First Trust Capital Management L.P.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), First Trust Capital Management L.P. reported 114 stock positions worth $1.5 billion. Its top holding was Avangrid (AGR) at 6.7% of the portfolio, followed by Marathon Oil (MRO, 5.8%) and Squarespace Class A (SQSP, 4.9%). Compared with Q2 2024, it opened 43 new positions, sold out of 33, added to 30 and reduced 15. The biggest buy was a new position in Squarespace Class A (SQSP) and the biggest sale an exit from Encore Wire (WIRE).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001604488
- Portfolio Value
- $1.5B (Q3 2024)
- SEC Filing
- 0001604488-24-000223 ↗ filed Nov 14, 2024
Holdings Value
Holdings 114 stocks · $1.5B
| AGR Avangrid Inc. | 6.71% | 2,808,119 | $100.5M | Add +345.0% |
| MRO Marathon Oil Corp. | 5.80% | 3,265,391 | $87.0M | Add +437.6% |
| SQSP Squarespace Inc. Class A | 4.91% | 1,583,510 | $73.5M | New |
| SRCL Stericycle Inc. | 4.90% | 1,202,653 | $73.4M | Add +843.5% |
| SMAR Smartsheet Inc. Class A | 4.54% | 1,227,931 | $68.0M | New |
| HCP Hashicorp Inc. Class A | 3.57% | 1,581,198 | $53.5M | Add +20.3% |
| K Kellanova | 3.27% | 607,875 | $49.1M | New |
| ARES ACQUISITION CORP II | 3.17% | 4,380,955 | $47.4M | Add +131.2% |
| NVEI Nuvei Corp.-Subordinate VTG | 2.55% | 1,145,635 | $38.2M | Add +6.4% |
| RCM R1 RCM Inc. | 2.41% | 2,544,946 | $36.1M | New |
| ENV Envestnet Inc. | 2.38% | 569,834 | $35.7M | New |
| ANSC Agriculture & Natural Soluti | 2.15% | 3,117,578 | $32.3M | Add +946.5% |
| PRFT Perficient Inc. | 2.11% | 417,909 | $31.5M | Add +7.9% |
| AAM Aa Mission Acquisition Cor-A | 1.97% | 2,944,542 | $29.5M | New |
| PETQ Petiq Inc. | 1.95% | 951,232 | $29.3M | New |
| NETD Nabors Energy Transition C-A | 1.95% | 2,745,000 | $29.3M | Add +66.5% |
| PSBD Palmer Square Capital BDC Inc. | 1.76% | 1,619,857 | $26.4M | Add +77.6% |
| GPAT GP-Act III Acquisition-A | 1.74% | 2,587,500 | $26.1M | New |
| ALF Centurion Acquisition Corp. | 1.73% | 2,587,500 | $25.9M | New |
| SVIIF Spring Valley Acquisition-A | 1.51% | 2,017,489 | $22.7M | No change |
| RENEF Cartesian Growth Corp. II- A | 1.50% | 1,955,099 | $22.4M | Add +23.9% |
| HAYMAKER ACQUISITION CORP 4 | 1.44% | 2,028,934 | $21.6M | Add +95.4% |
| CHUY Chuy's Holdings Inc. | 1.44% | 578,079 | $21.6M | New |
| TONT Graf Global Corp. Class A | 1.39% | 2,073,916 | $20.8M | New |
| HONDU HCM II Acquisition Corp. | 1.38% | 2,070,000 | $20.7M | New |
| CUB Lionheart Holdings Class A | 1.38% | 2,070,000 | $20.7M | Add +590.0% |
| LPAA Launch One Acquisition Corp. | 1.38% | 2,070,000 | $20.7M | New |
| LEGT Legato Merger Corp. III | 1.23% | 1,810,467 | $18.5M | Add +613.7% |
| VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP | 1.22% | 1,824,508 | $18.2M | New |
| SIMA Sim Acquisition Corp. I-A | 1.20% | 1,800,000 | $18.0M | New |
| MACI Melar Acquisition Corp. I-A | 1.05% | 1,578,951 | $15.8M | Add +80.7% |
| USAR USA Rare Earth Inc. filed as INFLECTION PT ACQUISITN CRP | 1.04% | 1,455,719 | $15.6M | Add +21.0% |
| KVACF Keen Vision Acquisition Corp. | 1.03% | 1,441,000 | $15.5M | No change |
| MCAA Mountain & Co. I Acquisition | 0.97% | 1,246,929 | $14.6M | Add +75.7% |
| VACH Voyager Acquisition Corp. | 0.76% | 1,145,490 | $11.4M | New |
| PLAOF Patria Latin American Opport | 0.75% | 969,800 | $11.3M | No change |
| VCICU Vine Hill Cap Invest-Unit | 0.74% | 1,114,937 | $11.1M | New |
| ISRLF Israel Acquisitions Corp. Class A | 0.71% | 950,101 | $10.6M | No change |
| RFAI RF Acquisition Corp. II | 0.70% | 1,029,114 | $10.5M | New |
| ALCYF Alchemy Investments Acquisit | 0.61% | 841,317 | $9.1M | Add +86.8% |
| BURTECH ACQUISITION CORP | 0.58% | 766,505 | $8.6M | Add +44.6% |
| SPKLF Spark I Acquisition Corp. | 0.54% | 773,208 | $8.1M | Add +165.6% |
| CHEB Chenghe Acquisition II Co. | 0.52% | 774,998 | $7.8M | Add +55.0% |
| CEP Cantor Equity Partners Inc. | 0.51% | 760,400 | $7.6M | New |
| BSIIU Black Spade Acquisition II C | 0.49% | 743,350 | $7.4M | New |
| ZLSSF Zalatoris II Acquisition Cor | 0.48% | 648,082 | $7.2M | New |
| AFJK Aimei Health Technology Co. | 0.48% | 680,000 | $7.1M | No change |
| BKHA Black Hawk Acquisition Cor-A | 0.46% | 670,000 | $6.9M | No change |
| BOWN Bowen Acquisition Corp. | 0.45% | 621,000 | $6.7M | No change |
| APXIF Apx Acquisition Corp. I | 0.43% | 554,066 | $6.5M | No change |
| DYCQ DT Cloud Acquisition Corp. | 0.43% | 621,000 | $6.4M | No change |
| OAKU Oak Woods Acquisition Corp. Class A | 0.42% | 570,368 | $6.3M | No change |
| SKGR SK Growth Opportunities Co. Class A | 0.42% | 557,148 | $6.3M | New |
| ALPHAVEST ACQUISITION CORP | 0.41% | 556,839 | $6.2M | No change |
| FSHP Flag Ship Acquisition Corp. | 0.41% | 612,750 | $6.1M | New |
| IVCBF Invest Acquisition Corp. | 0.40% | 506,244 | $6.0M | Add +0.0% |
| HSPOF Horizon Space Acquisition I | 0.39% | 526,871 | $5.9M | No change |
| BAYA Bayview Acquisition Corp. Class A | 0.39% | 565,000 | $5.9M | No change |
| JVSA Jvspac Acquisition Corp. Class A | 0.39% | 567,500 | $5.9M | Add +9.7% |
| GLACF Global Lights Acquisition Co. | 0.38% | 550,000 | $5.8M | No change |
| ITI Iteris Inc. | 0.38% | 798,477 | $5.7M | New |
| COLOMBIER ACQUISITION CORP | 0.38% | 554,997 | $5.7M | No change |
| AITR AI Transportation Acquisitio | 0.38% | 540,000 | $5.7M | No change |
| LCW Learn CW Investment Corp. Class A | 0.37% | 506,301 | $5.6M | Reduce -39.8% |
| WELNF Integrated Wellness Acq - A | 0.34% | 430,000 | $5.1M | No change |
| EGRVF Evergreen Corporation Class A | 0.33% | 419,756 | $4.9M | No change |
| ALPHATIME ACQUISITION CORP | 0.32% | 426,530 | $4.8M | No change |
| MITA Coliseum Acquisition Corp. Class A | 0.32% | 424,001 | $4.7M | No change |
| EURK Eureka Acquisition Corp. | 0.31% | 457,915 | $4.6M | New |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 0.31% | 462,629 | $4.6M | New |
| LATG Chenghe Acquisition I Co. | 0.28% | 367,260 | $4.3M | No change |
| BOCN Blue Ocean Acquisition Cor-A | 0.26% | 344,149 | $3.9M | No change |
| TLGYF TLGY Acquisition Corp. Class A | 0.26% | 334,549 | $3.9M | Add +10.5% |
| SWN Southwestern Energy Co. | 0.25% | 517,200 | $3.7M | New |
| BFACF Battery Future Acquisition-A | 0.24% | 331,481 | $3.7M | No change |
| INST Instructure Holdings Inc. | 0.23% | 146,260 | $3.4M | New |
| GAQ Generation Asia I Acquisit-A | 0.20% | 270,884 | $3.0M | New |
| ESHA Esh Acquisition Corp. Class A | 0.20% | 283,000 | $3.0M | New |
| CRTAF Cartica Acquisition Corp. Class A | 0.19% | 243,397 | $2.8M | No change |
| RCFAF Perception Capital Corp. IV | 0.16% | 206,306 | $2.4M | New |
| EMCGF Embrace Change Acquisition C | 0.15% | 200,000 | $2.3M | Reduce -56.7% |
| POLEU Andretti Acquisition Corp. II | 0.14% | 208,581 | $2.1M | New |
| AMED Amedisys Inc. | 0.14% | 21,269 | $2.1M | Reduce -10.4% |
| TMTC TMT Acquisition Corp. Class A | 0.13% | 177,678 | $2.0M | Add +17.9% |
| HTLF Heartland Financial USA Inc. | 0.13% | 33,817 | $1.9M | Add +26.6% |
| TWKS Thoughtworks Holding Inc. | 0.12% | 423,419 | $1.9M | New |
| IVCP Swiftmerge Acquisition Cor-A | 0.11% | 150,356 | $1.7M | Add +3.7% |
| EDR Endeavor Group Hold Class A | 0.10% | 50,246 | $1.4M | Reduce -96.8% |
| ACI Albertsons Cos Inc. Class A | 0.09% | 76,604 | $1.4M | Reduce -13.9% |
| AXONICS INC | 0.08% | 18,258 | $1.3M | Reduce -13.9% |
| CCIX Churchill Capital Corp. Ix | 0.08% | 123,762 | $1.2M | New |
| CSLMF CSLM Acquisition Corp. | 0.08% | 100,100 | $1.1M | New |
| JNPR Juniper Networks Inc. | 0.08% | 29,031 | $1.1M | Reduce -13.9% |
| DFS Discover Financial Services | 0.07% | 7,762 | $1.1M | Add +2896.9% |
| ANSS Ansys Inc. | 0.07% | 3,302 | $1.1M | Add +2901.8% |
| CTLT Catalent Inc. | 0.07% | 16,388 | $993K | Reduce -13.9% |
| VZIO Vizio Holding Corp. Class A | 0.06% | 83,592 | $934K | Reduce -13.9% |
| HES Hess Corp. | 0.06% | 6,454 | $876K | Add +2888.0% |
| CHX Championx Corp. | 0.05% | 25,165 | $759K | Reduce -14.3% |
| CAPNU Cayson Acquisition Corp. | 0.05% | 75,000 | $752K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $60K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | 506,475 | $60K | New |
Total filed on the 13F, all lines: $1.5B.
Portfolio Sells Q2 2024 → Q3 2024
| WIRE Encore Wire Corp. | Sold out | 0.00% | −12.96 |
| PWSC Powerschool Holdings Inc. Class A | Reduce -98.7% | 0.04% | −4.09 |
| EDR Endeavor Group Hold Class A | Reduce -96.8% | 0.10% | −3.74 |
| ETRN Equitrans Midstream Corp. | Sold out | 0.00% | −3.58 |
| AMK Assetmark Financial Holdings | Sold out | 0.00% | −2.69 |
| RRACF Rigel Resource Acquisit Class A | Sold out | 0.00% | −2.59 |
| CVII Churchill Capital Corp. Vii-A | Sold out | 0.00% | −2.58 |
| SLCA US Silica Holdings Inc. | Sold out | 0.00% | −2.41 |
| WRK Westrock Co. | Sold out | 0.00% | −1.92 |
| HIBB Hibbett Inc. | Sold out | 0.00% | −1.64 |
| SILK Silk Road Medical Inc. | Sold out | 0.00% | −1.59 |
| IVCAF Libity | Sold out | 0.00% | −1.51 |
| OVERSEAS SHIPHOLDING GROUP-A | Sold out | 0.00% | −1.19 |
| APCA Ap Acquisition Corp. Class A | Sold out | 0.00% | −1.17 |
| PEGR Project Energy Reimagined Ac | Sold out | 0.00% | −1.07 |
| CERE Cerevel Therapeutics Holding | Sold out | 0.00% | −0.94 |
| PHYTF Pyrophyte Acquisition Corp. Class A | Sold out | 0.00% | −0.93 |
| ALSAF Alpha Star Acquisition Corp. | Sold out | 0.00% | −0.81 |
| CURR Currenc Group Inc. | Sold out | 0.00% | −0.74 |
| WKME Walkme Ltd. | Sold out | 0.00% | −0.70 |
| EVE Eve Mobility Acquisition C-A | Sold out | 0.00% | −0.61 |
| CDAQF Compass Digital Acquisition | Sold out | 0.00% | −0.57 |
| BUJA Bukit Jalil Global Acquisiti | Sold out | 0.00% | −0.52 |
| LCW Learn CW Investment Corp. Class A | Reduce -39.8% | 0.37% | −0.46 |
| KCGI Kensington Capital Acq-A | Sold out | 0.00% | −0.45 |
| FNVTF Finnovate Acquisition Corp. Class A | Sold out | 0.00% | −0.43 |
| NNAG 99 Acquisition Group in Class A | Sold out | 0.00% | −0.38 |
| SLAMF Slam Corp. Class A | Sold out | 0.00% | −0.37 |
| IXAQF Ix Acquisition Corp. Class A | Sold out | 0.00% | −0.35 |
| EMCGF Embrace Change Acquisition C | Reduce -56.7% | 0.15% | −0.32 |
| CFFS CF Acquisition Corp. Vii Class A | Reduce -92.5% | 0.02% | −0.31 |
| BWAQ Blue World Acquisition Corp. | Sold out | 0.00% | −0.28 |
| SEDA SDCL Edge Acquisition Corp. Class A | Sold out | 0.00% | −0.21 |
| CCTSF Cactus Acquisition Corp. 1 LT | Sold out | 0.00% | −0.12 |
| X United States Steel Corp. | Sold out | 0.00% | −0.12 |
| BYNO Bynordic Acquisition Corp. | Sold out | 0.00% | −0.10 |
| ACI Albertsons Cos Inc. Class A | Reduce -13.9% | 0.09% | −0.07 |
| AMED Amedisys Inc. | Reduce -10.4% | 0.14% | −0.06 |
| TGAAF Target Global Acquisition -A | Sold out | 0.00% | −0.06 |
| AXONICS INC | Reduce -13.9% | 0.08% | −0.05 |
| CHX Championx Corp. | Reduce -14.3% | 0.05% | −0.04 |
| JNPR Juniper Networks Inc. | Reduce -13.9% | 0.08% | −0.04 |
| VZIO Vizio Holding Corp. Class A | Reduce -13.9% | 0.06% | −0.03 |
| CTLT Catalent Inc. | Reduce -13.9% | 0.07% | −0.03 |
| PAA Plains All Amer Pipeline LP | Reduce -44.5% | 0.02% | −0.02 |
| ET Energy Transfer LP | Reduce -45.1% | 0.02% | −0.02 |
| CPRI Capri Holdings Ltd. | Reduce -13.6% | 0.04% | −0.01 |
| NWLI National Western Life Grou-A | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| SQSP Squarespace Inc. Class A | New | 4.91% | +4.91 |
| AGR Avangrid Inc. | Add +345.0% | 6.71% | +4.66 |
| SMAR Smartsheet Inc. Class A | New | 4.54% | +4.54 |
| SRCL Stericycle Inc. | Add +843.5% | 4.90% | +4.22 |
| MRO Marathon Oil Corp. | Add +437.6% | 5.80% | +4.22 |
| K Kellanova | New | 3.27% | +3.27 |
| RCM R1 RCM Inc. | New | 2.41% | +2.41 |
| ENV Envestnet Inc. | New | 2.38% | +2.38 |
| AAM Aa Mission Acquisition Cor-A | New | 1.97% | +1.97 |
| PETQ Petiq Inc. | New | 1.95% | +1.95 |
| ANSC Agriculture & Natural Soluti | Add +946.5% | 2.15% | +1.88 |
| GPAT GP-Act III Acquisition-A | New | 1.74% | +1.74 |
| ALF Centurion Acquisition Corp. | New | 1.73% | +1.73 |
| CHUY Chuy's Holdings Inc. | New | 1.44% | +1.44 |
| TONT Graf Global Corp. Class A | New | 1.39% | +1.39 |
| HONDU HCM II Acquisition Corp. | New | 1.38% | +1.38 |
| LPAA Launch One Acquisition Corp. | New | 1.38% | +1.38 |
| ARES ACQUISITION CORP II | Add +131.2% | 3.17% | +1.32 |
| VLOS Velos Acquisition I Corp. | New | 1.22% | +1.22 |
| SIMA Sim Acquisition Corp. I-A | New | 1.20% | +1.20 |
| CUB Lionheart Holdings Class A | Add +590.0% | 1.38% | +1.11 |
| LEGT Legato Merger Corp. III | Add +613.7% | 1.23% | +1.00 |
| VACH Voyager Acquisition Corp. | New | 0.76% | +0.76 |
| VCICU Vine Hill Cap Invest-Unit | New | 0.74% | +0.74 |
| RFAI RF Acquisition Corp. II | New | 0.70% | +0.70 |
| CEP Cantor Equity Partners Inc. | New | 0.51% | +0.51 |
| BSIIU Black Spade Acquisition II C | New | 0.49% | +0.49 |
| ZLSSF Zalatoris II Acquisition Cor | New | 0.48% | +0.48 |
| HAYMAKER ACQUISITION CORP 4 | Add +95.4% | 1.44% | +0.45 |
| SKGR SK Growth Opportunities Co. Class A | New | 0.42% | +0.42 |
| PSBD Palmer Square Capital BDC Inc. | Add +77.6% | 1.76% | +0.42 |
| FSHP Flag Ship Acquisition Corp. | New | 0.41% | +0.41 |
| ITI Iteris Inc. | New | 0.38% | +0.38 |
| NETD Nabors Energy Transition C-A | Add +66.5% | 1.95% | +0.37 |
| EURK Eureka Acquisition Corp. | New | 0.31% | +0.31 |
| HDRN Hadron Energy Inc. | New | 0.31% | +0.31 |
| SPKLF Spark I Acquisition Corp. | Add +165.6% | 0.54% | +0.27 |
| MACI Melar Acquisition Corp. I-A | Add +80.7% | 1.05% | +0.26 |
| SWN Southwestern Energy Co. | New | 0.25% | +0.25 |
| INST Instructure Holdings Inc. | New | 0.23% | +0.23 |
| MCAA Mountain & Co. I Acquisition | Add +75.7% | 0.97% | +0.22 |
| GAQ Generation Asia I Acquisit-A | New | 0.20% | +0.20 |
| ESHA Esh Acquisition Corp. Class A | New | 0.20% | +0.20 |
| ALCYF Alchemy Investments Acquisit | Add +86.8% | 0.61% | +0.17 |
| RCFAF Perception Capital Corp. IV | New | 0.16% | +0.16 |
| POLEU Andretti Acquisition Corp. II | New | 0.14% | +0.14 |
| TWKS Thoughtworks Holding Inc. | New | 0.12% | +0.12 |
| CCIX Churchill Capital Corp. Ix | New | 0.08% | +0.08 |
| CSLMF CSLM Acquisition Corp. | New | 0.08% | +0.08 |
| DFS Discover Financial Services | Add +2896.9% | 0.07% | +0.07 |
Notes & Other Activity Q2 2024 → Q3 2024
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | New | 506,475 | $60K |
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 |