Triad Investment Management

CIK

1615717

Location

NEWPORT BEACH, CA

Portfolio Value

Micro $66,572,053

Diversification

Diversified

Filing Date

Global Rank

#6,416 / 8,603 ▼ 138 · as of Mar 2026

Top Industry

Software - Application 11.8%

3Y Alpha vs SPY

-17.5%

Period ended 3 months ago

Filed May 8, 2026 · 2mo

16 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+7.8%

SPY

+76.5%

Annualised alpha

-18.3%

Max drawdown

−21.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

29 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.3%

−3.5 pts

Top 5

35.3%

−1.7 pts

Top 10

61.7%

+0.6 pts

HHI

507

Diversified−13

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	38.6%	$25,684,508	11
Technology	30.4%	$20,261,550	7
Healthcare	7.7%	$5,128,051	3
Real Estate	6.4%	$4,229,313	2
Consumer Cyclical	5.6%	$3,739,810	1
Communication Services	5.6%	$3,737,142	3
Unclassified	4.4%	$2,902,213	1
Industrials	1.3%	$889,466	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

13 positions

Ticker	Company	Δ Shares	Shares	Value
MAX	MediaAlpha, Inc.	+58,427	333,864	$3,104,935
FISV	Fiserv Inc	+42,521	52,011	$2,902,213
BRO	Brown & Brown, Inc.	+16,763	70,885	$4,622,410
IT	Gartner Inc	+12,696	23,602	$3,737,140
THO	Thor Industries Inc	+5,160	46,812	$3,739,810
CDW	CDW Corp	+3,799	25,384	$3,071,971
SPGI	S&P Global Inc.	+3,075	3,632	$1,461,527
INTU	Intuit Inc.	+2,345	6,138	$2,653,948
ROP	Roper Technologies Inc	+1,642	13,786	$4,878,313
V	Visa Inc.	+1,616	14,321	$4,328,379
SLRC	SLR Investment Corp.	+1,000	125,814	$1,800,398
HTGC	Hercules Capital, Inc.	+500	104,563	$1,544,395
DHR	Danaher Corp /De/	+208	21,748	$4,123,420
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
WBD	Warner Bros. Discovery, Inc.	−313,565	12,009	$329,767
CBRE	Cbre Group, Inc.	−7,874	2,352	$318,601
AXP	American Express Co	−3,842	4,296	$1,299,454
OCSL	Oaktree Specialty Lending Corp	−3,523	197,330	$2,229,829
JNJ	Johnson & Johnson	−2,049	3,015	$736,986
ASML	Asml Holding NV	−690	2,350	$3,103,950
NXPI	NXP Semiconductors N.V.	−422	12,164	$2,394,605
WTM	White Mountains Insurance Group Ltd	−35	2,513	$5,520,960
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
MHK	Mohawk Industries Inc	17,102	$1,869,248
CMCSA	Comcast Corp	6,882	$192,786
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

29 positions · $66,572,053 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
WTM	White Mountains Insurance Group Ltd Financial Services	Reduced	2,513	-35	$5,520,960	+4.3%	8.29%
ROP	Roper Technologies Inc Technology	Added	13,786	+1,642	$4,878,313	−9.8%	7.33%
BRO	Brown & Brown, Inc. Financial Services	Added	70,885	+16,763	$4,622,410	+7.2%	6.94%
V	Visa Inc. Financial Services	Added	14,321	+1,616	$4,328,379	−2.9%	6.50%
DHR	Danaher Corp /De/ Healthcare	Added	21,748	+208	$4,123,420	−16.4%	6.19%
MAC	Macerich Co Real Estate	Held	206,916	0	$3,910,712	+2.4%	5.87%
THO	Thor Industries Inc Consumer Cyclical	Added	46,812	+5,160	$3,739,810	−12.5%	5.62%
IT	Gartner Inc Technology	Added	23,602	+12,696	$3,737,140	+35.8%	5.61%
MAX	MediaAlpha, Inc. Communication Services	Added	333,864	+58,427	$3,104,935	−13.0%	4.66%
ASML	Asml Holding NV Technology	Reduced	2,350	-690	$3,103,950	−4.6%	4.66%
CDW	CDW Corp Technology	Added	25,384	+3,799	$3,071,971	+4.5%	4.61%
FISV	Fiserv Inc	Added	52,011	+42,521	$2,902,213	+355.3%	4.36%
INTU	Intuit Inc. Technology	Added	6,138	+2,345	$2,653,948	+5.6%	3.99%
NXPI	NXP Semiconductors N.V. Technology	Reduced	12,164	-422	$2,394,605	−12.3%	3.60%
OCSL	Oaktree Specialty Lending Corp Financial Services	Reduced	197,330	-3,523	$2,229,829	−12.9%	3.35%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	3,876	0	$1,857,379	−4.7%	2.79%
SLRC	SLR Investment Corp. Financial Services	Added	125,814	+1,000	$1,800,398	−6.7%	2.70%
HTGC	Hercules Capital, Inc. Financial Services	Added	104,563	+500	$1,544,395	−21.1%	2.32%
SPGI	S&P Global Inc. Financial Services	Added	3,632	+3,075	$1,461,527	+430.7%	2.20%
AXP	American Express Co Financial Services	Reduced	4,296	-3,842	$1,299,454	−56.8%	1.95%
WSO	Watsco Inc Industrials	Held	2,445	0	$889,466	+8.0%	1.34%
JNJ	Johnson & Johnson Healthcare	Reduced	3,015	-2,049	$736,986	−29.7%	1.11%
ARCC	Ares Capital Corp Financial Services	Held	29,458	0	$530,833	−10.9%	0.80%
TSLX	Sixth Street Specialty Lending, Inc. Financial Services	Held	26,602	0	$488,944	−15.4%	0.73%
MSFT	Microsoft Corp Technology	Held	1,139	0	$421,623	−23.5%	0.63%
WBD	Warner Bros. Discovery, Inc. Communication Services	Reduced	12,009	-313,565	$329,767	−96.5%	0.50%
CBRE	Cbre Group, Inc. Real Estate	Reduced	2,352	-7,874	$318,601	−80.6%	0.48%
SIRI	Sirius Xm Holdings Inc. Communication Services	Held	13,104	0	$302,440	+15.4%	0.45%
MRK	Merck & Co., Inc. Healthcare	Held	2,225	0	$267,645	+14.3%	0.40%