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Triasima Portfolio Management inc.

SEC Form 13F institutional filer · CIK 0001938757

13F-HR · 57 reported holdings · 2026-03-31

Reported long-US-equity value

$0.21B

Top-10 concentration

41.9%

Triasima Portfolio Management inc. — $207M AUM allocation strategy

Triasima Portfolio Management inc. files SEC Form 13F and reports $207M of long US equity value across 57 reported holdings for 2026-03-31.

Its largest sector bet is Information Technology 23.5%, followed by Industrials 8.8% and Health Care 8.6%.

The top 10 holdings account for 42% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.

Triasima Portfolio Management inc. — latest SEC 13F insights

Reported long-US-equity value (13F AUM)

$207M

total across 57 reported holdings · 2026-03-31 · excludes shorts, cash, non-US

Top-10 concentration

42% of value

higher = narrower conviction; lower = spread / hedging

Biggest adds (shares)

$INTC$AAPL$IBKR

+$INTC +53.5K sh · +$2.82M+$AAPL +6.03K sh · +$1.2M+$IBKR +6.03K sh · +$510K

Biggest trims (shares)

$MDT$ANET$NVDA

−$MDT −33.4K sh · −$3.52M−$ANET −19.6K sh · −$2.64M−$NVDA −19K sh · −$4.17M

Added from nil (new positions)

$SPG$SPGI$CFG$JBL$TXN

5 fresh holdings — new conviction

Exited to nil (held last quarter, gone now)

$FSLR$AMD$ROL$ABBV$PANW

$FSLR ($4.23M last qtr)$AMD ($3.05M last qtr)$ROL ($2.85M last qtr)$ABBV ($2.79M last qtr)$PANW ($2.49M last qtr)

Sector allocation (share of reported value)

Information Technology 24%Industrials 9%Health Care 9%Financials 8%Real Estate 7%Communication Services 7%Consumer Discretionary 6%Other holdings 32%SECTORS
  • $XLKInformation Technology23.5%
  • $XLIIndustrials8.8%
  • $XLVHealth Care8.6%
  • $XLFFinancials8.2%
  • $XLREReal Estate7.1%
  • $XLCCommunication Services6.6%
  • $XLYConsumer Discretionary5.5%
  • Other holdings31.6%

each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”

Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.

Industry allocation (share of reported value)

Semiconductors 10%Interactive Media & Services 7%Apparel Retail 6%Semiconductor Materials & Equipment 5%Systems Software 5%Health Care REITs 4%Biotechnology 3%Heavy Electrical Equipment 3%Other holdings 57%INDUSTRIES
  • Semiconductors10.2%
  • Interactive Media & Services6.6%
  • Apparel Retail5.5%
  • Semiconductor Materials & Equipment5.2%
  • Systems Software5.1%
  • Health Care REITs4.3%
  • Biotechnology3.2%
  • Heavy Electrical Equipment3.2%
  • Other holdings56.5%

the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”

Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.

Top S&P 500 holdings

10 of 10 rows · sorted by Value ↓

TickerHoldingSharesValueΔ QoQWeight
$GOOGAlphabet Inc. Class C Capital Stock47.7K$13.7M+1.42K6.6%
$TJXTJX Companies Inc71.5K$11.4M+1.85K5.5%
$MSFTMicrosoft Corporation28.8K$10.7M+2315.1%
$NVDANVIDIA Corporation51.7K$9.02M-19K4.4%
$WELLWelltower Inc45.2K$8.94M+5474.3%
$AVGOBroadcom Inc22.4K$6.93M-17.4K3.3%
$GILDGilead Sciences Inc48.1K$6.71M+9253.2%
$GEVGE Vernova Inc7.56K$6.6M-1.94K3.2%
$FIXComfort Systems USA Inc4.64K$6.4M+5203.1%
$GSGoldman Sachs Group Inc7.41K$6.27M+1243.0%

…and 47 more holdings in the full 13F filing (top positions only shown).

SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported

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How to read Δ QoQ — the five insight categories, and the caveats

The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.

Conviction & concentration shifts

New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.

Sector & macro allocation rotations

Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.

Crowding & smart-money consensus

When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.

Derivative & option overlays

Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.

Who reads this

Retail "cloners"High-conviction ideas to replicate ~45 days after quarter-end.
Corporate IRWhich funds bought or dumped the stock, before the next call.
Quant / algo tradersCross-sectional factor inputs: flow, momentum, ownership.

Four caveats before you trade on it

  • 45-day lag — holdings are quarter-end; positions may already be closed.
  • Long-only — 13Fs miss shorts, pair trades and cash.
  • No non-US / fixed income — the picture is US equities plus options.
  • Corporate actions — splits and spinoffs distort raw share deltas.

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