Institutional Manager · CIK 0001730765

Triumph Capital Management

DENVER, CO · File #028-21297

Latest AUM

$462.8M

Positions

1,769

Top-10 Concentration

39.3%

Filings

Portfolio Value Over Time

2024-03

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	APPLE INC	AAPL	+47,338	+$12.9M	+$275,658
NEW	DIMENSIONAL ETF TRUST	25434V864	+150,385	+$7.2M	$0
ADD	JPMORGAN CHASE & CO.	VYLD	+13,446	+$4.3M	+$9,765
REDUCE	INNOVATOR ETFS TRUST	INHD	-104,206	-$4.1M	+$146,480
ADD	SPDR S&P 500 ETF TR	SPY	+5,711	+$3.9M	+$160,234
ADD	WELLS FARGO CO NEW	949746101	+36,906	+$3.4M	+$69,952
ADD	INNOVATOR ETFS TRUST	INHD	+94,526	+$3.1M	+$9,694
REDUCE	ELI LILLY & CO	LLY	-2,782	-$3.0M	+$1.3M
NEW	DIMENSIONAL ETF TRUST	25434V724	+55,579	+$2.6M	$0
ADD	FIRST TR EXCHANGE TRADED FD	33734X846	+31,512	+$2.3M	-$63,691

Sector Allocation

Technology

9.6%$44.3M

Financials

6.5%$30.0M

Materials

4.8%$22.4M

Consumer Discretionary

3.3%$15.2M

Healthcare

1.5%$7.1M

Industrials

1.0%$4.6M

Communication Services

0.9%$4.1M

0.7%$3.2M

0.6%$3.0M

0.3%$1.3M

0.2%$1.1M

Filing History

Feb 12, 202613F HOLDINGS REPORTQ/E Dec 20251,769 pos · $462.8M
Dec 29, 202513F HOLDINGS REPORT (Amended)Q/E Dec 2025286 pos · $333.2M
Dec 23, 202513F HOLDINGS REPORT (Amended)Q/E Dec 2025319 pos · $372.9M
Nov 17, 202513F HOLDINGS REPORTQ/E Sep 20251,969 pos · $410.8M
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025286 pos · $333.2M
May 6, 202513F HOLDINGS REPORTQ/E Mar 2025276 pos · $300.2M
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024265 pos · $280.6M
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024240 pos · $256.1M
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024273 pos · $292.2M
Apr 25, 202413F HOLDINGS REPORTQ/E Mar 2024225 pos · $245.3M
Oct 31, 202313F HOLDINGS REPORTQ/E Dec 2023220 pos · $220.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	APPLE INC	AAPL	63,341	$17.2M	6.73%
2	FIRST TRUST ENHANCED SHORT MATURITY ETF	33739Q408	220,795	$13.2M	5.17%
3	SPDR S&P 500 ETF TR	SPY	15,897	$10.8M	4.23%
4	FIRST TR EXCHNG TRADED FD VI	33740F805	235,077	$10.4M	4.07%
5	FIRST TR EXCHANGE TRADED FD	33738R506	131,786	$9.2M	3.58%
6	VANGUARD BD INDEX FDS	921937835	112,725	$8.3M	3.26%
7	FIRST TR EXCHANGE-TRADED FD	33733E104	90,062	$8.3M	3.25%
8	FIRST TR EXCHANGE-TRADED FD	33741X102	208,079	$8.0M	3.11%
9	ISHARES TR	464287200	11,127	$7.6M	2.98%
10	JPMORGAN ULTRA-SHORT INCOME ETF	46641Q837	147,364	$7.5M	2.91%
11	DIMENSIONAL ETF TRUST	25434V864	150,385	$7.2M	2.82%
12	INVESCO QQQ TR	IVZ	11,330	$7.0M	2.72%
13	FIRST TR EXCHANGE-TRADED FD	336917109	156,056	$6.9M	2.70%
14	FIRST TRUST LOW DURATION OPPORTUNITIES ETF	33739Q200	136,142	$6.8M	2.66%
15	INNOVATOR ETFS TRUST	INHD	180,962	$6.7M	2.61%
16	FIRST TR EXCHANGE-TRADED ALP	33734K109	51,976	$6.2M	2.41%
17	ISHARES TR	464287499	59,644	$5.7M	2.24%
18	AMAZON COM INC	AMZN	23,692	$5.5M	2.14%
19	NVIDIA CORPORATION	NVDA	27,225	$5.1M	1.98%
20	VANGUARD CHARLOTTE FDS	92203J407	102,989	$5.0M	1.94%