Verger Capital Management LLC

Registered adviser

CIK

1627417

Location

Winston-Salem, NC

Portfolio Value

Small $344,721,054

Diversification

Highly concentrated

Filing Date

Global Rank

#4,816 / 8,816 ▼ 378 · as of Jun 2026

3Y Alpha vs SPY

-6.0%

Period ended 24 days ago

Filed Oct 22, 2026 · 2d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 170125

Roster of Oct 1, 2026

Regulatory AUM

$3,283,723,489

Main clients

Pooled investment vehicles (86% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$2,837,194,954 gross assets

Private funds on Schedule D 7.B.(1)

As filed Aug 1, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$2,357,546,301 gross assets in 1 fund Hedge funds $2,357,546,301 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$3,283,723,489	Pooled investment vehicles (86%)
Apr 2025 to Mar 2026	$2,874,867,075	Pooled investment vehicles (89%)
Apr 2024 to Mar 2025	$2,659,803,874	Pooled investment vehicles (89%)
May 2023 to Mar 2024	$2,370,595,894	Pooled investment vehicles (89%)
Apr 2023	$2,370,595,894	Pooled investment vehicles (89%)
Apr 2022 to Mar 2023	$2,382,627,323	Pooled investment vehicles (92%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 100.0% of the book (60%+)

Turnover

Low turnover

7.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 25.8 quarters (12+), a floor since 98.9% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 95.0%; sector active share 87.5% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

12 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

79.3%

+5.1 pts

Top 5

100.0%

+0.5 pts

Top 10

100.0%

0.0 pts

HHI

6,528

Highly concentrated+765

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$344,721,054	12

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
AGG	iShares Core U.S. Aggregate Bond ETF	+220,797	813,442	$76,902,806
TIP	iShares TIPS Bond ETF	+19,769	143,874	$14,968,650
IAU	Ishares Gold Trust	+194	224,024	$17,496,274
SPY	Spdr S&P 500 ETF Trust	+43	66,264	$50,534,914
GDX	VanEck Gold Miners ETF	+41	32,737	$2,874,308
RSP	Victory Portfolios II	+33	8,764	$0
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
IXC	iShares Global Energy ETF	−48,841	521,479	$29,708,658
EFA	iShares MSCI EAFE ETF	−7,700	289,794	$30,106,698
ACWI	iShares MSCI ACWI ETF	−2,031	559,163	$88,778,309
IVV	iShares Core S&P 500 ETF	−510	42,908	$32,861,091
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
IEMG	iShares Trust	203,876	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
EEM	iShares MSCI Emerging Markets ETF	248,885	$17,026,222
IEI	iShares 3-7 Year Treasury Bond ETF	12,101	$1,421,262
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

12 tracked positions · $344,721,054 total · filing declares 12 positions · $363,088,762 · as of Sep 30, 2026

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ACWI	iShares MSCI ACWI ETF	Reduced	559,163	-2,031	$88,778,309	+0.8%	25.75%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	813,442	+220,797	$76,902,806	+31.1%	22.31%
SPY	Spdr S&P 500 ETF Trust	Added	66,264	+43	$50,534,914	+2.2%	14.66%
IVV	iShares Core S&P 500 ETF	Reduced	42,908	-510	$32,861,091	+1.1%	9.53%
EFA	iShares MSCI EAFE ETF	Reduced	289,794	-7,700	$30,106,698	−2.6%	8.73%
IXC	iShares Global Energy ETF	Reduced	521,479	-48,841	$29,708,658	+6.0%	8.62%
IAU	Ishares Gold Trust	Added	224,024	+194	$17,496,274	+3.5%	5.08%
TIP	iShares TIPS Bond ETF	Added	143,874	+19,769	$14,968,650	+10.2%	4.34%
GDX	VanEck Gold Miners ETF	Added	32,737	+41	$2,874,308	+16.5%	0.83%
EWJ	iShares MSCI Japan ETF	Held	5,021	0	$489,346	+4.5%	0.14%
RSP	Victory Portfolios II	Added	8,764	+33	$0	−100.0%	0.00%
IEMG	iShares Trust	NEW	203,876	NEW	$0	NEW	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.