SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Nut Tree Capital Management, LP

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

Reported Value
$324M
Q1 2023
Positions
10
Filings on Record
31
2019–present window
Filed
May 15, 2023
original filing

Summary

Nut Tree Capital Management, LP reported $324M in U.S.-listed holdings across 10 positions for Q1 2023.

The portfolio is heavily concentrated: THC alone accounts for 21.9% of reported value.

Compared with Q4 2022, the fund opened 4 new positions and exited 0.

Portfolio Metrics

Turnover
0.0%
vs prior filed quarter
Top-10 Concentration
+100.0%
share of reported value
Largest Position
+21.9%
Tenet Healthcare

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
Common Stock: 42.6%REIT: 22.9%Other: 18.8%US DOMESTIC: 11.5%GLOBAL: 4.2%
  • Common Stock · 42.6% · $138M
  • REIT · 22.9% · $74M
  • Other · 18.8% · $61M
  • US DOMESTIC · 11.5% · $37M
  • GLOBAL · 4.2% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NCL CORP LTDNEW+39.00M39.00M+$29M$29M
SAFESAFEHOLD INCNEW+320.0K320.0K+$9M$9M
DISH NETWORK CORPORATIONNEW+15.00M15.00M+$8M$8M
STHOSTAR HLDGSNEW+306.0K306.0K+$5M$5M
CZRCAESARS ENTERTAINMENT INC NEADDED+1.00M1.10M+$50M$54M
AVAHAVEANNA HEALTHCARE HLDGS INCADDED+2.92M7.71M+$4M$8M
BRSPBRIGHTSPIRE CAPITAL INCADDED+1.58M10.99M+$6M$65M
CONSTELLIUM SEHELD+04.00M+$14M$61M

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

Holdings — Q1 2023

10 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1THCTENET HEALTHCARE CORPhistory →COM NEW21.91%$71M1.20M
2BRSPBRIGHTSPIRE CAPITAL INChistory →COM CL A20.00%$65M10.99M
3CONSTELLIUM SECL A SHS18.84%$61M4.00M
4CZRCAESARS ENTERTAINMENT INC NEhistory →COM16.55%$54M1.10M
5NCL CORP LTDNOTE 2.500% 2/19.08%$29M39.00M
6INNOVATE CORPNOTE 7.500% 8/04.19%$14M16.55M
7SAFESAFEHOLD INChistory →COM2.90%$9M320.0K
8AVAHAVEANNA HEALTHCARE HLDGS INChistory →COM2.47%$8M7.71M
9DISH NETWORK CORPORATIONNOTE 3.375% 8/12.40%$8M15.00M
10STHOSTAR HLDGShistory →SHS BEN INT1.64%$5M306.0K

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 ↗.