13F HOLDINGS REPORT

First Trust Capital Management L.P.

Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001604488-26-000005

Total Value

$1.65B

Positions

174

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (174)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	CADENCE BANK	12740C103	2,087,842	$89.4M	5.41%
2	CYBERARK SOFTWARE LTD	M2682V108	164,574	$73.4M	4.44%
3	COMERICA INC	200340107	756,333	$65.7M	3.98%
4	DAYFORCE INC	15677J108	943,238	$65.2M	3.95%
5	ALEXANDER & BALDWIN INC NEW	014491104	2,373,606	$49.0M	2.97%
6	CIDARA THERAPEUTICS INC	171757206	205,233	$45.3M	2.74%
7	SYNOVUS FINL CORP	87161C501	838,645	$42.0M	2.54%
8	HILLENBRAND INC	431571108	1,297,400	$41.2M	2.49%
9	CLEARWATER ANALYTICS HLDGS I	CWAN	1,479,650	$35.7M	2.16%
10	AA MISSION ACQUISITION CORP	YCY-WT	2,984,992	$31.8M	1.93%
11	AGRICULTURE & NAT SOL ACQ CO	G0131Y100	2,768,028	$31.0M	1.87%
12	CENTURION ACQUISITION CORP	ALFUW	2,745,000	$29.2M	1.77%
13	EXACT SCIENCES CORP	30063P105	264,138	$26.8M	1.62%
14	SEALED AIR CORP NEW	SE	632,818	$26.2M	1.59%
15	DRUGS MADE IN AMER ACQUTN CO	G2847J104	2,242,500	$23.3M	1.41%
16	GRAF GLOBAL CORP	GRAF-WT	2,139,248	$23.0M	1.39%
17	LIONHEART HOLDINGS	CUBWW	2,145,000	$22.8M	1.38%
18	GP-ACT III ACQUISITION CORP	GPATW	2,091,077	$22.4M	1.35%
19	LAUNCH ONE ACQUISITION CORP	LPAAW	2,070,000	$21.9M	1.33%
20	HOLOGIC INC	HOLX	292,609	$21.8M	1.32%
21	VOYAGER ACQUISITION CORP	G93A7H104	2,020,947	$21.6M	1.31%
22	FRONTIER COMMUNICATIONS PARE	35909D109	558,659	$21.3M	1.29%
23	JAMF HLDG CORP	47074L105	1,629,736	$21.2M	1.28%
24	DRUGS MADE IN AMER ACQ II CO	G2851K104	2,068,118	$20.5M	1.24%
25	SIM ACQUISITION CORP. I	SIMAW	1,800,000	$19.1M	1.15%
26	HERITAGE COMM CORP	HTBK	1,550,000	$18.6M	1.13%
27	VENDOME ACQUISITION CORP I	VNMEW	1,850,000	$18.6M	1.12%
28	ELECTRONIC ARTS INC	EA	89,507	$18.3M	1.11%
29	PLYMOUTH INDL REIT INC	729640102	794,479	$17.4M	1.05%
30	SIDDHI ACQUISITION CORP	SDHIU	1,658,359	$17.0M	1.03%
31	HAYMAKER ACQUISITION CORP IV	G4375F108	1,455,666	$16.6M	1.00%
32	PALMER SQUARE CAPITAL BDC IN	PSBD	1,288,337	$15.7M	0.95%
33	AMICUS THERAPEUTICS INC	FOLD	1,088,721	$15.5M	0.94%
34	MELAR ACQUISITION CORP. I	MACIW	1,400,000	$14.9M	0.90%
35	LEGATO MERGER CORP III	LEGT-WT	1,325,312	$14.4M	0.87%
36	FORGE GLOBAL HOLDINGS INC	34629L202	307,802	$13.7M	0.83%
37	CHIME FINL INC	16935C109	536,989	$13.5M	0.82%
38	TEXAS VENTURES ACQUISITION I	G8772L105	1,264,881	$13.5M	0.82%
39	CONFLUENT INC	20717M103	413,965	$12.5M	0.76%
40	RITHM ACQUISITION CORP	RAC-WT	1,201,650	$12.5M	0.76%
41	CANTOR EQUITY PARTNERS III I	G1828A108	1,213,649	$12.4M	0.75%
42	LIVE OAK ACQUISITION CORP V	LOKVW	1,100,000	$11.3M	0.69%
43	DENNYS CORP	24869P104	1,701,392	$10.6M	0.64%
44	SOULPOWER ACQUISITION CORP	SOUL-UN	1,039,570	$10.6M	0.64%
45	CANTOR EQUITY PARTNERS IV IN	G1828E100	1,000,000	$10.3M	0.62%
46	MOUNTAIN LAKE ACQUISITION CO	MLACU	980,393	$10.2M	0.62%
47	ASTRIA THERAPEUTICS INC	04635X102	747,501	$9.8M	0.59%
48	NEWHOLD INVT CORP III	G6486E102	930,448	$9.6M	0.58%
49	GSR IV ACQUISITION CORP	GSRFU	945,910	$9.4M	0.57%
50	REAL ASSET ACQUISITION CORP	RAAQW	908,700	$9.3M	0.56%
51	DIGITAL ASSET ACQUISITION CO	DAAQW	884,398	$9.0M	0.54%
52	CHARLTON ARIA ACQUISITION CO	CHARU	828,750	$8.7M	0.52%
53	APEX TREAS CORP	APXTW	850,000	$8.4M	0.51%
54	BERTO ACQUISITION CORP	TACOW	774,998	$7.9M	0.48%
55	RANGE CAP ACQUISITION CORP	G7375C108	750,000	$7.8M	0.47%
56	VINE HILL CAP INVT CORP.	G93Y09107	725,310	$7.8M	0.47%
57	AIMEI HEALTH TECHNOLOGY CO L	AFJKU	680,000	$7.7M	0.47%
58	TITAN ACQUISITION CORP	TACHW	750,000	$7.7M	0.47%
59	BTC DEV CORP	BDCIW	750,000	$7.5M	0.45%
60	MESHFLOW ACQUISITION CORP	MESHW	750,000	$7.5M	0.45%
61	BLUE FOUNDRY BANCORP	BLFY	602,268	$7.5M	0.45%
62	SEMRUSH HLDGS INC	SEMR	625,206	$7.4M	0.45%
63	DUNE ACQUISITION CORP II	IPODW	699,992	$7.2M	0.43%
64	TRANSLATIONAL DEV ACQUISITIO	G9008W105	649,998	$6.8M	0.41%
65	PLUM ACQUISITION CORP IV	PLMKW	650,000	$6.8M	0.41%
66	SC II ACQUISITION CORP	SCIIU	675,000	$6.8M	0.41%
67	AXIOM INTELLIGENCE AC CORP 1	G0750N104	650,000	$6.5M	0.40%
68	VIKING ACQUISITION CORP I	VACI-WT	649,998	$6.4M	0.39%
69	EQV VENTURES AC CORP. II	G3106Q102	627,045	$6.3M	0.38%
70	ANDRETTI ACQUISITION CORP II	POLEW	590,809	$6.2M	0.38%
71	CANTOR EQUITY PARTNERS V INC	CEPV	605,189	$6.2M	0.38%
72	INFLECTION POINT ACQUISITION	G1169T104	573,278	$6.1M	0.37%
73	CRANE HBR ACQUISITION CORP I	CR	600,000	$6.0M	0.37%
74	IRON HORSE ACQUISIT CORP II	46283H202	600,000	$6.0M	0.36%
75	WEN ACQUISITION CORP	WENNW	589,658	$6.0M	0.36%
76	INSIGHT DIGITAL PARTNERS II	DYORW	600,000	$5.9M	0.36%
77	JACKSON ACQUISITION CO II	JACS-UN	567,500	$5.9M	0.36%
78	GORES HLDGS X INC	G4002F109	543,596	$5.6M	0.34%
79	RF ACQUISITION CORP II	RFAIU	514,506	$5.5M	0.33%
80	CHAMPIONSGATE ACQUISITION CO	CHPGU	514,174	$5.2M	0.32%
81	TAVIA ACQUISITION CORP	TAVIU	500,000	$5.2M	0.32%
82	INFLECTION PT ACQUISITION CO	G47875102	500,000	$5.1M	0.31%
83	PIONEER ACQUISITION I CORP	PACHW	500,000	$5.0M	0.30%
84	HALL CHADWICK ACQUISITION CO	HCACR	500,000	$5.0M	0.30%
85	GESHER ACQUISITION CORP. II	GSHRW	482,440	$5.0M	0.30%
86	DYNAMIX CORP III	DNMXW	500,000	$4.9M	0.30%
87	INVEST GREEN ACQUISITION COR	IGACU	500,000	$4.9M	0.30%
88	ROMAN DBDR ACQUISITION CORP	DRDBW	464,955	$4.8M	0.29%
89	GLOBA TERRA ACQUISITION COR	GTERW	473,583	$4.8M	0.29%
90	SILVERBOX CORP IV	SBXD-WT	445,168	$4.7M	0.29%
91	ARMADA ACQUISITION CORP II	XRPNW	458,864	$4.7M	0.28%
92	FIFTH ERA ACQUISITION CORP I	FERAU	450,000	$4.6M	0.28%
93	PROCAP ACQUISITION CORP	PCAPW	451,695	$4.6M	0.28%
94	EVOLUTION GLOBAL ACQUISITION	EVOXW	460,000	$4.5M	0.27%
95	CANTOR EQUITY PARTNERS I INC	CEPO	409,698	$4.3M	0.26%
96	SIZZLE ACQUISITION CORP. II	SZZLU	405,813	$4.1M	0.25%
97	CAL REDWOOD ACQUISITION CORP	CRAQU	400,000	$4.1M	0.25%
98	FUTURECREST ACQUISITION CORP	FCRS-WT	400,000	$4.0M	0.24%
99	VINE HILL CAP INVTS CORP II	G9709D125	400,000	$4.0M	0.24%
100	M3-BRIGADE ACQUISITION VI CO	MBVIW	399,999	$4.0M	0.24%
101	CSLM DIGITA ASSET ACQ CORP I	CMXHF	400,000	$4.0M	0.24%
102	TGE VALUE CREATIVE SOLUTIONS	BEBE-WT	400,000	$4.0M	0.24%
103	TAILWIND 2.0 ACQUISITION COR	TDWDU	400,000	$3.9M	0.24%
104	ARTIUS II ACQUISITION INC	AACBU	380,000	$3.9M	0.24%
105	AMERICAN DRIVE ACQUISITION C	ADACW	386,399	$3.9M	0.23%
106	REPUBLIC DIGITAL ACQUISITION	RDAGW	359,998	$3.6M	0.22%
107	RENATUS TACTICAL ACQUIS	RTACW	333,400	$3.6M	0.22%
108	SPRING VY ACQUISITION CORP I	G8377R101	343,194	$3.5M	0.21%
109	SILICON VY ACQUISITION CORP	G81306105	350,000	$3.5M	0.21%
110	BLUEROCK ACQUISITION CORP	BLRKW	333,042	$3.3M	0.20%
111	GIGCAPITAL7 CORP	GIGGW	314,885	$3.3M	0.20%
112	1RT ACQUISITION CORP.	ONCHW	299,996	$3.1M	0.19%
113	SAFEGUARD ACQUISITION CORP	SAC-WT	300,000	$3.0M	0.18%
114	ITHAX ACQUISITION CORP III	ITHAW	300,000	$3.0M	0.18%
115	LAFAYETTE ACQUISITION CORP	LAFAU	300,000	$3.0M	0.18%
116	AVIDITY BIOSCIENCES INC	05370A108	40,000	$2.9M	0.17%
117	YORKVILLE ACQUISITION CORP.	MCGAW	262,030	$2.7M	0.16%
118	BLUE WTR ACQUISITION CORP. I	G1368E106	249,998	$2.6M	0.16%
119	FIGX CAP ACQUISITION CORP.	G3473K100	250,000	$2.5M	0.15%
120	PYROPHYTE ACQUISITION CORP.	PAII-WT	250,000	$2.5M	0.15%
121	HIGHVIEW MERGER CORP	HVMCW	250,000	$2.5M	0.15%
122	AA MISSION ACQUISITION CORP	YCY-WT	250,000	$2.5M	0.15%
123	JENA ACQUISITION CORP II	JENA-UN	221,610	$2.3M	0.14%
124	COHEN CIRCLE ACQUISIT CORP I	COHN	200,000	$2.0M	0.12%
125	ALUSSA ENERGY ACQUISITION CO	ALUB-WT	200,000	$2.0M	0.12%
126	SILVERBOX CORP V	SBXE-WT	200,000	$2.0M	0.12%
127	TRAILBLAZER ACQUISITION CORP	BLZRW	199,998	$2.0M	0.12%
128	ACTIVATE ENERGY ACQUISITION	AEAQW	200,000	$2.0M	0.12%
129	CANTOR EQUITY PARTNERS II IN	G1827P106	174,395	$2.0M	0.12%
130	CRANE HBR ACQUISITION CORP	CR	171,993	$1.9M	0.11%
131	DAEDALUS SPL ACQUISITION COR	G2616C124	175,000	$1.8M	0.11%
132	ELECTRONIC ARTS INC	EA	8,055	$1.6M	0.10%
133	OYSTER ENTERPRISES II ACQUIS	OYSEU	150,000	$1.5M	0.09%
134	ASPEN INSURANCE HOLDINGS LTD	AHL-PF	39,334	$1.5M	0.09%
135	CONFLUENT INC	20717M103	48,119	$1.5M	0.09%
136	JAMF HLDG CORP	47074L105	111,550	$1.5M	0.09%
137	HILLENBRAND INC	431571108	45,491	$1.4M	0.09%
138	BRIGHTHOUSE FINL INC	10922N103	22,138	$1.4M	0.09%
139	ALEXANDER & BALDWIN INC NEW	014491104	69,458	$1.4M	0.09%
140	DYNAMIX CORP	ETHMW	135,602	$1.4M	0.08%
141	PLYMOUTH INDL REIT INC	729640102	62,139	$1.4M	0.08%
142	CSG SYS INTL INC	126349109	17,569	$1.3M	0.08%
143	HOLOGIC INC	HOLX	16,948	$1.3M	0.08%
144	KEEN VISION ACQUISITION CORP	KVACW	105,511	$1.2M	0.08%
145	TWO HBRS INVT CORP	90187B804	105,638	$1.1M	0.07%
146	ASTRIA THERAPEUTICS INC	04635X102	83,856	$1.1M	0.07%
147	AIR LEASE CORP	AIIR	17,040	$1.1M	0.07%
148	EXACT SCIENCES CORP	30063P105	10,726	$1.1M	0.07%
149	DAYFORCE INC	15677J108	15,722	$1.1M	0.07%
150	CADENCE BANK	12740C103	24,731	$1.1M	0.06%
151	K&F GROWTH ACQUISITION CORP	KFIIU	102,342	$1.1M	0.06%
152	BLUEPORT ACQUISITION LTD	BPACU	100,000	$1.0M	0.06%
153	SOLARIUS CAPITAL ACQU CORP	SOCAW	100,000	$1.0M	0.06%
154	LEAPFROG ACQUISITION CORP	LFACW	100,000	$1.0M	0.06%
155	MIDWESTONE FINL GROUP INC NE	598511103	25,886	$996,611	0.06%
156	FRONTIER COMMUNICATIONS PARE	35909D109	25,577	$973,716	0.06%
157	OTG ACQUISITION CORP. I	OTGAW	80,778	$807,780	0.05%
158	CAYSON ACQUISITION CORP	CAPNU	75,000	$798,000	0.05%
159	GUESS INC	401617105	43,193	$723,483	0.04%
160	NEWBURY STR II ACQUISITION C	G6439S109	67,600	$705,068	0.04%
161	AMERICAN EXCEPTIONALISM ACQU	AEXA	50,000	$569,500	0.03%
162	PROASSURANCE CORP	PRA	22,577	$545,460	0.03%
163	A PARADISE ACQUISITION CORP	G04819101	50,000	$502,500	0.03%
164	NEW AMER ACQUISITION I CORP	023634207	35,000	$364,350	0.02%
165	DRUGS MADE IN AMER ACQ II CO	G2851K112	2,068,118	$289,537	0.02%
166	WESTERN MIDSTREAM PARTNERS L	WES	5,238	$206,901	0.01%
167	PLAINS ALL AMERN PIPELINE L	726503105	11,514	$206,791	0.01%
168	ENERGY TRANSFER L P	ET-PI	12,346	$203,586	0.01%
169	ENTERPRISE PRODS PARTNERS L	293792107	6,337	$203,164	0.01%
170	SUNOCO LP/SUNOCO FIN CORP	SUN	3,858	$202,198	0.01%
171	MPLX LP	MPLXP	3,754	$200,351	0.01%
172	INVEST GREEN ACQUISITION COR	IGACU	500,000	$95,000	0.01%
173	TAILWIND 2.0 ACQUISITION COR	TDWDU	400,000	$65,600	0.00%
174	LAFAYETTE ACQUISITION CORP	LAFAU	300,000	$40,530	0.00%