Trium Capital LLP
Confidential treatment requested — holdings omitted from public disclosure
Sector Allocation
- Communication Services41.5%$32.1M
- Technology23.3%$18.1M
- Industrials10.9%$8.5M
- Healthcare6.4%$4.9M
- Real Estate6.0%$4.7M
- Utilities4.7%$3.7M
- Materials2.8%$2.2M
- Consumer Staples2.6%$2.0M
- Consumer Discretionary1.1%$863,249
- Energy0.3%$249,367
AUM History
13fpro.ai/research/fund/trium-capital-llp-1963860
Conviction and streaks
Concentrating · top 10 = 83.3%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
T
$32.1MSLP
$12.4MELME
$4.7MGNK
$4.6MBLFS
$3.0MSNOW
$3.0MALMS
$1.5MELE
$1.2MMIDD
$1.0MPEG
$1.0MDAR
$886KRSG
$866KNVT
$853KWAB
$793KOC
$691KFERG
$684KYMM
$679KUTZ
$662KWCN
$648KFSLR
$592K
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/trium-capital-llp-1963860
Trium Capital LLP 13F holdings — Q3 2026
$79.4M portfolio (-51.1% QoQ) · 53 holdings · Q3 2026 13F · top 10 are 83% of the stock portfolio
Includes $2.0M of put/call options ($1.7M puts, $361K calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $77.4M. Weights use the stock portfolio.
$32.1M
41.5% of stocks
-47%This quarter-10.7%Since filed3+ qtrsHeld$12.4M
16.0% of stocks
NewThis quarter—Since filedNew this quarterHeld$4.7M
6.0% of stocks
-20%This quarter+0.6%Since filed3+ qtrsHeld$4.6M
5.9% of stocks
NewThis quarter+4.6%Since filedNew this quarterHeld$3.0M
3.8% of stocks
NewThis quarter—Since filedNew this quarterHeld$3.0M
3.8% of stocks
NewThis quarter+10.0%Since filedNew this quarterHeld$1.5M
1.9% of stocks
-49%This quarter+8.5%Since filed3+ qtrsHeld$1.2M
1.6% of stocks
NewThis quarter-4.3%Since filedNew this quarterHeld$1.0M
1.4% of stocks
NewThis quarter+6.7%Since filedNew this quarterHeld$1.0M
1.3% of stocks
-24%This quarter+1.9%Since filed3+ qtrsHeld
All holdings — Trium Capital LLP (Q3 2026)
53 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | SPDR S&P 500 ETF TRUST | — | $1.7M | — | 1.38M | -54% | — | — | 13F | |
| 12 | DARLING INGREDIENTS INC. | Consumer Staples | $886K | 1.1% | 15K | -55% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | REPUBLIC SERVICES, INC. | Utilities | $866K | 1.1% | 4,126 | -52% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | nVent Electric plc | Industrials | $853K | 1.1% | 5,320 | -52% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Industrials | $793K | 1.0% | 2,763 | -78% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Owens Corning | Materials | $691K | 0.9% | 5,923 | -51% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Ferguson Enterprises Inc. /DE/ | Consumer Discretionary | $684K | 0.9% | 3,072 | -62% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Full Truck Alliance Co. Ltd.adr | Technology | $679K | 0.9% | 82K | -3% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Utz Brands, Inc. | Consumer Staples | $662K | 0.8% | 46K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Waste Connections, Inc. | Utilities | $648K | 0.8% | 4,210 | -60% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | FIRST SOLAR, INC. | Technology | $592K | 0.8% | 3,378 | -31% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Constellation Energy Corp | Utilities | $521K | 0.7% | 2,051 | -20% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Veralto Corp | Technology | $511K | 0.7% | 5,421 | -31% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Avidity Biosciences, Inc. | Healthcare | $483K | 0.6% | 58K | -48% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Corteva, Inc. | Consumer Staples | $445K | 0.6% | 5,737 | -74% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $ROK | ROCKWELL AUTOMATION, INC | Industrials | $441K | 0.6% | 1,014 | -74% | |||
| 27 | $NEE | NEXTERA ENERGY INC | Utilities | $366K | 0.5% | 4,827 | -77% | |||
| 28 | — CALL | ISHARES MSCI BRAZIL ETF - COM | — | $361K | — | 323K | -68% | |||
| 29 | $APTV | Aptiv PLC | Industrials | $264K | 0.3% | 6,128 | New | |||
| 30 | $WMS | ADVANCED DRAINAGE SYSTEMS, INC. | Materials | $262K | 0.3% | 2,067 | New | |||
| 31 | $MTZ | MASTEC INC | Energy | $247K | 0.3% | 1,155 | -66% | |||
| 32 | $TRMB | TRIMBLE INC. | Technology | $222K | 0.3% | 3,886 | New | |||
| 33 | $NXT | Nextpower Inc. | Technology | $194K | 0.3% | 2,487 | -40% | |||
| 34 | $BSY | BENTLEY SYSTEMS INC | Technology | $187K | 0.2% | 5,857 | -46% | |||
| 35 | $WM | WASTE MANAGEMENT INC | Utilities | $187K | 0.2% | 915 | -74% | |||
| 36 | $MWH | SOLV Energy, Inc. | Industrials | $182K | 0.2% | 7,570 | New | |||
| 37 | $CNM | Core & Main, Inc. | Consumer Discretionary | $179K | 0.2% | 4,324 | New | |||
| 38 | $AME | AMETEK INC/ | Industrials | $167K | 0.2% | 673 | New | |||
| 39 | $ZWS | Zurn Elkay Water Solutions Corp | Industrials | $160K | 0.2% | 3,437 | -86% | |||
| 40 | — | VERSIGENT ORD - COM | — | $155K | 0.2% | 3,455 | New | |||
| 41 | $ENS | EnerSys | Technology | $107K | 0.1% | 581 | New | |||
| 42 | $ENPH | Enphase Energy, Inc. | Technology | $74K | 0.1% | 2,255 | New | |||
| 43 | $SHLS | Shoals Technologies Group, Inc. | Technology | $71K | 0.1% | 8,825 | +3487% | |||
| 44 | $DDOG | Datadog, Inc. | Technology | $55K | 0.1% | 200 | New | |||
| 45 | $FRVO | Fervo Energy Co | Utilities | $46K | 0.1% | 3,349 | New | |||
| 46 | $IREN | IREN Ltd | Financials | $25K | 0.0% | 600 | -50% | |||
| 47 | $SBLK | Star Bulk Carriers Corp. | Industrials | $3K | 0.0% | 100 | New | |||
| 48 | $BWLP | BW LPG Ltd | Industrials | $2K | 0.0% | 81 | -50% | |||
| 49 | $CMBT | CMB.TECH NV | Industrials | $2K | 0.0% | 105 | -49% | |||
| 50 | $BKR | Baker Hughes Co | Energy | $1K | 0.0% | 23 | -50% | |||
| 51 | $EE | Excelerate Energy, Inc. | Energy | $1K | 0.0% | 37 | -49% | |||
| 52 | $BANR | BANNER CORP | Financials | $268 | 0.0% | 4 | New | |||
| 53 | $DVN | DEVON ENERGY CORP/DE | Energy | $184 | 0.0% | 4 | -50% |
What changed in Q3 2026
Against the previous quarter's 13F: 20 new, 1 added to, 32 trimmed, 20 sold out. Share-count changes; largest moves by dollar size first.
New positions (20)
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
+14 more in the Excel export
Added to (1)
$SHLSShoals Technologies Group, Inc.+3487%
now $71K · held 3+ qtrs
Trimmed (32)
now $32.1M · held 3+ qtrs
now $793K · held 3+ qtrs
$SPYPUTSPDR S&P 500 ETF TRUST-54%
now $1.7M
now $1.5M · held 3+ qtrs
$ROKROCKWELL AUTOMATION, INC-74%
now $441K · held 2 qtrs
$CTVACorteva, Inc.-74%
now $445K · held 3+ qtrs
+26 more in the Excel export
Sold out (20)
$ESPREsperion Therapeutics, Inc.was $35.3M
held 1 qtr
- SAPIENS INTERNATIONAL ORD - COMwas $7.6M
$LINLINDE PLCwas $2.1M
held 10+ qtrs
$WTRGEssential Utilities, Inc.was $1.7M
held 2+ qtrs
$JCIJohnson Controls International plcwas $1.5M
held 2+ qtrs
$QXOQXO, Inc.was $1.2M
+14 more in the Excel export
Holdings by quarter
Every 13F Trium Capital LLP has filed, 15 earlier quarters. Pick one to see what it held then.
Is it too late to follow Trium Capital LLP?
Q3 2026 13F filed with the SEC on Oct 16, 2026. Prices are closing prices as of Oct 27, 2026.
Average quality of Trium Capital LLP's top 20 holdings: 56/100 (our AI quality score, weighted by position size; 16 of the 20 are scored)
Top 10 since filing
-5.6%
Value-weighted move of the 10 largest stock positions
Turnover
23%
Last quarter
Top 10 weight
83%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2026 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Trium Capital LLP disclosed 53 positions worth $79.4M in its Form 13F-HR for Q3 2026 — $77.4M in common stock plus $2.0M of put/call option positions (reported at underlying notional value, not premium at risk), led by $T (AT&T INC.) at 41.5% of the equity portfolio, followed by $SLP and $ELME. During the quarter the fund opened 20 new positions and exited 20 — including a new stake in $SLP and a full exit from $ESPR. The portfolio is most concentrated in Communication Services (41.5% of disclosed assets). All figures are sourced directly from Trium Capital LLP’s Form 13F-HR filing with the SEC under CIK 1963860.
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