Varde Management’s LATAM Airlines Group S.A. LTM Stock Holding History

Varde Management’s Portfolio LTM Stock Details LTM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-303,036	Closed	-$13.1M	–	6
2025 Q2	$13.1M	Sell	303,036 -2,532,624	-89%	-$87.7M	17.43%	2
2025 Q1	$89.2M	Sell	2,835,660 -698,198	-20%	-$21.3M	62.49%	1
2024 Q4	$97.5M	Hold	3,533,858	–	–	80.09%	1
2024 Q3	$93.3M	Buy	+3,533,858	New	+$88.1M	79.46%	1

Other funds holding LTM

OPAM

Olympus Peak Asset Management Greenwich, Connecticut $27.1M AUM 43.38% 1-Year Est. Return

Newport Trust Company Washington, District of Columbia $41.5B AUM 16.76% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $225B AUM 49.49% 1-Year Est. Return

Jane Street New York $1.21T AUM 78.12% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

BGM

Burkehill Global Management New York $2.77B AUM 65.75% 1-Year Est. Return

SGDR

SPX Gestao de Recursos Rio De Janeiro, Brazil $898M AUM 45.5% 1-Year Est. Return

GCM

Ghisallo Capital Management Boston, Massachusetts $5.1B AUM 39.13% 1-Year Est. Return

Varde Management's LTM Position: Q3 2025 in Review

Varde Management sold out of LATAM Airlines Group S.A. (LTM) in Q3 2025, closing a stake of 303,036 shares — an estimated $13.1M sold.

Varde Management first reported a position in LTM in Q3 2024 and held it in 4 quarters. The position peaked at $97.5M in Q4 2024. 114 funds tracked by Wall St. Rank hold LTM as of Q3 2025.

Varde Management reported no remaining LATAM Airlines Group S.A. position as of Q3 2025 after selling out during the quarter.
Varde Management sold 303,036 LATAM Airlines Group S.A. shares in Q3 2025, an estimated $13.1M.
Varde Management first reported a position in LATAM Airlines Group S.A. in Q3 2024 and held it in 4 quarters.
Varde Management's LATAM Airlines Group S.A. position peaked at $97.5M in Q4 2024.
114 funds tracked by Wall St. Rank held LATAM Airlines Group S.A. as of Q3 2025.

Based on Varde Management's 13F filing for Q3 2025, filed 14 Nov 2025.