Trium Capital LLP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 15, 2025), Trium Capital LLP reported 34 stock positions worth $130.3 million. Its top holding was Albertsons Cos Class A (ACI) at 18.2% of the portfolio, followed by Arch Resources (ARCH, 16.2%) and iShares MSCI South Korea ETF (EWY, 14.3%). Compared with Q3 2024, it opened 10 new positions, sold out of 36, added to 13 and reduced 10. The biggest buy was a new position in Albertsons Cos Class A (ACI) and the biggest sale an exit from Perficient (PRFT).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001963860
Portfolio Value
$130.3M (Q4 2024)
SEC Filing
0001963860-25-000003 ↗ filed Jan 15, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $266.6M Q1 2024 Q2 2024: $281.9M Q2 2024 Q3 2024: $217.7M Q3 2024 Q4 2024: $130.3M $130.3M Q4 2024 Q1 2025: $246.3M Q1 2025 Q2 2025: $401.6M Q2 2025 Q3 2025: $254.9M Q3 2025 Q4 2025: $128.7M Q4 2025 Q1 2026: $137.7M Q1 2026 Q2 2026: $158.7M Q2 2026

Holdings 34 stocks · $130.3M
ACI Albertsons Cos Inc. Class A 18.17% 1,205,619 $23.7M New
ARCH Arch Resources Inc. 16.20% 149,478 $21.1M New
EWY iShares MSCI South Korea ETF 14.33% 367,075 $18.7M New
KWEB Kranesh Csi China Internet 11.44% 510,070 $14.9M Reduce -40.4%
VNM Vaneck Vietnam ETF 9.19% 1,043,084 $12.0M Reduce -10.6%
FXI iShares China Large-Cap ETF 5.66% 242,218 $7.4M Reduce -57.0%
PSTX Poseida Therapeutics Inc. 2.85% 386,407 $3.7M New
THD iShares MSCI Thailand ETF 2.03% 43,860 $2.7M Reduce -11.2%
PFIE Profire Energy Inc. 1.76% 904,058 $2.3M New
RSG Republic Services Inc. 1.73% 11,178 $2.2M Add +11.3%
LIN Linde PLC 1.59% 4,962 $2.1M Add +28.8%
WM Waste Management Inc. 1.42% 9,184 $1.9M Reduce -23.7%
MNTX Manitex International Inc. 1.25% 280,302 $1.6M New
WAB Wabtec Corp. 1.23% 8,444 $1.6M Add +18.8%
NEE Nextera Energy Inc. 1.22% 22,117 $1.6M Reduce -12.9%
TT Trane Technologies PLC 1.17% 4,145 $1.5M Add +6.3%
OC Owens Corning 1.13% 8,652 $1.5M Add +10.0%
FSLR First Solar Inc. 1.01% 7,498 $1.3M Add +22.4%
BLD Topbuild Corp. 0.90% 3,763 $1.2M Add +96.1%
NVT Nvent Electric PLC 0.82% 15,688 $1.1M Reduce -10.9%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.61% 55,608 $797K Add +7.3%
AYI Acuity Inc. 0.57% 2,562 $748K Add +52.5%
WCN Waste Connections Inc. 0.57% 4,331 $743K New
ELP Companhia Paranaense DE Ener 0.54% 119,096 $706K Reduce -9.0%
VLTO Veralto Corp. 0.46% 5,942 $605K Reduce -69.1%
GEV GE Vernova Inc. 0.43% 1,716 $564K Add +7.4%
WY Weyerhaeuser Co. 0.43% 19,854 $559K Add +159.1%
BSY Bentley Systems Inc. Class B 0.26% 7,148 $334K New
BHM Bluerock Homes Trust Inc. 0.24% 23,657 $314K No change
CDLR Cadeler A/S-ADR 0.23% 13,520 $302K Reduce -15.2%
NXT Nextpower Inc. filed as NEXTRACKER INC 0.21% 7,666 $280K Add +18.8%
RDUS Radius Recycling Inc. Class A 0.16% 13,320 $203K Add +41.8%
DAR Darling Ingredients Inc. 0.14% 5,385 $181K New
JD Jd.com Inc.-ADR 0.05% 1,800 $62K New

Options reported separately and not counted above: HYG puts ($447.1M), SPY puts ($124.8M), NVDA puts ($2.7M), CSGP puts ($93K).

Portfolio Sells Q3 2024 → Q4 2024
PRFT Perficient Inc. Sold out 0.00% −6.71
SWN Southwestern Energy Co. Sold out 0.00% −4.61
ABT Abbott Laboratories Sold out 0.00% −3.66
OTIS Otis Worldwide Corp. Sold out 0.00% −3.50
FXI iShares China Large-Cap ETF Reduce -57.0% 5.66% −2.57
ACN Accenture PLC Class A Sold out 0.00% −2.53
CME Cme Group Inc. Sold out 0.00% −2.53
UNH Unitedhealth Group Inc. Sold out 0.00% −2.51
MA Mastercard Inc. Class A Sold out 0.00% −2.35
SYK Stryker Corp. Sold out 0.00% −2.16
MCO Moody's Corp. Sold out 0.00% −2.16
GGG Graco Inc. Sold out 0.00% −2.05
CTSH Cognizant Tech Solutions-A Sold out 0.00% −2.00
KWEB Kranesh Csi China Internet Reduce -40.4% 11.44% −1.94
ADBE Adobe Inc. Sold out 0.00% −1.92
AAN The Aaron's Co. Inc. Sold out 0.00% −1.85
LOW Lowe's Cos Inc. Sold out 0.00% −1.84
ECL Ecolab Inc. Sold out 0.00% −1.73
XYL Xylem Inc. Sold out 0.00% −1.63
LYV Live Nation Entertainment Inc. Sold out 0.00% −1.60
SHOP Shopify Inc. Class A Sold out 0.00% −1.36
AUGX Augmedix Inc. Sold out 0.00% −1.28
ULTA Ulta Beauty Inc. Sold out 0.00% −1.27
ADP Automatic Data Processing Sold out 0.00% −1.25
NKE Nike Inc. Class B Sold out 0.00% −1.16
EL Estee Lauder Companies Class A Sold out 0.00% −1.14
V Visa Inc. Class A Sold out 0.00% −1.09
ACRS Aclaris Therapeutics Inc. Sold out 0.00% −1.01
ROL Rollins Inc. Sold out 0.00% −0.96
VLTO Veralto Corp. Reduce -69.1% 0.46% −0.52
SPGI S&P Global Inc. Sold out 0.00% −0.45
HLVX Hillevax Inc. Sold out 0.00% −0.37
WMS Advanced Drainage Systems Inc. Sold out 0.00% −0.22
TTEK Tetra Tech Inc. Sold out 0.00% −0.20
CNM Core & Main Inc. Class A Sold out 0.00% −0.20
CIG Cia Energetica DE-Spon ADR Sold out 0.00% −0.18
JNPR Juniper Networks Inc. Sold out 0.00% −0.09
SIRI Sirius XM Holdings Inc. Sold out 0.00% −0.02
IVPAF Ivanhoe Mines Ltd. Class A Sold out 0.00% −0.00
CDLR Cadeler A/S-ADR Reduce -15.2% 0.23% +0.03
ELP Companhia Paranaense DE Ener Reduce -9.0% 0.54% +0.09
NEE Nextera Energy Inc. Reduce -12.9% 1.22% +0.23
NVT Nvent Electric PLC Reduce -10.9% 0.82% +0.25
WM Waste Management Inc. Reduce -23.7% 1.42% +0.27
THD iShares MSCI Thailand ETF Reduce -11.2% 2.03% +0.46
VNM Vaneck Vietnam ETF Reduce -10.6% 9.19% +2.34

Portfolio Buys Q3 2024 → Q4 2024
ACI Albertsons Cos Inc. Class A New 18.17% +18.17
ARCH Arch Resources Inc. New 16.20% +16.20
EWY iShares MSCI South Korea ETF New 14.33% +14.33
PSTX Poseida Therapeutics Inc. New 2.85% +2.85
PFIE Profire Energy Inc. New 1.76% +1.76
MNTX Manitex International Inc. New 1.25% +1.25
RSG Republic Services Inc. Add +11.3% 1.73% +0.80
LIN Linde PLC Add +28.8% 1.59% +0.75
WAB Wabtec Corp. Add +18.8% 1.23% +0.63
WCN Waste Connections Inc. New 0.57% +0.57
BLD Topbuild Corp. Add +96.1% 0.90% +0.54
OC Owens Corning Add +10.0% 1.13% +0.49
TT Trane Technologies PLC Add +6.3% 1.17% +0.48
AYI Acuity Inc. Add +52.5% 0.57% +0.36
FSLR First Solar Inc. Add +22.4% 1.01% +0.31
WY Weyerhaeuser Co. Add +159.1% 0.43% +0.31
BSY Bentley Systems Inc. Class B New 0.26% +0.26
GEV GE Vernova Inc. Add +7.4% 0.43% +0.25
SBS Cia Saneamento Basico DE-ADR Add +7.3% 0.61% +0.22
DAR Darling Ingredients Inc. New 0.14% +0.14
NXT Nextpower Inc. Add +18.8% 0.21% +0.10
RDUS Radius Recycling Inc. Class A Add +41.8% 0.16% +0.08
JD Jd.com Inc.-ADR New 0.05% +0.05

Options Activity Q3 2024 → Q4 2024
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 5,684,400 $447.1M
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -7.5% 213,000 $124.8M
NVDA Nvidia Corp. put New 20,000 $2.7M
CSGP Costar Group Inc. put Add +62.5% 1,300 $93K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 50$158.7MT, ESPR, ALMS, SPNS, ELME
Q1 2026 61$137.7MT, SPNS, STKL, HOLX, OS
Q4 2025 45$128.7MCIO, HOUS, ACI, ALMS, ASHR
Q3 2025 48$254.9MCOOP, ASHR, KWEB, ACI, EWW
Q2 2025 53$401.6MEWC, SWTX, ACI, BPMC, KWEB
Q1 2025 50$246.3MFNA, ACI, KWEB, ENFN, PYCR
Q4 2024 34$130.3MACI, ARCH, EWY, KWEB, VNM
Q3 2024 60$217.7MKWEB, FXI, VNM, PRFT, SWN
Q2 2024 88$281.9MKWEB, FXI, OLK, SLCA, VNM
Q1 2024 69$266.6MKWEB, NGMS, PXD, FXI, KAMN