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

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.2B $1.2B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.6B Q3 2025 Q4 2025: $1.7B Q4 2025 Q1 2026: $1.9B Q1 2026 Q2 2026: $1.7B Q2 2026

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
BYNO Bynordic Acquisition Corp. 0.09% 95,514 $1.1M Add +492.7%
GLST Global Star Acquisition Class A 0.09% 96,796 $1.0M No change
CPRI Capri Holdings Ltd. 0.07% 19,197 $870K Reduce -17.2%
DSKE Daseke Inc. 0.06% 88,055 $731K New
SP SP Plus Corp. 0.06% 13,958 $729K Reduce -17.2%
MSSAF Metal SKY Star Acquisition C 0.06% 63,505 $704K Add +144.2%
TGAAF Target Global Acquisition -A 0.06% 58,418 $654K No change
TMTC TMT Acquisition Corp. Class A 0.04% 48,425 $518K New
EVBG Everbridge Inc. 0.04% 13,800 $481K New
FPE FT-Preferred Secur & Inc. ETF 0.03% 22,222 $385K No change
WES Western Midstream Partners L 0.02% 7,296 $259K Reduce -2.0%
PAA Plains All Amer Pipeline LP 0.02% 14,235 $250K Reduce -1.7%
MPLX MPLX LP 0.02% 5,885 $245K Reduce -2.3%
ET Energy Transfer LP 0.02% 15,483 $244K Reduce -32.2%
EPD Enterprise Products Partners 0.02% 7,510 $219K Reduce -1.9%

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 161$1.7BTMHC, GTLS, NUVL, NSA, APGE
Q1 2026 180$1.9BGTLS, HOLX, SEE, MASI, EA
Q4 2025 158$1.7BCADE, CYBR, DAY, CMA, ALEX
Q3 2025 121$1.6BWNS, VRNA, VBTX, COOP, CYBR
Q2 2025 121$1.5BDNB, SWTX, SKX, K, ESGR
Q1 2025Amended 90$1.4BITCI, K, BECN, PYCR, JWN
Q4 2024Amended 91$1.3BSMAR, ROIC, HTLF, K, BARNES GROUP INC
Q3 2024 114$1.5BAGR, MRO, SQSP, SRCL, SMAR
Q2 2024 104$1.1BWIRE, PWSC, HCP, EDR, ETRN
Q1 2024 115$1.2BAEL, TCN, PXD, M D C HLDGS INC, SCRM