13F
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Verity & Verity, LLC

13F equity value
$1.3B
Positions
138
Top 10 concentration
29.3%
Quarters / total new picks
29 / 327
13F equity value over time
$0M$671M$1B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 29 quarters, returned +3.0% per quarter — versus +3.1% per quarter from simply owning every 13F stock. It beat that baseline in only 55.2% of quarters (excess t = -0.19, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-0.4%
t-stat
-0.19
Quarterly win rate
55%
Annualized excess
+0.4%
$1 → follow vs universe
$2.26 vs $2.21
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180930: universe 1.08920181231: universe 1.07720190331: universe 1.05820190630: universe 1.13820190930: universe 1.22320191231: universe 0.98720200630: universe 1.09020200930: universe 1.33720201231: universe 1.39820210331: universe 1.41120210630: universe 1.52420210930: universe 1.36820220331: universe 1.46820220630: universe 1.36020220930: universe 1.46120221231: universe 1.35720230331: universe 1.43020230630: universe 1.37920230930: universe 1.56520231231: universe 1.63520240331: universe 1.67220240630: universe 1.82420240930: universe 1.80820241231: universe 1.68720250331: universe 1.83920250630: universe 1.89720250930: universe 2.13320251231: universe 2.207 20180331: follow 1.09720180930: follow 1.15320181231: follow 1.20820190331: follow 1.25920190630: follow 1.32120190930: follow 1.44920191231: follow 1.35620200630: follow 1.42920200930: follow 1.36120201231: follow 1.47120210331: follow 1.55020210630: follow 1.63920210930: follow 1.47320220331: follow 1.40420220630: follow 1.48520220930: follow 1.53220221231: follow 1.49820230331: follow 1.49020230630: follow 1.43420230930: follow 1.71820231231: follow 1.81220240331: follow 1.88320240630: follow 1.99520240930: follow 1.97620241231: follow 1.92220250331: follow 1.99020250630: follow 1.90320250930: follow 2.23120251231: follow 2.258 0.91 1.67 2.44 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 138 · 2026 Q1

Ticker Value Weight QoQ
AVGO $57M
4.3%
TRIM
RTX $41M
3.1%
HOLD
ABBV $39M
2.9%
HOLD
GILD $38M
2.8%
HOLD
PFE $37M
2.8%
HOLD
STT $37M
2.8%
ADD
JPM $37M
2.7%
HOLD
AMGN $36M
2.7%
ADD
CVX $36M
2.6%
TRIM
MSFT $35M
2.6%
ADD
ACN $35M
2.6%
ADD
PEP $34M
2.5%
HOLD
DELL $33M
2.4%
ADD
AAPL $31M
2.3%
HOLD
ENB $31M
2.3%
HOLD
VICI $29M
2.2%
ADD
OKE $29M
2.2%
ADD
JNJ $28M
2.1%
HOLD
VZ $27M
2.1%
HOLD
NEE $27M
2.0%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

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Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.