Verbena Value LP 13F: Quarter-over-Quarter Portfolio Changes
Verbena Value LP reported a disclosed portfolio value of approximately $611.0 million in its latest SEC Form 13F-HR filing for Q1 2026, up 5.2% quarter on quarter. Over the quarter, the fund initiated 7 new positions, bought more shares in 11 holdings, trimmed 5 holdings, and exited 7 positions.
Verbena Value LP's top buy was Standardaero INC (SARO) . The fund bought 379.3% more shares, lifting the position's portfolio weight by 2.8 percentage points. Its top sell was Cenovus Energy INC (CVE) . The fund exited the position completely after it had accounted for 7.0% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| METALS ACQUISITION CORP II | MTAL/U | 1.5% | — |
| KODIAK GAS SVCS INC | KGS | 1.1% | Holders → |
| INFINITE EAGLE ACQUISITION C | IEAG | 1.0% | Holders → |
| EGH ACQUISITION CORP. | EGHA | 0.8% | Holders → |
| SAFEGUARD ACQUISITION CORP | SAC | 0.2% | Holders → |
| GENERAL PURP ACQUISITION COR | GPAC | 0.2% | Holders → |
| CHURCHILL CAP CORP XI | CCXI | 0.0% | Holders → |
Top BuysQ1 2026
Showing the top 10 buys among 11 existing positions where the fund bought more shares in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| STANDARDAERO INC | SARO | +2.8% | +379.3% | Holders → |
| OR ROYALTIES INC. | OR | +3.8% | +85.3% | History → |
| SMURFIT WESTROCK PLC | SW | +2.7% | +67.0% | History → |
| ALAMOS GOLD INC | AGI | +2.5% | +44.7% | History → |
| GFL ENVIRONMENTAL INC | GFL | +2.1% | +44.7% | History → |
| SOUTHWEST GAS HLDGS INC | SWX | +0.7% | +38.1% | Holders → |
| CENTURI HOLDINGS INC | CTRI | +2.6% | +31.3% | History → |
| AMERICAN ELEC PWR CO INC | AEP | +1.8% | +28.7% | History → |
| GOLAR LNG LTD | GLNG | +4.1% | +17.0% | History → |
| ENTERGY CORP NEW | ETR | +0.7% | +2.0% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| FIDELITY NATL INFORMATION SV | FIS | -5.2% | 61.5% | Holders → |
| EVERGY INC | EVRG | -2.7% | 60.1% | Holders → |
| CMS ENERGY CORP | CMS | -0.7% | 23.3% | Holders → |
| DNOW INC (DNOW) | DNOW | -2.0% | 10.5% | History → |
| PPL CORP | PPL | 0.0% | 3.3% | Holders → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| CENOVUS ENERGY INC | CVE | 7.0% |
| ROYAL GOLD INC | RGLD | 4.4% |
| CENTERRA GOLD INC | CGAU | 4.0% |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED | PEG | 3.0% |
| SAFEGUARD ACQUISITION CORP | SAC/U | 0.2% |
| GENERAL PURP ACQUISITION COR | GPACU | 0.2% |
| CHURCHILL CAP CORP XI | CCXIU | 0.0% |
Net Portfolio Value ChangeQ1 2026
- $0.6BPrior quarter
- $0.6BCurrent quarter
- +$0.0BNet delta
- +5.2%% change
Methodology & FAQ
How Verbena Value LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Verbena Value LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Verbena Value LP buy in Q1 2026?
In Q1 2026, Verbena Value LP initiated 7 new positions (METALS ACQUISITION CORP II (MTAL/U), KODIAK GAS SVCS INC (KGS), INFINITE EAGLE ACQUISITION C (IEAG), EGH ACQUISITION CORP. (EGHA), SAFEGUARD ACQUISITION CORP (SAC), GENERAL PURP ACQUISITION COR (GPAC), CHURCHILL CAP CORP XI (CCXI)); bought more shares of STANDARDAERO INC (SARO), OR ROYALTIES INC. (OR), SMURFIT WESTROCK PLC (SW), ALAMOS GOLD INC (AGI), GFL ENVIRONMENTAL INC (GFL) — the largest 5 of 11 adds.
What stocks did Verbena Value LP sell in Q1 2026?
In Q1 2026, Verbena Value LP fully sold 7 positions (CENOVUS ENERGY INC (CVE), ROYAL GOLD INC (RGLD), CENTERRA GOLD INC (CGAU), PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED (PEG), SAFEGUARD ACQUISITION CORP (SAC/U), GENERAL PURP ACQUISITION COR (GPACU), CHURCHILL CAP CORP XI (CCXIU)); reduced holdings in FIDELITY NATL INFORMATION SV (FIS), EVERGY INC (EVRG), CMS ENERGY CORP (CMS), DNOW INC (DNOW) (DNOW), PPL CORP (PPL).
Which positions did Verbena Value LP initiate in Q1 2026?
Verbena Value LP established 7 new positions in Q1 2026: METALS ACQUISITION CORP II (MTAL/U, 1.5%), KODIAK GAS SVCS INC (KGS, 1.1%), INFINITE EAGLE ACQUISITION C (IEAG, 1.0%), EGH ACQUISITION CORP. (EGHA, 0.8%), SAFEGUARD ACQUISITION CORP (SAC, 0.2%), GENERAL PURP ACQUISITION COR (GPAC, 0.2%), CHURCHILL CAP CORP XI (CCXI, 0.0%).
Which existing positions saw the largest allocation increases for Verbena Value LP in Q1 2026?
Of 11 existing positions with share-count increases in Q1 2026, the largest were: STANDARDAERO INC (SARO, +2.8% weight, +379.3% shares), OR ROYALTIES INC. (OR, +3.8% weight, +85.3% shares), SMURFIT WESTROCK PLC (SW, +2.7% weight, +67.0% shares), ALAMOS GOLD INC (AGI, +2.5% weight, +44.7% shares), GFL ENVIRONMENTAL INC (GFL, +2.1% weight, +44.7% shares), SOUTHWEST GAS HLDGS INC (SWX, +0.7% weight, +38.1% shares), CENTURI HOLDINGS INC (CTRI, +2.6% weight, +31.3% shares), AMERICAN ELEC PWR CO INC (AEP, +1.8% weight, +28.7% shares), GOLAR LNG LTD (GLNG, +4.1% weight, +17.0% shares), ENTERGY CORP NEW (ETR, +0.7% weight, +2.0% shares).
Which positions did Verbena Value LP fully exit in Q1 2026?
Verbena Value LP fully exited 7 positions in Q1 2026: CENOVUS ENERGY INC (CVE, last-reported weight 7.0%), ROYAL GOLD INC (RGLD, last-reported weight 4.4%), CENTERRA GOLD INC (CGAU, last-reported weight 4.0%), PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED (PEG, last-reported weight 3.0%), SAFEGUARD ACQUISITION CORP (SAC/U, last-reported weight 0.2%), GENERAL PURP ACQUISITION COR (GPACU, last-reported weight 0.2%), CHURCHILL CAP CORP XI (CCXIU, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for Verbena Value LP in Q1 2026?
Of 5 existing positions with share-count reductions in Q1 2026, the largest were: FIDELITY NATL INFORMATION SV (FIS, -5.2% weight, -61.5% shares), EVERGY INC (EVRG, -2.7% weight, -60.1% shares), CMS ENERGY CORP (CMS, -0.7% weight, -23.3% shares), DNOW INC (DNOW) (DNOW, -2.0% weight, -10.5% shares), PPL CORP (PPL, 0.0% weight, -3.3% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.