SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Nut Tree Capital Management, LP

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

Reported Value
$308M
Q4 2023
Positions
11
Filings on Record
31
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Nut Tree Capital Management, LP reported $308M in U.S.-listed holdings across 11 positions for Q4 2023.

The portfolio is heavily concentrated: BRSP alone accounts for 26.5% of reported value.

Compared with Q3 2023, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+14.0%
vs prior filed quarter
Top-10 Concentration
+99.4%
share of reported value
Largest Position
+26.5%
Brightspire Capital
New / Exited
3 / 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
Common Stock: 35.2%REIT: 26.5%Other: 23.3%US DOMESTIC: 12.5%GLOBAL: 2.4%
  • Common Stock · 35.2% · $109M
  • REIT · 26.5% · $82M
  • Other · 23.3% · $72M
  • US DOMESTIC · 12.5% · $39M
  • GLOBAL · 2.4% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DISH NETWORK CORPORATIONNEW+27.42M27.42M+$17M$17M
OI*O-I GLASS INCNEW+350.0K350.0K+$6M$6M
XPOFXPONENTIAL FITNESS INCNEW+143.4K143.4K+$2M$2M
DISH NETWORK CORPORATIONADDED+25.15M40.15M+$12M$21M
AMC ENTMT HLDGS INCSOLD OUT−4.40M0−$4M$0
CZRCAESARS ENTERTAINMENT INC NETRIMMED−600.0K500.0K−$28M$23M
THCTENET HEALTHCARE CORPTRIMMED−200.0K500.0K−$8M$38M
AVAHAVEANNA HEALTHCARE HLDGS INCADDED+1.30M12.37M+$20M$33M

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

Holdings — Q4 2023

10 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRSPBRIGHTSPIRE CAPITAL INChistory →COM CL A26.52%$82M10.99M
2CONSTELLIUM SECL A SHS23.30%$72M3.60M
3DISH NETWORK CORPORATIONNOTE 3.375% 8/1 · NOTE 12/112.52%$39M67.57M
4THCTENET HEALTHCARE CORPhistory →COM NEW12.25%$38M500.0K
5AVAHAVEANNA HEALTHCARE HLDGS INChistory →COM10.75%$33M12.37M
6CZRCAESARS ENTERTAINMENT INC NEhistory →COM7.60%$23M500.0K
7INNOVATE CORPNOTE 7.500% 8/02.42%$7M16.55M
8STHOSTAR HLDGShistory →SHS BEN INT2.18%$7M449.6K
9OI*O-I GLASS INChistory →COM1.86%$6M350.0K
10XPOFXPONENTIAL FITNESS INCCOM CL A0.60%$2M143.4K

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 ↗.