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

0$50.0M$100.0M$150.0M Q1 2024: $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 $88.8M Q1 2026 Q2 2026: $104.4M Q2 2026

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
NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD 0.34% 30,922 $306K New
OPY Oppenheimer Holdings Class A 0.34% 3,421 $305K New
EHAB Enhabit Inc. 0.34% 21,500 $303K New
USNA Usana Health Sciences Inc. 0.34% 17,074 $298K New
ASRT Assertio Holdings Inc. 0.33% 15,541 $296K New
ANNX Annexon Inc. 0.33% 53,277 $295K New
CCCC C4 Therapeutics Inc. 0.32% 109,407 $288K New
RL Ralph Lauren Corp. 0.32% 832 $286K Reduce -70.0%
FET Forum Energy Technologies Inc. 0.32% 4,853 $285K New
ROG Rogers Corp. 0.32% 2,637 $283K New
OOMA Ooma Inc. 0.32% 19,326 $281K New
NRT North European Oil RTY Trust 0.31% 30,782 $277K Add +115.1%
NLOP Net Lease Office Property 0.31% 23,929 $276K New
OIS Oil States International Inc. filed as OIL STS INTL INC 0.31% 23,415 $273K New
BIOA Bioage Labs Inc. 0.30% 15,210 $266K New
NUS Nu Skin Enterprises Inc. Class A 0.30% 36,172 $263K Reduce -54.1%
MOV Movado Group Inc. 0.30% 10,743 $262K New
CTSH Cognizant Tech Solutions-A 0.29% 4,149 $255K New
INNV Innovage Holding Corp. 0.29% 31,641 $254K New
KLIC Kulicke & Soffa Industries 0.28% 3,791 $249K New
SNX TD Synnex Corp. 0.27% 1,446 $244K New
CBIO Crescent Biopharma Inc. 0.26% 12,748 $234K New
EZPW Ezcorp Inc. Class A 0.25% 8,902 $226K New
MAPS WM Technology Inc. 0.25% 340,704 $224K Reduce -16.9%
PMVP PMV Pharmaceuticals Inc. 0.25% 180,161 $223K New
REGN Regeneron Pharmaceuticals 0.25% 283 $219K New
LINC Lincoln Educational Services 0.24% 5,334 $217K New
RYTM Rhythm Pharmaceuticals Inc. 0.24% 2,445 $213K New
DIBS 1STDIBS.COM Inc. 0.23% 37,803 $208K New
ELV Elevance Health Inc. 0.23% 709 $208K New
EGAN Egain Corp. 0.23% 26,288 $207K Reduce -20.3%
COGT Cogent Biosciences Inc. 0.23% 5,329 $205K New
STC Stewart Information Services 0.23% 3,326 $205K New
TCMD Tactile Systems Technology I 0.23% 7,816 $204K New
BKTI BK Technologies Corp. 0.23% 2,728 $204K New
ALMS Alumis Inc. 0.23% 9,173 $202K New
CGEM Cullinan Therapeutics Inc. 0.20% 12,604 $179K New
PASG Passage Bio Inc. 0.20% 22,128 $174K New
IVVD Invivyd Inc. 0.19% 131,276 $171K New
ONTF ON24 Inc. 0.17% 18,770 $152K New
KSS Kohls Corp. 0.16% 11,282 $146K New
CTMX Cytomx Therapeutics Inc. 0.16% 30,187 $142K New
VSTM Verastem Inc. 0.16% 26,119 $138K New
TCRX Tscan Therapeutics Inc. 0.15% 134,001 $135K New
MED Medifast Inc. 0.15% 13,148 $134K New
KODK Eastman Kodak Co. 0.15% 14,795 $134K New
EGY Vaalco Energy Inc. 0.15% 20,887 $132K New
NIO Nio Inc. - ADR 0.15% 21,450 $129K No change
PLRX Pliant Therapeutics Inc. 0.14% 98,320 $124K New
DDI Doubledown Interactive -ADR 0.14% 14,322 $121K New
FHTX Foghorn Therapeutics Inc. 0.13% 24,416 $117K New
SLDB Solid Biosciences Inc. 0.12% 14,879 $107K New
IBIO Ibio Inc. 0.12% 56,318 $107K New
VTGN Vistagen Therapeutics Inc. 0.12% 184,938 $106K New
YRD Yiren Digital Ltd. - SPS ADR 0.11% 56,303 $97K Add +7.0%
PEPG Pepgen Inc. 0.11% 54,380 $96K New
SITC Site Centers Corp. filed as SITE CTRS CORP 0.11% 17,387 $94K New
BGSF BGSF Inc. 0.10% 14,418 $93K New
AMCX AMC Global Media Inc. filed as AMC NETWORKS INC 0.10% 13,429 $91K New
ABOS Acumen Pharmaceuticals Inc. 0.10% 37,278 $88K New
STTK Shattuck Labs Inc. 0.10% 13,378 $86K New
DBI Designer Brands Inc. Class A 0.09% 14,168 $81K New
SPRO Spero Therapeutics Inc. 0.09% 33,455 $78K New
UAA Under Armour Inc. Class A 0.09% 12,889 $76K New
FINV Finvolution Group-ADR 0.08% 15,145 $73K Reduce -45.9%
RSKD Riskified Ltd. Class A 0.08% 18,182 $71K New
JSPR Jasper Therapeutics Inc. 0.07% 73,967 $65K New
VRCA Verrica Pharmaceuticals Inc. 0.07% 12,098 $64K New
CMTL Comtech Telecommunications 0.07% 19,099 $63K New
TUSK Mammoth Energy Services Inc. 0.06% 22,729 $56K New
DDL Dingdong Cayman Ltd. -SPN ADR 0.06% 21,170 $54K New
ALEC Alector Inc. 0.06% 23,554 $51K New
REI Ring Energy Inc. 0.04% 25,058 $38K New
MYPS Playstudios Inc. 0.04% 73,733 $35K No change
VIOT Viomi Technology Co. Ltd.-ADR 0.04% 29,693 $33K Reduce -43.7%
CERS Cerus Corp. 0.03% 16,909 $31K New
HOWL Werewolf Therapeutics Inc. 0.03% 29,760 $25K New
EGHT 8X8 Inc. 0.02% 12,269 $20K New
GOLD RESOURCE CORP 0.02% 14,706 $18K 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

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