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VA
Verdad Advisers Portfolio holdings
AUM
$88.8M
This Fund
S&P 500
This Quarter
Est. Return
+5.09%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$49.7M
AUM Growth
-$49.5M
(-50%)
Cap. Flow
-$50.8M
Cap. Flow
% of AUM
-102.31%
Top 10 Holdings %
Top 10 Hldgs %
42.18%
Holding
46
New
17
Increased
7
Reduced
12
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$2.05M |
| 2 |
HCA Healthcare
HCA
|
+$1.98M |
| 3 |
Qualcomm
QCOM
|
+$1.95M |
| 4 |
BHP
BHP
|
+$1.45M |
| 5 |
Microsoft
MSFT
|
+$1.28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$27.7M |
| 2 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$27.3M |
| 3 |
Progressive
PGR
|
+$3.1M |
| 4 |
Colgate-Palmolive
CL
|
+$2.95M |
| 5 |
Kroger
KR
|
+$1.83M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.32% |
| 2 | Industrials | 15.33% |
| 3 | Technology | 14.86% |
| 4 | Consumer Discretionary | 13.67% |
| 5 | Communication Services | 12.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Entravision Communication
EVC
$1.02B
| $958K | 1.93% |
+158,400
| New | +$981K |
|
27
Sibanye-Stillwater
SBSW
$6.05B
| $957K | 1.93% |
115,000
+15,000
| +15% | +$146K |
|
28
Greif
GEF
$4.95B
| $951K | 1.91% |
+15,000
| New | +$1.01M |
|
|
SWN
29
DELISTED
Southwestern Energy Company
SWN
| $950K | 1.91% |
+190,000
| New | +$1.01M |
|
30
Cullen/Frost Bankers
CFR
$10.5B
| $948K | 1.91% |
+9,000
| New | +$1.12M |
|
|
SALM
31
DELISTED
Salem Media Group, Inc. Class A Common Stock
SALM
| $948K | 1.91% |
869,699
| – | – |
|
32
Universal Logistics Holdings
ULH
$388M
| $937K | 1.89% |
+32,155
| New | +$1.04M |
|
33
Live Oak Bancshares
LOB
$1.98B
| $914K | 1.84% |
+37,500
| New | +$1.18M |
|
34
Ingles Markets
IMKTA
$1.72B
| $887K | 1.79% |
10,000
-9,000
| -47% | -$835K |
|
35
Hingham Institution for Saving
HIFS
$624M
| $759K | 1.53% |
+3,250
| New | +$892K |
|
|
BBT
36
Beacon Financial Corp
BBT
$2.5B
| $601K | 1.21% |
+24,000
| New | +$685K |
|
37
Ark Restaurants
ARKR
$20.8M
| $181K | 0.36% |
10,229
-28,813
| -74% | -$529K |
|
38
Security National Financial
SNFCA
$248M
| $72.8K | 0.15% |
14,195
-83,046
| -85% | -$473K |
|
39
AdvanSix
ASIX
$542M
| – | – |
-25,000
| Closed | -$951K |
|
40
Algoma Steel
ASTL
$450M
| – | – |
-185,000
| Closed | -$1.17M |
|
|
41
Colgate-Palmolive
CL
$74.8B
| – | – |
-37,500
| Closed | -$2.95M |
|
42
GoPro
GPRO
$120M
| – | – |
-200,000
| Closed | -$996K |
|
|
43
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| – | – |
-285,000
| Closed | -$27.3M |
|
44
Oscar Health
OSCR
$9.22B
| – | – |
-448,156
| Closed | -$1.1M |
|
|
45
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| – | – |
-72,500
| Closed | -$27.7M |
|
46
Universal Corp
UVV
$1.37B
| – | – |
-17,500
| Closed | -$924K |
|
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Verdad Advisers's Q1 2023 Portfolio in Review
As of Q1 2023, Verdad Advisers held 46 positions worth $49.7M, down 50% from $99.2M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Verdad Advisers withdrew a net $50.8M in Q1 2023, closing 8 positions and reducing 12 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $27.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 7% a quarter earlier, followed by Industrials and Technology.
Against the trend, Verdad Advisers opened a new position in JPMorgan Chase worth $1.95M.
- Verdad Advisers's largest Q1 2023 buy was JPMorgan Chase: 14,967 shares worth $1.95M.
- Verdad Advisers added most to JB Hunt Transport Services in Q1 2023, an estimated $600K increase.
- Verdad Advisers's biggest Q1 2023 reduction was Progressive, cutting an estimated $3.1M.
- Verdad Advisers fully exited State Street SPDR S&P 500 ETF Trust in Q1 2023, selling an estimated $27.7M.
- Verdad Advisers's ten largest holdings make up 42% of its $49.7M portfolio in Q1 2023.
- Verdad Advisers opened 17 new positions and closed 8 in Q1 2023.
- Verdad Advisers's portfolio value fell 50% quarter-over-quarter to $49.7M.
Based on Verdad Advisers's 13F filing for Q1 2023, filed 12 May 2023.