Q1 2026 · 13F-HR
Verdad Advisers, LPholdings as filed
Filed 2026-05-15 · accession 0001420506-26-001092
$88.8M
Reported value
179
Positions
2026-03-31
Period end
The Brief · Verdad Advisers, LP · Q1 2026
AI · grounded in 13F
Verdad Advisers, LP closed its position in C for a reduction of $4.03M. The fund also exited positions in TJX and GOOGL, reducing exposure by $3.81M and $2.66M respectively. On the buy side, the fund established new positions in BLTE for $2.2M, STT for $2.11M, and ATHM for $2.11M. Overall, the fund added 151 positions and reduced 81.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 07782B104 | BLTE | BELITE BIO INC | $2.2M | 2.48% | 13,813 | Common | SOLE |
| 857477103 | STT | STATE STR CORP | $2.1M | 2.37% | 16,665 | Common | SOLE |
| 05278C107 | ATHM | AUTOHOME INC | $2.1M | 2.37% | 121,317 | Common | SOLE |
| 76155X100 | RVMD | REVOLUTION MEDICINES INC | $2.1M | 2.36% | 21,572 | Common | SOLE |
| 98985Y108 | ZYME | ZYMEWORKS INC | $2.1M | 2.33% | 82,698 | Common | SOLE |
| 128030202 | CALM | CAL MAINE FOODS INC | $2.0M | 2.20% | 24,637 | Common | SOLE |
| 98980L101 | ZNGA | ZOOM COMMUNICATIONS INC | $1.7M | 1.95% | 21,580 | Common | SOLE |
| 13057Q305 | CRC | CALIFORNIA RES CORP | $1.6M | 1.75% | 22,500 | Common | SOLE |
| 88032L605 | TENX | TENAX THERAPEUTICS INC | $1.5M | 1.72% | 95,330 | Common | SOLE |
| 004225108 | ACAD | ACADIA PHARMACEUTICALS INC | $1.5M | 1.71% | 68,290 | Common | SOLE |
| 69888T207 | PARR | PAR PAC HOLDINGS INC | $1.4M | 1.59% | 22,500 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $1.3M | 1.49% | 5,418 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $1.3M | 1.46% | 3,841 | Common | SOLE |
| 67080M103 | NRIX | NURIX THERAPEUTICS INC | $1.3M | 1.46% | 83,425 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $1.2M | 1.34% | 41,549 | Common | SOLE |
| 00653Q102 | AHCO | ADAPTHEALTH CORP | $1.1M | 1.27% | 95,000 | Common | SOLE |
| 21217B100 | CTNM | CONTINEUM THERAPEUTICS INC | $1.1M | 1.26% | 86,032 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $1.1M | 1.24% | 5,163 | Common | SOLE |
| 16208T102 | CLDT | CHATHAM LODGING TR | $1.1M | 1.24% | 140,000 | Common | SOLE |
| 064058100 | BK | BANK NEW YORK MELLON CORP | $1.1M | 1.20% | 8,951 | Common | SOLE |
| 05464T104 | AXSM | AXSOME THERAPEUTICS INC. | $1.0M | 1.14% | 5,971 | Common | SOLE |
| 28658R106 | CLYM | CLIMB BIO INC | $990,099 | 1.11% | 144,540 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $989,140 | 1.11% | 2,894 | Common | SOLE |
| 25056L103 | DSGN | DESIGN THERAPEUTICS INC | $982,178 | 1.11% | 92,310 | Common | SOLE |
| 48020Q107 | JLL | JONES LANG LASALLE INC | $962,564 | 1.08% | 3,163 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORPORATION | $936,223 | 1.05% | 4,525 | Common | SOLE |
| 001744101 | AMN | AMN HEALTHCARE SVCS INC | $917,000 | 1.03% | 50,000 | Common | SOLE |
| 87427V103 | TALK | TALKSPACE INC | $908,476 | 1.02% | 175,551 | Common | SOLE |
| 146229109 | CRI | CARTERS INC | $894,000 | 1.01% | 25,000 | Common | SOLE |
| 62913M107 | NGL | NGL ENERGY PARTNERS LP | $863,100 | 0.97% | 70,000 | Common | SOLE |
| 423403104 | MOMO | HELLO GROUP INC | $859,697 | 0.97% | 149,253 | Common | SOLE |
| 04650F101 | ATAI | ATAIBECKLEY INC | $805,952 | 0.91% | 227,670 | Common | SOLE |
| 026948109 | AII | AMERICAN INTEGRITY INS GROUP | $792,312 | 0.89% | 41,095 | Common | SOLE |
| 314211103 | FHI | FEDERATED HERMES INC | $777,494 | 0.88% | 13,710 | Common | SOLE |
| 00461U105 | ACRS | ACLARIS THERAPEUTICS INC | $738,908 | 0.83% | 197,042 | Common | SOLE |
| 252828108 | DNTH | DIANTHUS THERAPEUTICS INC | $730,020 | 0.82% | 8,699 | Common | SOLE |
| 925283103 | VSNT | VERSANT MEDIA GROUP INC | $703,269 | 0.79% | 18,997 | Common | SOLE |
| 880881107 | 430 | TERNS PHARMACEUTICALS INC | $701,229 | 0.79% | 13,301 | Common | SOLE |
| 805111101 | SVRA | SAVARA INC | $700,933 | 0.79% | 128,376 | Common | SOLE |
| 42727J102 | HRTG | HERITAGE INSURANCE HLDGS INC | $695,468 | 0.78% | 26,494 | Common | SOLE |
| 37045V100 | GM | GENERAL MTRS CO | $685,922 | 0.77% | 9,207 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $680,841 | 0.77% | 5,660 | Common | SOLE |
| 243537107 | DECK | DECKERS OUTDOOR CORP | $671,404 | 0.76% | 6,708 | Common | SOLE |
| 74319R101 | PRG | PROG HOLDINGS INC | $639,758 | 0.72% | 22,299 | Common | SOLE |
| 650111107 | NYT | NEW YORK TIMES CO MTN BE | $628,729 | 0.71% | 7,509 | Common | SOLE |
| 83191H107 | SND | SMART SAND INC | $628,204 | 0.71% | 122,696 | Common | SOLE |
| 92790C104 | VRDN | VIRIDIAN THERAPEUTICS INC | $609,861 | 0.69% | 31,179 | Common | SOLE |
| 880770102 | TER | TERADYNE INC | $597,663 | 0.67% | 2,016 | Common | SOLE |
| 774515100 | RCKY | ROCKY BRANDS INC | $580,800 | 0.65% | 15,000 | Common | SOLE |
| 40416E103 | HCI | HCI GROUP INC | $577,778 | 0.65% | 3,737 | Common | SOLE |
| G9TY5A101 | ZURA | ZURA BIO LTD | $577,757 | 0.65% | 97,102 | Common | SOLE |
| 814785309 | SNFCA | SECURITY NATL FINL CORP | $568,800 | 0.64% | 60,000 | Common | SOLE |
| G3156P103 | ASA | ASA GOLD AND PRECIOUS MTLS L | $563,294 | 0.63% | 9,081 | Common | SOLE |
| 464288513 | HYG | ISHARES TR | $562,489 | 0.63% | 7,070 | Common | SOLE |
| 861896108 | SNEX | STONEX GROUP INC | $560,276 | 0.63% | 6,947 | Common | SOLE |
| 38911N206 | GRVY | GRAVITY CO LTD | $552,621 | 0.62% | 8,919 | Common | SOLE |
| 831349105 | SLDE | SLIDE INS HLDGS INC | $551,844 | 0.62% | 30,658 | Common | SOLE |
| 86366E106 | GPCR | STRUCTURE THERAPEUTICS INC | $546,347 | 0.62% | 11,335 | Common | SOLE |
| 094235108 | BLMN | BLOOMIN BRANDS INC | $540,000 | 0.61% | 100,000 | Common | SOLE |
| 29479A108 | ERAS | ERASCA INC | $535,073 | 0.60% | 33,070 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $532,915 | 0.60% | 4,923 | Common | SOLE |
| 60649T107 | MG | MISTRAS GROUP INC | $510,294 | 0.57% | 34,526 | Common | SOLE |
| 29082K105 | EMBC | EMBECTA CORP | $486,200 | 0.55% | 55,000 | Common | SOLE |
| 00402L107 | ASO | ACADEMY SPORTS & OUTDOORS IN | $479,825 | 0.54% | 8,500 | Common | SOLE |
| 601137102 | MRP | MILLROSE PPTYS INC | $479,416 | 0.54% | 17,122 | Common | SOLE |
| 59356Q108 | MIAX | MIAMI INTL HLDGS INC | $478,015 | 0.54% | 12,282 | Common | SOLE |
| 21833P301 | CRBP | CORBUS PHARMACEUTICALS HLDGS | $471,866 | 0.53% | 50,252 | Common | SOLE |
| 172755100 | CRUS | CIRRUS LOGIC INC | $468,135 | 0.53% | 3,237 | Common | SOLE |
| 64115T104 | NTCT | NETSCOUT SYS INC | $468,012 | 0.53% | 14,722 | Common | SOLE |
| 55616P104 | M | MACYS INC | $463,158 | 0.52% | 25,603 | Common | SOLE |
| 83193E102 | EM | SMART SH GLOBAL LTD | $461,128 | 0.52% | 408,078 | Common | SOLE |
| 65343E207 | NXTC | NEXTCURE INC | $458,759 | 0.52% | 42,955 | Common | SOLE |
| 87650L103 | TARS | TARSUS PHARMACEUTICALS INC | $443,909 | 0.50% | 6,328 | Common | SOLE |
| 92556V106 | VTRS | VIATRIS INC | $439,075 | 0.49% | 32,500 | Common | SOLE |
| 566324109 | MMI | MARCUS & MILLICHAP INC | $413,182 | 0.47% | 15,539 | Common | SOLE |
| 053807103 | AVT | AVNET INC | $412,977 | 0.46% | 6,702 | Common | SOLE |
| 28036F105 | EWTX | EDGEWISE THERAPEUTICS INC | $411,138 | 0.46% | 13,052 | Common | SOLE |
| 92337R101 | VERA | VERA THERAPEUTICS INC | $409,582 | 0.46% | 10,181 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $409,374 | 0.46% | 5,700 | Common | SOLE |
| 00032Q104 | WHWK | WHITEHAWK THERAPEUTICS INC | $398,420 | 0.45% | 115,484 | Common | SOLE |
| 099724106 | BWA | BORGWARNER INC | $394,416 | 0.44% | 7,269 | Common | SOLE |
| 05463X106 | AXGN | AXOGEN INC | $381,227 | 0.43% | 11,507 | Common | SOLE |
| 87265H109 | T86 | TRI POINTE HOMES INC | $380,709 | 0.43% | 8,147 | Common | SOLE |
| 346375108 | FORM | FORMFACTOR INC | $376,030 | 0.42% | 3,877 | Common | SOLE |
| 02913V103 | APEI | AMERICAN PUB ED INC | $362,155 | 0.41% | 6,367 | Common | SOLE |
| 30260D103 | FIGS | FIGS INC | $358,187 | 0.40% | 24,251 | Common | SOLE |
| 20848V105 | CCSI | CONSENSUS CLOUD SOLUTIONS IN | $356,100 | 0.40% | 15,000 | Common | SOLE |
| 50015M109 | KOD | KODIAK SCIENCES INC | $347,464 | 0.39% | 9,115 | Common | SOLE |
| 234264109 | DAKT | DAKTRONICS INC | $345,879 | 0.39% | 17,692 | Common | SOLE |
| 826919102 | SLAB | SILICON LABORATORIES INC | $343,448 | 0.39% | 1,650 | Common | SOLE |
| 690469101 | OVID | OVID THERAPEUTICS INC | $337,260 | 0.38% | 151,919 | Common | SOLE |
| 23355L106 | DXC | DXC TECHNOLOGY CO | $335,028 | 0.38% | 26,653 | Common | SOLE |
| 71363P106 | PRDO | PERDOCEO ED CORP | $333,030 | 0.37% | 8,950 | Common | SOLE |
| 042735100 | ARW | ARROW ELECTRS INC | $332,711 | 0.37% | 2,320 | Common | SOLE |
| 03940C100 | ACLXGBX | ARCELLX INC | $332,174 | 0.37% | 2,893 | Common | SOLE |
| 75955J402 | RLMD | RELMADA THERAPEUTICS INC | $328,157 | 0.37% | 47,149 | Common | SOLE |
| 233912104 | DJCO | DAILY JOURNAL CORP | $327,509 | 0.37% | 679 | Common | SOLE |
| 868459108 | SUPN | SUPERNUS PHARMACEUTICALS | $325,389 | 0.37% | 6,295 | Common | SOLE |
| 590672101 | MSB | MESABI TR | $324,545 | 0.37% | 10,303 | Common | SOLE |
| 630402105 | NSSC | NAPCO SEC TECHNOLOGIES INC | $318,704 | 0.36% | 8,091 | Common | SOLE |
| 65487X102 | NOAH | NOAH HLDGS LTD | $306,128 | 0.34% | 30,922 | Common | SOLE |
| 683797104 | OPY | OPPENHEIMER HLDGS INC | $305,119 | 0.34% | 3,421 | Common | SOLE |
| 29332G102 | EHABUSD | ENHABIT INC | $302,935 | 0.34% | 21,500 | Common | SOLE |
| 90328M107 | USNA | USANA HEALTH SCIENCES INC | $298,283 | 0.34% | 17,074 | Common | SOLE |
| 04546C304 | ASRT | ASSERTIO HOLDINGS INC | $296,211 | 0.33% | 15,541 | Common | SOLE |
| 03589W102 | ANNX | ANNEXON INC | $295,155 | 0.33% | 53,277 | Common | SOLE |
| 12529R107 | CCCC | C4 THERAPEUTICS INC | $287,740 | 0.32% | 109,407 | Common | SOLE |
| 751212101 | RL | RALPH LAUREN CORP | $286,200 | 0.32% | 832 | Common | SOLE |
| 34984V209 | FET | FORUM ENERGY TECHNOLOGIES IN | $284,677 | 0.32% | 4,853 | Common | SOLE |
| 775133101 | ROG | ROGERS CORP | $283,029 | 0.32% | 2,637 | Common | SOLE |
| 683416101 | OOMA | OOMA INC | $281,193 | 0.32% | 19,326 | Common | SOLE |
| 659310106 | NRT | NORTH EUROPEAN OIL RTY TR | $277,038 | 0.31% | 30,782 | Common | SOLE |
| 64110Y108 | NLOP | NET LEASE OFFICE PROPERTIES | $275,662 | 0.31% | 23,929 | Common | SOLE |
| 678026105 | OIS | OIL STS INTL INC | $272,551 | 0.31% | 23,415 | Common | SOLE |
| 09077V100 | BIOA | BIOAGE LABS INC | $266,023 | 0.30% | 15,210 | Common | SOLE |
| 67018T105 | NUS | NU SKIN ENTERPRISES INC | $263,332 | 0.30% | 36,172 | Common | SOLE |
| 624580106 | MOV | MOVADO GROUP INC | $262,344 | 0.30% | 10,743 | Common | SOLE |
| 192446102 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | $254,541 | 0.29% | 4,149 | Common | SOLE |
| 45784A104 | INNV | INNOVAGE HLDG CORP | $253,761 | 0.29% | 31,641 | Common | SOLE |
| 501242101 | KLIC | KULICKE & SOFFA INDS INC | $249,145 | 0.28% | 3,791 | Common | SOLE |
| 87162W100 | SNX | TD SYNNEX CORPORATION | $243,955 | 0.27% | 1,446 | Common | SOLE |
| G2545C104 | CBIO | CRESCENT BIOPHARMA INC. | $234,181 | 0.26% | 12,748 | Common | SOLE |
| 302301106 | EZPW | EZCORP INC | $225,933 | 0.25% | 8,902 | Common | SOLE |
| 92971A109 | MAPS | WM TECHNOLOGY INC | $224,320 | 0.25% | 340,704 | Common | SOLE |
| 69353Y103 | PMVP | PMV PHARMACEUTICALS INC | $223,400 | 0.25% | 180,161 | Common | SOLE |
| 75886F107 | REGN | REGENERON PHARMACEUTICALS | $218,657 | 0.25% | 283 | Common | SOLE |
| 533535100 | LINC | LINCOLN EDL SVCS CORP | $216,987 | 0.24% | 5,334 | Common | SOLE |
| 76243J105 | RYTM | RHYTHM PHARMACEUTICALS INC | $212,642 | 0.24% | 2,445 | Common | SOLE |
| 320551104 | DIBS | 1STDIBS COM INC | $207,917 | 0.23% | 37,803 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $207,560 | 0.23% | 709 | Common | SOLE |
| 28225C806 | EGAN | EGAIN CORP | $207,412 | 0.23% | 26,288 | Common | SOLE |
| 19240Q201 | COGT | COGENT BIOSCIENCES INC | $205,113 | 0.23% | 5,329 | Common | SOLE |
| 860372101 | STC | STEWART INFORMATION SVCS COR | $204,815 | 0.23% | 3,326 | Common | SOLE |
| 87357P100 | TCMD | TACTILE SYS TECHNOLOGY INC | $204,232 | 0.23% | 7,816 | Common | SOLE |
| 05587G203 | BKTI | BK TECHNOLOGIES CORPORATION | $203,591 | 0.23% | 2,728 | Common | SOLE |
| 022307102 | ALMS | ALUMIS INC | $202,081 | 0.23% | 9,173 | Common | SOLE |
| 230031106 | CGEM | CULLINAN THERAPEUTICS INC | $179,103 | 0.20% | 12,604 | Common | SOLE |
| 702712209 | PASG | PASSAGE BIO INC | $173,705 | 0.20% | 22,128 | Common | SOLE |
| 00534A102 | IVVD | INVIVYD INC | $170,659 | 0.19% | 131,276 | Common | SOLE |
| 68339B104 | ONTF | ON24 INC | $152,037 | 0.17% | 18,770 | Common | SOLE |
| 500255104 | KSS | KOHLS CORP | $145,538 | 0.16% | 11,282 | Common | SOLE |
| 23284F105 | CTMX | CYTOMX THERAPEUTICS INC. | $141,879 | 0.16% | 30,187 | Common | SOLE |
| 92337C203 | VSTM | VERASTEM INC | $138,431 | 0.16% | 26,119 | Common | SOLE |
| 89854M101 | TCRX | TSCAN THERAPEUTICS INC | $135,341 | 0.15% | 134,001 | Common | SOLE |
| 58470H101 | MED | MEDIFAST INC | $133,978 | 0.15% | 13,148 | Common | SOLE |
| 277461406 | KODK | EASTMAN KODAK CO | $133,895 | 0.15% | 14,795 | Common | SOLE |
| 91851C201 | EGY | VAALCO ENERGY INC | $132,424 | 0.15% | 20,887 | Common | SOLE |
| 62914V106 | NIO | NIO INC | $129,344 | 0.15% | 21,450 | Common | SOLE |
| 729139105 | PLRX | PLIANT THERAPEUTICS INC | $123,883 | 0.14% | 98,320 | Common | SOLE |
| 25862B109 | DDI | DOUBLEDOWN INTERACTIVE CO LT | $121,021 | 0.14% | 14,322 | Common | SOLE |
| 344174107 | FHTX | FOGHORN THERAPEUTICS INC | $116,708 | 0.13% | 24,416 | Common | SOLE |
| 83422E204 | SLDB | SOLID BIOSCIENCES INC | $107,129 | 0.12% | 14,879 | Common | SOLE |
| 451033708 | IBIO | IBIO INC | $107,004 | 0.12% | 56,318 | Common | SOLE |
| 92840H400 | VTGN | VISTAGEN THERAPEUTICS INC | $105,692 | 0.12% | 184,938 | Common | SOLE |
| 98585L100 | YRD | YIREN DIGITAL LTD | $96,841 | 0.11% | 56,303 | Common | SOLE |
| 713317105 | PEPG | PEPGEN INC | $96,253 | 0.11% | 54,380 | Common | SOLE |
| 82981J851 | SITC | SITE CTRS CORP | $93,890 | 0.11% | 17,387 | Common | SOLE |
| 05601C105 | BGSF | BGSF INC | $93,284 | 0.11% | 14,418 | Common | SOLE |
| 00164V103 | AMCX | AMC NETWORKS INC | $91,183 | 0.10% | 13,429 | Common | SOLE |
| 00509G209 | ABOS | ACUMEN PHARMACEUTICALS INC | $87,976 | 0.10% | 37,278 | Common | SOLE |
| 82024L103 | STTK | SHATTUCK LABS INC | $86,021 | 0.10% | 13,378 | Common | SOLE |
| 250565108 | DBI | DESIGNER BRANDS INC | $80,616 | 0.09% | 14,168 | Common | SOLE |
| 84833T103 | SPRO | SPERO THERAPEUTICS INC | $78,285 | 0.09% | 33,455 | Common | SOLE |
| 904311107 | UAA | UNDER ARMOUR INC | $76,174 | 0.09% | 12,889 | Common | SOLE |
| 31810T101 | FINV | FINVOLUTION GROUP | $72,545 | 0.08% | 15,145 | Common | SOLE |
| M8216R109 | RSKD | RISKIFIED LTD | $71,273 | 0.08% | 18,182 | Common | SOLE |
| 471871202 | JSPR | JASPER THERAPEUTICS INC | $64,810 | 0.07% | 73,967 | Common | SOLE |
| 92511W207 | VRCA | VERRICA PHARMACEUTICALS INC | $63,998 | 0.07% | 12,098 | Common | SOLE |
| 205826209 | CMTL | COMTECH TELECOMMUNICATIONS C | $63,409 | 0.07% | 19,099 | Common | SOLE |
| 56155L108 | TUSK | MAMMOTH ENERGY SVCS INC | $55,686 | 0.06% | 22,729 | Common | SOLE |
| 25445D101 | DDL | DINGDONG CAYMAN LTD | $54,407 | 0.06% | 21,170 | Common | SOLE |
| 014442107 | ALEC | ALECTOR INC | $50,641 | 0.06% | 23,554 | Common | SOLE |
| 76680V108 | REI | RING ENERGY INC | $38,339 | 0.04% | 25,058 | Common | SOLE |
| 72815G108 | MYPS | PLAYSTUDIOS INC | $34,596 | 0.04% | 73,733 | Common | SOLE |
| 92762J103 | VIOT | VIOMI TECHNOLOGY CO LTD | $32,959 | 0.04% | 29,693 | Common | SOLE |
| 157085101 | CERS | CERUS CORP | $30,774 | 0.03% | 16,909 | Common | SOLE |
| 95075A107 | HOWL | WEREWOLF THERAPEUTICS INC | $24,778 | 0.03% | 29,760 | Common | SOLE |
| 282914100 | EGHT | 8X8 INC NEW | $20,367 | 0.02% | 12,269 | Common | SOLE |
| 38068T105 | GORO | GOLD RESOURCE CORP | $17,647 | 0.02% | 14,706 | 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.