Verger Capital Management LLC Concentrated Active

CIK: 0001627417 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 2, 2026

Total Value ($000): $337,758 (100.0% shares, 0.0% debt)

Holdings (14)

Increased Positions (10)

ACWI ISHARES TR 25.8%

Value ($000) $87,164 (+15.0%) Shares 616,043 (+12.4%) Est. Cost $115.17 Unrealized —

SPY SPDR S&P 500 ETF TR 13.5%

Value ($000) $45,716 (+14.1%) Shares 67,039 (+11.5%) Est. Cost $482.75 Unrealized —

AGG ISHARES TR 19.4%

Value ($000) $65,481 (+7.2%) Shares 655,600 (+7.6%) Est. Cost $101.91 Unrealized —

IAU ISHARES GOLD TR 6.5%

Value ($000) $21,981 (+17.2%) Shares 270,798 (+5.1%) Est. Cost $42.56 Unrealized —

IXC ISHARES TR 7.1%

Value ($000) $24,142 (+13.1%) Shares 575,775 (+12.6%) Est. Cost $35.41 Unrealized —

EFA ISHARES TR 8.7%

Value ($000) $29,409 (+8.6%) Shares 306,248 (+5.6%) Est. Cost $70.11 Unrealized —

EEM ISHARES TR 4.1%

Value ($000) $13,865 (+8.0%) Shares 253,418 (+5.4%) Est. Cost $41.52 Unrealized —

GDX VANECK ETF TRUST 0.9%

Value ($000) $3,015 (+19.2%) Shares 35,147 (+6.2%) Est. Cost $47.04 Unrealized —

TIP ISHARES TR 3.3%

Value ($000) $11,290 (+1.7%) Shares 102,721 (+2.9%) Est. Cost $111.39 Unrealized —

IEI ISHARES TR 0.5%

Value ($000) $1,734 (+1.1%) Shares 14,530 (+1.2%) Est. Cost $116.38 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACWI	ISHARES TR	616,043 (+12.4%)	$87,164 (+15.0%)	25.8%	$115.17	—	MSCI ACWI ETF	464288257
SPY	SPDR S&P 500 ETF TR	67,039 (+11.5%)	$45,716 (+14.1%)	13.5%	$482.75	—	TR UNIT	78462F103
AGG	ISHARES TR	655,600 (+7.6%)	$65,481 (+7.2%)	19.4%	$101.91	—	CORE US AGGBD ET	464287226
IAU	ISHARES GOLD TR	270,798 (+5.1%)	$21,981 (+17.2%)	6.5%	$42.56	—	ISHARES NEW	464285204
IXC	ISHARES TR	575,775 (+12.6%)	$24,142 (+13.1%)	7.1%	$35.41	—	GLOBAL ENERG ETF	464287341
EFA	ISHARES TR	306,248 (+5.6%)	$29,409 (+8.6%)	8.7%	$70.11	—	MSCI EAFE ETF	464287465
EEM	ISHARES TR	253,418 (+5.4%)	$13,865 (+8.0%)	4.1%	$41.52	—	MSCI EMG MKT ETF	464287234
GDX	VANECK ETF TRUST	35,147 (+6.2%)	$3,015 (+19.2%)	0.9%	$47.04	—	GOLD MINERS ETF	92189F106
TIP	ISHARES TR	102,721 (+2.9%)	$11,290 (+1.7%)	3.3%	$111.39	—	TIPS BD ETF	464287176
IEI	ISHARES TR	14,530 (+1.2%)	$1,734 (+1.1%)	0.5%	$116.38	—	3 7 YR TREAS BD	464288661

Decreased Positions (2)

EWJ ISHARES INC 0.2%

Value ($000) $756 (-71.2%) Shares 9,360 (-71.4%) Est. Cost $64.61 Unrealized —

IVV ISHARES TR 9.2%

Value ($000) $31,058 (-0.0%) Shares 45,344 (-2.3%) Est. Cost $207.08 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	9,360 (-71.4%)	$756 (-71.2%)	0.2%	$64.61	—	MSCI JAPAN ETF	46434G822
IVV	ISHARES TR	45,344 (-2.3%)	$31,058 (-0.0%)	9.2%	$207.08	—	CORE S&P500 ETF	464287200

Unchanged Positions (2)

RSP INVESCO EXCHANGE TRADED FD T 0.5%

Value ($000) $1,659 Shares 8,661 Est. Cost $189.69 Unrealized —

IYW ISHARES TR 0.1%

Value ($000) $488 Shares 2,443 Est. Cost $130.71 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO EXCHANGE TRADED FD T	8,661	$1,659	0.5%	$189.69	—	S&P500 EQL WGT	46137V357
IYW	ISHARES TR	2,443	$488	0.1%	$130.71	—	U.S. TECH ETF	464287721