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VM

Varde Management Portfolio holdings

AUM $68.4M
1-Year Est. Return 187.6%
This Fund
S&P 500
This Quarter Est. Return
+1.39%
1 Year Est. Return
+187.6%
3 Year Est. Return
+148.6%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$105M
AUM Growth
–
Cap. Flow
+$102M
Cap. Flow %
97.26%
Top 10 Hldgs %
96%
Holding
13
New
13
Increased
–
Reduced
–
Closed
–
Avg Time Held Equity + Options
0 quarters
Top 10 Avg Time Held Equity + Options
0 quarters
Top 20 Avg Time Held Equity + Options
0 quarters
Avg Time Held Equity only
0 quarters
Top 10 Avg Time Held Equity only
0 quarters
Top 20 Avg Time Held Equity only
0 quarters

Top Buys

Rank Stock Value
1
PSEC icon
Prospect Capital
PSEC
+$15.1M
2
RBS.PRN
ROYAL BK SCOTLAND GROUP PLC ADR RPTNG PFD SHRS SER N (UK)
RBS.PRN
+$12.5M
3
RBS.PRL.CL
Royal Bank Of Scotland Group Plc
RBS.PRL.CL
+$11.9M
4
PFX icon
PhenixFIN
PFX
+$11M
5
ARCC icon
Ares Capital
ARCC
+$10.3M

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Financials 72.15%
2 Miscellaneous 27.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
PSEC icon
1
Prospect Capital
PSEC
$918M
$15.4M 14.73%
+1,450,000
New +$15.1M
2014 Q2
0 quarters
RBS.PRN
2
DELISTED
ROYAL BK SCOTLAND GROUP PLC ADR RPTNG PFD SHRS SER N (UK)
RBS.PRN
$12.8M 12.23%
+533,000
New +$12.5M
2014 Q2
0 quarters
RBS.PRL.CL
3
DELISTED
Royal Bank Of Scotland Group Plc
RBS.PRL.CL
$12.1M 11.61%
+526,164
New +$11.9M
2014 Q2
0 quarters
PFX icon
4
PhenixFIN
PFX
$86.8M
$11.2M 10.69%
+42,798
New +$11M
2014 Q2
0 quarters
ARCC icon
5
Ares Capital
ARCC
$13.3B
$10.7M 10.25%
+600,000
New +$10.3M
2014 Q2
0 quarters
OCSL icon
6
Oaktree Specialty Lending
OCSL
$1.02B
$10.2M 9.73%
+345,018
New +$9.73M
2014 Q2
0 quarters
MFIC icon
7
MidCap Financial Investment
MFIC
$698M
$10.1M 9.67%
+391,667
New +$9.65M
2014 Q2
0 quarters
SLRC icon
8
SLR Investment Corp
SLRC
$620M
$7.07M 6.76%
+332,100
New +$7.09M
2014 Q2
0 quarters
FCRD
9
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
$6.3M 6.02%
+449,821
New +$6.07M
2014 Q2
0 quarters
COB
10
DELISTED
CommunityOne Bancorp
COB
$4.51M 4.32%
+465,503
New +$4.7M
2014 Q2
0 quarters
RBS.PRR
11
DELISTED
Royal Bank of Scotland Group Plc (The) ADR repstg USD Pfd Sh
RBS.PRR
$3.08M 2.94%
+130,254
New +$2.99M
2014 Q2
0 quarters
RBS.PRP
12
DELISTED
Royal Bank of Scotland Group Plc (The) ADR representing Pref
RBS.PRP
$782K 0.75%
+33,000
New +$762K
2014 Q2
0 quarters
ACI
13
PUT
DELISTED
ARCH COAL, INC.
ACI
$330K 0.32%
+465
New +$19.3K
2014 Q2
0 quarters

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Varde Management's Q2 2014 Portfolio in Review

Q2 2014 is the first quarter with a 13F filing on record for Varde Management, which disclosed 13 positions worth $105M. Its ten largest holdings account for 96% of the portfolio.

Its largest position is Prospect Capital: 1,450,000 shares worth $15.4M.

By sector, the portfolio is most concentrated in Financials at 72% of assets, followed by Miscellaneous.

  • Varde Management's largest Q2 2014 buy was Prospect Capital: 1,450,000 shares worth $15.4M.
  • Varde Management's ten largest holdings make up 96% of its $105M portfolio in Q2 2014.
  • Varde Management disclosed 13 positions in Q2 2014, its first 13F filing on record.

Based on Varde Management's 13F filing for Q2 2014, filed 11 Aug 2014.