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. Conversely, First Trust Capital Management L.P. completely exited their position in WNS HLDGS LTD.
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:
1-25 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: #—
4.2 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...
Unknown 4.44% 3.74% #2 3
Prev: #5
3.9 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: #—
3.6 958,960 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: #—
3.6 756,333 no change
NEW
756,333 $65,748,028 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ALEX
ALEXANDER & BAL...
Unknown 3.05% #5
Prev: #—
3.2 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: #—
3.1 205,233 no change
NEW
205,233 $45,333,917 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HI
HILLENBRAND INC
Unknown 2.58% #7
Prev: #—
3.0 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: #—
3.0 838,645 no change
NEW
838,645 $41,974,182 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CWAN
CLEARWATER ANAL...
Unknown 2.16% #9
Prev: #—
2.9 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
2.8 450 0.0%
P
S
2,984,992 $31,849,865 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ANSC
AGRICULTURE & N...
Unknown 1.87% 2.19% #11 2
Prev: #9
0.8 -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...
Unknown 1.77% 1.87% #12 1
Prev: #13
0.7 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 ...
Unknown 1.69% #13
Prev: #—
2.7 274,864 no change
NEW
274,864 $27,915,188 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SEE
SEALED AIR CORP...
Unknown 1.59% #14
Prev: #—
2.6 632,818 no change
NEW
632,818 $26,217,650 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DMAA
DRUGS MADE IN A...
Unknown 1.41% 1.49% #15
Prev: #15
0.6 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
Unknown 1.40% #16
Prev: #—
2.6 309,557 no change
NEW
309,557 $23,058,901 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GRAF
GRAF GLOBAL COR...
Unknown 1.39% 1.45% #17 1
Prev: #16
0.6 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...
Unknown 1.38% 1.45% #18 1
Prev: #17
0.6 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: #—
2.5 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...
Unknown 1.35% 1.43% #20 2
Prev: #18
0.5 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
2.8 560,121 2322.7%
P
S
584,236 $22,241,864 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LPAA
LAUNCH ONE ACQU...
Unknown 1.33% 1.40% #22 3
Prev: #19
0.5 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...
Unknown 1.31% 1.05% #23 9
Prev: #32
2.6 468,000 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: #—
2.5 2,068,118 no change
NEW
2,068,118 $20,474,368 13F Filing 2025-12-31 2026-02-14 (Est.)
EA
ELECTRONIC ARTS...
Unknown 1.21% 3.25% #25 19
Prev: #6
0.7 -152,438 -61.0%
P
S
97,562 $19,934,843 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WNS
WNS HLDGS LTD
Unknown 0.00% 6.69%
Sold All 😨
(Was: #1)
0.3 -1,361,187 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VRNA
VERONA PHARMA P...
Unknown 0.00% 6.26%
Sold All 😨
(Was: #2)
0.3 -909,123 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VBTX
VERITEX HLDGS I...
Unknown 0.00% 5.55%
Sold All 😨
(Was: #3)
0.3 -2,568,230 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COOP
MR COOPER GROUP...
Unknown 0.00% 4.70%
Sold All 😨
(Was: #4)
0.3 -345,573 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ARIS
ARIS WATER SOLU...
Unknown 0.00% 2.93%
Sold All 😨
(Was: #7)
0.3 -1,844,935 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
K
KELLANOVA
Unknown 0.00% 2.51%
Sold All 😨
(Was: #8)
0.3 -475,313 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TRML
TOURMALINE BIO ...
Unknown 0.00% 2.15%
Sold All 😨
(Was: #10)
0.3 -695,757 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AVDX
AVIDXCHANGE HOL...
Unknown 0.00% 2.15%
Sold All 😨
(Was: #11)
0.3 -3,343,918 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MRUS
MERUS N V
Unknown 0.00% 1.49%
Sold All 😨
(Was: #14)
0.3 -245,354 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IAS
INTEGRAL AD SCI...
Unknown 0.00% 1.37%
Sold All 😨
(Was: #21)
0.3 -2,088,796 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PRO
PROS HOLDINGS I...
Unknown 0.00% 1.32%
Sold All 😨
(Was: #22)
0.3 -892,412 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
DRUGS MADE IN A...
Unknown 0.00% 1.21%
Sold All 😨
(Was: #25)
0.3 -1,880,554 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
SPNS
SAPIENS INTL CO...
Unknown 0.00% 1.13%
Sold All 😨
(Was: #27)
0.3 -406,388 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PHLT
PERFORMANT HEAL...
Unknown 0.00% 1.13%
Sold All 😨
(Was: #28)
0.3 -2,259,250 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PBPB
POTBELLY CORP
Unknown 0.00% 0.94%
Sold All 😨
(Was: #36)
0.3 -857,701 -100.0%
CLOSED
$— 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NETD
NABORS ENERGY T...
Unknown 0.00% 0.94%
Sold All 😨
(Was: #37)
0.3 -1,295,706 -100.0%
CLOSED
$— 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ZIMV
ZIMVIE INC
Unknown 0.00% 0.78%
Sold All 😨
(Was: #40)
0.3 -636,209 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
GSR IV ACQUISIT...
Unknown 0.00% 0.62%
Sold All 😨
(Was: #46)
0.3 -945,923 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
BTC DEV CORP
Unknown 0.00% 0.49%
Sold All 😨
(Was: #55)
0.3 -750,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
COLUMBUS CIRCLE...
Unknown 0.00% 0.43%
Sold All 😨
(Was: #59)
0.3 -656,437 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
OAKU
OAK WOODS ACQUI...
Unknown 0.00% 0.41%
Sold All 😨
(Was: #61)
0.3 -526,103 -100.0%
CLOSED
$— 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MBAV
M3BRIGADE ACQUI...
Unknown 0.00% 0.38%
Sold All 😨
(Was: #64)
0.3 -553,918 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
FUTURECREST ACQ...
Unknown 0.00% 0.27%
Sold All 😨
(Was: #78)
0.3 -400,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
M3-BRIGADE ACQU...
Unknown 0.00% 0.26%
Sold All 😨
(Was: #80)
0.3 -400,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
HSPO
HORIZON SPACE A...
Unknown 0.00% 0.24%
Sold All 😨
(Was: #85)
0.3 -300,000 -100.0%
CLOSED
$— 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
HIGHVIEW MERGER...
Unknown 0.00% 0.16%
Sold All 😨
(Was: #91)
0.3 -250,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
EMCG
EMBRACE CHANGE ...
Unknown 0.00% 0.16%
Sold All 😨
(Was: #95)
0.3 -200,000 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CHURCHILL CAP C...
Unknown 0.00% 0.15%
Sold All 😨
(Was: #96)
0.3 -178,996 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
BLUE ACQUISITIO...
Unknown 0.00% 0.14%
Sold All 😨
(Was: #98)
0.3 -212,216 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
TRAILBLAZER ACQ...
Unknown 0.00% 0.13%
Sold All 😨
(Was: #100)
0.3 -200,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
BAYA
BAYVIEW ACQUISI...
Unknown 0.00% 0.10%
Sold All 😨
(Was: #104)
0.3 -128,340 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
INFA
INFORMATICA INC
Unknown 0.00% 0.08%
Sold All 😨
(Was: #106)
0.3 -48,544 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SRDX
SURMODICS INC
Unknown 0.00% 0.04%
Sold All 😨
(Was: #114)
0.3 -19,335 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VRNT
VERINT SYS INC
Unknown 0.00% 0.02%
Sold All 😨
(Was: #117)
0.3 -12,900 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 196 holdings

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