Varde Management, L.P.
- SEC CIK
- 0001559130
- Latest filing
- Aug 14, 2026
Holdings in Q4 2022
Holdings as of Dec 31, 2022, filed Feb 13, 2023. Long positions only; changes compare share counts with Q3 2022.
- Positions
- 7
- −6 vs. Q3 2022
- Portfolio value
- $238.6M
- −$102.6M (−30.1%) vs. Q3 2022
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| iQIYI, Inc.46267XAE8 | NOTE 4.000%12/1 | – | $57.0M | 23.9% | – | – | – |
| VNET Group, Inc.90138VAB3 | NOTE 2/0 | 68,663,000 | $56.3M | 23.6% | – | – | – |
| VICIVici Properties Inc. | COM | 1,049,240 | $34.0M | 14.2% | −2,064,346−66.3% | Reduced | History |
| OMFOneMain Holdings, Inc. | COM | 989,624 | $33.0M | 13.8% | 00.0% | Unchanged | History |
| NIO Inc.62914VAF3 | NOTE 0.500% 2/0 | – | $28.9M | 12.1% | – | – | – |
| SDRLSEADRILL Ltd | COM | 607,000 | $19.7M | 8.3% | +607,000 | New | History |
| AHTAshford Hospitality Trust Inc | COM | 2,176,453 | $9.73M | 4.1% | 00.0% | Unchanged | History |
Options (3)
Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.
| Security | Class | Puts | Calls |
|---|---|---|---|
| Carnival Corp143658950 | PUT | $3.33M | – |
| Norwegian Cruise Line Hldg LG66721954 | PUT | $187.3K | – |
| Royal Caribbean GroupV7780T953 | COM | $24.6K | – |
Sold out since Q3 2022 (7)
Positions held at the end of Q3 2022 that are gone from this filing.
| Security | Class | Shares in Q3 2022 | Value in Q3 2022 | % of portfolio in Q3 2022 | History |
|---|---|---|---|---|---|
| KBHKB Home | COM | 428,891 | $11.1M | 3.3% | History |
| MTHMeritage Homes CORP | COM | 137,600 | $9.67M | 2.8% | History |
| TPHTri Pointe Homes, Inc. | COM | 518,000 | $7.83M | 2.3% | History |
| iQIYI, Inc.46267XAD0 | NOTE 2.000% 4/0 | – | $7.61M | 2.2% | – |
| MDCSekisui House U.S., Inc. | COM | 98,456 | $2.70M | 0.8% | History |
| CCSCentury Communities, Inc. | COM | 57,534 | $2.46M | 0.7% | History |
| NIO Inc.62914VAE6 | NOTE 2/0 | – | $1.75M | 0.5% | – |