Verdad Advisers, LP
Long book
$88.8M
Q1 2026
Positions
179
Top-10 weight
21%
concentration
Last quarter
+18.1%
SPY +14.8%
Turnover
81%
of book per quarter
Strategy in plain words
auto-generated from filingsVerdad Advisers, LP is a quantitative fund whose holdings reflect models, not opinions, running a $88.8M US long book across 179 positions.
The portfolio is broadly diversified across 179 positions (top 10 only 21%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: BELITE BIO INC - ADR, STATE STREET CORP, AUTOHOME INC-ADR, REVOLUTION MEDICINES INC, ZYMEWORKS INC.
Over the last 5 quarters its long book ran on average 0.9pp per quarter ahead of the S&P 500, beating the index in 3 of 5 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.6%
Q2 2024
+7.3%
Q3 2024
+0.5%
Q4 2025
+3.3%
Q1 2026
+18.1%
Sector allocation
Healthcare 41%
Financials 11%
Technology 11%
Other 9%
Energy 5%
Consumer discretionary 4%
Services media 4%
Industrials 4%
Long book by quarter
What does Verdad Advisers, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| STT STATE STREET CORP | Financials | 16.7K | $2.1M | 2.4% | New |
| RVMD REVOLUTION MEDICINES INC | Healthcare | 21.6K | $2.1M | 2.4% | New |
| ZYME ZYMEWORKS INC | Healthcare | 82.7K | $2.1M | 2.3% | New |
| CALM CAL-MAINE FOODS INC | Consumer staples | 24.6K | $2.0M | 2.2% | +19.3% |
| ZM ZOOM COMMUNICATIONS INC | Technology | 21.6K | $1.7M | 2.0% | +3.1% |
| CRC CALIFORNIA RESOURCES CORP | Energy | 22.5K | $1.6M | 1.8% | +213.4% |
| TENX TENAX THERAPEUTICS INC | Healthcare | 95.3K | $1.5M | 1.7% | New |
| ACAD ACADIA PHARMACEUTICALS INC | Healthcare | 68.3K | $1.5M | 1.7% | New |
| PARR PAR PACIFIC HOLDINGS INC | Energy | 22.5K | $1.4M | 1.6% | New |
| JNJ JOHNSON & JOHNSON | Healthcare | 5.4K | $1.3M | 1.5% | -68.9% |
| MU MICRON TECHNOLOGY INC | Technology | 3.8K | $1.3M | 1.5% | -43.4% |
| NRIX NURIX THERAPEUTICS INC | Healthcare | 83.4K | $1.3M | 1.5% | New |
| CMCSA COMCAST CORP-CLASS A | Communications | 41.5K | $1.2M | 1.3% | -57.8% |
| AHCO ADAPTHEALTH CORP | Healthcare | 95.0K | $1.1M | 1.3% | New |
| CTNM CONTINEUM THERAPEUTICS INC-A | Healthcare | 86.0K | $1.1M | 1.3% | New |
| LRCX LAM RESEARCH CORP | Industrials | 5.2K | $1.1M | 1.2% | -66.6% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 9.0K | $1.1M | 1.2% | -39.4% |
| AXSM AXSOME THERAPEUTICS INC | Healthcare | 6.0K | $1.0M | 1.1% | New |
| CLYM CLIMB BIO INC | Healthcare | 144.5K | $990K | 1.1% | New |
| AMAT APPLIED MATERIALS INC | Technology | 2.9K | $989K | 1.1% | New |
| DSGN DESIGN THERAPEUTICS INC | Healthcare | 92.3K | $982K | 1.1% | New |
| JLL JONES LANG LASALLE INC | Real estate | 3.2K | $963K | 1.1% | +358.4% |
| CVX CHEVRON CORP | Energy | 4.5K | $936K | 1.1% | -75.6% |
| AMN AMN HEALTHCARE SERVICES INC | Services media | 50.0K | $917K | 1.0% | +11.1% |
| TALK TALKSPACE INC | Healthcare | 175.6K | $908K | 1.0% | New |
| CRI CARTER'S INC | Other | 25.0K | $894K | 1.0% | +25.0% |
| NGL NGL ENERGY PARTNERS LP | Utilities | 70.0K | $863K | 1.0% | New |
| ATAI ATAIBECKLEY INC | Healthcare | 227.7K | $806K | 0.9% | New |
| AII AMERICAN INTEGRITY INSURANCE | Financials | 41.1K | $792K | 0.9% | +9.5% |
| FHI FEDERATED HERMES INC | Financials | 13.7K | $777K | 0.9% | New |
| ACRS ACLARIS THERAPEUTICS INC | Healthcare | 197.0K | $739K | 0.8% | New |
| DNTH DIANTHUS THERAPEUTICS INC | Healthcare | 8.7K | $730K | 0.8% | New |
| VSNT VERSANT MEDIA GROUP INC | Communications | 19.0K | $703K | 0.8% | New |
| 430 TERNS PHARMACEUTICALS INC | — | 13.3K | $701K | 0.8% | New |
| SVRA SAVARA INC | Healthcare | 128.4K | $701K | 0.8% | New |
| HRTG HERITAGE INSURANCE HOLDINGS | Financials | 26.5K | $695K | 0.8% | -7.9% |
| GM GENERAL MOTORS CO | Industrials | 9.2K | $686K | 0.8% | -41.8% |
| MRK MERCK & CO. INC. | Healthcare | 5.7K | $681K | 0.8% | -51.4% |
| DECK DECKERS OUTDOOR CORP | Other | 6.7K | $671K | 0.8% | New |
| PRG PROG HOLDINGS INC | Services media | 22.3K | $640K | 0.7% | New |
| NYT NEW YORK TIMES CO-A | Other | 7.5K | $629K | 0.7% | New |
| SND SMART SAND INC | Materials | 122.7K | $628K | 0.7% | +21.5% |
| VRDN VIRIDIAN THERAPEUTICS INC | Healthcare | 31.2K | $610K | 0.7% | New |
| TER TERADYNE INC | Technology | 2.0K | $598K | 0.7% | +94.6% |
| RCKY ROCKY BRANDS INC | Other | 15.0K | $581K | 0.7% | Held |
| HCI HCI GROUP INC | Financials | 3.7K | $578K | 0.7% | +171.8% |
| ZURA ZURA BIO LTD | Healthcare | 97.1K | $578K | 0.7% | New |
| SNFCA SECURITY NATL FINL CORP-CL A | Financials | 60.0K | $569K | 0.6% | -25.7% |
| SNEX STONEX GROUP INC | Financials | 6.9K | $560K | 0.6% | New |
| SLDE SLIDE INSURANCE HOLDINGS INC | Financials | 30.7K | $552K | 0.6% | New |
13F filing history
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