First Trust Capital Management L.P.

CHICAGO, IL · CIK 1604488 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 2022 · limited partnership

Assets managed$12.7bn
Staff62 · 24 in investment roles
Main clients (by assets)Mutual funds and ETFs 61%, Private funds 39%
Private funds15 (5 hedge) · $4.9bn gross assets
Form ADV · 2026-08-19SEC adviser record

Legal entityFirst Trust Capital Management L.P. (US)

$1.7bn reported value -9.8% vs Q1 2026

161positions

56.6%in top 10

41 new 6 added 15 reduced 62 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	TAYLOR MORRISON HOME CORP COM TMHC	TMHC	3,002,025	$215.4m12.54%	12.54%	New
2	CHART INDS INC COM GTLS	GTLS	866,371	$181.0m10.54%	10.54%	Added +234.6k	+234,558 37.1%
3	NUVALENT INC COM COM		836,918	$103.4m6.02%	6.02%	New
4	NATIONAL STORAGE AFFILIATES COM SHS BEN IN NSA	NSA	2,068,813	$92.0m5.36%	5.36%	Added +254.6k	+254,613 14.0%
5	APOGEE THERAPEUTICS INC COM COM		625,182	$83.0m4.83%	4.83%	New
6	SILA REALTY TRUST INC COMMON STOCK COMMON STOCK		2,456,414	$74.6m4.34%	4.34%	New
7	WEBSTER FINL CORP COM WBS	WBS	849,272	$64.9m3.78%	3.78%	Added +350.9k	+350,929 70.4%
8	JANUS HENDERSON GROUP PLC ORD SHS ORD SHS		1,195,379	$62.1m3.62%	3.62%	New
9	ELECTRONIC ARTS INC COM EA	EA	240,067	$49.2m2.87%	2.87%	Reduced -165.9k	-165,927 -40.9%
10	TOPBUILD CORP COM BLD	BLD	110,000	$46.9m2.73%	2.73%	New
11	AVANOS MED INC COM AVNS	AVNS	1,184,190	$29.5m1.72%	1.72%	New
12	LAUNCH ONE ACQUISITION CORP SHS CLASS A LPAA	LPAA	2,070,000	$22.4m1.31%	1.31%	Unchanged
13	DIGITALBRIDGE GROUP INC CL A NEW CL A NEW		1,342,435	$21.2m1.23%	1.23%	Added +1.3m	+1,253,471 1409.0%
14	WHITESTONE REIT COM COM		1,085,310	$20.6m1.20%	1.20%	New
15	SIDDHI ACQUISITION CORP CL A SHS SDHI	SDHI	1,303,359	$13.6m0.79%	0.79%	Unchanged
16	PALMER SQUARE CAPITAL BDC IN COM SHS PSBD	PSBD	1,288,337	$13.4m0.78%	0.78%	Unchanged
17	CATALYST PHARMACEUTICALS INC COM CPRX	CPRX	416,209	$13.1m0.76%	0.76%	New
18	ARES ACQUISITION CORP III UNIT 99/99/9999 AAC.U	AAC.U	1,241,792	$12.5m0.73%	0.73%	New
19	CAESARS ENTERTAINMENT INC NE COM CZR	CZR	400,300	$12.1m0.70%	0.70%	New
20	GLOBAL BUSINESS TRAVEL GROUP COM CL A COM CL A		1,241,800	$11.7m0.68%	0.68%	New
21	VENDOME ACQUISITION CORP I COM CL A VNME	VNME	1,092,788	$11.1m0.65%	0.65%	Unchanged
22	CHIME FINL INC COM SHS CL A CHYM	CHYM	536,989	$11.0m0.64%	0.64%	Unchanged
23	SOULPOWER ACQUISITION CORP USD CL A ORD SHS SOUL	SOUL	1,039,570	$10.8m0.63%	0.63%	Unchanged
24	DRUGS MADE IN AMER ACQ II CO USD ORD SHS DMII	DMII	1,067,798	$10.7m0.63%	0.63%	Unchanged
25	CANTOR EQUITY PARTNERS IV IN SHS CL A CEPF	CEPF	1,000,000	$10.4m0.61%	0.61%	Unchanged
26	NEWHOLD INVT CORP III ORD SHS CL A ORD SHS CL A		915,174	$10.0m0.58%	0.58%	Reduced -15.3k	-15,274 -1.6%
27	LIONHEART HOLDINGS SHS CL A CUB	CUB	850,000	$9.2m0.53%	0.53%	Reduced -1.3m	-1,295,000 -60.4%
28	DIGITAL ASSET ACQUISITION CO SHS CL A DAAQ	DAAQ	876,498	$9.1m0.53%	0.53%	Unchanged
29	CHARLTON ARIA ACQUISITION CO ORD SHS CL A CHAR	CHAR	828,750	$9.0m0.52%	0.52%	Unchanged
30	DRUGS MADE IN AMER ACQUTN CO ORD SHS DMAA	DMAA	786,459	$8.4m0.49%	0.49%	Reduced -1.5m	-1,456,041 -64.9%
31	AVALONBAY CMNTYS INC COM AVB	AVB	42,764	$8.1m0.47%	0.47%	New
32	AGRICULTURE & NAT SOL ACQ CO SHS CL A SHS CL A		696,721	$8.0m0.46%	0.46%	Reduced -607.9k	-607,905 -46.6%
33	AIMEI HEALTH TECHNOLOGY CO L SHS AFJK	AFJK	680,000	$7.7m0.45%	0.45%	Unchanged
34	MESHFLOW ACQUISITION CORP USD CL A ORD SHS MESH	MESH	750,000	$7.5m0.44%	0.44%	Unchanged
35	BTC DEV CORP ORD SHS CL A BDCI	BDCI	738,849	$7.4m0.43%	0.43%	Unchanged
36	KEYSTONE ACQUISITION CORP CL A KEYY	KEYY	749,998	$7.4m0.43%	0.43%	New
37	GRAF GLOBAL CORP ORD SHS CL A TONT	TONT	676,713	$7.3m0.43%	0.43%	Reduced -325.7k	-325,728 -32.5%
38	DUNE ACQUISITION CORP II SHS CL A CCAQ	CCAQ	699,992	$7.3m0.43%	0.43%	Unchanged
39	COLLECTIVE ACQUISITION CORP ORD SHS CL A CAII	CAII	700,000	$6.9m0.40%	0.40%	New
40	SC II ACQUISITION CORP ORD SHS CLASS A SCII	SCII	675,000	$6.8m0.39%	0.39%	Unchanged
41	APEX TREAS CORP ORD SHS CL A APXT	APXT	654,958	$6.6m0.38%	0.38%	Unchanged
42	EQV VENTURES AC CORP. II ORD SHS CL A EVAC	EVAC	627,045	$6.4m0.37%	0.37%	Unchanged
43	ANDRETTI ACQUISITION CORP II ORD SHS CL A POLE	POLE	590,809	$6.4m0.37%	0.37%	Unchanged
44	AMPERCAP ACQUISITION CO UNIT 05/22/2031 APMCU	APMCU	630,601	$6.3m0.37%	0.37%	New
45	CANTOR EQUITY PARTNERS V INC SHS CL A S CEPV	CEPV	605,189	$6.2m0.36%	0.36%	Unchanged
46	CRANE HBR ACQUISITION CORP I ORD SHS CL A CRAN	CRAN	600,000	$6.1m0.35%	0.35%	Unchanged
47	YORKVILLE INTL CAP CORP UNIT 06/05/2031 YICCU	YICCU	600,000	$6.0m0.35%	0.35%	New
48	IRON HORSE ACQUISIT II CORP COM IRHO	IRHO	600,000	$6.0m0.35%	0.35%	Unchanged
49	FUTURE MONEY ACQUISITION COR ORD SHS FMAC	FMAC	600,000	$6.0m0.35%	0.35%	New
50	JACKSON ACQUISITION CO II COM SHS CL A JACS	JACS	562,500	$6.0m0.35%	0.35%	Unchanged
51	MOUNTAIN LAKE ACQUISIT CORP USD CL A ORD SHS MLAA	MLAA	600,000	$6.0m0.35%	0.35%	New
52	M EVO GBL ACQUISITION CORP I ORD SHS CL A MEVO	MEVO	598,900	$5.9m0.35%	0.35%	Unchanged
53	RF ACQUISITION CORP II SHS RFAI	RFAI	514,506	$5.7m0.33%	0.33%	Unchanged
54	WEN ACQUISITION CORP COM CL A WENN	WENN	538,461	$5.5m0.32%	0.32%	Unchanged
55	INSIGHT DIGITAL PARTNERS II CL A ORD DYOR	DYOR	543,326	$5.5m0.32%	0.32%	Unchanged
56	CHAMPIONSGATE ACQUISITION CO SHS CL A CHPG	CHPG	514,174	$5.3m0.31%	0.31%	Unchanged
57	OPEN LENDING CORP COM LPRO	LPRO	1,707,309	$5.3m0.31%	0.31%	New
58	ORGANON & CO COMMON STOCK OGN	OGN	390,939	$5.3m0.31%	0.31%	New
59	INFLECTION PT ACQUISITION CO CL A ORD SHS CL A ORD SHS		500,000	$5.2m0.30%	0.30%	Unchanged
60	PIONEER ACQUISITION I CORP CL A ORD SHS PACH	PACH	500,000	$5.1m0.30%	0.30%	Unchanged
61	SPRING VY ACQUISITION CORP I ORD SHS CL A SVIV	SVIV	499,996	$5.1m0.30%	0.30%	Unchanged
62	GESHER ACQUISITION CORP. II USD CL A ORD SHS GSHR	GSHR	482,440	$5.0m0.29%	0.29%	Unchanged
63	HALL CHADWICK ACQUISITION CO ORD SHS CL A HCAC	HCAC	500,000	$5.0m0.29%	0.29%	Unchanged
64	HCM IV ACQUISITION CORP ORD USD CL A HACQ	HACQ	500,000	$5.0m0.29%	0.29%	New
65	COLUMBUS CIRCLE CAP CORP II USD CL A ORD SHS IPXG	IPXG	494,491	$5.0m0.29%	0.29%	Reduced -105.5k	-105,509 -17.6%
66	LAFAYETTE DIGITAL ACQUISITIO ORD CLASS A ZKP	ZKP	500,000	$5.0m0.29%	0.29%	Unchanged
67	IDEA ACQUISITION CORP ORD SHS CL A IACO	IACO	499,998	$5.0m0.29%	0.29%	New
68	INVEST GREEN ACQUISITION COR CL A ORD SHS IGAC	IGAC	494,781	$5.0m0.29%	0.29%	Unchanged
69	GLOBA TERRA ACQUISITION COR CL A ORD SHS GTERA	GTERA	473,583	$4.9m0.28%	0.28%	Unchanged
70	SILVERBOX CORP IV SHS CL A SBXDF	SBXDF	445,168	$4.8m0.28%	0.28%	Unchanged
71	ARMADA ACQUISITION CORP II COM CL A COM CL A		458,864	$4.8m0.28%	0.28%	Unchanged
72	ROMAN DBDR ACQUISITION CORP ORD SHS CL A DRDB	DRDB	453,259	$4.8m0.28%	0.28%	Unchanged
73	APOGEE ACQUISITION CORP ORD SHS CL A 2659054D	2659054D	475,000	$4.7m0.28%	0.28%	New
74	FIFTH ERA ACQUISITION CORP I ORD SHS CL A FERA	FERA	450,000	$4.7m0.27%	0.27%	Unchanged
75	AXIOM INTELLIGENCE AC CORP 1 ORD SHS CL A AXIN	AXIN	447,158	$4.6m0.27%	0.27%	Reduced -100.3k	-100,254 -18.3%
76	RRE VENTURES ACQUISITION COR CL A ORD SHS RREV	RREV	450,000	$4.4m0.26%	0.26%	New
77	INFLECTION PT ACQUISIT CORP CL A ORD SHS IPFX	IPFX	419,171	$4.3m0.25%	0.25%	New
78	SIZZLE ACQUISITION CORP. II USD CL A ORD SHS SZZL	SZZL	398,309	$4.1m0.24%	0.24%	Unchanged
79	CSLM DIGITA ASSET ACQ CORP I USD CL A ORD SHS KOYN	KOYN	400,000	$4.1m0.24%	0.24%	Unchanged
80	M3-BRIGADE ACQUISITION VI CO ORD SHS CL A MBVI	MBVI	399,701	$4.0m0.24%	0.24%	Unchanged
81	CAL REDWOOD ACQUISITION CORP COM CL A CRAQ	CRAQ	392,300	$4.0m0.24%	0.24%	Unchanged
82	TAILWIND 2.0 ACQUISITION COR ORD SHS CL A TDWD	TDWD	400,000	$4.0m0.23%	0.23%	Unchanged
83	JAB ACQUISITION CORP I UNIT 06/05/2031 ATLQU	ATLQU	400,000	$4.0m0.23%	0.23%	New
84	TGE VALUE CREATIVE SOLUTIONS USD CL A ORD SHS BEBE	BEBE	400,000	$4.0m0.23%	0.23%	Unchanged
85	ARTIUS II ACQUISITION INC SHS CL A SHS CL A		380,000	$4.0m0.23%	0.23%	Unchanged
86	IRIS ACQUISITION CORP II ORD SHS CL A IRAB	IRAB	399,998	$4.0m0.23%	0.23%	Unchanged
87	D BORAL ACQUISITION I CORP ORD SHS CL A DBCA	DBCA	375,366	$3.7m0.22%	0.22%	New
88	D. BORAL ARC ACQ I CORP. SHS CL A SHS CL A		358,733	$3.7m0.22%	0.22%	Reduced -115.1k	-115,130 -24.3%
89	BERTO ACQUISITION CORP ORD SHS TACO	TACO	352,000	$3.7m0.22%	0.22%	Unchanged
90	RITHM ACQUISITION CORP CL A RAC	RAC	352,000	$3.7m0.21%	0.21%	Unchanged
91	TITAN ACQUISITION CORP CL A TACH	TACH	352,297	$3.7m0.21%	0.21%	Unchanged
92	REPUBLIC DIGITAL ACQUISITION USD CL A ORD SHS RDAG	RDAG	353,998	$3.7m0.21%	0.21%	Unchanged
93	COLOMBIER ACQUISITION CORP I ORD SHS CL A CLBR	CLBR	350,000	$3.6m0.21%	0.21%	Reduced -50.0k	-50,000 -12.5%
94	GSR IV ACQUISITION CORP CL A SHS GSRF	GSRF	353,065	$3.6m0.21%	0.21%	Unchanged
95	METALS ACQUISITION CORP II ORD CL A MTAL	MTAL	351,270	$3.6m0.21%	0.21%	New
96	SILICON VY ACQUISITION CORP CL A SVAQ	SVAQ	350,000	$3.5m0.21%	0.21%	Unchanged
97	DYNAMIX CORP III USD CL A ORD SHS DNMX	DNMX	352,912	$3.5m0.21%	0.21%	Unchanged
98	EVOLUTION GLOBAL ACQUISITION USD CL A ORD SHS EVOX	EVOX	351,468	$3.5m0.21%	0.21%	Unchanged
99	K2 CAP ACQUISITION CORP ORD SHS CL A KTWO	KTWO	353,000	$3.5m0.20%	0.20%	Unchanged
100	RENATUS TACTICAL ACQUIS SHS CL A RTAC	RTAC	333,400	$3.5m0.20%	0.20%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HOLOGIC INC HOLX	HOLX	1,327,989	$100.4m1.3m shares
SEALED AIR CORP NEW		2,336,019	$98.2m2.3m shares
MASIMO CORP MASI	MASI	479,403	$85.3m479.4k shares
TRI POINTE HOMES INC TPH	TPH	1,599,172	$74.7m1.6m shares
AIR LEASE CORP AL	AL	975,799	$63.4m975.8k shares
CLEARWATER ANALYTICS HLDGS I		2,154,188	$50.9m2.2m shares
TERNS PHARMACEUTICALS INC		904,161	$47.7m904.2k shares
VERIS RESIDENTIAL INC		2,480,213	$46.8m2.5m shares
ONESTREAM INC OS	OS	1,842,189	$44.2m1.8m shares
DAY ONE BIOPHARMACEUTICALS I		1,496,007	$32.1m1.5m shares
CENTURION ACQUISITION CORP ALF	ALF	2,745,000	$29.5m2.7m shares
ARCELLX INC ACLX	ACLX	238,235	$27.4m238.2k shares
KENNEDY-WILSON HOLDINGS INC KW	KW	2,334,369	$25.3m2.3m shares
GP-ACT III ACQUISITION CORP GPAT	GPAT	2,091,077	$22.7m2.1m shares
AMICUS THERAPEUTICS INC FOLD	FOLD	1,399,192	$20.2m1.4m shares
HERITAGE COMM CORP HTBK	HTBK	1,621,114	$20.2m1.6m shares
LEGATO MERGER CORP III		1,323,462	$14.5m1.3m shares
APELLIS PHARMACEUTICALS INC APLS	APLS	350,800	$14.1m350.8k shares
SIM ACQUISITION CORP. I SIMA	SIMA	1,294,000	$13.9m1.3m shares
BLUE FOUNDRY BANCORP BLFY	BLFY	1,004,006	$13.3m1.0m shares
CANTOR EQUITY PARTNERS III I CAEP	CAEP	1,208,752	$12.5m1.2m shares
TWO HBRS INVT CORP		1,082,650	$12.4m1.1m shares
LIVE OAK ACQUISITION CORP V TMS	TMS	1,100,000	$11.4m1.1m shares
MOUNTAIN LAKE ACQUISITION CO		980,393	$10.3m980.4k shares
COTERRA ENERGY INC CTRA	CTRA	272,561	$9.6m272.6k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
AIMEI HEALTH TECHNOLOGY CO L AFJK · 13G · filed 2026-08-10	AFJK	21.5%	+10.4 pts	13G	2026-08-10
CHARLTON ARIA ACQUISITION CO CHAR · 13G · filed 2025-05-15	CHAR	9.1%≈ $8.6m	+1.8 pts	13G	2025-05-15
RANGE CAP ACQUISITION CORP RANGU · 13G · filed 2025-02-14	RANGU	7.5%	new	13G	2025-02-14
CHAMPIONSGATE ACQUISITION CO CHPG · 13G · filed 2025-08-14	CHPG	5.8%≈ $5.2m	new	13G	2025-08-14
VENDOME ACQUISITION CORP I VNME · 13G · filed 2026-05-15	VNME	5.5%≈ $11.1m	-3.8 pts	13G	2026-05-15
REAL ASSET ACQUISITION CORP 13G · filed 2025-08-14		5.4%≈ $3.4m	new	13G	2025-08-14
DIGITAL ASSET ACQUISITION CO DAAQU · 13G · filed 2025-08-14	DAAQU	5.2%	new	13G	2025-08-14