First Trust Capital Management L.P.

CIK

1604488

Location

Chicago, IL

Portfolio Value

Small $628,285,596

Diversification

Diversified

Filing Date

Global Rank

#2,293 / 7,976 ▼ 61

Top Industry

Shell Companies 85.8%

3Y Alpha vs SPY

-14.8%

Period ended 9 months ago

Filed Nov 17, 2025 · 7mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+19.0%

SPY

+76.3%

Annualised alpha

-14.8%

Max drawdown

−6.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

73 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

8.0%

+3.2 pts

Top 5

23.5%

+2.6 pts

Top 10

39.5%

+0.7 pts

HHI

271

Diversified+11

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Financial Services	85.7%	$538,581,471	64
Communication Services	8.0%	$50,425,000	1
Unclassified	3.2%	$19,823,460	2
Technology	2.1%	$13,248,422	1
Industrials	0.9%	$5,361,130	1
Energy	0.1%	$846,113	4

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
CHYM	Chime Financial, Inc.	+240	656,838	$13,248,422
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
PSBD	Palmer Square Capital BDC Inc.	−712,223	1,288,338	$15,807,907
MBAV	M3-Brigade Acquisition V Corp.	−617,853	553,918	$5,843,834
HYAC	Haymaker Acquisition Corp. 4	−598,887	1,456,966	$16,521,994
DYNC	Dynamix Corp	−574,396	185,602	$1,932,116
TVA	Texas Ventures Acquisition III Corp	−307,077	1,399,005	$14,983,343
RAC	Rithm Acquisition Corp.	−300,000	1,201,200	$12,312,300
VCIC	Vine Hill Capital Investment Corp.	−234,684	1,565,314	$16,764,512
RTAC	Renatus Tactical Acquisition Corp I	−114,419	346,662	$3,782,082
HDRN	Hadron Energy, Inc.	−102,500	508,164	$5,361,130
GTEN	Gores Holdings X, Inc. / CI	−1,500	543,596	$5,550,115
No positions match the current search.

New Positions

Positions the filer opened this quarter

15 positions

Ticker	Company	Shares	Value
EA	Electronic Arts Inc.	250,000	$50,425,000
VNME	Vendome Acquisition Corp I	1,850,000	$18,370,500
AXIN	Axiom Intelligence Acquisition Corp 1	650,000	$6,474,000
EVAC	EQV Ventures Acquisition Corp. II	627,045	$6,239,097
KOYN	CSLM Digital Asset Acquisition Corp III, Ltd	400,000	$3,970,000
SVAC	Spring Valley Acquisition Corp. III	343,194	$3,466,259
ONCH	1RT Acquisition Corp.	299,996	$3,134,958
MCGA	Yorkville Acquisition Corp.	262,030	$2,793,239
FIGX	FIGX Capital Acquisition Corp.	250,000	$2,497,500
JENA	JENA ACQUISITION Corp II	221,610	$2,249,341
BACC	Blue Acquisition Corp/Cayman	212,216	$2,121,098
CCII	Cohen Circle Acquisition Corp. II	200,000	$2,030,000
OYSE	Oyster Enterprises II Acquisition Corp	150,000	$1,503,300
SOCA	Solarius Capital Acquisition Corp.	100,000	$996,000
AEXA	American Exceptionalism Acquisition Corp. A	50,000	$546,500
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
SPKL	Spark I Acquisition Corp	850,439	$9,269,785
BKHA	Black Hawk Acquisition Corp	670,000	$7,115,400
IPCX	Inflection Point Acquisition Corp. III	659,095	$6,716,178
FSHP	Flag Ship Acquisition Corp	612,750	$6,390,982
LOKV	Live Oak Acquisition Corp. V	53,711	$574,707
MPLX	Mplx LP	4,262	$219,535
SUN	Sunoco LP	3,926	$210,394
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

73 positions · $628,285,596 total · as of Sep 30, 2025

All sectors Communication Services Energy Financial Services Industrials Technology

Showing 1–50 of 73 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
EA	Electronic Arts Inc. Communication Services	NEW	250,000	NEW	$50,425,000	NEW	8.03%
ALF	Centurion Acquisition Corp. Financial Services	Held	2,745,000	0	$28,959,750	+0.3%	4.61%
DMAA	Drugs Made In America Acquisition Corp. Financial Services	Held	2,242,500	0	$23,030,475	+0.7%	3.67%
GRAF	Graf Global Corp. Financial Services	Held	2,139,248	0	$22,547,673	+0.8%	3.59%
CUB	Lionheart Holdings Financial Services	Held	2,145,000	0	$22,543,950	+0.1%	3.59%
GPAT	GP-Act III Acquisition Corp. Financial Services	Held	2,091,077	0	$22,165,416	+0.5%	3.53%
LPAA	Launch One Acquisition Corp. Financial Services	Held	2,070,000	0	$21,735,000	+0.8%	3.46%
LEGT	Legato Merger Corp. III Financial Services	Held	1,801,191	0	$19,344,791	+0.6%	3.08%
SIMA	SIM Acquisition Corp. I Financial Services	Held	1,800,000	0	$18,972,000	+1.1%	3.02%
VNME	Vendome Acquisition Corp I Financial Services	NEW	1,850,000	NEW	$18,370,500	NEW	2.92%
SDHI	Siddhi Acquisition Corp (Cayman Islands) Financial Services	Held	1,658,109	0	$16,829,806	+0.4%	2.68%
VCIC	Vine Hill Capital Investment Corp. Financial Services	Reduced	1,565,314	-234,684	$16,764,512	−10.4%	2.67%
HYAC	Haymaker Acquisition Corp. 4 Financial Services	Reduced	1,456,966	-598,887	$16,521,994	−27.6%	2.63%
VACH	Voyager Acquisition Corp./Cayman Islands Financial Services	Held	1,552,947	0	$16,299,731	+1.0%	2.59%
PSBD	Palmer Square Capital BDC Inc. Financial Services	Reduced	1,288,338	-712,223	$15,807,907	−43.4%	2.52%
TVA	Texas Ventures Acquisition III Corp Financial Services	Reduced	1,399,005	-307,077	$14,983,343	−13.0%	2.38%
MACI	Melar Acquisition Corp. I/Cayman Financial Services	Held	1,400,000	0	$14,700,000	−0.1%	2.34%
CHYM	Chime Financial, Inc. Technology	Added	656,838	+240	$13,248,422	−41.5%	2.11%
RAC	Rithm Acquisition Corp. Financial Services	Reduced	1,201,200	-300,000	$12,312,300	−19.5%	1.96%
POLE	Andretti Acquisition Corp. II Financial Services	Held	1,130,809	0	$11,828,262	+0.8%	1.88%
RFAI	RF Acquisition Corp II Financial Services	Held	1,029,114	0	$11,052,684	+2.0%	1.76%
TACO	Berto Acquisition Corp. Financial Services	Held	999,998	0	$10,399,979	−0.2%	1.66%
MLAC	Mountain Lake Acquisition Corp.	Held	1,005,000	0	$10,351,500	+0.4%	1.65%
NHIC	NewHold Investment Corp. III	Held	930,448	0	$9,471,960	+0.1%	1.51%
RAAQ	Real Asset Acquisition Corp. Financial Services	Held	908,700	0	$9,205,131	−0.2%	1.47%
CHAR	Charlton Aria Acquisition Corp Financial Services	Held	828,750	0	$8,585,850	+0.8%	1.37%
SOUL	Soulpower Acquisition Corp. Financial Services	Held	789,570	0	$7,967,550	+0.5%	1.27%
RANG	Range Capital Acquisition Corp. Financial Services	Held	750,000	0	$7,717,500	+0.9%	1.23%
AFJK	Aimei Health Technology Co., Ltd. Financial Services	Held	680,000	0	$7,697,600	+1.5%	1.23%
TACH	Titan Acquisition Corp. Financial Services	Held	750,000	0	$7,590,000	+0.4%	1.21%
CCAQ	Collective Acquisition Corp. Financial Services	Held	699,992	0	$7,076,919	+0.6%	1.13%
TDAC	Translational Development Acquisition Corp. Financial Services	Held	649,998	0	$6,727,479	+0.8%	1.07%
PLMK	Plum Acquisition Corp, IV Financial Services	Held	650,000	0	$6,708,000	+0.4%	1.07%
AXIN	Axiom Intelligence Acquisition Corp 1 Financial Services	NEW	650,000	NEW	$6,474,000	NEW	1.03%
EVAC	EQV Ventures Acquisition Corp. II Financial Services	NEW	627,045	NEW	$6,239,097	NEW	0.99%
JACS	Jackson Acquisition Co II Financial Services	Held	567,500	0	$5,890,650	+0.8%	0.94%
MBAV	M3-Brigade Acquisition V Corp. Financial Services	Reduced	553,918	-617,853	$5,843,834	−55.8%	0.93%
GTEN	Gores Holdings X, Inc. / CI Financial Services	Reduced	543,596	-1,500	$5,550,115	−0.7%	0.88%
HDRN	Hadron Energy, Inc. Industrials	Reduced	508,164	-102,500	$5,361,130	−15.4%	0.85%
XRPN	Armada Acquisition Corp. II Financial Services	Held	500,000	0	$5,217,000	+3.8%	0.83%
TAVI	Tavia Acquisition Corp. Financial Services	Held	500,000	0	$5,170,000	+0.9%	0.82%
CHPG	ChampionsGate Acquisition Corp Financial Services	Held	496,935	0	$5,004,135	+0.7%	0.80%
GSHR	Gesher Acquisition Corp. II Financial Services	Held	482,440	0	$4,896,766	0.0%	0.78%
DRDB	Roman DBDR Acquisition Corp. II Financial Services	Held	464,955	0	$4,797,870	+0.1%	0.76%
FERA	Fifth Era Acquisition Corp I Financial Services	Held	450,000	0	$4,576,500	+0.2%	0.73%
SZZL	Sizzle Acquisition Corp. II Financial Services	Held	405,813	0	$4,090,595	+0.3%	0.65%
CRAQ	Cal Redwood Acquisition Corp. Financial Services	Held	400,000	0	$4,000,400	+0.3%	0.64%
KOYN	CSLM Digital Asset Acquisition Corp III, Ltd Financial Services	NEW	400,000	NEW	$3,970,000	NEW	0.63%
AACB	Artius II Acquisition Inc. Financial Services	Held	380,000	0	$3,868,400	+0.6%	0.62%
RTAC	Renatus Tactical Acquisition Corp I Financial Services	Reduced	346,662	-114,419	$3,782,082	−30.5%	0.60%