SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Verdad Advisers, LP

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

Reported Value
$122M
Q1 2022
Positions
34
Filings on Record
18
2021–present window
Filed
May 13, 2022
original filing

Summary

Verdad Advisers, LP reported $122M in U.S.-listed holdings across 34 positions for Q1 2022.

The portfolio is heavily concentrated: SCHR alone accounts for 24.0% of reported value.

Compared with Q4 2021, the fund opened 7 new positions and exited 15.

Portfolio Metrics

Turnover
+42.0%
vs prior filed quarter
Top-10 Concentration
+57.2%
share of reported value
Largest Position
+24.0%
Schwab Strategic Tr
New / Exited
7 / 15
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: 65.2%ETP: 28.6%Other: 4.6%ADR: 1.5%
  • Common Stock · 65.2% · $80M
  • ETP · 28.6% · $35M
  • Other · 4.6% · $6M
  • ADR · 1.5% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SCHRSCHWAB STRATEGIC TRNEW+550.0K550.0K+$29M$29M
SPDR SER TRNEW+135.0K135.0K+$6M$6M
TSCOTRACTOR SUPPLY CONEW+16.5K16.5K+$4M$4M
JBHTHUNT J B TRANS SVCS INCNEW+18.5K18.5K+$4M$4M
HCAHCA HEALTHCARE INCNEW+14.0K14.0K+$4M$4M
BXCBLUELINX HLDGS INCNEW+43.0K43.0K+$3M$3M
UVVUNIVERSAL CORP VANEW+22.5K22.5K+$1M$1M
IEFISHARES TRSOLD OUT−200.0K0−$23M$0

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

Holdings — Q1 2022

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHRSCHWAB STRATEGIC TRhistory →INTRM TRM TRES23.99%$29M550.0K
2SPDR SER TRPRTFLO S&P500 VL4.62%$6M135.0K
3MCSMARCUS CORP DELhistory →COM4.31%$5M247.6K
4DASEKE INCCOM4.00%$5M485.5K
5ASOACADEMY SPORTS & OUTDOORS INhistory →COM3.77%$5M116.8K
6KRKROGER COhistory →COM3.62%$4M77.0K
7PGRPROGRESSIVE CORPhistory →COM3.31%$4M35.5K
8FASTFASTENAL COhistory →COM3.21%$4M66.0K
9GOOGLALPHABET INChistory →CAP STK CL A3.19%$4M1.4K
10TSCOTRACTOR SUPPLY COhistory →COM3.15%$4M16.5K
11DXCDXC TECHNOLOGY COhistory →COM3.14%$4M117.5K
12AMATAPPLIED MATLS INChistory →COM3.08%$4M28.5K
13JBHTHUNT J B TRANS SVCS INChistory →COM3.04%$4M18.5K
14MSFTMICROSOFT CORPhistory →COM3.03%$4M12.0K
15CLCOLGATE PALMOLIVE COhistory →COM2.98%$4M48.0K
16HCAHCA HEALTHCARE INChistory →COM2.87%$4M14.0K
17BXCBLUELINX HLDGS INChistory →COM NEW2.53%$3M43.0K
18ARC DOCUMENT SOLUTIONS INCCOM2.44%$3M763.4K
19ALJ REGL HLDGS INCCOM2.20%$3M1.02M
20STLASTELLANTIS N.Vhistory →SHS1.63%$2M122.5K
21SALMSALEM MEDIA GROUP INChistory →CL A1.52%$2M546.9K
22TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.52%$2M17.8K
23ASIXADVANSIX INChistory →COM1.42%$2M34.0K
24CNDTCONDUENT INChistory →COM1.27%$2M300.0K
25SNFCASECURITY NATL FINL CORPhistory →CL A NEW1.23%$2M150.0K
26STRLSTERLING CONSTR INChistory →COM1.21%$1M55.0K
27IMKTAINGLES MKTS INChistory →CL A1.17%$1M16.0K
28RYZRYERSON HLDG CORPhistory →COM1.15%$1M40.0K
29UVVUNIVERSAL CORP VAhistory →COM1.07%$1M22.5K
30TILEINTERFACE INChistory →COM1.00%$1M90.0K
31TAUSDTRAVELCENTERS OF AMERICA INCCOM NEW0.88%$1M25.0K
32GTIMGOOD TIMES RESTAURANTS INCCOM NEW0.83%$1M290.0K
33ACIALBERTSONS COS INCCOMMON STOCK0.82%$998,00030.0K
34BLDRBUILDERS FIRSTSOURCE INCCOM0.79%$968,00015.0K

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 ↗.