First Trust Capital Management L.P.

CIK 0001604488 · Q1 2026

13F Equity AUM

$1.9B

+15.2% QoQ

Positions

181

+19 QoQ

AUM Rank

#1,842

Top 15%

Skill Alpha (FF)

+0.6%/yr^ns

No Clear Edge

Rank #1,848 · Top 23%

vs S&P -9.5%/yr (unadj.)

Quarters Tracked

~10 years

Portfolio Concentration

Top 5: 26.1%Top 10: 42.2%Top 20: 58.4%

GTLS6.9%

HOLX5.3%

SEE5.2%

3M44.5%

EA4.3%

TPH3.9%

NSA3.6%

AL3.3%

CWAN2.7%

TERN2.5%

Others (171)57.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services26.6%

Healthcare17.6%

Unclassified17.3%

Industrials10.6%

Consumer Cyclical9.1%

Real Estate8.2%

Technology5.6%

Communication Services4.4%

Other0.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 181Median: 0.23%Avg: 0.55%

0–0.5%

138(25.7%)

0.5–1%

20(12.7%)

1–3%

15(24.7%)

3–5%

5(19.7%)

5%+

3(17.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 85Unique: 96vs 20 funds

1.1%Low

181

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

JPMORGAN CHASE & CO

1.7%

BANK OF AMERICA CORP /DE/

0.9%

MORGAN STANLEY

0.8%

BlackRock, Inc.

GEODE CAPITAL MANAGEMENT, LLC

STATE STREET CORP

VANGUARD PORTFOLIO MANAGEMENT LLC

1.2%

VANGUARD CAPITAL MANAGEMENT LLC

FMR LLC

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New73Increased14Decreased38Exited53

New Positions

GTLS6.9%

+632K

3M44.5%

+479K

TPH3.9%

+1.6M

NSA3.6%

+1.8M

TERN2.5%

+904K

VRE2.5%

+2.5M

OS2.3%

+1.8M

WBS1.8%

+498K

DAWN1.7%

+1.5M

ACLX1.4%

+238K

Increased

SEE5.2%

+1.7M(+269%)

HOLX5.3%

+1.0M(+329%)

TWO0.7%

+977K(+925%)

AL3.3%

+959K(+5627%)

CWAN2.7%

+675K(+46%)

BLFY0.7%

+402K(+67%)

AM61.1%

+310K(+29%)

EA4.3%

+308K(+316%)

HTBK1.1%

+71K(+5%)

MCGAW0.2%

+50K(+19%)

Decreased

ANSC0.8%

-1,463,402(-53%)

VOYAGER ACQUISITION …0.3%

-1,461,030(-72%)

HAYMAKER ACQUISITION…0.1%

-1,211,780(-83%)

GRAF-WT0.6%

-1,136,807(-53%)

DMII0.6%

-1,000,320(-48%)

RAC-WT0.2%

-849,650(-71%)

VNMEW0.6%

-757,212(-41%)

TVA0.3%

-619,928(-49%)

GSRFU0.2%

-592,845(-63%)

SIMAW0.7%

-506,000(-28%)

Exited

-2,112,573

-164,574

-958,960

-756,333

-2,443,064

-205,233

-1,342,891

-838,645

-2,984,992

-274,864

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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