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

0$200.0M$400.0M$600.0M Q1 2024: $245.3M Q1 2024 Q2 2024: $256.1M Q2 2024 Q3 2024: $280.6M Q3 2024 Q4 2024: $292.2M Q4 2024 Q1 2025: $300.2M Q1 2025 Q2 2025: $333.2M Q2 2025 Q3 2025: $370.7M $370.7M Q3 2025 Q4 2025: $462.8M Q4 2025 Q1 2026: $485.7M Q1 2026 Q2 2026: $552.0M Q2 2026

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%
SG Sweetgreen Inc. Class A 0.22% 102,319 $817K Add +142.3%
GLDM SPDR Gold Minishares Trust 0.22% 10,641 $814K Add +2.6%
JPIE JPMorgan Income ETF 0.21% 17,166 $797K Add +75.4%
USA Liberty All Star Equity Fund 0.21% 125,609 $796K Add +17.5%
GBDC Golub Capital BDC Inc. 0.21% 58,034 $794K Add +11.6%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.21% 13,750 $791K Add +5.3%
BITO Proshares Bitcoin ETF-Usd 0.21% 40,061 $788K Add +11.8%
NEOS ENHANCED INCOME CREDIT SELECT ETF 0.21% 15,270 $774K New
VBIL Vanguard 0-3M T-Bill ETF 0.20% 9,931 $751K Add +83.1%
FGD First Trust DJ GL Sel DVD 0.20% 26,079 $750K Reduce -0.6%
DE Deere & Co. 0.20% 1,637 $749K New
GJAN FT Vest US Equity Moderate B 0.20% 17,757 $740K Add +3.3%
SHOP Shopify Inc. Class A 0.20% 4,972 $739K Reduce -15.0%
APP AppLovin Corp. Class A 0.20% 1,027 $738K Add +38.8%
VCIT Vanguard Int-Term Corporate 0.20% 8,650 $728K Add +0.2%
LYFT LYFT Inc. Class A 0.20% 32,992 $726K New
UTF Cohen & Steers Infrastructur 0.20% 29,270 $726K Add +12.2%
JPC Nuveen Prefered & Income Opp 0.19% 87,033 $714K Reduce -21.6%
GFEB FT Vest US Equity Moderate B 0.19% 17,412 $706K Add +10.9%
S Sentinelone Inc. Class A 0.19% 39,927 $703K Add +19.3%
BXSL Blackstone Secured Lending F 0.19% 26,746 $697K Add +20.2%
BTO John Hancock Financial Opp 0.19% 19,333 $696K Reduce -27.4%
GOOGL Alphabet Inc. Class A 0.19% 2,861 $695K Reduce -50.1%
APO Apollo Global Management Inc. 0.19% 5,200 $693K Reduce -3.2%
FDX FedEx Corp. 0.19% 2,917 $688K No change
SDIV Global X Superdividend ETF 0.18% 28,327 $679K Reduce -31.0%
XAI OCTAGN FLT RAT & ALT INM 0.18% 127,145 $674K Add +24.1%
XLSR SS US Sector Rotation 0.18% 11,297 $673K Add +0.9%
VOO Vanguard S&P 500 ETF 0.18% 1,082 $663K Reduce -16.2%
FTQI First Trust Nasdaq Buywrite 0.18% 32,074 $661K Add +5.4%
ALB Albemarle Corp. 0.18% 8,100 $657K Reduce -3.6%
KBWD Invesco KBW High Dividend Yi 0.18% 48,004 $649K Add +14.9%
SLRC SLR Investment Corp. 0.17% 42,394 $648K Add +10.9%
CRWD CrowdStrike Holdings Inc. Class A 0.17% 1,303 $639K Reduce -68.8%
IOT Samsara Inc. Class A 0.17% 16,800 $626K Reduce -37.5%
WFC Wells Fargo & Co. 0.17% 7,462 $626K No change
MAGS Roundhill Magnificent Seven 0.17% 9,634 $625K Reduce -46.2%
SSRM SSR Mining Inc. 0.17% 25,253 $616K New
ARCC Ares Capital Corp. 0.16% 29,783 $608K Add +3.2%
GOCT FT Vest US Equity Moderate B 0.16% 15,835 $607K Add +0.5%
MARM Ftvestus Max Buff ETF March 0.16% 18,595 $606K Reduce -0.3%
ARI Apollo Commercial Real Estat 0.16% 59,535 $603K Add +8.7%
AGNC AGNC Investment Corp. 0.16% 60,724 $594K Add +4.0%
JBBB Janus Henderson B-BBB Clo Et 0.16% 12,304 $593K Add +6.0%
BIL SS SPDR BB 1-3M T-Bill ETF 0.16% 6,326 $580K Reduce -7.2%
VYM Vanguard High DVD Yield ETF 0.15% 4,056 $572K Add +3.0%
XLE SS Energy Select Sector 0.15% 6,399 $572K Reduce -22.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.15% 4,991 $571K Reduce -3.7%
CLS Celestica Inc. 0.15% 2,302 $567K Reduce -39.7%
IBB iShares Biotechnology ETF 0.15% 3,879 $560K Reduce -16.4%
MU Micron Technology Inc. 0.15% 3,267 $547K Add +21.4%
OXY Occidental Petroleum Corp. 0.15% 11,428 $540K Add +8.6%
DIV Global X Superdividend Use 0.14% 30,016 $531K Add +1.7%
TOST Toast Inc. Class A 0.14% 14,519 $530K Add +15.8%
BA The Boeing Co. 0.14% 2,388 $515K Reduce -27.5%
GSY Invesco Ultra Short Duration 0.14% 10,110 $508K Add +6.0%
EZPW Ezcorp Inc. Class A 0.14% 26,634 $507K Reduce -7.1%
FPX First Trust US Equity Opport 0.13% 3,009 $500K Add +44.0%
SHV iShares 0-1 Year Treasury Bo 0.13% 4,513 $499K Reduce -0.6%
STRL Sterling Infrastructure Inc. 0.13% 1,462 $497K Reduce -32.1%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.13% 3,212 $496K Add +9.1%
CGBD Carlyle Secured Lending Inc. 0.13% 38,812 $485K Reduce -22.1%
THQ Abrdn Healthcare Opport 0.13% 27,990 $484K Add +22.3%
SPDW Ste STR SPDR PT DW Eu ETF 0.13% 11,180 $478K Reduce -12.7%
QYLG Global X Nasdaq 100 Covc GRW 0.13% 16,299 $478K Add +4.6%
PFFA Virtus Infracap US Pref STCK 0.13% 21,936 $476K Add +2.4%
CAG Conagra Brands Inc. 0.13% 25,977 $476K Reduce -35.8%
GOOG Alphabet Inc. Class C 0.13% 1,947 $474K Add +14.6%
LRN Stride Inc. 0.13% 3,176 $473K New
BIZD Vaneck BDC Income ETF 0.13% 31,485 $470K Add +6.1%
ZALT Innovator US Eq 10 Buffer 0.13% 14,744 $470K Reduce -26.5%
RYLG Global X Russ 2000 CC & GR 0.13% 20,754 $468K Add +5.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.13% 4,198 $468K Add +2.0%
INTC Intel Corp. 0.13% 13,911 $467K Reduce -45.6%
POWL Powell Industries Inc. 0.12% 1,517 $462K New
BLBD Blue Bird Corp. 0.12% 8,001 $460K New
JPM JPMorgan Chase & Co. 0.12% 1,449 $457K Add +1.8%
FOUR SHIFT4 Payments Inc. Class A 0.12% 5,876 $455K Add +19.0%
COWZ Pacer US Cash Cows 100 ETF 0.12% 7,903 $454K Add +25.1%
JNJ Johnson & Johnson 0.12% 2,444 $453K Reduce -25.0%
NLR Vaneck Urani & Nuclr ETF-Usd 0.12% 3,324 $451K Add +6.3%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.12% 9,033 $443K New
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 0.12% 28,294 $438K New
IVE iShares S&P 500 Value ETF 0.12% 2,117 $437K Reduce -2.4%
AMGN Amgen Inc. 0.12% 1,543 $435K Add +58.4%
CALM Cal-Maine Foods Inc. 0.12% 4,619 $435K New
MAIN Main Street Capital Corp. 0.12% 6,720 $427K Reduce -19.1%
MCD McDonald's Corp. 0.11% 1,397 $424K Add +11.5%
CCL Carnival Corp. 0.11% 14,519 $420K Reduce -22.8%
SMCI Super Micro Computer Inc. 0.11% 8,700 $417K Add +6.1%
POCT Innovator U.S. Equity Power 0.11% 9,594 $414K Reduce -67.8%
SYF Synchrony Financial 0.11% 5,819 $413K New
BCE Bce Inc. 0.11% 17,522 $410K Reduce -22.1%
FDN First Trust DJ Internet Ind 0.11% 1,464 $410K Add +19.3%
NFLX Netflix Inc. 0.11% 341 $409K Add +0.6%
TLTW iShares 20+ Bond Buywrite 0.11% 17,343 $405K Add +24.7%
JXN Jackson Financial Inc. Class A 0.11% 4,003 $405K Add +0.3%
UPS United Parcel Service Class B 0.11% 4,738 $396K New
QBUF Innv Nasdaq -100 10 B - QRT 0.11% 13,751 $395K Add +8.0%
DXPE DXP Enterprises Inc. 0.11% 3,315 $395K New
GCOW Pacer Global Cash Cows Divid 0.11% 9,920 $393K Add +19.4%
GOVT iShares US Treasury Bond ETF 0.11% 16,910 $391K Reduce -2.2%
EPR Epr Properties filed as EPR PPTYS 0.11% 6,734 $391K New
DSL Doubleline Income Solutions 0.10% 31,671 $389K Add +2.6%
SKYW Skywest Inc. 0.10% 3,851 $387K New
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.10% 11,807 $385K New
SPTM SS SPDR P S&P 1500 Comp ETF 0.10% 4,729 $381K Reduce -1.7%
OMF Onemain Holdings Inc. 0.10% 6,713 $379K New
COST Costco Wholesale Corp. 0.10% 408 $377K Add +36.9%
SMH Vaneck Semiconductor ETF 0.10% 1,146 $374K Reduce -57.4%
SCHW Schwab (charles) Corp. 0.10% 3,888 $371K Reduce -0.2%
XLV SS Health Care Select Sector 0.10% 2,656 $370K Reduce -34.6%
THW Abrdn World Healthcare Fund 0.10% 29,203 $368K Add +1.6%
GILD Gilead Sciences Inc. 0.10% 3,314 $368K Add +16.5%
DFEB FT Vest U.S. Equity Deep Buf 0.10% 7,901 $368K Reduce -71.4%
IWO iShares Russell 2000 Growth 0.10% 1,144 $366K Add +4.1%
XME SS SPDR S&P Metals Mining 0.10% 3,916 $365K Reduce -0.7%
SPSM SS SPDR P S&P 600 Small Cap 0.10% 7,794 $361K Add +47.0%
ALEX Alexander & Baldwin Inc. 0.10% 19,524 $355K New
SHIP Seanergy Maritime Holdings 0.10% 42,919 $355K New
ALTY Global X Alternative Income 0.10% 29,730 $353K Add +1.0%
SILA Sila Realty Trust Inc. 0.09% 13,694 $344K Reduce -7.5%
EAT Brinker International Inc. 0.09% 2,695 $341K New
MELI MercadoLibre Inc. 0.09% 146 $341K No change
SGDJ Sprott Jr. Gold Miners ETF 0.09% 4,690 $337K Reduce -19.5%
LTC LTC Properties Inc. filed as LTC PPTYS INC 0.09% 9,077 $335K New
UTG Reaves Utility Income Fund 0.09% 8,399 $333K Add +5.2%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.09% 4,137 $331K Reduce -0.2%
CRM Salesforce Inc. 0.09% 1,389 $329K Add +39.0%
XEL Xcel Energy Inc. 0.09% 4,072 $328K Add +1.8%
JOET Virtus Terranova US Qual Mom 0.09% 7,635 $328K Add +8.1%
XLK SS Technology Select Sector 0.09% 1,138 $321K Reduce -32.0%
GJUL FT Vest US Equity Moderate B 0.08% 7,740 $314K No change
COIN Coinbase Global Inc. Class A 0.08% 925 $312K New
IMAX Imax Corp. 0.08% 9,508 $311K New
ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP 0.08% 11,209 $308K New
T AT&T Inc. 0.08% 10,895 $308K Reduce -28.7%
MRK Merck & Co. Inc. 0.08% 3,572 $300K Reduce -17.4%
PEP Pepsico Inc. 0.08% 2,125 $298K New
TYLG Global X Inf Tech Cov Call 0.08% 8,280 $296K New
MET Metlife Inc. 0.08% 3,570 $294K Add +4.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 1,039 $293K Reduce -78.4%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.08% 2,834 $291K Reduce -1.7%
GS Goldman Sachs Group Inc. 0.08% 364 $290K Reduce -12.7%
CELH Celsius Holdings Inc. 0.08% 5,028 $289K Reduce -60.6%
ARKK ARK Innovation ETF 0.08% 3,348 $289K New
SBUX Starbucks Corp. 0.08% 3,414 $289K New
NJUL Innovator Growth 100 Power B 0.08% 4,056 $288K New
PSP Invesco Global Listed Privat 0.08% 4,135 $285K Add +5.2%
SFLO VS SM Cap Free Cash Flow ETF filed as VICTORY PORTFOLIOS II 0.08% 9,802 $285K New
QQQM Invesco Nasdaq 100 ETF 0.08% 1,154 $285K New
GFLW VS Free Cash Flow Growth ETF filed as VICTORY PORTFOLIOS II 0.08% 9,928 $285K New
HOG Harley-Davidson Inc. 0.08% 10,171 $284K Add +4.7%
ECO Okeanis Eco Tankers Corp. 0.08% 9,657 $283K Reduce -3.7%
JMOM JPMorgan US Momentum Factor 0.08% 4,152 $282K Add +22.7%
ETV Eaton Vance T/M Buy-Writ Opp 0.08% 19,575 $279K Reduce -16.2%
GIS General Mills Inc. 0.08% 5,519 $278K Reduce -10.2%
FAX Abrdn Asia-Pacific Income 0.07% 17,050 $278K No change
OGIG Alps Oshares Global Internet 0.07% 4,766 $274K Add +9.1%
ETF SER SOLUTIONS 0.07% 10,947 $274K Reduce -31.2%
INTU Intuit Inc. 0.07% 400 $273K New
ADBE Adobe Inc. 0.07% 773 $273K Add +22.5%
ECC Eagle Point Credit Co. 0.07% 40,888 $270K Reduce -46.4%
HHH Howard Hughes Holdings Inc. 0.07% 3,257 $268K New
COP Conocophillips 0.07% 2,799 $265K Add +9.0%
VDE Vanguard Energy ETF 0.07% 2,085 $262K Add +5.4%
REGN Regeneron Pharmaceuticals 0.07% 465 $262K Reduce -44.8%
TJUL Innovator Equity Defined Pro 0.07% 8,928 $261K Reduce -12.6%
DVY iShares Select Dividend ETF 0.07% 1,826 $259K New
HUM Humana Inc. 0.07% 990 $258K Reduce -53.8%
HR Healthcare Realty Trust Inc. 0.07% 14,211 $256K Reduce -32.9%
XBXMX Nuveen S&P 500 Buy-WR Inc. 0.07% 17,432 $252K No change
FMB First Trust Managed Municipa 0.07% 4,914 $249K No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.07% 3,810 $246K Reduce -1.0%
JAJL Innovator Edp ETF - 6M Ja 0.07% 8,588 $246K No change
MMM 3M Co. 0.07% 1,565 $243K Add +6.8%
VIG Vanguard Dividend Apprec ETF 0.07% 1,124 $243K Add +2.8%
NOBL Proshares S&P 500 Dividend A 0.06% 2,309 $238K New
XMAR FT Vest US Equity Enhance & 0.06% 6,000 $235K No change
DKS Dick's Sporting Goods Inc. 0.06% 1,056 $235K No change
XOM Exxon Mobil Corp. 0.06% 2,054 $232K Reduce -5.6%
ZS Zscaler Inc. 0.06% 766 $230K Reduce -12.2%
PFE Pfizer Inc. 0.06% 8,976 $229K Reduce -50.4%
JQUA JPMorgan US Quality Factor 0.06% 3,628 $228K New
TMO Thermo Fisher Scientific Inc. 0.06% 463 $225K Reduce -32.5%
PFF iShares Preferred & Income S 0.06% 7,052 $223K Reduce -2.7%
FNK First Trust Mid Cap Value 0.06% 3,983 $220K Reduce -5.4%
NKE Nike Inc. Class B 0.06% 3,139 $219K Reduce -0.2%
XLB SS Materials Select Sector 0.06% 2,423 $217K New
CDX Simplify High Yield ETF 0.06% 9,462 $217K New
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 0.06% 13,220 $215K Reduce -22.3%
SDVD FT Vest Smid Rising Dividend 0.06% 9,949 $215K New
AIG American International Group 0.06% 2,732 $215K Add +8.2%
AGG iShares Core U.S. Aggregate 0.06% 2,134 $214K Reduce -74.4%
BBDC Barings BDC Inc. 0.06% 24,366 $213K No change
OHI Omega Healthcare Investors 0.06% 5,042 $213K Reduce -42.4%
BOTZ Global X Robotics & Artifici 0.06% 5,927 $210K New
QDPL Pacer Met US LRG Cap DVD 400 0.06% 4,934 $207K Reduce -4.0%
URA Global X Uranium ETF 0.06% 4,329 $206K New
CHKP Check Point Software Tech 0.06% 991 $205K New
EIX Edison International 0.06% 3,694 $204K Reduce -31.7%
NANR Sta STR SP S&P Nor An Res-Ui 0.06% 3,157 $204K New
FISR SS Fi Sector Rotation 0.05% 7,728 $201K Reduce -16.7%
LQDW iShares Ingr Corp. BD B/W ETF 0.05% 7,968 $201K New
JMEE JPM Sma & Mid Cap En Eq Et-U filed as J P MORGAN EXCHANGE TRADED F 0.05% 3,170 $201K New
FNX First Trust Mid Cap Core Alp 0.05% 1,601 $201K New
FBRT Franklin BSP Realty Trust Inc. 0.05% 15,500 $168K Reduce -3.1%
TCPC BlackRock TCP Capital Corp. 0.04% 26,804 $166K Reduce -13.1%
IEP Icahn Enterprises LP 0.04% 19,145 $161K Add +0.5%
CION Cion Investment Corp. 0.04% 14,419 $137K Reduce -1.4%
OGN Organon & Co. 0.03% 11,827 $126K Reduce -86.9%
BRSP Brightspire Capital Inc. 0.02% 12,300 $67K Reduce -2.8%
XAWPX Abrdn Global Premier Propert 0.02% 15,744 $63K Add +13.7%
CIG Cia Energetica DE-Spon ADR 0.01% 21,440 $45K No change

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)
SecurityClassShares / PrincipalValueChange
COHEN & STEERS INFRASTRU RIGHT 10/16/2025 27,292$2KAdd +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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,852$552.0MAAPL, SPY, RDVY, FIXD, VFLO
Q1 2026 1,827$485.7MAAPL, SPY, FIXD, FTSM, RDVY
Q4 2025 1,762$462.8MAAPL, FTSM, SPY, FIXD, RDVY
Q3 2025Amended 314$370.7MFTSM, FIXD, RDVY, FTCS, BND
Q2 2025Amended 286$333.2MFTSM, FIXD, FEX, SPY, RDVY
Q1 2025 276$300.2MFTSM, FIXD, SPY, FEX, RDVY
Q4 2024 273$292.2MFTSM, FIXD, SPY, FEX, SDVY
Q3 2024 265$280.6MFTSM, FIXD, SPY, FEX, BND
Q2 2024 240$256.1MFTSM, FIXD, FPE, FEX, SPY
Q1 2024 225$245.3MFTSM, JPST, FIXD, FPE, FEX