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Livermore
Livermore
ZHEN

Triumph Capital Management

SEC CIK
0001730765
Latest filing
Jul 20, 2026

The latest 13F from Triumph Capital Management covers Q2 2026 (filed Jul 20, 2026): 1,861 long positions worth $552.0M. The top 10 holdings make up 18.3% of the portfolio, and the largest is Apple Inc. (AAPL) at 3.5%. Livermore has 24 filings on Form 13F from this institution, going back to Q2 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
95
Est. +$14.6M
Added
560
Est. +$45.1M
Reduced
446
Est. −$47.7M
Sold out
71
Est. −$1.05M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    3.5%$19.5MHistory
  2. SPYSPDR S&P 500 ETF Trust
    2.0%$11.1MHistory
  3. First Trust Rising Dividend Achievers ETF33738R506
    1.9%$10.6M
  4. First Tr Exchng Traded FD VI33740F805
    1.8%$9.95M
  5. Victory Portfolios II92647X830
    1.6%$8.62M

Biggest buys

New and added positions, by estimated amount bought

  1. Victory Portfolios II92647X830
    +$4.04MAdded
  2. Victory Portfolios II92647X822
    +$2.91MAdded
  3. MXLMaxlinear, Inc
    +$2.00MNewHistory
  4. Victory Portfolios II92647X764
    +$1.78MAdded
  5. SPCXSpace Exploration Technologies Corp
    +$1.70MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Victory Portfolios II92647X830
    +0.76 pp0.8% → 1.6%
  2. Victory Portfolios II92647X822
    +0.53 pp0.1% → 0.6%
  3. MXLMaxlinear, Inc
    +0.36 pp0.0% → 0.4%History
  4. Victory Portfolios II92647X764
    +0.33 pp0.1% → 0.4%
  5. SPCXSpace Exploration Technologies Corp
    +0.31 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AMDAdvanced Micro Devices Inc
    −$2.30MReducedHistory
  2. iShares Tr464287515
    −$2.04MReduced
  3. iShares Russell Midcap ETF464287499
    −$1.78MReduced
  4. iShares Russell 2000 ETF464287655
    −$1.41MReduced
  5. AMZNAmazon Com Inc
    −$1.37MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. First Tr Exchange-Traded FD33739Q408
    −0.39 pp1.9% → 1.5%
  2. iShares Tr464287515
    −0.36 pp1.1% → 0.7%
  3. iShares Russell Midcap ETF464287499
    −0.31 pp1.2% → 0.9%
  4. PLTRPalantir Technologies Inc.
    −0.31 pp0.6% → 0.3%History
  5. First Tr Exchange-Traded FD33739Q705
    −0.29 pp0.6% → 0.3%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$552.0M
+$60.8M (+12.4%) vs. prior quarter
Positions
1,861
+24 vs. prior quarter
Top 10 concentration
18.3%
Top 10 as share of value
Turnover
9.4%
Q2 2026, one quarter
Average holding period
10.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q2 2021), so positions held before then are understated.

13F filings by quarter

21 quarters, going back to Q2 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $552.0M (Q2 2026)

Q2 2021: $170.8MQ3 2021: $213.1MQ4 2021: $230.6MQ1 2022: $231.0MQ2 2022: $189.2MQ3 2022: $183.6MQ4 2022: $186.7MQ1 2023: $195.7MQ2 2023: $220.6MQ3 2023: $220.3MQ4 2023: $235.6MQ1 2024: $245.3MQ2 2024: $256.1MQ3 2024: $280.6MQ4 2024: $292.2MQ1 2025: $300.2MQ2 2025: $333.2MQ3 2025: $370.7MQ4 2025: $462.8MQ1 2026: $491.2MQ2 2026: $552.0M
Q2 2021Q2 2026
13F filings of Triumph Capital Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 20261,861$552.0MAAPLSPYFirst Trust Rising Dividend Achievers ETFvs. Q1 2026SEC
Q1 2026May 13, 20261,837$491.2MAAPLSPYFirst Tr Exchng Traded FD VIvs. Q4 2025SEC
Q4 2025Feb 12, 20261,769$462.8MAAPLFirst Tr Exchange-Traded FDSPYvs. Q3 2025SEC
Q3 2025Dec 23, 2025Amended315$370.7MFirst Tr Exchange-Traded FDFirst Tr Exchng Traded FD VIFirst Trust Rising Dividend Achievers ETFvs. Q2 2025SEC
Q2 2025Dec 29, 2025Amended286$333.2MFirst Tr Exchange-Traded FDFirst Tr Exchng Traded FD VIFirst Tr Exchange-Traded Alpvs. Q1 2025SEC
Q1 2025May 6, 2025276$300.2MFirst Tr Exchange-Traded FDFirst Tr Exchng Traded FD VISPYvs. Q4 2024SEC
Q4 2024Feb 14, 2025273$292.2MFirst Tr Exchange-Traded FDFirst Tr Exchng Traded FD VISPYvs. Q3 2024SEC
Q3 2024Feb 14, 2025265$280.6MFirst Tr Exchange-Traded FDFirst Tr Exchng Traded FD VISPYvs. Q2 2024SEC
Q2 2024Feb 14, 2025240$256.1MFirst Tr Exchange-Traded FDFirst Tr Exchng Traded FD VIFirst Tr Exch Traded FD IIIvs. Q1 2024SEC
Q1 2024Apr 25, 2024225$245.3MFirst Tr Exchange-Traded FDJPMorgan Ultra-Short Income ETFFirst Tr Exchng Traded FD VIvs. Q4 2023SEC
Q4 2023Feb 5, 2024215$235.6MFirst Tr Exchange-Traded FDJPMorgan Ultra-Short Income ETFSPYvs. Q3 2023SEC
Q3 2023Oct 31, 2023220$220.3MFirst Tr Exchange-Traded FDJPMorgan Ultra-Short Income ETFSPYvs. Q2 2023SEC
Q2 2023Aug 3, 2023224$220.6MFirst Tr Exchange-Traded FDJPMorgan Ultra-Short Income ETFSPYvs. Q1 2023SEC
Q1 2023May 8, 2023190$195.7MJPMorgan Ultra-Short Income ETFFirst Tr Exchange-Traded FDSPYvs. Q4 2022SEC
Q4 2022Jan 31, 2023207$186.7MSPYState Street SPDR Bloomberg 1-3 Month T-Bill ETFGoldman Sachs ETF Trvs. Q3 2022SEC
Q3 2022Nov 1, 2022187$183.6MInvesco QQQ Trust Series ISPYFirst Tr Exchng Traded FD VIvs. Q2 2022SEC
Q2 2022Aug 2, 2022204$189.2MInvesco QQQ Trust Series ISPYDIAvs. Q1 2022SEC
Q1 2022May 3, 2022199$231.0MInvesco QQQ Trust Series IFirst Tr Exchange-Traded FDDIAvs. Q4 2021SEC
Q4 2021Feb 11, 2022210$230.6MInvesco QQQ Trust Series ISPYFirst Tr Exchange-Traded FDvs. Q3 2021SEC
Q3 2021Nov 16, 2021Amended189$213.1MInvesco QQQ Trust Series ISPYFirst Tr Exchange-Traded FDvs. Q2 2021SEC
Q2 2021Jul 19, 2021160$170.8MInvesco QQQ Trust Series ISPYFirst Tr Exchange-Traded FD–SEC