SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Verdad Advisers, LP

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

Reported Value
$69M
Q3 2022
Positions
25
Filings on Record
18
2021–present window
Filed
Nov 14, 2022
original filing

Summary

Verdad Advisers, LP reported $69M in U.S.-listed holdings across 25 positions for Q3 2022.

The portfolio is heavily concentrated: IGIB alone accounts for 28.1% of reported value.

Compared with Q2 2022, the fund opened 3 new positions and exited 6.

Portfolio Metrics

Turnover
+25.8%
vs prior filed quarter
Top-10 Concentration
+75.3%
share of reported value
Largest Position
+28.1%
Ishares Tr
New / Exited
3 / 6
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: 54.4%ETP: 41.7%Other: 2.4%ADR: 1.4%
  • Common Stock · 54.4% · $37M
  • ETP · 41.7% · $29M
  • Other · 2.4% · $2M
  • ADR · 1.4% · $995,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IGIBISHARES TRNEW+400.0K400.0K+$19M$19M
EGEVEREST RE GROUP LTDNEW+7.5K7.5K+$2M$2M
ARKRARK RESTAURANTS CORPNEW+40.0K40.0K+$744,000$744,000
IEFISHARES TRSOLD OUT−210.0K0−$21M$0
IEIISHARES TRSOLD OUT−180.0K0−$21M$0
ALJ REGL HLDGS INCSOLD OUT−953.3K0−$2M$0
TSMTAIWAN SEMICONDUCTOR MFG LTDSOLD OUT−19.0K0−$2M$0
MSFTMICROSOFT CORPSOLD OUT−4.0K0−$1M$0

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

Holdings — Q3 2022

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IGIBISHARES TRhistory →ISHS 5-10YR INVT28.08%$19M400.0K
2VGSHVANGUARD SCOTTSDALE FDShistory →SHORT TERM TREAS13.66%$9M162.5K
3MCSMARCUS CORP DELhistory →COM5.60%$4M277.5K
4PGRPROGRESSIVE CORPhistory →COM5.07%$3M30.0K
5CLCOLGATE PALMOLIVE COhistory →COM4.90%$3M48.0K
6KRKROGER COhistory →COM4.90%$3M77.0K
7OXYOCCIDENTAL PETE CORPhistory →COM3.80%$3M42.5K
8DXCDXC TECHNOLOGY COhistory →COM3.20%$2M90.0K
9RYZRYERSON HLDG CORPhistory →COM3.18%$2M85.0K
10EGEVEREST RE GROUP LTDhistory →COM2.86%$2M7.5K
11DASEKE INCCOM2.75%$2M350.0K
12ARC DOCUMENT SOLUTIONS INCCOM2.38%$2M725.0K
13SALMSALEM MEDIA GROUP INChistory →CL A2.24%$2M885.5K
14CXWCORECIVIC INChistory →COM2.12%$1M165.0K
15IMKTAINGLES MKTS INChistory →CL A2.07%$1M18.0K
16ASOACADEMY SPORTS & OUTDOORS INhistory →COM1.84%$1M30.0K
17ASIXADVANSIX INChistory →COM1.52%$1M32.5K
18UVVUNIVERSAL CORP VAhistory →COM1.51%$1M22.5K
19TSCOTRACTOR SUPPLY COhistory →COM1.49%$1M5.5K
20SHELSHELL PLChistory →SPON ADS1.45%$995,00020.0K
21JBHTHUNT J B TRANS SVCS INChistory →COM1.37%$939,0006.0K
22STRLSTERLING CONSTR INChistory →COM1.17%$805,00037.5K
23ARKRARK RESTAURANTS CORPhistory →COM1.08%$744,00040.0K
24SNFCASECURITY NATL FINL CORPhistory →CL A NEW1.07%$733,000115.5K
25GTIMGOOD TIMES RESTAURANTS INCCOM NEW0.69%$474,000218.6K

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 ↗.