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Livermore
Livermore
ZHEN

Triad Investment Management

SEC CIK
0001615717
Latest filing
Jul 21, 2026

The latest 13F from Triad Investment Management covers Q2 2026 (filed Jul 21, 2026): 34 long positions worth $90.7M. The top 10 holdings make up 52.0% of the portfolio, and the largest is NVR Inc (NVR) at 6.5%. Livermore has 14 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$7.96M
Added
14
Est. +$11.0M
Reduced
16
Est. −$11.0M
Sold out
4
Est. −$7.28M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVRNVR Inc
    6.5%$5.93MHistory
  2. GOOGAlphabet Inc.
    5.8%$5.26MHistory
  3. VVisa Inc.
    5.7%$5.21MHistory
  4. WTMWhite Mountains Insurance Group Ltd
    5.6%$5.12MHistory
  5. MAXMediaAlpha, Inc.
    5.1%$4.63MHistory

Share of portfolio

Top 5 holdings and the other 29 positions, by share of portfolio value

  1. NVR6.5%
  2. GOOG5.8%
  3. V5.7%
  4. WTM5.6%
  5. MAX5.1%
  6. Other 29 positions71.2%

Biggest buys

New and added positions, by estimated amount bought

  1. NVRNVR Inc
    +$5.93MNewHistory
  2. MSFTMicrosoft Corp
    +$2.05MAddedHistory
  3. ACGLArch Capital Group Ltd.
    +$2.03MNewHistory
  4. Profesionally Managed Portfo74316P579
    +$1.24MAdded
  5. BRK.BBerkshire Hathaway Inc
    +$1.23MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. NVRNVR Inc
    +6.54 pp0.0% → 6.5%History
  2. ACGLArch Capital Group Ltd.
    +2.24 pp0.0% → 2.2%History
  3. MSFTMicrosoft Corp
    +2.23 pp0.5% → 2.7%History
  4. MAXMediaAlpha, Inc.
    +1.44 pp3.7% → 5.1%History
  5. Profesionally Managed Portfo74316P579
    +1.31 pp0.8% → 2.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DHRDanaher Corp
    −$4.12MSold outHistory
  2. Simplify Exchange Traded Fun82889N525
    −$2.56MSold out
  3. MACMacerich Co
    −$2.52MReducedHistory
  4. GOOGAlphabet Inc.
    −$1.82MReducedHistory
  5. Vanguard Scottsdale FDS92206C102
    −$1.81MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. DHRDanaher Corp
    −4.87 pp4.9% → 0.0%History
  2. Simplify Exchange Traded Fun82889N525
    −3.03 pp3.0% → 0.0%
  3. Vanguard Scottsdale FDS92206C102
    −2.32 pp4.6% → 2.3%
  4. MACMacerich Co
    −1.65 pp4.6% → 3.0%History
  5. OCSLOaktree Specialty Lending Corp
    −1.47 pp2.6% → 1.2%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$90.7M
+$6.00M (+7.1%) vs. prior quarter
Positions
34
−2 vs. prior quarter
Top 10 concentration
52.0%
Top 10 as share of value
Turnover
20.9%
Q2 2026, one quarter
Average holding period
2.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2021), so positions held before then are understated.

13F filings by quarter

13 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $110.1M (Q4 2021)

Q4 2021: $110.1MQ1 2022: $105.7MQ2 2022: $67.5MQ3 2022: $57.6MQ4 2022: $63.9MQ1 2023: $68.8MQ2 2023: $71.9MQ3 2023: $68.5MQ4 2023: $76.2MQ1 2024: $82.4MQ4 2025: $98.7MQ1 2026: $84.7MQ2 2026: $90.7M
Q4 2021Q2 2026
13F filings of Triad Investment Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 202634$90.7MNVRGOOGVvs. Q1 2026SEC
Q1 2026May 8, 2026Amended36$84.7MGOOGWTMROPvs. Q4 2025SEC
Q4 2025Jan 16, 202636$98.7MWBDGOOGROP–SEC
Q1 2024Apr 12, 202442$82.4MMAXITCNNEvs. Q4 2023SEC
Q4 2023Jan 10, 202444$76.2MITSLBVanguard Scottsdale FDSvs. Q3 2023SEC
Q3 2023Oct 13, 202346$68.5MSLBITCNNEvs. Q2 2023SEC
Q2 2023Jul 11, 202357$71.9MSLBITFISVvs. Q1 2023SEC
Q1 2023Jul 11, 202359$68.8MSLBITCNNEvs. Q4 2022SEC
Q4 2022Jan 27, 202356$63.9MSLBITCNNEvs. Q3 2022SEC
Q3 2022Oct 18, 202255$57.6MCNNESLBITvs. Q2 2022SEC
Q2 2022Jul 18, 202260$67.5MSLBCNNECCMPvs. Q1 2022SEC
Q1 2022Apr 27, 202262$105.7MSLBCNNEVACvs. Q4 2021SEC
Q4 2021Apr 27, 202264$110.1MCNNEVACCCMP–SEC

13D and 13G filings

Companies where Triad Investment Management reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Triad Investment Management does not currently report owning 5% or more of any company.

Latest filings

5 filings on file made by Triad Investment Management or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Triad Investment Management
CompanyFiled (ET)FormStakeChangeEvent dateFiling
LTRPALiberty TripAdvisor Holdings, Inc.Dec 30, 20245:45 PM ET13G/A0.00%3.61M shares–Below 5%Dec 23, 2024SEC
LTRPALiberty TripAdvisor Holdings, Inc.Nov 18, 202413G/AOld format–––SEC
LTRPALiberty TripAdvisor Holdings, Inc.Feb 16, 202413GOld format–––SEC
LTRPALiberty TripAdvisor Holdings, Inc.Feb 12, 202413D/AOld format–––SEC
LTRPALiberty TripAdvisor Holdings, Inc.Jan 11, 202413DOld format–New–SEC