First Trust Capital Management L.P.
Sector Allocation
- Financials34.0%$583.3M
- Industrials26.0%$445.9M
- Healthcare13.6%$234.2M
- Real Estate11.4%$195.2M
- Other10.6%$182.4M
- Technology2.9%$49.2M
- Consumer Discretionary1.4%$23.7M
- Consumer Staples0.1%$1.9M
- Energy0.1%$1.4M
AUM History
13fpro.ai/research/fund/first-trust-capital-management-l-p-1604488
Conviction and streaks
Concentrating · top 10 = 56.6%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
TMHC
$215.4MGTLS
$181.0MNUVL
$103.4MNSA
$92.0MAPGE
$83.0MSILA
$74.6MWBS
$64.9MJHG
$62.1MEA
$49.2MBLD
$46.9MAVNS
$29.5MLPAA
$22.4MDBRG-PH
$21.2MWSR
$20.6M- SIDDHI$13.6M
PSBD
$13.4MCPRX
$13.1M- ARES$12.5M
CZR
$12.1MGBTG
$11.7M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/first-trust-capital-management-l-p-1604488
First Trust Capital Management L.P. 13F holdings — Q2 2026
$1.7B portfolio (-9.8% QoQ) · 161 holdings · Q2 2026 13F · top 10 are 57% of the stock portfolio
$215.4M
12.5% of stocks
NewThis quarter—Since filedNew this quarterHeld$181.0M
10.5% of stocks
+37%This quarter—Since filed2 qtrsHeldAIQuality49.0#1,682Est. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$103.4M
6.0% of stocks
NewThis quarter—Since filedNew this quarterHeld$92.0M
5.4% of stocks
+14%This quarter—Since filed2 qtrsHeldAIQuality49.2#1,707Est. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$83.0M
4.8% of stocks
NewThis quarter—Since filedNew this quarterHeld$74.6M
4.3% of stocks
NewThis quarter—Since filedNew this quarterHeld$64.9M
3.8% of stocks
+70%This quarter—Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$62.1M
3.6% of stocks
NewThis quarter—Since filedNew this quarterHeld$49.2M
2.9% of stocks
-41%This quarter—Since filed4 qtrsHeld$46.9M
2.7% of stocks
NewThis quarter—Since filedNew this quarterHeld
All holdings — First Trust Capital Management L.P. (Q2 2026)
161 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | AVANOS MEDICAL, INC. | Healthcare | $29.5M | 1.7% | 1.18M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Launch One Acquisition Corp. | Financials | $22.4M | 1.3% | 2.07M | — | 8 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | DigitalBridge Group, Inc. | Financials | $21.2M | 1.2% | 1.34M | +1409% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Whitestone REIT | Real Estate | $20.6M | 1.2% | 1.09M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | — | SIDDHI ACQUISITION CORP - Equity | — | $13.6M | 0.8% | 1.30M | — | — | — | 13F |
| 16 | Palmer Square Capital BDC Inc. | Other | $13.4M | 0.8% | 1.29M | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | CATALYST PHARMACEUTICALS, INC. | Healthcare | $13.1M | 0.8% | 416K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | — | ARES ACQUISITION CORP III - Equity | — | $12.5M | 0.7% | 1.24M | New | — | — | 13F |
| 19 | Caesars Entertainment, Inc. | Consumer Discretionary | $12.1M | 0.7% | 400K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Global Business Travel Group, Inc. | Consumer Discretionary | $11.7M | 0.7% | 1.24M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Vendome Acquisition Corp I | Financials | $11.1M | 0.7% | 1.09M | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Chime Financial, Inc. | Financials | $11.0M | 0.6% | 537K | — | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Soulpower Acquisition Corp. | Financials | $10.8M | 0.6% | 1.04M | — | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Drugs Made In America Acquisition II Corp. | Financials | $10.7M | 0.6% | 1.07M | — | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Cantor Equity Partners IV, Inc. | Financials | $10.4M | 0.6% | 1.00M | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $NHIC | NewHold Investment Corp. III | Financials | $10.0M | 0.6% | 915K | -2% | |||
| 27 | $CUB | Lionheart Holdings | Financials | $9.2M | 0.5% | 850K | -60% | |||
| 28 | $DAAQ | Digital Asset Acquisition Corp. | Financials | $9.1M | 0.5% | 876K | — | |||
| 29 | $CHAR | Charlton Aria Acquisition Corp | Financials | $9.0M | 0.5% | 829K | — | |||
| 30 | $DMAA | Drugs Made In America Acquisition Corp. | Financials | $8.4M | 0.5% | 786K | -65% | |||
| 31 | $AVB | AVALONBAY COMMUNITIES INC | Real Estate | $8.1M | 0.5% | 43K | New | |||
| 32 | $ANSC | Agriculture & Natural Solutions Acquisition Corp | Financials | $8.0M | 0.5% | 697K | -47% | |||
| 33 | $AFJK | Aimei Health Technology Co., Ltd. | Financials | $7.7M | 0.5% | 680K | — | |||
| 34 | — | MESHFLOW ACQUISITION CORP - Equity | — | $7.5M | 0.4% | 750K | — | |||
| 35 | $BDCI | BTC Development Corp. | Financials | $7.4M | 0.4% | 739K | — | |||
| 36 | $KEYY | Keystone Acquisition Corp. | Financials | $7.4M | 0.4% | 750K | New | |||
| 37 | $TONT | Graf Global Corp. | Financials | $7.3M | 0.4% | 677K | -32% | |||
| 38 | $CCAQ | COLLECTIVE ACQUISITION CORP. | Financials | $7.3M | 0.4% | 700K | — | |||
| 39 | $CCAQ | COLLECTIVE ACQUISITION CORP. | Financials | $6.9M | 0.4% | 700K | New | |||
| 40 | — | SC II ACQUISITION CORP - Equity | — | $6.8M | 0.4% | 675K | — | |||
| 41 | $APXT | Apex Treasury Corp | Financials | $6.6M | 0.4% | 655K | — | |||
| 42 | $EVAC | EQV Ventures Acquisition Corp. II | Financials | $6.4M | 0.4% | 627K | — | |||
| 43 | $POLE | Andretti Acquisition Corp. II | Financials | $6.4M | 0.4% | 591K | — | |||
| 44 | $APMC | AmperCap Acquisition Co | Financials | $6.3M | 0.4% | 631K | New | |||
| 45 | $CEPV | Cantor Equity Partners V, Inc. | Financials | $6.2M | 0.4% | 605K | — | |||
| 46 | — | CRANE HBR ACQUISITION CORP I - Equity | — | $6.1M | 0.3% | 600K | — | |||
| 47 | — | YORKVILLE INTL CAP CORP - Equity | — | $6.0M | 0.3% | 600K | New | |||
| 48 | $IRHO | Iron Horse Acquisition II Corp. | Financials | $6.0M | 0.3% | 600K | — | |||
| 49 | $FMAC | Future Money Acquisition Corp | Financials | $6.0M | 0.3% | 600K | New | |||
| 50 | $JACS | Jackson Acquisition Co II | Financials | $6.0M | 0.3% | 563K | — | |||
| 51 | — | MOUNTAIN LAKE ACQUISIT CORP - Equity | — | $6.0M | 0.3% | 600K | New | |||
| 52 | — | M EVO GBL ACQUISITION CORP I - Equity | — | $5.9M | 0.3% | 599K | — | |||
| 53 | $RFAI | RF Acquisition Corp II | Financials | $5.7M | 0.3% | 515K | — | |||
| 54 | $WENN | WEN Acquisition Corp | Financials | $5.5M | 0.3% | 538K | — | |||
| 55 | $DYOR | Insight Digital Partners II | Financials | $5.5M | 0.3% | 543K | — | |||
| 56 | $CHPG | ChampionsGate Acquisition Corp | Financials | $5.3M | 0.3% | 514K | — | |||
| 57 | $LPRO | Open Lending Corp | Financials | $5.3M | 0.3% | 1.71M | New | |||
| 58 | $OGN | Organon & Co. | Healthcare | $5.3M | 0.3% | 391K | New | |||
| 59 | $IPCX | Inflection Point Acquisition Corp. III | Financials | $5.2M | 0.3% | 500K | — | |||
| 60 | $PACH | Pioneer Acquisition I Corp | Financials | $5.1M | 0.3% | 500K | — | |||
| 61 | — | SPRING VY ACQUISITION CORP I - Equity | — | $5.1M | 0.3% | 500K | — | |||
| 62 | $GSHR | Gesher Acquisition Corp. II | Financials | $5.0M | 0.3% | 482K | — | |||
| 63 | — | HALL CHADWICK ACQUISITION CO - Equity | — | $5.0M | 0.3% | 500K | — | |||
| 64 | $HACQ | HCM IV Acquisition Corp. | Financials | $5.0M | 0.3% | 500K | New | |||
| 65 | — | COLUMBUS CIRCLE CAP CORP II - Equity | — | $5.0M | 0.3% | 494K | -18% | |||
| 66 | — | LAFAYETTE DIGITAL ACQUISITIO - Equity | — | $5.0M | 0.3% | 500K | — | |||
| 67 | $IACO | Idea Acquisition Corp. | Financials | $5.0M | 0.3% | 500K | New | |||
| 68 | $IGAC | Invest Green Acquisition Corp | Financials | $5.0M | 0.3% | 495K | — | |||
| 69 | $GTERA | Globa Terra Acquisition Corp | Financials | $4.9M | 0.3% | 474K | — | |||
| 70 | $SBXD | SilverBox Corp IV | Financials | $4.8M | 0.3% | 445K | — | |||
| 71 | $XRPNU | Armada Acquisition Corp. II | Financials | $4.8M | 0.3% | 459K | — | |||
| 72 | $DRDB | Roman DBDR Acquisition Corp. II | Financials | $4.8M | 0.3% | 453K | — | |||
| 73 | $AACP | Apogee Acquisition Corp | Financials | $4.7M | 0.3% | 475K | New | |||
| 74 | $FERA | Fifth Era Acquisition Corp I | Financials | $4.7M | 0.3% | 450K | — | |||
| 75 | $AXIN | Axiom Intelligence Acquisition Corp 1 | Financials | $4.6M | 0.3% | 447K | -18% | |||
| 76 | — | RRE VENTURES ACQUISITION COR - Equity | — | $4.4M | 0.3% | 450K | New | |||
| 77 | — | INFLECTION PT ACQUISIT CORP - Equity | — | $4.3M | 0.3% | 419K | New | |||
| 78 | $SZZL | Sizzle Acquisition Corp. II | Financials | $4.1M | 0.2% | 398K | — | |||
| 79 | $KOYN | CSLM Digital Asset Acquisition Corp III, Ltd | Financials | $4.1M | 0.2% | 400K | — | |||
| 80 | $MBVI | M3-Brigade Acquisition VI Corp. | Financials | $4.0M | 0.2% | 400K | — | |||
| 81 | $CRAQ | Cal Redwood Acquisition Corp. | Financials | $4.0M | 0.2% | 392K | — | |||
| 82 | $TDWD | Tailwind 2.0 Acquisition Corp. | Financials | $4.0M | 0.2% | 400K | — | |||
| 83 | $ATLQ | JAB Acquisition Corp I | Financials | $4.0M | 0.2% | 400K | New | |||
| 84 | — | TGE VALUE CREATIVE SOLUTIONS - Equity | — | $4.0M | 0.2% | 400K | — | |||
| 85 | $AACB | Artius II Acquisition Inc. | Financials | $4.0M | 0.2% | 380K | — | |||
| 86 | — | IRIS ACQUISITION CORP II - Equity | — | $4.0M | 0.2% | 400K | — | |||
| 87 | — | D BORAL ACQUISITION I CORP - Equity | — | $3.7M | 0.2% | 375K | New | |||
| 88 | $BCARU | D. Boral ARC Acquisition I Corp. | Financials | $3.7M | 0.2% | 359K | -24% | |||
| 89 | $TACO | Berto Acquisition Corp. | Financials | $3.7M | 0.2% | 352K | — | |||
| 90 | $RAC | Rithm Acquisition Corp. | Financials | $3.7M | 0.2% | 352K | — | |||
| 91 | $TACH | Titan Acquisition Corp. | Financials | $3.7M | 0.2% | 352K | — | |||
| 92 | $RDAG | Republic Digital Acquisition Co | Financials | $3.7M | 0.2% | 354K | — | |||
| 93 | — | COLOMBIER ACQUISITION CORP I - Equity | — | $3.6M | 0.2% | 350K | -13% | |||
| 94 | $GSRF | GSR IV Acquisition Corp. | Financials | $3.6M | 0.2% | 353K | — | |||
| 95 | $MTAL | Metals Acquisition Corp. II | Financials | $3.6M | 0.2% | 351K | New | |||
| 96 | — | SILICON VY ACQUISITION CORP - Equity | — | $3.5M | 0.2% | 350K | — | |||
| 97 | $DNMX | Dynamix Corp III | Financials | $3.5M | 0.2% | 353K | — | |||
| 98 | $EVOX | Evolution Global Acquisition Corp | Financials | $3.5M | 0.2% | 351K | — | |||
| 99 | — | K2 CAP ACQUISITION CORP - Equity | — | $3.5M | 0.2% | 353K | — | |||
| 100 | $RTAC | Renatus Tactical Acquisition Corp I | Financials | $3.5M | 0.2% | 333K | — | |||
| 101 | — | VINE HILL CAP INVTS CORP II - Equity | — | $3.5M | 0.2% | 350K | — | |||
| 102 | $CEPO | Cantor Equity Partners I, Inc. | Financials | $3.5M | 0.2% | 329K | -20% | |||
| 103 | — | BLACK SPADE ACQUISITION III - Equity | — | $3.5M | 0.2% | 350K | — | |||
| 104 | $WENC | West Enclave Merger Corp. | Financials | $3.5M | 0.2% | 350K | New | |||
| 105 | — | BLUEROCK ACQUISITION CORP - Equity | — | $3.3M | 0.2% | 333K | — | |||
| 106 | $MCGA | Yorkville Acquisition Corp. | Financials | $3.2M | 0.2% | 312K | — | |||
| 107 | $PLMK | Plum Acquisition Corp. IV | Financials | $3.2M | 0.2% | 297K | — | |||
| 108 | $ONCH | 1RT Acquisition Corp. | Financials | $3.1M | 0.2% | 300K | — | |||
| 109 | $LAFA | LaFayette Acquisition Corp. | Financials | $3.0M | 0.2% | 300K | — | |||
| 110 | — | SAFEGUARD ACQUISITION CORP - Equity | — | $3.0M | 0.2% | 300K | — | |||
| 111 | — | ITHAX ACQUISITION CORP III - Equity | — | $3.0M | 0.2% | 300K | — | |||
| 112 | — | ACP HOLDINGS ACQUISITION COR - Equity | — | $3.0M | 0.2% | 300K | New | |||
| 113 | — | CAMBRIDGE ACQUISITION CORP - Equity | — | $3.0M | 0.2% | 300K | — | |||
| 114 | $FCRS | FutureCrest Acquisition Corp. | Financials | $2.8M | 0.2% | 276K | -21% | |||
| 115 | $PCAP | ProCap Acquisition Corp | Financials | $2.7M | 0.2% | 261K | — | |||
| 116 | $MACI | Melar Acquisition Corp. I/Cayman | Industrials | $2.6M | 0.1% | 240K | -83% | |||
| 117 | $BLUW | Blue Water Acquisition Corp. III | Financials | $2.6M | 0.1% | 250K | — | |||
| 118 | $FIGX | FIGX Capital Acquisition Corp. | Financials | $2.6M | 0.1% | 250K | — | |||
| 119 | $PAII | Pyrophyte Acquisition Corp. II | Financials | $2.5M | 0.1% | 250K | — | |||
| 120 | $HVMC | Highview Merger Corp. | Financials | $2.5M | 0.1% | 250K | — | |||
| 121 | $YCY | AA Mission Acquisition Corp. II | Financials | $2.5M | 0.1% | 250K | — | |||
| 122 | $CAES | Cantor Equity Partners VII, Inc. | Financials | $2.5M | 0.1% | 250K | New | |||
| 123 | — | KRAKACQUISITION CORPORATION - Equity | — | $2.5M | 0.1% | 250K | — | |||
| 124 | — | MUZERO ACQUISITION CORP - Equity | — | $2.5M | 0.1% | 250K | — | |||
| 125 | $JENA | JENA ACQUISITION Corp II | Financials | $2.3M | 0.1% | 222K | — | |||
| 126 | — | CANTOR EQUITY PARTNERS VI IN - Equity | — | $2.1M | 0.1% | 200K | — | |||
| 127 | $CCII | Cohen Circle Acquisition Corp. II | Financials | $2.1M | 0.1% | 200K | — | |||
| 128 | — | SPACE ASSET ACQUISITION CORP - Equity | — | $2.0M | 0.1% | 200K | — | |||
| 129 | $BLZR | Trailblazer Acquisition Corp. | Financials | $2.0M | 0.1% | 200K | — | |||
| 130 | — | SILVERBOX CORP V - Equity | — | $2.0M | 0.1% | 200K | — | |||
| 131 | — | ALUSSA ENERGY ACQUISIT CORP - Equity | — | $2.0M | 0.1% | 200K | — | |||
| 132 | — | ARCHIMEDES TECH SPAC PTNRS I - Equity | — | $2.0M | 0.1% | 200K | — | |||
| 133 | — | ACTIVATE ENERGY ACQUISIT COR - Equity | — | $2.0M | 0.1% | 200K | — | |||
| 134 | $PONO | Pono Capital Four, Inc. | Financials | $2.0M | 0.1% | 200K | New | |||
| 135 | — | AEON ACQUISITION I CORP - Equity | — | $1.9M | 0.1% | 190K | New | |||
| 136 | $KVUE | Kenvue Inc. | Consumer Staples | $1.9M | 0.1% | 99K | New | |||
| 137 | — | DAEDALUS SPL ACQUISITION COR - Equity | — | $1.8M | 0.1% | 175K | — | |||
| 138 | — | LEGATO MERGER CORP IV - Equity | — | $1.7M | 0.1% | 175K | — | |||
| 139 | $OYSE | Oyster Enterprises II Acquisition Corp | Financials | $1.5M | 0.1% | 150K | — | |||
| 140 | $BCSS | Bain Capital GSS Investment Corp. | Financials | $1.5M | 0.1% | 150K | — | |||
| 141 | — | SPARTACUS ACQUISITION CORP I - Equity | — | $1.5M | 0.1% | 150K | New | |||
| 142 | — | HELIX ACQUISITION CORP III - Equity | — | $1.3M | 0.1% | 118K | — | |||
| 143 | — | WILLOW LANE ACQUISITION CRP - Equity | — | $1.1M | 0.1% | 110K | New | |||
| 144 | $KFII | K&F GROWTH ACQUISITION CORP. II | Financials | $1.1M | 0.1% | 102K | — | |||
| 145 | $SOCA | Solarius Capital Acquisition Corp. | Financials | $1.0M | 0.1% | 100K | — | |||
| 146 | — | BLUEPORT ACQUISITION LTD - Equity | — | $1.0M | 0.1% | 100K | — | |||
| 147 | — | LEAPFROG ACQUISITION CORP - Equity | — | $1000K | 0.1% | 100K | — | |||
| 148 | $OTGA | OTG Acquisition Corp. I | Financials | $820K | 0.1% | 81K | — | |||
| 149 | — | KENSINGTON CAP ACQUISITION - Equity | — | $781K | 0.1% | 77K | New | |||
| 150 | — | TRIBECA STRATEGIC ACQUISITIO - Equity | — | $709K | 0.0% | 71K | New |
What changed in Q2 2026
Against the previous quarter's 13F: 40 new, 6 added to, 15 trimmed, 62 sold out. Share-count changes; largest moves by dollar size first.
New positions (40)
$TMHCTaylor Morrison Home Corp$215.4M
first bought this quarter
$NUVLNuvalent, Inc.$103.4M
first bought this quarter
$APGEApogee Therapeutics, Inc.$83.0M
first bought this quarter
$SILASila Realty Trust, Inc.$74.6M
first bought this quarter
$JHGJanus Henderson Group Ltd.$62.1M
first bought this quarter
$BLDQXO Insulation, LLC$46.9M
first bought this quarter
+34 more in the Excel export
Added to (6)
$GTLSCHART INDUSTRIES INC+37%
now $181.0M · held 2 qtrs, 2 adds in a row
$WBSWEBSTER FINANCIAL CORP+70%
now $64.9M · held 2 qtrs, 2 adds in a row
$DBRG-PHDigitalBridge Group, Inc.+1409%
now $21.2M · held 2 qtrs, 2 adds in a row
$NSANational Storage Affiliates Trust+14%
now $92.0M · held 2 qtrs, 2 adds in a row
$WESWestern Midstream Partners, LP+7%
now $246K · held 5 qtrs
$MPLXMPLX LP+3%
now $219K · held 3 qtrs
Trimmed (15)
$EAELECTRONIC ARTS INC.-41%
now $49.2M · held 4 qtrs
$DMAADrugs Made In America Acquisition Corp.-65%
now $8.4M · held 6 qtrs
$CUBLionheart Holdings-60%
now $9.2M · held 9 qtrs
$MACIMelar Acquisition Corp. I/Cayman-83%
now $2.6M · held 8 qtrs
$ANSCAgriculture & Natural Solutions Acquisition Corp-47%
now $8.0M · held 9 qtrs, 3 trims in a row
$TONTGraf Global Corp.-32%
now $7.3M · held 8 qtrs, 2 trims in a row
+9 more in the Excel export
Sold out (62)
$HOLXHOLOGIC INCwas $100.4M
held 2 qtrs
$SDASunCar Technology Group Inc.was $98.2M
held 2 qtrs
$MASIMASIMO CORPwas $85.3M
held 1 qtr
$TPHTri Pointe Homes, Inc.was $74.7M
held 1 qtr
$ALAIR LEASE CORPwas $63.4M
held 2 qtrs
$CWANClearwater Analytics Holdings, Inc.was $50.9M
+56 more in the Excel export
Holdings by quarter
Every 13F First Trust Capital Management L.P. has filed, 37 earlier quarters. Pick one to see what it held then.
Is it too late to follow First Capital Management L.P.?
Q2 2026 13F filed with the SEC on Aug 13, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of First Capital Management L.P.'s top 20 holdings: 53/100 (our AI quality score, weighted by position size; 14 of the 20 are scored)
Top 10 since filing
—
Value-weighted move of the 10 largest stock positions
Turnover
50%
Last quarter; 198% over the last 4
Top 10 weight
57%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
24%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
First Trust Capital Management L.P. disclosed 161 positions worth $1.7B in its Form 13F-HR for Q2 2026, led by $TMHC (Taylor Morrison Home Corp) at 12.5% of the equity portfolio, followed by $GTLS and $NUVL. During the quarter the fund opened 40 new positions and exited 62 — including a new stake in $TMHC and a full exit from $HOLX. The portfolio is most concentrated in Financials (34.0% of disclosed assets). All figures are sourced directly from First Trust Capital Management L.P.’s Form 13F-HR filing with the SEC under CIK 1604488.
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