Latest Vivaldi Asset Management, LLC Stock Portfolio

Vivaldi Asset Management, LLC Performance:

2025 Q4: 0.27%YTD: 1.26%2024: 3.04%

Performance for 2025 Q4 is 0.27%, and YTD is 1.26%, and 2024 is 3.04%.

About Vivaldi Asset Management, LLC and 13F Hedge Fund Stock Holdings

First Trust Capital Management L.P. is a hedge fund based in Chicago, IL. On 2026-02-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, First Trust Capital Management L.P. reported an equity portfolio of $1.7 Billions as of 31 Dec, 2025.

The top stock holdings of First Trust Capital Management L.P. are CADE, CYBR, CDAY. The fund has invested 5.5% of it's portfolio in CADENCE BANK and 4.4% of portfolio in CYBERARK SOFTWARE LTD.

The fund managers got completely rid off WNS HLDGS LTD, VERONA PHARMA PLC (VRNA) and VERITEX HLDGS INC (VBTX) stocks. They significantly reduced their stock positions in INFLECTION POINT ACQUISITION, ELECTRONIC ARTS INC (EA) and GUESS INC (GES). First Trust Capital Management L.P. opened new stock positions in CADENCE BANK (CADE), DAYFORCE INC (CDAY) and COMERICA INC (CMA). The fund showed a lot of confidence in some stocks as they added substantially to FRONTIER COMMUNICATIONS PARE (FYBR), CANTOR EQUITY PARTNERS III I and CYBERARK SOFTWARE LTD (CYBR).

Vivaldi Asset Management, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that First Trust Capital Management L.P. made a return of 0.27% in the last quarter. In trailing 12 months, it's portfolio return was 1.26%.

Performance
S&P 500

New Buys

Ticker	$ Bought
cadence bank	90,502,600
dayforce inc	66,321,700
comerica inc	65,748,000
alexander & baldwin inc new	50,424,800
cidara therapeutics inc	45,333,900
hillenbrand inc	42,596,500
synovus finl corp	41,974,200
clearwater analytics hldgs i	35,689,200

New stocks bought by Vivaldi Asset Management, LLC

Additions

Ticker	% Inc.
frontier communications pare	2,322
cantor equity partners iii i	1,113
wen acquisition corp	126
cyberark software ltd	37.15
soulpower acquisition corp	31.66
voyager acquisition corp	30.14
proassurance corp	6.06
championsgate acquisition co	3.47

Additions to existing portfolio by Vivaldi Asset Management, LLC

Reductions

Ticker	% Reduced
inflection point acquisition	-72.56
crane hbr acquisition corp	-61.78
electronic arts inc	-60.98
vine hill cap invt corp.	-53.66
rf acquisition corp ii	-50.00
andretti acquisition corp ii	-47.75
gigcapital7 corp	-38.03
guess inc	-37.23

Vivaldi Asset Management, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
avidxchange holdings inc	-33,272,000
veritex hldgs inc	-86,112,800
performant healthcare inc	-17,464,000
integral ad science hldng co	-21,243,100
drugs made in amer acq ii co	-18,702,100
aris water solutions inc	-45,496,100
wns hldgs ltd	-103,818,000
nabors energy transition cor	-14,524,900

Vivaldi Asset Management, LLC got rid off the above stocks

Sector Distribution

First Trust Capital Management L.P. has about 62.6% of it's holdings in Others sector.

Sector	%
Others	62.6
Technology	9.8
Financial Services	8.3
Healthcare	7.6
Real Estate	4.3
Industrials	2.6
Communication Services	2.6
Consumer Cyclical	2.3

Market Cap. Distribution

First Trust Capital Management L.P. has about 13.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	62.6
LARGE-CAP	13.4
MID-CAP	11.6
SMALL-CAP	9.5
NANO-CAP	2.5

Stocks belong to which Index?

About 31.4% of the stocks held by First Trust Capital Management L.P. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	68.6
RUSSELL 2000	19.2
S&P 500	12.2

Top 5 Winners (%)		%
	chime finl inc	22.5 %
	cantor equity partners ii in	6.7 %
PAA	plains all amern pipeline l	5.2 %
	crane hbr acquisition corp	4.3 %
	american exceptionalism acqu	4.2 %

Top 5 Winners ($)		$
	chime finl inc	3.0 M
	agriculture & nat sol acq co	0.8 M
	graf global corp	0.5 M
EA	electronic arts inc	0.5 M
	aa mission acquisition corp	0.4 M

Top 5 Losers (%)		%
CYBR	cyberark software ltd	-6.7 %
	yorkville acquisition corp.	-5.0 %
ET	energy transfer l p	-3.9 %
	1rt acquisition corp.	-2.4 %
	berto acquisition corp	-2.2 %

Top 5 Losers ($)		$
CYBR	cyberark software ltd	-5.3 M
	berto acquisition corp	-0.2 M
	yorkville acquisition corp.	-0.1 M
	palmer square capital bdc in	-0.1 M
	armada acquisition corp ii	-0.1 M

Vivaldi Asset Management, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Vivaldi Asset Management, LLC

First Trust Capital Management L.P. has 162 stocks in it's portfolio. About 32.9% of the portfolio is in top 10 stocks. CYBR proved to be the most loss making stock for the portfolio. was the most profitable stock for First Trust Capital Management L.P. last quarter.

Last Reported on: 13 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AL	air lease corp	0.07	17,040	1,094,480	new

ALEX	alexander & baldwin inc new	3.05	2,443,060	50,424,800	new

ARIS	aris water solutions inc	0.00	0.00	0.00	sold off	-100

ATXS	astria therapeutics inc	0.66	831,357	10,882,500	new

AVDX	avidxchange holdings inc	0.00	0.00	0.00	sold off	-100

BHF	brighthouse finl inc	0.09	22,138	1,434,320	new

BLFY	blue foundry bancorp	0.45	602,268	7,486,190	new

CADE	cadence bank	5.48	2,112,570	90,502,600	new

CDAY	dayforce inc	4.01	958,960	66,321,700	new

CDTX	cidara therapeutics inc	2.74	205,233	45,333,900	new

CFLT	confluent inc	0.85	462,084	13,973,400	new

CMA	comerica inc	3.98	756,333	65,748,000	new

COOP	mr cooper group inc	0.00	0.00	0.00	sold off	-100

CSGS	csg sys intl inc	0.08	17,569	1,347,370	new

CWAN	clearwater analytics hldgs i	2.16	1,479,650	35,689,200	new

CYBR	cyberark software ltd	4.44	164,574	73,409,900	added	37.15

DENN	dennys corp	0.64	1,701,390	10,582,700	new

EA	electronic arts inc	1.21	97,562	19,934,800	reduced	-60.98

EPD	enterprise prods partners l	0.01	6,337	203,164	reduced	-5.78

ET	energy transfer l p	0.01	12,346	203,586	added	2.65