Triad Investment Management Long-Term Concentrated

Name: Triad Investment Management Q3 2026 13F Filing | 13F Explorer
Creator: Triad Investment Management
Published: 2026-10-13

Location: Newport Beach, CA

CIK: 0001615717 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Oct 13, 2026

Total Value: $75.44M (100.0% shares, 0.0% debt)

Holdings (32)

New Positions (3)

VOO VANGUARD INDEX FDS 0.4%

Value $311K Shares 444 Share Price $700.86 Est. Cost/Share $698.45 Unrealized @ Report Date +0.3%

WCMI FIRST TR EXCHANGE-TRADED FD 0.4%

Value $297K Shares 15,559 Share Price $19.08 Est. Cost/Share $19.47 Unrealized @ Report Date -2.0%

AMGN AMGEN INC 0.3%

Value $211K Shares 501 Share Price $421.51 Est. Cost/Share $398.57 Unrealized @ Report Date +5.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VOO	VANGUARD INDEX FDS	444	$311K	0.4%	$700.86	$698.45	+0.3%	S&P 500 ETF SHS	922908363
WCMI	FIRST TR EXCHANGE-TRADED FD	15,559	$297K	0.4%	$19.08	$19.47	-2.0%	WCM INTL EQUITY	33733E732
AMGN	AMGEN INC	501	$211K	0.3%	$421.51	$398.57	+5.8%	COM	031162100

Increased Positions (13)

IT GARTNER INC 8.1%

Value $6.143M (+55.2%) Shares 32,933 (+7.9%) Share Price $186.54 Est. Cost/Share $172.36 Unrealized @ Report Date +8.2%

MSFT MICROSOFT CORP 4.6%

Value $3.468M (+40.1%) Shares 6,761 (+1.9%) Share Price $512.90 Est. Cost/Share $357.71 Unrealized @ Report Date +43.4%

BINC BLACKROCK ETF TRUST II 3.4%

Value $2.557M (+22.9%) Shares 50,339 (+26.7%) Share Price $50.79 Est. Cost/Share $52.62 Unrealized @ Report Date -3.5%

INTU INTUIT 3.4%

Value $2.589M (+15.9%) Shares 9,392 (+9.7%) Share Price $275.71 Est. Cost/Share $485.59 Unrealized @ Report Date -43.2%

V VISA INC 7.3%

Value $5.526M (+6.0%) Shares 15,379 (+1.3%) Share Price $359.33 Est. Cost/Share $262.49 Unrealized @ Report Date +36.9%

WSO WATSCO INC 1.0%

Value $750K (-26.4%) Shares 2,477 (+1.3%) Share Price $302.69 Est. Cost/Share $339.33 Unrealized @ Report Date -10.8%

NXPI NXP SEMICONDUCTORS N V 2.1%

Value $1.595M (-13.4%) Shares 6,714 (+2.5%) Share Price $237.53 Est. Cost/Share $214.40 Unrealized @ Report Date +10.8%

HTGC HERCULES CAPITAL INC 2.9%

Value $2.213M (+12.3%) Shares 131,661 (+5.3%) Share Price $16.81 Est. Cost/Share $13.96 Unrealized @ Report Date +20.4%

FISV FISERV INC 4.4%

Value $3.301M (-6.2%) Shares 73,060 (+1.9%) Share Price $45.18 Est. Cost/Share $65.53 Unrealized @ Report Date -31.1%

ROP ROPER TECHNOLOGIES INC 5.8%

Value $4.371M (+4.5%) Shares 12,508 (+1.2%) Share Price $349.42 Est. Cost/Share $450.86 Unrealized @ Report Date -22.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 4.3%

Value $3.232M (+2.0%) Shares 6,490 (+2.5%) Share Price $497.95 Est. Cost/Share $395.35 Unrealized @ Report Date +26.0%

GOOG ALPHABET INC 7.0%

Value $5.247M (-0.2%) Shares 15,398 (+3.5%) Share Price $340.74 Est. Cost/Share $270.29 Unrealized @ Report Date +26.1%

SPGI S&P GLOBAL INC 3.2%

Value $2.385M (-0.0%) Shares 6,045 (+3.2%) Share Price $394.47 Est. Cost/Share $443.16 Unrealized @ Report Date -11.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
IT	GARTNER INC	32,933 (+7.9%)	$6.143M (+55.2%)	8.1%	$186.54	$172.36	+8.2%	COM	366651107
MSFT	MICROSOFT CORP	6,761 (+1.9%)	$3.468M (+40.1%)	4.6%	$512.90	$357.71	+43.4%	COM	594918104
BINC	BLACKROCK ETF TRUST II	50,339 (+26.7%)	$2.557M (+22.9%)	3.4%	$50.79	$52.62	-3.5%	ISHA FLEX IN ETF	092528603
INTU	INTUIT	9,392 (+9.7%)	$2.589M (+15.9%)	3.4%	$275.71	$485.59	-43.2%	COM	461202103
V	VISA INC	15,379 (+1.3%)	$5.526M (+6.0%)	7.3%	$359.33	$262.49	+36.9%	COM CL A	92826C839
WSO	WATSCO INC	2,477 (+1.3%)	$750K (-26.4%)	1.0%	$302.69	$339.33	-10.8%	COM	942622200
NXPI	NXP SEMICONDUCTORS N V	6,714 (+2.5%)	$1.595M (-13.4%)	2.1%	$237.53	$214.40	+10.8%	COM	N6596X109
HTGC	HERCULES CAPITAL INC	131,661 (+5.3%)	$2.213M (+12.3%)	2.9%	$16.81	$13.96	+20.4%	COM	427096508
FISV	FISERV INC	73,060 (+1.9%)	$3.301M (-6.2%)	4.4%	$45.18	$65.53	-31.1%	COM	337738108
ROP	ROPER TECHNOLOGIES INC	12,508 (+1.2%)	$4.371M (+4.5%)	5.8%	$349.42	$450.86	-22.5%	COM	776696106
BRK/B	BERKSHIRE HATHAWAY INC DEL	6,490 (+2.5%)	$3.232M (+2.0%)	4.3%	$497.95	$395.35	+26.0%	CL B NEW	084670702
GOOG	ALPHABET INC	15,398 (+3.5%)	$5.247M (-0.2%)	7.0%	$340.74	$270.29	+26.1%	CAP STK CL C	02079K107
SPGI	S&P GLOBAL INC	6,045 (+3.2%)	$2.385M (-0.0%)	3.2%	$394.47	$443.16	-11.0%	COM	78409V104

Exited Positions (5)

NVR NVR INC 7.9%

Value $5.934M Shares 871 Share Price $6812.62 * Est. Cost/Share $6352.70 Unrealized @ Report Date -3.1%

MAC MACERICH CO 3.6%

Value $2.693M Shares 106,916 Share Price $25.19 Est. Cost/Share $18.46 Unrealized @ Report Date —

AKRE PROFESIONALLY MANAGED PORTFO 2.6%

Value $1.946M Shares 36,586 Share Price $53.19 Est. Cost/Share $55.51 Unrealized @ Report Date -5.1%

SLRC SLR INVESTMENT CORP 2.5%

Value $1.881M Shares 152,053 Share Price $12.37 * Est. Cost/Share $11.58 Unrealized @ Report Date +0.1%

OCSL OAKTREE SPECIALTY LENDING 1.4%

Value $1.057M Shares 88,563 Share Price $11.94 Est. Cost/Share $19.48 Unrealized @ Report Date -38.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NVR	NVR INC	871	$5.934M	7.9%	$6812.62 *	$6352.70	-3.1%	—	62944T105
MAC	MACERICH CO	106,916	$2.693M	3.6%	$25.19	$18.46	—	—	554382101
AKRE	PROFESIONALLY MANAGED PORTFO	36,586	$1.946M	2.6%	$53.19	$55.51	-5.1%	—	74316P579
SLRC	SLR INVESTMENT CORP	152,053	$1.881M	2.5%	$12.37 *	$11.58	+0.1%	—	83413U100
OCSL	OAKTREE SPECIALTY LENDING	88,563	$1.057M	1.4%	$11.94	$19.48	-38.9%	—	67401P405

Decreased Positions (4)

ASML ASML HLDG NV 1.7%

Value $1.259M (-71.5%) Shares 695 (-68.7%) Share Price $1811.67 Est. Cost/Share $1043.15 Unrealized @ Report Date +73.7%

MAX MEDIAALPHA INC 4.1%

Value $3.104M (-33.0%) Shares 324,382 (-12.0%) Share Price $9.57 Est. Cost/Share $9.70 Unrealized @ Report Date -1.3%

BRO BROWN & BROWN INC 5.0%

Value $3.778M (-8.8%) Shares 62,042 (-4.0%) Share Price $60.90 Est. Cost/Share $69.88 Unrealized @ Report Date -12.9%

WTM WHITE MTNS INS GROUP LTD 6.4%

Value $4.847M (-5.4%) Shares 2,416 (-2.2%) Share Price $2006.32 Est. Cost/Share $1345.84 Unrealized @ Report Date +49.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ASML	ASML HLDG NV	695 (-68.7%)	$1.259M (-71.5%)	1.7%	$1811.67	$1043.15	+73.7%	N Y REGISTRY SHS	N07059210
MAX	MEDIAALPHA INC	324,382 (-12.0%)	$3.104M (-33.0%)	4.1%	$9.57	$9.70	-1.3%	CL A	58450V104
BRO	BROWN & BROWN INC	62,042 (-4.0%)	$3.778M (-8.8%)	5.0%	$60.90	$69.88	-12.9%	COM	115236101
WTM	WHITE MTNS INS GROUP LTD	2,416 (-2.2%)	$4.847M (-5.4%)	6.4%	$2006.32	$1345.84	+49.1%	COM	G9618E107

Unchanged Positions (12)

CDW CDW CORP 5.2%

Value $3.909M Shares 30,502 Share Price $128.16 Est. Cost/Share $133.33 Unrealized @ Report Date -3.9%

HEI/A HEICO CORP NEW 3.5%

Value $2.662M Shares 11,658 Share Price $228.33 Est. Cost/Share $246.96 Unrealized @ Report Date -7.5%

THO THOR INDS INC 4.7%

Value $3.58M Shares 51,816 Share Price $69.10 Est. Cost/Share $83.23 Unrealized @ Report Date -17.0%

AXP AMERICAN EXPRESS CO 1.7%

Value $1.306M Shares 4,296 Share Price $304.10 Est. Cost/Share $96.20 Unrealized @ Report Date +216.1%

ACGL ARCH CAP GROUP LTD 2.6%

Value $1.947M Shares 21,083 Share Price $92.36 Est. Cost/Share $94.32 Unrealized @ Report Date -2.1%

SIRI SIRIUSXM HOLDINGS INC 0.4%

Value $326K Shares 12,602 Share Price $25.88 Est. Cost/Share $21.49 Unrealized @ Report Date +20.4%

JNJ JOHNSON & JOHNSON 0.8%

Value $639K Shares 2,415 Share Price $264.74 Est. Cost/Share $113.58 Unrealized @ Report Date +133.1%

TSLX SIXTH STREET SPECIALTY LENDI 0.3%

Value $254K Shares 14,080 Share Price $18.02 Est. Cost/Share $21.81 Unrealized @ Report Date -17.4%

VGSH VANGUARD SCOTTSDALE FDS 2.7%

Value $2.055M Shares 35,708 Share Price $57.56 Est. Cost/Share $57.88 Unrealized @ Report Date -0.6%

CBRE CBRE GROUP INC 0.3%

Value $238K Shares 1,852 Share Price $128.47 Est. Cost/Share $44.60 Unrealized @ Report Date +188.0%

ARCC ARES CAPITAL CORP 0.5%

Value $372K Shares 19,474 Share Price $19.10 Est. Cost/Share $19.79 Unrealized @ Report Date -3.5%

INFL LISTED FDS TR 1.3%

Value $963K Shares 19,198 Share Price $50.14 Est. Cost/Share $50.50 Unrealized @ Report Date -0.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CDW	CDW CORP	30,502	$3.909M	5.2%	$128.16	$133.33	-3.9%	COM	12514G108
HEI/A	HEICO CORP NEW	11,658	$2.662M	3.5%	$228.33	$246.96	-7.5%	CL A	422806208
THO	THOR INDS INC	51,816	$3.58M	4.7%	$69.10	$83.23	-17.0%	COM	885160101
AXP	AMERICAN EXPRESS CO	4,296	$1.306M	1.7%	$304.10	$96.20	+216.1%	COM	025816109
ACGL	ARCH CAP GROUP LTD	21,083	$1.947M	2.6%	$92.36	$94.32	-2.1%	ORD	G0450A105
SIRI	SIRIUSXM HOLDINGS INC	12,602	$326K	0.4%	$25.88	$21.49	+20.4%	COMMON STOCK	829933100
JNJ	JOHNSON & JOHNSON	2,415	$639K	0.8%	$264.74	$113.58	+133.1%	COM	478160104
TSLX	SIXTH STREET SPECIALTY LENDI	14,080	$254K	0.3%	$18.02	$21.81	-17.4%	COM	83012A109
VGSH	VANGUARD SCOTTSDALE FDS	35,708	$2.055M	2.7%	$57.56	$57.88	-0.6%	SHORT TERM TREAS	92206C102
CBRE	CBRE GROUP INC	1,852	$238K	0.3%	$128.47	$44.60	+188.0%	CL A	12504L109
ARCC	ARES CAPITAL CORP	19,474	$372K	0.5%	$19.10	$19.79	-3.5%	COM	04010L103
INFL	LISTED FDS TR	19,198	$963K	1.3%	$50.14	$50.50	-0.7%	HORI KI INFL ETF	53656F623