First Trust Capital Management L.P.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, First Trust Capital Management L.P. maintained a portfolio of 196 distinct positions. The most significant new addition to the portfolio was CADENCE BANK, which now represents 5.48% of the total fund value. The fund also reduced its exposure to ELECTRONIC ARTS INC by 61.0%.
PCA Score Concentration Risk
Risk ENB
Total Positions
196
Quarter
2025 Q4
Top Holding
CADE (5.5%)
Top 10 Concentration
32.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 196
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
CADE
CADENCE BANK
Unknown 5.48% #1
Prev: #—
7.7 2,112,573 no change
NEW
2,112,573 $90,502,627 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CYBR
CYBERARK SOFTWA...
Technology 4.44% 3.74% #2 3
Prev: #5
5.8 44,574 37.1%
P
S
164,574 $73,409,878 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DAY
DAYFORCE INC
Unknown 4.01% #3
Prev: #—
6.1 958,960 no change
NEW
958,960 $66,321,674 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CMA
COMERICA INC
Unknown 3.98% #4
Prev: #—
5.6 756,333 no change
NEW
756,333 $65,748,028 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ALEX
ALEXANDER & BAL...
Real Estate 3.05% #5
Prev: #—
5.2 2,443,064 no change
NEW
2,443,064 $50,424,841 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CDTX
CIDARA THERAPEU...
Unknown 2.74% #6
Prev: #—
4.6 205,233 no change
NEW
205,233 $45,333,917 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HI
HILLENBRAND INC
Industrials 2.58% #7
Prev: #—
4.5 1,342,891 no change
NEW
1,342,891 $42,596,503 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SNV
SYNOVUS FINL CO...
Unknown 2.54% #8
Prev: #—
4.5 838,645 no change
NEW
838,645 $41,974,182 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CWAN
CLEARWATER ANAL...
Technology 2.16% #9
Prev: #—
4.4 1,479,650 no change
NEW
1,479,650 $35,689,158 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AAM
AA MISSION ACQU...
Unknown 1.93% 2.02% #10 2
Prev: #12
1.3 450 0.0%
P
S
2,984,992 $31,849,865 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ANSC
AGRICULTURE & N...
Financial Services 1.87% 2.19% #11 2
Prev: #9
1.2 -349,550 -11.2%
P
S
2,768,028 $30,974,233 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ALF
CENTURION ACQUI...
Financial Services 1.77% 1.87% #12 1
Prev: #13
1.7 no change no change
P
S
2,745,000 $29,234,250 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EXAS
EXACT SCIENCES ...
Healthcare 1.69% #13
Prev: #—
4.2 274,864 no change
NEW
274,864 $27,915,188 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SEE
SEALED AIR CORP...
Consumer Cyclical 1.59% #14
Prev: #—
4.1 632,818 no change
NEW
632,818 $26,217,650 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DMAA
DRUGS MADE IN A...
Financial Services 1.41% 1.49% #15
Prev: #15
1.6 no change no change
P
S
2,242,500 $23,264,144 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HOLX
HOLOGIC INC
Healthcare 1.40% #16
Prev: #—
4.1 309,557 no change
NEW
309,557 $23,058,901 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GRAF
GRAF GLOBAL COR...
Financial Services 1.39% 1.45% #17 1
Prev: #16
1.6 no change no change
P
S
2,139,248 $23,007,612 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CUB
LIONHEART HOLDI...
Financial Services 1.38% 1.45% #18 1
Prev: #17
1.6 no change no change
P
S
2,145,000 $22,801,565 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JAMF
JAMF HLDG CORP
Unknown 1.37% #19
Prev: #—
4.0 1,741,286 no change
NEW
1,741,286 $22,654,131 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GPAT
GP-ACT III ACQU...
Financial Services 1.35% 1.43% #20 2
Prev: #18
1.5 no change no change
P
S
2,091,077 $22,353,613 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FYBR
FRONTIER COMMUN...
Unknown 1.35% 0.06% #21 90
Prev: #111
3.5 560,121 2322.7%
P
S
584,236 $22,241,864 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LPAA
LAUNCH ONE ACQU...
Financial Services 1.33% 1.40% #22 3
Prev: #19
1.5 no change no change
P
S
2,070,000 $21,921,300 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VACH
VOYAGER ACQUISI...
Financial Services 1.31% 1.05% #23 9
Prev: #32
3.0 468,000 30.1%
P
S
2,020,947 $21,563,504 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
DRUGS MADE IN A...
Unknown 1.24% #24
Prev: #—
4.0 2,068,118 no change
NEW
2,068,118 $20,474,368 13F Filing 2025-12-31 2026-02-14 (Est.)
EA
ELECTRONIC ARTS...
Communication Services 1.21% 3.25% #25 19
Prev: #6
0.5 -152,438 -61.0%
P
S
97,562 $19,934,843 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SIMA
SIM ACQUISITION...
Financial Services 1.15% 1.22% #26 2
Prev: #24
1.5 no change no change
P
S
1,800,000 $19,062,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PLYM
PLYMOUTH INDL R...
Unknown 1.13% #27
Prev: #—
4.0 856,618 no change
NEW
856,618 $18,742,802 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HTBK
HERITAGE COMM C...
Financial Services 1.13% #28
Prev: #—
4.0 1,550,000 no change
NEW
1,550,000 $18,615,500 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
VENDOME ACQUISI...
Unknown 1.12% 1.18% #29 3
Prev: #26
1.4 no change no change
P
S
1,850,000 $18,555,500 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SIDDHI ACQUISIT...
Unknown 1.03% 1.09% #30 1
Prev: #29
0.9 250 0.0%
P
S
1,658,359 $17,047,931 13F Filing 2025-12-31 2026-02-14 (Est.)
HYAC
HAYMAKER ACQUIS...
Financial Services 1.00% 1.07% #31
Prev: #31
0.9 -1,300 -0.1%
P
S
1,455,666 $16,565,479 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PSBD
PALMER SQUARE C...
Financial Services 0.95% 1.02% #32 1
Prev: #33
0.9 -1 -0.0%
P
S
1,288,337 $15,704,828 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FOLD
AMICUS THERAPEU...
Healthcare 0.94% #33
Prev: #—
3.9 1,088,721 no change
NEW
1,088,721 $15,503,387 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MACI
MELAR ACQUISITI...
Financial Services 0.90% 0.95% #34 1
Prev: #35
1.4 no change no change
P
S
1,400,000 $14,882,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LEGT
LEGATO MERGER C...
Financial Services 0.87% 1.25% #35 12
Prev: #23
0.3 -475,879 -26.4%
P
S
1,325,312 $14,419,395 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CFLT
CONFLUENT INC
Technology 0.85% #36
Prev: #—
3.8 462,084 no change
NEW
462,084 $13,973,421 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FRGE
FORGE GLOBAL HO...
Financial Services 0.83% #37
Prev: #—
3.8 307,802 no change
NEW
307,802 $13,715,657 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CHYM
CHIME FINL INC
Technology 0.82% 0.85% #38
Prev: #38
0.8 -119,849 -18.2%
P
S
536,989 $13,516,013 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TVA
TEXAS VENTURES ...
Financial Services 0.82% 0.97% #39 5
Prev: #34
0.8 -134,124 -9.6%
P
S
1,264,881 $13,470,983 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RAC
RITHM ACQUISITI...
Financial Services 0.76% 0.79% #40 1
Prev: #39
0.8 450 0.0%
P
S
1,201,650 $12,485,144 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CANTOR EQUITY P...
Unknown 0.75% 0.07% #41 68
Prev: #109
3.3 1,113,649 1113.6%
P
S
1,213,649 $12,379,220 13F Filing 2025-12-31 2026-02-14 (Est.)
LOKV
LIVE OAK ACQUIS...
Financial Services 0.69% #42
Prev: #—
3.8 1,100,000 no change
NEW
1,100,000 $11,330,000 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ATXS
ASTRIA THERAPEU...
Unknown 0.66% #43
Prev: #—
3.8 831,357 no change
NEW
831,357 $10,882,463 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DENN
DENNYS CORP
Unknown 0.64% #44
Prev: #—
3.8 1,701,392 no change
NEW
1,701,392 $10,582,658 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SOUL
SOULPOWER ACQUI...
Financial Services 0.64% 0.51% #45 6
Prev: #51
2.8 250,000 31.7%
P
S
1,039,570 $10,551,636 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CANTOR EQUITY P...
Unknown 0.62% 0.66% #46 1
Prev: #45
1.2 no change no change
P
S
1,000,000 $10,280,000 13F Filing 2025-12-31 2026-02-14 (Est.)
MLAC
MOUNTAIN LAKE A...
Unknown 0.62% 0.67% #47 3
Prev: #44
0.7 -24,607 -2.4%
P
S
980,393 $10,196,087 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NHIC
NEWHOLD INVT CO...
Unknown 0.58% 0.61% #48 1
Prev: #47
1.2 no change no change
P
S
930,448 $9,644,094 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
GSR IV ACQUISIT...
Unknown 0.57% #49
Prev: #—
3.7 945,910 no change
NEW
945,910 $9,449,641 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
REAL ASSET ACQU...
Unknown 0.56% 0.59% #50 2
Prev: #48
1.2 no change no change
P
S
908,700 $9,286,914 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 196 holdings

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