SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Verde Capital Management

CIK 0001802891 · 8031 ORTONVILLE ROAD, SUITE 210, CLARKSTON, MI, 48348 · 248-528-1870

Reported Value
$257M
Q3 2023
Positions
43
Filings on Record
26
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Verde Capital Management reported $257M in U.S.-listed holdings across 43 positions for Q3 2023.

Its largest position, Vaneck Etf, represents 18.2% of the portfolio.

Compared with Q2 2023, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+1.3%
vs prior filed quarter
Top-10 Concentration
+79.7%
share of reported value
Largest Position
+18.2%
Vaneck Etf
New / Exited
2 / 1
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. 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
Q4 ’19: $171MQ4 ’19Q1 ’20: $141MQ2 ’20: $153MQ3 ’20: $176MQ4 ’20: $201MQ4 ’20Q1 ’21: $227MQ2 ’21: $238MQ3 ’21: $240MQ4 ’21: $263MQ4 ’21Q1 ’22: $252MQ2 ’22: $218MQ3 ’22: $206MQ4 ’22: $209MQ4 ’22Q1 ’23: $240MQ2 ’23: $264MQ3 ’23: $257MQ4 ’23: $265MQ4 ’23Q1 ’24: $292MQ2 ’24: $315MQ3 ’24: $333MQ4 ’24: $354MQ4 ’24Q1 ’25: $351MQ2 ’25: $405MQ3 ’25: $451MQ4 ’25: $469MQ4 ’25Q1 ’26: $468Mfilingsflow.com

Portfolio Composition

By security type
ETP: 88.1%Common Stock: 9.7%REIT: 1.4%Other: 0.9%
  • ETP · 88.1% · $227M
  • Common Stock · 9.7% · $25M
  • REIT · 1.4% · $3M
  • Other · 0.9% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LMTLOCKHEED MARTIN CORPNEW+665665+$272,208$272,208
VVISA INCNEW+1.1K1.1K+$261,457$261,457
HORIZON THERAPEUTICS PUB LSOLD OUT−4.9K0−$503,965$0
PTONPELOTON INTERACTIVE INCADDED+48.3K170.2K−$78,059$859,526
PYPLPAYPAL HLDGS INCADDED+11.4K41.1K+$421,462$2M
NVDANVIDIA CORPORATIONTRIMMED−4.9K8.0K−$2M$3M
NFLXNETFLIX INCTRIMMED−1.4K6.5K−$1M$2M
ZGZILLOW GROUP INCTRIMMED−8.0K41.5K−$575,607$2M

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

Holdings — Q3 2023

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P MCP ETF · HDG MSCI EAFE · CORE S&P SCP ETF · CORE LT USDB ETF · MRGSTR MD CP GRW · IBOXX INV CP ETF · NATIONAL MUN ETF · CORE S&P500 ETF21.36%$55M854.2K
2VANECK ETF TRUSTMRNGSTR WDE MOAT · EMERGING MRKT HI18.53%$48M669.3K
3VANGUARD WORLD FDESG US STK ETF14.81%$38M506.5K
4SCHWAB STRATEGIC TRSCHWB FDT INT LG · US TIPS ETF9.78%$25M743.5K
5INVESCO EXCH TRADED FD TR IINASDAQ 100 ETF9.72%$25M169.6K
6VANGUARD BD INDEX FDSINTERMED TERM · SHORT TRM BOND5.41%$14M192.1K
7NDQINVESCO QQQ TRhistory →UNIT SER 13.20%$8M23.0K
8TSLATESLA INChistory →COM1.66%$4M17.1K
9NVDANVIDIA CORPORATIONhistory →COM1.36%$3M8.0K
10GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.28%$3M24.9K
11SPDR SER TRPORTFLI TIPS ETF1.26%$3M130.0K
12VANGUARD WHITEHALL FDSEM MK GOV BD ETF1.06%$3M46.0K
13AMZNAMAZON COM INChistory →COM1.05%$3M21.3K
14NFLXNETFLIX INCCOM0.95%$2M6.5K
15PYPLPAYPAL HLDGS INCCOM0.93%$2M41.1K
16SPOTIFY TECHNOLOGY S ASHS0.91%$2M15.2K
17VANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.89%$2M48.0K
18CRMSALESFORCE INCCOM0.89%$2M11.2K
19INVESCO EXCHANGE TRADED FD TS&P MDCP MOMNTUM0.81%$2M25.9K
20ZGZILLOW GROUP INCCL A0.72%$2M41.5K
21VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.57%$1M33.4K
22PLDPROLOGIS INC.COM0.54%$1M12.4K
23AMTAMERICAN TOWER CORP NEWCOM0.44%$1M6.9K
24EQIXEQUINIX INCCOM0.37%$962,0771.3K
25PTONPELOTON INTERACTIVE INCCL A COM0.33%$859,526170.2K
26VANGUARD INDEX FDSREAL ESTATE ETF0.24%$620,8978.2K
27VANGUARD INTL EQUITY INDEX FGLB EX US ETF0.24%$620,45715.9K
28AAPLAPPLE INCCOM0.19%$481,8092.8K
29VANGUARD SCOTTSDALE FDSMTG-BKD SECS ETF0.19%$479,05710.9K
30LMTLOCKHEED MARTIN CORPCOM0.11%$272,208665
31VVISA INCCOM CL A0.10%$261,4571.1K
32UNHUNITEDHEALTH GROUP INCCOM0.10%$245,222486

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$468M69Apr 17, 202613F-HRchanges · EDGAR ↗
Q4 2025$469M67Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$451M68Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$405M65Jul 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$351M64Apr 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$354M64Jan 17, 202513F-HRchanges · EDGAR ↗
Q3 2024$333M52Oct 18, 202413F-HRchanges · EDGAR ↗
Q2 2024$315M45Jul 18, 202413F-HRchanges · EDGAR ↗
Q1 2024$292M42Apr 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$265M43Jan 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$257M43Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$264M42Jul 13, 202313F-HRchanges · EDGAR ↗
Q1 2023$240M39Apr 25, 202313F-HRchanges · EDGAR ↗
Q4 2022$209M39Jan 24, 202313F-HRchanges · EDGAR ↗
Q3 2022$206M38Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$218M39Jul 28, 202213F-HRchanges · EDGAR ↗
Q1 2022$252M41Apr 18, 202213F-HRchanges · EDGAR ↗
Q4 2021$263M40Jan 24, 202213F-HRchanges · EDGAR ↗
Q3 2021$240M37Oct 13, 202113F-HRchanges · EDGAR ↗
Q2 2021$238M41Jul 14, 202113F-HRchanges · EDGAR ↗
Q1 2021$227M37Apr 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$201M39Jan 29, 202113F-HRchanges · EDGAR ↗
Q3 2020$176M44Nov 3, 202013F-HRchanges · EDGAR ↗
Q2 2020$153M39Jul 20, 202013F-HRchanges · EDGAR ↗
Q1 2020$141M34Apr 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$171M38Feb 11, 202013F-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 ↗.