SCHEDULE 13G/A: Thrivent Financial for Lutherans Amends Stake in Triumph Financial, Inc., Disclosing 6.5% Beneficial Ownership

Thrivent Financial for Lutherans has filed an amended Schedule 13G, revealing a 6.5% beneficial ownership stake in Triumph Financial, Inc. as of March 31, 2025.

Summary

• Thrivent Financial for Lutherans, a Wisconsin fraternal benefit society, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Triumph Financial, Inc.
• As of March 31, 2025, Thrivent Financial for Lutherans beneficially owns an aggregate of 1,510,380 shares of Triumph Financial, Inc. Common Stock.
• This ownership represents 6.5% of the class, calculated based on 23,420,261 shares outstanding as of February 7, 2025, as reported in Triumph Financial, Inc.'s Annual Report on Form 10-K filed on February 11, 2025.
• Thrivent Financial for Lutherans holds sole voting and dispositive power over 12,554 shares, but disclaims beneficial ownership of these shares as they are held in the Thrivent Financial Defined Benefit Plan Trust.
• Shared voting and dispositive power is held over 1,497,826 shares.
• The shared shares include 510,277 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 987,549 shares held by registered investment companies for which Thrivent Asset Management, LLC (a wholly-owned subsidiary) serves as investment adviser.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no explicit positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Management Comments

• Thrivent Financial for Lutherans certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

This filing represents a routine disclosure by a large institutional investor, Thrivent Financial for Lutherans, detailing its passive ownership stake in Triumph Financial, Inc., a financial services company. Such disclosures are common for significant institutional holdings and reflect ongoing portfolio management within the financial sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment approach.

Key Dates

Keywords

Triumph Financial, Thrivent Financial, Schedule 13G, beneficial ownership, common stock, institutional investment, financial services, investment adviser