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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
-3.87%
1 Year Est. Return
+187.6%
3 Year Est. Return
+148.6%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$388M
AUM Growth
+$5.55M
(+1.5%)
Cap. Flow
-$141M
Cap. Flow
% of AUM
-36.42%
Top 10 Holdings %
Top 10 Hldgs %
93.63%
Holding
19
New
7
Increased
2
Reduced
1
Closed
1
Avg Time Held Equity + Options
1.5
quarters
Top 10 Avg Time Held Equity + Options
1.3
quarters
Top 20 Avg Time Held Equity + Options
0.9
quarters
Avg Time Held Equity only
1.8
quarters
Top 10 Avg Time Held Equity only
1.3
quarters
Top 20 Avg Time Held Equity only
1.1
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meritage Homes
MTH
|
+$14.2M |
| 2 |
KB Home
KBH
|
+$10.2M |
| 3 |
TPH
Tri Pointe Homes
TPH
|
+$10.2M |
| 4 |
MDC
M.D.C. Holdings, Inc.
MDC
|
+$3.52M |
| 5 |
Century Communities
CCS
|
+$2.91M |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 53.39% |
| 2 | Real Estate | 28.32% |
| 3 | Financials | 9.53% |
| 4 | Consumer Discretionary | 8.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
VICI Properties
VICI
$25.2B
| $92.8M | 23.91% |
3,113,586
| – | – |
2021 Q4
2 quarters
|
|
2
OneMain Financial
OMF
$6.45B
| $37M | 9.53% |
989,624
| – | – |
2019 Q1
13 quarters
|
|
3
PUT
Carnival Corporation Ltd
CCL
$35.4B
| $18M | 4.64% |
193,500
+145,596
| +304% | +$2.14M |
2022 Q1
1 quarter
|
|
|
AHT
4
Ashford Hospitality Trust
AHT
$14M
| $14.6M | 3.75% |
243,406
| – | – |
2021 Q4
2 quarters
|
|
|
5
Meritage Homes
MTH
$3.83B
| $12.9M | 3.33% |
+356,600
| New | +$14.2M |
2022 Q2
0 quarters
|
|
|
6
KB Home
KBH
$2.62B
| $9.1M | 2.35% |
+319,891
| New | +$10.2M |
2022 Q2
0 quarters
|
|
|
TPH
7
DELISTED
Tri Pointe Homes
TPH
| $8.74M | 2.25% |
+518,000
| New | +$10.2M |
2022 Q2
0 quarters
|
|
8
PUT
Norwegian Cruise Line
NCLH
$7.15B
| $3.44M | 0.89% |
66,113
+35,594
| +117% | +$597K |
2022 Q1
1 quarter
|
|
|
MDC
9
DELISTED
M.D.C. Holdings, Inc.
MDC
| $3.18M | 0.82% |
+98,456
| New | +$3.52M |
2022 Q2
0 quarters
|
|
10
PUT
American Airlines Group
AAL
$8.45B
| $2.86M | 0.74% |
45,455
-42,327
| -48% | -$705K |
2022 Q1
1 quarter
|
|
|
11
Century Communities
CCS
$1.58B
| $2.59M | 0.67% |
+57,534
| New | +$2.91M |
2022 Q2
0 quarters
|
|
12
PUT
Royal Caribbean
RCL
$75.5B
| $1.13M | 0.29% |
+11,793
| New | +$734K |
2022 Q2
0 quarters
|
|
13
PUT
United Airlines
UAL
$34.9B
| $1.11M | 0.29% |
+11,640
| New | +$511K |
2022 Q2
0 quarters
|
|
14
PUT
Bausch Health
BHC
$2.26B
| – | – |
-9,760
| Closed | -$677K | – |
|
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Varde Management's Q2 2022 Portfolio in Review
As of Q2 2022, Varde Management held 19 positions worth $388M, up 1.5% from $382M the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Varde Management withdrew a net $141M in Q2 2022, closing 1 position and reducing 1 holding.
By sector, the portfolio is most concentrated in Miscellaneous at 53% of assets, down from 58% a quarter earlier, followed by Real Estate and Financials.
Against the trend, Varde Management opened a new position in Meritage Homes worth $12.9M.
- Varde Management's largest Q2 2022 buy was Meritage Homes: 356,600 shares worth $12.9M.
- Varde Management's ten largest holdings make up 94% of its $388M portfolio in Q2 2022.
- Varde Management opened 7 new positions and closed 1 in Q2 2022.
- Varde Management's portfolio value rose 1.5% quarter-over-quarter to $388M.
Based on Varde Management's 13F filing for Q2 2022, filed 9 Aug 2022.