SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Verdad Advisers, LP

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

Reported Value
$148M
Q4 2021
Positions
42
Filings on Record
18
2021–present window
Filed
Feb 9, 2022
original filing

Summary

Verdad Advisers, LP reported $148M in U.S.-listed holdings across 42 positions for Q4 2021.

Its largest position, IEF, represents 17.1% of the portfolio.

Compared with Q3 2021, the fund opened 9 new positions and exited 12.

Portfolio Metrics

Turnover
+41.2%
vs prior filed quarter
Top-10 Concentration
+53.5%
share of reported value
Largest Position
+17.1%
Ishares Tr
New / Exited
9 / 12
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 ’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: 63.2%ETP: 31.9%Other: 3.9%ADR: 1.0%
  • Common Stock · 63.2% · $93M
  • ETP · 31.9% · $47M
  • Other · 3.9% · $6M
  • ADR · 1.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VMBSVANGUARD SCOTTSDALE FDSNEW+193.0K193.0K+$10M$10M
PGRPROGRESSIVE CORPNEW+35.5K35.5K+$4M$4M
KRKROGER CONEW+79.5K79.5K+$4M$4M
ASOACADEMY SPORTS & OUTDOORS INNEW+81.5K81.5K+$4M$4M
ISHARES TRNEW+20.0K20.0K+$2M$2M
HDSNHUDSON TECHNOLOGIES INCNEW+365.0K365.0K+$2M$2M
TSMTAIWAN SEMICONDUCTOR MFG LTDNEW+12.0K12.0K+$1M$1M
STLASTELLANTIS N.VNEW+76.0K76.0K+$1M$1M

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

Holdings — Q4 2021

40 positions (from 42 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IEFISHARES TRBARCLAYS 7 10 YR · IBOXX HI YD ETF · FALN ANGLS USD17.09%$25M236.5K
2SPYSPDR S&P 500 ETF TRhistory →TR UNIT7.88%$12M24.5K
3VMBSVANGUARD SCOTTSDALE FDShistory →MTG-BKD SECS ETF6.91%$10M193.0K
4MCSMARCUS CORP DELhistory →COM3.93%$6M325.0K
5DASEKE INCCOM3.88%$6M571.3K
6CERNER CORPCOM2.99%$4M47.5K
7RYZRYERSON HLDG CORPhistory →COM2.94%$4M166.5K
8DXCDXC TECHNOLOGY COhistory →COM2.89%$4M132.5K
9CLCOLGATE PALMOLIVE COhistory →COM2.54%$4M44.0K
10ARC DOCUMENT SOLUTIONS INCCOM2.47%$4M1.04M
11PGRPROGRESSIVE CORPhistory →COM2.47%$4M35.5K
12AMATAPPLIED MATLS INChistory →COM2.45%$4M23.0K
13DPZDOMINOS PIZZA INChistory →COM2.45%$4M6.4K
14KRKROGER COhistory →COM2.44%$4M79.5K
15FASTFASTENAL COhistory →COM2.43%$4M56.0K
16ASOACADEMY SPORTS & OUTDOORS INhistory →COM2.42%$4M81.5K
17MSFTMICROSOFT CORPhistory →COM2.39%$4M10.5K
18SHWSHERWIN WILLIAMS COhistory →COM2.39%$4M10.0K
19BLDRBUILDERS FIRSTSOURCE INChistory →COM2.38%$4M41.0K
20GOOGLALPHABET INChistory →CAP STK CL A2.35%$3M1.2K
21CNDTCONDUENT INChistory →COM2.23%$3M617.5K
22ACIALBERTSONS COS INChistory →COMMON STOCK2.04%$3M100.0K
23TILEINTERFACE INChistory →COM1.95%$3M180.1K
24STRLSTERLING CONSTR INChistory →COM1.53%$2M85.8K
25ALJ REGL HLDGS INCCOM1.44%$2M1.17M
26IMKTAINGLES MKTS INChistory →CL A1.17%$2M20.0K
27HDSNHUDSON TECHNOLOGIES INChistory →COM1.10%$2M365.0K
28SNFCASECURITY NATL FINL CORPhistory →CL A NEW1.07%$2M172.5K
29AEOAMERICAN EAGLE OUTFITTERS INCOM0.99%$1M57.5K
30GTIMGOOD TIMES RESTAURANTS INCCOM NEW0.98%$1M334.0K
31TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.98%$1M12.0K
32STLASTELLANTIS N.VSHS0.97%$1M76.0K
33PRIMPRIMORIS SVCS CORPCOM0.95%$1M58.5K
34DCHAMERICAN AXLE & MFG HLDGS INCOM0.88%$1M140.0K
35HNRGHALLADOR ENERGY COMPANYCOM0.88%$1M530.3K
36ASIXADVANSIX INCCOM0.85%$1M26.5K
37TAUSDTRAVELCENTERS OF AMERICA INCCOM NEW0.82%$1M23.5K
38CONTAINER STORE GROUP INCCOM0.80%$1M118.0K
39SALMSALEM MEDIA GROUP INCCL A0.65%$955,000312.0K
40PDSPRECISION DRILLING CORPCOM NEW0.03%$37,0001.1K

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 ↗.