Managers / Q2 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 $340M in U.S.-listed holdings across 10 positions for Q2 2025.
The portfolio is heavily concentrated: Constellium alone accounts for 22.1% of reported value.
Compared with Q1 2025, the fund opened 0 new positions and exited 2.
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 · 45.2% · $154M
- Other · 25.4% · $86M
- REIT · 16.3% · $56M
- GLOBAL · 13.1% · $45M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ECHOSTAR CORP | ADDED | +15.43M | 25.80M | +$19M | $30M |
| VISNCOMMSCOPE HLDG CO INC | SOLD OUT | −1.00M | 0 | −$5M | $0 |
| STHOSTAR HLDGS | SOLD OUT | −449.6K | 0 | −$4M | $0 |
| XPOFXPONENTIAL FITNESS INC | TRIMMED | −1.78M | 1.13M | −$16M | $8M |
| CZRCAESARS ENTERTAINMENT INC NE | ADDED | +687.0K | 2.00M | +$24M | $57M |
| ECHOECHOSTAR CORP | ADDED | +250.0K | 750.0K | +$8M | $21M |
| CONSTELLIUM SE | HELD | +0 | 5.66M | +$18M | $75M |
| BRSPBRIGHTSPIRE CAPITAL INC | HELD | +0 | 10.99M | −$6M | $56M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CONSTELLIUM SE | CL A SHS | 22.14% | $75M | 5.66M |
| 2 | AVAHAVEANNA HEALTHCARE HLDGS INChistory → | COM | 19.05% | $65M | 12.37M |
| 3 | CZRCAESARS ENTERTAINMENT INC NEhistory → | COM | 16.71% | $57M | 2.00M |
| 4 | BRSPBRIGHTSPIRE CAPITAL INChistory → | COM CL A | 16.34% | $56M | 10.99M |
| 5 | ECHOECHOSTAR CORP | NOTE 3.875%11/3 · CL A | 15.08% | $51M | 26.55M |
| 6 | INNOVATE CORP | NOTE 7.500% 8/0 | 4.14% | $14M | 26.22M |
| 7 | TRINSEO PLC | SHS | 3.21% | $11M | 3.50M |
| 8 | XPOFXPONENTIAL FITNESS INChistory → | COM CL A | 2.48% | $8M | 1.13M |
| 9 | BLCOBAUSCH PLUS LOMB CORP | COMMON SHARES | 0.83% | $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 ↗.