Trium Capital Llp Q2 2026 Investment Analysis: Focus on Healthcare, Slight Shift in Telecom

Trium Capital Llp managed a substantial portfolio valued at $157.1 million as of June 30, 2026.

Current Top Holdings

The investor's largest position remains AT&T (T), representing approximately 36.4% of the total portfolio value with an increase in shares during Q2. Following closely is Esperion Therapeutics (ESPR) at about 22.2% allocation, also seeing a significant share increase.

Purchase Activity During Q2

In this quarter alone, Trium Capital Llp demonstrated considerable buying activity across several sectors:

• They significantly increased their stake in AT&T (T), adding over 1 million shares. This substantial purchase pushed the stock's portfolio weight to 36.4%. You can explore AT&T at this link.
• The investor also made a major acquisition in Esperion Therapeutics (ESPR), boosting their position by 100% during the quarter, now holding about 22.2% of the portfolio.
• Additionally, Trium Capital Llp purchased shares of ALUMIS (ALMS) and SAPIENS INTERNATIONAL (SPNS). Their investment in ALUMIS increased significantly, contributing to a current allocation of around 6.9%. You can find details about ALUMIS at this link.
• The investor also added shares of ROCKWELL AUTOMOTIVE (ROK), contributing to a current allocation of approximately 1.2%. You can explore ROK at this link.

Sales and Reductions During Q2

Conversely, the investor also reduced exposure to certain holdings:

• The position in SAPIENS INTERNATIONAL (SPNS) saw a substantial reduction of 41.3% during the quarter.
• Trium Capital Llp completely exited their position in SHOALS TECHNOLOGIES GROUP CL A (SHLS), which held an allocation of 0% at the end of Q2, representing a significant sell-off.

Sector Allocation Changes

The portfolio's sector distribution saw some adjustments during Q2:

• Tech companies like ROCKWELL AUTOMOTIVE (ROK) and QXO ORD (QXO) were added, though their combined allocation remains relatively small (1%). You can explore QXO at this link.
• The investor continued to favor Healthcare, which now accounts for about 29.5% of the portfolio value.
• Communication Services allocation increased slightly during the quarter, likely due to the significant purchase in AT&T (T).
• No purchases or sales are indicated in the "Unknown" sector category this period.