SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Triad Investment Management

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

Reported Value
$76M
Q4 2023
Positions
44
Filings on Record
21
2019–present window
Filed
Jan 10, 2024
original filing

Summary

Triad Investment Management reported $76M in U.S.-listed holdings across 44 positions for Q4 2023.

Its largest position, IT, represents 6.9% of the portfolio.

Compared with Q3 2023, the fund opened 1 new position and exited 3.

Portfolio Metrics

Turnover
+5.9%
vs prior filed quarter
Top-10 Concentration
+48.3%
share of reported value
Largest Position
+6.9%
Gartner
New / Exited
1 / 3
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: 89.3%ETP: 5.7%Other: 3.7%REIT: 1.3%
  • Common Stock · 89.3% · $68M
  • ETP · 5.7% · $4M
  • Other · 3.7% · $3M
  • REIT · 1.3% · $972,568

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DHRDANAHER CORPORATIONNEW+2.7K2.7K+$616,752$616,752
VGSHVANGUARD SCOTTSDALE FDSADDED+41.0K74.9K+$2M$4M
TNLTRAVEL PLUS LEISURE COSOLD OUT−43.2K0−$2M$0
LIBERTY TRIPADVISOR HLDGS INSOLD OUT−1.80M0−$879,796$0
SPESPECIAL OPPORTUNITIES FD INCSOLD OUT−24.8K0−$271,359$0
WFCWELLS FARGO CO NEWTRIMMED−14.0K5.0K−$531,711$246,100
MAXMEDIAALPHA INCADDED+77.2K248.5K+$1M$3M
BROBROWN & BROWN INCADDED+5.1K38.3K+$407,183$3M

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

Holdings — Q4 2023

44 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ITGARTNER INChistory →COM6.94%$5M11.7K
2SLBSCHLUMBERGER LTDhistory →COM STK5.96%$5M87.3K
3VGSHVANGUARD SCOTTSDALE FDShistory →SHORT TERM TREAS5.73%$4M74.9K
4FISVFISERV INChistory →COM4.88%$4M28.0K
5THOTHOR INDS INChistory →COM4.74%$4M30.6K
6CNNECANNAE HLDGS INChistory →COM4.58%$3M178.9K
7SSNCSS&C TECHNOLOGIES HLDGS INChistory →COM4.17%$3M52.0K
8CDWCDW CORPhistory →COM3.85%$3M12.9K
9KFYKORN FERRYhistory →COM NEW3.83%$3M49.2K
10MAXMEDIAALPHA INChistory →CL A3.64%$3M248.5K
11KMXCARMAX INChistory →COM3.61%$3M35.8K
12OCSLOAKTREE SPECIALTY LENDING COhistory →COM3.59%$3M133.9K
13BROBROWN & BROWN INChistory →COM3.58%$3M38.3K
14WHITE MTNS INS GROUP LTDCOM3.49%$3M1.8K
15ROPROPER TECHNOLOGIES INChistory →COM3.40%$3M4.8K
16VVISA INChistory →COM CL A3.29%$3M9.6K
17FISFIDELITY NATL INFORMATION SVhistory →COM2.91%$2M36.9K
18WBDWARNER BROS DISCOVERY INChistory →COM SER A2.84%$2M189.9K
19CBRECBRE GROUP INChistory →CL A2.60%$2M21.3K
20VACMARRIOTT VACATIONS WORLDWIDEhistory →COM2.40%$2M21.5K
21HTGCHERCULES CAPITAL INChistory →COM2.32%$2M106.2K
22ENTGENTEGRIS INChistory →COM2.13%$2M13.6K
23AXPAMERICAN EXPRESS COhistory →COM2.00%$2M8.1K
24SLRCSLR INVESTMENT CORPhistory →COM1.80%$1M91.4K
25MHKMOHAWK INDS INChistory →COM1.63%$1M12.0K
26BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.32%$1M2.8K
27NLYANNALY CAPITAL MANAGEMENT INhistory →COM NEW1.28%$972,56850.2K
28JNJJOHNSON & JOHNSONhistory →COM1.04%$793,7315.1K
29DHRDANAHER CORPORATIONCOM0.81%$616,7522.7K
30MSFTMICROSOFT CORPCOM0.80%$612,1931.6K
31INTUINTUITCOM0.54%$410,020656
32SPGIS&P GLOBAL INCCOM0.49%$376,204854
33WSOWATSCO INCCOM0.43%$329,065768
34CMCSACOMCAST CORP NEWCL A0.40%$305,4597.0K
35MRKMERCK & CO INCCOM0.38%$291,6292.7K
36GOOGALPHABET INCCAP STK CL C0.37%$284,6792.0K
37SCHWSCHWAB CHARLES CORPCOM0.37%$282,0804.1K
38ALTUS POWER INCCOM CL A0.35%$267,35439.1K
39WFCWELLS FARGO CO NEWCOM0.32%$246,1005.0K
40DNBDUN & BRADSTREET HLDGS INCCOM0.30%$229,85819.6K
41RIGTRANSOCEAN LTDREG SHS0.26%$196,13930.9K
42PRPERMIAN RESOURCES CORPCLASS A COM0.25%$191,17514.1K
43PAYSAFE LIMITEDSHS0.17%$131,60910.3K
44CLARCLARUS CORP NEWCOM0.16%$123,35817.9K

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 ↗.