What to Know About This Fund's $65 Million Homebuilder Bet Before a $47-Per-Share Buyout
Key takeaways
- According to a recent SEC filing, First Trust Capital Management established a new stake in Tri Pointe Homes by acquiring 1,599,172 shares in the first quarter of 2026.
- This is a new position for the fund, representing 3.9% of reported 13F assets under management as of March 31, 2026.
- NYSE: GTLS: $130.63 million (6.9% of AUM)
TPH GTLS First Trust Capital Management initiated a new position in Tri Pointe Homes (NYSE:TPH) during the first quarter, acquiring 1,599,172 shares in a trade estimated at $65.06 million based on quarterly average pricing, according to its May 14, 2026 SEC filing.
According to a recent SEC filing, First Trust Capital Management established a new stake in Tri Pointe Homes by acquiring 1,599,172 shares in the first quarter of 2026. The transaction’s estimated value is $65.06 million, calculated using the mean unadjusted closing price during the quarter. The quarter-end value of the position was $74.73 million, reflecting both new share purchases and share price appreciation.
This is a new position for the fund, representing 3.9% of reported 13F assets under management as of March 31, 2026.