First Trust Capital Management L.P. is an SEC-registered investment adviser based in Chicago, IL that reports managing 5 hedge funds on Form ADV. It reports $12.7 billion in regulatory assets under management. Its private funds, of all types, hold $4.9 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated -4.5% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated -22.7% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $12.7 billionForm ADV Item 5.F
- Gross assets of private funds
- $4.9 billionAll private fund types, Form ADV
- Hedge funds managed
- 515 private funds in total
- Employees
- 62Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 317825
- Latest Form ADV
- 08/19/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | -2.9% | +14.8% |
| Q1 2026 | -1.6% | -4.6% |
| Q4 2025 | +2.4% | +2.4% |
| Q3 2025 | -3.6% | +7.8% |
| Q2 2025 | -7.8% | +10.4% |
| Q1 2025 | -2.8% | -4.5% |
| Q4 2024 | -8.5% | +2.1% |
| Q3 2024 | +0.0% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Taylor Morrison Home Corporation$215.4 million
- Chart Inds Inc Com Pa$181.0 million
- Nuvalent Inc$103.4 million
- National Storage Affiliates$92.0 million
- Apogee Therapeutics Inc$83.0 million
- Sila Realty Trust Inc$74.6 million
- Webster Finl Corp$64.9 million
- Janus Henderson Group PLC$62.1 million
- Electronic Arts Inc Com$49.2 million
- Topbuild Corp Com$46.9 million
As of 2026-06-30, from 13F filing by First Trust Capital Management L.P..
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures