13F-HR 1 firtre38.txt FIR TREE INC. 13F 3Q 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2008 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Fir Tree Inc. Address: 505 Fifth Avenue 23rd Floor New York, New York 10017 13F File Number: 28-06884 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Jeffrey D. Tannenbaum Title: President Phone: 212.599.0090 Signature, Place, and Date of Signing: Jeffrey D. Tannenbaum New York, New York November 14, 2008 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 135 Form13F Information Table Value Total: $2,579,208 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 2020 CHINACAP ACQUIRCO INC COM 90212G109 2281 315000 SH SOLE 315000 2020 CHINACAP ACQUIRCO INC *W EXP 11/08/201 90212G117 55 275000 SH SOLE 275000 ADVANCED TECHNOLOGY ACQU COR COM 007556103 10837 1435300 SH SOLE 1435300 ADVANCED TECHNOLOGY ACQU COR *W EXP 06/18/201 007556111 97 1075000 SH SOLE 1075000 AEROPOSTALE COM 007865108 16055 500000 SH PUT SOLE 500000 AES CORP COM 00130H105 75720 6477300 SH SOLE 6477300 AIRCASTLE LTD COM G0129K104 24321 2454207 SH SOLE 2454207 ALPHA SEC GROUP CORP *W EXP 03/23/201 02078A118 130 650000 SH SOLE 650000 ALPHA SEC GROUP CORP COM 02078A100 7178 750000 SH SOLE 750000 ALTERNATIVE ASSET MGMT ACQU *W EXP 08/01/201 02149U119 442 1262300 SH SOLE 1262300 ALTERNATIVE ASSET MGMT ACQU COM 02149U101 37886 4209600 SH SOLE 4209600 AMBAC FINL GROUP INC COM 023139108 140 60000 SH CALL SOLE 60000 AMBAC FINL GROUP INC COM 023139108 9114 3911720 SH SOLE 3911720 AMERICAN INTL GROUP INC COM 026874107 17183 5160000 SH SOLE 5160000 APEX BIOVENTURES ACQ CORP COM 03753Q105 2813 375000 SH SOLE 375000 ASIA SPECIAL SIT ACQST CORP SHS G0538M105 4028 450000 SH SOLE 450000 ASIA SPECIAL SIT ACQST CORP SHS WNTS G0538M105 54 450000 SH SOLE 450000 ATLAS ACQUISITION HLDGS CORP COM 049162100 2215 246400 SH SOLE 246400 BOSTON PRIVATE FINL HLDGS IN COM 101119105 5363 613591 SH SOLE 613591 BPW ACQUISITION CORP *W EXP 02/26/201 055637110 360 1200000 SH SOLE 1200000 BPW ACQUISITION CORP COM 055637102 20932 2338800 SH SOLE 2338800 CAPITAL ONE FINL CORP COM 14040H105 34639 679200 SH PUT SOLE 679200 CAPITOL ACQUISITION CORP DEL COM 14055E104 16452 1828000 SH SOLE 1828000 CAPITOL ACQUISITION CORP DEL *W EXP 11/08/201 14055E112 558 1800000 SH SOLE 1800000 CARNIVAL CORP PAIRED CTF 143658300 21210 600000 SH PUT SOLE 600000 CHINA HEALTHCARE ACQ CORP COM 16939Q104 2878 533000 SH SOLE 533000 CHINA HEALTHCARE ACQ CORP *W EXP 04/18/201 16939Q112 52 399600 SH SOLE 399600 CHINA HLDGS ACQUISITION CORP COM 16942N106 5531 612500 SH SOLE 612500 CHINA HLDGS ACQUISITION CORP *W EXP 11/16/201 16942N114 29 125000 SH SOLE 125000 CHINACAST EDU CORP COM 16946T109 15200 6031556 SH SOLE 6031556 CHURCHILL VENTURES LTD COM 17157P109 12870 1650000 SH SOLE 1650000 CHURCHILL VENTURES LTD *W EXP 03/01/201 17157P117 154 1400000 SH SOLE 1400000 CIT GROUP INC COM 125581108 13920 2000000 SH CALL SOLE 2000000 CIT GROUP INC COM 125581108 62292 8950000 SH SOLE 8950000 CIT GROUP INC 8.75%PFD SER C 125581603 38525 1150000 SH SOLE 1150000 CITIGROUP INC COM 172967101 166213 8104000 SH SOLE 8104000 COLUMBUS ACQUISITION CORP *W EXP 05/18/201 198851115 168 765000 SH SOLE 765000 COLUMBUS ACQUISITION CORP COM 198851107 5814 765000 SH SOLE 765000 DEKANIA CORP COM 24488U104 12003 1256900 SH SOLE 1256900 DEKANIA CORP *W EXP 02/01/201 24488U112 49 349900 SH SOLE 349900 ENCORE ACQUISITION CO COM 29255W100 12977 310600 SH SOLE 310600 ENTERPRISE ACQUISITION CORP *W EXP 11/07/201 29365R116 112 699000 SH SOLE 699000 ENTERPRISE ACQUISITION CORP COM 29365R108 14348 1563000 SH SOLE 1563000 EQUITY MEDIA HLDGS CORP *W EXP 08/26/200 294725114 15 754000 SH SOLE 754000 FEDERAL HOME LN MTG CORP COM 313400301 19665 11500000 SH SOLE 11500000 FEDERAL NATL MTG ASSN COM 313586109 12240 8000000 SH SOLE 8000000 FEDERAL NATL MTG ASSN COM 313586109 1559 1018900 SH CALL SOLE 1018900 FORD MTR CO DEL COM PAR $0.01 345370860 10400 2000000 SH CALL SOLE 2000000 GENEVA ACQUISITION CORP COM 37185Y104 6916 1235000 SH SOLE 1235000 GENEVA ACQUISITION CORP *W EXP 02/12/201 37185Y112 123 1750000 SH SOLE 1750000 GHL ACQUISITION CORP COM 36172H108 9633 1047100 SH SOLE 1047100 GLOBAL BRANDS ACQUISITION CO *W EXP 12/06/201 378982110 250 1250000 SH SOLE 1250000 GLOBAL BRANDS ACQUISITION CO COM 378982102 11960 1300000 SH SOLE 1300000 GLOBAL CONSUMER ACQST CORP COM 378983100 19109 2070300 SH SOLE 2070300 GLOBAL CONSUMER ACQST CORP *W EXP 11/27/201 378983118 270 1000000 SH SOLE 1000000 GOLDEN POND HEALTHCARE INC *W EXP 11/06/201 38116J117 325 1300000 SH SOLE 1300000 GOLDEN POND HEALTHCARE INC COM 38116J109 9360 1300000 SH SOLE 1300000 GOODYEAR TIRE & RUBR CO COM 382550101 8114 530000 SH CALL SOLE 530000 GOODYEAR TIRE & RUBR CO COM 382550101 106665 6967000 SH SOLE 6967000 GRANAHAN MCCOURT ACQ CORP COM 385034103 11303 1378400 SH SOLE 1378400 GSC ACQUISITION COMPANY COM 40053G106 23500 2500000 SH SOLE 2500000 HARLEY DAVIDSON INC COM 412822108 18650 500000 SH PUT SOLE 500000 HICKS ACQUISITION CO I INC COM 429086309 55132 6160000 SH SOLE 6160000 HICKS ACQUISITION CO I INC *W EXP 09/28/201 429086127 1012 5010000 SH SOLE 5010000 HIGHLANDS ACQUISITION CORP *W EXP 10/03/201 430880112 112 400000 SH SOLE 400000 HIGHLANDS ACQUISITION CORP COM 430880104 4239 471000 SH SOLE 471000 INTER ATLANTIC FINANCIAL INC COM 45890H100 2552 350000 SH SOLE 350000 INTER ATLANTIC FINANCIAL INC *W EXP 10/02/201 45890H118 102 350000 SH SOLE 350000 KBL HEALTHCARE ACQUIS CORP I *W EXP 07/18/201 48241N115 172 861700 SH SOLE 861700 KBL HEALTHCARE ACQUIS CORP I COM 48241N107 6848 929200 SH SOLE 929200 LIBERTY ACQUISITION HLDGS CO *W EXP 12/12/201 53015Y115 700 1000000 SH SOLE 1000000 LIBERTY ACQUISITION HLDGS CO COM 53015Y107 29610 3407400 SH SOLE 3407400 MBF HEALTHCARE ACQUISITION C COM 552650103 17554 2265000 SH SOLE 2265000 MBIA INC COM 55262C100 38552 3239641 SH SOLE 3239641 MCGRAW HILL COS INC COM 580645109 118996 3764500 SH SOLE 3764500 MEDIA & ENTMT HOLDINGS INC COM 58439W108 10024 1336500 SH SOLE 1336500 MEDIA & ENTMT HOLDINGS INC *W EXP 03/09/201 58439W116 190 950000 SH SOLE 950000 MERRILL LYNCH & CO INC COM 590188108 45540 1800000 SH SOLE 1800000 MGIC INVT CORP WIS COM 552848103 5614 798560 SH SOLE 798560 MICROSOFT CORP COM 594918104 108490 4064800 SH SOLE 4064800 MILLENNIUM INDIA ACQS COM IN COM 60039Q101 2369 1246800 SH SOLE 1246800 MILLENNIUM INDIA ACQS COM IN *W EXP 07/19/201 60039Q119 159 480500 SH SOLE 480500 MOODYS CORP COM 615369105 69105 2032500 SH SOLE 2032500 NATIONAL CITY CORP NOTE 4.000% 2/0 635405AW3 71410 154400000 PRN SOLE 154400000 NATIONAL CITY CORP COM 635405103 732 418000 SH SOLE 418000 NATIONAL CITY CORP COM 635405103 2625 1500000 SH PUT SOLE 1500000 NAVIOS MARITIME ACQUIS CORP SHS Y62159101 15822 1800000 SH SOLE 1800000 NAVIOS MARITIME ACQUIS CORP SHS WNTS Y62159101 792 1800000 SH SOLE 1800000 NORTH ASIA INVESTMENT CORP SHS WNTS G66202105 116 306250 SH SOLE 306250 NORTH ASIA INVESTMENT CORP COM G66202105 2649 306250 SH SOLE 306250 NRDC ACQUISITION CORP *W EXP 10/17/201 62941R110 600 2400000 SH SOLE 2400000 NRDC ACQUISITION CORP COM 62941R102 21600 2400000 SH SOLE 2400000 NTR ACQUISITION CO COM 629415100 28827 2987300 SH SOLE 2987300 NTR ACQUISITION CO *W EXP 06/28/201 629415118 16 116200 SH SOLE 116200 OCEANAUT INC COM 675227102 12838 1960000 SH SOLE 1960000 ORACLE CORP COM 68389X105 78431 3861700 SH SOLE 3861700 OVERTURE ACQUISITION CORP SHS G6830P100 459 50000 SH SOLE 50000 PLAINS EXPL& PRODTN CO COM 726505100 79073 2248949 SH SOLE 2248949 PMI GROUP INC COM 69344M101 14695 4981200 SH SOLE 4981200 PROSPECT ACQUISITION CORP COM 74347T103 910 100000 SH SOLE 100000 QUALCOMM INC COM 747525103 79414 1848122 SH SOLE 1848122 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 10375 500000 SH PUT SOLE 500000 SANTA MONICA MEDIA CORP COM 802501106 12302 1587300 SH SOLE 1587300 SANTA MONICA MEDIA CORP *W EXP 03/27/201 802501114 77 700000 SH SOLE 700000 SAPPHIRE INDUSTRIALS CORP COM 80306T109 15861 1764280 SH SOLE 1764280 SECURE AMER ACQUISITION CORP COM 81372L103 466 63000 SH SOLE 63000 SOVEREIGN BANCORP INC COM 845905108 29507 7470000 SH SOLE 7470000 SP ACQUISITION HOLDINGS INC COM 78470A104 37169 4001000 SH SOLE 4001000 SP ACQUISITION HOLDINGS INC *W EXP 10/10/201 78470A112 1200 4001000 SH SOLE 4001000 SPDR GOLD TRUST GOLD SHS 78463V107 20251 238050 SH SOLE 238050 SPORTS PPTYS ACQUISITION COR COM 84920F107 1211 134600 SH SOLE 134600 STONELEIGH PARTNERS ACQUS CO COM 861923100 13442 1780350 SH SOLE 1780350 STONELEIGH PARTNERS ACQUS CO *W EXP 05/31/201 861923126 220 1464500 SH SOLE 1464500 TAILWIND FINL INC COM 874023104 7894 1015900 SH SOLE 1015900 THOR INDS INC COM 885160101 17185 692396 SH SOLE 692396 TRANS-INDIA ACQUISITION CORP *W EXP 02/08/201 893237115 223 1119575 SH SOLE 1119575 TRANS-INDIA ACQUISITION CORP COM 893237107 9597 1249575 SH SOLE 1249575 TRANSFORMA ACQUISITION GROUP COM 89366E100 12076 1544300 SH SOLE 1544300 TRANSFORMA ACQUISITION GROUP *W EXP 12/19/201 89366E118 201 915000 SH SOLE 915000 TRANSOCEAN INC NEW SHS G90073100 219175 1995400 SH SOLE 1995400 TREMISIS ENERGY ACQ CORP II COM 89472N101 1616 227600 SH SOLE 227600 TRIAN ACQUISITION I CORP COM 89582E108 39825 4500000 SH SOLE 4500000 TRIAN ACQUISITION I CORP *W EXP 01/23/201 89582E116 1405 4390700 SH SOLE 4390700 TRIPLECROWN ACQUISITION CORP *W EXP 10/22/201 89677G117 1208 4025900 SH SOLE 4025900 TRIPLECROWN ACQUISITION CORP COM 89677G109 56120 6341200 SH SOLE 6341200 UNION STREET ACQ CORP COM 908536105 12097 1546875 SH SOLE 1546875 UNITED REFINING ENERGY CORP COM 911360105 24725 2723000 SH SOLE 2723000 UNITED REFINING ENERGY CORP *W EXP 12/11/201 911360113 420 2000000 SH SOLE 2000000 VICTORY ACQUISITION CORP COM 92644D100 33877 3566000 SH SOLE 3566000 VICTORY ACQUISITION CORP *W EXP 04/24/201 92644D118 945 2100000 SH SOLE 2100000 WACHOVIA CORP NEW COM 929903102 76525 21864350 SH SOLE 21864350 WACHOVIA CORP NEW CONV7.5%PFD CL A 929903219 33110 86000 PRN SOLE 86000 WACHOVIA CORP NEW COM 929903102 5250 1500000 SH CALL SOLE 1500000 WASHINGTON MUT INC CONV7.75%SER R 939322814 531 282196 PRN SOLE 282196 WELLPOINT INC COM 94973V107 11786 252000 SH SOLE 252000