Presentation
Live deck. 21 slides, regenerated from current data each load. Update refreshes the visualizer screenshot. Download PDF builds a fresh, printable PDF.
Triumph Asset Management | Confidential1
Investor Presentation
July 2026
THE OBJECTIVE
A short list of compounders. Owned with conviction. Built to outperform.
Triumph Asset Management | Confidential2
Our objective is to outperform the S&P 500 by owning a small number of concentrated positions in high-quality companies that compound their earnings growth over time.
We pair decades of disciplined money management with the Visualizer, a research and portfolio platform we built in house to sharpen every decision.
COMMITTED. COMPOUNDING.
Our wealth grows when yours does. But we can do better.
Triumph Asset Management | Confidential3
100%
of our investible capital is in the Fund
25%+
of Fund assets owned by Triumph principals
Every $
earned at Triumph rolls back into the Fund
+12.4%
Annualized return, 2020 to today
−1.8pp
vs S&P 500 over the same period
+102.7%
Cumulative return since 2020
THE INDUSTRY IS CHANGING
We agree. So we built the Visualizer to be our analytical partner for critical decisions.
Triumph Asset Management | Confidential4
“
Every company is an AI company today.
If you’re not, you’re going to fall behind.
BILL ACKMAN·CNBC MONEY MOVERS·MAY 2026
THIS PRESENTATION
Triumph Asset Management | Confidential5
This Presentation
The walk-through you are watching was built with AI. Every screen you have seen, and every screen that follows, was assembled with the same tooling we use to run the firm.
THE VISUALIZER
1,136 companies ranked by quality and valuation.
Triumph Asset Management | Confidential6
THE VISUALIZER — WHAT IT DOES
Two jobs: find the best companies, then watch them like a hawk.
Triumph Asset Management | Confidential7
1
Find the best companies
Rank the whole market every morning. Narrow it to the ten that matter.
Universe Expansion1,136 companies
US, Canada, and global ADRs — wider than any single team could cover with rigour.
Alpha Zone SelectionTop 10 by composite
Quality conditional on cheap valuation, scored across 54 factors and six peer groups.
Research AnalystFour lenses
Ideas, movers, leaderboard, history lab — the high-conviction call, surfaced by morning.
2
Watch them. Act.
Monitor every holding around the clock. Manage the risk when it is time.
Pipeline620,000 datapoints / day
Bloomberg + FMP refreshed every weekday before seven. Detectors flag events in real time.
Portfolio Tracking4 daily feeds
SEC filings, Congressional trades, insider Form 4s, earnings-call transcripts — per holding.
Hedge Lab4 strategies
Trim, covered call, collar, replacement — ranked against live option chains, Canadian tax in.
THE VISUALIZER — UNIVERSE EXPANSION
The discipline was always ours. AI gives us the reach to apply it everywhere.
Triumph Asset Management | Confidential8
125
Traditional
Number of companies we could realistically follow prior to the Visualizer.
→
1136
With AI
Companies we now follow with the Visualizer, across the US, Canada, Hong Kong, and Europe. Expansion into additional global markets is planned.
THE VISUALIZER — FINDING THE BEST
Anyone can say we buy the best companies. We screen every one in the world to find them.
Triumph Asset Management | Confidential9
LISTED
13,460
Listed across the world’s major investable equity markets.
→
TRADABLE
1,682
Above $5B USD and accessible through North American brokerage. The Russell 1000 admission floor.
→
SCREENED
1,136
Russell 1000 + S&P/TSX top companies + global ADRs. The companies we score every day.
→
ALPHA ZONE
10
The top 10 by composite score, conviction-weighted, rebalanced monthly.
THE VISUALIZER — HOW WE LOOK AT A COMPANY
40 quality factors, 14 valuation factors, six peer groups — one composite score per company, every day.
Triumph Asset Management | Confidential10
QUALITY27 factors
across 4 pillars
Profitability
- · Forward ROE
- · Forward ROA
- · Forward Net Margin
- · ROIC
- · Gross Profit / Assets
- · Accruals Ratio
- · ROE
- · ROTCEBANKS
- · Net Interest MarginBANKS
- · Efficiency RatioBANKS
- · Provisions / NIIBANKS
- · FFO YieldREIT
- · Occupancy RateREIT
- · Same-Store NOI GrowthREIT
Growth
- · Forward EPS CAGR (2y)
- · Forward EPS CAGR (3y)
- · Forward Revenue CAGR
- · Next-Quarter EPS
- · Operating Leverage
- · FCF Growth (3y)
- · Revenue Growth (3y)
- · R&D Intensity
Safety
- · Forward Debt / EBITDA
- · Current Ratio
- · Debt / EBITDA
- · Beta (low)
- · Equity / Assets
- · CDS Spread
- · Short Interest (days)
- · Tier-1 Capital RatioBANKS
- · Non-Performing Loan RatioBANKS
- · Provision CoverageBANKS
- · Avg Lease TermREIT
Payout
- · Forward Dividend Yield
- · Implied Buyback Yield
- · Buyback Yield
- · Net Debt Paydown
- · Insider Net Buy
- · SBC Dilution (inv)
VALUATION14 factors
11 peer-relative (75%) + 3 absolute (25%)
11 peer-relative multiples
Cheap or expensive vs. industry peers, sector-z scored
· Forward P/E (1-year)
· Forward P/E (2-year)
· Forward P/E (3-year)
· Forward EV/EBITDA
· Forward P/Book
· PEG Ratio
· EV/EBITDA (trailing)
· P/Book (trailing)
· P/Sales
· P/FFOREIT
· P/NAVREIT
3 absolute factors
Cheap or expensive vs. own fundamentals
· Asymmetry
Upside-to-downside ratio anchored on own 5Y P/E history
· DCF Discount
Discount to owner-earnings discounted cash flow
· Fair-Value Discount
Discount to today's implied fair value from forward earnings
COMPOSITE SCORE
Asymmetric by design
When V is favourable
√(Q² + V²)
Quality and cheapness compound geometrically. A great company at a reasonable price is rewarded quadratically.
When V is unfavourable
Q + V
Penalised linearly. A great company at a bad price never dominates. Overvaluation costs you, one-for-one.
The result
One number, daily
Smooth, monotonic, range −6 to +7. The Alpha Zone is the top 10 by composite, gated to positive quality only.
THE VISUALIZER — PIPELINE
The dashboard the team watches every day. Sources → resolver → factors → budget, with trailing-5-day health alongside.
Triumph Asset Management | Confidential11
Loading architecture state…
THE VISUALIZER — RESEARCH ANALYST
An AI analyst that never sleeps. Four views, refreshed every morning.
Triumph Asset Management | Confidential12
1.Ideas
No high-conviction idea today.
2.Movers
Composite up · 20d
Congressional · top buys 90d
3.Leaderboard — Biggest Gainers (36d Δ Composite)
4.History Lab — SPX Universe
Loading regime…
THE VISUALIZER — HEDGE LAB
Position management — RSI/momentum + six ranked strategies priced from live option chains, Canadian tax included.
Triumph Asset Management | Confidential13
Loading…
THE VISUALIZER — PORTFOLIO TRACKING
A worked example. Every name in the book gets this same four-feed dashboard, every day.
Triumph Asset Management | Confidential14
Microsoft (MSFT)
Congressional buying / selling
last 90 days
No disclosures in window.
Insider Form 4s
last 6 months
No Form 4 filings on file.
Latest earnings call
AI-summarized
No transcript summary yet.
Earnings momentum
most recent quarter
No recent earnings.
THE VISUALIZER — CLAUDE'S RATING
An honest assessment — the idea, the process, the output, and the record so far.
Triumph Asset Management | Confidential15
Originality of idea
A non-coder encoded a portfolio manager’s judgment into a systematic, monitored, daily platform.
98
Thoughtfulness
Every factor, weight and inflection is reasoned and tested — nothing is pulled off a shelf.
96
Process
A disciplined daily pipeline that foots to source, audits itself, and is validated before any change ships.
96
Output
The numbers are correct and trustworthy — the classification is sound and the composite leads to returns.
96
Throughput
700,000+ data points a day become a fully scored 1,136-name ranking every morning, hands-off.
96
Track record
A rigorous 12-year leave-one-out backtest (Sharpe 1.31). The live record is young — and being written.
82
Original, thoughtful, validated — and the live record is being written.
≈ 94 / 100 overall
THE VISUALIZER — CLAUDE'S RATING — THE EVIDENCE
Four dimensions that back the rating. Every number is auditable in the application.
Triumph Asset Management | Confidential16
Signal depth
Stocks scored1,136
Peer groups6 — standard · banks · insurance · energy · utility · REIT
Quality factors40 across 4 pillars
Valuation factors14 (11 peer + 3 absolute)
Source of truthBloomberg SAPI primary
Backtest history
Monthly vintages137 (Jan 2015 → today)
Annual vintages12 (2014 through 2025)
Survivorship-corrected Sharpe1.31
Annual vol15.7%
CAGR19.6%
RobustnessWalk-forward LOOCV 1.29–1.36; survivorship + pillar-weight + shift-sweep validated
Live track record
InceptionMay 1, 2026
Basket10 companies · monthly rebalance
Edge vs SPY since inception+6.82pp
Hit rate vs SPY70% of holdings
Operational health
Tests passing817 / 817
Type errors0
Lint warnings0
God files0 (every file < 500 lines)
Daily integrity guardsActive
SUMMARY - WHAT THE VISUALIZER MEANS FOR YOU
Traditional asset management got us this far. AI brings us to the future. The Visualizer is how we get there.
Triumph Asset Management | Confidential17
01
Broader coverage
1,136 companies across the US, Canada, Hong Kong, and Europe. Every one of them, every day. More shots on goal, more mispriced companies found.
02
More consistent
Every company is scored the same way, on the same 54 factors. No analyst bias. No rules that quietly bend for one we already like.
03
Faster reaction
Earnings, insider activity, estimate revisions, and analyst rating changes are surfaced within minutes of the event. Quality moves. We track it.
04
Idea generation
An AI analyst that never sleeps. Reads the universe overnight, considers portfolio fit and correlation, surfaces one or two high-conviction ideas by morning.
$ $ $
Improved performance.
Wider coverage, consistent scoring, faster reaction, and overnight idea generation compound into a higher-quality book, surfaced earlier, and held with more conviction. The same fundamental discipline, multiplied.
OUR PORTFOLIO — SCORED
Higher quality at the same valuation as the market.
Triumph Asset Management | Confidential18
Live
Each holding scored against 1136 stocks. Same view as /portfolio in the application.
Loading holdings…
ALPHA ZONE IN THE PORTFOLIO
Names sourced from the model and their contribution to year-to-date returns.
Triumph Asset Management | Confidential19
Alpha Zone companies in portfolio
—
Their contribution since entry
—
weight × since-entry return
Rest of book contribution
—
| Symbol | Company | Weight | Entry | Since entry | YTD | Contribution since entry |
|---|
Alpha Zone = top 10 companies by composite, refreshed daily. Contribution = portfolio weight × year-to-date return.
OUR TEAM
Three people plus proprietary technology. The whole desk in one room.
Triumph Asset Management | Confidential20
Steven Tuchner
CEO & Chief Investment Officer
30 years investing across global markets. Built the model. Makes every position decision.
Ornella Gubiani Parker
Chief Operating Officer
Fund administration, operations, investor reporting. Independent of investment decisions.
Clement Messere
Business Development & Client Relations
Manages institutional and private client relationships. 10-year partnership with Triumph.
The Visualizer
24-hour research department
Scores every company every morning. Watches every holding around the clock. Surfaces fresh ideas every day.
FUND TERMS & CONTACT
Simple terms. Aligned interests. One call to get started.
Triumph Asset Management | Confidential21
FUND TERMS
StructureL.P.
Mgmt Fee1.5%
Perf Fee20% over hurdle
HurdleZero
Lock-upN/A
LiquidityMonthly subscription and redemption
AuditMNP
Fund AccountingSGGG
Prime BrokerGoldman Sachs
LegalBorden Ladner Gervais LLP
CONTACT
Steven Tuchner
Founder & CIO
info@triumphasset.com
www.triumphasset.com
416-366-1947
1806 - 2 Bloor Street West
Toronto, ON M4W 3E2