SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Verdad Advisers, LP

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

Reported Value
$106M
Q2 2022
Positions
28
Filings on Record
18
2021–present window
Filed
Aug 15, 2022
original filing

Summary

Verdad Advisers, LP reported $106M in U.S.-listed holdings across 28 positions for Q2 2022.

The portfolio is heavily concentrated: IEF alone accounts for 40.5% of reported value.

Compared with Q1 2022, the fund opened 6 new positions and exited 12.

Portfolio Metrics

Turnover
+56.6%
vs prior filed quarter
Top-10 Concentration
+78.3%
share of reported value
Largest Position
+40.5%
Ishares Tr
New / Exited
6 / 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
ETP: 54.9%Common Stock: 38.6%Other: 3.5%ADR: 2.9%
  • ETP · 54.9% · $58M
  • Common Stock · 38.6% · $41M
  • Other · 3.5% · $4M
  • ADR · 2.9% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IEFISHARES TRNEW+210.0K210.0K+$21M$21M
IEIISHARES TRNEW+180.0K180.0K+$21M$21M
VGSHVANGUARD SCOTTSDALE FDSNEW+260.0K260.0K+$15M$15M
OXYOCCIDENTAL PETE CORPNEW+45.0K45.0K+$3M$3M
SHELSHELL PLCNEW+30.0K30.0K+$2M$2M
CXWCORECIVIC INCNEW+125.0K125.0K+$1M$1M
SCHRSCHWAB STRATEGIC TRSOLD OUT−550.0K0−$29M$0
SPDR SER TRSOLD OUT−135.0K0−$6M$0

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

Holdings — Q2 2022

27 positions (from 28 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IEFISHARES TR7-10 YR TRSY BD · 3 7 YR TREAS BD40.50%$43M390.0K
2VGSHVANGUARD SCOTTSDALE FDShistory →SHORT TERM TREAS14.43%$15M260.0K
3MCSMARCUS CORP DELhistory →COM3.86%$4M277.5K
4CLCOLGATE PALMOLIVE COhistory →COM3.63%$4M48.0K
5KRKROGER COhistory →COM3.44%$4M77.0K
6PGRPROGRESSIVE CORPhistory →COM3.29%$3M30.0K
7DXCDXC TECHNOLOGY COhistory →COM2.57%$3M90.0K
8OXYOCCIDENTAL PETE CORPhistory →COM2.50%$3M45.0K
9DASEKE INCCOM2.23%$2M370.0K
10ASOACADEMY SPORTS & OUTDOORS INhistory →COM1.84%$2M55.0K
11ARC DOCUMENT SOLUTIONS INCCOM1.80%$2M725.0K
12ALJ REGL HLDGS INCCOM1.73%$2M953.3K
13RYZRYERSON HLDG CORPhistory →COM1.61%$2M80.0K
14SALMSALEM MEDIA GROUP INChistory →CL A1.60%$2M800.0K
15SHELSHELL PLChistory →SPON ADS1.48%$2M30.0K
16IMKTAINGLES MKTS INChistory →CL A1.47%$2M18.0K
17TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.46%$2M19.0K
18CXWCORECIVIC INChistory →COM1.31%$1M125.0K
19UVVUNIVERSAL CORP VAhistory →COM1.28%$1M22.5K
20TSCOTRACTOR SUPPLY COhistory →COM1.23%$1M6.8K
21SNFCASECURITY NATL FINL CORPhistory →CL A NEW1.17%$1M147.0K
22JBHTHUNT J B TRANS SVCS INChistory →COM1.11%$1M7.5K
23ASIXADVANSIX INChistory →COM1.02%$1M32.5K
24MSFTMICROSOFT CORPCOM0.97%$1M4.0K
25STRLSTERLING INFRASTRUCTURE INCCOM0.83%$877,00040.0K
26GTIMGOOD TIMES RESTAURANTS INCCOM NEW0.82%$873,000290.0K
27TAUSDTRAVELCENTERS OF AMERICA INCCOM NEW0.81%$862,00025.0K

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 ↗.