SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Verdad Advisers, LP

CIK 0001812822 · 695 ATLANTIC AVENUE, 4TH FLOOR, BOSTON, MA, 02111 · 2022516707

Reported Value
$265M
Q4 2020
Positions
39
Filings on Record
18
2021–present window
Filed
Feb 16, 2021
original filing

Summary

Verdad Advisers, LP reported $265M in U.S.-listed holdings across 39 positions for Q4 2020.

Its largest position, BLDR, represents 6.3% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+45.0%
share of reported value
Largest Position
+6.3%
Builders Firstsource

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 ’20: $265MQ4 ’20Q1 ’21: $314MQ2 ’21: $51MQ3 ’21: $138MQ3 ’21Q4 ’21: $148MQ1 ’22: $122MQ2 ’22: $106MQ2 ’22Q3 ’22: $69MQ4 ’22: $99MQ1 ’23: $50MQ1 ’23Q2 ’23: $64MQ3 ’23: $65MQ4 ’23: $49MQ4 ’23Q1 ’24: $92MQ2 ’24: $87MQ3 ’24: $75MQ3 ’24Q4 ’25: $87MQ1 ’26: $89Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 93.2%Other: 6.6%ETP: 0.2%
  • Common Stock · 93.2% · $247M
  • Other · 6.6% · $18M
  • ETP · 0.2% · $489,000

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
BLDRBUILDERS FIRSTSOURCE INCNEW+407.5K407.5K+$17M$17M
WESTROCK CONEW+347.0K347.0K+$15M$15M
PRIMPRIMORIS SVCS CORPNEW+515.0K515.0K+$14M$14M
AEOAMERICAN EAGLE OUTFITTERS INNEW+670.0K670.0K+$13M$13M
PRGPROG HOLDINGS INCNEW+220.5K220.5K+$12M$12M
ACCOACCO BRANDS CORPNEW+1.34M1.34M+$11M$11M
CI FINL CORPNEW+626.4K626.4K+$10M$10M
ASGN INCNEW+115.0K115.0K+$10M$10M

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

Holdings — Q4 2020

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BLDRBUILDERS FIRSTSOURCE INChistory →COM6.26%$17M407.5K
2WESTROCK COCOM5.69%$15M347.0K
3PRIMPRIMORIS SVCS CORPhistory →COM5.36%$14M515.0K
4AEOAMERICAN EAGLE OUTFITTERS INhistory →COM5.07%$13M670.0K
5PRGPROG HOLDINGS INChistory →COM NPV4.47%$12M220.5K
6ACCOACCO BRANDS CORPhistory →COM4.27%$11M1.34M
7CI FINL CORPCOM3.72%$10M626.4K
8ASGN INCCOM3.62%$10M115.0K
9MCSMARCUS CORP DELhistory →COM3.30%$9M650.0K
10MCFTMASTERCRAFT BOAT HLDGS INChistory →COM3.28%$9M350.0K
11CMCCOMMERCIAL METALS COhistory →COM3.25%$9M420.0K
12AHQAMERICAN WOODMARK CORPORATIOhistory →COM2.93%$8M83.0K
13ACIALBERTSONS COS INChistory →COMMON STOCK2.88%$8M435.0K
14GMS INCCOM2.87%$8M250.0K
15MTHMERITAGE HOMES CORPhistory →COM2.59%$7M83.0K
16DXCDXC TECHNOLOGY COhistory →COM2.55%$7M262.5K
17CMTLCOMTECH TELECOMMUNICATIONS Chistory →COM NEW2.53%$7M325.0K
18KBHKB HOMEhistory →COM2.53%$7M200.0K
19TILEINTERFACE INChistory →COM2.51%$7M635.0K
20PVHPVH CORPORATIONhistory →COM2.48%$7M70.0K
21KRATON CORPORATIONCOM2.36%$6M225.0K
22CVGICOMMERCIAL VEH GROUP INChistory →COM2.31%$6M710.0K
23RYZRYERSON HLDG CORPhistory →COM2.16%$6M419.7K
24CNOCNO FINL GROUP INChistory →COM2.09%$6M250.0K
25MTWMANITOWOC CO INChistory →COM NEW2.06%$5M410.0K
26LKQLKQ CORPhistory →COM1.99%$5M150.0K
27IMKTAINGLES MKTS INChistory →CL A1.99%$5M123.7K
28BHCBAUSCH HEALTH COS INChistory →COM1.89%$5M241.8K
29AMKRAMKOR TECHNOLOGY INChistory →COM1.85%$5M325.0K
30CBTCABOT CORPhistory →COM1.69%$4M100.0K
31ARC DOCUMENT SOLUTIONS INCCOM1.44%$4M2.59M
32THE AARONS COMPANY INCCOM1.44%$4M201.4K
33CLWCLEARWATER PAPER CORPhistory →COM1.07%$3M75.0K
34GTNGRAY TELEVISION INCCOM0.94%$3M140.0K
35CXWCORECIVIC INCCOM0.86%$2M350.0K
36HNRGHALLADOR ENERGY COMPANYCOM0.55%$1M989.2K
37ATKRATKORE INTL GROUP INCCOM0.54%$1M35.0K
38CVEOCIVEO CORP CDACOM NEW0.42%$1M81.0K
39ISHARES TRIBOXX HI YD ETF0.18%$489,0005.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$89M179May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$87M104Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2024$75M93Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$87M111Aug 6, 202413F-HRchanges · EDGAR ↗
Q1 2024$92M147May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$49M53Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$65M51Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$64M46Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$50M38May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$99M29Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$69M25Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$106M28Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$122M34May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$148M42Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$138M46Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$51M22Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$314M37May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$265M39Feb 16, 202113F-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 ↗.