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Portfolio (Quarterly) Guide ↗

Verdad Advisers, LP

· CIK 0001812822
13F Portfolio $89M AUM 179 positions Filed May 15, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 133 New 18 Added 23 Reduced 58 Exited
Page 2 of 9  ·  179 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 AXSM AXSOME THERAPEUTICS INC. Healthcare 5,971.0 $1.0M 1.14% NEW $169.02 +39.6%
22 CLIMB BIO INC 144,540.0 $990K 1.11% NEW $6.85
23 AMAT APPLIED MATLS INC Technology 2,894.0 $989K 1.11% NEW $341.79 +26.4%
24 DSGN DESIGN THERAPEUTICS INC Healthcare 92,310.0 $982K 1.11% NEW $10.64 +3.1%
25 JLL JONES LANG LASALLE INC Real Estate 3,163.0 $963K 1.08% +2K +358.4% $304.32 -4.2%
26 CVX CHEVRON CORPORATION Energy 4,525.0 $936K 1.05% -14K -75.5% $206.90 -7.5%
27 AMN AMN HEALTHCARE SVCS INC Healthcare 50,000.0 $917K 1.03% +5K +11.1% $18.34 +50.8%
28 TALK TALKSPACE INC Healthcare 175,551.0 $908K 1.02% NEW $5.17 +0.5%
29 CRI CARTERS INC Consumer Cyclical 25,000.0 $894K 1.01% +5K +25.0% $35.76 +4.1%
30 NGL NGL ENERGY PARTNERS LP Energy 70,000.0 $863K 0.97% NEW $12.33 +46.9%
31 MOMO HELLO GROUP INC Communication Services 149,253.0 $860K 0.97% +40K +36.7% $5.76 +2.4%
32 ATAIBECKLEY INC 227,670.0 $806K 0.91% NEW $3.54
33 AII AMERICAN INTEGRITY INS GROUP Financial Services 41,095.0 $792K 0.89% +4K +9.5% $19.28 -11.8%
34 FEDERATED HERMES INC 13,710.0 $777K 0.88% NEW $56.71
35 ACRS ACLARIS THERAPEUTICS INC Healthcare 197,042.0 $739K 0.83% NEW $3.75 +20.5%
36 DNTH DIANTHUS THERAPEUTICS INC Healthcare 8,699.0 $730K 0.82% NEW $83.92 +3.1%
37 VSNT VERSANT MEDIA GROUP INC Industrials 18,997.0 $703K 0.79% NEW $37.02 +15.3%
38 TERN TERNS PHARMACEUTICALS INC Healthcare 13,301.0 $701K 0.79% NEW $52.72 +0.4%
39 SVRA SAVARA INC Healthcare 128,376.0 $701K 0.79% NEW $5.46 -8.1%
40 HRTG HERITAGE INSURANCE HLDGS INC Financial Services 26,494.0 $695K 0.78% -2K -7.9% $26.25 -12.8%
Page 2 of 9  ·  179 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Healthcare 37.8%
Technology 15.0%
Financial Services 11.5%
Consumer Cyclical 9.2%
Energy 8.1%
Communication Services 6.6%
Consumer Defensive 4.4%
Real Estate 3.5%
Industrials 3.1%
Basic Materials 0.7%