First Trust Capital Management L.P. 13F annual report

First Trust Capital Management L.P. is an investment fund managing more than $1.1 trillion ran by Meredith Weeks. There are currently 104 companies in Mrs. Weeks’s portfolio. The largest investments include Encore Wire and Powerschool Holdings Inc, together worth $187 billion.

Limited to 30 biggest holdings

$1.1 trillion Assets Under Management (AUM)

As of 7th August 2024, First Trust Capital Management L.P.’s top holding is 490,485 shares of Encore Wire currently worth over $142 billion and making up 13.0% of the portfolio value. Relative to the number of outstanding shares of Encore Wire, First Trust Capital Management L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 2,024,892 shares of Powerschool Holdings Inc worth $45.3 billion. The third-largest holding is Hashicorp Inc worth $44.3 billion and the next is Endeavor Group Hldgs Inc worth $42.1 billion, with 1,556,182 shares owned.

Currently, First Trust Capital Management L.P.'s portfolio is worth at least $1.1 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at First Trust Capital Management L.P.

The First Trust Capital Management L.P. office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Meredith Weeks serves as the Compliance Manager at First Trust Capital Management L.P..

Recent trades

In the most recent 13F filing, First Trust Capital Management L.P. revealed that it had opened a new position in Encore Wire and bought 490,485 shares worth $142 billion. This means they effectively own approximately 0.1% of the company. Encore Wire makes up 82.5% of the fund's Technology sector allocation and has grown its share price by 74.6% in the past year.

The investment fund also strengthened its position in Spring Valley Acquistn Corp by buying 564,723 additional shares. This makes their stake in Spring Valley Acquistn Corp total 2,017,489 shares worth $22.4 billion.

On the other hand, there are companies that First Trust Capital Management L.P. is getting rid of from its portfolio. First Trust Capital Management L.P. closed its position in American Eqty Invt Life Hld on 14th August 2024. It sold the previously owned 1,473,868 shares for $82.9 billion. Meredith Weeks also disclosed a decreased stake in Churchill Capital Corp VII by 0.1%. This leaves the value of the investment at $28.3 billion and 2,631,060 shares.

One of the average hedge funds

The two most similar investment funds to First Trust Capital Management L.P. are Stephens Group Asset Management and Sp Asset Management. They manage $1.1 trillion and $1.1 trillion respectively.


Meredith Weeks investment strategy

First Trust Capital Management L.P.’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Technology — making up 15.7% of the total portfolio value. The fund focuses on investments in the United States as 16.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 5% of the total holdings value. On the other hand, small-cap stocks make up only 1.9% of the portfolio. The average market cap of the portfolio companies is close to $7.43 billion.

The complete list of First Trust Capital Management L.P. trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Encore Wire Corp.
Opened
490,485
$142,157,268,000 12.96%
American Eqty Invt Life Hld
Closed
1,473,868
$82,860,859,000
Tricon Residential Inc
Closed
7,408,447
$82,604,184,000
Pioneer Nat Res Co
Closed
286,825
$75,291,563,000
M.D.C. Holdings, Inc.
Closed
1,182,553
$74,394,409,000
Screaming Eagle Acquisitn Co
Closed
6,459,800
$69,119,860,000
Masonite Intl Corp
Closed
474,629
$62,389,982,000
Powerschool Holdings Inc
Opened
2,024,892
$45,337,332,000 4.13%
Hashicorp Inc
Opened
1,314,754
$44,294,062,000 4.04%
Endeavor Group Hldgs Inc
Opened
1,556,182
$42,063,600,000 3.83%
Equitrans Midstream Corporation
Opened
3,027,171
$39,292,680,000 3.58%
Nuvei Corporation
Opened
1,077,087
$34,876,077,000 3.18%
Assetmark Finl Hldgs Inc
Opened
855,208
$29,547,437,000 2.69%
Perficient Inc.
Opened
387,252
$28,962,577,000 2.64%
Rigel Resource Acq Corp
No change
2,504,677
$28,377,990,000 2.59%
Churchill Capital Corp VII
13.65%
2,631,060
$28,336,516,000 2.58%
U.S. Silica Holdings Inc
Opened
1,711,384
$26,440,883,000 2.41%
Spring Valley Acquistn Corp
38.87%
2,017,489
$22,434,478,000 2.05%
Avangrid Inc
Opened
630,985
$22,418,897,000 2.04%
WestRock Co
Opened
420,069
$21,112,668,000 1.92%
Kaman Corp.
Closed
449,395
$20,613,748,000
Eagle Bulk Shipping Inc
Closed
329,332
$20,573,370,000
Ares Acquisition Corp Ii
0.00%
1,895,233
$20,222,136,000 1.84%
Tortoiseecofin Acquisition C
Closed
1,694,767
$18,252,641,000
Hibbett Inc
Opened
205,999
$17,965,173,000 1.64%
Cartesian Growth Corp Ii
No change
1,578,232
$17,794,566,000 1.62%
Silk Rd Med Inc
Opened
644,820
$17,435,933,000 1.59%
Marathon Oil Corporation
Opened
607,429
$17,414,989,000 1.59%
Nabors Energy Transition Cor
No change
1,648,492
$17,358,621,000 1.58%
Investcorp India Acquistn Co
No change
1,455,837
$16,523,750,000 1.51%
Keen Vision Acquisition Corp
No change
1,441,000
$15,247,221,000 1.39%
Palmer Square Capital Bdc In
No change
911,854
$14,735,561,000 1.34%
Concord Acquisition Corp Ii
Closed
1,393,734
$14,655,113,000
Overseas Shipholding Group I
Opened
1,540,985
$13,067,553,000 1.19%
AP Acquisition Corp
No change
1,116,407
$12,782,860,000 1.17%
Inflection Pt Acquisitn Crp
0.00%
1,202,978
$12,751,567,000 1.16%
Project Energy Reimagined Ac
No change
1,085,400
$11,771,163,000 1.07%
Patria Latin Amrcn Opprnty A
42.14%
969,800
$11,089,663,000 1.01%
Tristar Acquisition I Corp.
Closed
1,004,309
$11,007,227,000
Haymaker Acquisition Corp Iv
0.11%
1,038,341
$10,912,964,000 0.99%
Israel Acquisitions Corp
0.31%
950,101
$10,451,111,000 0.95%
Cerevel Therapeutics Hldng I
9.14%
250,985
$10,262,777,000 0.94%
Pyrophyte Acquisition Corp.
0.01%
889,786
$10,179,152,000 0.93%
Carrols Restaurant Group Inc.
Closed
1,067,091
$10,148,035,000
Enerplus Corporation
Closed
485,119
$9,537,440,000
Learn Cw Investment Cor
Opened
840,458
$9,160,992,000 0.84%
Alpha Star Acquisition Corp
No change
768,539
$8,861,255,000 0.81%
Melar Acquisition Corp. I
Opened
873,652
$8,736,520,000 0.80%
Generation Asia I Acquisitio
Closed
765,746
$8,438,521,000
Mountain & Co I Acquisitn Co
82.19%
709,644
$8,267,353,000 0.75%
Infint Acquisition Corp
No change
693,076
$8,081,266,000 0.74%
Walkme Ltd
Opened
550,000
$7,683,500,000 0.70%
Stericycle Inc.
Opened
127,467
$7,409,657,000 0.68%
Aimei Health Technology Co L
No change
680,000
$7,038,000,000 0.64%
Zalatoris Ii Acquisition Cor
Closed
644,000
$6,980,960,000
Valuence Merger Corp I
Closed
614,861
$6,960,227,000
Black Hawk Acquisition Corp
Opened
670,000
$6,793,800,000 0.62%
Eve Mobility Acquisition Cor
No change
609,120
$6,694,229,000 0.61%
Black Hawk Acquisition Corp
Closed
650,000
$6,597,500,000
Bowen Acquisition Corp
No change
621,000
$6,551,550,000 0.60%
Apx Acquisition Corp I
No change
554,066
$6,432,706,000 0.59%
Dt Cloud Acquisition Corp
Opened
621,000
$6,334,200,000 0.58%
Compass Digital Acquisitn Co
No change
578,969
$6,299,183,000 0.57%
Oak Woods Acquisition Corp
No change
570,368
$6,205,604,000 0.57%
Alphavest Acquisition Corp
No change
556,839
$6,141,934,000 0.56%
Enphys Acquisition Corp.
Closed
549,819
$5,949,042,000
Burtech Acquisition Corp
3.89%
529,976
$5,893,333,000 0.54%
Horizon Space Acqustn I Corp
No change
526,871
$5,816,656,000 0.53%
Bayview Acquisition Corp
No change
565,000
$5,785,600,000 0.53%
Investcorp Europe Acquisitio
48.45%
506,144
$5,744,734,000 0.52%
Colombier Acquisition Corp I
No change
554,997
$5,702,594,000 0.52%
Bukit Jalil Gbl Acquisition
No change
534,700
$5,673,167,000 0.52%
Global Lights Acquisition Co
No change
550,000
$5,667,750,000 0.52%
Ai Transn Acquisition Corp
20.00%
540,000
$5,590,782,000 0.51%
Jvspac Acquisition Corp
15.00%
517,500
$5,257,800,000 0.48%
Embrace Change Acquisitn Cor
No change
461,455
$5,191,369,000 0.47%
Chenghe Acquisition Ii Co
Opened
500,000
$5,005,000,000 0.46%
Integrated Wellness Acq Corp
No change
430,000
$4,979,400,000 0.45%
Kensington Capital Acquisiti
No change
448,068
$4,966,834,000 0.45%
Alchemy Invts Acquisitn Corp
0.02%
450,292
$4,827,130,000 0.44%
Evergreen Corporation
47.14%
419,756
$4,818,799,000 0.44%
Cslm Acquisition Corp
Closed
429,021
$4,736,392,000
Alphatime Acquisition Corp
No change
426,530
$4,721,687,000 0.43%
Goldenstone Acquisition Ltd
Closed
428,536
$4,721,010,000
Finnovate Acquisition Corp
29.25%
410,455
$4,699,710,000 0.43%
Coliseum Acquisition Corp
No change
424,001
$4,647,051,000 0.42%
Feutune Light Acquisition Co
Closed
417,839
$4,508,483,000
Andretti Acquisition Corp.
Closed
410,223
$4,483,737,000
99 Acquisition Group Inc
No change
400,000
$4,200,560,000 0.38%
Chenghe Acquisition I Co
No change
367,260
$4,183,091,000 0.38%
Tenx Keane Acquisition
Closed
373,806
$4,134,294,000
Slam Corp
0.61%
366,754
$4,078,304,000 0.37%
Distoken Acquisition Corp
Closed
377,222
$4,058,909,000
Blue Ocean Acquisition Corp
23.64%
344,149
$3,840,703,000 0.35%
Ix Acquisition Corp
12.05%
334,402
$3,812,183,000 0.35%
Battery Future Acquisition C
33.70%
331,481
$3,659,550,000 0.33%
Cf Acquisition Corp Vii
44.82%
328,590
$3,607,918,000 0.33%
Aimfinity Investment Corp I
Closed
320,000
$3,558,400,000
Tlgy Acquisition Corporation
9.23%
302,847
$3,467,598,000 0.32%
Fintech Ecosystem Deve
Closed
288,097
$3,169,067,000
Blue World Acquisition Corp
No change
276,233
$3,110,384,000 0.28%
Agriculture & Nat Sol Acq Co
Opened
297,911
$3,050,609,000 0.28%
Spark I Acquisition Corp
No change
291,138
$3,013,278,000 0.27%
Lionheart Holdings
Opened
300,000
$2,996,130,000 0.27%
Cartica Acquisition Corp
28.74%
243,397
$2,752,820,000 0.25%
Legato Merger Corp Iii
Closed
257,169
$2,606,408,000
Legato Merger Corp Iii
Opened
253,667
$2,565,410,000 0.23%
Arya Sciences Acqu Corp Iv
Closed
211,632
$2,376,627,000
Fusion Pharmaceuticals Inc.
Closed
107,737
$2,296,953,000
SDCL EDGE Acquisition Corp
84.22%
206,792
$2,280,916,000 0.21%
Amedisys Inc.
18.57%
23,745
$2,179,791,000 0.20%
Golden Star Acquisition Corp
Closed
178,700
$1,870,989,000
Hireright Holdings Corporati
Closed
123,890
$1,767,910,000
Albertsons Cos Inc
23.25%
88,933
$1,756,427,000 0.16%
Tmt Acquisition Corp
211.22%
150,709
$1,654,785,000 0.15%
Swiftmerge Acquisition Corp
Opened
144,934
$1,585,578,000 0.14%
Axonics Inc
23.29%
21,198
$1,425,141,000 0.13%
Powerup Acquisition Corp
Closed
128,449
$1,414,866,000
Cactus Acquisition Corp 1 Lt
1.91%
112,955
$1,282,039,000 0.12%
United States Stl Corp New
23.31%
33,801
$1,277,678,000 0.12%
Juniper Networks Inc
23.29%
33,706
$1,228,920,000 0.11%
Lakeland Bancorp, Inc.
Closed
101,468
$1,227,763,000
Heartland Finl Usa Inc
Opened
26,722
$1,187,793,000 0.11%
Nustar Energy Lp
Closed
48,794
$1,135,436,000
Bynordic Acquisition Corp
No change
95,514
$1,078,391,000 0.10%
Catalent Inc.
23.29%
19,028
$1,069,944,000 0.10%
Vizio Hldg Corp
23.25%
97,042
$1,048,054,000 0.10%
Global Star Acquisition Inc
Closed
96,796
$1,036,685,000
Championx Corporation
Opened
29,355
$974,880,000 0.09%
Daseke Inc
Closed
88,055
$730,857,000
SP Plus Corp
Closed
13,958
$728,887,000
Metal Sky Star Acquisition C
No change
63,505
$720,782,000 0.07%
Target Global Acquisi I Corp
No change
58,418
$665,381,000 0.06%
Capri Holdings Limited
21.92%
14,989
$495,836,000 0.05%
Everbridge Inc
Closed
13,800
$480,654,000
Plains All Amern Pipeline L
80.07%
25,633
$453,532,000 0.04%
Energy Transfer L P
82.33%
28,230
$450,310,000 0.04%
First Tr Exch Traded Fd Iii
No change
22,222
$384,885,000 0.04%
Western Midstream Partners L
Closed
7,296
$259,362,000
MPLX LP
Closed
5,885
$244,583,000
Enterprise Prods Partners L
Closed
7,510
$219,148,000
Ansys Inc.
Opened
110
$35,365,000 0.00%
Discover Finl Svcs
97.75%
259
$33,880,000 0.00%
Hess Corporation
Opened
216
$31,864,000 0.00%
National Westn Life Group In
99.84%
64
$31,804,000 0.00%
No transactions found
Showing first 500 out of 145 holdings