Managers / Q3 2023 · 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 $271M in U.S.-listed holdings across 9 positions for Q3 2023.
The portfolio is heavily concentrated: BRSP alone accounts for 25.4% of reported value.
Compared with Q2 2023, the fund opened 1 new position and exited 0.
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. 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 · 44.0% · $119M
- REIT · 25.4% · $69M
- Other · 24.1% · $66M
- US DOMESTIC · 3.3% · $9M
- GLOBAL · 3.1% · $9M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AMC ENTMT HLDGS INC | NEW | +4.40M | 4.40M | +$4M | $4M |
| STHOSTAR HLDGS | ADDED | +143.6K | 449.6K | +$1M | $6M |
| THCTENET HEALTHCARE CORP | TRIMMED | −150.0K | 700.0K | −$23M | $46M |
| CONSTELLIUM SE | TRIMMED | −400.0K | 3.60M | −$3M | $66M |
| AVAHAVEANNA HEALTHCARE HLDGS INC | HELD | +0 | 11.08M | −$6M | $13M |
| BRSPBRIGHTSPIRE CAPITAL INC | HELD | +0 | 10.99M | −$5M | $69M |
| CZRCAESARS ENTERTAINMENT INC NE | HELD | +0 | 1.10M | −$5M | $51M |
| DISH NETWORK CORPORATION | HELD | +0 | 15.00M | +$1M | $9M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BRSPBRIGHTSPIRE CAPITAL INChistory → | COM CL A | 25.36% | $69M | 10.99M |
| 2 | CONSTELLIUM SE | CL A SHS | 24.14% | $66M | 3.60M |
| 3 | CZRCAESARS ENTERTAINMENT INC NEhistory → | COM | 18.79% | $51M | 1.10M |
| 4 | THCTENET HEALTHCARE CORPhistory → | COM NEW | 16.99% | $46M | 700.0K |
| 5 | AVAHAVEANNA HEALTHCARE HLDGS INChistory → | COM | 4.86% | $13M | 11.08M |
| 6 | DISH NETWORK CORPORATION | NOTE 3.375% 8/1 | 3.35% | $9M | 15.00M |
| 7 | INNOVATE CORP | NOTE 7.500% 8/0 | 3.14% | $9M | 16.55M |
| 8 | STHOSTAR HLDGShistory → | SHS BEN INT | 2.07% | $6M | 449.6K |
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 ↗.