Nut Tree Capital Management, LP

Concentrated strategySector-focusedMomentum follower

Total reported value

$245.3M

Reporting period: 2026-03-31 · Number of holdings: 4

Nut Tree Capital Management, LP disclosed 4 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $245.3M and a quarterly turnover rate of 79.2%.

Personality snowflake

Concentration: 100
Portfolio Stability: 79.17
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 8
Sizing Uniformity: 94.18

Recent moves

Add AVAH
+4.4%　-$17.9M
Add BRSP
0.0%　$0.0
Add AERO
+7.5%　-$41.1M
Sold out ECHO 3.875 11-30-30
Sold out ECHO
Sold out CSTM

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AERO	Grupo Aeromexico Sab De Cv	Stock-Other	36.52%	+11.89%	+7.45%
2	AVAH	Aveanna Healthcare Holdings	Stock-Other	33.93%	+14.88%	+4.45%
3	BRSP	Brightspire Capital INC	Stock-Other	25.10%	+13.50%	—
4	VISN	Vistance Networks INC	Stock-Tech	4.45%	+4.45%	NEW

Portfolio Performance

Performance for Q3 2026

+15.9%

Performance Last 4 Quarters

+98%

Stdev: +34.9%
Beta: +1.66
Alpha: -8.5%
Max Drawdown: -39.2%
Annualized Perf: +17.9%
Batting Avg vs S&P: +44.4%
Sortino: +1.22
Stutzer: +0.19
Treynor: +0.13
Sterling: +0.66
Calmar: +0.46
Information Ratio: +0.13
Tracking Error: +28.7%
Stdev Down: +18.2%
Winning Months %: +52.8%
Losing Months %: +47.2%
Best 12 Months: +98.6%
Worst 12 Months: -33.3%
Efficiency Ratio: +0.22
Sharpe: +0.63
Stdev Sectors: 0%
Skewness: +0.79
Kurtosis: +0.89
Upside Potential: +3.23

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	4	$245.3M	79	1AERO 2AVAH 3BRSP Top holdings2026-03-31 1.AERO 2.AVAH 3.BRSP 4.VISN
2025-12-31	9	$530.5M	56	1AERO 2AVAH 3ECHO 3.875 11-30-30 Top holdings2025-12-31 1.AERO 2.AVAH 3.ECHO 3.875 11-30-30 4.ECHO 5.BRSP 6.CSTM 7.BLCO 8.IWM 9.G9059U
2025-09-30	8	$433.4M	61	1AVAH 2CSTM 3ECHO 3.875 11-30-30 Top holdings2025-09-30 1.AVAH 2.CSTM 3.ECHO 3.875 11-30-30 4.BRSP 5.ECHO 6.CZR 7.G9059U 8.BLCO
2025-06-30	10	$339.7M	0	1CSTM 2AVAH 3CZR Top holdings2025-06-30 1.CSTM 2.AVAH 3.CZR 4.BRSP 5.ECHO 3.875 11-30-30 6.ECHO 7.VATE 7.5 08-01-26 * 8.G9059U 9.XPOF 10.BLCO
2025-03-31	12	$306.9M	100	1AVAH 2BRSP 3CSTM Top holdings2025-03-31 1.AVAH 2.BRSP 3.CSTM 4.CZR 5.XPOF 6.VATE 7.5 08-01-26 * 7.G9059U 8.ECHO 9.ECHO 3.875 11-30-30 10.VISN
2024-12-31	10	$291.9M	0	1BRSP 2AVAH 3CSTM Top holdings2024-12-31 1.BRSP 2.AVAH 3.CSTM 4.XPOF 5.ECHO 3.875 11-30-30 6.G9059U 7.ECHO 8.VATE 7.5 08-01-26 * 9.VISN 10.STHO
2024-09-30	13	$442.8M	0	1CZR 2DISH 3.375 08-15-26 3AVAH Top holdings2024-09-30 1.CZR 2.DISH 3.375 08-15-26 3.AVAH 4.BRSP 5.CSTM 6.XPOF 7.G9059U 8.ECHO 9.VATE 7.5 08-01-26 * 10.STHO
2024-06-30	15	$390.5M	0	1CZR 2CSTM 3BRSP Top holdings2024-06-30 1.CZR 2.CSTM 3.BRSP 4.DISH 3.375 08-15-26 5.XPOF 6.AVAH 7.CNK 8.ECHO 9.VATE 7.5 08-01-26 * 10.STHO
2024-03-31	1	$79.6M	0	1CSTM Top holdings2024-03-31 1.CSTM
2023-12-31	11	$308.4M	0	1BRSP 2CSTM 3THC Top holdings2023-12-31 1.BRSP 2.CSTM 3.THC 4.AVAH 5.CZR 6.DISH 3.375 08-15-26 7.DISH 0 12-15-25 8.VATE 7.5 08-01-26 * 9.STHO 10.OI
2023-09-30	9	$271.4M	0	1BRSP 2CSTM 3CZR Top holdings2023-09-30 1.BRSP 2.CSTM 3.CZR 4.THC 5.AVAH 6.DISH 3.375 08-15-26 7.VATE 7.5 08-01-26 * 8.STHO 9.AMC
2023-06-30	8	$307.5M	0	1BRSP 2THC 3CSTM Top holdings2023-06-30 1.BRSP 2.THC 3.CSTM 4.CZR 5.AVAH 6.VATE 7.5 08-01-26 * 7.DISH 3.375 08-15-26 8.STHO
2023-03-31	10	$324.4M	0	1THC 2BRSP 3CSTM Top holdings2023-03-31 1.THC 2.BRSP 3.CSTM 4.CZR 5.NCLH 2.5 02-15-27 6.VATE 7.5 08-01-26 * 7.SAFE 8.AVAH 9.DISH 3.375 08-15-26 10.STHO
2022-12-31	6	$185.6M	0	1BRSP 2THC 3CSTM Top holdings2022-12-31 1.BRSP 2.THC 3.CSTM 4.VATE 7.5 08-01-26 * 5.CZR 6.AVAH
2022-09-30	10	$324.6M	0	1THC 2BRSP 3CSTM Top holdings2022-09-30 1.THC 2.BRSP 3.CSTM 4.PARR 5.CZR 6.OPTU 7.45031U 8.AVAH 9.VATE 7.5 08-01-26 * 10.VRM 0.75 07-01-26
2022-06-30	12	$887.7M	0	1IWM 2THC 3BRSP Top holdings2022-06-30 1.IWM 2.THC 3.BRSP 4.CSTM 5.CZR 6.OPTU 7.PARR 8.45031U 9.AVAH 10.VATE 7.5 08-01-26 *
2022-03-31	12	$923.7M	0	1IWM 2THC 3BRSP Top holdings2022-03-31 1.IWM 2.THC 3.BRSP 4.CSTM 5.CZR 6.OPTU 7.45031U 8.PARR 9.AVAH 10.VATE 7.5 08-01-26 *
2021-12-31	11	$517.2M	0	1THC 2BRSP 3CSTM Top holdings2021-12-31 1.THC 2.BRSP 3.CSTM 4.45031U 5.OPTU 6.PARR 7.AVAH 8.VATE 7.5 08-01-26 * 9.PCG 10.EPR 9 PERP E
2021-09-30	11	$470.5M	0	1THC 2BRSP 3CSTM Top holdings2021-09-30 1.THC 2.BRSP 3.CSTM 4.45031U 5.PCG 6.PARR 7.AVAH 8.VATE 7.5 08-01-26 * 9.EPR 10.IQ 2 04-01-25
2021-06-30	10	$483.0M	100	1THC 2BRSP 3CSTM Top holdings2021-06-30 1.THC 2.BRSP 3.CSTM 4.PCG 5.PARR 6.AVAH 7.45031U 8.LAUR 9.EPR 10.VATE 7.5 08-01-26 *
2021-03-31	12	$480.0M	22	1EPR 2THC 3PCG Top holdings2021-03-31 1.EPR 2.THC 3.PCG 4.CLNCGBP 5.CSTM 6.45031U 7.PARR 8.HRI 9.LAUR 10.VATE 7.5 08-01-26 *
2020-12-31	11	$447.6M	49	1EPR 2PCG 3THC Top holdings2020-12-31 1.EPR 2.PCG 3.THC 4.CSTM 5.CLNCGBP 6.HRI 7.LAUR 8.PARR 9.45031U 10.GEN
2020-09-30	13	$329.7M	56	1EPR 2PCG 3THC Top holdings2020-09-30 1.EPR 2.PCG 3.THC 4.LAUR 5.CSTM 6.CLNCGBP 7.HRI 8.PARR 9.FE 10.ARCPEUR
2020-06-30	14	$317.2M	57	1EPR 2GEN 3CSTM Top holdings2020-06-30 1.EPR 2.GEN 3.CSTM 4.THC 5.CLNCGBP 6.ARCPEUR 7.HRI 8.LAUR 9.PCG 10.HCA
2020-03-31	18	$222.9M	87	1EPR 2GEN 3THC Top holdings2020-03-31 1.EPR 2.GEN 3.THC 4.CSTM 5.HCA 6.LAUR 7.HRI 8.PCG 9.EIX 10.EPR 5.75 PERP C
2019-12-31	11	$219.5M	100	1THC 2CSTM 3HRI Top holdings2019-12-31 1.THC 2.CSTM 3.HRI 4.PCG 5.GEN 6.LAUR 7.DCH 8.L5140P 9.Y62197 10.JCPCHF
2019-09-30	14	$326.4M	78	1SPY 2IWM 3CSTM Top holdings2019-09-30 1.SPY 2.IWM 3.CSTM 4.HRI 5.GEN 6.LAUR 7.THC 8.PCG 9.AABAUSD 10.DCH
2019-06-30	11	$183.5M	36	1PCG 2CSTM 3HRI Top holdings2019-06-30 1.PCG 2.CSTM 3.HRI 4.GEN 5.LAUR 6.THC 7.RRC 8.JCPCHF 9.Y62197 10.CLPR
2019-03-31	10	$130.2M	65	1PCG 2HRI 3CSTM Top holdings2019-03-31 1.PCG 2.HRI 3.CSTM 4.GEN 5.LAUR 6.JCPCHF 7.CLPR 8.Y62197 9.DLNG 10.AMRQQ
2018-12-31	9	$84.4M	0	1GEN 2CSTM 3LAUR Top holdings2018-12-31 1.GEN 2.CSTM 3.LAUR 4.PCG 5.HRI 6.WFRD 5.875 07-01-21 7.URI 8.CLPR 9.JCPCHF

Holding changes this quarter

Nut Tree Capital Management, LP's most significant position changes for 2026-03-31: Sold out: Echostar CORP (ECHO 3.875 11-30-30); Sold out: Echostar Corp-a (ECHO); Sold out: Constellium SE (CSTM); New buy: Vistance Networks INC (VISN); Sold out: Bausch + Lomb CORP (BLCO).

Position changes disclosed by Nut Tree Capital Management, LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AVAH	Aveanna Healthcare Holdings	+14.9%	+4.45%	Add
2	BRSP	Brightspire Capital INC	+13.5%	—	Unchanged
3	AERO	Grupo Aeromexico Sab De Cv	+11.9%	+7.45%	Add
4	ECHO 3.875 11-30-30	Echostar CORP	—	EXIT	Sold out
5	ECHO	Echostar Corp-a	—	EXIT	Sold out
6	CSTM	Constellium SE	—	EXIT	Sold out
7	VISN	Vistance Networks INC	—	NEW	New buy
8	BLCO	Bausch + Lomb CORP	—	EXIT	Sold out
9	IWM	Ishares Russell 2000 ETF	—	EXIT	Sold out
10	✓	Trinseo PLC	—	EXIT	Sold out

FAQ

What is Nut Tree Capital Management, LP and what type of investor is it?

Nut Tree Capital Management, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $245.3M, spread across 4 disclosed positions.

What are Nut Tree Capital Management, LP's largest equity positions?

Based on the latest 13F filing, Nut Tree Capital Management, LP's top holdings by market value are: 1. Grupo Aeromexico Sab De Cv (AERO) — $89.6M (36.5%) 2. Aveanna Healthcare Holdings (AVAH) — $83.2M (33.9%) 3. Brightspire Capital INC (BRSP) — $61.6M (25.1%) 4. Vistance Networks INC (VISN) — $10.9M (4.5%)

What changes did Nut Tree Capital Management, LP make in its most recent portfolio filing?

In the latest reported quarter, Nut Tree Capital Management, LP made 9 notable position adjustments: 1 new positions were initiated, 2 existing holdings were added to, 0 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Echostar CORP (ECHO 3.875 11-30-30); Sold out: Echostar Corp-a (ECHO); Sold out: Constellium SE (CSTM); New buy: Vistance Networks INC (VISN); Sold out: Bausch + Lomb CORP (BLCO)

What sectors does Nut Tree Capital Management, LP focus on?

Nut Tree Capital Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 100.0%