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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 | |
|---|---|---|---|---|---|---|
|
1
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.4B
| $7.02M | 14.24% |
+61,000
| New | +$6.56M |
|
|
2
iShares Russell 2000 Value ETF
IWN
$14.4B
| $4.04M | 8.2% |
+26,000
| New | +$3.6M |
|
3
Academy Sports + Outdoors
ASO
$3.03B
| $2.57M | 5.22% |
39,000
+9,000
| +30% | +$456K |
|
|
RYZ
4
Ryerson Holding Corp
RYZ
$1.54B
| $1.91M | 3.87% |
55,000
-18,200
| -25% | -$543K |
|
|
ARC
5
DELISTED
ARC Document Solutions, Inc.
ARC
| $1.82M | 3.7% |
556,287
-114,113
| -17% | -$335K |
|
|
DSKE
6
DELISTED
Daseke, Inc. Common Stock
DSKE
| $1.62M | 3.29% |
200,000
-17,824
| -8% | -$86.3K |
|
|
FFWM
7
DELISTED
First Foundation Inc
FFWM
| $1.6M | 3.24% |
165,000
+105,000
| +175% | +$669K |
|
8
CoreCivic
CXW
$3.18B
| $1.31M | 2.65% |
90,000
| – | – |
|
|
IMOS
9
ChipMOS TECHNOLOGIES
IMOS
$2.19B
| $1.3M | 2.64% |
47,800
-2,200
| -4% | -$55.3K |
|
10
Equinor
EQNR
$95B
| $1.25M | 2.54% |
39,489
+17,489
| +79% | +$566K |
|
|
SWN
11
DELISTED
Southwestern Energy Company
SWN
| $1.24M | 2.53% |
190,000
| – | – |
|
|
12
iShares Russell 2000 ETF
IWM
$81.6B
| $1.2M | 2.44% |
+6,000
| New | +$1.07M |
|
13
Marcus Corp
MCS
$730M
| $1.2M | 2.44% |
82,428
-32,572
| -28% | -$488K |
|
14
Citizens Financial Group
CFG
$30.6B
| $1.16M | 2.35% |
35,000
| – | – |
|
15
Progressive
PGR
$119B
| $956K | 1.94% |
6,000
+725
| +14% | +$114K |
|
16
W.W. Grainger
GWW
$63.9B
| $878K | 1.78% |
1,060
-540
| -34% | -$416K |
|
17
Viatris
VTRS
$19.8B
| $872K | 1.77% |
80,500
+25,500
| +46% | +$244K |
|
18
Microsoft
MSFT
$2.9T
| $867K | 1.76% |
2,305
-1,600
| -41% | -$569K |
|
19
Kroger
KR
$35.3B
| $862K | 1.75% |
18,850
-2,650
| -12% | -$118K |
|
20
Mistras Group
MG
$498M
| $820K | 1.66% |
112,000
+12,000
| +12% | +$73.7K |
|
21
Eagle Bancorp
EGBN
$822M
| $814K | 1.65% |
27,000
-13,500
| -33% | -$319K |
|
22
Everest Group
EG
$14.8B
| $796K | 1.61% |
2,250
-195
| -8% | -$75.5K |
|
23
Sherwin-Williams
SHW
$78.9B
| $780K | 1.58% |
2,500
| – | – |
|
24
Reliance Steel & Aluminium
RS
$19.7B
| $699K | 1.42% |
2,500
| – | – |
|
25
PagSeguro Digital
PAGS
$2.7B
| $682K | 1.38% |
54,661
-31,339
| -36% | -$288K |
|
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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.