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

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.5B $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 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
MSSAF Metal SKY Star Acquisition C 0.05% 63,505 $727K No change
MGRC McGrath Rentcorp 0.05% 6,556 $690K New
SRDX Surmodics Inc. 0.05% 17,577 $682K New
QETA Quetta Acquisition Corp. 0.04% 60,000 $624K New
PWSC Powerschool Holdings Inc. Class A 0.04% 26,317 $600K Reduce -98.7%
IBTX Independent Bank Group Inc. 0.04% 9,738 $561K New
CPRI Capri Holdings Ltd. 0.04% 12,945 $549K Reduce -13.6%
FPE FT-Preferred Secur & Inc. ETF 0.03% 22,222 $402K No change
WES Western Midstream Partners L 0.02% 7,296 $279K New
CFFS CF Acquisition Corp. Vii Class A 0.02% 24,640 $274K Reduce -92.5%
MPLX MPLX LP 0.02% 5,885 $262K New
ET Energy Transfer LP 0.02% 15,483 $249K Reduce -45.1%
PAA Plains All Amer Pipeline LP 0.02% 14,235 $247K Reduce -44.5%
EPD Enterprise Products Partners 0.01% 7,510 $219K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $60K (not counted above)
SecurityClassShares / PrincipalValueChange
FSHPR Flag Ship Acquisition Corp. RIGHT 03/31/2026 506,475$60KNew

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

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