SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Verde Capital Management

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

Reported Value
$265M
Q4 2023
Positions
43
Filings on Record
26
2019–present window
Filed
Jan 12, 2024
original filing

Summary

Verde Capital Management reported $265M in U.S.-listed holdings across 43 positions for Q4 2023.

The portfolio is heavily concentrated: IJH alone accounts for 21.8% of reported value.

Compared with Q3 2023, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+87.8%
share of reported value
Largest Position
+21.8%
Ishares Tr
New / Exited
3 / 3
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 87.6%Common Stock: 10.6%REIT: 1.8%
  • ETP · 87.6% · $232M
  • Common Stock · 10.6% · $28M
  • REIT · 1.8% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CMGCHIPOTLE MEXICAN GRILL INCNEW+499499+$1M$1M
ABNBAIRBNB INCNEW+8.3K8.3K+$1M$1M
WELLWELLTOWER INCNEW+4.9K4.9K+$446,035$446,035
UNHUNITEDHEALTH GROUP INCSOLD OUT−4860−$245,222$0
MUBISHARES TRSOLD OUT−2.2K0−$226,835$0
GOOGLALPHABET INCSOLD OUT−1.7K0−$224,093$0
ZGZILLOW GROUP INCTRIMMED−34.7K6.8K−$1M$388,098
PTONPELOTON INTERACTIVE INCTRIMMED−138.2K32.0K−$664,594$194,932

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

Holdings — Q4 2023

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IJHISHARES TRCORE S&P MCP ETF · HDG MSCI EAFE · CORE S&P SCP ETF · CORE LT USDB ETF · MRGSTR MD CP GRW · CORE S&P500 ETF · IBOXX INV CP ETF21.80%$58M806.1K
2MOATVANECK ETF TRUSTMRNGSTR WDE MOAT · EMERGING MRKT HI18.57%$49M611.8K
3ESGVVANGUARD WORLD FDhistory →ESG US STK ETF15.84%$42M492.5K
4QQQMINVESCO EXCH TRADED FD TR IIhistory →NASDAQ 100 ETF9.80%$26M153.9K
5FNDFSCHWAB STRATEGIC TRSCHWB FDT INT LG · US TIPS ETF9.53%$25M708.1K
6BIVVANGUARD BD INDEX FDSINTERMED TERM · SHORT TRM BOND4.80%$13M166.1K
7QQQINVESCO QQQ TRhistory →UNIT SER 13.25%$9M21.0K
8TSLATESLA INChistory →COM1.54%$4M16.4K
9NVDANVIDIA CORPORATIONhistory →COM1.43%$4M7.6K
10PYPLPAYPAL HLDGS INChistory →COM1.21%$3M52.1K
11NFLXNETFLIX INChistory →COM1.13%$3M6.1K
12GOOGALPHABET INChistory →CAP STK CL C1.06%$3M20.0K
13AMZNAMAZON COM INCCOM0.99%$3M17.3K
14SPOTSPOTIFY TECHNOLOGY S ASHS0.97%$3M13.6K
15VWOBVANGUARD WHITEHALL FDSEM MK GOV BD ETF0.89%$2M37.1K
16CRMSALESFORCE INCCOM0.81%$2M8.2K
17SPIPSPDR SER TRPORTFLI TIPS ETF0.80%$2M82.6K
18XMMOINVESCO EXCHANGE TRADED FD TS&P MDCP MOMNTUM0.75%$2M22.0K
19BNDXVANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.71%$2M38.1K
20PLDPROLOGIS INC.COM0.67%$2M13.3K
21AMTAMERICAN TOWER CORP NEWCOM0.58%$2M7.2K
22CMGCHIPOTLE MEXICAN GRILL INCCOM0.43%$1M499
23ABNBAIRBNB INCCOM CL A0.43%$1M8.3K
24EQIXEQUINIX INCCOM0.39%$1M1.3K
25VNQVANGUARD INDEX FDSREAL ESTATE ETF0.28%$729,3918.3K
26VNQIVANGUARD INTL EQUITY INDEX FGLB EX US ETF0.26%$696,70516.4K
27VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.21%$544,15111.4K
28AAPLAPPLE INCCOM0.20%$538,0192.8K
29WELLWELLTOWER INCCOM0.17%$446,0354.9K
30ZGZILLOW GROUP INCCL A0.15%$388,0986.8K
31VMBSVANGUARD SCOTTSDALE FDSMTG-BKD SECS ETF0.10%$269,3185.8K
32LMTLOCKHEED MARTIN CORPCOM0.09%$247,886547
33VVISA INCCOM CL A0.08%$213,410820
34PTONPELOTON INTERACTIVE INCCL A COM0.07%$194,93232.0K

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 ↗.