Verdad Advisers, LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Verdad Advisers, LP reported 147 stock positions worth $91.9 million. Its top holding was TJX Companies (TJX) at 3.0% of the portfolio, followed by Stellantis (STLA, 2.4%) and Cencora (COR, 2.1%). Compared with Q4 2023, it opened 121 new positions, sold out of 27, added to 4 and reduced 18. The biggest buy was a new position in TJX Companies (TJX) and the biggest sale an exit from Vanguard Ftse All Wo X-US SC (VSS).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001812822
Portfolio Value
$91.9M (Q1 2024)
SEC Filing
0001420506-24-000847 ↗ filed May 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $91.9M $91.9M Q1 2024 Q2 2024: $86.6M Q2 2024 Q3 2024: $74.9M Q3 2024 Q4 2025: $87.4M Q4 2025 Q1 2026: $88.8M Q1 2026 Q2 2026: $104.4M Q2 2026

Holdings 147 stocks · $91.9M
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.03% 27,405 $2.8M New
STLA Stellantis NV 2.40% 77,766 $2.2M New
COR Cencora Inc. 2.12% 8,001 $1.9M New
WMT Walmart Inc. 2.11% 32,216 $1.9M New
VST Vistra Corp. 1.89% 24,867 $1.7M Add +42.1%
COST Costco Wholesale Corp. 1.87% 2,342 $1.7M New
BRK.B Berkshire Hathaway Inc. Class B 1.80% 3,939 $1.7M New
MRK Merck & Co. Inc. 1.75% 12,212 $1.6M New
TMUS T-Mobile US Inc. 1.71% 9,619 $1.6M New
CRM Salesforce Inc. 1.68% 5,125 $1.5M New
ASO Academy Sports & Outdoors Inc. 1.65% 22,500 $1.5M Reduce -42.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.50% 7,232 $1.4M New
MPC Marathon Petroleum Corp. 1.35% 6,166 $1.2M New
REGN Regeneron Pharmaceuticals 1.32% 1,259 $1.2M New
ARC Arc Document Solutions Inc. 1.29% 427,398 $1.2M Reduce -23.2%
MCS Marcus Corporation 1.28% 82,428 $1.2M No change
PSX Phillips 66 1.27% 7,168 $1.2M New
INTU Intuit Inc. 1.24% 1,746 $1.1M New
ELV Elevance Health Inc. 1.21% 2,150 $1.1M New
CXW Corecivic Inc. 1.19% 70,000 $1.1M Reduce -22.2%
MG Mistras Group Inc. 1.17% 112,000 $1.1M No change
KR Kroger Co. 1.16% 18,613 $1.1M Reduce -1.3%
META Meta Platforms Inc. Class A 1.11% 2,099 $1.0M New
RYZ Ryerson Holding Corp. 1.09% 30,000 $1.0M Reduce -45.5%
ACI Albertsons Cos Inc. Class A 1.09% 46,815 $1.0M New
FFWM First Foundation Inc. 1.09% 132,600 $1.0M Reduce -19.6%
KKR KKR & Co. Inc. 1.09% 9,950 $1.0M New
AMAT Applied Materials Inc. 1.02% 4,557 $940K New
CNC Centene Corp. 0.99% 11,583 $909K New
FISV Fiserv Inc. 0.98% 5,612 $897K New
VTRS Viatris Inc. 0.97% 75,000 $896K Reduce -6.8%
JLL Jones Lang Lasalle Inc. 0.92% 4,333 $845K New
RS Reliance Inc. 0.91% 2,500 $835K No change
PCAR Paccar Inc. 0.90% 6,663 $825K New
WM Waste Management Inc. 0.84% 3,633 $774K New
SNX TD Synnex Corp. 0.83% 6,746 $763K New
BSX Boston Scientific Corp. 0.83% 11,080 $759K New
LRCX Lam Research Corp. 0.82% 773 $751K New
ULH Universal Logistics Holdings 0.81% 20,158 $743K Add +0.8%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.80% 725 $738K Reduce -31.6%
AVGO Broadcom Inc. 0.80% 556 $737K New
JXN Jackson Financial Inc. Class A 0.80% 11,140 $737K New
BLDR Builders Firstsource Inc. 0.79% 3,495 $729K New
GE General Electric 0.79% 4,147 $728K New
CFG Citizens Financial Group 0.79% 20,000 $726K Reduce -42.9%
NVDA Nvidia Corp. 0.78% 793 $717K New
PAA Plains All Amer Pipeline LP 0.76% 40,000 $702K No change
DHI D.R. Horton Inc. 0.75% 4,175 $687K New
CHKP Check Point Software Tech 0.75% 4,187 $687K New
GOOGL Alphabet Inc. Class A 0.74% 4,492 $678K New
MSFT Microsoft Corp. 0.73% 1,601 $674K Reduce -30.5%
SNFCA Security Natl Finl Corp. Class A 0.73% 84,400 $668K Add +214.2%
HIG Hartford Insurance Group Inc. 0.72% 6,407 $660K New
LOW Lowe's Cos Inc. 0.71% 8,331 $652K New
TRV The Travelers Cos Inc. 0.71% 2,830 $651K New
LLY Eli Lilly & Co. 0.71% 837 $651K New
CRBG Corebridge Financial Inc. 0.71% 22,551 $648K New
LEN Lennar Corp. Class A 0.70% 3,747 $644K New
AMZN Amazon.com Inc. 0.70% 3,563 $643K Add +7.3%
ACH Accendra Health Inc. filed as OWENS & MINOR INC NEW 0.68% 22,500 $623K Reduce -27.4%
ACN Accenture PLC Class A 0.67% 1,778 $616K New
SBOW Silverbow Resources Inc. 0.65% 17,500 $597K New
RSG Republic Services Inc. 0.63% 3,016 $577K New
MUSA Murphy USA Inc. 0.63% 1,376 $577K New
JILL J. Jill Inc. 0.61% 17,500 $559K Reduce -12.5%
APO Apollo Global Management Inc. 0.60% 4,869 $548K New
CB Chubb Ltd. 0.59% 2,089 $541K New
QCOM Qualcomm Inc. 0.58% 3,122 $529K Reduce -13.3%
UNH Unitedhealth Group Inc. 0.56% 1,042 $515K New
UBER Uber Technologies Inc. 0.55% 6,512 $501K New
SGC Superior Group of Cos Inc. 0.54% 30,000 $496K New
VLGEA Village Super Market Class A 0.54% 17,270 $494K New
ROP Roper Technologies Inc. 0.53% 872 $489K New
SND Smart Sand Inc. 0.52% 250,000 $478K New
JNJ Johnson & Johnson 0.50% 2,925 $463K New
ZEUS Olympic Steel Inc. 0.50% 6,500 $461K New
AMD Advanced Micro Devices 0.50% 2,546 $460K New
ABBV Abbvie Inc. 0.49% 2,484 $452K New
NSIT Insight Enterprises Inc. 0.48% 2,377 $441K New
ALL Allstate Corp. 0.48% 2,526 $437K New
JPM JPMorgan Chase & Co. 0.46% 2,103 $421K New
COF Capital One Financial Corp. 0.46% 2,816 $419K New
PH Parker Hannifin Corp. 0.45% 746 $415K New
AMR Alpha Metallurgical Resource 0.45% 1,237 $410K New
PGR Progressive Corp. 0.44% 1,964 $406K Reduce -67.3%
DECK Deckers Outdoor Corp. 0.44% 429 $404K New
SKX Skechers USA Inc. Class A 0.44% 6,571 $403K New
PKOH Park-Ohio Holdings Corp. 0.44% 15,000 $400K New
GAP The Gap Inc. 0.43% 14,358 $396K New
ANF Abercrombie & Fitch Co. Class A 0.43% 3,151 $395K New
LRN Stride Inc. 0.43% 6,258 $395K New
JNPR Juniper Networks Inc. 0.43% 10,538 $391K New
AAPL Apple Inc. 0.42% 2,230 $382K New
VZ Verizon Communications Inc. 0.42% 9,109 $382K New
RL Ralph Lauren Corp. 0.41% 1,995 $375K New
CRWD CrowdStrike Holdings Inc. Class A 0.41% 1,163 $373K New
BKNG Booking Holdings Inc. 0.39% 100 $363K New
PLD Prologis Inc. 0.39% 2,734 $356K New
PFGC Performance Food Group Co. 0.38% 4,727 $353K New
GM General Motors Co. 0.38% 7,724 $350K New
CAH Cardinal Health Inc. 0.37% 3,062 $343K New
MA Mastercard Inc. Class A 0.36% 686 $330K New
PHM Pultegroup Inc. 0.36% 2,732 $330K New
MOH Molina Healthcare Inc. 0.35% 778 $320K New
CASY Casey's General Stores Inc. 0.34% 990 $315K New
HCA HCA Healthcare Inc. 0.34% 935 $312K Reduce -49.5%
EXPD Expeditors Intl Wash Inc. 0.34% 2,537 $308K New
CMG Chipotle Mexican Grill Inc. 0.34% 106 $308K New
XOM Exxon Mobil Corp. 0.33% 2,646 $308K New
GD General Dynamics Corp. 0.33% 1,080 $305K New
HOLI Hollysys Automation Technolo 0.33% 11,815 $302K New
ULTA Ulta Beauty Inc. 0.33% 576 $301K New
BHP BHP Group Ltd.-Spon ADR 0.32% 5,100 $294K Reduce -30.1%
NFLX Netflix Inc. 0.32% 484 $294K New
ROST Ross Stores Inc. 0.32% 1,996 $293K New
T AT&T Inc. 0.31% 15,996 $282K New
INSW International Seaways Inc. 0.30% 5,215 $277K New
CDNS Cadence Design SYS Inc. 0.30% 888 $276K New
DOX Amdocs Ltd. 0.30% 3,049 $276K New
EQC Equity Commonwealth 0.30% 14,405 $272K New
PVH PVH Corp. 0.30% 1,932 $272K New
RNR Renaissancere Holdings Ltd. 0.29% 1,131 $266K Reduce -54.8%
CI The Cigna Group 0.28% 717 $260K New
ARW Arrow Electronics Inc. 0.28% 2,002 $259K New
ET Energy Transfer LP 0.28% 16,432 $258K New
MCK McKesson Corp. 0.27% 469 $252K New
SYK Stryker Corp. 0.27% 700 $251K New
INTC Intel Corp. 0.26% 5,475 $242K New
FLEX Flex Ltd. 0.26% 8,403 $240K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.26% 4,148 $239K New
TNK Teekay Tankers Ltd. Class A 0.25% 3,970 $232K New
CNM Core & Main Inc. Class A 0.25% 3,956 $226K New
SNPS Synopsys Inc. 0.24% 388 $222K New
DKNG Draftkings Inc. Class A 0.24% 4,836 $220K New
ADBE Adobe Inc. 0.23% 420 $212K New
LNG Cheniere Energy Inc. 0.22% 1,272 $205K New
SHW The Sherwin-Williams Co. 0.21% 568 $197K Reduce -77.3%
PDD PDD Holdings Inc. 0.21% 1,678 $195K New
CTSH Cognizant Tech Solutions-A 0.21% 2,617 $192K New
VLO Valero Energy Corp. 0.21% 1,110 $189K New
V Visa Inc. Class A 0.20% 666 $186K New
DELL Dell Technologies -C 0.20% 1,614 $184K New
AHR American Healthcare REIT Inc. 0.19% 11,806 $174K New
APP AppLovin Corp. Class A 0.16% 2,082 $144K New
LQDA Liquidia Corp. 0.09% 5,702 $84K New
NUE Nucor Corp. 0.01% 59 $12K New
5E ADVANCED MATERIALS INC 0.00% 662 $887 New

Portfolio Sells Q4 2023 → Q1 2024
VSS Vanguard Ftse All Wo X-US SC Sold out 0.00% −14.24
IWN iShares Russell 2000 Value E Sold out 0.00% −8.20
ASO Academy Sports & Outdoors Inc. Reduce -42.3% 1.65% −3.57
DSKE Daseke Inc. Sold out 0.00% −3.29
RYZ Ryerson Holding Corp. Reduce -45.5% 1.09% −2.78
IMOS Chipmos Technologies Inc.-ADR Sold out 0.00% −2.64
EQNR Equinor ASA-Spon ADR Sold out 0.00% −2.54
SWN Southwestern Energy Co. Sold out 0.00% −2.53
IWM iShares Russell 2000 ETF Sold out 0.00% −2.44
ARC Arc Document Solutions Inc. Reduce -23.2% 1.29% −2.41
FFWM First Foundation Inc. Reduce -19.6% 1.09% −2.15
EGBN Eagle Bancorp Inc. Sold out 0.00% −1.65
EG Everest Group Ltd. Sold out 0.00% −1.61
CFG Citizens Financial Group Reduce -42.9% 0.79% −1.56
PGR Progressive Corp. Reduce -67.3% 0.44% −1.50
CXW Corecivic Inc. Reduce -22.2% 1.19% −1.46
PAGS Pagseguro Digital Ltd. Class A Sold out 0.00% −1.38
SHW The Sherwin-Williams Co. Reduce -77.3% 0.21% −1.37
SPOT Spotify Technology SA Sold out 0.00% −1.12
MSFT Microsoft Corp. Reduce -30.5% 0.73% −1.03
GWW WW Grainger Inc. Reduce -31.6% 0.80% −0.98
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.92
IMKTA Ingles Markets Inc. Class A Sold out 0.00% −0.88
TSCO Tractor Supply Company Sold out 0.00% −0.85
IMMR Immersion Corporation Sold out 0.00% −0.82
VTRS Viatris Inc. Reduce -6.8% 0.97% −0.79
BSM Black Stone Minerals LP Sold out 0.00% −0.76
PDCO Patterson Cos Inc. Sold out 0.00% −0.72
RNR Renaissancere Holdings Ltd. Reduce -54.8% 0.29% −0.71
BHP BHP Group Ltd.-Spon ADR Reduce -30.1% 0.32% −0.69
UPLD Upland Software Inc. Sold out 0.00% −0.68
HCA HCA Healthcare Inc. Reduce -49.5% 0.34% −0.68
KR Kroger Co. Reduce -1.3% 1.16% −0.59
TTMI TTM Technologies Sold out 0.00% −0.59
ACH Accendra Health Inc. Reduce -27.4% 0.68% −0.53
SXC Suncoke Energy Inc. Sold out 0.00% −0.52
ACCO Acco Brands Corp. Sold out 0.00% −0.52
PERI Perion Network Ltd. Sold out 0.00% −0.50
QCOM Qualcomm Inc. Reduce -13.3% 0.58% −0.48
RGP Resources Connection Inc. Sold out 0.00% −0.45
SALM Salem Media Group Inc. Sold out 0.00% −0.44
JILL J. Jill Inc. Reduce -12.5% 0.61% −0.44
KEY Keycorp Sold out 0.00% −0.41
JAKK Jakks Pacific Inc. Sold out 0.00% −0.36
OGN Organon & Co. Sold out 0.00% −0.20

Portfolio Buys Q4 2023 → Q1 2024
TJX TJX Companies Inc. New 3.03% +3.03
STLA Stellantis NV New 2.40% +2.40
COR Cencora Inc. New 2.12% +2.12
WMT Walmart Inc. New 2.11% +2.11
COST Costco Wholesale Corp. New 1.87% +1.87
BRK.B Berkshire Hathaway Inc. Class B New 1.80% +1.80
MRK Merck & Co. Inc. New 1.75% +1.75
TMUS T-Mobile US Inc. New 1.71% +1.71
CRM Salesforce Inc. New 1.68% +1.68
IBM Intl Business Machines Corp. New 1.50% +1.50
MPC Marathon Petroleum Corp. New 1.35% +1.35
REGN Regeneron Pharmaceuticals New 1.32% +1.32
PSX Phillips 66 New 1.27% +1.27
INTU Intuit Inc. New 1.24% +1.24
ELV Elevance Health Inc. New 1.21% +1.21
META Meta Platforms Inc. Class A New 1.11% +1.11
ACI Albertsons Cos Inc. Class A New 1.09% +1.09
KKR KKR & Co. Inc. New 1.09% +1.09
AMAT Applied Materials Inc. New 1.02% +1.02
CNC Centene Corp. New 0.99% +0.99
FISV Fiserv Inc. New 0.98% +0.98
JLL Jones Lang Lasalle Inc. New 0.92% +0.92
PCAR Paccar Inc. New 0.90% +0.90
WM Waste Management Inc. New 0.84% +0.84
SNX TD Synnex Corp. New 0.83% +0.83
BSX Boston Scientific Corp. New 0.83% +0.83
LRCX Lam Research Corp. New 0.82% +0.82
AVGO Broadcom Inc. New 0.80% +0.80
JXN Jackson Financial Inc. Class A New 0.80% +0.80
BLDR Builders Firstsource Inc. New 0.79% +0.79
GE General Electric New 0.79% +0.79
NVDA Nvidia Corp. New 0.78% +0.78
DHI D.R. Horton Inc. New 0.75% +0.75
CHKP Check Point Software Tech New 0.75% +0.75
GOOGL Alphabet Inc. Class A New 0.74% +0.74
HIG Hartford Insurance Group Inc. New 0.72% +0.72
LOW Lowe's Cos Inc. New 0.71% +0.71
TRV The Travelers Cos Inc. New 0.71% +0.71
LLY Eli Lilly & Co. New 0.71% +0.71
CRBG Corebridge Financial Inc. New 0.71% +0.71
LEN Lennar Corp. Class A New 0.70% +0.70
ACN Accenture PLC Class A New 0.67% +0.67
SBOW Silverbow Resources Inc. New 0.65% +0.65
RSG Republic Services Inc. New 0.63% +0.63
MUSA Murphy USA Inc. New 0.63% +0.63
APO Apollo Global Management Inc. New 0.60% +0.60
CB Chubb Ltd. New 0.59% +0.59
UNH Unitedhealth Group Inc. New 0.56% +0.56
UBER Uber Technologies Inc. New 0.55% +0.55
SGC Superior Group of Cos Inc. New 0.54% +0.54

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 210$104.4MAAPL, BLTE, ACAD, CMCSA, CLDT
Q1 2026 179$88.8MBLTE, STT, ATHM, RVMD, ZYME
Q4 2025 104$87.4MC, TJX, JNJ, CMCSA, CVX
Q3 2024 92$74.9MBRK.B, TJX, TMUS, WMT, MSFT
Q2 2024 110$86.6MTJX, BRK.B, WMT, TMUS, HYG
Q1 2024 147$91.9MTJX, STLA, COR, WMT, VST