Managers / Q2 2025 · view latest →
Triumph Capital Management
CIK 0001730765 · 1610 WYNKOOP STREET, SUITE 550, DENVER, CO, 80202 · 7203995555
Summary
Triumph Capital Management reported $333M in U.S.-listed holdings across 286 positions for Q2 2025.
Its largest position, First Tr Exchange Traded Fd, represents 4.7% of the portfolio.
Compared with Q1 2025, the fund opened 40 new positions and exited 30.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 65.7% · $219M
- Common Stock · 27.7% · $92M
- Closed-End Fund · 3.6% · $12M
- Other · 1.9% · $6M
- REIT · 1.1% · $4M
- Other · 0.1% · $195,311
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VANGUARD MALVERN FDS | NEW | +29.2K | 29.2K | +$2M | $2M |
| INNOVATOR ETFS TRUST | NEW | +40.6K | 40.6K | +$2M | $2M |
| VANGUARD INDEX FDS | NEW | +6.2K | 6.2K | +$2M | $2M |
| FIRST TR EXCHANGE-TRADED FD | NEW | +66.3K | 66.3K | +$2M | $2M |
| UNHUNITEDHEALTH GROUP INC | NEW | +4.2K | 4.2K | +$1M | $1M |
| PLTRPALANTIR TECHNOLOGIES INC | NEW | +8.9K | 8.9K | +$1M | $1M |
| FIRST TR EXCHANGE-TRADED FD | NEW | +67.5K | 67.5K | +$1M | $1M |
| MDYSPDR S&P MIDCAP 400 ETF TR | NEW | +1.8K | 1.8K | +$1M | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | RDVYFIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW · RISNG DIVD ACHIV · SMID RISNG ETF · FST LOW OPPT EFT · CAP STRENGTH ETF · FT VEST S&P 500 · SHS · FT VEST RIS | 15.37% | $51M | 1.01M |
| 2 | ISHARES TR | CORE S&P500 ETF · RUS MID CAP ETF · RUSSELL 2000 ETF · MSCI USA QLT FCT · 20 YR TR BD ETF | 7.55% | $25M | 163.3K |
| 3 | INNOVATOR ETFS TRUST | US EQTY ULTRA B · QUITY MANAGD FLR · GRWT100 PWR BF · NASDAQ 100 MANA | 3.58% | $12M | 331.1K |
| 4 | FIRST TR EXCHNG TRADED FD VI | SMITH OPPORT FXD | 3.18% | $11M | 241.5K |
| 5 | J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF · EQUITY PREMIUM · U S TECH LEADERS | 3.07% | $10M | 184.2K |
| 6 | FIRST TR EXCHANGE-TRADED ALP | COM SHS | 2.74% | $9M | 83.0K |
| 7 | SPDR S&P 500 ETF TR | TR UNIT | 2.74% | $9M | 14.8K |
| 8 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 2.41% | $8M | 109.1K |
| 9 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 2.06% | $7M | 12.4K |
| 10 | VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 1.63% | $5M | 109.9K |
| 11 | NVDANVIDIA CORPORATIONhistory → | COM | 1.45% | $5M | 30.5K |
| 12 | AAPLAPPLE INChistory → | COM | 1.30% | $4M | 21.1K |
| 13 | AMZNAMAZON COM INChistory → | COM | 1.13% | $4M | 17.1K |
| 14 | MSFTMICROSOFT CORPhistory → | COM | 1.02% | $3M | 6.9K |
| 15 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.99% | $3M | 6.8K |
| 16 | VICTORY PORTFOLIOS II | SHARES FREE CASH | 0.82% | $3M | 77.5K |
| 17 | LLYELI LILLY & CO | COM | 0.71% | $2M | 3.0K |
| 18 | VANGUARD MALVERN FDS | CORE-PLUS BD ETF | 0.68% | $2M | 29.2K |
| 19 | CRWDCROWDSTRIKE HLDGS INC | CL A | 0.64% | $2M | 4.2K |
| 20 | SNOWSNOWFLAKE INC | CL A | 0.61% | $2M | 9.1K |
| 21 | SOFISOFI TECHNOLOGIES INC | COM | 0.59% | $2M | 107.3K |
| 22 | VANECK ETF TRUST | MRNGSTR WDE MOAT | 0.58% | $2M | 20.7K |
| 23 | AMDADVANCED MICRO DEVICES INC | COM | 0.57% | $2M | 13.4K |
| 24 | VANGUARD INDEX FDS | TOTAL STK MKT | 0.57% | $2M | 6.2K |
| 25 | OXFORD LANE CAP CORP | COM | 0.56% | $2M | 441.8K |
| 26 | PGPROCTER AND GAMBLE CO | COM | 0.54% | $2M | 11.3K |
| 27 | AON PLC | SHS CL A | 0.53% | $2M | 4.9K |
| 28 | SPDR DOW JONES INDL AVERAGE | UT SER 1 | 0.53% | $2M | 4.0K |
| 29 | METAMETA PLATFORMS INC | CL A | 0.49% | $2M | 2.2K |
| 30 | TSLATESLA INC | COM | 0.49% | $2M | 5.1K |
| 31 | AVGOBROADCOM INC | COM | 0.49% | $2M | 5.9K |
| 32 | PTYPIMCO CORPORATE & INCOME OPP | COM | 0.48% | $2M | 115.2K |
| 33 | PANWPALO ALTO NETWORKS INC | COM | 0.47% | $2M | 7.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $491M | 1,838 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $463M | 1,769 | Feb 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $411M | 1,969 | Nov 17, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $333M | 286 | Jul 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $300M | 276 | May 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $292M | 273 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $245M | 225 | Apr 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $236M | 215 | Feb 5, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $220M | 220 | Oct 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $221M | 224 | Aug 3, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $196M | 190 | May 8, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $187M | 207 | Jan 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $184M | 187 | Nov 1, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $189M | 204 | Aug 2, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $231M | 199 | May 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $231M | 210 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $214M | 189 | Nov 16, 2021 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2021 | $171M | 160 | Jul 19, 2021 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.