This article presents a simple and high-speed approach for tracking colloidal spheres in three dimensions. The method uses the curvature of the wavefront as determined by the transport of intensity equation (TIE) technique. Due to the fact that the TIE is applicable under partially coherent light, our technique is fully compatible with standard bright field microscopes, requiring no demanding environmental stability requirements or restrictions on the noise produced by related laser speckles. The method was validated experimentally to determine the sedimentation and diffusion coefficients of two different sizes of microspheres, 20 and 3 microns. The 3D position of the microspheres was calculated with an accuracy greater than 350 nm. Moreover, we examined the calculated 3D positions to determine the parameters of the microsphere interaction with its surrounding media, such as the sedimentation and diffusion coefficients. The results show that the measured sedimentation and diffusion of the microspheres have a good agreement with predicted values of about 2% and 10%, respectively, demonstrating the robustness of our proposed method.