In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 16, 2026), Trium Capital LLP reported 50 stock positions worth $158.7 million . Its top holding was AT&T (T) at 36.4% of the portfolio, followed by Esperion Therapeutics (ESPR, 22.2% ) and Alumis (ALMS, 6.9% ). Compared with Q1 2026, it opened 16 new positions, sold out of 27, added to 23 and reduced 11. The biggest buy was a new position in Esperion Therapeutics (ESPR) and the biggest sale an exit from Sunopta (STKL).
Location LONDON, X0
CIK 0001963860
Portfolio Value $158.7M (Q2 2026) Holdings 50 stocks · $158.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 T AT&T Inc. 1,966,000 $57.8M Add +120.2% ESPR Esperion Therapeutics Inc. 11,158,150 $35.3M New ALMS Alumis Inc. 390,268 $11.0M Add +103.9% SPNS Sapiens International Corp. 173,884 $7.6M Reduce -41.3% ELME Elme Communities 3,351,292 $5.0M Add +180.8% WAB Wabtec Corp. 12,454 $3.4M Add +49.0% LIN Linde PLC 4,066 $2.1M Add +18.3% ROK Rockwell Automation Inc. 3,966 $2.0M New OC Owens Corning 12,134 $1.9M Reduce -2.7% FERG Ferguson Enterprises Inc. 8,104 $1.9M Add +28.1% NVT Nvent Electric PLC 11,162 $1.9M Reduce -29.6% CTVA Corteva Inc. 22,162 $1.9M Add +19.7% NEE Nextera Energy Inc. 21,124 $1.9M New RSG Republic Services Inc. 8,596 $1.8M Reduce -14.5% DAR Darling Ingredients Inc. 32,136 $1.8M Add +62.7% WCN Waste Connections Inc. 10,398 $1.7M New WTRG Essential Utilities Inc. 44,644 $1.7M Add +41.2% PEG Public Service Enterprise GP 19,850 $1.6M Add +1.0% RNA Atrium Therapeutics Inc. 113,278 $1.5M New JCI Johnson Controls Internation 10,196 $1.5M Reduce -12.7% MTZ Mastec Inc. 3,366 $1.4M Add +6.5% ZWS Zurn Elkay Water Solutions C 24,678 $1.2M New QXO Qxo Inc. 70,478 $1.2M New WY Weyerhaeuser Co. 50,866 $1.2M Add +29.0% FSLR First Solar Inc. 4,928 $1.2M Add +98460.0% SW Smurfit Westrock PLC 19,546 $904K Add +20.7% SSTK Shutterstock Inc. 62,086 $866K New WM Waste Management Inc. 3,500 $780K Reduce -58.2% VLTO Veralto Corp. 7,864 $697K Reduce -42.3% YMM Full Truck Alliance -SPN ADR 84,458 $686K New CEG Constellation Energy 2,566 $637K New GRC Gorman-Rupp Co. 6,604 $606K Reduce -40.3% NXT Nextpower Inc. 4,112 $490K Add +34166.7% AYI Acuity Inc. 1,152 $434K Reduce -74.8% TTEK Tetra Tech Inc. 13,810 $399K New BSY Bentley Systems Inc. Class B 10,906 $326K New ONTO Onto Innovation Inc. 600 $227K New WTS Watts Water Technologies-A 406 $159K Reduce -88.3% ACHL Achilles Therapeutics PL-ADR 61,506 $91K Add +100.0% IREN Iren Ltd. filed as IREN LIMITED 1,200 $55K Add +100.0% HBM Hudbay Minerals Inc. 130 $3K New CMBT CMB Tech NV 206 $3K Add +100.0% BWLP BW LPG Ltd. 162 $3K Add +100.0% EE Excelerate Energy Inc. Class A 72 $3K Add +100.0% BKR Baker Hughes Co. 46 $3K Add +100.0% SHLS Shoals Technologies Group -A 246 $2K Reduce -99.7% DVN Devon Energy Corp. 8 $331 New DFH Dream Finders Homes Inc. Class A 2 $35 New SBT Sterling Bancorp Inc. 384,252 $0 Add +100.0% AVADEL PHARMACEUTICALS CVR (ALKERMES PLC merger) 2,585,970 $0 Add +100.0%
Options reported separately and not counted above: SPY puts ($3.4M), MSTR calls ($256K), EWZ calls ($210K).
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ STKL Sunopta Inc. Sold out 0.00% −6.77 HOLX Hologic Inc. Sold out 0.00% −6.18 OS Onestream Inc. Sold out 0.00% −4.75 SPNS Sapiens International Corp. Reduce -41.3% 4.76% −4.59 EWZ iShares MSCI Brazil ETF Sold out 0.00% −4.58 VNM Vaneck Vietnam ETF Sold out 0.00% −3.42 DM Desktop Metal Inc. Class A Sold out 0.00% −2.75 QTRX Quanterix Corp. Sold out 0.00% −2.54 FFWM First Foundation Inc. Sold out 0.00% −1.90 ACI Albertsons Cos Inc. Class A Sold out 0.00% −1.69 EXC Exelon Corp. Sold out 0.00% −1.35 ONTF ON24 Inc. Sold out 0.00% −1.04 WM Waste Management Inc. Reduce -58.2% 0.49% −0.90 EMR Emerson Electric Co. Sold out 0.00% −0.89 PNR Pentair PLC Sold out 0.00% −0.79 AYI Acuity Inc. Reduce -74.8% 0.27% −0.66 WTS Watts Water Technologies-A Reduce -88.3% 0.10% −0.63 GBX Greenbrier Companies Inc. Sold out 0.00% −0.56 AIV Apartment Invt & Mgmt Co. Class A Sold out 0.00% −0.48 RSG Republic Services Inc. Reduce -14.5% 1.15% −0.44 VLTO Veralto Corp. Reduce -42.3% 0.44% −0.44 SHLS Shoals Technologies Group -A Reduce -99.7% 0.00% −0.36 SEE Sealed Air Corp. Sold out 0.00% −0.28 JCI Johnson Controls Internation Reduce -12.7% 0.94% −0.17 NVT Nvent Electric PLC Reduce -29.6% 1.19% −0.17 GRC Gorman-Rupp Co. Reduce -40.3% 0.38% −0.12 DVS Dolly Varden Silver Ltd. Sold out 0.00% −0.03 SNEX Stonex Group Inc. Sold out 0.00% −0.00 PANW Palo Alto Networks Inc. Sold out 0.00% −0.00 BLD Topbuild Corp. Sold out 0.00% −0.00 CTGO Contango Silver & Gold Inc. Sold out 0.00% −0.00 GNK Genco Shipping & Trading Ltd. Sold out 0.00% −0.00 CDE Coeur Mining Inc. Sold out 0.00% −0.00 DCH Dauch Corporation Sold out 0.00% 0.00 AVO Mission Produce Inc. Sold out 0.00% 0.00 DMC Del Monte Corp. Sold out 0.00% 0.00 DSX Diana Shipping Inc. Sold out 0.00% 0.00 OC Owens Corning Reduce -2.7% 1.22% +0.23
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ ESPR Esperion Therapeutics Inc. New 22.22% +22.22 T AT&T Inc. Add +120.2% 36.40% +10.27 ALMS Alumis Inc. Add +103.9% 6.92% +3.86 ELME Elme Communities Add +180.8% 3.13% +1.38 ROK Rockwell Automation Inc. New 1.24% +1.24 NEE Nextera Energy Inc. New 1.17% +1.17 WCN Waste Connections Inc. New 1.09% +1.09 RNA Atrium Therapeutics Inc. New 0.96% +0.96 ZWS Zurn Elkay Water Solutions C New 0.79% +0.79 QXO Qxo Inc. New 0.77% +0.77 FSLR First Solar Inc. Add +98460.0% 0.73% +0.73 WAB Wabtec Corp. Add +49.0% 2.12% +0.60 SSTK Shutterstock Inc. New 0.55% +0.55 YMM Full Truck Alliance -SPN ADR New 0.43% +0.43 CEG Constellation Energy New 0.40% +0.40 NXT Nextpower Inc. Add +34166.7% 0.31% +0.31 TTEK Tetra Tech Inc. New 0.25% +0.25 DAR Darling Ingredients Inc. Add +62.7% 1.11% +0.22 BSY Bentley Systems Inc. Class B New 0.21% +0.21 WTRG Essential Utilities Inc. Add +41.2% 1.08% +0.15 MTZ Mastec Inc. Add +6.5% 0.88% +0.14 ONTO Onto Innovation Inc. New 0.14% +0.14 FERG Ferguson Enterprises Inc. Add +28.1% 1.21% +0.14 SW Smurfit Westrock PLC Add +20.7% 0.57% +0.10 LIN Linde PLC Add +18.3% 1.33% +0.09 WY Weyerhaeuser Co. Add +29.0% 0.77% +0.07 CTVA Corteva Inc. Add +19.7% 1.18% +0.06 ACHL Achilles Therapeutics PL-ADR Add +100.0% 0.06% +0.02 IREN Iren Ltd. Add +100.0% 0.03% +0.02 HBM Hudbay Minerals Inc. New 0.00% +0.00 CMBT CMB Tech NV Add +100.0% 0.00% +0.00 EE Excelerate Energy Inc. Class A Add +100.0% 0.00% +0.00 BWLP BW LPG Ltd. Add +100.0% 0.00% +0.00 BKR Baker Hughes Co. Add +100.0% 0.00% +0.00 DVN Devon Energy Corp. New 0.00% +0.00 DFH Dream Finders Homes Inc. Class A New 0.00% 0.00 SBT Sterling Bancorp Inc. Add +100.0% 0.00% 0.00 AVADEL PHARMACEUTICALS CVR (ALKERMES PLC merger) Add +100.0% 0.00% 0.00 PEG Public Service Enterprise GP Add +1.0% 1.02% −0.14
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +205.9% 3,012,000 $3.4M MSTR Strategy Inc. call Add +104.2% 582,400 $256K EWZ iShares MSCI Brazil ETF call New 1,000,000 $210K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 50 $158.7M T, ESPR, ALMS, SPNS, ELME Q1 2026 61 $137.7M T, SPNS, STKL, HOLX, OS Q4 2025 45 $128.7M CIO, HOUS, ACI, ALMS, ASHR Q3 2025 48 $254.9M COOP, ASHR, KWEB, ACI, EWW Q2 2025 53 $401.6M EWC, SWTX, ACI, BPMC, KWEB Q1 2025 50 $246.3M FNA, ACI, KWEB, ENFN, PYCR Q4 2024 34 $130.3M ACI, ARCH, EWY, KWEB, VNM Q3 2024 60 $217.7M KWEB, FXI, VNM, PRFT, SWN Q2 2024 88 $281.9M KWEB, FXI, OLK, SLCA, VNM Q1 2024 69 $266.6M KWEB, NGMS, PXD, FXI, KAMN