CIK: 0001615717
Total reported value
$84.7M
Reporting period: 2026-03-31 · Number of holdings: 36
Triad Investment Management disclosed 36 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $84.7M and a quarterly turnover rate of 31.2%.
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Triad Investment Management's disclosed holdings carry a Herfindahl concentration index of 0.040 — mathematically equivalent to about 25 equally-sized positions, close to its 36 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.69), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 27% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim WBD
-96.3% -$9.1M
Add FISV
+448.1% $2.3M
Add IT
+116.4% $985.7K
Add SPGI
+552.1% $1.3M
Trim AXP
-47.2% -$1.7M
Trim CBRE
-77.0% -$1.3M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 6.79% | +0.23% | -2.99% | |
| 2 | WTM | White Mountains Insurance Group, Ltd. | Stock-Financials | 6.52% | +1.16% | -1.37% | |
| 3 | ROP | Roper Technologies INC | Stock-Tech | 5.76% | +0.28% | +13.52% | |
| 4 | BRO | Brown & Brown INC | Stock-Financials | 5.46% | +1.09% | +30.97% | |
| 5 | V | Visa Inc-class A Shares | Stock-Financials | 5.11% | +0.60% | +12.72% | |
| 6 | DHR | Danaher CORP | Stock-Healthcare | 4.87% | -0.12% | +0.97% | |
| 7 | MAC | Macerich Co/the | Stock-Other | 4.62% | +0.75% | — | |
| 8 | VGSH | Vanguard Short-term Treasury | ETF-Gov Bonds | 4.60% | -0.63% | -24.23% | |
| 9 | THO | Thor Industries INC | Stock-Consumer Disc | 4.42% | +0.09% | +12.39% | |
| 10 | IT | Gartner INC | Stock-Tech | 4.41% | +1.62% | +116.41% | |
| 11 | MAX | Mediaalpha Inc-class A | Stock-Other | 3.67% | +0.06% | +21.21% | |
| 12 | ASML | ASML Holding N.V. | Stock-Tech | 3.67% | +0.38% | -22.70% | |
| 13 | CDW | Cdw Corp/de | Stock-Tech | 3.63% | +0.65% | +17.60% | |
| 14 | FISV | Fiserv INC | Stock-Other | 3.43% | +2.78% | +448.06% | |
| 15 | INTU | Intuit INC | Stock-Tech | 3.13% | +0.59% | +61.82% | |
| 16 | MTBA | Simplify Mbs ETF | ETF-Other | 3.03% | +0.38% | +0.04% | |
| 17 | HEI-A | Heico Corp-class A | Stock-Other | 3.02% | -0.18% | -3.16% | |
| 18 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 2.83% | +0.06% | -3.35% | |
| 19 | OCSL | Oaktree Specialty Lending Co | Stock-Other | 2.63% | +0.04% | -1.75% | |
| 20 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 2.19% | +0.22% | — | |
| 21 | SLRC | Slr Investment CORP | Stock-Other | 2.13% | +0.18% | +0.80% | |
| 22 | SPGI | S&p Global INC | Stock-Financials | 1.82% | +1.53% | +552.06% | |
| 23 | HTGC | Hercules Capital INC | Stock-Financials | 1.82% | -0.16% | +0.48% | |
| 24 | BINC | Ishares Flex I A Etf-usd INC | ETF-Other | 1.79% | +0.23% | +0.07% | |
| 25 | AXP | American Express Co | Stock-Financials | 1.53% | -1.52% | -47.21% | |
| 26 | INFL | Horizon Kinetics Infl Benef | ETF-Other | 1.23% | +1.23% | NEW | |
| 27 | WSO | Watsco INC | Stock-Industrials | 1.05% | +0.22% | — | |
| 28 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.87% | -0.19% | -40.46% | |
| 29 | AKRE | Akre Focus ETF | ETF-Other | 0.83% | +0.83% | NEW | |
| 30 | ARCC | Ares Capital CORP | Stock-Financials | 0.63% | +0.03% | — | |
| 31 | TSLX | Sixth Street Specialty Lendi | Stock-Other | 0.58% | -0.01% | — | |
| 32 | MSFT | Microsoft CORP | Stock-Tech | 0.50% | -0.06% | — | |
| 33 | WBD | Warner Bros Discovery INC | Stock-Comm Services | 0.39% | -9.11% | -96.31% | |
| 34 | CBRE | Cbre Group INC - A | Stock-Real Estate | 0.38% | -1.29% | -77.00% | |
| 35 | SIRI | Sirius Xm Holdings INC | Stock-Comm Services | 0.36% | +0.09% | — | |
| 36 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.32% | +0.08% | — |
Performance for Q3 2026
+4.1%
Performance Last 4 Quarters
-8.9%
Based on 85% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 36 | $84.7M | 31 | |
| 2025-12-31 | 36 | $98.7M | 100 | |
| 2024-03-31 | 42 | $82.4M | 0 | |
| 2023-12-31 | 44 | $76.2M | 0 | |
| 2023-09-30 | 46 | $68.5M | 0 | |
| 2023-06-30 | 57 | $71.9M | 0 | |
| 2023-03-31 | 59 | $68.8M | 0 | |
| 2022-12-31 | 56 | $63.9M | 0 | |
| 2022-09-30 | 55 | $57.6M | 0 | |
| 2022-06-30 | 60 | $67.5M | 0 | |
| 2022-03-31 | 62 | $105.7M | 0 | |
| 2021-12-31 | 64 | $110.1M | 0 | |
| 2020-12-31 | 54 | $90.1M | 36 | |
| 2020-09-30 | 51 | $70.6M | 17 | |
| 2020-06-30 | 52 | $73.9M | 39 | |
| 2020-03-31 | 48 | $57.6M | 73 | |
| 2019-12-31 | 45 | $103.2M | 26 | |
| 2019-09-30 | 45 | $91.9M | 24 | |
| 2019-06-30 | 43 | $96.6M | 19 | |
| 2019-03-31 | 50 | $98.2M | 53 | |
| 2018-12-31 | 51 | $76.4M | 0 |
Triad Investment Management's most significant position changes for 2026-03-31: Sold out: Mohawk Industries INC (MHK); New buy: Horizon Kinetics Infl Benef (INFL); New buy: Akre Focus ETF (AKRE); Sold out: Comcast Corp-class A (CMCSA); Trim: Warner Bros Discovery INC (WBD) — shares -96.31%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | FISV | Fiserv INC | +2.8% | +448.06% | Add |
| 2 | IT | Gartner INC | +1.6% | +116.41% | Add |
| 3 | SPGI | S&p Global INC | +1.5% | +552.06% | Add |
| 4 | WTM | White Mountains Insurance Group, Ltd. | +1.2% | -1.37% | Trim |
| 5 | BRO | Brown & Brown INC | +1.1% | +30.97% | Add |
| 6 | MAC | Macerich Co/the | +0.8% | — | Unchanged |
| 7 | CDW | Cdw Corp/de | +0.7% | +17.60% | Add |
| 8 | V | Visa Inc-class A Shares | +0.6% | +12.72% | Add |
| 9 | INTU | Intuit INC | +0.6% | +61.82% | Add |
| 10 | ASML | ASML Holding N.V. | +0.4% | -22.70% | Trim |
| 11 | MTBA | Simplify Mbs ETF | +0.4% | +0.04% | Add |
| 12 | ROP | Roper Technologies INC | +0.3% | +13.52% | Add |
| 13 | GOOG | Alphabet Inc-cl C | +0.2% | -2.99% | Trim |
| 14 | BINC | Ishares Flex I A Etf-usd INC | +0.2% | +0.07% | Add |
| 15 | BRK-B | Berkshire Hathaway Inc-cl B | +0.2% | — | Unchanged |
| 16 | WSO | Watsco INC | +0.2% | — | Unchanged |
| 17 | SLRC | Slr Investment CORP | +0.2% | +0.80% | Add |
| 18 | THO | Thor Industries INC | +0.1% | +12.39% | Add |
| 19 | SIRI | Sirius Xm Holdings INC | +0.1% | — | Unchanged |
| 20 | MRK | Merck & Co. INC. | +0.1% | — | Unchanged |
| 21 | MAX | Mediaalpha Inc-class A | +0.1% | +21.21% | Add |
| 22 | NXPI | NXP Semiconductors N.V. | +0.1% | -3.35% | Trim |
| 23 | OCSL | Oaktree Specialty Lending Co | 0% | -1.75% | Trim |
| 24 | ARCC | Ares Capital CORP | 0% | — | Unchanged |
| 25 | TSLX | Sixth Street Specialty Lendi | 0% | — | Unchanged |
| 26 | MSFT | Microsoft CORP | -0.1% | — | Unchanged |
| 27 | DHR | Danaher CORP | -0.1% | +0.97% | Add |
| 28 | HTGC | Hercules Capital INC | -0.2% | +0.48% | Add |
| 29 | HEI-A | Heico Corp-class A | -0.2% | -3.16% | Trim |
| 30 | JNJ | Johnson & Johnson | -0.2% | -40.46% | Trim |
| 31 | VGSH | Vanguard Short-term Treasury | -0.6% | -24.23% | Trim |
| 32 | CBRE | Cbre Group INC - A | -1.3% | -77.00% | Trim |
| 33 | AXP | American Express Co | -1.5% | -47.21% | Trim |
| 34 | WBD | Warner Bros Discovery INC | -9.1% | -96.31% | Trim |
| 35 | MHK | Mohawk Industries INC | — | EXIT | Sold out |
| 36 | INFL | Horizon Kinetics Infl Benef | — | NEW | New buy |
| 37 | AKRE | Akre Focus ETF | — | NEW | New buy |
| 38 | CMCSA | Comcast Corp-class A | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-08 | Amendment | View on EDGAR |
| 2026-03-31 | 2026-04-24 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-16 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-12 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-10 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-07-11 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-27 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-18 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-18 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-27 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-04-27 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-20 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-09 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-17 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-12 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-13 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-17 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-17 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-09 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-07 | 13F-HR | View on EDGAR |
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