Verdad Advisers, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Verdad Advisers, LP maintained a portfolio of 174 distinct positions. The most significant new addition to the portfolio was CITIGROUP INC, which now represents 4.61% of the total fund value. The fund also reduced its exposure to WALMART INC by 74.1%.
PCA Score Concentration Risk
Risk ENB
Total Positions
174
Quarter
2025 Q4
Top Holding
C (4.6%)
Top 10 Concentration
33.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 174
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
C
CITIGROUP INC
Financial Services 4.61% #1
Prev: #—
7.3 34,553 no change
NEW
34,553 $4,031,990
$116.08 +1.7%
$116.08 +1.7%
2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TJX
TJX COS INC NEW
Consumer Cyclical 4.36% 4.99% #2
Prev: #2
3.2 -7,013 -22.0%
P
S
24,801 $3,809,682
$101.41 +51.3%
$153.18 +0.2%
2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
JNJ
JOHNSON & JOHNS...
Healthcare 4.12% 1.12% #3 22
Prev: #25
5.6 12,237 236.6%
P
S
17,408 $3,602,586
$188.02 +8.1%
$205.86 -1.3%
2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CMCSA
COMCAST CORP NE...
Communication Services 3.37% #4
Prev: #—
5.3 98,396 no change
NEW
98,396 $2,941,056 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CVX
CHEVRON CORP NE...
Energy 3.23% 0.50% #5 72
Prev: #77
4.8 15,990 635.0%
P
S
18,508 $2,820,804 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 3.04% 0.51% #6 69
Prev: #75
4.2 6,163 265.5%
P
S
8,484 $2,655,492 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LRCX
LAM RESEARCH CO...
Technology 3.03% #7
Prev: #—
4.7 15,471 no change
NEW
15,471 $2,648,326 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TGNA
TEGNA INC
Communication Services 2.85% #8
Prev: #—
4.6 2,510,000 no change
NEW
2,510,000 $2,489,868 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CSCO
CISCO SYS INC
Technology 2.64% 1.11% #9 17
Prev: #26
4.1 14,366 92.4%
P
S
29,918 $2,304,584 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MU
MICRON TECHNOLO...
Technology 2.22% #10
Prev: #—
4.4 6,786 no change
NEW
6,786 $1,936,792 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VOYA
VOYA FINANCIAL ...
Financial Services 2.17% #11
Prev: #—
4.4 2,000,000 no change
NEW
2,000,000 $1,899,120 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CBRE
CBRE GROUP INC
Real Estate 2.08% #12
Prev: #—
4.3 11,288 no change
NEW
11,288 $1,814,998 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ZM
ZOOM COMMUNICAT...
Technology 2.07% 0.47% #13 69
Prev: #82
3.8 15,910 316.9%
P
S
20,931 $1,806,136 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
T
AT&T INC
Communication Services 1.97% 0.92% #14 24
Prev: #38
3.8 38,202 122.2%
P
S
69,461 $1,725,411 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BK
BANK NEW YORK M...
Financial Services 1.96% #15
Prev: #—
4.3 14,761 no change
NEW
14,761 $1,713,604 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CALM
CAL MAINE FOODS...
Consumer Defensive 1.88% #16
Prev: #—
4.3 20,651 no change
NEW
20,651 $1,643,200 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MS
MORGAN STANLEY
Financial Services 1.69% #17
Prev: #—
4.2 8,300 no change
NEW
8,300 $1,473,499 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PFE
PFIZER INC
Healthcare 1.51% #18
Prev: #—
4.1 53,093 no change
NEW
53,093 $1,322,016 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AVDV
AMERICAN CENTY ...
Bond/Debt 1.51% #19
Prev: #—
4.1 14,000 no change
NEW
14,000 $1,315,580 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GM
GENERAL MTRS CO
Consumer Cyclical 1.47% #20
Prev: #—
4.1 15,830 no change
NEW
15,830 $1,287,296 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CIEN
CIENA CORP
Technology 1.45% #21
Prev: #—
4.1 5,413 no change
NEW
5,413 $1,265,938 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CVS
CVS HEALTH CORP
Healthcare 1.43% #22
Prev: #—
4.1 15,705 no change
NEW
15,705 $1,246,349 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MRK
MERCK & CO INC
Healthcare 1.40% 1.82% #23 12
Prev: #11
1.1 -342 -2.9%
P
S
11,646 $1,225,858 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
QCOM
QUALCOMM INC
Technology 1.37% #24
Prev: #—
4.0 6,979 no change
NEW
6,979 $1,193,758 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 1.34% #25
Prev: #—
4.0 6,299 no change
NEW
6,299 $1,174,764 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 1.31% 2.53% #26 20
Prev: #6
0.5 -3,917 -48.2%
P
S
4,203 $1,142,628 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RL
RALPH LAUREN CO...
Consumer Cyclical 1.12% 0.66% #27 35
Prev: #62
2.4 213 8.3%
P
S
2,778 $982,329 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WMT
WALMART INC
Consumer Defensive 1.08% 3.52% #28 24
Prev: #4
0.4 -24,240 -74.1%
P
S
8,451 $941,526 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BWA
BORGWARNER INC
Consumer Cyclical 1.07% #29
Prev: #—
3.9 20,840 no change
NEW
20,840 $939,050 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
F
FORD MTR CO
Consumer Cyclical 0.99% #30
Prev: #—
3.9 66,000 no change
NEW
66,000 $865,920 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GSL
GLOBAL SHIP LEA...
Industrials 0.98% #31
Prev: #—
3.9 24,533 no change
NEW
24,533 $859,636 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HRTG
HERITAGE INSURA...
Financial Services 0.96% 0.81% #32 16
Prev: #48
0.4 -20,726 -41.9%
P
S
28,774 $841,927 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
ADVANCED MICRO ...
Technology 0.95% #33
Prev: #—
3.9 3,879 no change
NEW
3,879 $830,727 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GLW
CORNING INC
Technology 0.95% #34
Prev: #—
3.9 9,463 no change
NEW
9,463 $828,580 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VTRS
VIATRIS INC
Healthcare 0.93% 0.93% #35 2
Prev: #37
2.4 5,000 8.3%
P
S
65,000 $809,250 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 0.91% 0.70% #36 20
Prev: #56
2.9 654 23.3%
P
S
3,462 $799,099 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CLDT
CHATHAM LODGING...
Real Estate 0.90% #37
Prev: #—
3.9 115,000 no change
NEW
115,000 $783,150 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AII
AMERICAN INTEGR...
Financial Services 0.89% #38
Prev: #—
3.9 37,540 no change
NEW
37,540 $781,958 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NUS
NU SKIN ENTERPR...
Consumer Defensive 0.87% #39
Prev: #—
3.8 78,748 no change
NEW
78,748 $757,556 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSB
MESABI TR
Bond/Debt 0.86% #40
Prev: #—
3.8 19,567 no change
NEW
19,567 $753,721 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ASO
ACADEMY SPORTS ...
Consumer Cyclical 0.86% 1.17% #41 17
Prev: #24
1.3 no change no change
P
S
15,000 $749,400 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SNFCA
SECURITY NATL F...
Financial Services 0.83% 0.88% #42 1
Prev: #43
2.3 8,859 12.3%
P
S
80,800 $728,008 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NTRA
NATERA INC
Healthcare 0.83% #43
Prev: #—
3.8 3,167 no change
NEW
3,167 $725,528 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PRDO
PERDOCEO ED COR...
Consumer Defensive 0.83% #44
Prev: #—
3.8 24,664 no change
NEW
24,664 $723,395 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MOMO
HELLO GROUP INC
Communication Services 0.82% #45
Prev: #—
3.8 109,217 no change
NEW
109,217 $715,371 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMN
AMN HEALTHCARE ...
Healthcare 0.81% #46
Prev: #—
3.8 45,000 no change
NEW
45,000 $709,200 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VLGEA
VILLAGE SUPER M...
Consumer Defensive 0.81% 0.96% #47 12
Prev: #35
0.8 -2,500 -11.1%
P
S
20,000 $707,900 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CALX
CALIX INC
Technology 0.75% #48
Prev: #—
3.8 12,313 no change
NEW
12,313 $651,727 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRI
CARTERS INC
Consumer Cyclical 0.74% #49
Prev: #—
3.8 20,000 no change
NEW
20,000 $648,600 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MG
MISTRAS GROUP I...
Industrials 0.72% 1.30% #50 33
Prev: #17
0.3 -35,600 -41.6%
P
S
50,000 $632,500 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 174 holdings

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