Triad Investment Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Triad Investment Management reported 36 stock positions worth $84.7 million. Its top holding was Alphabet Class C (GOOG) at 6.8% of the portfolio, followed by White Mountains Insurance GP (WTM, 6.5%) and Roper Technologies (ROP, 5.8%). Compared with Q4 2025, it opened 2 new positions, sold out of 2, added to 15 and reduced 11. The biggest buy was Fiserv (FISV, shares +448%) and the biggest sale Warner Bros Discovery (WBD, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- NEWPORT BEACH, CA
- CIK
- 0001615717
- Portfolio Value
- $84.7M (Q1 2026)
- SEC Filing
- 0001615717-26-000004 ↗ filed May 8, 2026
Holdings Value
Holdings 36 stocks · $84.7M
| GOOG Alphabet Inc. Class C | 6.79% | 20,031 | $5.7M | Reduce -3.0% |
| WTM White Mountains Insurance GP | 6.52% | 2,513 | $5.5M | Reduce -1.4% |
| ROP Roper Technologies Inc. | 5.76% | 13,786 | $4.9M | Add +13.5% |
| BRO Brown & Brown Inc. | 5.46% | 70,885 | $4.6M | Add +31.0% |
| V Visa Inc. Class A | 5.11% | 14,321 | $4.3M | Add +12.7% |
| DHR Danaher Corp. | 4.87% | 21,748 | $4.1M | Add +1.0% |
| MAC The Macerich Co. | 4.62% | 206,916 | $3.9M | No change |
| VGSH Vanguard Short-Term Treasury | 4.60% | 66,562 | $3.9M | Reduce -24.2% |
| THO Thor Industries Inc. | 4.42% | 46,812 | $3.7M | Add +12.4% |
| IT Gartner Inc. | 4.41% | 23,602 | $3.7M | Add +116.4% |
| MAX Mediaalpha Inc. Class A | 3.67% | 333,864 | $3.1M | Add +21.2% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 3.67% | 2,350 | $3.1M | Reduce -22.7% |
| CDW CDW Corp. | 3.63% | 25,384 | $3.1M | Add +17.6% |
| FISV Fiserv Inc. | 3.43% | 52,011 | $2.9M | Add +448.1% |
| INTU Intuit Inc. | 3.13% | 6,138 | $2.7M | Add +61.8% |
| MTBA Simplify MBS ETF | 3.03% | 51,829 | $2.6M | Add +0.0% |
| HEI.A Heico Corp. Class A | 3.02% | 12,126 | $2.6M | Reduce -3.2% |
| NXPI NXP Semiconductors NV | 2.83% | 12,164 | $2.4M | Reduce -3.4% |
| OCSL Oaktree Specialty Lending Co. | 2.63% | 197,330 | $2.2M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.19% | 3,876 | $1.9M | No change |
| SLRC SLR Investment Corp. | 2.13% | 125,814 | $1.8M | Add +0.8% |
| SPGI S&P Global Inc. | 1.82% | 3,632 | $1.5M | Add +552.1% |
| HTGC Hercules Capital Inc. | 1.82% | 104,563 | $1.5M | Add +0.5% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.79% | 29,213 | $1.5M | Add +0.1% |
| AXP American Express Co. | 1.53% | 4,296 | $1.3M | Reduce -47.2% |
| INFL Horizon Kinetics Infl Benef | 1.23% | 20,050 | $1.0M | New |
| WSO Watsco Inc. | 1.05% | 2,445 | $889K | No change |
| JNJ Johnson & Johnson | 0.87% | 3,015 | $737K | Reduce -40.5% |
| AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO | 0.83% | 13,347 | $705K | New |
| ARCC Ares Capital Corp. | 0.63% | 29,458 | $531K | No change |
| TSLX Sixth Street Specialty Lendi | 0.58% | 26,602 | $489K | No change |
| MSFT Microsoft Corp. | 0.50% | 1,139 | $422K | No change |
| WBD Warner Bros Discovery Inc. | 0.39% | 12,009 | $330K | Reduce -96.3% |
| CBRE CBRE Group Inc. Class A | 0.38% | 2,352 | $319K | Reduce -77.0% |
| SIRI Sirius XM Holdings Inc. | 0.36% | 13,104 | $302K | No change |
| MRK Merck & Co. Inc. | 0.32% | 2,225 | $268K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| WBD Warner Bros Discovery Inc. | Reduce -96.3% | 0.39% | −9.11 |
| MHK Mohawk Industries Inc. | Sold out | 0.00% | −1.89 |
| AXP American Express Co. | Reduce -47.2% | 1.53% | −1.51 |
| CBRE CBRE Group Inc. Class A | Reduce -77.0% | 0.38% | −1.29 |
| VGSH Vanguard Short-Term Treasury | Reduce -24.2% | 4.60% | −0.62 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.21 |
| JNJ Johnson & Johnson | Reduce -40.5% | 0.87% | −0.19 |
| HEI.A Heico Corp. Class A | Reduce -3.2% | 3.02% | −0.18 |
| OCSL Oaktree Specialty Lending Co. | Reduce -1.8% | 2.63% | +0.04 |
| NXPI NXP Semiconductors NV | Reduce -3.4% | 2.83% | +0.06 |
| GOOG Alphabet Inc. Class C | Reduce -3.0% | 6.79% | +0.22 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -22.7% | 3.67% | +0.37 |
| WTM White Mountains Insurance GP | Reduce -1.4% | 6.52% | +1.16 |
Portfolio Buys Q4 2025 → Q1 2026
| FISV Fiserv Inc. | Add +448.1% | 3.43% | +2.78 |
| IT Gartner Inc. | Add +116.4% | 4.41% | +1.63 |
| SPGI S&P Global Inc. | Add +552.1% | 1.82% | +1.53 |
| INFL Horizon Kinetics Infl Benef | New | 1.23% | +1.23 |
| BRO Brown & Brown Inc. | Add +31.0% | 5.46% | +1.09 |
| AKRE Akre Focus ETF | New | 0.83% | +0.83 |
| CDW CDW Corp. | Add +17.6% | 3.63% | +0.65 |
| V Visa Inc. Class A | Add +12.7% | 5.11% | +0.60 |
| INTU Intuit Inc. | Add +61.8% | 3.13% | +0.59 |
| MTBA Simplify MBS ETF | Add +0.0% | 3.03% | +0.38 |
| ROP Roper Technologies Inc. | Add +13.5% | 5.76% | +0.29 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +0.1% | 1.79% | +0.23 |
| SLRC SLR Investment Corp. | Add +0.8% | 2.13% | +0.17 |
| THO Thor Industries Inc. | Add +12.4% | 4.42% | +0.08 |
| MAX Mediaalpha Inc. Class A | Add +21.2% | 3.67% | +0.05 |
| DHR Danaher Corp. | Add +1.0% | 4.87% | −0.13 |
| HTGC Hercules Capital Inc. | Add +0.5% | 1.82% | −0.16 |