Triumph Capital Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed December 29, 2025), Triumph Capital Management reported 286 stock positions worth $333.2 million. Its top holding was First Trust Enh Short Mat FD (FTSM) at 4.7% of the portfolio, followed by First Trust Smith Opportunis (FIXD, 3.2%) and First Trust Large Cap Core A (FEX, 2.7%). Compared with Q1 2025, it opened 40 new positions, sold out of 30, added to 126 and reduced 104. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +60%) and the biggest sale an exit from FT Vest US Eq Max Buf Feb (FEBM).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001730765
- Portfolio Value
- $333.2M (Q2 2025)
- SEC Filing
- 0001730765-25-000012 ↗ filed Dec 29, 2025
Holdings Value
Holdings 286 stocks · $333.2M
| FTSM First Trust Enh Short Mat FD | 4.66% | 259,341 | $15.5M | Reduce -5.0% |
| FIXD First Trust Smith Opportunis | 3.18% | 241,523 | $10.6M | Add +0.8% |
| FEX First Trust Large Cap Core A | 2.74% | 82,967 | $9.1M | Add +0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.74% | 14,754 | $9.1M | Reduce -8.6% |
| RDVY First Trust Rising Dividend | 2.72% | 144,621 | $9.1M | Add +5.0% |
| SDVY First Trust Smid Cap Rising | 2.41% | 227,920 | $8.0M | Add +5.8% |
| BND Vanguard Total Bond Market | 2.41% | 109,133 | $8.0M | Add +2.7% |
| QQQ Invesco QQQ Trust Series 1 | 2.06% | 12,419 | $6.9M | Add +59.8% |
| JPST JPMorgan Ultra-Short Income | 2.00% | 131,239 | $6.7M | Add +0.7% |
| IVV iShares Core S&P 500 ETF | 1.79% | 9,604 | $6.0M | Add +77.9% |
| LMBS First Trust Low Duration Opp | 1.71% | 115,777 | $5.7M | Add +3.6% |
| IWR iShares Russell Mid-Cap ETF | 1.70% | 61,508 | $5.7M | Add +2.8% |
| IWM iShares Russell 2000 ETF | 1.67% | 25,833 | $5.6M | Add +4.1% |
| BNDX Vanguard Total Intl Bond ETF | 1.63% | 109,897 | $5.4M | Add +3.3% |
| NVDA Nvidia Corp. | 1.45% | 30,472 | $4.8M | Add +12.4% |
| FTCS First Trust Capital Strength | 1.35% | 49,510 | $4.5M | Add +5.7% |
| UDEC Innovator U.S. Equity Ultra | 1.30% | 119,278 | $4.3M | Add +13.7% |
| AAPL Apple Inc. | 1.30% | 21,054 | $4.3M | Add +28.3% |
| QUAL iShares MSCI USA Quality Fac | 1.22% | 22,178 | $4.1M | Add +117.1% |
| TLT iShares 20+ Year Treasury BD | 1.17% | 44,180 | $3.9M | Add +50.0% |
| AMZN Amazon.com Inc. | 1.13% | 17,139 | $3.8M | Add +0.1% |
| SFLR Innovator Eqty MGD Floor ETF | 1.11% | 110,303 | $3.7M | Add +6.1% |
| MSFT Microsoft Corp. | 1.02% | 6,860 | $3.4M | Reduce -26.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.99% | 6,783 | $3.3M | Add +16.0% |
| VFLO Victoryshares Free Cash Flow | 0.82% | 77,550 | $2.7M | Add +9.4% |
| KNG FT Vest S&P 500 DVD Arst TRG | 0.78% | 52,648 | $2.6M | Add +69.0% |
| LLY Eli Lilly & Co. | 0.71% | 3,027 | $2.4M | Add +157.2% |
| VPLS Vanguard Core-Plus Bond ETF | 0.68% | 29,213 | $2.3M | New |
| FVD First Trust Value Line DVD | 0.64% | 47,714 | $2.1M | Reduce -5.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.64% | 4,172 | $2.1M | Reduce -4.7% |
| NJAN Innovator Growth 100 Power B | 0.62% | 40,632 | $2.1M | New |
| SNOW Snowflake Inc. | 0.61% | 9,131 | $2.0M | Reduce -25.8% |
| FDL First Trust Morn DVD Lead Inc. | 0.60% | 47,799 | $2.0M | Reduce -16.9% |
| SOFI Sofi Technologies Inc. | 0.59% | 107,325 | $2.0M | Add +44.2% |
| MOAT Vaneck Morningstar Wide Moat | 0.58% | 20,657 | $1.9M | Add +24.7% |
| AMD Advanced Micro Devices | 0.57% | 13,383 | $1.9M | Reduce -24.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.57% | 6,210 | $1.9M | New |
| JEPI JPMorgan Equity Premium Inco | 0.56% | 32,705 | $1.9M | Reduce -3.5% |
| OXFORD LANE CAP CORP | 0.56% | 441,779 | $1.9M | Add +35.9% |
| QFLR Innovator Nasdaq-100 MF ETF | 0.55% | 60,917 | $1.8M | Reduce -3.3% |
| PG The Procter & Gamble Co. | 0.54% | 11,306 | $1.8M | Add +13.5% |
| AON Aon PLC Class A | 0.53% | 4,949 | $1.8M | Add +2.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.53% | 3,981 | $1.8M | Reduce -0.3% |
| JTEK JPMorgan US Tech Leaders | 0.51% | 20,288 | $1.7M | Add +51.0% |
| RDVI FT Vest Rising Dividend Achi | 0.49% | 66,303 | $1.6M | New |
| META Meta Platforms Inc. Class A | 0.49% | 2,218 | $1.6M | Add +11.7% |
| TSLA Tesla Inc. | 0.49% | 5,146 | $1.6M | Reduce -3.7% |
| AVGO Broadcom Inc. | 0.49% | 5,914 | $1.6M | Add +167.0% |
| PTY PIMCO Corporate & Income Opp | 0.48% | 115,161 | $1.6M | Add +107.4% |
| PANW Palo Alto Networks Inc. | 0.47% | 7,719 | $1.6M | Add +11.7% |
| BKLN Invesco Senior Loan ETF | 0.47% | 75,341 | $1.6M | Reduce -22.4% |
| IGV iShares Expanded Tech-Softwa | 0.44% | 13,469 | $1.5M | Add +9.9% |
| PYPL PayPal Holdings Inc. | 0.44% | 19,810 | $1.5M | Add +12.6% |
| BX Blackstone Inc. | 0.44% | 9,785 | $1.5M | Add +5.5% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.43% | 27,911 | $1.4M | Add +2.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 4,816 | $1.4M | Reduce -0.6% |
| SGOV iShares 0-3 Month Treasury B | 0.42% | 13,747 | $1.4M | Add +123.5% |
| MBLY Mobileye Global Inc. Class A | 0.41% | 75,840 | $1.4M | Add +6.8% |
| UNH Unitedhealth Group Inc. | 0.40% | 4,245 | $1.3M | New |
| BALT Inn Defined Wealth Shield | 0.39% | 40,118 | $1.3M | Reduce -26.9% |
| DFEB FT Vest U.S. Equity Deep Buf | 0.37% | 27,645 | $1.2M | Reduce -28.9% |
| POCT Innovator U.S. Equity Power | 0.37% | 29,809 | $1.2M | Add +11.5% |
| NLY Annaly Capital Management Inc. | 0.36% | 64,607 | $1.2M | Add +20.6% |
| PLTR Palantir Technologies Inc. Class A | 0.36% | 8,866 | $1.2M | New |
| IQLT iShares MSCI International Q | 0.36% | 27,815 | $1.2M | Add +153.6% |
| PDI PIMCO Dynamic Income Fund | 0.36% | 62,799 | $1.2M | Add +27.3% |
| JAAA Janus Henderson Aaa Clo ETF | 0.35% | 23,281 | $1.2M | Reduce -16.6% |
| CFLT Confluent Inc. Class A | 0.35% | 46,550 | $1.2M | No change |
| SMTH Alps SMTH Cor BD Plus ETF | 0.33% | 42,423 | $1.1M | Reduce -53.0% |
| WCMI FT WCM International ETF | 0.32% | 67,500 | $1.1M | New |
| IOT Samsara Inc. Class A | 0.32% | 26,900 | $1.1M | No change |
| MDY State Street SPDR S&P Midcap | 0.31% | 1,842 | $1.0M | New |
| CPNG Coupang Inc. | 0.31% | 34,556 | $1.0M | Add +251.3% |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 0.31% | 128,254 | $1.0M | Reduce -2.4% |
| CIBR First Trust Nasdaq Cybersecu | 0.31% | 13,634 | $1.0M | Add +31.3% |
| GBIL Goldman Sachs Access Treasur | 0.31% | 10,244 | $1.0M | Reduce -1.8% |
| GOOGL Alphabet Inc. Class A | 0.30% | 5,729 | $1.0M | Add +2.6% |
| RYLD Global X Russell 2000 Cov Class | 0.30% | 67,118 | $1.0M | Add +105.3% |
| MAGS Roundhill Magnificent Seven | 0.30% | 17,920 | $994K | Add +18.7% |
| OBDC Blue Owl Capital Corp. | 0.30% | 68,723 | $985K | Add +3.1% |
| QYLD Global X Nasd 100 Cov Call | 0.29% | 57,320 | $958K | Add +118.6% |
| RIVN Rivian Automotive Inc. Class A | 0.29% | 69,320 | $952K | Reduce -11.7% |
| USIG iShares Broad Usd Investment | 0.28% | 18,390 | $946K | Add +2.6% |
| BTO John Hancock Financial Opp | 0.28% | 26,640 | $944K | Add +0.5% |
| SDIV Global X Superdividend ETF | 0.28% | 41,074 | $926K | Add +1.2% |
| SKYY First Trust Cloud Computing | 0.28% | 7,576 | $922K | Add +46.0% |
| SPEM State Street SP PTF Em ETF | 0.28% | 21,558 | $921K | Add +2.4% |
| CEFS Saba Opport Hedg Cef ETF-Usd | 0.28% | 41,352 | $920K | Add +5.9% |
| KHPI Kensington Hedged PRM in ETF filed as MANAGED PORTFOLIO SERIES | 0.27% | 35,786 | $905K | Add +263.5% |
| JPC Nuveen Prefered & Income Opp | 0.27% | 110,974 | $890K | Add +10.0% |
| OGN Organon & Co. | 0.26% | 90,342 | $875K | Add +109.0% |
| GME Gamestop Corp. Class A | 0.26% | 35,155 | $857K | Add +194.6% |
| SPYI Neos S&P 500 High Income ETF | 0.25% | 16,547 | $833K | Reduce -3.3% |
| FYX First Trust Small Cap Core A | 0.25% | 8,526 | $829K | Add +32.6% |
| CAG Conagra Brands Inc. | 0.25% | 40,442 | $828K | Add +18.4% |
| AGG iShares Core U.S. Aggregate | 0.25% | 8,338 | $827K | Reduce -23.5% |
| PFFD Global X US Preferred ETF | 0.25% | 43,636 | $822K | Add +3.9% |
| BCSF Bain Capital Specialty Finan | 0.24% | 54,126 | $814K | Add +3.4% |
| OKTA Okta Inc. | 0.24% | 7,955 | $795K | Add +3.5% |
| VZ Verizon Communications Inc. | 0.24% | 18,309 | $792K | Add +17.5% |
Portfolio Sells Q1 2025 → Q2 2025
| FEBM FT Vest US Eq Max Buf Feb | Sold out | 0.00% | −0.88 |
| ZFEB Inotr Eq Def PR ETF - 1 YR F | Sold out | 0.00% | −0.83 |
| FTSM First Trust Enh Short Mat FD | Reduce -5.0% | 4.66% | −0.78 |
| NJUL Innovator Growth 100 Power B | Sold out | 0.00% | −0.65 |
| SMTH Alps SMTH Cor BD Plus ETF | Reduce -53.0% | 0.33% | −0.45 |
| BMY Bristol-Myers Squibb Co. | Reduce -52.7% | 0.17% | −0.36 |
| JMEE JPM Sma & Mid Cap En Eq Et-U | Sold out | 0.00% | −0.35 |
| CELH Celsius Holdings Inc. | Reduce -69.1% | 0.18% | −0.31 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.28 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.27 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.6% | 2.74% | −0.27 |
| BA The Boeing Co. | Reduce -60.1% | 0.21% | −0.26 |
| CRM Salesforce Inc. | Reduce -73.0% | 0.08% | −0.25 |
| FDL First Trust Morn DVD Lead Inc. | Reduce -16.9% | 0.60% | −0.23 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.22 |
| IVE iShares S&P 500 Value ETF | Reduce -60.3% | 0.13% | −0.22 |
| ZS Zscaler Inc. | Reduce -80.8% | 0.08% | −0.22 |
| JPIE JPMorgan Income ETF | Reduce -56.4% | 0.14% | −0.21 |
| BKLN Invesco Senior Loan ETF | Reduce -22.4% | 0.47% | −0.20 |
| BALT Inn Defined Wealth Shield | Reduce -26.9% | 0.39% | −0.19 |
| BTAL Agf US Market Neutral Anti-B | Sold out | 0.00% | −0.19 |
| MELI MercadoLibre Inc. | Reduce -67.6% | 0.11% | −0.18 |
| DFEB FT Vest U.S. Equity Deep Buf | Reduce -28.9% | 0.37% | −0.18 |
| FNK First Trust Mid Cap Value | Reduce -70.5% | 0.07% | −0.17 |
| MSFT Microsoft Corp. | Reduce -26.7% | 1.02% | −0.15 |
| TRIN Trinity Capital Inc. | Sold out | 0.00% | −0.14 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.14 |
| MINT PIMCO Enhanced Short Maturit | Reduce -34.6% | 0.21% | −0.14 |
| GSY Invesco Ultra Short Duration | Reduce -41.7% | 0.14% | −0.13 |
| BXSL Blackstone Secured Lending F | Reduce -28.3% | 0.21% | −0.13 |
| SFLO VS SM Cap Free Cash Flow ETF | Sold out | 0.00% | −0.12 |
| SKYW Skywest Inc. | Sold out | 0.00% | −0.12 |
| DSL Doubleline Income Solutions | Reduce -44.4% | 0.11% | −0.12 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -43.4% | 0.16% | −0.12 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.12 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -16.6% | 0.35% | −0.12 |
| EAT Brinker International Inc. | Sold out | 0.00% | −0.12 |
| MU Micron Technology Inc. | Reduce -63.6% | 0.10% | −0.11 |
| SYF Synchrony Financial | Sold out | 0.00% | −0.11 |
| FVD First Trust Value Line DVD | Reduce -5.8% | 0.64% | −0.11 |
| AGG iShares Core U.S. Aggregate | Reduce -23.5% | 0.25% | −0.11 |
| IHAK iShares Cybersecurity & Tech | Sold out | 0.00% | −0.11 |
| ARCC Ares Capital Corp. | Reduce -27.4% | 0.19% | −0.10 |
| HQH Abrdn Healthcare Investors | Reduce -21.5% | 0.21% | −0.10 |
| ECC Eagle Point Credit Co. | Reduce -24.8% | 0.18% | −0.10 |
| AGNC AGNC Investment Corp. | Reduce -27.9% | 0.16% | −0.10 |
| KAPR Innovator U.S. Small Cap Pow | Sold out | 0.00% | −0.10 |
| GFEB FT Vest US Equity Moderate B | Reduce -30.1% | 0.18% | −0.09 |
| JEPI JPMorgan Equity Premium Inco | Reduce -3.5% | 0.56% | −0.09 |
| HTGC Hercules Capital Inc. | Sold out | 0.00% | −0.08 |
Portfolio Buys Q1 2025 → Q2 2025
| QQQ Invesco QQQ Trust Series 1 | Add +59.8% | 2.06% | +0.84 |
| IVV iShares Core S&P 500 ETF | Add +77.9% | 1.79% | +0.78 |
| VPLS Vanguard Core-Plus Bond ETF | New | 0.68% | +0.68 |
| QUAL iShares MSCI USA Quality Fac | Add +117.1% | 1.22% | +0.64 |
| NJAN Innovator Growth 100 Power B | New | 0.62% | +0.62 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.57% | +0.57 |
| RDVI FT Vest Rising Dividend Achi | New | 0.49% | +0.49 |
| NVDA Nvidia Corp. | Add +12.4% | 1.45% | +0.47 |
| UNH Unitedhealth Group Inc. | New | 0.40% | +0.40 |
| LLY Eli Lilly & Co. | Add +157.2% | 0.71% | +0.38 |
| AVGO Broadcom Inc. | Add +167.0% | 0.49% | +0.37 |
| PLTR Palantir Technologies Inc. Class A | New | 0.36% | +0.36 |
| WCMI FT WCM International ETF | New | 0.32% | +0.32 |
| MDY State Street SPDR S&P Midcap | New | 0.31% | +0.31 |
| SOFI Sofi Technologies Inc. | Add +44.2% | 0.59% | +0.30 |
| TLT iShares 20+ Year Treasury BD | Add +50.0% | 1.17% | +0.28 |
| KNG FT Vest S&P 500 DVD Arst TRG | Add +69.0% | 0.78% | +0.25 |
| CPNG Coupang Inc. | Add +251.3% | 0.31% | +0.24 |
| CRDO Credo Technology Group Holdi | New | 0.22% | +0.22 |
| IQLT iShares MSCI International Q | Add +153.6% | 0.36% | +0.22 |
| JTEK JPMorgan US Tech Leaders | Add +51.0% | 0.51% | +0.21 |
| PTY PIMCO Corporate & Income Opp | Add +107.4% | 0.48% | +0.21 |
| SGOV iShares 0-3 Month Treasury B | Add +123.5% | 0.42% | +0.21 |
| GJAN FT Vest US Equity Moderate B | New | 0.21% | +0.21 |
| GLDM SPDR Gold Minishares Trust | New | 0.20% | +0.20 |
| KHPI Kensington Hedged PRM in ETF | Add +263.5% | 0.27% | +0.19 |
| SG Sweetgreen Inc. Class A | New | 0.19% | +0.19 |
| GOCT FT Vest US Equity Moderate B | New | 0.17% | +0.17 |
| GME Gamestop Corp. Class A | Add +194.6% | 0.26% | +0.17 |
| CCL Carnival Corp. | New | 0.16% | +0.16 |
| STRL Sterling Infrastructure Inc. | New | 0.15% | +0.15 |
| DKNG Draftkings Inc. Class A | New | 0.15% | +0.15 |
| QYLD Global X Nasd 100 Cov Call | Add +118.6% | 0.29% | +0.14 |
| XYLD Global X S&P 500 Cove Call E | Add +188.8% | 0.22% | +0.14 |
| RYLD Global X Russell 2000 Cov Class | Add +105.3% | 0.30% | +0.14 |
| QYLG Global X Nasdaq 100 Covc GRW | New | 0.13% | +0.13 |
| RYLG Global X Russ 2000 CC & GR | New | 0.13% | +0.13 |
| ALL Allstate Corp. | New | 0.13% | +0.13 |
| ARQT Arcutis Biotherapeutics Inc. | New | 0.12% | +0.12 |
| VBIL Vanguard 0-3M T-Bill ETF | New | 0.12% | +0.12 |
| EZPW Ezcorp Inc. Class A | New | 0.12% | +0.12 |
| FTQI First Trust Nasdaq Buywrite | Add +199.5% | 0.18% | +0.11 |
| META Meta Platforms Inc. Class A | Add +11.7% | 0.49% | +0.11 |
| UDEC Innovator U.S. Equity Ultra | Add +13.7% | 1.30% | +0.11 |
| SKYY First Trust Cloud Computing | Add +46.0% | 0.28% | +0.10 |
| FDN First Trust DJ Internet Ind | New | 0.10% | +0.10 |
| OHI Omega Healthcare Investors | New | 0.10% | +0.10 |
| MOAT Vaneck Morningstar Wide Moat | Add +24.7% | 0.58% | +0.10 |
| CIBR First Trust Nasdaq Cybersecu | Add +31.3% | 0.31% | +0.09 |
| FPX First Trust US Equity Opport | New | 0.09% | +0.09 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,852 | $552.0M | AAPL, SPY, RDVY, FIXD, VFLO |
| Q1 2026 | 1,827 | $485.7M | AAPL, SPY, FIXD, FTSM, RDVY |
| Q4 2025 | 1,762 | $462.8M | AAPL, FTSM, SPY, FIXD, RDVY |
| Q3 2025Amended | 314 | $370.7M | FTSM, FIXD, RDVY, FTCS, BND |
| Q2 2025Amended | 286 | $333.2M | FTSM, FIXD, FEX, SPY, RDVY |
| Q1 2025 | 276 | $300.2M | FTSM, FIXD, SPY, FEX, RDVY |
| Q4 2024 | 273 | $292.2M | FTSM, FIXD, SPY, FEX, SDVY |
| Q3 2024 | 265 | $280.6M | FTSM, FIXD, SPY, FEX, BND |
| Q2 2024 | 240 | $256.1M | FTSM, FIXD, FPE, FEX, SPY |
| Q1 2024 | 225 | $245.3M | FTSM, JPST, FIXD, FPE, FEX |