Triad Investment Management
NEWPORT BEACH, CA
$91m in 34 US stocks at the end of 30 June 2026. The top 10 are 52.0% of the money. It changed about 20.6% of the portfolio this quarter.
Value
$91m
Stocks
34
Top 10 share
52.0%
Turnover
20.6%
What changed this quarter
New
Bought for the first time this quarter.
- NVRNVR6.5% of the fund
- Arch Capital GroupACGL2.2% of the fund
Added
Bought more of a stock they already held.
- VisaV5.7% of the fund+6%
- MediaAlphaMAX5.1% of the fund+10%
- CDWCDW4.7% of the fund+20%
- GartnerIT4.4% of the fund+29%
- Thor IndustriesTHO4.3% of the fund+11%
- FiservFISV3.9% of the fund+38%
- Berkshire HathawayBRK-B3.5% of the fund+63%
- MicrosoftMSFT2.7% of the fund+483%
- S&P GlobalSPGI2.6% of the fund+61%
- IntuitINTU2.5% of the fund+39%
- Blackrock ETF Trust IIBINC2.3% of the fund+36%
- Hercules CapitalHTGC2.2% of the fund+20%
- Profesionally Managed PortfoAKRE2.1% of the fund+174%
- SLR InvestmentSLRC2.1% of the fund+21%
Cut
Sold some of their stake.
- AlphabetGOOG5.8% of the fund-26%
- ASML Holding NVASML4.9% of the fund-6%
- Roper TechnologiesROP4.6% of the fund-10%
- Brown & BrownBRO4.6% of the fund-9%
- HeicoHEI-A3.3% of the fund-4%
- MacerichMAC3.0% of the fund-48%
- Vanguard Scottsdale FDSVGSH2.3% of the fund-47%
- NXP SemiconductorsNXPI2.0% of the fund-46%
- Oaktree Specialty LendingOCSL1.2% of the fund-55%
- Listed FDS TRINFL1.1% of the fund-4%
- Johnson & JohnsonJNJ0.7% of the fund-20%
- Sirius XM HoldingsSIRI0.4% of the fund-4%
- Ares CapitalARCC0.4% of the fund-34%
- Cbre GroupCBRE0.3% of the fund-21%
- Sixth Street Specialty LendingTSLX0.3% of the fund-47%
Sold out
Sold their entire stake.
- DanaherDHR-100%
- Simplify Exchange Traded FUNMTBA-100%
- Warner Bros. DiscoveryWBD-100%
- MerckMRK-100%
Holdings
- Blackrock ETF Trust IIBINC
- Share
- 2.3%
- Value
- $2m
- Shares
- 39,738
+36%
- Vanguard Scottsdale FDSVGSH
- Share
- 2.3%
- Value
- $2m
- Shares
- 35,516
-47%
- Profesionally Managed PortfoAKRE
- Share
- 2.1%
- Value
- $2m
- Shares
- 36,586
+174%
- Listed FDS TRINFL
- Share
- 1.1%
- Value
- $959,741
- Shares
- 19,241
-4%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NVRNVR | 6.5% | $6m | 871 | New |
| AlphabetGOOG | 5.8% | $5m | 14,879 | -26% |
| VisaV | 5.7% | $5m | 15,189 | +6% |
| White Mountains Insurance GroupWTM | 5.6% | $5m | 2,471 | Held |
| MediaAlphaMAX | 5.1% | $5m | 368,731 | +10% |
| ASML Holding NVASML | 4.9% | $4m | 2,219 | -6% |
| CDWCDW | 4.7% | $4m | 30,540 | +20% |
| Roper TechnologiesROP | 4.6% | $4m | 12,358 | -10% |
| Brown & BrownBRO | 4.6% | $4m | 64,611 | -9% |
| GartnerIT | 4.4% | $4m | 30,530 | +29% |
| Thor IndustriesTHO | 4.3% | $4m | 51,900 | +11% |
| FiservFISV | 3.9% | $4m | 71,706 | +38% |
| Berkshire HathawayBRK-B | 3.5% | $3m | 6,332 | +63% |
| HeicoHEI-A | 3.3% | $3m | 11,702 | -4% |
| MacerichMAC | 3.0% | $3m | 106,916 | -48% |
| MicrosoftMSFT | 2.7% | $2m | 6,635 | +483% |
| S&P GlobalSPGI | 2.6% | $2m | 5,857 | +61% |
| IntuitINTU | 2.5% | $2m | 8,559 | +39% |
| Blackrock ETF Trust IIBINC | 2.3% | $2m | 39,738 | +36% |
| Vanguard Scottsdale FDSVGSH | 2.3% | $2m | 35,516 | -47% |
| Arch Capital GroupACGL | 2.2% | $2m | 20,915 | New |
| Hercules CapitalHTGC | 2.2% | $2m | 125,009 | +20% |
| Profesionally Managed PortfoAKRE | 2.1% | $2m | 36,586 | +174% |
| SLR InvestmentSLRC | 2.1% | $2m | 152,053 | +21% |
| NXP SemiconductorsNXPI | 2.0% | $2m | 6,552 | -46% |
| American ExpressAXP | 1.6% | $1m | 4,296 | Held |
| Oaktree Specialty LendingOCSL | 1.2% | $1m | 88,563 | -55% |
| WatscoWSO | 1.1% | $1m | 2,445 | Held |
| Listed FDS TRINFL | 1.1% | $959,741 | 19,241 | -4% |
| Johnson & JohnsonJNJ | 0.7% | $613,338 | 2,415 | -20% |
| Sirius XM HoldingsSIRI | 0.4% | $372,248 | 12,602 | -4% |
| Ares CapitalARCC | 0.4% | $360,853 | 19,474 | -34% |
| Cbre GroupCBRE | 0.3% | $249,446 | 1,852 | -21% |
| Sixth Street Specialty LendingTSLX | 0.3% | $241,754 | 14,080 | -47% |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is down 8.1% since 31 December 2025.
Where the money is
Financial services29.8%
Technology26.0%
Retail & consumer10.8%
Industrials9.3%
Media & telecom6.2%
Real estate3.2%
Health care0.7%
Other13.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.