Managers / Q4 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 $186M in U.S.-listed holdings across 6 positions for Q4 2022.
The portfolio is heavily concentrated: BRSP alone accounts for 31.6% of reported value.
Compared with Q3 2022, the fund opened 0 new positions and exited 4.
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 · 61.2% · $114M
- REIT · 31.6% · $59M
- GLOBAL · 7.2% · $13M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PARRPAR PAC HOLDINGS INC | SOLD OUT | −2.31M | 0 | −$38M | $0 |
| OPTUALTICE USA INC | SOLD OUT | −4.00M | 0 | −$23M | $0 |
| ISTAR INC | SOLD OUT | −2.00M | 0 | −$19M | $0 |
| VROOM INC | SOLD OUT | −20.00M | 0 | −$6M | $0 |
| CZRCAESARS ENTERTAINMENT INC NE | TRIMMED | −900.0K | 100.0K | −$28M | $4M |
| AVAHAVEANNA HEALTHCARE HLDGS INC | TRIMMED | −4.21M | 4.79M | −$10M | $4M |
| CSTMCONSTELLIUM SE | TRIMMED | −1.00M | 4.00M | −$3M | $47M |
| THCTENET HEALTHCARE CORP | TRIMMED | −203.9K | 1.20M | −$14M | $58M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BRSPBRIGHTSPIRE CAPITAL INChistory → | COM CL A | 31.60% | $59M | 9.41M |
| 2 | THCTENET HEALTHCARE CORPhistory → | COM NEW | 31.44% | $58M | 1.20M |
| 3 | CSTMCONSTELLIUM SEhistory → | CL A SHS | 25.49% | $47M | 4.00M |
| 4 | INNOVATE CORP | NOTE 7.500% 8/0 | 7.23% | $13M | 16.55M |
| 5 | CZRCAESARS ENTERTAINMENT INC NEhistory → | COM | 2.24% | $4M | 100.0K |
| 6 | AVAHAVEANNA HEALTHCARE HLDGS INChistory → | COM | 2.01% | $4M | 4.79M |
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 ↗.