Managers / Q1 2026
Verger Capital Management LLC
CIK 0001627417 · 751 W FOURTH STREET, SUITE 410, WINSTON-SALEM, NC, 27101 · 3369344101
Summary
Verger Capital Management LLC reported $339M in U.S.-listed holdings across 13 positions for Q1 2026.
The portfolio is heavily concentrated: ACWI alone accounts for 24.6% of reported value.
Compared with Q4 2025, the fund opened 0 new positions and exited 1.
Portfolio Metrics
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. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 100.0% · $339M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ISHARES TR | SOLD OUT | −2.4K | 0 | −$487,913 | $0 |
| ISHARES INC | TRIMMED | −3.2K | 6.1K | −$236,842 | $518,898 |
| IAU*ISHARES GOLD TR | TRIMMED | −57.7K | 213.1K | −$3M | $19M |
| ISHARES TR | TRIMMED | −1.5K | 13.0K | −$192,688 | $2M |
| VANECK ETF TRUST | TRIMMED | −3.5K | 31.6K | −$114,533 | $3M |
| ISHARES TR | ADDED | +42.9K | 698.5K | +$4M | $69M |
| ISHARES TR | HELD | −3.5K | 99.2K | −$342,905 | $11M |
| ACWIISHARES TR | HELD | −11.9K | 604.2K | −$4M | $84M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ACWIISHARES TR | MSCI ACWI ETF · CORE US AGGBD ET · GLOBAL ENERG ETF · MSCI EAFE ETF · CORE S&P500 ETF · MSCI EMG MKT ETF · TIPS BD ETF · 3 7 YR TREAS BD | 80.13% | $272M | 2.58M |
| 2 | STATE STR SPDR S&P 500 ETF T | TR UNIT | 12.83% | $44M | 66.9K |
| 3 | IAU*ISHARES GOLD TRhistory → | ISHARES NEW | 5.54% | $19M | 213.1K |
| 4 | VANECK ETF TRUST | GOLD MINERS ETF | 0.85% | $3M | 31.6K |
| 5 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 0.49% | $2M | 8.7K |
| 6 | ISHARES INC | MSCI JAPAN ETF | 0.15% | $518,898 | 6.1K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $339M | 13 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $338M | 14 | Feb 2, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $308M | 14 | Oct 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $254M | 14 | Jul 24, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $227M | 14 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $201M | 14 | Feb 3, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $202M | 14 | Nov 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $196M | 13 | Jul 19, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $196M | 13 | May 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $179M | 13 | Jan 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $113M | 13 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $161M | 12 | Jul 28, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $185M | 32 | May 4, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $178M | 34 | Feb 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $152M | 27 | Oct 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $112M | 12 | Jul 19, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $128M | 12 | May 4, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $130M | 12 | Feb 2, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $123M | 12 | Oct 29, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $122M | 12 | Aug 4, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $116M | 12 | Apr 30, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $114M | 13 | Jan 26, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $112M | 14 | Oct 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $122M | 15 | Aug 3, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $129M | 13 | May 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $204M | 13 | Jan 28, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $187M | 13 | Nov 4, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $189M | 13 | Jul 19, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $188M | 13 | May 7, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $183M | 13 | Feb 12, 2019 | 13F-HR | changes · 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 ↗.