Triumph Capital Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed December 23, 2025), Triumph Capital Management reported 314 stock positions worth $370.7 million. Its top holding was First Trust Enh Short Mat FD (FTSM) at 3.6% of the portfolio, followed by First Trust Smith Opportunis (FIXD, 2.7%) and First Trust Rising Dividend (RDVY, 2.5%). Compared with Q2 2025, it opened 51 new positions, sold out of 23, added to 148 and reduced 101. The biggest buy was First Trust Morn DVD Lead (FDL, shares +215%) and the biggest sale First Trust Enh Short Mat FD (FTSM, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001730765
- Portfolio Value
- $370.7M (Q3 2025)
- SEC Filing
- 0001730765-25-000011 ↗ filed Dec 23, 2025
Holdings Value
Holdings 314 stocks · $370.7M
| FTSM First Trust Enh Short Mat FD | 3.57% | 220,716 | $13.2M | Reduce -14.9% |
| FIXD First Trust Smith Opportunis | 2.75% | 229,095 | $10.2M | Reduce -5.2% |
| RDVY First Trust Rising Dividend | 2.46% | 135,470 | $9.1M | Reduce -6.3% |
| FTCS First Trust Capital Strength | 2.30% | 91,042 | $8.5M | Add +83.9% |
| BND Vanguard Total Bond Market | 2.23% | 111,347 | $8.3M | Add +2.0% |
| SDVY First Trust Smid Cap Rising | 2.18% | 212,111 | $8.1M | Reduce -6.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.90% | 10,577 | $7.0M | Reduce -28.3% |
| JPST JPMorgan Ultra-Short Income | 1.86% | 136,061 | $6.9M | Add +3.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.85% | 11,434 | $6.9M | Reduce -7.9% |
| IVV iShares Core S&P 500 ETF | 1.79% | 9,927 | $6.6M | Add +3.4% |
| FDL First Trust Morn DVD Lead Inc. | 1.76% | 150,491 | $6.5M | Add +214.8% |
| LMBS First Trust Low Duration Opp | 1.76% | 131,094 | $6.5M | Add +13.2% |
| FEX First Trust Large Cap Core A | 1.68% | 53,192 | $6.2M | Reduce -35.9% |
| NVDA Nvidia Corp. | 1.53% | 30,463 | $5.7M | Reduce -0.0% |
| IWR iShares Russell Mid-Cap ETF | 1.52% | 58,333 | $5.6M | Reduce -5.2% |
| BNDX Vanguard Total Intl Bond ETF | 1.52% | 113,769 | $5.6M | Add +3.5% |
| IWM iShares Russell 2000 ETF | 1.34% | 20,531 | $5.0M | Reduce -20.5% |
| XLP SS Consumer Staples Sel Sect | 1.33% | 62,757 | $4.9M | Add +777.8% |
| TLT iShares 20+ Year Treasury BD | 1.27% | 52,699 | $4.7M | Add +19.3% |
| UDEC Innovator U.S. Equity Ultra | 1.23% | 118,671 | $4.6M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 1.20% | 20,242 | $4.4M | Add +18.1% |
| QUAL iShares MSCI USA Quality Fac | 1.18% | 22,534 | $4.4M | Add +1.6% |
| SFLR Innovator Eqty MGD Floor ETF | 1.18% | 121,190 | $4.4M | Add +9.9% |
| AAPL Apple Inc. | 1.10% | 16,057 | $4.1M | Reduce -23.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.04% | 7,660 | $3.9M | Add +12.9% |
| MSFT Microsoft Corp. | 0.93% | 6,687 | $3.5M | Reduce -2.5% |
| VFLO Victoryshares Free Cash Flow | 0.91% | 90,055 | $3.4M | Add +16.1% |
| SOFI Sofi Technologies Inc. | 0.90% | 126,915 | $3.4M | Add +18.3% |
| LLY Eli Lilly & Co. | 0.89% | 4,313 | $3.3M | Add +42.5% |
| KNG FT Vest S&P 500 DVD Arst TRG | 0.83% | 62,349 | $3.1M | Add +18.4% |
| PLTR Palantir Technologies Inc. Class A | 0.78% | 15,916 | $2.9M | Add +79.5% |
| SPYI Neos S&P 500 High Income ETF | 0.74% | 52,601 | $2.8M | Add +217.9% |
| MOAT Vaneck Morningstar Wide Moat | 0.69% | 25,711 | $2.5M | Add +24.5% |
| VPLS Vanguard Core-Plus Bond ETF | 0.68% | 32,078 | $2.5M | Add +9.8% |
| QFLR Innovator Nasdaq-100 MF ETF | 0.67% | 75,100 | $2.5M | Add +23.3% |
| KHPI Kensington Hedged PRM in ETF filed as MANAGED PORTFOLIO SERIES | 0.67% | 96,738 | $2.5M | Add +170.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.65% | 30,756 | $2.4M | New |
| FVD First Trust Value Line DVD | 0.64% | 51,352 | $2.4M | Add +7.6% |
| NJAN Innovator Growth 100 Power B | 0.61% | 42,290 | $2.2M | Add +4.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.59% | 6,623 | $2.2M | Add +6.7% |
| UNH Unitedhealth Group Inc. | 0.56% | 6,045 | $2.1M | Add +42.4% |
| SNOW Snowflake Inc. | 0.56% | 9,199 | $2.1M | Add +0.7% |
| PG The Procter & Gamble Co. | 0.55% | 13,348 | $2.1M | Add +18.1% |
| AVGO Broadcom Inc. | 0.53% | 5,997 | $2.0M | Add +1.4% |
| JEPI JPMorgan Equity Premium Inco | 0.53% | 34,123 | $1.9M | Add +4.3% |
| JTEK JPMorgan US Tech Leaders | 0.51% | 20,724 | $1.9M | Add +2.1% |
| BALT Inn Defined Wealth Shield | 0.51% | 57,879 | $1.9M | Add +44.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.49% | 3,917 | $1.8M | Reduce -1.6% |
| RDVI FT Vest Rising Dividend Achi | 0.49% | 69,780 | $1.8M | Add +5.2% |
| AON Aon PLC Class A | 0.48% | 4,949 | $1.8M | No change |
| VZ Verizon Communications Inc. | 0.47% | 39,998 | $1.8M | Add +118.5% |
| AMD Advanced Micro Devices | 0.47% | 10,856 | $1.8M | Reduce -18.9% |
| META Meta Platforms Inc. Class A | 0.45% | 2,276 | $1.7M | Add +2.6% |
| TSPY Tappalpha S&P 500 GR & Di-US | 0.44% | 64,312 | $1.6M | New |
| PANW Palo Alto Networks Inc. | 0.44% | 7,998 | $1.6M | Add +3.6% |
| IGV iShares Expanded Tech-Softwa | 0.44% | 14,047 | $1.6M | Add +4.3% |
| BX Blackstone Inc. | 0.43% | 9,426 | $1.6M | Reduce -3.7% |
| RIVN Rivian Automotive Inc. Class A | 0.42% | 106,126 | $1.6M | Add +53.1% |
| TSLA Tesla Inc. | 0.41% | 3,436 | $1.5M | Reduce -33.2% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.40% | 28,619 | $1.5M | Add +2.5% |
| MDY State Street SPDR S&P Midcap | 0.40% | 2,465 | $1.5M | Add +33.8% |
| MBLY Mobileye Global Inc. Class A | 0.38% | 100,324 | $1.4M | Add +32.3% |
| PTY PIMCO Corporate & Income Opp | 0.37% | 95,106 | $1.4M | Reduce -17.4% |
| SGOV iShares 0-3 Month Treasury B | 0.37% | 13,637 | $1.4M | Reduce -0.8% |
| PYPL PayPal Holdings Inc. | 0.37% | 20,444 | $1.4M | Add +3.2% |
| FYX First Trust Small Cap Core A | 0.36% | 12,414 | $1.4M | Add +45.6% |
| NLY Annaly Capital Management Inc. | 0.36% | 66,335 | $1.3M | Add +2.7% |
| ORCL Oracle Corp. | 0.36% | 4,708 | $1.3M | Add +135.9% |
| IQLT iShares MSCI International Q | 0.35% | 29,216 | $1.3M | Add +5.0% |
| PDI PIMCO Dynamic Income Fund | 0.35% | 65,140 | $1.3M | Add +3.7% |
| BKLN Invesco Senior Loan ETF | 0.34% | 60,731 | $1.3M | Reduce -19.4% |
| CRWV Coreweave Inc. Class A | 0.33% | 9,007 | $1.2M | New |
| OKTA Okta Inc. | 0.31% | 12,725 | $1.2M | Add +60.0% |
| CPNG Coupang Inc. | 0.31% | 36,215 | $1.2M | Add +4.8% |
| PDO PIMCO Dynamic Income Opport | 0.31% | 81,005 | $1.1M | Add +38.5% |
| WCMI FT WCM International ETF | 0.31% | 67,500 | $1.1M | No change |
| RYLD Global X Russell 2000 Cov Class | 0.30% | 74,813 | $1.1M | Add +11.5% |
| MINT PIMCO Enhanced Short Maturit | 0.30% | 10,991 | $1.1M | Add +61.0% |
| JAAA Janus Henderson Aaa Clo ETF | 0.29% | 21,529 | $1.1M | Reduce -7.5% |
| SMTH Alps SMTH Cor BD Plus ETF | 0.29% | 41,490 | $1.1M | Reduce -2.2% |
| CIBR First Trust Nasdaq Cybersecu | 0.29% | 14,184 | $1.1M | Add +4.0% |
| SKYY First Trust Cloud Computing | 0.29% | 7,988 | $1.1M | Add +5.4% |
| QYLD Global X Nasd 100 Cov Call | 0.28% | 61,967 | $1.1M | Add +8.1% |
| SPEM State Street SP PTF Em ETF | 0.28% | 22,147 | $1.0M | Add +2.7% |
| GBIL Goldman Sachs Access Treasur | 0.27% | 10,061 | $1.0M | Reduce -1.8% |
| CEFS Saba Opport Hedg Cef ETF-Usd | 0.27% | 44,248 | $1.0M | Add +7.0% |
| ALL Allstate Corp. | 0.27% | 4,589 | $985K | Add +121.8% |
| OBDC Blue Owl Capital Corp. | 0.26% | 76,773 | $980K | Add +11.7% |
| USIG iShares Broad Usd Investment | 0.26% | 18,750 | $979K | Add +2.0% |
| GME Gamestop Corp. Class A | 0.26% | 35,518 | $969K | Add +1.0% |
| UBER Uber Technologies Inc. | 0.26% | 9,777 | $958K | Add +40.4% |
| PFFD Global X US Preferred ETF | 0.25% | 46,902 | $911K | Add +7.5% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 20,195 | $911K | Add +62.9% |
| BCSF Bain Capital Specialty Finan | 0.24% | 62,778 | $895K | Add +16.0% |
| TGT Target Corp. | 0.23% | 9,579 | $859K | New |
| HQH Abrdn Healthcare Investors | 0.23% | 46,442 | $857K | Add +3.2% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.22% | 51,889 | $831K | Add +1.1% |
| BCX BlackRock Resources & Commod | 0.22% | 80,973 | $823K | Add +7.1% |
| RVT Royce Small-Cap Trust Inc. | 0.22% | 51,034 | $823K | Add +1.4% |
| XYLD Global X S&P 500 Cove Call E | 0.22% | 20,945 | $822K | Add +9.6% |
Options reported separately and not counted above: TARGET CORP calls ($1.3M), MOBILEYE GLOBAL INC calls ($600K), GAMESTOP CORP calls ($218K), COREWEAVE INC calls ($55K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 27,292 | $2K | Add +4.6% |
Total filed on the 13F, all lines: $370.7M.
Portfolio Sells Q2 2025 → Q3 2025
| FTSM First Trust Enh Short Mat FD | Reduce -14.9% | 3.57% | −1.09 |
| FEX First Trust Large Cap Core A | Reduce -35.9% | 1.68% | −1.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -28.3% | 1.90% | −0.84 |
| OXFORD LANE CAP CORP | Sold out | 0.00% | −0.56 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -68.8% | 0.17% | −0.47 |
| FIXD First Trust Smith Opportunis | Reduce -5.2% | 2.75% | −0.44 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.35 |
| IBM Intl Business Machines Corp. | Reduce -78.4% | 0.08% | −0.35 |
| IWM iShares Russell 2000 ETF | Reduce -20.5% | 1.34% | −0.33 |
| CALY Callaway Golf Company | Sold out | 0.00% | −0.31 |
| DFEB FT Vest U.S. Equity Deep Buf | Reduce -71.4% | 0.10% | −0.27 |
| RDVY First Trust Rising Dividend | Reduce -6.3% | 2.46% | −0.27 |
| POCT Innovator U.S. Equity Power | Reduce -67.8% | 0.11% | −0.26 |
| SDVY First Trust Smid Cap Rising | Reduce -6.9% | 2.18% | −0.24 |
| OGN Organon & Co. | Reduce -86.9% | 0.03% | −0.23 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −0.22 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -7.9% | 1.85% | −0.20 |
| AAPL Apple Inc. | Reduce -23.7% | 1.10% | −0.19 |
| AGG iShares Core U.S. Aggregate | Reduce -74.4% | 0.06% | −0.19 |
| IWR iShares Russell Mid-Cap ETF | Reduce -5.2% | 1.52% | −0.18 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.16 |
| IOT Samsara Inc. Class A | Reduce -37.5% | 0.17% | −0.15 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.15 |
| MFC Manulife Financial Corp. | Sold out | 0.00% | −0.13 |
| BKLN Invesco Senior Loan ETF | Reduce -19.4% | 0.34% | −0.13 |
| MAGS Roundhill Magnificent Seven | Reduce -46.2% | 0.17% | −0.13 |
| SMH Vaneck Semiconductor ETF | Reduce -57.4% | 0.10% | −0.12 |
| ARQT Arcutis Biotherapeutics Inc. | Sold out | 0.00% | −0.12 |
| CAG Conagra Brands Inc. | Reduce -35.8% | 0.13% | −0.12 |
| PPC Pilgrim's Pride Corp. | Sold out | 0.00% | −0.12 |
| GOOGL Alphabet Inc. Class A | Reduce -50.1% | 0.19% | −0.12 |
| DHDG FT US Eqty Q 2.5-15 Buff ETF | Sold out | 0.00% | −0.12 |
| PTY PIMCO Corporate & Income Opp | Reduce -17.4% | 0.37% | −0.11 |
| ECC Eagle Point Credit Co. | Reduce -46.4% | 0.07% | −0.10 |
| CELH Celsius Holdings Inc. | Reduce -60.6% | 0.08% | −0.10 |
| AMD Advanced Micro Devices | Reduce -18.9% | 0.47% | −0.10 |
| BTO John Hancock Financial Opp | Reduce -27.4% | 0.19% | −0.10 |
| SDIV Global X Superdividend ETF | Reduce -31.0% | 0.18% | −0.09 |
| MSFT Microsoft Corp. | Reduce -2.5% | 0.93% | −0.09 |
| HUM Humana Inc. | Reduce -53.8% | 0.07% | −0.09 |
| TWO Two Harbors Investment Corp. | Sold out | 0.00% | −0.09 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.08 |
| IXC iShares Global Energy ETF | Sold out | 0.00% | −0.08 |
| TSLA Tesla Inc. | Reduce -33.2% | 0.41% | −0.08 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.08 |
| UDEC Innovator U.S. Equity Ultra | Reduce -0.5% | 1.23% | −0.08 |
| JPC Nuveen Prefered & Income Opp | Reduce -21.6% | 0.19% | −0.07 |
| CGBD Carlyle Secured Lending Inc. | Reduce -22.1% | 0.13% | −0.07 |
| IYK iShares US Consumer Staples | Sold out | 0.00% | −0.07 |
| PFE Pfizer Inc. | Reduce -50.4% | 0.06% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| FDL First Trust Morn DVD Lead Inc. | Add +214.8% | 1.76% | +1.16 |
| XLP SS Consumer Staples Sel Sect | Add +777.8% | 1.33% | +1.15 |
| FTCS First Trust Capital Strength | Add +83.9% | 2.30% | +0.95 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.65% | +0.65 |
| SPYI Neos S&P 500 High Income ETF | Add +217.9% | 0.74% | +0.49 |
| TSPY Tappalpha S&P 500 GR & Di-US | New | 0.44% | +0.44 |
| PLTR Palantir Technologies Inc. Class A | Add +79.5% | 0.78% | +0.42 |
| KHPI Kensington Hedged PRM in ETF | Add +170.3% | 0.67% | +0.39 |
| CRWV Coreweave Inc. Class A | New | 0.33% | +0.33 |
| SOFI Sofi Technologies Inc. | Add +18.3% | 0.90% | +0.32 |
| VZ Verizon Communications Inc. | Add +118.5% | 0.47% | +0.24 |
| TGT Target Corp. | New | 0.23% | +0.23 |
| ORCL Oracle Corp. | Add +135.9% | 0.36% | +0.23 |
| NEOS ENHANCED INCOME CREDIT SELECT ETF | New | 0.21% | +0.21 |
| DE Deere & Co. | New | 0.20% | +0.20 |
| LYFT LYFT Inc. Class A | New | 0.20% | +0.20 |
| LLY Eli Lilly & Co. | Add +42.5% | 0.89% | +0.18 |
| SSRM SSR Mining Inc. | New | 0.17% | +0.17 |
| UNH Unitedhealth Group Inc. | Add +42.4% | 0.56% | +0.17 |
| ALL Allstate Corp. | Add +121.8% | 0.27% | +0.14 |
| RIVN Rivian Automotive Inc. Class A | Add +53.1% | 0.42% | +0.13 |
| LRN Stride Inc. | New | 0.13% | +0.13 |
| BALT Inn Defined Wealth Shield | Add +44.3% | 0.51% | +0.13 |
| QFLR Innovator Nasdaq-100 MF ETF | Add +23.3% | 0.67% | +0.13 |
| POWL Powell Industries Inc. | New | 0.12% | +0.12 |
| BLBD Blue Bird Corp. | New | 0.12% | +0.12 |
| APP AppLovin Corp. Class A | Add +38.8% | 0.20% | +0.12 |
| TTD Trade Desk Inc./the Class A | New | 0.12% | +0.12 |
| VISN Vistance Networks Inc. | New | 0.12% | +0.12 |
| CALM Cal-Maine Foods Inc. | New | 0.12% | +0.12 |
| FYX First Trust Small Cap Core A | Add +45.6% | 0.36% | +0.12 |
| SYF Synchrony Financial | New | 0.11% | +0.11 |
| UPS United Parcel Service Class B | New | 0.11% | +0.11 |
| DXPE DXP Enterprises Inc. | New | 0.11% | +0.11 |
| MOAT Vaneck Morningstar Wide Moat | Add +24.5% | 0.69% | +0.11 |
| EPR Epr Properties | New | 0.11% | +0.11 |
| SKYW Skywest Inc. | New | 0.10% | +0.10 |
| VICI Vici Properties Inc. | New | 0.10% | +0.10 |
| OMF Onemain Holdings Inc. | New | 0.10% | +0.10 |
| TLT iShares 20+ Year Treasury BD | Add +19.3% | 1.27% | +0.10 |
| ALEX Alexander & Baldwin Inc. | New | 0.10% | +0.10 |
| SHIP Seanergy Maritime Holdings | New | 0.10% | +0.10 |
| MINT PIMCO Enhanced Short Maturit | Add +61.0% | 0.30% | +0.09 |
| EAT Brinker International Inc. | New | 0.09% | +0.09 |
| LTC LTC Properties Inc. | New | 0.09% | +0.09 |
| VFLO Victoryshares Free Cash Flow | Add +16.1% | 0.91% | +0.09 |
| COIN Coinbase Global Inc. Class A | New | 0.08% | +0.08 |
| IMAX Imax Corp. | New | 0.08% | +0.08 |
| MDY State Street SPDR S&P Midcap | Add +33.8% | 0.40% | +0.08 |
| ONT Onterris Inc. | New | 0.08% | +0.08 |
Options Activity Q2 2025 → Q3 2025
| TARGET CORP | call | New | 15,000 | $1.3M |
| MOBILEYE GLOBAL INC | call | New | 42,500 | $600K |
| GAMESTOP CORP | call | New | 8,000 | $218K |
| COREWEAVE INC | call | New | 400 | $55K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Add +4.6% | 27,292 | $2K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |