
| EPR PPTYS | SOLD OUT | −386.3K | 0 | −$9M | $0 |
| CSTMCONSTELLIUM SE | ADDED | +730.5K | 5.00M | −$6M | $51M |
| OPTUALTICE USA INC | HELD | +0 | 4.00M | −$14M | $23M |
| BRSPBRIGHTSPIRE CAPITAL INC | HELD | +0 | 9.41M | −$12M | $59M |
| ISTAR INC | HELD | +0 | 2.00M | −$9M | $19M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | THCTENET HEALTHCARE CORPhistory → | COM NEW | 22.25% | $72M | 1.40M |
| 2 | BRSPBRIGHTSPIRE CAPITAL INChistory → | COM CL A | 18.30% | $59M | 9.41M |
| 3 | CSTMCONSTELLIUM SEhistory → | CL A SHS | 15.62% | $51M | 5.00M |
| 4 | PARRPAR PAC HOLDINGS INChistory → | COM NEW | 11.69% | $38M | 2.31M |
| 5 | CZRCAESARS ENTERTAINMENT INC NEhistory → | COM | 9.94% | $32M | 1.00M |
| 6 | OPTUALTICE USA INChistory → | CL A | 7.18% | $23M | 4.00M |
| 7 | ISTAR INC | COM | 5.71% | $19M | 2.00M |
| 8 | AVAHAVEANNA HEALTHCARE HLDGS INChistory → | COM | 4.16% | $14M | 9.00M |
| 9 | INNOVATE CORP | NOTE 7.500% 8/0 | 3.30% | $11M | 16.55M |
| 10 | VROOM INC | NOTE 0.750% 7/0 | 1.85% | $6M | 20.00M |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $245M | 4 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $531M | 9 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $433M | 8 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $340M | 10 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $307M | 12 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $292M | 10 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $443M | 13 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $391M | 15 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024REVEALED | $361M | 11 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $308M | 11 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $271M | 9 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $308M | 8 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $324M | 10 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $186M | 6 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $325M | 10 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $888M | 12 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $924M | 12 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $517M | 11 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $470M | 11 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $483M | 10 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $480M | 12 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $448M | 11 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $330M | 13 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $317M | 14 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $223M | 18 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $220M | 11 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $326M | 14 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $184M | 11 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $130M | 10 | May 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $84M | 9 | Feb 14, 2019 | 13F-HR | changes · 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 ↗.