SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Triad Investment Management

CIK 0001615717 · 1301 DOVE STREET, SUITE 1080, NEWPORT BEACH, CA, 92660 · 9496793991

Reported Value
$106M
Q1 2022
Positions
62
Filings on Record
21
2019–present window
Filed
Apr 27, 2022
original filing

Summary

Triad Investment Management reported $106M in U.S.-listed holdings across 62 positions for Q1 2022.

Its largest position, VAC, represents 5.5% of the portfolio.

Compared with Q4 2020, the fund opened 25 new positions and exited 17.

Portfolio Metrics

Turnover
+32.6%
vs prior filed quarter
Top-10 Concentration
+41.2%
share of reported value
Largest Position
+5.5%
Marriott Vacations Worldwide
New / Exited
25 / 17
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $98MQ1 ’19Q2 ’19: $97MQ3 ’19: $92MQ4 ’19: $103MQ4 ’19Q1 ’20: $58MQ2 ’20: $74MQ3 ’20: $71MQ3 ’20Q4 ’20: $90MQ1 ’22: $106MQ2 ’22: $68MQ2 ’22Q3 ’22: $58MQ4 ’22: $64MQ2 ’23: $72MQ2 ’23Q3 ’23: $68MQ4 ’23: $76MQ1 ’24: $82MQ1 ’24Q4 ’25: $99MQ1 ’26: $85Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 85.6%Closed-End Fund: 5.2%US DOMESTIC: 3.5%REIT: 3.0%Other: 2.8%
  • Common Stock · 85.6% · $90M
  • Closed-End Fund · 5.2% · $5M
  • US DOMESTIC · 3.5% · $4M
  • REIT · 3.0% · $3M
  • Other · 2.8% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
FISVFISERV INCNEW+36.8K36.8K+$4M$4M
TNLTRAVEL PLUS LEISURE CONEW+53.7K53.7K+$3M$3M
CCMPCMC MATERIALS INCNEW+16.8K16.8K+$3M$3M
ROPROPER TECHNOLOGIES INCNEW+6.6K6.6K+$3M$3M
WHITE MTNS INS GROUP LTDNEW+2.3K2.3K+$3M$3M
MMSMAXIMUS INCNEW+35.4K35.4K+$3M$3M
ANNALY CAPITAL MANAGEMENT INNEW+284.6K284.6K+$2M$2M
KMXCARMAX INCNEW+10.5K10.5K+$1M$1M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2022

61 positions (from 62 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VACMARRIOTT VACATIONS WORLDWIDECOM · NOTE 1.500% 9/15.53%$6M1.22M
2SLBSCHLUMBERGER LTDhistory →COM STK4.88%$5M124.8K
3CNNECANNAE HLDGS INChistory →COM4.81%$5M212.5K
4OPLNKAR AUCTION SVCS INChistory →COM4.09%$4M239.2K
5ITGARTNER INChistory →COM4.06%$4M14.4K
6SSNCSS&C TECHNOLOGIES HLDGS INChistory →COM3.76%$4M53.0K
7DISCOVERY INCCOM SER C3.67%$4M155.5K
8FISVFISERV INChistory →COM3.53%$4M36.8K
9BENFRANKLIN RESOURCES INChistory →COM3.47%$4M131.3K
10ALSNALLISON TRANSMISSION HLDGS Ihistory →COM3.39%$4M91.4K
11TNLTRAVEL PLUS LEISURE COhistory →COM2.95%$3M53.7K
12CCMPCMC MATERIALS INChistory →COM2.94%$3M16.8K
13ROPROPER TECHNOLOGIES INChistory →COM2.93%$3M6.6K
14OAKTREE SPECIALTY LENDING COCOM2.90%$3M415.6K
15KFYKORN FERRYhistory →COM NEW2.87%$3M46.7K
16ATLAS CORPSHARES2.80%$3M201.8K
17CBRECBRE GROUP INChistory →CL A2.67%$3M30.9K
18CDWCDW CORPhistory →COM2.59%$3M15.3K
19WHITE MTNS INS GROUP LTDCOM2.52%$3M2.3K
20MMSMAXIMUS INChistory →COM2.51%$3M35.4K
21THOTHOR INDS INChistory →COM2.50%$3M33.6K
22LIBERTY TRIPADVISOR HLDGS INCOM SER A2.35%$2M1.21M
23LIBERTY MEDIA CORP DELNOTE 1.375%10/12.24%$2M1.68M
24RABROOKFIELD REAL ASSETS INCOMhistory →SHS BEN INT1.92%$2M98.8K
25ANNALY CAPITAL MANAGEMENT INCOM1.90%$2M284.6K
26HTGCHERCULES CAPITAL INChistory →COM1.72%$2M100.5K
27SLRCSLR INVESTMENT CORPhistory →COM1.56%$2M91.9K
28AXPAMERICAN EXPRESS COhistory →COM1.44%$2M8.1K
29MRC GLOBAL INCCOM1.24%$1M109.7K
30MACMACERICH COhistory →COM1.08%$1M72.8K
31MHKMOHAWK INDS INChistory →COM1.03%$1M8.8K
32KMXCARMAX INCCOM0.96%$1M10.5K
33WFCWELLS FARGO CO NEWCOM0.87%$922,00019.0K
34BROBROWN & BROWN INCCOM0.86%$911,00012.6K
35BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.86%$905,0002.6K
36JNJJOHNSON & JOHNSONCOM0.85%$897,0005.1K
37GBABGUGGENHEIM TAXABLE MUNICP BOCOM0.69%$725,00036.4K
38VVISA INCCOM CL A0.54%$567,0002.6K
39BLWBLACKROCK LTD DURATION INCOMCOM SHS0.53%$560,00039.0K
40BBNBLACKROCK TAX MUNICPAL BD TRSHS0.47%$496,00022.5K
41LINDLINDBLAD EXPEDITIONS HLDGS ICOM0.45%$477,00031.6K
42MSFTMICROSOFT CORPCOM0.44%$462,0001.5K
43HYIWESTERN ASSET HIGH YIELD DEFCOM0.38%$398,00028.7K
44HIOWESTERN ASSET HIGH INCOME OPCOM0.32%$338,00075.5K
45SCHWSCHWAB CHARLES CORPCOM0.32%$338,0004.0K
46NBBNUVEEN TAXABLE MUNICPAL INMCOM0.32%$334,00016.7K
47SPGIS&P GLOBAL INCCOM0.31%$327,000796
48CMCSACOMCAST CORP NEWCL A0.31%$326,0007.0K
49NOVNOV INCCOM0.31%$325,00016.6K
50WIWWESTERN AST INFL LKD OPP & ICOM0.28%$292,00024.3K
51TJXTJX COS INC NEWCOM0.27%$286,0004.7K
52RIGTRANSOCEAN LTDREG SHS0.27%$283,00061.9K
53GOOGALPHABET INCCAP STK CL C0.27%$282,000101
54HYTBLACKROCK CORPOR HI YLD FD ICOM0.26%$279,00025.9K
55MRKMERCK & CO INCCOM0.21%$219,0002.7K
56ALTRA INDL MOTION CORPCOM0.19%$205,0005.3K
57WSOWATSCO INCCOM0.19%$201,000659
58CENTENNIAL RESOURCE DEV INCCL A0.19%$196,00024.2K
59AUDACY INCCL A0.15%$163,00056.4K
60PAYSAFE LIMITED*W EXP 03/30/2020.09%$92,000175.9K
61ALTUS POWER INC*W EXP 12/09/2020.03%$31,00019.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$85M36May 8, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025$99M36Jan 16, 202613F-HRchanges · EDGAR ↗
Q1 2024$82M42Apr 12, 202413F-HRchanges · EDGAR ↗
Q4 2023$76M44Jan 10, 202413F-HRchanges · EDGAR ↗
Q3 2023$68M46Oct 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$72M57Jul 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$64M56Jan 27, 202313F-HRchanges · EDGAR ↗
Q3 2022$58M55Oct 18, 202213F-HRchanges · EDGAR ↗
Q2 2022$68M60Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$106M62Apr 27, 202213F-HRchanges · EDGAR ↗
Q4 2020$90M54Jan 20, 202113F-HRchanges · EDGAR ↗
Q3 2020$71M51Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$74M52Jul 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$58M48May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$103M45Jan 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$92M45Oct 17, 201913F-HRchanges · EDGAR ↗
Q2 2019$97M43Jul 17, 201913F-HRchanges · EDGAR ↗
Q1 2019$98M50Apr 9, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.