Trium Capital LLP
LONDON, X0
$159m in 50 US stocks at the end of 30 June 2026. The top 10 are 80.5% of the money. It changed about 48.6% of the portfolio this quarter.
Value
$159m
Stocks
50
Top 10 share
80.5%
Turnover
48.6%
What changed this quarter
New
Bought for the first time this quarter.
- Esperion Therapeutics INC NE22.2% of the fund
- Rockwell AutomationROK1.2% of the fund
- NextEra EnergyNEE1.2% of the fund
- Waste ConnectionsWCN1.1% of the fund
- Atrium TherapeuticsRNA1.0% of the fund
- Zurn Elkay Water SolutionsZWS0.8% of the fund
- QXOQXO0.8% of the fund
- ShutterstockSSTK0.5% of the fund
- Full Truck AllianceYMM0.4% of the fund
- Constellation EnergyCEG0.4% of the fund
- Tetra TechTTEK0.3% of the fund
- Bentley SystemsBSY0.2% of the fund
- Onto InnovationONTO0.1% of the fund
- Hudbay MineralsHBM<0.1% of the fund
- Devon EnergyDVN<0.1% of the fund
- Dream Finders HomesDFH<0.1% of the fund
Added
Bought more of a stock they already held.
- AT&TT36.4% of the fund+120%
- AlumisALMS6.9% of the fund+104%
- Elme CommunitiesELME3.1% of the fund+181%
- Westinghouse Air Brake TechnologiesWAB2.1% of the fund+49%
- LindeLIN1.3% of the fund+18%
- Ferguson EnterprisesFERG1.2% of the fund+28%
- CortevaCTVA1.2% of the fund+20%
- Darling IngredientsDAR1.1% of the fund+63%
- Essential UtilitiesWTRG1.1% of the fund+41%
- MastecMTZ0.9% of the fund+6%
- WeyerhaeuserWY0.8% of the fund+29%
- First SolarFSLR0.7% of the fund+98460%
- Smurfit WestrockSW0.6% of the fund+21%
- NextpowerNXT0.3% of the fund+34167%
- Achilles Therapeutics ADS<0.1% of the fund+100%
- IrenIREN<0.1% of the fund+100%
- Cmb.tech NVCMBT<0.1% of the fund+100%
- BW LPGBWLP<0.1% of the fund+100%
- Excelerate EnergyEE<0.1% of the fund+100%
- Baker HughesBKR<0.1% of the fund+100%
- Sterling BancorpSBT0.0% of the fund+100%
- AVADEL PHARMACEUTICALS CVR (ALKERMES PLC merger)0.0% of the fund+100%
Cut
Sold some of their stake.
- Sapiens Intl Corp N V SHS4.8% of the fund-41%
- Owens CorningOC1.2% of the fund-3%
- nVent ElectricNVT1.2% of the fund-30%
- Republic ServicesRSG1.2% of the fund-14%
- Johnson Controls InternationalJCI0.9% of the fund-13%
- Waste ManagementWM0.5% of the fund-58%
- VeraltoVLTO0.4% of the fund-42%
- Gorman RuppGRC0.4% of the fund-40%
- Acuity Inc. (de)AYI0.3% of the fund-75%
- Watts Water TechnologiesWTS0.1% of the fund-88%
- Shoals Technologies GroupSHLS<0.1% of the fund-100%
Sold out
Sold their entire stake.
- SunoptaSTKL-100%
- Hologic-100%
- Onestream-100%
- IsharesEWZ-100%
- Vaneck ETF TrustVNM-100%
- Desktop Metal-100%
- QuanterixQTRX-100%
- First Fndtn-100%
- Albertsons CompaniesACI-100%
- ExelonEXC-100%
- On24-100%
- Emerson ElectricEMR-100%
- PentairPNR-100%
- Greenbrier CompaniesGBX-100%
- Apartment Investment & ManagementAIV-100%
- Sealed Air Corp New-100%
- DOLLY VARDEN SILVER CORP Com Stk NPV (Post Rev-Split)DVS-100%
- StoneX GroupSNEX-100%
- Topbuild COR-100%
- Palo Alto NetworksPANW-100%
- Contango Silver & GoldCTGO-100%
- Genco Shipping & TradingGNK-100%
- Coeur MiningCDE-100%
- DEL MonteDMC-100%
- DauchDCH-100%
Holdings
- Esperion Therapeutics INC NE
- Share
- 22.2%
- Value
- $35m
- Shares
- 11,158,150
New
- Sapiens Intl Corp N V SHS
- Share
- 4.8%
- Value
- $8m
- Shares
- 173,884
-41%
- Atrium TherapeuticsRNA
- Share
- 1.0%
- Value
- $2m
- Shares
- 113,278
New
- Full Truck AllianceYMM
- Share
- 0.4%
- Value
- $685,799
- Shares
- 84,458
New
- Achilles Therapeutics ADS
- Share
- <0.1%
- Value
- $91,029
- Shares
- 61,506
+100%
- Hudbay MineralsHBM
- Share
- <0.1%
- Value
- $3,068
- Shares
- 130
New
- Sterling BancorpSBT
- Share
- 0.0%
- Value
- $0
- Shares
- 384,252
+100%
- AVADEL PHARMACEUTICALS CVR (ALKERMES PLC merger)
- Share
- 0.0%
- Value
- $0
- Shares
- 2,585,970
+100%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AT&TT | 36.4% | $58m | 1,966,000 | +120% |
| Esperion Therapeutics INC NE | 22.2% | $35m | 11,158,150 | New |
| AlumisALMS | 6.9% | $11m | 390,268 | +104% |
| Sapiens Intl Corp N V SHS | 4.8% | $8m | 173,884 | -41% |
| Elme CommunitiesELME | 3.1% | $5m | 3,351,292 | +181% |
| Westinghouse Air Brake TechnologiesWAB | 2.1% | $3m | 12,454 | +49% |
| LindeLIN | 1.3% | $2m | 4,066 | +18% |
| Rockwell AutomationROK | 1.2% | $2m | 3,966 | New |
| Owens CorningOC | 1.2% | $2m | 12,134 | -3% |
| Ferguson EnterprisesFERG | 1.2% | $2m | 8,104 | +28% |
| nVent ElectricNVT | 1.2% | $2m | 11,162 | -30% |
| CortevaCTVA | 1.2% | $2m | 22,162 | +20% |
| NextEra EnergyNEE | 1.2% | $2m | 21,124 | New |
| Republic ServicesRSG | 1.2% | $2m | 8,596 | -14% |
| Darling IngredientsDAR | 1.1% | $2m | 32,136 | +63% |
| Waste ConnectionsWCN | 1.1% | $2m | 10,398 | New |
| Essential UtilitiesWTRG | 1.1% | $2m | 44,644 | +41% |
| Public Service Enterprise GroupPEG | 1.0% | $2m | 19,850 | Held |
| Atrium TherapeuticsRNA | 1.0% | $2m | 113,278 | New |
| Johnson Controls InternationalJCI | 0.9% | $1m | 10,196 | -13% |
| MastecMTZ | 0.9% | $1m | 3,366 | +6% |
| Zurn Elkay Water SolutionsZWS | 0.8% | $1m | 24,678 | New |
| QXOQXO | 0.8% | $1m | 70,478 | New |
| WeyerhaeuserWY | 0.8% | $1m | 50,866 | +29% |
| First SolarFSLR | 0.7% | $1m | 4,928 | +98460% |
| Smurfit WestrockSW | 0.6% | $904,198 | 19,546 | +21% |
| ShutterstockSSTK | 0.5% | $866,100 | 62,086 | New |
| Waste ManagementWM | 0.5% | $780,080 | 3,500 | -58% |
| VeraltoVLTO | 0.4% | $697,380 | 7,864 | -42% |
| Full Truck AllianceYMM | 0.4% | $685,799 | 84,458 | New |
| Constellation EnergyCEG | 0.4% | $637,317 | 2,566 | New |
| Gorman RuppGRC | 0.4% | $605,851 | 6,604 | -40% |
| NextpowerNXT | 0.3% | $489,904 | 4,112 | +34167% |
| Acuity Inc. (de)AYI | 0.3% | $433,912 | 1,152 | -75% |
| Tetra TechTTEK | 0.3% | $398,971 | 13,810 | New |
| Bentley SystemsBSY | 0.2% | $325,980 | 10,906 | New |
| Onto InnovationONTO | 0.1% | $227,070 | 600 | New |
| Watts Water TechnologiesWTS | 0.1% | $158,929 | 406 | -88% |
| Achilles Therapeutics ADS | <0.1% | $91,029 | 61,506 | +100% |
| IrenIREN | <0.1% | $54,876 | 1,200 | +100% |
| Hudbay MineralsHBM | <0.1% | $3,068 | 130 | New |
| Cmb.tech NVCMBT | <0.1% | $2,882 | 206 | +100% |
| BW LPGBWLP | <0.1% | $2,824 | 162 | +100% |
| Excelerate EnergyEE | <0.1% | $2,735 | 72 | +100% |
| Baker HughesBKR | <0.1% | $2,553 | 46 | +100% |
| Shoals Technologies GroupSHLS | <0.1% | $2,435 | 246 | -100% |
| Devon EnergyDVN | <0.1% | $331 | 8 | New |
| Dream Finders HomesDFH | <0.1% | $35 | 2 | New |
| Sterling BancorpSBT | 0.0% | $0 | 384,252 | +100% |
| AVADEL PHARMACEUTICALS CVR (ALKERMES PLC merger) | 0.0% | $0 | 2,585,970 | +100% |
Options (3)
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $3m
- Contracts
- 3,012,000
- StrategyMSTR
- Type
- Call
- Value
- $256,256
- Contracts
- 582,400
- IsharesEWZ
- Type
- Call
- Value
- $210,000
- Contracts
- 1,000,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | Put | $3m | 3,012,000 |
| StrategyMSTR | Call | $256,256 | 582,400 |
| IsharesEWZ | Call | $210,000 | 1,000,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 60.5% since 30 June 2025.
Where the money is
Media & telecom36.4%
Industrials13.8%
Health care7.9%
Utilities4.8%
Real estate3.9%
Materials3.1%
Technology1.6%
Everyday goods1.1%
Financial services0.0%
Energy0.0%
Retail & consumer0.0%
Other27.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.