Verdad Advisers, LP
SEC Form 13F institutional filer · CIK 0001812822
13F-HR · 21 reported holdings · 2026-03-31
Reported long-US-equity value
$0.01B
Top-10 concentration
68.7%
Verdad Advisers, LP — $14.7M AUM allocation strategy
Verdad Advisers, LP files SEC Form 13F and reports $14.7M of long US equity value across 21 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 29.0%, followed by Health Care 21.0% and Financials 16.5%.
The top 10 holdings account for 69% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Verdad Advisers, LP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$14.7M
total across 21 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
69% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$AIG +3.56K sh · +$10.4K+$ADP +1.7K sh · +$173K+$TER +980 sh · +$397K
Biggest trims (shares)
−$CMCSA −56.8K sh · −$1.75M−$VTRS −32.5K sh · −$370K−$CVX −14K sh · −$1.88M
Exited to nil (held last quarter, gone now)
$C ($4.03M last qtr)$TJX ($3.81M last qtr)$GOOG ($2.66M last qtr)$CSCO ($2.3M last qtr)$CBRE ($1.81M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductor Materials & Equipment18.3%—
- Pharmaceuticals16.7%—
- Asset Management & Custody Banks11.0%—
- Semiconductors8.9%—
- Cable & Satellite8.2%—
- Integrated Oil & Gas6.4%—
- Multi-line Insurance5.4%—
- Automobile Manufacturers4.6%—
- Other holdings20.4%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $JNJ | Johnson & Johnson | 5.42K | $1.32M | -12K | 9.0% |
| $MU | Micron Technology Inc | 3.84K | $1.3M | -2.94K | 8.9% |
| $CMCSA | Comcast Corporation | 41.5K | $1.19M | -56.8K | 8.1% |
| $LRCX | Lam Research Corporation | 5.16K | $1.1M | -10.3K | 7.5% |
| $BNY | The Bank of New York Mellon Corporation | 8.95K | $1.06M | -5.81K | 7.2% |
| $AMAT | Applied Materials Inc | 2.89K | $989K | — | 6.7% |
| $CVX | Chevron Corporation | 4.53K | $936K | -14K | 6.4% |
| $AIG | American International Group Inc. New | 41.1K | $792K | +3.56K | 5.4% |
| $GM | General Motors Company | 9.21K | $686K | -6.62K | 4.7% |
| $MRK | Merck & Company Inc | 5.66K | $681K | -5.99K | 4.6% |
…and 11 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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