TI
Triad Investment Management Quarterly 13F Portfolio Update (Q2 2026)
Triad Investment ManagementCIK: 0001615717
ContrarianSector-focusedQuality / disciplined sizing
Total reported value
$90.7M
Reporting period: 2026-06-30 · Number of holdings: 34
Triad Investment Management disclosed 34 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $90.7M and a quarterly turnover rate of 41.6%.
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Personality snowflake
- Concentration
- 16.05
- Portfolio Stability
- 41.59
- Momentum
- 0
- Sector conviction
- 88.88
- Diversification
- 68
- Sizing Uniformity
- 93.87
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 34 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 0.61), 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 70% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy NVR
Sold out DHR
Sold out MTBA
Trim VGSH
-85.3% -$1.8M
New buy ACGL
Add MSFT
+94.2% $2.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVR | Nvr Inc | Stock-Consumer Disc | 6.54% | +6.54% | NEW | |
| 2 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 5.80% | -0.99% | -75.55% | |
| 3 | V | Visa Inc-class A Shares | Stock-Financials | 5.75% | +0.64% | -64.84% | |
| 4 | WTM | White Mountains Insurance Group, Ltd. | Stock-Financials | 5.65% | -0.87% | -67.60% | |
| 5 | MAX | Mediaalpha Inc-class A | Stock-Other | 5.11% | +1.44% | -60.98% | |
| 6 | ASML | ASML Holding N.V. | Stock-Tech | 4.87% | +1.20% | -71.22% | |
| 7 | CDW | Cdw Corp/de | Stock-Tech | 4.74% | +1.11% | -59.88% | |
| 8 | ROP | Roper Technologies Inc | Stock-Tech | 4.61% | -1.15% | -68.48% | |
| 9 | BRO | Brown & Brown Inc | Stock-Financials | 4.57% | -0.89% | -69.78% | |
| 10 | IT | Gartner Inc | Stock-Tech | 4.36% | -0.05% | -50.51% | |
| 11 | THO | Thor Industries Inc | Stock-Consumer Disc | 4.30% | -0.12% | -60.74% | |
| 12 | FISV | Fiserv Inc | Stock-Other | 3.88% | +0.45% | -37.40% | |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 3.49% | +1.30% | -45.55% | |
| 14 | HEI-A | Heico Corp-class A | Stock-Other | 3.33% | +0.31% | -68.23% | |
| 15 | MAC | Macerich Co/the | Stock-Other | 2.97% | -1.65% | -82.78% | |
| 16 | MSFT | Microsoft CORP | Stock-Tech | 2.73% | +2.23% | +94.18% | |
| 17 | SPGI | S&p Global Inc | Stock-Financials | 2.63% | +0.81% | -25.98% | |
| 18 | INTU | Intuit Inc | Stock-Tech | 2.46% | -0.67% | -51.42% | |
| 19 | BINC | Ishares Flex I A Etf-usd Inc | ETF-Other | 2.29% | +0.50% | -54.64% | |
| 20 | VGSH | Vanguard Short-term Treasury | ETF-Gov Bonds | 2.28% | -2.32% | -85.34% | |
| 21 | ACGL | Arch Capital Group Ltd. | Stock-Financials | 2.24% | +2.24% | NEW | |
| 22 | HTGC | Hercules Capital Inc | Stock-Financials | 2.17% | +0.35% | -60.02% | |
| 23 | AKRE | Akre Focus ETF | ETF-Other | 2.15% | +1.32% | +36.28% | |
| 24 | SLRC | Slr Investment CORP | Stock-Other | 2.07% | -0.06% | -59.50% | |
| 25 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 2.03% | -0.80% | -82.30% | |
| 26 | AXP | American Express Co | Stock-Financials | 1.60% | +0.07% | -74.32% | |
| 27 | OCSL | Oaktree Specialty Lending Co | Stock-Other | 1.17% | -1.46% | -85.22% | |
| 28 | WSO | Watsco Inc | Stock-Industrials | 1.12% | +0.07% | -66.67% | |
| 29 | INFL | Horizon Kinetics Infl Benef | ETF-Other | 1.06% | -0.17% | -68.35% | |
| 30 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.68% | -0.19% | -78.23% | |
| 31 | SIRI | Sirius Xm Holdings Inc | Stock-Comm Services | 0.41% | +0.05% | -67.94% | |
| 32 | ARCC | Ares Capital CORP | Stock-Financials | 0.40% | -0.23% | -77.96% | |
| 33 | CBRE | Cbre Group Inc - A | Stock-Real Estate | 0.28% | -0.10% | -87.60% | |
| 34 | TSLX | Sixth Street Specialty Lendi | Stock-Other | 0.27% | -0.31% | -82.36% |
Portfolio Performance
Performance for Q3 2026
+8.3%
Performance Last 4 Quarters
+1.4%
- Stdev
- +15.1%
- Beta
- +0.88
- Alpha
- -12.7%
- Max Drawdown
- -18.9%
- Annualized Perf
- +3.9%
- Batting Avg vs S&P
- +30.6%
- Sortino
- +0.51
- Stutzer
- +0.1
- Treynor
- +0.06
- Sterling
- +0.19
- Calmar
- +0.2
- Information Ratio
- -1.5
- Tracking Error
- +10%
- Stdev Down
- +9.7%
- Winning Months %
- +55.6%
- Losing Months %
- +44.4%
- Best 12 Months
- +28.5%
- Worst 12 Months
- -12.8%
- Efficiency Ratio
- +0.09
- Sharpe
- +0.32
- Stdev Sectors
- +14.8%
- Skewness
- +0.03
- Kurtosis
- -0.84
- Upside Potential
- +2.46
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 34 | $90.7M | 42 | ||
| 2026 Q1 | 36 | $84.7M | 31 | ||
| 2025 Q4 | 36 | $98.7M | 100 | ||
| 2024 Q1 | 42 | $82.4M | 0 | ||
| 2023 Q4 | 44 | $76.2M | 0 | ||
| 2023 Q3 | 46 | $68.5M | 0 | ||
| 2023 Q2 | 57 | $71.9M | 0 | ||
| 2023 Q1 | 59 | $68.8M | 0 | ||
| 2022 Q4 | 56 | $63.9M | 0 | ||
| 2022 Q3 | 55 | $57.6M | 0 | ||
| 2022 Q2 | 60 | $67.5M | 0 | ||
| 2022 Q1 | 62 | $105.7M | 0 | ||
| 2021 Q4 | 64 | $110.1M | 0 | ||
| 2020 Q4 | 54 | $90.1M | 36 | ||
| 2020 Q3 | 51 | $70.6M | 17 | ||
| 2020 Q2 | 52 | $73.9M | 39 | ||
| 2020 Q1 | 48 | $57.6M | 73 | ||
| 2019 Q4 | 45 | $103.2M | 26 | ||
| 2019 Q3 | 45 | $91.9M | 24 | ||
| 2019 Q2 | 43 | $96.6M | 19 | ||
| 2019 Q1 | 50 | $98.2M | 53 | ||
| 2018 Q4 | 51 | $76.4M | 0 |
Holding changes this quarter
Triad Investment Management's most significant position changes for 2026-06-30: New buy: Nvr Inc (NVR); Sold out: Danaher CORP (DHR); Sold out: Simplify Mbs ETF (MTBA); New buy: Arch Capital Group Ltd. (ACGL); Sold out: Warner Bros Discovery Inc (WBD).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NVR | Nvr Inc | +6.5% | NEW | New buy |
| 2 | ACGL | Arch Capital Group Ltd. | +2.2% | NEW | New buy |
| 3 | MSFT | Microsoft CORP | +2.2% | +94.18% | Add |
| 4 | MAX | Mediaalpha Inc-class A | +1.4% | -60.98% | Add |
| 5 | AKRE | Akre Focus ETF | +1.3% | +36.28% | Add |
| 6 | BRK-B | Berkshire Hathaway Inc-cl B | +1.3% | -45.55% | Add |
| 7 | ASML | ASML Holding N.V. | +1.2% | -71.22% | Trim |
| 8 | CDW | Cdw Corp/de | +1.1% | -59.88% | Add |
| 9 | SPGI | S&p Global Inc | +0.8% | -25.98% | Add |
| 10 | V | Visa Inc-class A Shares | +0.6% | -64.84% | Add |
| 11 | BINC | Ishares Flex I A Etf-usd Inc | +0.5% | -54.64% | Add |
| 12 | FISV | Fiserv Inc | +0.5% | -37.40% | Add |
| 13 | HTGC | Hercules Capital Inc | +0.4% | -60.02% | Add |
| 14 | HEI-A | Heico Corp-class A | +0.3% | -68.23% | Trim |
| 15 | AXP | American Express Co | +0.1% | -74.32% | Unchanged |
| 16 | WSO | Watsco Inc | +0.1% | -66.67% | Unchanged |
| 17 | SIRI | Sirius Xm Holdings Inc | +0.1% | -67.94% | Trim |
| 18 | IT | Gartner Inc | -0.1% | -50.51% | Add |
| 19 | SLRC | Slr Investment CORP | -0.1% | -59.50% | Add |
| 20 | CBRE | Cbre Group Inc - A | -0.1% | -87.60% | Trim |
| 21 | THO | Thor Industries Inc | -0.1% | -60.74% | Add |
| 22 | INFL | Horizon Kinetics Infl Benef | -0.2% | -68.35% | Trim |
| 23 | JNJ | Johnson & Johnson | -0.2% | -78.23% | Trim |
| 24 | ARCC | Ares Capital CORP | -0.2% | -77.96% | Trim |
| 25 | TSLX | Sixth Street Specialty Lendi | -0.3% | -82.36% | Trim |
| 26 | MRK | Merck & Co. Inc. | -0.3% | EXIT | Sold out |
| 27 | WBD | Warner Bros Discovery Inc | -0.4% | EXIT | Sold out |
| 28 | INTU | Intuit Inc | -0.7% | -51.42% | Add |
| 29 | NXPI | NXP Semiconductors N.V. | -0.8% | -82.30% | Trim |
| 30 | WTM | White Mountains Insurance Group, Ltd. | -0.9% | -67.60% | Trim |
| 31 | BRO | Brown & Brown Inc | -0.9% | -69.78% | Trim |
| 32 | GOOG | Alphabet Inc-cl C | -1% | -75.55% | Trim |
| 33 | ROP | Roper Technologies Inc | -1.2% | -68.48% | Trim |
| 34 | OCSL | Oaktree Specialty Lending Co | -1.5% | -85.22% | Trim |
| 35 | MAC | Macerich Co/the | -1.7% | -82.78% | Trim |
| 36 | VGSH | Vanguard Short-term Treasury | -2.3% | -85.34% | Trim |
| 37 | MTBA | Simplify Mbs ETF | -3% | EXIT | Sold out |
| 38 | DHR | Danaher CORP | -4.9% | EXIT | Sold out |
Filing History
FAQ
What is Triad Investment Management and what type of investor is it?
Triad Investment Management is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $90.7M, spread across 34 disclosed positions.
What are Triad Investment Management's largest equity positions?
Based on the latest 13F filing, Triad Investment Management's top holdings by market value are:
1. Nvr Inc (NVR) — $5.9M (6.5%)
2. Alphabet Inc-cl C (GOOG) — $5.3M (5.8%)
3. Visa Inc-class A Shares (V) — $5.2M (5.8%)
4. White Mountains Insurance Group, Ltd. (WTM) — $5.1M (5.7%)
5. Mediaalpha Inc-class A (MAX) — $4.6M (5.1%)
What changes did Triad Investment Management make in its most recent portfolio filing?
In the latest reported quarter, Triad Investment Management made 36 notable position adjustments: 2 new positions were initiated, 14 existing holdings were added to, 16 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Nvr Inc (NVR); Sold out: Danaher CORP (DHR); Sold out: Simplify Mbs ETF (MTBA); New buy: Arch Capital Group Ltd. (ACGL); Sold out: Warner Bros Discovery Inc (WBD)
What sectors does Triad Investment Management focus on?
Triad Investment Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.9%
• Financials: 35.8%
• Consumer Discretionary: 15.5%
• Communication Services: 8.9%
• Industrials: 1.6%
• Health Care: 1.0%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Triad Investment Management returned an annualized 3.9% over the trailing 36 months — underperforming the S&P 500 by 12.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.88 (less volatile than the market) and a 31% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 36.9% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 42 over the past 4 quarters — a shift toward more active trading.
It has added to its MSFT position for two straight quarters, increasing it by $1.9M to reach $2.5M.
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Developer Access
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