Nut Tree Capital Management, LP

The portfolio saw a positive performance during the quarter, growing by 9.8% (from $339.70M to $372.83M). This increase in value is attributable to a combination of market appreciation in existing positions and the strategic reallocation of capital following the liquidation of four smaller positions. The portfolio is heavily weighted toward its top three positions, which account for over 67% of the total assets, indicating that the performance of these three stocks will largely dictate the fund's returns.

2. Key Holdings

The portfolio is dominated by three primary positions, with the remaining three holdings playing significantly smaller roles.