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Varde Management Portfolio holdings

AUM $49.3M
1-Year Est. Return 87.64%
This Fund
S&P 500
This Quarter Est. Return
-0.14%
1 Year Est. Return
+87.64%
3 Year Est. Return
+108.1%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$138M
AUM Growth
-$105M
Cap. Flow
-$138M
Cap. Flow %
-100.33%
Top 10 Hldgs %
100%
Holding
9
New
–
Increased
–
Reduced
3
Closed
3

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
OMF icon
OneMain Financial
OMF
+$24.5M
2
SDRL icon
Seadrill
SDRL
+$19.7M
3
VICI icon
VICI Properties
VICI
+$8.27M

Sector Composition

Rank Sector Weight
1 Real Estate 24.02%
2 Financials 10.24%
3 Energy 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VICI icon
1
VICI Properties
VICI
$28.7B
$26.1M 18.94%
799,240
-250,000
-24% -$8.27M
OMF icon
2
OneMain Financial
OMF
$7.27B
$14.1M 10.24%
380,034
-609,590
-62% -$24.5M
AHT
3
Ashford Hospitality Trust
AHT
$20.7M
$6.99M 5.08%
217,645
– –
CCL icon
4
PUT
Carnival Corporation Ltd
CCL
$38B
$256K 0.19%
127,937
– –
NCLH icon
5
PUT
Norwegian Cruise Line
NCLH
$8.52B
$5.95K ﹤0.01%
5,952
-25,985
-81% -$389K
RCL icon
6
PUT
Royal Caribbean
RCL
$82.4B
– –
-2,732
Closed -$24.6K
SDRL icon
7
Seadrill
SDRL
$2.92B
– –
-607,000
Closed -$19.7M

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Varde Management's Q1 2023 Portfolio in Review

As of Q1 2023, Varde Management held 9 positions worth $138M, down 43% from $242M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Varde Management withdrew a net $138M in Q1 2023, closing 3 positions and reducing 3 holdings. Its most notable exit was Seadrill, an estimated $19.7M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 24% of assets, up from 18% a quarter earlier, followed by Financials and Energy.

  • Varde Management's biggest Q1 2023 reduction was OneMain Financial, cutting an estimated $24.5M.
  • Varde Management fully exited Seadrill in Q1 2023, selling an estimated $19.7M.
  • Varde Management's ten largest holdings make up 100% of its $138M portfolio in Q1 2023.
  • Varde Management opened 0 new positions and closed 3 in Q1 2023.
  • Varde Management's portfolio value fell 43% quarter-over-quarter to $138M.

Based on Varde Management's 13F filing for Q1 2023, filed 12 May 2023.