Triad Investment Management Long-Term Concentrated

Location: Newport Beach, CA

CIK: 0001615717 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Jan 16, 2026

Total Value: $98.73M (100.0% shares, 0.0% debt)

Holdings (36)

WBD WARNER BROS DISCOVERY INC 9.5%

Value $9.383M Shares 325,574 Share Price $28.82 Est. Cost/Share $17.65 Unrealized @ Report Date +63.3%

GOOG ALPHABET INC 6.6%

Value $6.479M Shares 20,648 Share Price $313.80 Est. Cost/Share $267.70 Unrealized @ Report Date +17.2%

ROP ROPER TECHNOLOGIES INC 5.5%

Value $5.406M Shares 12,144 Share Price $445.15 Est. Cost/Share $462.89 Unrealized @ Report Date -4.0%

WTM WHITE MTNS INS GROUP LTD 5.4%

Value $5.294M Shares 2,548 Share Price $2077.87 Est. Cost/Share $1345.84 Unrealized @ Report Date +54.4%

VGSH VANGUARD SCOTTSDALE FDS 5.2%

Value $5.159M Shares 87,845 Share Price $58.73 Est. Cost/Share $57.88 Unrealized @ Report Date +1.5%

DHR DANAHER CORPORATION 5.0%

Value $4.931M Shares 21,540 Share Price $228.92 Est. Cost/Share $218.55 Unrealized @ Report Date +4.7%

V VISA INC 4.5%

Value $4.456M Shares 12,705 Share Price $350.71 Est. Cost/Share $249.44 Unrealized @ Report Date +40.6%

BRO BROWN & BROWN INC 4.4%

Value $4.314M Shares 54,122 Share Price $79.70 Est. Cost/Share $69.22 Unrealized @ Report Date +15.1%

THO THOR INDS INC 4.3%

Value $4.276M Shares 41,652 Share Price $102.67 Est. Cost/Share $81.66 Unrealized @ Report Date +25.1%

MAC MACERICH CO 3.9%

Value $3.82M Shares 206,916 Share Price $18.46 Est. Cost/Share $18.46 Unrealized @ Report Date —

MAX MEDIAALPHA INC 3.6%

Value $3.567M Shares 275,437 Share Price $12.95 Est. Cost/Share $9.70 Unrealized @ Report Date +33.6%

ASML ASML HOLDING N V 3.3%

Value $3.252M Shares 3,040 Share Price $1069.86 Est. Cost/Share $1043.15 Unrealized @ Report Date +2.6%

HEI/A HEICO CORP NEW 3.2%

Value $3.161M Shares 12,522 Share Price $252.43 Est. Cost/Share $246.96 Unrealized @ Report Date +2.2%

AXP AMERICAN EXPRESS CO 3.0%

Value $3.011M Shares 8,138 Share Price $369.95 Est. Cost/Share $96.20 Unrealized @ Report Date +283.7%

CDW CDW CORP 3.0%

Value $2.94M Shares 21,585 Share Price $136.20 Est. Cost/Share $136.40 Unrealized @ Report Date -0.1%

IT GARTNER INC 2.8%

Value $2.751M Shares 10,906 Share Price $252.29 Est. Cost/Share $173.08 Unrealized @ Report Date +45.8%

NXPI NXP SEMICONDUCTORS N V 2.8%

Value $2.732M Shares 12,586 Share Price $217.06 Est. Cost/Share $213.68 Unrealized @ Report Date +1.6%

MTBA SIMPLIFY EXCHANGE TRADED FUN 2.6%

Value $2.612M Shares 51,809 Share Price $50.41 Est. Cost/Share $50.48 Unrealized @ Report Date -0.1%

OCSL OAKTREE SPECIALTY LENDING CO 2.6%

Value $2.559M Shares 200,853 Share Price $12.74 Est. Cost/Share $19.48 Unrealized @ Report Date -34.6%

INTU INTUIT 2.5%

Value $2.513M Shares 3,793 Share Price $662.42 Est. Cost/Share $616.16 Unrealized @ Report Date +7.5%

HTGC HERCULES CAPITAL INC 2.0%

Value $1.958M Shares 104,063 Share Price $18.82 Est. Cost/Share $13.47 Unrealized @ Report Date +39.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 2.0%

Value $1.948M Shares 3,876 Share Price $502.65 Est. Cost/Share $336.79 Unrealized @ Report Date +49.2%

SLRC SLR INVESTMENT CORP 2.0%

Value $1.93M Shares 124,814 Share Price $15.46 Est. Cost/Share $11.10 Unrealized @ Report Date +39.3%

MHK MOHAWK INDS INC 1.9%

Value $1.869M Shares 17,102 Share Price $109.30 Est. Cost/Share $120.23 Unrealized @ Report Date -9.1%

CBRE CBRE GROUP INC 1.7%

Value $1.644M Shares 10,226 Share Price $160.79 Est. Cost/Share $44.60 Unrealized @ Report Date +260.5%

BINC BLACKROCK ETF TRUST II 1.6%

Value $1.541M Shares 29,193 Share Price $52.77 Est. Cost/Share $53.07 Unrealized @ Report Date -0.6%

JNJ JOHNSON & JOHNSON 1.1%

Value $1.048M Shares 5,064 Share Price $206.95 Est. Cost/Share $113.58 Unrealized @ Report Date +82.2%

WSO WATSCO INC 0.8%

Value $824K Shares 2,445 Share Price $336.95 Est. Cost/Share $339.40 Unrealized @ Report Date -0.7%

FISV FISERV INC 0.6%

Value $637K Shares 9,490 Share Price $67.17 Est. Cost/Share $103.68 Unrealized @ Report Date -35.2%

ARCC ARES CAPITAL CORP 0.6%

Value $596K Shares 29,458 Share Price $20.23 Est. Cost/Share $19.79 Unrealized @ Report Date +2.2%

TSLX SIXTH STREET SPECIALTY LENDI 0.6%

Value $578K Shares 26,602 Share Price $21.72 Est. Cost/Share $21.81 Unrealized @ Report Date -0.4%

MSFT MICROSOFT CORP 0.6%

Value $551K Shares 1,139 Share Price $483.62 Est. Cost/Share $119.88 Unrealized @ Report Date +303.4%

SPGI S&P GLOBAL INC 0.3%

Value $291K Shares 557 Share Price $522.59 Est. Cost/Share $417.12 Unrealized @ Report Date +25.3%

SIRI SIRIUSXM HOLDINGS INC 0.3%

Value $262K Shares 13,104 Share Price $19.99 Est. Cost/Share $21.49 Unrealized @ Report Date -7.0%

MRK MERCK & CO INC 0.2%

Value $234K Shares 2,225 Share Price $105.26 Est. Cost/Share $56.97 Unrealized @ Report Date +84.8%

CMCSA COMCAST CORP NEW 0.2%

Value $206K Shares 6,882 Share Price $29.89 Est. Cost/Share $30.61 Unrealized @ Report Date -2.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WBD	WARNER BROS DISCOVERY INC	325,574	$9.383M	9.5%	$28.82	$17.65	+63.3%	COM SER A	934423104
GOOG	ALPHABET INC	20,648	$6.479M	6.6%	$313.80	$267.70	+17.2%	CAP STK CL C	02079K107
ROP	ROPER TECHNOLOGIES INC	12,144	$5.406M	5.5%	$445.15	$462.89	-4.0%	COM	776696106
WTM	WHITE MTNS INS GROUP LTD	2,548	$5.294M	5.4%	$2077.87	$1345.84	+54.4%	COM	G9618E107
VGSH	VANGUARD SCOTTSDALE FDS	87,845	$5.159M	5.2%	$58.73	$57.88	+1.5%	SHORT TERM TREAS	92206C102
DHR	DANAHER CORPORATION	21,540	$4.931M	5.0%	$228.92	$218.55	+4.7%	COM	235851102
V	VISA INC	12,705	$4.456M	4.5%	$350.71	$249.44	+40.6%	COM CL A	92826C839
BRO	BROWN & BROWN INC	54,122	$4.314M	4.4%	$79.70	$69.22	+15.1%	COM	115236101
THO	THOR INDS INC	41,652	$4.276M	4.3%	$102.67	$81.66	+25.1%	COM	885160101
MAC	MACERICH CO	206,916	$3.82M	3.9%	$18.46	$18.46	—	COM	554382101
MAX	MEDIAALPHA INC	275,437	$3.567M	3.6%	$12.95	$9.70	+33.6%	CL A	58450V104
ASML	ASML HOLDING N V	3,040	$3.252M	3.3%	$1069.86	$1043.15	+2.6%	N Y REGISTRY SHS	N07059210
HEI/A	HEICO CORP NEW	12,522	$3.161M	3.2%	$252.43	$246.96	+2.2%	CL A	422806208
AXP	AMERICAN EXPRESS CO	8,138	$3.011M	3.0%	$369.95	$96.20	+283.7%	COM	025816109
CDW	CDW CORP	21,585	$2.94M	3.0%	$136.20	$136.40	-0.1%	COM	12514G108
IT	GARTNER INC	10,906	$2.751M	2.8%	$252.29	$173.08	+45.8%	COM	366651107
NXPI	NXP SEMICONDUCTORS N V	12,586	$2.732M	2.8%	$217.06	$213.68	+1.6%	COM	N6596X109
MTBA	SIMPLIFY EXCHANGE TRADED FUN	51,809	$2.612M	2.6%	$50.41	$50.48	-0.1%	MBS ETF	82889N525
OCSL	OAKTREE SPECIALTY LENDING CO	200,853	$2.559M	2.6%	$12.74	$19.48	-34.6%	COM	67401P405
INTU	INTUIT	3,793	$2.513M	2.5%	$662.42	$616.16	+7.5%	COM	461202103
HTGC	HERCULES CAPITAL INC	104,063	$1.958M	2.0%	$18.82	$13.47	+39.7%	COM	427096508
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,876	$1.948M	2.0%	$502.65	$336.79	+49.2%	CL B NEW	084670702
SLRC	SLR INVESTMENT CORP	124,814	$1.93M	2.0%	$15.46	$11.10	+39.3%	COM	83413U100
MHK	MOHAWK INDS INC	17,102	$1.869M	1.9%	$109.30	$120.23	-9.1%	COM	608190104
CBRE	CBRE GROUP INC	10,226	$1.644M	1.7%	$160.79	$44.60	+260.5%	CL A	12504L109
BINC	BLACKROCK ETF TRUST II	29,193	$1.541M	1.6%	$52.77	$53.07	-0.6%	ISHARES FLEXIBLE	092528603
JNJ	JOHNSON & JOHNSON	5,064	$1.048M	1.1%	$206.95	$113.58	+82.2%	COM	478160104
WSO	WATSCO INC	2,445	$824K	0.8%	$336.95	$339.40	-0.7%	COM	942622200
FISV	FISERV INC	9,490	$637K	0.6%	$67.17	$103.68	-35.2%	COM	337738108
ARCC	ARES CAPITAL CORP	29,458	$596K	0.6%	$20.23	$19.79	+2.2%	COM	04010L103
TSLX	SIXTH STREET SPECIALTY LENDI	26,602	$578K	0.6%	$21.72	$21.81	-0.4%	COM	83012A109
MSFT	MICROSOFT CORP	1,139	$551K	0.6%	$483.62	$119.88	+303.4%	COM	594918104
SPGI	S&P GLOBAL INC	557	$291K	0.3%	$522.59	$417.12	+25.3%	COM	78409V104
SIRI	SIRIUSXM HOLDINGS INC	13,104	$262K	0.3%	$19.99	$21.49	-7.0%	COMMON STOCK	829933100
MRK	MERCK & CO INC	2,225	$234K	0.2%	$105.26	$56.97	+84.8%	COM	58933Y105
CMCSA	COMCAST CORP NEW	6,882	$206K	0.2%	$29.89	$30.61	-2.4%	CL A	20030N101