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 Est. Cost $17.65 Unrealized +32.4%

GOOG ALPHABET INC 6.6%

Value $6.479M Shares 20,648 Est. Cost $267.70 Unrealized +7.0%

ROP ROPER TECHNOLOGIES INC 5.5%

Value $5.406M Shares 12,144 Est. Cost $462.89 Unrealized -0.2%

WTM WHITE MTNS INS GROUP LTD 5.4%

Value $5.294M Shares 2,548 Est. Cost $1345.84 Unrealized +45.3%

VGSH VANGUARD SCOTTSDALE FDS 5.2%

Value $5.159M Shares 87,845 Est. Cost $58.11 Unrealized —

DHR DANAHER CORPORATION 5.0%

Value $4.931M Shares 21,540 Est. Cost $218.55 Unrealized +0.5%

V VISA INC 4.5%

Value $4.456M Shares 12,705 Est. Cost $249.44 Unrealized +36.5%

BRO BROWN & BROWN INC 4.4%

Value $4.314M Shares 54,122 Est. Cost $69.22 Unrealized +20.4%

THO THOR INDS INC 4.3%

Value $4.276M Shares 41,652 Est. Cost $81.66 Unrealized +26.5%

MAC MACERICH CO 3.9%

Value $3.82M Shares 206,916 Est. Cost $18.46 Unrealized —

MAX MEDIAALPHA INC 3.6%

Value $3.567M Shares 275,437 Est. Cost $9.70 Unrealized +26.0%

ASML ASML HOLDING N V 3.3%

Value $3.252M Shares 3,040 Est. Cost $1069.86 Unrealized —

HEI/A HEICO CORP NEW 3.2%

Value $3.161M Shares 12,522 Est. Cost $246.96 Unrealized 0.0%

AXP AMERICAN EXPRESS CO 3.0%

Value $3.011M Shares 8,138 Est. Cost $96.20 Unrealized +271.1%

CDW CDW CORP 3.0%

Value $2.94M Shares 21,585 Est. Cost $136.40 Unrealized +7.8%

IT GARTNER INC 2.8%

Value $2.751M Shares 10,906 Est. Cost $173.08 Unrealized +39.1%

NXPI NXP SEMICONDUCTORS N V 2.8%

Value $2.732M Shares 12,586 Est. Cost $213.68 Unrealized 0.0%

MTBA SIMPLIFY EXCHANGE TRADED FUN 2.6%

Value $2.612M Shares 51,809 Est. Cost $50.41 Unrealized —

OCSL OAKTREE SPECIALTY LENDING CO 2.6%

Value $2.559M Shares 200,853 Est. Cost $19.48 Unrealized -31.4%

INTU INTUIT 2.5%

Value $2.513M Shares 3,793 Est. Cost $616.16 Unrealized +7.2%

HTGC HERCULES CAPITAL INC 2.0%

Value $1.958M Shares 104,063 Est. Cost $13.47 Unrealized +33.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 2.0%

Value $1.948M Shares 3,876 Est. Cost $336.79 Unrealized +47.7%

SLRC SLR INVESTMENT CORP 2.0%

Value $1.93M Shares 124,814 Est. Cost $11.10 Unrealized +34.5%

MHK MOHAWK INDS INC 1.9%

Value $1.869M Shares 17,102 Est. Cost $120.23 Unrealized -4.5%

CBRE CBRE GROUP INC 1.7%

Value $1.644M Shares 10,226 Est. Cost $44.60 Unrealized +252.5%

BINC BLACKROCK ETF TRUST II 1.6%

Value $1.541M Shares 29,193 Est. Cost $52.77 Unrealized —

JNJ JOHNSON & JOHNSON 1.1%

Value $1.048M Shares 5,064 Est. Cost $113.58 Unrealized +73.5%

WSO WATSCO INC 0.8%

Value $824K Shares 2,445 Est. Cost $339.40 Unrealized +5.2%

FISV FISERV INC 0.6%

Value $637K Shares 9,490 Est. Cost $103.68 Unrealized -19.1%

ARCC ARES CAPITAL CORP 0.6%

Value $596K Shares 29,458 Est. Cost $19.79 Unrealized 0.0%

TSLX SIXTH STREET SPECIALTY LENDI 0.6%

Value $578K Shares 26,602 Est. Cost $21.81 Unrealized 0.0%

MSFT MICROSOFT CORP 0.6%

Value $551K Shares 1,139 Est. Cost $119.88 Unrealized +317.6%

SPGI S&P GLOBAL INC 0.3%

Value $291K Shares 557 Est. Cost $417.12 Unrealized +18.5%

SIRI SIRIUSXM HOLDINGS INC 0.3%

Value $262K Shares 13,104 Est. Cost $21.49 Unrealized 0.0%

MRK MERCK & CO INC 0.2%

Value $234K Shares 2,225 Est. Cost $56.97 Unrealized +63.7%

CMCSA COMCAST CORP NEW 0.2%

Value $206K Shares 6,882 Est. Cost $30.61 Unrealized -6.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WBD	WARNER BROS DISCOVERY INC	325,574	$9.383M	9.5%	$17.65	+32.4%	COM SER A	934423104
GOOG	ALPHABET INC	20,648	$6.479M	6.6%	$267.70	+7.0%	CAP STK CL C	02079K107
ROP	ROPER TECHNOLOGIES INC	12,144	$5.406M	5.5%	$462.89	-0.2%	COM	776696106
WTM	WHITE MTNS INS GROUP LTD	2,548	$5.294M	5.4%	$1345.84	+45.3%	COM	G9618E107
VGSH	VANGUARD SCOTTSDALE FDS	87,845	$5.159M	5.2%	$58.11	—	SHORT TERM TREAS	92206C102
DHR	DANAHER CORPORATION	21,540	$4.931M	5.0%	$218.55	+0.5%	COM	235851102
V	VISA INC	12,705	$4.456M	4.5%	$249.44	+36.5%	COM CL A	92826C839
BRO	BROWN & BROWN INC	54,122	$4.314M	4.4%	$69.22	+20.4%	COM	115236101
THO	THOR INDS INC	41,652	$4.276M	4.3%	$81.66	+26.5%	COM	885160101
MAC	MACERICH CO	206,916	$3.82M	3.9%	$18.46	—	COM	554382101
MAX	MEDIAALPHA INC	275,437	$3.567M	3.6%	$9.70	+26.0%	CL A	58450V104
ASML	ASML HOLDING N V	3,040	$3.252M	3.3%	$1069.86	—	N Y REGISTRY SHS	N07059210
HEI/A	HEICO CORP NEW	12,522	$3.161M	3.2%	$246.96	0.0%	CL A	422806208
AXP	AMERICAN EXPRESS CO	8,138	$3.011M	3.0%	$96.20	+271.1%	COM	025816109
CDW	CDW CORP	21,585	$2.94M	3.0%	$136.40	+7.8%	COM	12514G108
IT	GARTNER INC	10,906	$2.751M	2.8%	$173.08	+39.1%	COM	366651107
NXPI	NXP SEMICONDUCTORS N V	12,586	$2.732M	2.8%	$213.68	0.0%	COM	N6596X109
MTBA	SIMPLIFY EXCHANGE TRADED FUN	51,809	$2.612M	2.6%	$50.41	—	MBS ETF	82889N525
OCSL	OAKTREE SPECIALTY LENDING CO	200,853	$2.559M	2.6%	$19.48	-31.4%	COM	67401P405
INTU	INTUIT	3,793	$2.513M	2.5%	$616.16	+7.2%	COM	461202103
HTGC	HERCULES CAPITAL INC	104,063	$1.958M	2.0%	$13.47	+33.9%	COM	427096508
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,876	$1.948M	2.0%	$336.79	+47.7%	CL B NEW	084670702
SLRC	SLR INVESTMENT CORP	124,814	$1.93M	2.0%	$11.10	+34.5%	COM	83413U100
MHK	MOHAWK INDS INC	17,102	$1.869M	1.9%	$120.23	-4.5%	COM	608190104
CBRE	CBRE GROUP INC	10,226	$1.644M	1.7%	$44.60	+252.5%	CL A	12504L109
BINC	BLACKROCK ETF TRUST II	29,193	$1.541M	1.6%	$52.77	—	ISHARES FLEXIBLE	092528603
JNJ	JOHNSON & JOHNSON	5,064	$1.048M	1.1%	$113.58	+73.5%	COM	478160104
WSO	WATSCO INC	2,445	$824K	0.8%	$339.40	+5.2%	COM	942622200
FISV	FISERV INC	9,490	$637K	0.6%	$103.68	-19.1%	COM	337738108
ARCC	ARES CAPITAL CORP	29,458	$596K	0.6%	$19.79	0.0%	COM	04010L103
TSLX	SIXTH STREET SPECIALTY LENDI	26,602	$578K	0.6%	$21.81	0.0%	COM	83012A109
MSFT	MICROSOFT CORP	1,139	$551K	0.6%	$119.88	+317.6%	COM	594918104
SPGI	S&P GLOBAL INC	557	$291K	0.3%	$417.12	+18.5%	COM	78409V104
SIRI	SIRIUSXM HOLDINGS INC	13,104	$262K	0.3%	$21.49	0.0%	COMMON STOCK	829933100
MRK	MERCK & CO INC	2,225	$234K	0.2%	$56.97	+63.7%	COM	58933Y105
CMCSA	COMCAST CORP NEW	6,882	$206K	0.2%	$30.61	-6.8%	CL A	20030N101