Verdad Advisers, LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Verdad Advisers, LP reported 179 stock positions worth $88.8 million. Its top holding was Belite Bio Inc. - ADR (BLTE) at 2.5% of the portfolio, followed by State Street (STT, 2.4%) and Autohome Inc.-ADR (ATHM, 2.4%). Compared with Q4 2025, it opened 132 new positions, sold out of 58, added to 19 and reduced 23. The biggest buy was a new position in Belite Bio Inc. - ADR (BLTE) and the biggest sale an exit from Citigroup (C).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001812822
- Portfolio Value
- $88.8M (Q1 2026)
- SEC Filing
- 0001420506-26-001092 ↗ filed May 15, 2026
Holdings Value
Holdings 179 stocks · $88.8M
| BLTE Belite Bio Inc. - ADR | 2.48% | 13,813 | $2.2M | New |
| STT State Street Corp. | 2.37% | 16,665 | $2.1M | New |
| ATHM Autohome Inc.-ADR | 2.37% | 121,317 | $2.1M | New |
| RVMD Revolution Medicines Inc. | 2.36% | 21,572 | $2.1M | New |
| ZYME Zymeworks Inc. | 2.33% | 82,698 | $2.1M | New |
| CALM Cal-Maine Foods Inc. | 2.20% | 24,637 | $2.0M | Add +19.3% |
| ZM Zoom Communications Inc. | 1.95% | 21,580 | $1.7M | Add +3.1% |
| CRC California Resources Corp. | 1.75% | 22,500 | $1.6M | Add +213.4% |
| TENX Tenax Therapeutics Inc. | 1.72% | 95,330 | $1.5M | New |
| ACAD Acadia Pharmaceuticals Inc. | 1.71% | 68,290 | $1.5M | New |
| PARR Par Pacific Holdings Inc. | 1.59% | 22,500 | $1.4M | New |
| JNJ Johnson & Johnson | 1.49% | 5,418 | $1.3M | Reduce -68.9% |
| MU Micron Technology Inc. | 1.46% | 3,841 | $1.3M | Reduce -43.4% |
| NRIX Nurix Therapeutics Inc. | 1.46% | 83,425 | $1.3M | New |
| CMCSA Comcast Corp. Class A | 1.34% | 41,549 | $1.2M | Reduce -57.8% |
| AHCO Adapthealth Corp. | 1.27% | 95,000 | $1.1M | New |
| CTNM Contineum Therapeutics Inc. Class A | 1.26% | 86,032 | $1.1M | New |
| LRCX Lam Research Corp. | 1.24% | 5,163 | $1.1M | Reduce -66.6% |
| CLDT Chatham Lodging Trust | 1.24% | 140,000 | $1.1M | Add +21.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.20% | 8,951 | $1.1M | Reduce -39.4% |
| AXSM Axsome Therapeutics Inc. | 1.14% | 5,971 | $1.0M | New |
| CLYM Climb Bio Inc. | 1.11% | 144,540 | $990K | New |
| AMAT Applied Materials Inc. | 1.11% | 2,894 | $989K | New |
| DSGN Design Therapeutics Inc. | 1.11% | 92,310 | $982K | New |
| JLL Jones Lang Lasalle Inc. | 1.08% | 3,163 | $963K | Add +358.4% |
| CVX Chevron Corp. | 1.05% | 4,525 | $936K | Reduce -75.5% |
| AMN Amn Healthcare Services Inc. | 1.03% | 50,000 | $917K | Add +11.1% |
| TALK Talkspace Inc. | 1.02% | 175,551 | $908K | New |
| CRI Carter's Inc. | 1.01% | 25,000 | $894K | Add +25.0% |
| NGL NGL Energy Partners LP | 0.97% | 70,000 | $863K | New |
| MOMO Hello Group Inc. -SPN ADR | 0.97% | 149,253 | $860K | Add +36.7% |
| ATAI Ataibeckley Inc. | 0.91% | 227,670 | $806K | New |
| AII American Integrity Insurance | 0.89% | 41,095 | $792K | Add +9.5% |
| FHI Federated Hermes Inc. | 0.88% | 13,710 | $777K | New |
| ACRS Aclaris Therapeutics Inc. | 0.83% | 197,042 | $739K | New |
| DNTH Dianthus Therapeutics Inc. | 0.82% | 8,699 | $730K | New |
| VSNT Versant Media Group Inc. | 0.79% | 18,997 | $703K | Add +382.7% |
| TERN Terns Pharmaceuticals Inc. | 0.79% | 13,301 | $701K | New |
| SVRA Savara Inc. | 0.79% | 128,376 | $701K | New |
| HRTG Heritage Insurance Holdings | 0.78% | 26,494 | $695K | Reduce -7.9% |
| GM General Motors Co. | 0.77% | 9,207 | $686K | Reduce -41.8% |
| MRK Merck & Co. Inc. | 0.77% | 5,660 | $681K | Reduce -51.4% |
| DECK Deckers Outdoor Corp. | 0.76% | 6,708 | $671K | New |
| PRG Prog Holdings Inc. | 0.72% | 22,299 | $640K | New |
| NYT New York Times Co. Class A | 0.71% | 7,509 | $629K | New |
| SND Smart Sand Inc. | 0.71% | 122,696 | $628K | Add +21.5% |
| VRDN Viridian Therapeutics Inc. | 0.69% | 31,179 | $610K | New |
| TER Teradyne Inc. | 0.67% | 2,016 | $598K | Add +94.6% |
| RCKY Rocky Brands Inc. | 0.65% | 15,000 | $581K | No change |
| HCI Hci Group Inc. | 0.65% | 3,737 | $578K | Add +171.8% |
| ZURA Zura Bio Ltd. | 0.65% | 97,102 | $578K | New |
| SNFCA Security Natl Finl Corp. Class A | 0.64% | 60,000 | $569K | Reduce -25.7% |
| ASA ASA Gold and Precious Metals | 0.63% | 9,081 | $563K | Add +80.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.63% | 7,070 | $562K | New |
| SNEX Stonex Group Inc. | 0.63% | 6,947 | $560K | New |
| GRVY Gravity Co. Ltd.-Sponsored ADR | 0.62% | 8,919 | $553K | New |
| SLDE Slide Insurance Holdings Inc. | 0.62% | 30,658 | $552K | New |
| GPCR Structure Therapeutics Inc. | 0.61% | 11,335 | $546K | New |
| BLMN Bloomin' Brands Inc. | 0.61% | 100,000 | $540K | No change |
| ERAS Erasca Inc. | 0.60% | 33,070 | $535K | New |
| NEM Newmont Corp. | 0.60% | 4,923 | $533K | New |
| MG Mistras Group Inc. | 0.57% | 34,526 | $510K | Reduce -30.9% |
| EMBC Embecta Corp. | 0.55% | 55,000 | $486K | New |
| ASO Academy Sports & Outdoors Inc. | 0.54% | 8,500 | $480K | Reduce -43.3% |
| MRP Millrose Properties | 0.54% | 17,122 | $479K | New |
| MIAX Miami International Holdings | 0.54% | 12,282 | $478K | New |
| CRBP Corbus Pharmaceuticals Holdi | 0.53% | 50,252 | $472K | New |
| CRUS Cirrus Logic Inc. | 0.53% | 3,237 | $468K | New |
| NTCT Netscout Systems Inc. | 0.53% | 14,722 | $468K | New |
| M Macy's Inc. | 0.52% | 25,603 | $463K | Add +12.2% |
| EM Smart Share Global Ltd. - ADR | 0.52% | 408,078 | $461K | Add +35.2% |
| NXTC Nextcure Inc. | 0.52% | 42,955 | $459K | New |
| TARS Tarsus Pharmaceuticals Inc. | 0.50% | 6,328 | $444K | New |
| VTRS Viatris Inc. | 0.49% | 32,500 | $439K | Reduce -50.0% |
| MMI Marcus & Millichap Inc. | 0.47% | 15,539 | $413K | New |
| AVT Avnet Inc. | 0.46% | 6,702 | $413K | Add +34.0% |
| EWTX Edgewise Therapeutics Inc. | 0.46% | 13,052 | $411K | New |
| VERA Vera Therapeutics Inc. | 0.46% | 10,181 | $410K | New |
| CVS CVS Health Corp. | 0.46% | 5,700 | $409K | Reduce -63.7% |
| WHWK Whitehawk Therapeutics Inc. | 0.45% | 115,484 | $398K | New |
| BWA Borgwarner Inc. | 0.44% | 7,269 | $394K | Reduce -65.1% |
| AXGN Axogen Inc. | 0.43% | 11,507 | $381K | New |
| TPH Tri Pointe Homes Inc. | 0.43% | 8,147 | $381K | New |
| FORM Formfactor Inc. | 0.42% | 3,877 | $376K | New |
| APEI American Public Education | 0.41% | 6,367 | $362K | New |
| FIGS Figs Inc. Class A | 0.40% | 24,251 | $358K | New |
| CCSI Consensus Cloud Solution | 0.40% | 15,000 | $356K | No change |
| KOD Kodiak Sciences Inc. | 0.39% | 9,115 | $347K | New |
| DAKT Daktronics Inc. | 0.39% | 17,692 | $346K | New |
| SLAB Silicon Laboratories Inc. | 0.39% | 1,650 | $343K | New |
| OVID Ovid Therapeutics Inc. | 0.38% | 151,919 | $337K | New |
| DXC DXC Technology Co. | 0.38% | 26,653 | $335K | New |
| PRDO Perdoceo Education Corp. | 0.37% | 8,950 | $333K | Reduce -63.7% |
| ARW Arrow Electronics Inc. | 0.37% | 2,320 | $333K | New |
| ACLX Arcellx Inc. | 0.37% | 2,893 | $332K | New |
| RLMD Relmada Therapeutics Inc. | 0.37% | 47,149 | $328K | New |
| DJCO Daily Journal Corp. | 0.37% | 679 | $328K | New |
| SUPN Supernus Pharmaceuticals Inc. | 0.37% | 6,295 | $325K | New |
| MSB Mesabi Trust | 0.37% | 10,303 | $325K | Reduce -47.4% |
| NSSC Napco Security Technologies | 0.36% | 8,091 | $319K | New |
Portfolio Sells Q4 2025 → Q1 2026
| C Citigroup Inc. | Sold out | 0.00% | −4.61 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −4.36 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −3.04 |
| TGNA Tegna Inc. | Sold out | 0.00% | −2.85 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −2.64 |
| JNJ Johnson & Johnson | Reduce -68.9% | 1.49% | −2.63 |
| CVX Chevron Corp. | Reduce -75.5% | 1.05% | −2.17 |
| VOYA Voya Financial Inc. | Sold out | 0.00% | −2.17 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −2.08 |
| CMCSA Comcast Corp. Class A | Reduce -57.8% | 1.34% | −2.02 |
| T AT&T Inc. | Sold out | 0.00% | −1.97 |
| LRCX Lam Research Corp. | Reduce -66.6% | 1.24% | −1.79 |
| MS Morgan Stanley | Sold out | 0.00% | −1.69 |
| PFE Pfizer Inc. | Sold out | 0.00% | −1.51 |
| AVDV Avantis Intl S/C Value ETF | Sold out | 0.00% | −1.51 |
| CIEN Ciena Corp. | Sold out | 0.00% | −1.45 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −1.37 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.34 |
| AAPL Apple Inc. | Sold out | 0.00% | −1.31 |
| WMT Walmart Inc. | Sold out | 0.00% | −1.08 |
| F Ford Motor Co. | Sold out | 0.00% | −0.99 |
| GSL Global Ship Lease Inc. Class A | Sold out | 0.00% | −0.98 |
| CVS CVS Health Corp. | Reduce -63.7% | 0.46% | −0.97 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.95 |
| GLW Corning Inc. | Sold out | 0.00% | −0.95 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.91 |
| NTRA Natera Inc. | Sold out | 0.00% | −0.83 |
| VLGEA Village Super Market Class A | Sold out | 0.00% | −0.81 |
| RL Ralph Lauren Corp. | Reduce -70.0% | 0.32% | −0.80 |
| BNY Bank of New York Mellon Corp. | Reduce -39.4% | 1.20% | −0.77 |
| MU Micron Technology Inc. | Reduce -43.4% | 1.46% | −0.76 |
| CALX Calix Inc. | Sold out | 0.00% | −0.75 |
| GM General Motors Co. | Reduce -41.8% | 0.77% | −0.70 |
| SONO Sonos Inc. | Sold out | 0.00% | −0.67 |
| MRK Merck & Co. Inc. | Reduce -51.4% | 0.77% | −0.64 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.63 |
| BWA Borgwarner Inc. | Reduce -65.1% | 0.44% | −0.63 |
| HOUS Anywhere Real Estate Inc. | Sold out | 0.00% | −0.58 |
| NUS Nu Skin Enterprises Inc. Class A | Reduce -54.1% | 0.30% | −0.57 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.56 |
| CNXN PC Connection Inc. | Sold out | 0.00% | −0.54 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.53 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.51 |
| INTC Intel Corp. | Sold out | 0.00% | −0.51 |
| MSB Mesabi Trust | Reduce -47.4% | 0.37% | −0.50 |
| JEF Jefferies Financial Group Inc. | Sold out | 0.00% | −0.50 |
| FROG Jfrog Ltd. | Sold out | 0.00% | −0.48 |
| ROKU Roku Inc. | Sold out | 0.00% | −0.47 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.46 |
| PRDO Perdoceo Education Corp. | Reduce -63.7% | 0.37% | −0.45 |
Portfolio Buys Q4 2025 → Q1 2026
| BLTE Belite Bio Inc. - ADR | New | 2.48% | +2.48 |
| STT State Street Corp. | New | 2.37% | +2.37 |
| ATHM Autohome Inc.-ADR | New | 2.37% | +2.37 |
| RVMD Revolution Medicines Inc. | New | 2.36% | +2.36 |
| ZYME Zymeworks Inc. | New | 2.33% | +2.33 |
| TENX Tenax Therapeutics Inc. | New | 1.72% | +1.72 |
| ACAD Acadia Pharmaceuticals Inc. | New | 1.71% | +1.71 |
| PARR Par Pacific Holdings Inc. | New | 1.59% | +1.59 |
| NRIX Nurix Therapeutics Inc. | New | 1.46% | +1.46 |
| CRC California Resources Corp. | Add +213.4% | 1.75% | +1.39 |
| AHCO Adapthealth Corp. | New | 1.27% | +1.27 |
| CTNM Contineum Therapeutics Inc. Class A | New | 1.26% | +1.26 |
| AXSM Axsome Therapeutics Inc. | New | 1.14% | +1.14 |
| CLYM Climb Bio Inc. | New | 1.11% | +1.11 |
| AMAT Applied Materials Inc. | New | 1.11% | +1.11 |
| DSGN Design Therapeutics Inc. | New | 1.11% | +1.11 |
| TALK Talkspace Inc. | New | 1.02% | +1.02 |
| NGL NGL Energy Partners LP | New | 0.97% | +0.97 |
| ATAI Ataibeckley Inc. | New | 0.91% | +0.91 |
| FHI Federated Hermes Inc. | New | 0.88% | +0.88 |
| ACRS Aclaris Therapeutics Inc. | New | 0.83% | +0.83 |
| DNTH Dianthus Therapeutics Inc. | New | 0.82% | +0.82 |
| JLL Jones Lang Lasalle Inc. | Add +358.4% | 1.08% | +0.82 |
| TERN Terns Pharmaceuticals Inc. | New | 0.79% | +0.79 |
| SVRA Savara Inc. | New | 0.79% | +0.79 |
| DECK Deckers Outdoor Corp. | New | 0.76% | +0.76 |
| PRG Prog Holdings Inc. | New | 0.72% | +0.72 |
| NYT New York Times Co. Class A | New | 0.71% | +0.71 |
| VRDN Viridian Therapeutics Inc. | New | 0.69% | +0.69 |
| ZURA Zura Bio Ltd. | New | 0.65% | +0.65 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.63% | +0.63 |
| SNEX Stonex Group Inc. | New | 0.63% | +0.63 |
| VSNT Versant Media Group Inc. | Add +382.7% | 0.79% | +0.62 |
| GRVY Gravity Co. Ltd.-Sponsored ADR | New | 0.62% | +0.62 |
| SLDE Slide Insurance Holdings Inc. | New | 0.62% | +0.62 |
| GPCR Structure Therapeutics Inc. | New | 0.61% | +0.61 |
| ERAS Erasca Inc. | New | 0.60% | +0.60 |
| NEM Newmont Corp. | New | 0.60% | +0.60 |
| EMBC Embecta Corp. | New | 0.55% | +0.55 |
| MRP Millrose Properties | New | 0.54% | +0.54 |
| MIAX Miami International Holdings | New | 0.54% | +0.54 |
| CRBP Corbus Pharmaceuticals Holdi | New | 0.53% | +0.53 |
| CRUS Cirrus Logic Inc. | New | 0.53% | +0.53 |
| NTCT Netscout Systems Inc. | New | 0.53% | +0.53 |
| NXTC Nextcure Inc. | New | 0.52% | +0.52 |
| TARS Tarsus Pharmaceuticals Inc. | New | 0.50% | +0.50 |
| MMI Marcus & Millichap Inc. | New | 0.47% | +0.47 |
| EWTX Edgewise Therapeutics Inc. | New | 0.46% | +0.46 |
| VERA Vera Therapeutics Inc. | New | 0.46% | +0.46 |
| WHWK Whitehawk Therapeutics Inc. | New | 0.45% | +0.45 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 210 | $104.4M | AAPL, BLTE, ACAD, CMCSA, CLDT |
| Q1 2026 | 179 | $88.8M | BLTE, STT, ATHM, RVMD, ZYME |
| Q4 2025 | 104 | $87.4M | C, TJX, JNJ, CMCSA, CVX |
| Q3 2024 | 92 | $74.9M | BRK.B, TJX, TMUS, WMT, MSFT |
| Q2 2024 | 110 | $86.6M | TJX, BRK.B, WMT, TMUS, HYG |
| Q1 2024 | 147 | $91.9M | TJX, STLA, COR, WMT, VST |