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VA
Verdad Advisers Portfolio holdings
AUM
$88.8M
This Fund
S&P 500
This Quarter
Est. Return
+16.86%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$49.3M
AUM Growth
-$16.1M
(-25%)
Cap. Flow
-$22.5M
Cap. Flow
% of AUM
-45.67%
Top 10 Holdings %
Top 10 Hldgs %
49.59%
Holding
61
New
10
Increased
6
Reduced
21
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
|
+$6.56M |
| 2 |
iShares Russell 2000 Value ETF
IWN
|
+$3.6M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$1.07M |
| 4 |
FFWM
First Foundation Inc
FFWM
|
+$669K |
| 5 |
J. Jill
JILL
|
+$568K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$10.7M |
| 2 |
Dimensional International High Profitability ETF
DIHP
|
+$7.05M |
| 3 |
Dimensional US High Profitability ETF
DUHP
|
+$6.46M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$6.43M |
| 5 |
TSMC
TSM
|
+$756K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.69% |
| 2 | Industrials | 12.07% |
| 3 | Consumer Discretionary | 11.79% |
| 4 | Technology | 9.85% |
| 5 | Communication Services | 8.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vistra
VST
$48.5B
| $674K | 1.37% |
17,500
| – | – |
|
27
Plains All American Pipeline
PAA
$17.5B
| $606K | 1.23% |
40,000
| – | – |
|
|
ACH
28
Accendra Health
ACH
$244M
| $597K | 1.21% |
31,000
-22,800
| -42% | -$413K |
|
29
Universal Logistics Holdings
ULH
$393M
| $560K | 1.14% |
20,000
-5,000
| -20% | -$124K |
|
30
Spotify
SPOT
$105B
| $554K | 1.12% |
2,950
| – | – |
|
31
Qualcomm
QCOM
$169B
| $521K | 1.06% |
3,600
-1,500
| -29% | -$186K |
|
|
32
J. Jill
JILL
$280M
| $516K | 1.05% |
+19,998
| New | +$568K |
|
33
Amazon
AMZN
$2.45T
| $504K | 1.02% |
3,320
| – | – |
|
34
HCA Healthcare
HCA
$90.9B
| $501K | 1.02% |
1,850
-1,350
| -42% | -$334K |
|
35
BHP
BHP
$210B
| $499K | 1.01% |
7,300
-3,400
| -32% | -$205K |
|
36
RenaissanceRe
RNR
$13.9B
| $490K | 0.99% |
+2,500
| New | +$520K |
|
37
ASML
ASML
$596B
| $454K | 0.92% |
600
| – | – |
|
38
Ingles Markets
IMKTA
$1.74B
| $432K | 0.88% |
5,000
| – | – |
|
39
Tractor Supply
TSCO
$16.3B
| $419K | 0.85% |
9,750
| – | – |
|
40
Immersion
IMMR
$248M
| $402K | 0.82% |
57,000
| – | – |
|
41
Black Stone Minerals
BSM
$3.18B
| $373K | 0.76% |
23,400
| – | – |
|
|
PDCO
42
DELISTED
Patterson Companies, Inc.
PDCO
| $353K | 0.72% |
12,400
| – | – |
|
43
Upland Software
UPLD
$14.7M
| $337K | 0.68% |
+7,958
| New | +$344K |
|
44
TTM Technologies
TTMI
$10.7B
| $291K | 0.59% |
18,400
-8,900
| -33% | -$124K |
|
45
SunCoke Energy
SXC
$745M
| $258K | 0.52% |
+24,000
| New | +$229K |
|
46
Acco Brands
ACCO
$396M
| $255K | 0.52% |
+42,000
| New | +$223K |
|
47
Perion Network
PERI
$380M
| $247K | 0.5% |
+8,000
| New | +$227K |
|
48
Security National Financial
SNFCA
$249M
| $242K | 0.49% |
+31,100
| New | +$214K |
|
49
Resources Connection
RGP
$138M
| $221K | 0.45% |
15,591
| – | – |
|
|
SALM
50
DELISTED
Salem Media Group, Inc. Class A Common Stock
SALM
| $219K | 0.44% |
561,752
-239,291
| -30% | -$151K |
|
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Verdad Advisers's Q4 2023 Portfolio in Review
As of Q4 2023, Verdad Advisers held 61 positions worth $49.3M, down 25% from $65.4M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Verdad Advisers withdrew a net $22.5M in Q4 2023, closing 8 positions and reducing 21 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $10.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 6.7% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Verdad Advisers opened a new position in Vanguard FTSE All-World ex-US Small-Cap Index Fund worth $7.02M.
- Verdad Advisers's largest Q4 2023 buy was Vanguard FTSE All-World ex-US Small-Cap Index Fund: 61,000 shares worth $7.02M.
- Verdad Advisers added most to First Foundation Inc in Q4 2023, an estimated $669K increase.
- Verdad Advisers's biggest Q4 2023 reduction was Microsoft, cutting an estimated $569K.
- Verdad Advisers fully exited State Street SPDR S&P 500 ETF Trust in Q4 2023, selling an estimated $10.7M.
- Verdad Advisers's ten largest holdings make up 50% of its $49.3M portfolio in Q4 2023.
- Verdad Advisers opened 10 new positions and closed 8 in Q4 2023.
- Verdad Advisers's portfolio value fell 25% quarter-over-quarter to $49.3M.
Based on Verdad Advisers's 13F filing for Q4 2023, filed 9 Feb 2024.