SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Verdad Advisers, LP

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

Reported Value
$75M
Q3 2024
Positions
93
Filings on Record
18
2021–present window
Filed
Nov 14, 2024
original filing

Summary

Verdad Advisers, LP reported $75M in U.S.-listed holdings across 93 positions for Q3 2024.

Its largest position, BRK/B, represents 6.2% of the portfolio.

Compared with Q2 2024, the fund opened 29 new positions and exited 47.

Portfolio Metrics

Turnover
+31.9%
vs prior filed quarter
Top-10 Concentration
+32.6%
share of reported value
Largest Position
+6.2%
Berkshire Hathaway
New / Exited
29 / 47
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: 98.0%Ltd Part: 0.6%Other: 0.6%REIT: 0.4%ETP: 0.4%
  • Common Stock · 98.0% · $73M
  • Ltd Part · 0.6% · $477,134
  • Other · 0.6% · $414,164
  • REIT · 0.4% · $313,992
  • ETP · 0.4% · $269,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LMTLOCKHEED MARTIN CORPNEW+2.3K2.3K+$1M$1M
RTXRTX CORPORATIONNEW+8.3K8.3K+$1M$1M
MSIMOTOROLA SOLUTIONS INCNEW+2.0K2.0K+$880,825$880,825
CSCOCISCO SYS INCNEW+15.6K15.6K+$827,677$827,677
NOCNORTHROP GRUMMAN CORPNEW+1.5K1.5K+$790,521$790,521
VRTXVERTEX PHARMACEUTICALS INCNEW+1.6K1.6K+$749,244$749,244
TAT&T INCNEW+31.3K31.3K+$687,698$687,698
ABBVABBVIE INCNEW+3.4K3.4K+$675,777$675,777

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

Holdings — Q3 2024

92 positions (from 93 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW6.21%$5M10.1K
2TJXTJX COS INC NEWhistory →COM4.99%$4M31.8K
3TMUST-MOBILE US INChistory →COM3.74%$3M13.6K
4WMTWALMART INChistory →COM3.52%$3M32.7K
5MSFTMICROSOFT CORPhistory →COM3.15%$2M5.5K
6AAPLAPPLE INChistory →COM2.53%$2M8.1K
7GWWGRAINGER W W INChistory →COM2.25%$2M1.6K
8ELVELEVANCE HEALTH INChistory →COM2.18%$2M3.1K
9JLLJONES LANG LASALLE INChistory →COM2.15%$2M6.0K
10LMTLOCKHEED MARTIN CORPhistory →COM1.82%$1M2.3K
11MRKMERCK & CO INChistory →COM1.82%$1M12.0K
12KRKROGER COhistory →COM1.76%$1M23.0K
13SNXTD SYNNEX CORPORATIONhistory →COM1.75%$1M10.9K
14IBMINTERNATIONAL BUSINESS MACHShistory →COM1.68%$1M5.7K
15UNHUNITEDHEALTH GROUP INChistory →COM1.36%$1M1.7K
16RTXRTX CORPORATIONhistory →COM1.35%$1M8.3K
17MGMISTRAS GROUP INChistory →COM1.30%$973,27285.6K
18CORCENCORA INChistory →COM1.29%$967,6194.3K
19CFGCITIZENS FINL GROUP INChistory →COM1.28%$960,72612.7K
20ACIALBERTSONS COS INChistory →COMMON STOCK1.26%$942,75751.0K
21INTUINTUIThistory →COM1.23%$924,6691.5K
22STLASTELLANTIS N.Vhistory →SHS1.21%$905,11564.4K
23MSIMOTOROLA SOLUTIONS INChistory →COM NEW1.18%$880,8252.0K
24ASOACADEMY SPORTS & OUTDOORS INhistory →COM1.17%$875,40015.0K
25JNJJOHNSON & JOHNSONhistory →COM1.12%$838,0125.2K
26CSCOCISCO SYS INChistory →COM1.11%$827,67715.6K
27COSTCOSTCO WHSL CORP NEWhistory →COM1.10%$823,577929
28IBKRINTERACTIVE BROKERS GROUP INhistory →COM CL A1.08%$807,4525.8K
29NOCNORTHROP GRUMMAN CORPhistory →COM1.06%$790,5211.5K
30NUENUCOR CORPhistory →COM1.06%$790,3375.3K
31BSXBOSTON SCIENTIFIC CORPhistory →COM1.00%$750,0949.0K
32VRTXVERTEX PHARMACEUTICALS INChistory →COM1.00%$749,2441.6K
33EXMOCEXXON MOBIL CORPCOM0.98%$735,6736.3K
34RSRELIANCE INCCOM0.97%$723,0252.5K
35VLGEAVILLAGE SUPER MKT INCCL A NEW0.96%$715,27522.5K
36VVISA INCCOM CL A0.94%$706,0722.6K
37VTRSVIATRIS INCCOM0.93%$696,60060.0K
38TAT&T INCCOM0.92%$687,69831.3K
39REGNREGENERON PHARMACEUTICALSCOM0.90%$675,947643
40ABBVABBVIE INCCOM0.90%$675,7773.4K
41PGRPROGRESSIVE CORPCOM0.89%$665,6122.6K
42JNPJUNIPER NETWORKS INCCOM0.89%$664,18017.0K
43SNFCASECURITY NATL FINL CORPCL A NEW0.88%$661,85771.9K
44LOWLOWES COS INCCOM0.88%$658,5668.3K
45HIGHARTFORD FINL SVCS GROUP INCCOM0.88%$658,4985.6K
46SFMSPROUTS FMRS MKT INCCOM0.85%$638,6115.8K
47JILLJ JILL INCCOM0.82%$616,75025.0K
48HRTGHERITAGE INSURANCE HLDGS INCCOM0.81%$605,88049.5K
49CHKPCHECK POINT SOFTWARE TECH LTORD0.77%$573,9953.0K
50ACNACCENTURE PLC IRELANDSHS CLASS A0.76%$567,6891.6K
51PKOHPARK-OHIO HLDGS CORPCOM0.75%$561,81018.3K
52ADBEADOBE INCCOM0.73%$548,3291.1K
53DUKDUKE ENERGY CORP NEWCOM NEW0.73%$543,7554.7K
54LRNSTRIDE INCCOM0.71%$533,8706.3K
55MRSHMARSH & MCLENNAN COS INCCOM0.71%$529,1692.4K
56AMZNAMAZON COM INCCOM0.70%$523,2152.8K
57WMWASTE MGMT INC DELCOM0.70%$522,9442.5K
58CNCCENTENE CORP DELCOM0.69%$520,4116.9K
59JPMJPMORGAN CHASE & CO.COM0.68%$510,7032.4K
60SPGIS&P GLOBAL INCCOM0.68%$509,904987
61CMECME GROUP INCCOM0.67%$502,6412.3K
62RLRALPH LAUREN CORPCL A0.66%$497,2772.6K
63SNDSMART SAND INCCOM0.66%$492,500250.0K
64PAGPPLAINS GP HLDGS L PLTD PARTNR INT A0.64%$477,13425.8K
65LINLINDE PLCSHS0.62%$467,323980
66SGCSUPERIOR GROUP OF CO INCCOM0.62%$464,70030.0K
67EOGEOG RES INCCOM0.60%$450,9073.7K
68CRMSALESFORCE INCCOM0.60%$449,4321.6K
69FFWMFIRST FNDTN INCCOM0.58%$436,80070.0K
70ULHUNIVERSAL LOGISTICS HLDGS INCOM0.58%$431,10010.0K
71MCSMARCUS CORP DELCOM0.55%$414,42527.5K
72FLEX LTDORD0.55%$414,16412.4K
73TRVTRAVELERS COMPANIES INCCOM0.55%$408,3051.7K
74ACHOWENS & MINOR INC NEWCOM0.52%$392,25025.0K
75GOOGLALPHABET INCCAP STK CL A0.51%$384,9382.3K
76FISVFISERV INCCOM0.50%$375,6482.1K
77CVXCHEVRON CORP NEWCOM0.50%$370,8262.5K
78PEPPEPSICO INCCOM0.49%$369,1792.2K
79ADPAUTOMATIC DATA PROCESSING INCOM0.49%$368,0511.3K
80BERRY CORPCOM0.48%$361,60470.4K
81ZEUSOLYMPIC STEEL INCCOM0.47%$351,0009.0K
82ZMZOOM VIDEO COMMUNICATIONS INCL A0.47%$350,1655.0K
83MUSAMURPHY USA INCCOM0.47%$349,938710
84RYZRYERSON HLDG CORPCOM0.47%$348,42517.5K
85FDXFEDEX CORPCOM0.45%$334,7111.2K
86RSGREPUBLIC SVCS INCCOM0.43%$318,9341.6K
87CXWCORECIVIC INCCOM0.42%$316,25025.0K
88OREALTY INCOME CORPCOM0.42%$313,9925.0K
89SPYSPDR S&P 500 ETF TRTR UNIT0.36%$269,000500
90AXONICS INCCOM0.36%$267,4033.8K
91CACICACI INTL INCCL A0.32%$243,198482
92ENDEAVOR GROUP HLDGS INCCL A COM0.27%$202,9477.1K

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 ↗.