Q4 2025 · 13F-HR
Verdad Advisers, LPholdings as filed
Filed 2026-02-17 · accession 0001420506-26-000495
$87.4M
Reported value
104
Positions
2025-12-31
Period end
The Brief · Verdad Advisers, LP · Q4 2025
AI · grounded in 13F
Verdad Advisers, LP established a new position in C worth $4.03M, marking its largest purchase of the period. The fund also opened new stakes in CMCSA for $2.94M and TEGNA INC TGNA for $2.49M. On the sell side, the fund closed its positions in TMUS for $2.8M and MSFT for $2.36M. Additionally, it trimmed its holdings in BRK/B by 96.06% and WMT by 74.15%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 172967424 | C | CITIGROUP INC | $4.0M | 4.61% | 34,553 | Common | SOLE |
| 872540109 | TJX | TJX COS INC NEW | $3.8M | 4.36% | 24,801 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $3.6M | 4.12% | 17,408 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $2.9M | 3.37% | 98,396 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $2.8M | 3.23% | 18,508 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $2.7M | 3.04% | 8,484 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $2.6M | 3.03% | 15,471 | Common | SOLE |
| 87901J105 | TGNA | TEGNA INC | $2.5M | 2.85% | 2,510,000 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYS INC | $2.3M | 2.64% | 29,918 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $1.9M | 2.22% | 6,786 | Common | SOLE |
| 929089100 | VOYA | VOYA FINANCIAL INC | $1.9M | 2.17% | 2,000,000 | Common | SOLE |
| 12504L109 | CBRE | CBRE GROUP INC | $1.8M | 2.08% | 11,288 | Common | SOLE |
| 98980L101 | ZNGA | ZOOM COMMUNICATIONS INC | $1.8M | 2.07% | 20,931 | Common | SOLE |
| 00206R102 | T | AT&T INC | $1.7M | 1.97% | 69,461 | Common | SOLE |
| 064058100 | BK | BANK NEW YORK MELLON CORP | $1.7M | 1.96% | 14,761 | Common | SOLE |
| 128030202 | CALM | CAL MAINE FOODS INC | $1.6M | 1.88% | 20,651 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $1.5M | 1.69% | 8,300 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $1.3M | 1.51% | 53,093 | Common | SOLE |
| 025072802 | AVDV | AMERICAN CENTY ETF TR | $1.3M | 1.51% | 14,000 | Common | SOLE |
| 37045V100 | GM | GENERAL MTRS CO | $1.3M | 1.47% | 15,830 | Common | SOLE |
| 171779309 | CIEN | CIENA CORP | $1.3M | 1.45% | 5,413 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $1.2M | 1.43% | 15,705 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $1.2M | 1.40% | 11,646 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $1.2M | 1.37% | 6,979 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.2M | 1.34% | 6,299 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $1.1M | 1.31% | 4,203 | Common | SOLE |
| 751212101 | RL | RALPH LAUREN CORP | $982,329 | 1.12% | 2,778 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $941,526 | 1.08% | 8,451 | Common | SOLE |
| 099724106 | BWA | BORGWARNER INC | $939,050 | 1.07% | 20,840 | Common | SOLE |
| 345370860 | F | FORD MTR CO | $865,920 | 0.99% | 66,000 | Common | SOLE |
| Y27183600 | GSL | GLOBAL SHIP LEASE INC NEW | $859,636 | 0.98% | 24,533 | Common | SOLE |
| 42727J102 | HRTG | HERITAGE INSURANCE HLDGS INC | $841,927 | 0.96% | 28,774 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $830,727 | 0.95% | 3,879 | Common | SOLE |
| 219350105 | GLW | CORNING INC | $828,580 | 0.95% | 9,463 | Common | SOLE |
| 92556V106 | VTRS | VIATRIS INC | $809,250 | 0.93% | 65,000 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $799,099 | 0.91% | 3,462 | Common | SOLE |
| 16208T102 | CLDT | CHATHAM LODGING TR | $783,150 | 0.90% | 115,000 | Common | SOLE |
| 026948109 | AII | AMERICAN INTEGRITY INS GROUP | $781,958 | 0.89% | 37,540 | Common | SOLE |
| 67018T105 | NUS | NU SKIN ENTERPRISES INC | $757,556 | 0.87% | 78,748 | Common | SOLE |
| 590672101 | MSB | MESABI TR | $753,721 | 0.86% | 19,567 | Common | SOLE |
| 00402L107 | ASO | ACADEMY SPORTS & OUTDOORS IN | $749,400 | 0.86% | 15,000 | Common | SOLE |
| 814785309 | SNFCA | SECURITY NATL FINL CORP | $728,008 | 0.83% | 80,800 | Common | SOLE |
| 632307104 | NTRA | NATERA INC | $725,528 | 0.83% | 3,167 | Common | SOLE |
| 71363P106 | PRDO | PERDOCEO ED CORP | $723,395 | 0.83% | 24,664 | Common | SOLE |
| 423403104 | MOMO | HELLO GROUP INC | $715,371 | 0.82% | 109,217 | Common | SOLE |
| 001744101 | AMN | AMN HEALTHCARE SVCS INC | $709,200 | 0.81% | 45,000 | Common | SOLE |
| 927107409 | VLGEA | VILLAGE SUPER MKT INC | $707,900 | 0.81% | 20,000 | Common | SOLE |
| 13100M509 | CALX | CALIX INC | $651,727 | 0.75% | 12,313 | Common | SOLE |
| 146229109 | CRI | CARTERS INC | $648,600 | 0.74% | 20,000 | Common | SOLE |
| 60649T107 | MG | MISTRAS GROUP INC | $632,500 | 0.72% | 50,000 | Common | SOLE |
| 094235108 | BLMN | BLOOMIN BRANDS INC | $617,000 | 0.71% | 100,000 | Common | SOLE |
| 83570H108 | SONO | SONOS INC | $589,437 | 0.67% | 33,567 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $554,565 | 0.63% | 10,083 | Common | SOLE |
| 75605Y106 | — | ANYWHERE REAL ESTATE INC | $508,500 | 0.58% | 35,911 | Common | SOLE |
| 55616P104 | M | MACYS INC | $503,181 | 0.58% | 22,820 | Common | SOLE |
| 60937P106 | MDB | MONGODB INC | $491,457 | 0.56% | 1,171 | Common | SOLE |
| 69318J100 | CNXN | PC CONNECTION INC | $472,592 | 0.54% | 8,182 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $460,969 | 0.53% | 1,902 | Common | SOLE |
| 74624M102 | P | PURE STORAGE INC | $448,498 | 0.51% | 6,693 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $441,324 | 0.51% | 11,960 | Common | SOLE |
| 774515100 | RCKY | ROCKY BRANDS INC | $439,950 | 0.50% | 15,000 | Common | SOLE |
| 47233W109 | JEF | JEFFERIES FINL GROUP INC | $434,348 | 0.50% | 7,009 | Common | SOLE |
| M6191J100 | FROG | JFROG LTD | $420,855 | 0.48% | 6,738 | Common | SOLE |
| 77543R102 | ROKU | ROKU INC | $410,526 | 0.47% | 3,784 | Common | SOLE |
| 83191H107 | SND | SMART SAND INC | $403,956 | 0.46% | 100,989 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $401,074 | 0.46% | 1,514 | Common | SOLE |
| 00081T108 | ACCO | ACCO BRANDS CORP | $373,000 | 0.43% | 100,000 | Common | SOLE |
| 766559702 | RIGL | RIGEL PHARMACEUTICALS INC | $371,722 | 0.43% | 8,679 | Common | SOLE |
| 83193E102 | EM | SMART SH GLOBAL LTD | $353,204 | 0.40% | 301,884 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $342,639 | 0.39% | 990 | Common | SOLE |
| 28225C806 | EGAN | EGAIN CORP | $339,282 | 0.39% | 32,972 | Common | SOLE |
| 92971A109 | MAPS | WM TECHNOLOGY INC | $338,285 | 0.39% | 409,993 | Common | SOLE |
| 74587V107 | PBYI | PUMA BIOTECHNOLOGY INC | $330,475 | 0.38% | 55,542 | Common | SOLE |
| 20848V105 | CCSI | CONSENSUS CLOUD SOLUTIONS IN | $327,300 | 0.37% | 15,000 | Common | SOLE |
| 13057Q305 | CRC | CALIFORNIA RES CORP | $321,018 | 0.37% | 7,180 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $308,720 | 0.35% | 10,712 | Common | SOLE |
| G3156P103 | ASA | ASA GOLD AND PRECIOUS MTLS L | $300,677 | 0.34% | 5,039 | Common | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INC | $294,031 | 0.34% | 2,244 | Common | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $284,045 | 0.33% | 1,598 | Common | SOLE |
| 14843C105 | CSTL | CASTLE BIOSCIENCES INC | $275,607 | 0.32% | 7,085 | Common | SOLE |
| 235825205 | DAN | DANA INC | $269,248 | 0.31% | 11,332 | Common | SOLE |
| 40416E103 | HCI | HCI GROUP INC | $263,574 | 0.30% | 1,375 | Common | SOLE |
| 639027101 | NATR | NATURES SUNSHINE PRODS INC | $242,149 | 0.28% | 11,221 | Common | SOLE |
| 053807103 | AVT | AVNET INC | $240,400 | 0.28% | 5,000 | Common | SOLE |
| 42824C109 | HPE | HEWLETT PACKARD ENTERPRISE C | $238,278 | 0.27% | 9,920 | Common | SOLE |
| 09203E105 | BDTX | BLACK DIAMOND THERAPEUTICS I | $233,975 | 0.27% | 96,286 | Common | SOLE |
| 48020Q107 | JLL | JONES LANG LASALLE INC | $232,164 | 0.27% | 690 | Common | SOLE |
| 52736R102 | LEVI | LEVI STRAUSS & CO NEW | $216,692 | 0.25% | 10,448 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $214,229 | 0.25% | 1,883 | Common | SOLE |
| 49428J109 | KE | KIMBALL ELECTRONICS INC | $213,852 | 0.24% | 7,687 | Common | SOLE |
| 880770102 | TER | TERADYNE INC | $200,528 | 0.23% | 1,036 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $200,055 | 0.23% | 398 | Common | SOLE |
| 98585L100 | YRD | YIREN DIGITAL LTD | $194,642 | 0.22% | 52,606 | Common | SOLE |
| 31810T101 | FINV | FINVOLUTION GROUP | $146,346 | 0.17% | 27,982 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $144,069 | 0.16% | 13,630 | Common | SOLE |
| 389375106 | GTN | GRAY MEDIA INC | $140,404 | 0.16% | 29,009 | Common | SOLE |
| 62914V106 | NIO | NIO INC | $109,395 | 0.13% | 21,450 | Common | SOLE |
| 92762J103 | VIOT | VIOMI TECHNOLOGY CO LTD | $97,100 | 0.11% | 52,772 | Common | SOLE |
| 659310106 | NRT | NORTH EUROPEAN OIL RTY TR | $94,147 | 0.11% | 14,308 | Common | SOLE |
| 98372W202 | XYF | X FINL | $81,598 | 0.09% | 14,571 | Common | SOLE |
| 90114C107 | TUYA | TUYA INC | $67,355 | 0.08% | 31,922 | Common | SOLE |
| 45675Y104 | III | INFORMATION SVCS GROUP INC | $66,973 | 0.08% | 11,587 | Common | SOLE |
| 72815G108 | MYPS | PLAYSTUDIOS INC | $48,037 | 0.05% | 73,733 | Common | SOLE |
| 89977P106 | TOUR | TUNIU CORP | $13,642 | 0.02% | 22,004 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.