SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Verdad Advisers, LP

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

Reported Value
$92M
Q1 2024
Positions
147
Filings on Record
18
2021–present window
Filed
May 14, 2024
original filing

Summary

Verdad Advisers, LP reported $92M in U.S.-listed holdings across 147 positions for Q1 2024.

Its largest position, TJX, represents 3.0% of the portfolio.

Compared with Q4 2023, the fund opened 121 new positions and exited 27.

Portfolio Metrics

Turnover
+44.2%
vs prior filed quarter
Top-10 Concentration
+20.3%
share of reported value
Largest Position
+3.0%
Tjx Cos
New / Exited
121 / 27
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: 95.7%Other: 2.1%MLP: 1.0%REIT: 0.6%ADR: 0.5%
  • Common Stock · 95.7% · $88M
  • Other · 2.1% · $2M
  • MLP · 1.0% · $960,875
  • REIT · 0.6% · $530,160
  • ADR · 0.5% · $489,287

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TJXTJX COS INC NEWNEW+27.4K27.4K+$3M$3M
STLASTELLANTIS N.VNEW+77.8K77.8K+$2M$2M
CORCENCORA INCNEW+8.0K8.0K+$2M$2M
WMTWALMART INCNEW+32.2K32.2K+$2M$2M
COSTCOSTCO WHSL CORP NEWNEW+2.3K2.3K+$2M$2M
BRK/BBERKSHIRE HATHAWAY INC DELNEW+3.9K3.9K+$2M$2M
MRKMERCK & CO INCNEW+12.2K12.2K+$2M$2M
TMUST-MOBILE US INCNEW+9.6K9.6K+$2M$2M

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

Holdings — Q1 2024

147 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TJXTJX COS INC NEWhistory →COM3.03%$3M27.4K
2STLASTELLANTIS N.Vhistory →SHS2.40%$2M77.8K
3CORCENCORA INChistory →COM2.12%$2M8.0K
4WMTWALMART INChistory →COM2.11%$2M32.2K
5VSTVISTRA CORPhistory →COM1.89%$2M24.9K
6COSTCOSTCO WHSL CORP NEWhistory →COM1.87%$2M2.3K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.80%$2M3.9K
8MRKMERCK & CO INChistory →COM1.75%$2M12.2K
9TMUST-MOBILE US INChistory →COM1.71%$2M9.6K
10CRMSALESFORCE INChistory →COM1.68%$2M5.1K
11ASOACADEMY SPORTS & OUTDOORS INhistory →COM1.65%$2M22.5K
12IBMINTERNATIONAL BUSINESS MACHShistory →COM1.50%$1M7.2K
13MPCMARATHON PETE CORPhistory →COM1.35%$1M6.2K
14REGNREGENERON PHARMACEUTICALShistory →COM1.32%$1M1.3K
15ARC DOCUMENT SOLUTIONS INCCOM1.29%$1M427.4K
16MCSMARCUS CORP DELhistory →COM1.28%$1M82.4K
17PSXPHILLIPS 66history →COM1.27%$1M7.2K
18INTUINTUIThistory →COM1.24%$1M1.7K
19ELVELEVANCE HEALTH INChistory →COM1.21%$1M2.1K
20CXWCORECIVIC INChistory →COM1.19%$1M70.0K
21MGMISTRAS GROUP INChistory →COM1.17%$1M112.0K
22KRKROGER COhistory →COM1.16%$1M18.6K
23METAMETA PLATFORMS INChistory →CL A1.11%$1M2.1K
24RYZRYERSON HLDG CORPhistory →COM1.09%$1M30.0K
25ACIALBERTSONS COS INChistory →COMMON STOCK1.09%$1M46.8K
26FFWMFIRST FNDTN INChistory →COM1.09%$1M132.6K
27KKRKKR & CO INChistory →COM1.09%$1M9.9K
28AMATAPPLIED MATLS INChistory →COM1.02%$939,7904.6K
29CNCCENTENE CORP DELCOM0.99%$909,03411.6K
30FISVFISERV INCCOM0.98%$896,9105.6K
31VTRSVIATRIS INCCOM0.97%$895,50075.0K
32JLLJONES LANG LASALLE INCCOM0.92%$845,3254.3K
33RSRELIANCE INCCOM0.91%$835,4502.5K
34PCARPACCAR INCCOM0.90%$825,4796.7K
35WMWASTE MGMT INC DELCOM0.84%$774,3743.6K
36SNXTD SYNNEX CORPORATIONCOM0.83%$762,9736.7K
37BSXBOSTON SCIENTIFIC CORPCOM0.83%$758,86911.1K
38LAM RESEARCH CORPCOM0.82%$751,024773
39ULHUNIVERSAL LOGISTICS HLDGS INCOM0.81%$743,22520.2K
40GWWGRAINGER W W INCCOM0.80%$737,543725
41AVGOBROADCOM INCCOM0.80%$736,928556
42JXNJACKSON FINANCIAL INCCOM CL A0.80%$736,80011.1K
43BLDRBUILDERS FIRSTSOURCE INCCOM0.79%$728,8823.5K
44GENERAL ELECTRIC COCOM NEW0.79%$727,9234.1K
45CFGCITIZENS FINL GROUP INCCOM0.79%$725,80020.0K
46NVDANVIDIA CORPORATIONCOM0.78%$716,523793
47PAAPLAINS ALL AMERN PIPELINE LUNIT LTD PARTN0.76%$702,40040.0K
48DHID R HORTON INCCOM0.75%$686,9964.2K
49CHKPCHECK POINT SOFTWARE TECH LTORD0.75%$686,7104.2K
50GOOGLALPHABET INCCAP STK CL A0.74%$677,9784.5K
51MSFTMICROSOFT CORPCOM0.73%$673,5731.6K
52SNFCASECURITY NATL FINL CORPCL A NEW0.73%$667,60484.4K
53HIGHARTFORD FINL SVCS GROUP INCCOM0.72%$660,2416.4K
54LOWLOWES COS INCCOM0.71%$652,2348.3K
55TRVTRAVELERS COMPANIES INCCOM0.71%$651,2962.8K
56LLYELI LILLY & COCOM0.71%$651,153837
57CRBGCOREBRIDGE FINL INCCOM0.71%$647,89022.6K
58LENLENNAR CORPCL A0.70%$644,4093.7K
59AMZNAMAZON COM INCCOM0.70%$642,6943.6K
60ACHOWENS & MINOR INC NEWCOM0.68%$623,47522.5K
61ACNACCENTURE PLC IRELANDSHS CLASS A0.67%$616,2731.8K
62SILVERBOW RES INCCOM0.65%$597,45017.5K
63RSGREPUBLIC SVCS INCCOM0.63%$577,3833.0K
64MUSAMURPHY USA INCCOM0.63%$576,8191.4K
65JILLJ JILL INCCOM0.61%$559,47517.5K
66APOAPOLLO GLOBAL MGMT INCCOM0.60%$547,5194.9K
67CBCHUBB LIMITEDCOM0.59%$541,3232.1K
68QCOMQUALCOMM INCCOM0.58%$528,5553.1K
69UNHUNITEDHEALTH GROUP INCCOM0.56%$515,4771.0K
70UBERUBER TECHNOLOGIES INCCOM0.55%$501,3596.5K
71SGCSUPERIOR GROUP OF CO INCCOM0.54%$495,60030.0K
72VLGEAVILLAGE SUPER MKT INCCL A NEW0.54%$494,09517.3K
73ROPROPER TECHNOLOGIES INCCOM0.53%$489,052872
74SNDSMART SAND INCCOM0.52%$477,500250.0K
75JNJJOHNSON & JOHNSONCOM0.50%$462,7062.9K
76ZEUSOLYMPIC STEEL INCCOM0.50%$460,7206.5K
77AMDADVANCED MICRO DEVICES INCCOM0.50%$459,5232.5K
78ABBVABBVIE INCCOM0.49%$452,3362.5K
79NSITINSIGHT ENTERPRISES INCCOM0.48%$440,9812.4K
80ALLALLSTATE CORPCOM0.48%$437,0232.5K
81JPMJPMORGAN CHASE & COCOM0.46%$421,2312.1K
82COFCAPITAL ONE FINL CORPCOM0.46%$419,2742.8K
83PHPARKER-HANNIFIN CORPCOM0.45%$414,619746
84AMRALPHA METALLURGICAL RESOUR ICOM0.45%$409,6571.2K
85PGRPROGRESSIVE CORPCOM0.44%$406,1942.0K
86DECKDECKERS OUTDOOR CORPCOM0.44%$403,801429
87SKAASKECHERS U S A INCCL A0.44%$402,5396.6K
88PKOHPARK-OHIO HLDGS CORPCOM0.44%$400,20015.0K
89GAPGAP INCCOM0.43%$395,56314.4K
90ANFABERCROMBIE & FITCH COCL A0.43%$394,9153.2K
91LRNSTRIDE INCCOM0.43%$394,5676.3K
92JNPJUNIPER NETWORKS INCCOM0.43%$390,53810.5K
93AAPLAPPLE INCCOM0.42%$382,4002.2K
94VZVERIZON COMMUNICATIONS INCCOM0.42%$382,2149.1K
95RLRALPH LAUREN CORPCL A0.41%$374,5812.0K
96CRWDCROWDSTRIKE HLDGS INCCL A0.41%$372,8461.2K
97BKNGBOOKING HOLDINGS INCCOM0.39%$362,788100
98PLDPROLOGIS INC.COM0.39%$356,0212.7K
99PFGCPERFORMANCE FOOD GROUP COCOM0.38%$352,8234.7K
100GMGENERAL MTRS COCOM0.38%$350,2837.7K

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 ↗.