First Trust Capital Management L.P.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), First Trust Capital Management L.P. reported 115 stock positions worth $1.2 billion. Its top holding was American National (AEL) at 7.0% of the portfolio, followed by Tricon Residential (TCN, 7.0%) and Pioneer Natural Resources (PXD, 6.4%). Compared with Q4 2023, it opened 32 new positions, sold out of 50, added to 20 and reduced 24. The biggest buy was a new position in Tricon Residential (TCN) and the biggest sale an exit from Spirit Realty Capital (SRC).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001604488
- Portfolio Value
- $1.2B (Q1 2024)
- SEC Filing
- 0001604488-24-000192 ↗ filed May 15, 2024
Holdings Value
Holdings 115 stocks · $1.2B
| AEL American National Group Inc. | 7.04% | 1,473,868 | $82.9M | Add +51.6% |
| TCN Tricon Residential Inc. | 7.02% | 7,408,447 | $82.6M | New |
| PXD Pioneer Natural Resources Co. | 6.40% | 286,825 | $75.3M | Add +71.6% |
| M D C HLDGS INC | 6.32% | 1,182,553 | $74.4M | New |
| SCRM Screaming Eagle Acq Class A | 5.87% | 6,459,800 | $69.1M | Add +7.5% |
| DOOR Masonite International Corp. | 5.30% | 474,629 | $62.4M | New |
| CVII Churchill Capital Corp. Vii-A | 2.77% | 3,046,874 | $32.6M | Add +204.7% |
| RRACF Rigel Resource Acquisit Class A | 2.38% | 2,504,677 | $28.0M | No change |
| KAMN Kaman Corp. | 1.75% | 449,395 | $20.6M | New |
| EAGLE BULK SHIPPING INC | 1.75% | 329,332 | $20.6M | New |
| ARES ACQUISITION CORP II | 1.70% | 1,895,243 | $20.0M | Reduce -14.0% |
| NWLI National Western Life Grou-A | 1.65% | 39,561 | $19.5M | Add +72.4% |
| PLAOF Patria Latin American Opport | 1.61% | 1,676,104 | $18.9M | No change |
| TRTLF Tortoiseecofin Acquisition-A | 1.55% | 1,694,767 | $18.3M | No change |
| RENEF Cartesian Growth Corp. II- A | 1.49% | 1,578,232 | $17.5M | No change |
| NETD Nabors Energy Transition C-A | 1.46% | 1,648,492 | $17.1M | Add +2.2% |
| IVCAF Libity filed as INVESTCORP INDIA ACQUISTN CO | 1.38% | 1,455,837 | $16.3M | No change |
| SVIIF Spring Valley Acquisition-A | 1.36% | 1,452,766 | $16.0M | Reduce -35.0% |
| KVACF Keen Vision Acquisition Corp. | 1.28% | 1,441,000 | $15.1M | New |
| PSBD Palmer Square Capital BDC Inc. | 1.26% | 911,854 | $14.9M | New |
| CNDA Concord Acquisition Corp. Class A | 1.25% | 1,393,734 | $14.7M | Reduce -7.1% |
| SEDA SDCL Edge Acquisition Corp. Class A | 1.22% | 1,310,574 | $14.3M | No change |
| APCA Ap Acquisition Corp. Class A | 1.07% | 1,116,407 | $12.6M | No change |
| USAR USA Rare Earth Inc. filed as INFLECTION PT ACQUISITN CRP | 1.07% | 1,203,007 | $12.6M | No change |
| CERE Cerevel Therapeutics Holding | 0.99% | 276,229 | $11.7M | New |
| PEGR Project Energy Reimagined Ac | 0.97% | 1,085,400 | $11.4M | No change |
| IVCBF Invest Acquisition Corp. | 0.94% | 981,785 | $11.1M | Add +1.3% |
| TRIS Tristar Acquisition I Corp. Class A | 0.94% | 1,004,309 | $11.0M | No change |
| HAYMAKER ACQUISITION CORP 4 | 0.92% | 1,039,441 | $10.8M | Reduce -16.1% |
| ISRLF Israel Acquisitions Corp. Class A | 0.87% | 953,033 | $10.3M | No change |
| TAST Carrols Restaurant Group Inc. | 0.86% | 1,067,091 | $10.1M | New |
| PHYTF Pyrophyte Acquisition Corp. Class A | 0.84% | 889,710 | $9.9M | Add +8.6% |
| ERF Enerplus Corp. | 0.81% | 485,119 | $9.5M | New |
| EGRVF Evergreen Corporation Class A | 0.77% | 794,078 | $9.0M | No change |
| ALSAF Alpha Star Acquisition Corp. | 0.74% | 768,539 | $8.7M | Add +0.0% |
| GAQ Generation Asia I Acquisit-A | 0.72% | 765,746 | $8.4M | No change |
| CURR Currenc Group Inc. filed as INFINT ACQUISITION CORP | 0.67% | 693,076 | $7.9M | No change |
| ZLSSF Zalatoris II Acquisition Cor | 0.59% | 644,000 | $7.0M | No change |
| AFJK Aimei Health Technology Co. | 0.59% | 680,000 | $7.0M | Add +126.7% |
| VMCAF Valuence Merger Corp. I Class A | 0.59% | 614,861 | $7.0M | No change |
| EVE Eve Mobility Acquisition C-A | 0.57% | 609,120 | $6.7M | Reduce 0.0% |
| BKHAU Black Hawk Acquisition Corp. | 0.56% | 650,000 | $6.6M | New |
| CFFS CF Acquisition Corp. Vii Class A | 0.56% | 595,503 | $6.5M | Reduce -50.0% |
| BOWN Bowen Acquisition Corp. | 0.55% | 621,000 | $6.5M | New |
| APXIF Apx Acquisition Corp. I | 0.54% | 554,066 | $6.3M | Add +16.0% |
| CDAQF Compass Digital Acquisition | 0.53% | 578,969 | $6.2M | No change |
| OAKU Oak Woods Acquisition Corp. Class A | 0.52% | 570,368 | $6.1M | No change |
| BURTECH ACQUISITION CORP | 0.52% | 551,400 | $6.1M | No change |
| ALPHAVEST ACQUISITION CORP | 0.52% | 556,839 | $6.1M | No change |
| NFSCF Enphys Acquisition Corp. | 0.51% | 549,819 | $5.9M | Add +174.9% |
| HSPOF Horizon Space Acquisition I | 0.49% | 526,871 | $5.7M | Reduce -3.7% |
| COLOMBIER ACQUISITION CORP | 0.48% | 554,997 | $5.7M | No change |
| BAYA Bayview Acquisition Corp. Class A | 0.48% | 565,000 | $5.7M | No change |
| BUJA Bukit Jalil Global Acquisiti | 0.48% | 534,700 | $5.6M | Add +6.9% |
| GLACF Global Lights Acquisition Co. | 0.48% | 550,000 | $5.6M | No change |
| BFACF Battery Future Acquisition-A | 0.47% | 500,000 | $5.5M | No change |
| EMCGF Embrace Change Acquisition C | 0.44% | 461,455 | $5.1M | New |
| BOCN Blue Ocean Acquisition Cor-A | 0.42% | 450,699 | $5.0M | Add +80.3% |
| WELNF Integrated Wellness Acq - A | 0.42% | 430,000 | $4.9M | No change |
| KCGI Kensington Capital Acq-A | 0.41% | 448,068 | $4.9M | No change |
| ALCYF Alchemy Investments Acquisit | 0.40% | 450,192 | $4.8M | Reduce -3.5% |
| CSLMF CSLM Acquisition Corp. | 0.40% | 429,021 | $4.7M | Add +56.0% |
| GDST Goldenstone Acquisition Ltd. | 0.40% | 428,536 | $4.7M | No change |
| ALPHATIME ACQUISITION CORP | 0.40% | 426,530 | $4.7M | New |
| AITR AI Transportation Acquisitio | 0.39% | 450,000 | $4.6M | New |
| MITA Coliseum Acquisition Corp. Class A | 0.39% | 424,001 | $4.6M | No change |
| JVSA Jvspac Acquisition Corp. Class A | 0.38% | 450,000 | $4.5M | New |
| AIEV Thunder Power Holdings Inc. filed as FEUTUNE LIGHT ACQUISITION CO | 0.38% | 417,839 | $4.5M | No change |
| ANDRETTI ACQUISITION CORP | 0.38% | 410,223 | $4.5M | Reduce -59.0% |
| MCAA Mountain & Co. I Acquisition | 0.38% | 389,517 | $4.5M | Reduce -64.3% |
| IXAQF Ix Acquisition Corp. Class A | 0.36% | 380,208 | $4.3M | No change |
| TENX KEANE ACQUISITION | 0.35% | 373,806 | $4.1M | New |
| LATG Chenghe Acquisition I Co. | 0.35% | 367,260 | $4.1M | No change |
| NNAG 99 Acquisition Group in Class A | 0.35% | 400,000 | $4.1M | No change |
| DIST Distoken Acquisition Corp. | 0.34% | 377,222 | $4.1M | No change |
| SLAMF Slam Corp. Class A | 0.34% | 364,532 | $4.1M | New |
| CRTAF Cartica Acquisition Corp. Class A | 0.32% | 341,562 | $3.8M | Reduce -2.4% |
| FNVTF Finnovate Acquisition Corp. Class A | 0.30% | 317,558 | $3.6M | Reduce -2.6% |
| AIMTF Aimfinity Investment-Subunit | 0.30% | 320,000 | $3.6M | No change |
| FEXD Fintech Ecosystem Developm-A | 0.27% | 288,097 | $3.2M | Reduce -26.1% |
| TLGYF TLGY Acquisition Corp. Class A | 0.27% | 277,265 | $3.1M | Add +22.0% |
| BWAQ Blue World Acquisition Corp. | 0.26% | 276,233 | $3.1M | Add +26.4% |
| SPKLF Spark I Acquisition Corp. | 0.25% | 291,138 | $3.0M | Reduce -1.9% |
| AMED Amedisys Inc. | 0.23% | 29,161 | $2.7M | Reduce -14.2% |
| LEGT.U Legato Merger Corp. III | 0.22% | 257,169 | $2.6M | New |
| ACI Albertsons Cos Inc. Class A | 0.21% | 115,879 | $2.5M | Reduce -17.2% |
| ARYD Arya Sciences Acquisition-A | 0.20% | 211,632 | $2.4M | Add +92.8% |
| FUSN Fusion Pharmaceuticals Inc. | 0.20% | 107,737 | $2.3M | New |
| AXONICS INC | 0.16% | 27,634 | $1.9M | New |
| GODN Golden Star Acquisition Corp. | 0.16% | 178,700 | $1.9M | No change |
| X United States Steel Corp. | 0.15% | 44,074 | $1.8M | New |
| HRT Hireright Holdings Corp. | 0.15% | 123,890 | $1.8M | New |
| JNPR Juniper Networks Inc. | 0.14% | 43,937 | $1.6M | New |
| DFS Discover Financial Services | 0.13% | 11,531 | $1.5M | New |
| ASBP Aspire-Lakewood Holdings Inc. filed as POWERUP ACQUISITION CORP | 0.12% | 128,449 | $1.4M | No change |
| CTLT Catalent Inc. | 0.12% | 24,806 | $1.4M | New |
| VZIO Vizio Holding Corp. Class A | 0.12% | 126,445 | $1.4M | New |
| CCTSF Cactus Acquisition Corp. 1 LT | 0.11% | 115,150 | $1.3M | New |
| LBAI Lakeland Bancorp Inc. | 0.10% | 101,468 | $1.2M | Reduce -16.5% |
| NS Nustar Energy LP | 0.10% | 48,794 | $1.1M | New |
Portfolio Sells Q4 2023 → Q1 2024
| SRC Spirit Realty Capital Inc. | Sold out | 0.00% | −11.25 |
| AYX Alteryx Inc. Class A | Sold out | 0.00% | −3.49 |
| SPLK Splunk Inc. | Sold out | 0.00% | −3.26 |
| RPT REALTY | Sold out | 0.00% | −2.48 |
| ANSCU Agriculture & Natural Soluti | Sold out | 0.00% | −2.21 |
| TGH Textainer Group Holdings Ltd. | Sold out | 0.00% | −2.04 |
| LCAA L Catterton Asia Acq Class A | Sold out | 0.00% | −1.58 |
| HCVI Hennessy Capital Invest Class A | Sold out | 0.00% | −1.56 |
| FLD Fold Holdings Inc. | Sold out | 0.00% | −1.54 |
| IMGN Immunogen Inc. | Sold out | 0.00% | −1.36 |
| PLMJF Plum Acquisition Corp. III | Sold out | 0.00% | −1.27 |
| GHIX Gores Holding Ix Inc. Class A | Sold out | 0.00% | −1.09 |
| KVAUF Keen Vision Acquisition Corp. | Sold out | 0.00% | −0.99 |
| PONO CAP THREE INC | Sold out | 0.00% | −0.97 |
| EVCO Everest Consolidator Acquisi | Sold out | 0.00% | −0.95 |
| ROVR Rover Group Inc. | Sold out | 0.00% | −0.78 |
| CHEA Chenghe Acquisition Co. Class A | Sold out | 0.00% | −0.70 |
| RYZB Rayzebio Inc. | Sold out | 0.00% | −0.67 |
| ESHA Esh Acquisition Corp. Class A | Sold out | 0.00% | −0.57 |
| MCAA Mountain & Co. I Acquisition | Reduce -64.3% | 0.38% | −0.56 |
| SKGR SK Growth Opportunities Co. Class A | Sold out | 0.00% | −0.54 |
| SVIIF Spring Valley Acquisition-A | Reduce -35.0% | 1.36% | −0.50 |
| ESMT Engagesmart Inc. | Sold out | 0.00% | −0.49 |
| ANDRETTI ACQUISITION CORP | Reduce -59.0% | 0.38% | −0.45 |
| KRNL Kernel Group Holdings Inc. Class A | Sold out | 0.00% | −0.44 |
| CFFS CF Acquisition Corp. Vii Class A | Reduce -50.0% | 0.56% | −0.43 |
| DUET Duet Acquisition Corp. Class A | Sold out | 0.00% | −0.42 |
| ROSS Ross Acquisition Corp. II -A | Sold out | 0.00% | −0.41 |
| KRTX Karuna Therapeutics Inc. | Sold out | 0.00% | −0.37 |
| PGSS Pegasus Digital Mobility A-A | Sold out | 0.00% | −0.37 |
| HOLI Hollysys Automation Technolo | Sold out | 0.00% | −0.36 |
| TCOA Zalatoris Acquisition Corp. | Sold out | 0.00% | −0.33 |
| SACQF Spree Acquisition Corp. 1 Ltd. | Sold out | 0.00% | −0.32 |
| GLOBAL PARTNER ACQISTN CORP | Sold out | 0.00% | −0.31 |
| IRRX Integrated Rail and Class A | Sold out | 0.00% | −0.30 |
| BNAI Brand Engagement Network Inc. | Sold out | 0.00% | −0.28 |
| BVH Bluegreen Vacations Holding | Sold out | 0.00% | −0.22 |
| TWOA Two Class A | Sold out | 0.00% | −0.21 |
| MRTX Mirati Therapeutics Inc. | Sold out | 0.00% | −0.19 |
| FOCUS IMPACT ACQUISITION COR | Sold out | 0.00% | −0.17 |
| DPCS DP Cap Acquisition Corp. Class A | Sold out | 0.00% | −0.16 |
| SOVO Sovos Brands Inc. | Sold out | 0.00% | −0.15 |
| CMCAF Piermont Valley Acquisition | Sold out | 0.00% | −0.12 |
| TXNM TXNM Energy Inc. | Sold out | 0.00% | −0.12 |
| CHS Chico's Fas Inc. | Sold out | 0.00% | −0.11 |
| MARX Mars Acquisition Corp. | Sold out | 0.00% | −0.09 |
| QFTA Quantum Fintech Acquisition | Sold out | 0.00% | −0.09 |
| CETU Cetus Capital Acquisition Co. | Sold out | 0.00% | −0.09 |
| IRBTQ Irobot Corp. | Sold out | 0.00% | −0.09 |
| CHAA Catcha Investment Corp. Class A | Sold out | 0.00% | −0.08 |
Portfolio Buys Q4 2023 → Q1 2024
| TCN Tricon Residential Inc. | New | 7.02% | +7.02 |
| M D C HLDGS INC | New | 6.32% | +6.32 |
| DOOR Masonite International Corp. | New | 5.30% | +5.30 |
| PXD Pioneer Natural Resources Co. | Add +71.6% | 6.40% | +3.51 |
| AEL American National Group Inc. | Add +51.6% | 7.04% | +2.88 |
| CVII Churchill Capital Corp. Vii-A | Add +204.7% | 2.77% | +1.96 |
| KAMN Kaman Corp. | New | 1.75% | +1.75 |
| EAGLE BULK SHIPPING INC | New | 1.75% | +1.75 |
| KVACF Keen Vision Acquisition Corp. | New | 1.28% | +1.28 |
| PSBD Palmer Square Capital BDC Inc. | New | 1.26% | +1.26 |
| CERE Cerevel Therapeutics Holding | New | 0.99% | +0.99 |
| SCRM Screaming Eagle Acq Class A | Add +7.5% | 5.87% | +0.99 |
| TAST Carrols Restaurant Group Inc. | New | 0.86% | +0.86 |
| ERF Enerplus Corp. | New | 0.81% | +0.81 |
| NWLI National Western Life Grou-A | Add +72.4% | 1.65% | +0.80 |
| BKHAU Black Hawk Acquisition Corp. | New | 0.56% | +0.56 |
| BOWN Bowen Acquisition Corp. | New | 0.55% | +0.55 |
| EMCGF Embrace Change Acquisition C | New | 0.44% | +0.44 |
| ALPHATIME ACQUISITION CORP | New | 0.40% | +0.40 |
| AITR AI Transportation Acquisitio | New | 0.39% | +0.39 |
| JVSA Jvspac Acquisition Corp. Class A | New | 0.38% | +0.38 |
| AFJK Aimei Health Technology Co. | Add +126.7% | 0.59% | +0.36 |
| TENX KEANE ACQUISITION | New | 0.35% | +0.35 |
| SLAMF Slam Corp. Class A | New | 0.34% | +0.34 |
| NFSCF Enphys Acquisition Corp. | Add +174.9% | 0.51% | +0.34 |
| LEGT.U Legato Merger Corp. III | New | 0.22% | +0.22 |
| BOCN Blue Ocean Acquisition Cor-A | Add +80.3% | 0.42% | +0.22 |
| FUSN Fusion Pharmaceuticals Inc. | New | 0.20% | +0.20 |
| CSLMF CSLM Acquisition Corp. | Add +56.0% | 0.40% | +0.17 |
| NETD Nabors Energy Transition C-A | Add +2.2% | 1.46% | +0.17 |
| AXONICS INC | New | 0.16% | +0.16 |
| X United States Steel Corp. | New | 0.15% | +0.15 |
| HRT Hireright Holdings Corp. | New | 0.15% | +0.15 |
| PHYTF Pyrophyte Acquisition Corp. Class A | Add +8.6% | 0.84% | +0.15 |
| JNPR Juniper Networks Inc. | New | 0.14% | +0.14 |
| DFS Discover Financial Services | New | 0.13% | +0.13 |
| APXIF Apx Acquisition Corp. I | Add +16.0% | 0.54% | +0.13 |
| IVCBF Invest Acquisition Corp. | Add +1.3% | 0.94% | +0.12 |
| CTLT Catalent Inc. | New | 0.12% | +0.12 |
| VZIO Vizio Holding Corp. Class A | New | 0.12% | +0.12 |
| ARYD Arya Sciences Acquisition-A | Add +92.8% | 0.20% | +0.11 |
| CCTSF Cactus Acquisition Corp. 1 LT | New | 0.11% | +0.11 |
| NS Nustar Energy LP | New | 0.10% | +0.10 |
| ALSAF Alpha Star Acquisition Corp. | Add +0.0% | 0.74% | +0.08 |
| BUJA Bukit Jalil Global Acquisiti | Add +6.9% | 0.48% | +0.08 |
| BWAQ Blue World Acquisition Corp. | Add +26.4% | 0.26% | +0.08 |
| BYNO Bynordic Acquisition Corp. | Add +492.7% | 0.09% | +0.08 |
| TLGYF TLGY Acquisition Corp. Class A | Add +22.0% | 0.27% | +0.07 |
| DSKE Daseke Inc. | New | 0.06% | +0.06 |
| TMTC TMT Acquisition Corp. Class A | New | 0.04% | +0.04 |
Notes & Other Activity Q4 2023 → Q1 2024
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | Sold out | 565,000 | $68Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 161 | $1.7B | TMHC, GTLS, NUVL, NSA, APGE |
| Q1 2026 | 180 | $1.9B | GTLS, HOLX, SEE, MASI, EA |
| Q4 2025 | 158 | $1.7B | CADE, CYBR, DAY, CMA, ALEX |
| Q3 2025 | 121 | $1.6B | WNS, VRNA, VBTX, COOP, CYBR |
| Q2 2025 | 121 | $1.5B | DNB, SWTX, SKX, K, ESGR |
| Q1 2025Amended | 90 | $1.4B | ITCI, K, BECN, PYCR, JWN |
| Q4 2024Amended | 91 | $1.3B | SMAR, ROIC, HTLF, K, BARNES GROUP INC |
| Q3 2024 | 114 | $1.5B | AGR, MRO, SQSP, SRCL, SMAR |
| Q2 2024 | 104 | $1.1B | WIRE, PWSC, HCP, EDR, ETRN |
| Q1 2024 | 115 | $1.2B | AEL, TCN, PXD, M D C HLDGS INC, SCRM |