First Trust Capital Management L.P.

Registered adviser

CIK

1604488

Location

Chicago, IL

Portfolio Value

Mid $1,707,156,045

Diversification

Diversified

Filing Date

Global Rank

#1,782 / 8,818 ▼ 298

Top Industry

Shell Companies 34.1%

Period ended 4 months ago

Filed Aug 13, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 317825

Roster of Oct 1, 2026

Regulatory AUM

$12,657,989,489

Main clients

Registered funds and BDCs (61% of AUM)

Private funds

15 funds · Private equity funds

Focus by gross assets, Schedule D of Nov 12, 2024

$4,892,619,260 gross assets

Registered funds advised

23 series (0 index, 0 ETFs)

$4,675,057,590 net assets· N-CEN Mar 31, 2026

LEI

254900F17D83LYP3CD32

Private funds on Schedule D 7.B.(1)

As filed Nov 12, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$1,842,997,853 gross assets in 12 funds Private equity funds $1,043,615,248 (3) Hedge funds $482,653,082 (5) Real estate funds $236,814,761 (1) Other private funds $79,914,762 (3)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Sep 2026 to Oct 2026	$12,657,989,489	Registered funds and BDCs (61%)
Apr 2026 to Aug 2026	$12,281,321,797	Registered funds and BDCs (63%)
Apr 2025 to Mar 2026	$8,204,849,779	Registered funds and BDCs (63%)
Dec 2024 to Mar 2025	$6,362,876,820	Registered funds and BDCs (64%)
Apr 2024 to Nov 2024	$6,362,876,820	Registered funds and BDCs (64%)
May 2023 to Mar 2024	$5,221,381,701	Registered funds and BDCs (64%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 56.5%, 22.5 effective positions, active share 98.7% against the S&P MidCap 400 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

97.1% over the last four quarters (30% to under 100%)

Horizon

Short horizon

Value-weighted holding period 2.4 quarters (under 4)

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 98.7%; sector active share 55.5% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

159 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

12.6%

+5.8 pts

Top 5

39.5%

+13.7 pts

Top 10

56.5%

+14.8 pts

HHI

444

Diversified+207

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	43.6%	$744,111,046	134
Consumer Cyclical	14.0%	$239,106,830	3
Healthcare	13.7%	$234,177,189	5
Industrials	12.9%	$220,017,857	2
Real Estate	11.4%	$195,223,462	4
Communication Services	2.9%	$49,223,337	1
Technology	0.6%	$10,997,534	1
Unclassified	0.6%	$10,978,244	2
Consumer Defensive	0.1%	$1,897,049	1
Energy	0.1%	$1,423,497	6

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
DBRHP	DigitalBridge Group, Inc.	+1,253,471	1,342,435	$20,015,705
—		+350,929	849,272	$64,901,366
—		+254,613	2,068,813	$92,000,114
—		+234,558	866,371	$181,019,557
WES	Western Midstream Partners, LP	+380	5,622	$246,018
MPLX	Mplx LP	+131	3,885	$218,842
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
DMAA	Drugs Made In America Acquisition Corp.	−1,456,041	786,459	$8,375,788
CUB	Lionheart Holdings	−1,295,000	850,000	$9,154,500
MACI	Melar Acquisition Corp. I	−1,159,999	240,001	$2,611,210
—		−607,905	696,721	$7,956,553
TONT	Graf Global Corp.	−325,728	676,713	$7,342,336
—		−165,927	240,067	$49,223,337
BCAR	D. Boral ARC Acquisition I Corp.	−115,130	358,733	$3,741,585
IPXG	Inflection Point Acquisition Corp. VII	−105,509	494,491	$5,014,138
AXIN	Axiom Intelligence Acquisition Corp 1	−100,254	447,158	$4,623,613
CEPO	Cantor Equity Partners I, Inc.	−80,792	328,906	$2,904,239
FCRS	FutureCrest Acquisition Corp.	−75,290	276,066	$2,843,479
CLBR	Colombier Acquisition Corp. III	−50,000	350,000	$3,587,500
—		−15,274	915,174	$9,966,244
PAA	Plains All American Pipeline LP	−592	10,922	$243,123
SUN	Sunoco LP	−206	3,652	$246,510
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
—		3,002,025	$215,365,274
—		836,918	$103,359,373
—		625,182	$82,980,406
—		2,456,414	$74,576,729
—		1,195,379	$62,099,939
—		110,000	$38,998,300
—		1,184,190	$29,462,647
—		1,085,310	$20,577,478
—		416,209	$13,081,449
CZR	Caesars Entertainment, Inc.	400,300	$12,081,054
—		1,241,800	$11,660,502
—		42,764	$8,069,141
KEYY	Keystone Acquisition Corp.	749,998	$7,394,980
CAII	Collective Acquisition Corp. II	700,000	$6,930,000
APMC	AmperCap Acquisition Co	630,601	$6,236,643
YICCU	Yorkville International Capital Corp.	600,000	$6,024,000
FMAC	Future Money Acquisition Corp	600,000	$5,988,000
MLAA	Mountain Lake Acquisition Corp. II	600,000	$5,958,000
—		1,707,309	$5,309,730
OGN	Organon & Co.	390,939	$5,293,314
HACQ	HCM IV Acquisition Corp.	500,000	$5,015,000
IACO	Idea Acquisition Corp.	499,998	$4,954,980
AACP	Apogee Acquisition Corp	475,000	$4,726,250
RREV	RRE Ventures Acquisition Corp.	450,000	$4,441,500
IPFX	Inflection Point Acquisition Corp. VI	419,171	$4,334,228
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		1,327,989	$100,382,689
—		2,336,019	$98,229,599
—		479,403	$85,271,412
—		1,599,172	$74,729,308
—		975,799	$63,368,387
—		2,154,188	$50,946,547
—		904,161	$47,667,368
—		2,480,213	$46,801,619
—		1,842,189	$44,212,536
—		1,496,007	$32,074,390
ALF	Centurion Acquisition Corp.	2,745,000	$29,536,200
—		238,235	$27,354,143
TWOD	Two Harbors Investment Corp.	1,082,650	$26,838,893
—		2,334,369	$25,257,873
GPAT	GP-Act III Acquisition Corp.	2,091,077	$22,667,274
—		1,399,192	$20,232,317
—		1,621,114	$20,231,503
—		1,323,462	$14,544,847
—		350,800	$14,112,684
SIMA	SIM Acquisition Corp. I	1,294,000	$13,871,680
—		1,004,006	$13,293,039
—		1,208,752	$12,462,233
TMS	Teamshares Inc	1,100,000	$11,440,000
—		980,393	$10,323,636
—		272,561	$9,577,794
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

159 tracked positions · $1,707,156,045 total · filing declares 161 positions · $1,717,263,478 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 159 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
		NEW	3,002,025	NEW	$215,365,274	NEW	1	unpriced	12.62%
		Added	866,371	+234,558	$181,019,557	+38.6%	2	unpriced	10.60%
		NEW	836,918	NEW	$103,359,373	NEW	1	unpriced	6.05%
		Added	2,068,813	+254,613	$92,000,114	+34.4%	2	unpriced	5.39%
		NEW	625,182	NEW	$82,980,406	NEW	1	$90.09	4.86%
		NEW	2,456,414	NEW	$74,576,729	NEW	1	unpriced	4.37%
		Added	849,272	+350,929	$64,901,366	+87.6%	2	$70.23	3.80%
		NEW	1,195,379	NEW	$62,099,939	NEW	1	unpriced	3.64%
		Reduced	240,067	-165,927	$49,223,337	−40.5%	4	$193.13	2.88%
		NEW	110,000	NEW	$38,998,300	NEW	1	unpriced	2.28%
		NEW	1,184,190	NEW	$29,462,647	NEW	1	$23.56	1.73%
LPAA	Launch One Acquisition Corp. Financial Services	Held	2,070,000	0	$22,438,800	+1.2%	8	unpriced	1.31%
AFJK	Aimei Health Technology Co., Ltd. Financial Services	Held	680,000	0	$20,604,000	+23.7%	10	$10.18	1.21%
		NEW	1,085,310	NEW	$20,577,478	NEW	1	unpriced	1.21%
DBRHP	DigitalBridge Group, Inc. Financial Services	Added	1,342,435	+1,253,471	$20,015,705	+1287.1%	2	$16.05	1.17%
SDHI	Siddhi Acquisition Corp (Cayman Islands) Financial Services	Held	1,303,359	0	$13,581,000	+0.8%	5	unpriced	0.80%
PSBD	Palmer Square Capital BDC Inc. Financial Services	Held	1,288,337	0	$13,424,471	+6.7%	10	$16.24	0.79%
		NEW	416,209	NEW	$13,081,449	NEW	1	unpriced	0.77%
CZR	Caesars Entertainment, Inc. Consumer Cyclical	NEW	400,300	NEW	$12,081,054	NEW	1	$28.19	0.71%
		NEW	1,241,800	NEW	$11,660,502	NEW	1	$8.11	0.68%
VNME	Vendome Acquisition Corp I Financial Services	Held	1,092,788	0	$11,135,509	+1.1%	4	$9.92	0.65%
CHYM	Chime Financial, Inc. Technology	Held	536,989	0	$10,997,534	+9.3%	5	unpriced	0.64%
SOUL	Soulpower Acquisition Corp. Financial Services	Held	1,039,570	0	$10,759,549	+1.0%	5	unpriced	0.63%
DMII	Drugs Made In America Acquisition II Corp. Financial Services	Held	1,067,798	0	$10,742,047	+0.9%	3	$9.89	0.63%
CEPF	Cantor Equity Partners IV, Inc. Financial Services	Held	1,000,000	0	$10,400,000	+2.1%	4	$10.15	0.61%
		Reduced	915,174	-15,274	$9,966,244	+3.3%	5	$10.06	0.58%
CUB	Lionheart Holdings Financial Services	Reduced	850,000	-1,295,000	$9,154,500	−60.3%	8	$10.01	0.54%
DAAQ	Digital Asset Acquisition Corp. Financial Services	Held	876,498	0	$9,098,049	+1.4%	5	$10.57	0.53%
CHAR	Charlton Aria Acquisition Corp Financial Services	Held	828,750	0	$8,950,500	+2.1%	7	$9.95	0.52%
DMAA	Drugs Made In America Acquisition Corp. Financial Services	Reduced	786,459	-1,456,041	$8,375,788	−64.4%	6	$10.01	0.49%
		NEW	42,764	NEW	$8,069,141	NEW	1	$180.75	0.47%
		Reduced	696,721	-607,905	$7,956,553	−46.0%	9	$10.31	0.47%
MESH	Meshflow Acquisition Corp Financial Services	Held	750,000	0	$7,507,500	+1.2%	2	$9.90	0.44%
BDCI	BTC Development Corp. Financial Services	Held	738,849	0	$7,440,209	+0.8%	3	$10.10	0.44%
KEYY	Keystone Acquisition Corp. Financial Services	NEW	749,998	NEW	$7,394,980	NEW	1	unpriced	0.43%
TONT	Graf Global Corp. Financial Services	Reduced	676,713	-325,728	$7,342,336	−31.6%	8	$10.00	0.43%
CCAQ	Collective Acquisition Corp. Financial Services	Held	699,992	0	$7,300,916	+1.0%	5	unpriced	0.43%
CAII	Collective Acquisition Corp. II Financial Services	NEW	700,000	NEW	$6,930,000	NEW	1	unpriced	0.41%
SCII	SC II Acquisition Corp. Financial Services	Held	675,000	0	$6,770,250	+0.6%	2	$9.98	0.40%
APXT	Apex Treasury Corp Financial Services	Held	654,958	0	$6,582,327	+1.1%	3	$9.89	0.39%
EVAC	EQV Ventures Acquisition Corp. II Financial Services	Held	627,045	0	$6,383,318	+0.9%	4	$9.94	0.37%
POLE	Andretti Acquisition Corp. II Financial Services	Held	590,809	0	$6,351,196	+1.0%	7	$9.97	0.37%
CEPV	Cantor Equity Partners V, Inc. Financial Services	Held	605,189	0	$6,241,314	+2.1%	3	$10.25	0.37%
APMC	AmperCap Acquisition Co Financial Services	NEW	630,601	NEW	$6,236,643	NEW	1	unpriced	0.37%
CRAN	Crane Harbor Acquisition Corp. II Financial Services	Held	600,000	0	$6,078,000	+2.2%	2	$9.95	0.36%
YICCU	Yorkville International Capital Corp. Financial Services	NEW	600,000	NEW	$6,024,000	NEW	1	unpriced	0.35%
IRHO	Iron Horse Acquisition II Corp. Financial Services	Held	600,000	0	$6,018,000	+1.7%	2	$9.87	0.35%
FMAC	Future Money Acquisition Corp Financial Services	NEW	600,000	NEW	$5,988,000	NEW	1	$9.97	0.35%
JACS	Jackson Acquisition Co II Financial Services	Held	562,500	0	$5,985,000	+0.5%	6	$10.08	0.35%
MLAA	Mountain Lake Acquisition Corp. II Financial Services	NEW	600,000	NEW	$5,958,000	NEW	1	$9.97	0.35%

Showing the top 50 of 159 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.