Triad Investment Management
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 12, 2024), Triad Investment Management reported 42 stock positions worth $82.4 million. Its top holding was Mediaalpha Class A (MAX) at 6.2% of the portfolio, followed by Gartner (IT, 5.8%) and Cannae (CNNE, 5.4%). Compared with Q4 2023, it opened 2 new positions, sold out of 4, added to 17 and reduced 13. The biggest buy was Mediaalpha Class A (MAX, shares +0%) and the biggest sale an exit from Annaly Capital Management (NLY).
- Most Recent 13F
- Q2 2026
- Location
- NEWPORT BEACH, CA
- CIK
- 0001615717
- Portfolio Value
- $82.4M (Q1 2024)
- SEC Filing
- 0001085146-24-001758 ↗ filed Apr 12, 2024
Holdings Value
Holdings 42 stocks · $82.4M
| MAX Mediaalpha Inc. Class A | 6.15% | 248,895 | $5.1M | Add +0.1% |
| IT Gartner Inc. | 5.79% | 10,015 | $4.8M | Reduce -14.5% |
| CNNE Cannae Holdings Inc. | 5.42% | 200,870 | $4.5M | Add +12.3% |
| VGSH Vanguard Short-Term Treasury | 5.27% | 74,838 | $4.3M | Reduce -0.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 4.99% | 75,037 | $4.1M | Reduce -14.0% |
| FISV Fiserv Inc. | 4.87% | 25,093 | $4.0M | Reduce -10.4% |
| THO Thor Industries Inc. | 4.57% | 32,123 | $3.8M | Add +5.1% |
| OCSL Oaktree Specialty Lending Co. | 4.42% | 185,300 | $3.6M | Add +38.4% |
| KMX Carmax Inc. | 4.19% | 39,637 | $3.5M | Add +10.7% |
| SSNC Ss&c Technologies Holdings | 4.16% | 53,204 | $3.4M | Add +2.3% |
| KFY Korn Ferry | 3.99% | 50,035 | $3.3M | Add +1.8% |
| WTM White Mountains Insurance GP | 3.88% | 1,783 | $3.2M | Add +1.0% |
| BRO Brown & Brown Inc. | 3.87% | 36,453 | $3.2M | Reduce -4.8% |
| CDW CDW Corp. | 3.69% | 11,894 | $3.0M | Reduce -7.9% |
| FIS Fidelity National Info Serv | 3.52% | 39,134 | $2.9M | Add +6.0% |
| V Visa Inc. Class A | 2.85% | 8,428 | $2.4M | Reduce -12.6% |
| VAC Marriott Vacations World | 2.77% | 21,179 | $2.3M | Reduce -1.7% |
| ROP Roper Technologies Inc. | 2.68% | 3,943 | $2.2M | Reduce -17.1% |
| WBD Warner Bros Discovery Inc. | 2.47% | 232,876 | $2.0M | Add +22.6% |
| HTGC Hercules Capital Inc. | 2.44% | 109,202 | $2.0M | Add +2.8% |
| AXP American Express Co. | 2.25% | 8,138 | $1.9M | No change |
| MHK Mohawk Industries Inc. | 2.04% | 12,836 | $1.7M | Add +7.2% |
| CBRE CBRE Group Inc. Class A | 1.92% | 16,263 | $1.6M | Reduce -23.6% |
| ENTG Entegris Inc. | 1.91% | 11,184 | $1.6M | Reduce -17.6% |
| SLRC SLR Investment Corp. | 1.75% | 93,929 | $1.4M | Add +2.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.36% | 2,656 | $1.1M | Reduce -6.0% |
| JNJ Johnson & Johnson | 0.97% | 5,064 | $801K | No change |
| DHR Danaher Corp. | 0.85% | 2,803 | $700K | Add +5.1% |
| MSFT Microsoft Corp. | 0.83% | 1,628 | $685K | No change |
| INTU Intuit Inc. | 0.52% | 656 | $426K | No change |
| SPGI S&P Global Inc. | 0.44% | 861 | $366K | Add +0.8% |
| MRK Merck & Co. Inc. | 0.43% | 2,675 | $353K | No change |
| WSO Watsco Inc. | 0.41% | 776 | $335K | Add +1.0% |
| GOOG Alphabet Inc. Class C | 0.37% | 2,020 | $308K | No change |
| CMCSA Comcast Corp. Class A | 0.37% | 6,966 | $302K | No change |
| WFC Wells Fargo & Co. | 0.35% | 5,000 | $290K | No change |
| AMPS Altus Power Inc. | 0.34% | 58,023 | $277K | Add +48.2% |
| GNRC Generac Holdings Inc. | 0.28% | 1,836 | $232K | New |
| RIG Transocean Ltd. | 0.24% | 30,888 | $194K | No change |
| PR Permian Resources Corp. Class A | 0.22% | 10,294 | $182K | Reduce -26.8% |
| CLAR Clarus Corp. | 0.15% | 17,891 | $121K | No change |
| QVCG QVC Group Inc. filed as QURATE RETAIL INC | 0.01% | 10,000 | $12K | New |
Portfolio Sells Q4 2023 → Q1 2024
| NLY Annaly Capital Management Inc. | Sold out | 0.00% | −1.28 |
| IT Gartner Inc. | Reduce -14.5% | 5.79% | −1.14 |
| SLB SLB Ltd. | Reduce -14.0% | 4.99% | −0.97 |
| ROP Roper Technologies Inc. | Reduce -17.1% | 2.68% | −0.72 |
| CBRE CBRE Group Inc. Class A | Reduce -23.6% | 1.92% | −0.68 |
| VGSH Vanguard Short-Term Treasury | Reduce -0.1% | 5.27% | −0.46 |
| V Visa Inc. Class A | Reduce -12.6% | 2.85% | −0.44 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.37 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.30 |
| ENTG Entegris Inc. | Reduce -17.6% | 1.91% | −0.23 |
| PSFE Paysafe Ltd. | Sold out | 0.00% | −0.17 |
| CDW CDW Corp. | Reduce -7.9% | 3.69% | −0.16 |
| PR Permian Resources Corp. Class A | Reduce -26.8% | 0.22% | −0.03 |
| FISV Fiserv Inc. | Reduce -10.4% | 4.87% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.0% | 1.36% | +0.03 |
| BRO Brown & Brown Inc. | Reduce -4.8% | 3.87% | +0.30 |
| VAC Marriott Vacations World | Reduce -1.7% | 2.77% | +0.37 |
Portfolio Buys Q4 2023 → Q1 2024
| MAX Mediaalpha Inc. Class A | Add +0.1% | 6.15% | +2.51 |
| CNNE Cannae Holdings Inc. | Add +12.3% | 5.42% | +0.84 |
| OCSL Oaktree Specialty Lending Co. | Add +38.4% | 4.42% | +0.83 |
| FIS Fidelity National Info Serv | Add +6.0% | 3.52% | +0.61 |
| KMX Carmax Inc. | Add +10.7% | 4.19% | +0.58 |
| MHK Mohawk Industries Inc. | Add +7.2% | 2.04% | +0.41 |
| WTM White Mountains Insurance GP | Add +1.0% | 3.88% | +0.39 |
| GNRC Generac Holdings Inc. | New | 0.28% | +0.28 |
| KFY Korn Ferry | Add +1.8% | 3.99% | +0.16 |
| HTGC Hercules Capital Inc. | Add +2.8% | 2.44% | +0.12 |
| DHR Danaher Corp. | Add +5.1% | 0.85% | +0.04 |
| QVCG QVC Group Inc. | New | 0.01% | +0.01 |
| AMPS Altus Power Inc. | Add +48.2% | 0.34% | −0.01 |
| SSNC Ss&c Technologies Holdings | Add +2.3% | 4.16% | −0.02 |
| WSO Watsco Inc. | Add +1.0% | 0.41% | −0.03 |
| SPGI S&P Global Inc. | Add +0.8% | 0.44% | −0.05 |
| SLRC SLR Investment Corp. | Add +2.7% | 1.75% | −0.05 |
| THO Thor Industries Inc. | Add +5.1% | 4.57% | −0.17 |
| WBD Warner Bros Discovery Inc. | Add +22.6% | 2.47% | −0.37 |