Managers / Q1 2025 · 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 $307M in U.S.-listed holdings across 12 positions for Q1 2025.
The portfolio is heavily concentrated: AVAH alone accounts for 21.9% of reported value.
Compared with Q4 2024, the fund opened 2 new positions 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 · 48.6% · $149M
- Other · 22.8% · $70M
- REIT · 19.9% · $61M
- GLOBAL · 8.7% · $27M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CZRCAESARS ENTERTAINMENT INC NE | NEW | +1.31M | 1.31M | +$33M | $33M |
| BLCOBAUSCH PLUS LOMB CORP | NEW | +216.9K | 216.9K | +$3M | $3M |
| ECHOSTAR CORP | TRIMMED | −14.53M | 10.36M | −$15M | $12M |
| XPOFXPONENTIAL FITNESS INC | TRIMMED | −250.0K | 2.90M | −$18M | $24M |
| CONSTELLIUM SE | HELD | +155.9K | 5.66M | +$583,031 | $57M |
| AVAHAVEANNA HEALTHCARE HLDGS INC | HELD | +0 | 12.37M | +$11M | $67M |
| INNOVATE CORP | HELD | +0 | 26.22M | +$6M | $15M |
| TRINSEO PLC | HELD | +0 | 3.50M | −$5M | $13M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AVAHAVEANNA HEALTHCARE HLDGS INChistory → | COM | 21.85% | $67M | 12.37M |
| 2 | BRSPBRIGHTSPIRE CAPITAL INChistory → | COM CL A | 19.92% | $61M | 10.99M |
| 3 | CONSTELLIUM SE | CL A SHS | 18.60% | $57M | 5.66M |
| 4 | CZRCAESARS ENTERTAINMENT INC NEhistory → | COM | 10.70% | $33M | 1.31M |
| 5 | ECHOECHOSTAR CORP | CL A · NOTE 3.875%11/3 | 7.95% | $24M | 10.86M |
| 6 | XPOFXPONENTIAL FITNESS INChistory → | COM CL A | 7.88% | $24M | 2.90M |
| 7 | INNOVATE CORP | NOTE 7.500% 8/0 | 4.91% | $15M | 26.22M |
| 8 | TRINSEO PLC | SHS | 4.20% | $13M | 3.50M |
| 9 | VISNCOMMSCOPE HLDG CO INChistory → | COM | 1.73% | $5M | 1.00M |
| 10 | STHOSTAR HLDGShistory → | SHS BEN INT | 1.25% | $4M | 449.6K |
| 11 | BLCOBAUSCH PLUS LOMB CORPhistory → | COMMON SHARES | 1.02% | $3M | 216.9K |
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 ↗.