First Trust Capital Management portfolio

What changed this quarter

66 positions with a change (17 new, 6 added to, 16 trimmed, 27 sold); also, 5 entered through an IPO, 29 exited through an acquisition or merger, 13 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Taylor Morrison Home+11.3 ppof portfolioNew
  — → 12.5%
• Nuvalent+5.4 ppof portfolioNew
  — → 6.0%
• Apogee Therapeutics+4.4 ppof portfolioNew
  — → 4.8%
• Sila Realty Trust+3.9 ppof portfolioNew
  — → 4.3%
• Janus Henderson Group+3.3 ppof portfolioNew
  — → 3.6%
• Chart Industries+37%more sharesIncreased
  6.9% → 10.5%
• TopBuild+2.5 ppof portfolioNew
  — → 2.7%
• Electronic Arts−41%fewer sharesReduced
  4.3% → 2.9%
• Centurion Acquisition−1.6 ppof portfolioSold out
  1.6% → —
• Avanos Medical+1.5 ppof portfolioNew
  — → 1.7%
• Webster Financial+70%more sharesIncreased
  1.8% → 3.8%
• GP-Act III Acquisition−1.2 ppof portfolioSold out
  1.2% → —

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Taylor Morrison HomeTMHC12.5%
• Chart Industries10.5%
• Nuvalent6.0%
• National Storage Affiliates TrustNSA5.4%
• Apogee Therapeutics4.8%
• Sila Realty Trust4.3%
• Webster FinancialWBS3.8%
• Janus Henderson GroupJHG3.6%
• Electronic ArtsEA2.9%
• TopBuildBLD2.7%
• Avanos MedicalAVNS1.7%
• Launch One AcquisitionLPAA1.3%
• DigitalBridge GroupDBRG1.2%
• Whitestone REIT1.2%
• Siddhi AcquisitionSDHI0.8%
• Palmer Square Capital BDCPSBD0.8%
• Catalyst Pharmaceuticals0.8%
• Ares Acquisition Corp IIIAAC/U(unit)0.7%
• Caesars EntertainmentCZR0.7%
• Global Business Travel GroupGBTG0.7%
• Vendome Acquisition Corporation IVNME0.6%
• Chime FinancialCHYM0.6%
• Soulpower AcquisitionSOUL0.6%
• Drugs Made In America Acquisition IIDMII0.6%
• Cantor Equity Partners IVCEPF0.6%
• Newhold Investment Corp III0.6%
• Lionheart HoldingsCUB0.5%
• Digital Asset AcquisitionDAAQ0.5%
• Charlton Aria AcquisitionCHAR0.5%
• Drugs Made In America AcquisitionDMAA0.5%
• Avalonbay CommunitiesAVB0.5%
• Agriculture & Natural Solutions Acquisition0.5%
• Aimei Health TechnologyAFJK0.5%
• Meshflow AcquisitionMESH0.4%
• BTC DevelopmentBDCI0.4%
• Keystone AcquisitionKEYY0.4%
• Graf GlobalTONT0.4%
• Collective AcquisitionCCAQ0.4%
• Collective Acquisition Corp. IICAII0.4%
• SC II AcquisitionSCII0.4%
• Apex TreasuryAPXT0.4%
• EQV Ventures Acquisition Corp. IIEVAC0.4%
• Andretti Acquisition Corp. IIPOLE0.4%
• AmperCap AcquisitionAPMCU(unit)0.4%
• Cantor Equity Partners VCEPV0.4%
• Crane Harbor Acquisition Corp. IICRAN0.4%
• Yorkville International CapitalYICCU(unit)0.4%
• Iron Horse Acquisition IIIRHO0.4%
• Future Money AcquisitionFMAC0.3%
• Jackson Acquisition Company IIJACS0.3%
• Mountain Lake Acquisition Corp. IIMLAA0.3%
• M EVO Global Acquisition Corp IIMEVO0.3%
• RF Acquisition Corp IIRFAI0.3%
• WEN AcquisitionWENN0.3%
• Insight Digital Partners IIDYOR0.3%
• ChampionsGate AcquisitionCHPG0.3%
• Open Lending0.3%
• OrganonOGN0.3%
• Inflection Point Acquisition Corp. III0.3%
• Pioneer Acquisition IPACH0.3%
• Spring Valley Acquisition Corp. IVSVIV0.3%
• Gesher Acquisition Corp. IIGSHR0.3%
• Hall Chadwick AcquisitionHCAC0.3%
• HCM IV AcquisitionHACQ0.3%
• Inflection Point Acquisition Corp. VIIIPXG0.3%
• Lafayette Digital Acquisition Corp. IZKP0.3%
• Idea AcquisitionIACO0.3%
• Invest Green AcquisitionIGAC0.3%
• Globa Terra AcquisitionGTERA0.3%
• Silverbox Corp IVSBXD0.3%
• Armada Acquisition Corp. IIXRPN0.3%
• Roman DBDR Acquisition Corp. IIDRDB0.3%
• Apogee Acquisition2659054D0.3%
• Fifth ERA Acquisition Corp IFERA0.3%
• Axiom Intelligence Acquisition Corp 1AXIN0.3%
• RRE Ventures AcquisitionRREV0.3%
• Inflection Point Acquisition Corp. VIIPFX0.3%
• Sizzle Acquisition Corp. IISZZL0.2%
• Cslm Digital Asset Acquisition Corp IIIKOYN0.2%
• M3-brigade Acquisition VIMBVI0.2%
• Cal Redwood AcquisitionCRAQ0.2%
• Tailwind 2.0 AcquisitionTDWD0.2%
• JAB Acquisition Corp IATLQU(unit)0.2%
• TGE Value Creative SolutionsBEBE0.2%
• Artius II Acquisition0.2%
• Iris Acquisition Corp IIIRAB0.2%
• D. Boral Acquisition IDBCA0.2%
• D. Boral ARC ACQ I0.2%
• Berto AcquisitionTACO0.2%
• Rithm AcquisitionRAC0.2%
• Titan AcquisitionTACH0.2%
• Republic Digital AcquisitionRDAG0.2%
• Colombier Acquisition Corp. IIICLBR0.2%
• GSR IV AcquisitionGSRF0.2%
• Metals Acquisition Corp. IIMTAL0.2%
• Silicon Valley AcquisitionSVAQ0.2%
• Dynamix Corporation IIIDNMX0.2%
• Evolution Global AcquisitionEVOX0.2%
• K2 Capital AcquisitionKTWO0.2%
• Renatus Tactical Acquisition Corp IRTAC0.2%