The Changing Landscape of First Trust Capital Management L.P.: Q3 2022 vs Q4 2022

First Trust Capital Management L.P. is a leading investment firm that manages funds primarily in the U.S. equity markets. Every quarter, the company is required to file a 13F report with the Securities and Exchange Commission (SEC), which lists its holdings as of the end of the quarter. The Q3 2022 vs. Q4 2022 comparison report reveals some interesting changes in the company's holdings. Here are some of the key insights from the report.

Increase in Holdings

One of the most notable changes in the report is the significant increase in holdings of several companies. Ares Acquisition Corporation (AAC) saw a significant increase in its holdings, from 23,300 shares in Q3 2022 to 3,972,712 shares in Q4 2022, a percentage increase of 17,218.3%. Similarly, Jaws Mustang Acquisition Corp (JWSM) saw an increase of 185.1%, from 711,266 shares in Q3 2022 to 1,995,043 shares in Q4 2022.

Another notable company with increased holdings is Sustainable Development Acquisition I Co (SDAC), increasing from 681,715 shares to 1,203,427 shares, a percentage increase of 76.7%. This is a clear indication of the company's bullish stance on sustainable development and infrastructure, a trend that we have seen in other investment firms as well.

Several other companies also saw a significant increase in holdings. For instance, Stonebridge Acquisition Corp (APAC) increased from 84,416 shares to 1,384,618 shares, a percentage increase of 1,567.1%. Furthermore, Northern Star Investment Corp (NSTB) increased from 670,137 shares to 1,266,995 shares, a percentage increase of 88.7%.

New Holdings

In addition to increasing holdings in existing companies, First Trust Capital Management L.P. also added several new positions to its portfolio. Byte Acquisition Corp (BYTS) is one such company that appeared on the 13F report for the first time, with 1,963,966 shares.

Another new addition is Sustainable Development Acquisition II (SCOB), with 1,116,193 shares. Other new companies include Scion Tech Growth II (SCOB) with 1,116,193 shares and DeCarbonization Plus Acquisition (DCRD) with 831,865 shares, among others.

Decrease in Holdings

While First Trust Capital Management L.P. increased its holdings in several companies and added new positions to its portfolio, it also decreased its holdings in some other companies. Co-founder of the firm James M. Bowen and his team sold all of the 397,331 shares that the company held in Coupa Software Inc (COUP). MSD Acquisition Corp (MSDA) is another company that First Trust Capital Management L.P. opted to reduce its holdings in, with its holdings falling to 2,139,027 shares, representing a 100% decrease.

Conclusion

Overall, the Q3 2022 vs. Q4 2022 13F Holdings Comparison report shows that First Trust Capital Management L.P. made some significant changes to its holdings during the quarter. The company increased its holdings in several companies while also acquiring new positions in others, signaling its bullish outlook on these firms. At the same time, the firm decreased its holdings in some other companies. While we cannot know for sure why the company decided to make these changes, it is clear that the company is continuously adjusting its portfolio to maximize returns for its investors.