SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Verdad Advisers, LP

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

Reported Value
$64M
Q2 2023
Positions
46
Filings on Record
18
2021–present window
Filed
Aug 9, 2023
original filing

Summary

Verdad Advisers, LP reported $64M in U.S.-listed holdings across 46 positions for Q2 2023.

Its largest position, VOO, represents 10.7% of the portfolio.

Compared with Q1 2023, the fund opened 18 new positions and exited 10.

Portfolio Metrics

Turnover
+24.8%
vs prior filed quarter
Top-10 Concentration
+45.2%
share of reported value
Largest Position
+10.7%
Vanguard Index Fds
New / Exited
18 / 10
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: 59.0%ETP: 24.5%ADR: 8.8%Other: 6.1%MLP: 1.6%
  • Common Stock · 59.0% · $38M
  • ETP · 24.5% · $16M
  • ADR · 8.8% · $6M
  • Other · 6.1% · $4M
  • MLP · 1.6% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VOOVANGUARD INDEX FDSNEW+16.7K16.7K+$7M$7M
VEAVANGUARD TAX-MANAGED FDSNEW+81.0K81.0K+$4M$4M
DXJWISDOMTREE TRNEW+37.5K37.5K+$3M$3M
DIHPDIMENSIONAL ETF TRUSTNEW+80.5K80.5K+$2M$2M
CAMBRIDGE BANCORPNEW+28.6K28.6K+$2M$2M
BLDRBUILDERS FIRSTSOURCE INCNEW+9.1K9.1K+$1M$1M
BSMBLACK STONE MINERALS L PNEW+63.9K63.9K+$1M$1M
SPOTSPOTIFY TECHNOLOGY S ANEW+5.8K5.8K+$939,218$939,218

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

Holdings — Q2 2023

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VOOVANGUARD INDEX FDShistory →S&P 500 ETF SHS10.65%$7M16.7K
2VEAVANGUARD TAX-MANAGED FDShistory →VAN FTSE DEV MKT5.86%$4M81.0K
3RYZRYERSON HLDG CORPhistory →COM5.10%$3M75.0K
4DXJWISDOMTREE TRhistory →JAPN HEDGE EQT4.89%$3M37.5K
5ARC DOCUMENT SOLUTIONS INCCOM3.68%$2M724.9K
6DASEKE INCCOM3.11%$2M278.1K
7DIHPDIMENSIONAL ETF TRUSThistory →INTL HIGH PROFIT3.09%$2M80.5K
8MSFTMICROSOFT CORPhistory →COM3.07%$2M5.8K
9HCAHCA HEALTHCARE INChistory →COM3.00%$2M6.3K
10TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS2.80%$2M17.7K
11KRKROGER COhistory →COM2.67%$2M36.3K
12MCSMARCUS CORP DELhistory →COM2.67%$2M115.0K
13ASOACADEMY SPORTS & OUTDOORS INhistory →COM2.54%$2M30.0K
14CAMBRIDGE BANCORPCOM2.44%$2M28.6K
15EGEVEREST RE GROUP LTDhistory →COM2.39%$2M4.5K
16JPMJPMORGAN CHASE & COhistory →COM2.11%$1M9.3K
17BLDRBUILDERS FIRSTSOURCE INChistory →COM1.94%$1M9.1K
18CXWCORECIVIC INChistory →COM1.89%$1M128.5K
19DXCDXC TECHNOLOGY COhistory →COM1.88%$1M45.0K
20IMOSCHIPMOS TECHNOLOGIES INChistory →SPONSORD ADS NEW1.86%$1M50.0K
21SOUTHWESTERN ENERGY COCOM1.79%$1M190.0K
22PGRPROGRESSIVE CORPhistory →COM1.77%$1M8.5K
23QCOMQUALCOMM INChistory →COM1.62%$1M8.7K
24GEFGREIF INChistory →CL A1.62%$1M15.0K
25OXYOCCIDENTAL PETE CORPhistory →COM1.61%$1M17.5K
26RGPRESOURCES CONNECTION INChistory →COM1.60%$1M65.0K
27BSMBLACK STONE MINERALS L Phistory →COM UNIT1.60%$1M63.9K
28EQNREQUINOR ASAhistory →SPONSORED ADR1.56%$993,14034.0K
29SPOTSPOTIFY TECHNOLOGY S Ahistory →SHS1.47%$939,2185.8K
30ULHUNIVERSAL LOGISTICS HLDGS INhistory →COM1.45%$926,38632.2K
31BHPBHP GROUP LTDhistory →SPONSORED ADS1.45%$924,88515.5K
32IMKTAINGLES MKTS INChistory →CL A1.42%$909,15011.0K
33JAKKJAKKS PAC INChistory →COM NEW1.36%$870,67343.6K
34SALMSALEM MEDIA GROUP INChistory →CL A1.30%$832,998869.7K
35IMMRIMMERSION CORPhistory →COM1.30%$828,360117.0K
36PAGSPAGSEGURO DIGITAL LTDhistory →COM CL A1.27%$811,84086.0K
37SBSWSIBANYE STILLWATER LTDhistory →SPONSORED ADR1.12%$717,600115.0K
38EVCENTRAVISION COMMUNICATIONS Chistory →CL A1.09%$695,376158.4K
39KEYKEYCORPhistory →COM1.09%$693,00075.0K
40AMZNAMAZON COM INCCOM0.94%$599,6564.6K
41MGMISTRAS GROUP INCCOM0.91%$579,00075.0K
42TSCOTRACTOR SUPPLY COCOM0.87%$554,2982.5K
43ASMLASML HOLDING N VN Y REGISTRY SHS0.74%$471,088650
44PATTERSON COS INCCOM0.69%$440,69513.3K
45OGNORGANON & COCOMMON STOCK0.59%$374,58018.0K
46LZLEGALZOOM COM INCCOM0.15%$96,7378.0K

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 ↗.