Varde Management’s Western Copper and Gold WRN Stock Holding History

Varde Management’s Portfolio WRN Stock Details WRN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q1	$2.1M	Buy	+3,740,300	New	+$2.38M	0.54%	3
2017 Q3	$4.74M	Hold	4,071,000	–	–	100%	1
2017 Q2	$4.05M	Hold	4,071,000	–	–	15.66%	2
2017 Q1	$5.39M	Buy	4,071,000 +400,000	+11%	+$549K	26.51%	2
2016 Q4	$2.73M	Buy	+3,671,000	New	+$3.35M	2.37%	4

Other funds holding WRN

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

AII

AGF Investments Inc Toronto, Ontario, Canada $10.6B AUM 4.37% 1-Year Est. Return

RBC Europe London, United Kingdom $2.08B AUM 12.2% 1-Year Est. Return

OWIM

Old West Investment Management Los Angeles, California $923M AUM 112.31% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

AMG

Advisors Management Group La Crosse, Wisconsin $549M AUM 29.35% 1-Year Est. Return

FFG

Fortem Financial Group Palm Desert, California $399M AUM 47.19% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Varde Management's WRN Position: Q1 2019 in Review

Varde Management opened a new position in Western Copper and Gold (WRN) in Q1 2019: 3,740,300 shares worth $2.1M. The stake represents 0.54% of the portfolio and ranks #3 among its holdings. This is a return to the name: Varde Management previously reported a position in WRN as recently as Q3 2017.

Varde Management first reported a position in WRN in Q4 2016 and has held it in 5 quarters since. The position peaked at $5.39M in Q1 2017. 19 funds tracked by Wall St. Rank hold WRN as of Q1 2019.

Varde Management held 3,740,300 shares of Western Copper and Gold worth $2.1M as of Q1 2019.
Western Copper and Gold was a new Varde Management position in Q1 2019.
Western Copper and Gold made up 0.54% of Varde Management's portfolio in Q1 2019, its #3 holding.
Varde Management first reported a position in Western Copper and Gold in Q4 2016 and has held it in 5 quarters since.
Varde Management's Western Copper and Gold position peaked at $5.39M in Q1 2017.
19 funds tracked by Wall St. Rank held Western Copper and Gold as of Q1 2019.

Based on Varde Management's 13F filing for Q1 2019, filed 15 May 2019.