SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Triad Investment Management

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

Reported Value
$99M
Q4 2025
Positions
36
Filings on Record
21
2019–present window
Filed
Jan 16, 2026
original filing

Summary

Triad Investment Management reported $99M in U.S.-listed holdings across 36 positions for Q4 2025.

Its largest position, WBD, represents 9.5% of the portfolio.

Compared with Q1 2024, the fund opened 9 new positions and exited 15.

Portfolio Metrics

Turnover
+39.1%
vs prior filed quarter
Top-10 Concentration
+54.2%
share of reported value
Largest Position
+9.5%
Warner Bros Discovery
New / Exited
9 / 15
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: 81.3%ETP: 9.4%Other: 5.4%REIT: 3.9%
  • Common Stock · 81.3% · $80M
  • ETP · 9.4% · $9M
  • Other · 5.4% · $5M
  • REIT · 3.9% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
MACMACERICH CONEW+206.9K206.9K+$4M$4M
ASMLASML HOLDING N VNEW+3.0K3.0K+$3M$3M
HEI/AHEICO CORP NEWNEW+12.5K12.5K+$3M$3M
NXPINXP SEMICONDUCTORS N VNEW+12.6K12.6K+$3M$3M
MTBASIMPLIFY EXCHANGE TRADED FUNNEW+51.8K51.8K+$3M$3M
BINCBLACKROCK ETF TRUST IINEW+29.2K29.2K+$2M$2M
ARCCARES CAPITAL CORPNEW+29.5K29.5K+$595,935$595,935
TSLXSIXTH STREET SPECIALTY LENDINEW+26.6K26.6K+$577,795$577,795

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

Holdings — Q4 2025

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WBDWARNER BROS DISCOVERY INChistory →COM SER A9.50%$9M325.6K
2GOOGALPHABET INChistory →CAP STK CL C6.56%$6M20.6K
3ROPROPER TECHNOLOGIES INChistory →COM5.48%$5M12.1K
4WHITE MTNS INS GROUP LTDCOM5.36%$5M2.5K
5VGSHVANGUARD SCOTTSDALE FDShistory →SHORT TERM TREAS5.23%$5M87.8K
6DHRDANAHER CORPORATIONhistory →COM4.99%$5M21.5K
7VVISA INChistory →COM CL A4.51%$4M12.7K
8BROBROWN & BROWN INChistory →COM4.37%$4M54.1K
9THOTHOR INDS INChistory →COM4.33%$4M41.7K
10MACMACERICH COhistory →COM3.87%$4M206.9K
11MAXMEDIAALPHA INChistory →CL A3.61%$4M275.4K
12ASMLASML HOLDING N Vhistory →N Y REGISTRY SHS3.29%$3M3.0K
13HEI/AHEICO CORP NEWhistory →CL A3.20%$3M12.5K
14AXPAMERICAN EXPRESS COhistory →COM3.05%$3M8.1K
15CDWCDW CORPhistory →COM2.98%$3M21.6K
16ITGARTNER INChistory →COM2.79%$3M10.9K
17NXPINXP SEMICONDUCTORS N Vhistory →COM2.77%$3M12.6K
18MTBASIMPLIFY EXCHANGE TRADED FUNhistory →MBS ETF2.65%$3M51.8K
19OCSLOAKTREE SPECIALTY LENDING COhistory →COM2.59%$3M200.9K
20INTUINTUIThistory →COM2.54%$3M3.8K
21HTGCHERCULES CAPITAL INChistory →COM1.98%$2M104.1K
22BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.97%$2M3.9K
23SLRCSLR INVESTMENT CORPhistory →COM1.95%$2M124.8K
24MHKMOHAWK INDS INChistory →COM1.89%$2M17.1K
25CBRECBRE GROUP INChistory →CL A1.67%$2M10.2K
26BINCBLACKROCK ETF TRUST IIhistory →ISHARES FLEXIBLE1.56%$2M29.2K
27JNJJOHNSON & JOHNSONhistory →COM1.06%$1M5.1K
28WSOWATSCO INCCOM0.83%$823,8432.4K
29FISVFISERV INCCOM0.65%$637,4439.5K
30ARCCARES CAPITAL CORPCOM0.60%$595,93529.5K
31TSLXSIXTH STREET SPECIALTY LENDICOM0.59%$577,79526.6K
32MSFTMICROSOFT CORPCOM0.56%$550,8431.1K
33SPGIS&P GLOBAL INCCOM0.29%$291,083557
34SIRISIRIUSXM HOLDINGS INCCOMMON STOCK0.27%$262,00413.1K
35MRKMERCK & CO INCCOM0.24%$234,2042.2K
36CMCSACOMCAST CORP NEWCL A0.21%$205,7036.9K

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 ↗.