VV
Verbena Value LP — 13F Portfolio Report & Top Holdings (Q2 2026)
Verbena Value LPCIK: 0002082932
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$605.3M
Reporting period: 2026-06-30 · Number of holdings: 31
Verbena Value LP disclosed 31 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $605.3M and a quarterly turnover rate of 44.0%.
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Personality snowflake
- Concentration
- 25.49
- Portfolio Stability
- 43.95
- Momentum
- 100
- Sector conviction
- 93.48
- Diversification
- 62
- Sizing Uniformity
- 89.96
Verbena Value LP's disclosed holdings carry a Herfindahl concentration index of 0.064 — mathematically equivalent to about 16 equally-sized positions, well below its 31 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.00), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 4.6 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 49% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy AMZN
Trim JBL
-76.0% -$27.9M
Trim AGI
-50.9% -$27.3M
Add SARO
+71.1% $22.5M
Trim GFL
-33.0% -$20.7M
Trim SW
-52.2% -$19.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CTRI | Centuri Holdings Inc | Stock-Other | 10.97% | +2.50% | +24.00% | |
| 2 | OR | Or Royalties Inc | Stock-Other | 10.05% | +1.99% | +48.56% | |
| 3 | GLNG | Golar LNG Limited | Stock-Energy | 9.04% | -1.68% | -9.33% | |
| 4 | DNOW | Dnow Inc | Stock-Other | 7.73% | +1.30% | +9.37% | |
| 5 | SARO | Standardaero Inc | Stock-Other | 7.52% | +3.76% | +71.08% | |
| 6 | AEP | American Electric Power | Stock-Utilities | 7.43% | +1.02% | +10.07% | |
| 7 | ETR | Entergy CORP | Stock-Utilities | 5.69% | +1.02% | +18.11% | |
| 8 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 5.64% | +5.64% | NEW | |
| 9 | GFL | Gfl Environmental Inc-sub Vt | Stock-Other | 4.93% | -3.34% | -33.01% | |
| 10 | PPL | Ppl CORP | Stock-Utilities | 4.49% | -0.14% | +0.85% | |
| 11 | SW | Smurfit Westrock Plc | Stock-Consumer Disc | 3.94% | -3.08% | -52.15% | |
| 12 | JBL | Jabil Inc | Stock-Tech | 2.46% | -4.55% | -76.04% | |
| 13 | AGI | Alamos Gold Inc-class A | Stock-Materials | 2.27% | -4.44% | -50.86% | |
| 14 | BKH | Black Hills CORP | Stock-Utilities | 2.20% | +2.20% | NEW | |
| 15 | ✓ | Stock-Other | 2.11% | +0.04% | — | ||
| 16 | EVRG | Evergy Inc | Stock-Utilities | 2.01% | +0.01% | -5.49% | |
| 17 | SWX | Southwest Gas Holdings Inc | Stock-Utilities | 1.76% | -0.60% | -27.73% | |
| 18 | ✓ | Metals Acquisition CORP Ii | Stock-Other | 1.63% | +0.14% | — | |
| 19 | ✓ | Berto Acquisition CORP | Stock-Other | 1.56% | +0.05% | — | |
| 20 | FIS | Fidelity National Info Serv | Stock-Tech | 1.53% | -0.30% | — | |
| 21 | ✓ | Infinite Eagle Acquisition C | Stock-Other | 1.02% | +0.02% | — | |
| 22 | ✓ | Stock-Other | 0.83% | +0.01% | — | ||
| 23 | AMTM | Amentum Holdings Inc | Stock-Industrials | 0.64% | +0.64% | NEW | |
| 24 | CCIX | Churchill Capital Corp IX | Stock-Other | 0.51% | +0.02% | — | |
| 25 | ✓ | Stock-Other | 0.50% | +0.50% | NEW | ||
| 26 | ✓ | Stock-Other | 0.50% | +0.50% | NEW | ||
| 27 | ANSCW | Agriculture & Natural Solutions Acquisition Corporation | Stock-Other | 0.47% | +0.47% | NEW | |
| 28 | ✓ | Stock-Other | 0.17% | +0.17% | NEW | ||
| 29 | ✓ | Safeguard Acquisition CORP | Stock-Other | 0.17% | — | — | |
| 30 | ✓ | General Purp Acquisition Cor | Stock-Other | 0.17% | +0.01% | — | |
| 31 | ✓ | Churchill Cap CORP Xi | Stock-Other | 0.07% | +0.03% | — |
Portfolio Performance
Performance for Q3 2026
-1.4%
Performance Last 4 Quarters
-3.8%
- Stdev
- +12.3%
- Beta
- +0.33
- Alpha
- -15.3%
- Max Drawdown
- -7.2%
- Annualized Perf
- -7.4%
- Batting Avg vs S&P
- +33.3%
- Sortino
- -0.8
- Stutzer
- -0.18
- Treynor
- -0.21
- Sterling
- —
- Calmar
- -1.04
- Information Ratio
- -1.94
- Tracking Error
- +16.4%
- Stdev Down
- +8.9%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.22
- Sharpe
- -0.57
- Stdev Sectors
- +15.5%
- Skewness
- +0.36
- Kurtosis
- -1.15
- Upside Potential
- +1.57
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Verbena Value LP's most significant position changes for 2026-06-30: New buy: Amazon.com Inc (AMZN); Sold out: Cms Energy CORP (CMS); New buy: Black Hills CORP (BKH); Sold out: Kodiak Gas Services Inc (KGS); New buy: Amentum Holdings Inc (AMTM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | +5.6% | NEW | New buy |
| 2 | SARO | Standardaero Inc | +3.8% | +71.08% | Add |
| 3 | CTRI | Centuri Holdings Inc | +2.5% | +24.00% | Add |
| 4 | BKH | Black Hills CORP | +2.2% | NEW | New buy |
| 5 | OR | Or Royalties Inc | +2% | +48.56% | Add |
| 6 | DNOW | Dnow Inc | +1.3% | +9.37% | Add |
| 7 | ETR | Entergy CORP | +1% | +18.11% | Add |
| 8 | AEP | American Electric Power | +1% | +10.07% | Add |
| 9 | AMTM | Amentum Holdings Inc | +0.6% | NEW | New buy |
| 10 | ✓ | +0.5% | NEW | New buy | |
| 11 | ✓ | +0.5% | NEW | New buy | |
| 12 | ANSCW | Agriculture & Natural Solutions Acquisition Corporation | +0.5% | NEW | New buy |
| 13 | ✓ | +0.2% | NEW | New buy | |
| 14 | ✓ | Metals Acquisition CORP Ii | +0.1% | — | Unchanged |
| 15 | ✓ | Berto Acquisition CORP | +0.1% | — | Unchanged |
| 16 | ✓ | 0% | — | Unchanged | |
| 17 | ✓ | Churchill Cap CORP Xi | 0% | — | Unchanged |
| 18 | ✓ | Infinite Eagle Acquisition C | 0% | — | Unchanged |
| 19 | CCIX | Churchill Capital Corp IX | 0% | — | Unchanged |
| 20 | ✓ | 0% | — | Unchanged | |
| 21 | EVRG | Evergy Inc | 0% | -5.49% | Trim |
| 22 | ✓ | General Purp Acquisition Cor | 0% | — | Unchanged |
| 23 | ✓ | Safeguard Acquisition CORP | — | — | Unchanged |
| 24 | PPL | Ppl CORP | -0.1% | +0.85% | Add |
| 25 | FIS | Fidelity National Info Serv | -0.3% | — | Unchanged |
| 26 | SWX | Southwest Gas Holdings Inc | -0.6% | -27.73% | Trim |
| 27 | KGS | Kodiak Gas Services Inc | -1.1% | EXIT | Sold out |
| 28 | GLNG | Golar LNG Limited | -1.7% | -9.33% | Trim |
| 29 | CMS | Cms Energy CORP | -2.8% | EXIT | Sold out |
| 30 | SW | Smurfit Westrock Plc | -3.1% | -52.15% | Trim |
| 31 | GFL | Gfl Environmental Inc-sub Vt | -3.3% | -33.01% | Trim |
| 32 | AGI | Alamos Gold Inc-class A | -4.4% | -50.86% | Trim |
| 33 | JBL | Jabil Inc | -4.6% | -76.04% | Trim |
Filing History
FAQ
What is Verbena Value LP and what type of investor is it?
Verbena Value LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $605.3M, spread across 31 disclosed positions.
What are Verbena Value LP's largest equity positions?
Based on the latest 13F filing, Verbena Value LP's top holdings by market value are:
1. Centuri Holdings Inc (CTRI) — $66.4M (11.0%)
2. Or Royalties Inc (OR) — $60.8M (10.1%)
3. Golar LNG Limited (GLNG) — $54.7M (9.0%)
4. Dnow Inc (DNOW) — $46.8M (7.7%)
5. Standardaero Inc (SARO) — $45.5M (7.5%)
What changes did Verbena Value LP make in its most recent portfolio filing?
In the latest reported quarter, Verbena Value LP made 23 notable position adjustments: 7 new positions were initiated, 7 existing holdings were added to, 7 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Amazon.com Inc (AMZN); Sold out: Cms Energy CORP (CMS); New buy: Black Hills CORP (BKH); Sold out: Kodiak Gas Services Inc (KGS); New buy: Amentum Holdings Inc (AMTM)
What sectors does Verbena Value LP focus on?
Verbena Value LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Utilities: 48.0%
• Consumer Discretionary: 19.5%
• Energy: 18.4%
• Information Technology: 8.1%
• Materials: 4.6%
• Industrials: 1.3%
Investment Profile
Verbena Value LP returned an annualized -7.4% over the trailing 6 months — underperforming the S&P 500 by 15.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.33 (less volatile than the market) and a 33% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 48.0% of the portfolio concentrated in Utilities.
Its turnover score has risen from 0 to 44 over the past 2 quarters — a shift toward more active trading.
It has added to its SARO position over the past two quarters (+$40.2M, now $45.5M), while trimming FIS over the same stretch (-$31.8M, still holding $9.3M).
Peer Institutions
Institutions with a similar AUM
JH
Jackson Hole Capital Partners, LLC
CIK 0001767049
Total reported value
$605.1M
313 stks
2026-03-31
Concentration8.1
Portfolio Stability15.1
Sector conviction37.4
AUM within 0.0% of this institution
View detail
BF
Banc Funds Co LLC
CIK 0001029311
Total reported value
$605.5M
92 stks
2026-06-30
Concentration7.4
Portfolio Stability25.5
Sector conviction100.0
AUM within 0.0% of this institution
View detail
RC
Requisite Capital Management, LLC
CIK 0001730573
Total reported value
$605.0M
127 stks
2026-06-30
Concentration48.3
Portfolio Stability0.0
Sector conviction79.2
AUM within 0.0% of this institution
View detail
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Developer Access
Access Verbena Value LP's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/verbena-value-lpCLI
npx alphasmo institutions get verbena-value-lp