Verbena Value LP
WESTPORT, CT
$605m in 31 US stocks at the end of 30 June 2026. The top 10 are 73.5% of the money. It changed about 22.1% of the portfolio this quarter.
Value
$605m
Stocks
31
Top 10 share
73.5%
Turnover
22.1%
What changed this quarter
New
Bought for the first time this quarter.
- Amazon.comAMZN5.6% of the fund
- Black HillsBKH2.2% of the fund
- Amentum HoldingsAMTM0.6% of the fund
- Irenic AcquisitionIACQ0.5% of the fund
- Ares Acquisition Corp IIIAAC-U0.5% of the fund
- Agriculture & NAT SOL ACQ0.5% of the fund
- General Catalyst Global Resilience MergerGCGR0.2% of the fund
Added
Bought more of a stock they already held.
- Centuri HoldingsCTRI11.0% of the fund+24%
- OR RoyaltiesOR10.1% of the fund+49%
- DnowDNOW7.7% of the fund+9%
- StandardAeroSARO7.5% of the fund+71%
- American Electric PowerAEP7.4% of the fund+10%
- EntergyETR5.7% of the fund+18%
Cut
Sold some of their stake.
- Golar LNGGLNG9.0% of the fund-9%
- GFL EnvironmentalGFL4.9% of the fund-33%
- Smurfit WestrockSW3.9% of the fund-52%
- JabilJBL2.5% of the fund-76%
- Alamos GoldAGI2.3% of the fund-51%
- EvergyEVRG2.0% of the fund-5%
- Southwest Gas HoldingsSWX1.8% of the fund-28%
Sold out
Sold their entire stake.
- CMS EnergyCMS-100%
- Kodiak Gas ServicesKGS-100%
Holdings
- OR RoyaltiesOR
- Share
- 10.1%
- Value
- $61m
- Shares
- 1,923,700
+49%
- GFL EnvironmentalGFL
- Share
- 4.9%
- Value
- $30m
- Shares
- 811,300
-33%
- Alamos GoldAGI
- Share
- 2.3%
- Value
- $14m
- Shares
- 453,700
-51%
- Hennessy Capital Investment Corp. VIIHVII
- Share
- 2.1%
- Value
- $13m
- Shares
- 1,222,740
Held
- Metals Acquisition Corp IIMTAL-U
- Share
- 1.6%
- Value
- $10m
- Shares
- 900,000
Held
- Berto AcquisitionTACO
- Share
- 1.6%
- Value
- $9m
- Shares
- 897,745
Held
- Infinite Eagle AcquisitionIEAG
- Share
- 1.0%
- Value
- $6m
- Shares
- 600,000
Held
- EGH AcquisitionEGHA
- Share
- 0.8%
- Value
- $5m
- Shares
- 487,810
Held
- Churchill Capital Corp IX
- Share
- 0.5%
- Value
- $3m
- Shares
- 280,938
Held
- Irenic AcquisitionIACQ
- Share
- 0.5%
- Value
- $3m
- Shares
- 300,000
New
- Ares Acquisition Corp IIIAAC-U
- Share
- 0.5%
- Value
- $3m
- Shares
- 300,000
New
- Agriculture & NAT SOL ACQ
- Share
- 0.5%
- Value
- $3m
- Shares
- 250,000
New
- General Catalyst Global Resilience MergerGCGR
- Share
- 0.2%
- Value
- $1m
- Shares
- 100,000
New
- Safeguard AcquisitionSAC
- Share
- 0.2%
- Value
- $1m
- Shares
- 100,000
Held
- General Purpose AcquisitionGPAC
- Share
- 0.2%
- Value
- $1m
- Shares
- 100,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Centuri HoldingsCTRI | 11.0% | $66m | 2,196,660 | +24% |
| OR RoyaltiesOR | 10.1% | $61m | 1,923,700 | +49% |
| Golar LNGGLNG | 9.0% | $55m | 1,097,502 | -9% |
| DnowDNOW | 7.7% | $47m | 3,607,059 | +9% |
| StandardAeroSARO | 7.5% | $46m | 1,521,900 | +71% |
| American Electric PowerAEP | 7.4% | $45m | 328,923 | +10% |
| EntergyETR | 5.7% | $34m | 300,000 | +18% |
| Amazon.comAMZN | 5.6% | $34m | 143,200 | New |
| GFL EnvironmentalGFL | 4.9% | $30m | 811,300 | -33% |
| PPLPPL | 4.5% | $27m | 746,800 | Held |
| Smurfit WestrockSW | 3.9% | $24m | 515,100 | -52% |
| JabilJBL | 2.5% | $15m | 38,627 | -76% |
| Alamos GoldAGI | 2.3% | $14m | 453,700 | -51% |
| Black HillsBKH | 2.2% | $13m | 178,800 | New |
| Hennessy Capital Investment Corp. VIIHVII | 2.1% | $13m | 1,222,740 | Held |
| EvergyEVRG | 2.0% | $12m | 141,100 | -5% |
| Southwest Gas HoldingsSWX | 1.8% | $11m | 120,146 | -28% |
| Metals Acquisition Corp IIMTAL-U | 1.6% | $10m | 900,000 | Held |
| Berto AcquisitionTACO | 1.6% | $9m | 897,745 | Held |
| Fidelity National Information ServicesFIS | 1.5% | $9m | 237,925 | Held |
| Infinite Eagle AcquisitionIEAG | 1.0% | $6m | 600,000 | Held |
| EGH AcquisitionEGHA | 0.8% | $5m | 487,810 | Held |
| Amentum HoldingsAMTM | 0.6% | $4m | 186,200 | New |
| Churchill Capital Corp IX | 0.5% | $3m | 280,938 | Held |
| Irenic AcquisitionIACQ | 0.5% | $3m | 300,000 | New |
| Ares Acquisition Corp IIIAAC-U | 0.5% | $3m | 300,000 | New |
| Agriculture & NAT SOL ACQ | 0.5% | $3m | 250,000 | New |
| General Catalyst Global Resilience MergerGCGR | 0.2% | $1m | 100,000 | New |
| Safeguard AcquisitionSAC | 0.2% | $1m | 100,000 | Held |
| General Purpose AcquisitionGPAC | 0.2% | $1m | 100,000 | Held |
| Churchill Capital Corp XICCXI | <0.1% | $406,800 | 22,500 | Held |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 4.2% since 31 December 2025.
Where the money is
Utilities41.6%
Industrials24.4%
Materials16.3%
Financial services5.9%
Retail & consumer5.6%
Technology3.1%
Other3.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.