CIK: 0001454027
Total reported value
$15.4B
Reporting period: 2026-03-31 · Number of holdings: 2192
Verition Fund Management LLC disclosed 2192 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $15.4B and a quarterly turnover rate of 94.6%.
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Verition Fund Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.010 — mathematically equivalent to about 96 equally-sized positions, well below its 2192 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.02), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 59% 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.
Trim NVDA
-94.9% -$1.3B
Trim TSLA
-97.1% -$1.2B
Add XLP
+2627.0% $584.9M
Trim IVV
-79.9% -$1.0B
Trim AMZN
-91.4% -$925.7M
Add HYG
+20.8% $95.2M
Verition is executing a wholesale capital evacuation from its high-conviction mega-cap tech positions and S&P 500 beta, rebuilding around a consumer staple core via XLP. This is not alpha hunting but a defensive fortification against an anticipated growth scare.
The fund is pricing in a growth-recession regime where AI-led capex momentum decelerates and only inelastic consumption holds value. The opposing thesis is that rate normalization or a reflationary policy response reignites the same high-beta names Verition just sold, leaving the fund positioned for a fade that never materializes.
Verition's defensive pivot through XLP is a crowded macro consensus—if the economy surprises to the upside or the Fed eases early, this trade suffers from multiple expansion in the sold names and multiple compression in the bought ones. The 94% turnover ratio also imposes significant execution cost friction that may silently offset any net benefit from the rotation.
Sourced and summarized by AI from public SEC filings, limited to historical activity. Not investment guidance.
Showing top 200 holdings (of 2192 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 6.13% | — | +9.47% | |
| 2 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 3.93% | +3.85% | +2626.95% | |
| 3 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 3.83% | +1.88% | +20.81% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 2.40% | +0.72% | -7.77% | |
| 5 | WBD | Warner Bros Discovery INC | Stock-Comm Services | 1.80% | +0.10% | -32.83% | |
| 6 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.60% | -3.46% | -79.94% | |
| 7 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 1.55% | +1.10% | +112.34% | |
| 8 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 1.43% | +0.95% | +80.42% | |
| 9 | NSC | Norfolk Southern CORP | Stock-Industrials | 1.37% | — | +13.74% | |
| 10 | AMD | Advanced Micro Devices | Stock-Tech | 1.10% | +0.78% | +120.06% | |
| 11 | EA | Electronic Arts INC | Stock-Comm Services | 1.09% | +0.24% | -22.27% | |
| 12 | XLF | Ss Financial Select Sector | ETF-Other | 1.04% | +0.94% | +600.96% | |
| 13 | GLD | Spdr Gold Shares | ETF-Commodities | 0.91% | — | +17.99% | |
| 14 | SDA | Sealed Air CORP | Stock-Consumer Disc | 0.74% | +0.58% | +183.05% | |
| 15 | ONB | Old National Bancorp | Stock-Financials | 0.73% | — | +6.55% | |
| 16 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.64% | -0.26% | -43.88% | |
| 17 | CWAN | Clearwater Analytics Holdings, Inc. | Stock-Tech | 0.63% | +0.45% | +114.41% | |
| 18 | XLE | Ss Energy Select Sector | ETF-Other | 0.59% | +0.56% | +725.78% | |
| 19 | GTLS | Chart Industries INC | Stock-Industrials | 0.58% | — | +74.29% | |
| 20 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.55% | -0.01% | -34.49% | |
| 21 | 430 | Terns Pharmaceuticals INC | Stock-Other | 0.53% | +0.53% | +12060.54% | |
| 22 | ALL | Allstate CORP | Stock-Financials | 0.51% | — | +8.37% | |
| 23 | TXNM | Txnm Energy INC | Stock-Utilities | 0.51% | — | +55.59% | |
| 24 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.51% | -3.43% | -91.39% | |
| 25 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.50% | — | +6.87% | |
| 26 | AON | Aon plc | Stock-Financials | 0.48% | — | +9.95% | |
| 27 | BEN | Franklin Resources INC | Stock-Financials | 0.46% | — | +37.74% | |
| 28 | BRO | Brown & Brown INC | Stock-Financials | 0.46% | — | +17.13% | |
| 29 | AAPL | Apple INC | Stock-Tech | 0.44% | -0.93% | -79.42% | |
| 30 | KVUE | Kenvue INC | Stock-Consumer Staples | 0.42% | — | +7.57% | |
| 31 | AES | Aes CORP | Stock-Utilities | 0.42% | +0.41% | +2464.22% | |
| 32 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.42% | +0.36% | +344.70% | |
| 33 | NVDA | Nvidia CORP | Stock-Tech | 0.41% | -4.83% | -94.94% | |
| 34 | BBT | Beacon Financial CORP | Stock-Other | 0.39% | — | -11.25% | |
| 35 | LNG | Cheniere Energy INC | Stock-Energy | 0.38% | — | +44.94% | |
| 36 | EWZ | Ishares Msci Brazil ETF | ETF-Other | 0.37% | -0.04% | -54.69% | |
| 37 | NEE | Nextera Energy INC | Stock-Utilities | 0.35% | +0.33% | +1039.09% | |
| 38 | KRE | Ss Spdr S&p Regional Bank | ETF-Other | 0.35% | — | -20.03% | |
| 39 | TXNM 5.75 06-01-54 | Txnm Energy INC | Stock-Utilities | 0.35% | — | — | |
| 40 | INDB | Independent Bank Corp/ma | Stock-Other | 0.34% | — | -15.47% | |
| 41 | JD 0.25 06-01-29 | Jd.com INC | Stock-Consumer Disc | 0.34% | — | +6.28% | |
| 42 | SJM | Jm Smucker Co/the | Stock-Consumer Staples | 0.34% | — | +255.14% | |
| 43 | SLV | Ishares Silver Trust | ETF-Commodities | 0.34% | +0.33% | +1386.78% | |
| 44 | WSBC | Wesbanco INC | Stock-Other | 0.33% | — | -20.06% | |
| 45 | BPOP | Popular INC | Stock-Financials | 0.32% | — | -48.78% | |
| 46 | SHEL | Shell Plc-adr | Stock-Energy | 0.32% | — | +1.55% | |
| 47 | BP | Bp Plc-spons Adr | Stock-Energy | 0.31% | — | +51.38% | |
| 48 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 0.31% | +0.31% | NEW | |
| 49 | HBAN | Huntington Bancshares INC | Stock-Financials | 0.31% | — | +22.90% | |
| 50 | ASB | Associated Banc-corp | Stock-Financials | 0.31% | — | -36.05% |
Performance for Q3 2026
+6%
Performance Last 4 Quarters
+25.1%
Based on 69% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 2192 | $15.4B | 95 | |
| 2025-12-31 | 3459 | $25.5B | 67 | |
| 2025-09-30 | 3721 | $24.2B | 77 | |
| 2025-06-30 | 3603 | $22.5B | 0 | |
| 2025-03-31 | 3285 | $21.5B | 100 | |
| 2024-12-31 | 3204 | $25.3B | 0 | |
| 2024-09-30 | 3181 | $19.9B | 0 | |
| 2024-06-30 | 2970 | $18.3B | 0 | |
| 2024-03-31 | 2777 | $14.6B | 0 | |
| 2023-12-31 | 2315 | $12.8B | 0 | |
| 2023-09-30 | 2328 | $8.6B | 0 | |
| 2023-06-30 | 2355 | $7.5B | 0 | |
| 2023-03-31 | 2257 | $7.2B | 0 | |
| 2022-12-31 | 2219 | $6.4B | 0 | |
| 2022-09-30 | 3341 | $8.9B | 0 | |
| 2022-06-30 | 2740 | $5.1B | 0 | |
| 2022-03-31 | 3236 | $8.3B | 0 | |
| 2021-12-31 | 2923 | $13.9B | 0 | |
| 2021-09-30 | 2004 | $11.5B | 0 | |
| 2021-06-30 | 1988 | $11.0B | 85 | |
| 2021-03-31 | 1672 | $8.9B | 100 | |
| 2020-12-31 | 1131 | $11.4B | 0 | |
| 2020-09-30 | 1070 | $5.0B | 100 | |
| 2020-06-30 | 1076 | $3.0B | 100 | |
| 2020-03-31 | 591 | $2.5B | 100 | |
| 2019-12-31 | 1065 | $5.5B | 100 | |
| 2019-09-30 | 1020 | $3.6B | 89 | |
| 2019-06-30 | 1061 | $3.6B | 100 | |
| 2019-03-31 | 1089 | $2.6B | 100 | |
| 2018-12-31 | 811 | $1.4B | 100 | |
| 2018-09-30 | 1214 | $2.8B | 100 | |
| 2018-06-30 | 1040 | $1.6B | 100 | |
| 2018-03-31 | 1104 | $1.3B | 100 | |
| 2017-12-31 | 844 | $1.1B | 100 | |
| 2017-09-30 | 1129 | $1.2B | 100 | |
| 2017-06-30 | 885 | $1.0B | 100 | |
| 2017-03-31 | 1133 | $1.1B | 100 | |
| 2016-12-31 | 1133 | $1.2B | 100 | |
| 2016-09-30 | 1105 | $931.8M | 100 | |
| 2016-06-30 | 858 | $783.6M | 100 | |
| 2016-03-31 | 688 | $618.8M | 100 | |
| 2015-12-31 | 411 | $525.0M | 100 | |
| 2015-09-30 | 494 | $384.0M | 100 | |
| 2015-06-30 | 600 | $570.7M | 100 | |
| 2015-03-31 | 376 | $860.6M | 100 | |
| 2014-12-31 | 338 | $446.2M | 100 | 187264S27744153222816 |
| 2014-09-30 | 691 | $708.8M | 100 | |
| 2014-06-30 | 653 | $935.2M | 100 | |
| 2014-03-31 | 482 | $657.4M | 100 | |
| 2013-12-31 | 492 | $562.5M | 100 | |
| 2013-09-30 | 509 | $661.4M | 100 | |
| 2013-06-30 | 552 | $545.0M | 0 |
Verition Fund Management LLC's most significant position changes for 2026-03-31: Sold out: Cyberark Software LTD; Sold out: Exact Sciences CORP (EXK); Sold out: Cidara Therapeutics INC (CDTX); Sold out: Avidity Biosciences INC (RNAGBP); Sold out: Dayforce INC (DAY).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLP | Ss Consumer Staples Sel Sect | +3.9% | +2626.95% | Add |
| 2 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +1.9% | +20.81% | Add |
| 3 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +1.1% | +112.34% | Add |
| 4 | TLT | Ishares 20+ Year Treasury Bd | +1% | +80.42% | Add |
| 5 | XLF | Ss Financial Select Sector | +0.9% | +600.96% | Add |
| 6 | AMD | Advanced Micro Devices | +0.8% | +120.06% | Add |
| 7 | QQQ | Invesco Qqq Trust Series 1 | +0.7% | -7.77% | Trim |
| 8 | SDA | Sealed Air CORP | +0.6% | +183.05% | Add |
| 9 | XLE | Ss Energy Select Sector | +0.6% | +725.78% | Add |
| 10 | 430 | Terns Pharmaceuticals INC | +0.5% | +12060.54% | Add |
| 11 | CWAN | Clearwater Analytics Holdings, Inc. | +0.5% | +114.41% | Add |
| 12 | AES | Aes CORP | +0.4% | +2464.22% | Add |
| 13 | EEM | Ishares Msci Emerging Market | +0.4% | +344.70% | Add |
| 14 | NEE | Nextera Energy INC | +0.3% | +1039.09% | Add |
| 15 | SLV | Ishares Silver Trust | +0.3% | +1386.78% | Add |
| 16 | SSRM | Ssr Mining INC | +0.3% | +2176.36% | Add |
| 17 | EA | Electronic Arts INC | +0.2% | -22.27% | Trim |
| 18 | WBD | Warner Bros Discovery INC | +0.1% | -32.83% | Trim |
| 19 | GOOGL | Alphabet Inc-cl A | 0% | -34.49% | Trim |
| 20 | EWZ | Ishares Msci Brazil ETF | 0% | -54.69% | Trim |
| 21 | FHN | First Horizon CORP | -0.1% | -74.60% | Trim |
| 22 | B | Barrick Mining CORP | -0.1% | -75.15% | Trim |
| 23 | BAC | Bank Of America CORP | -0.1% | -76.92% | Trim |
| 24 | WMT | Walmart INC | -0.1% | -82.86% | Trim |
| 25 | KMB | Kimberly-clark CORP | -0.2% | -91.13% | Trim |
| 26 | XEL | Xcel Energy INC | -0.2% | -99.51% | Trim |
| 27 | NEM | Newmont CORP | -0.2% | -95.70% | Trim |
| 28 | ASML | ASML Holding N.V. | -0.2% | -99.29% | Trim |
| 29 | CAT | Caterpillar INC | -0.2% | -93.06% | Trim |
| 30 | IBIT | Ishares Bitcoin Trust ETF | -0.3% | -43.88% | Trim |
| 31 | AVGO | Broadcom INC | -0.3% | -84.54% | Trim |
| 32 | BABA | Alibaba Group Holding-sp Adr | -0.3% | -88.34% | Trim |
| 33 | WDC | Western Digital CORP | -0.4% | -93.98% | Trim |
| 34 | MU | Micron Technology INC | -0.5% | -83.43% | Trim |
| 35 | CMCSA | Comcast Corp-class A | -0.5% | -93.67% | Trim |
| 36 | IWM | Ishares Russell 2000 ETF | -0.6% | -86.83% | Trim |
| 37 | PLTR | Palantir Technologies Inc-a | -0.7% | -94.06% | Trim |
| 38 | MSFT | Microsoft CORP | -0.9% | -80.22% | Trim |
| 39 | AAPL | Apple INC | -0.9% | -79.42% | Trim |
| 40 | AMZN | Amazon.com INC | -3.4% | -91.39% | Trim |
| 41 | IVV | Ishares Core S&p 500 ETF | -3.5% | -79.94% | Trim |
| 42 | TSLA | Tesla INC | -4.5% | -97.13% | Trim |
| 43 | NVDA | Nvidia CORP | -4.8% | -94.94% | Trim |
| 44 | ✓ | Cyberark Software LTD | — | EXIT | Sold out |
| 45 | EXK | Exact Sciences CORP | — | EXIT | Sold out |
| 46 | CDTX | Cidara Therapeutics INC | — | EXIT | Sold out |
| 47 | RNAGBP | Avidity Biosciences INC | — | EXIT | Sold out |
| 48 | DAY | Dayforce INC | — | EXIT | Sold out |
| 49 | IEF | Ishares 7-10 Year Treasury B | — | NEW | New buy |
| 50 | EWY | Ishares Msci South Korea ETF | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-14 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2023-01-18 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-30 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-06-02 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-13 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-05-03 | Amendment | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-18 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-18 | Amendment | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-15 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-15 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-16 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-15 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-15 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-15 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-17 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-14 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-14 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-12 | 13F-HR | View on EDGAR |
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