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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
-0.14%
1 Year Est. Return
+187.6%
3 Year Est. Return
+148.6%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$138M
AUM Growth
-$105M
Cap. Flow
-$138M
Cap. Flow %
-100.03%
Top 10 Hldgs %
100%
Holding
9
New
–
Increased
–
Reduced
3
Closed
3
Avg Time Held Equity + Options
5.3 quarters
Top 10 Avg Time Held Equity + Options
3.7 quarters
Top 20 Avg Time Held Equity + Options
3.7 quarters
Avg Time Held Equity only
7.5 quarters
Top 10 Avg Time Held Equity only
5 quarters
Top 20 Avg Time Held Equity only
5 quarters

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 Miscellaneous 65.75%
2 Real Estate 24.02%
3 Financials 10.24%
4 Energy 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
VICI icon
1
VICI Properties
VICI
$25.2B
$26.1M 18.94%
799,240
-250,000
-24% -$8.27M
2021 Q4
5 quarters
OMF icon
2
OneMain Financial
OMF
$6.45B
$14.1M 10.24%
380,034
-609,590
-62% -$24.5M
2019 Q1
16 quarters
AHT
3
Ashford Hospitality Trust
AHT
$14M
$6.99M 5.08%
217,645
– –
2021 Q4
5 quarters
CCL icon
4
PUT
Carnival Corporation Ltd
CCL
$35.4B
$256K 0.19%
127,937
– –
2022 Q4
1 quarter
NCLH icon
5
PUT
Norwegian Cruise Line
NCLH
$7.15B
$5.95K ﹤0.01%
5,952
-25,985
-81% -$389K
2022 Q4
1 quarter
RCL icon
6
PUT
Royal Caribbean
RCL
$75.5B
– –
-2,732
Closed -$24.6K –
SDRL icon
7
Seadrill
SDRL
$2.89B
– –
-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 Miscellaneous at 66% of assets, up from 60% a quarter earlier, followed by Real Estate and Financials.

  • 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.