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VM

Varde Management Portfolio holdings

AUM $49.3M
1-Year Est. Return 87.64%
This Fund
S&P 500
This Quarter Est. Return
-5.05%
1 Year Est. Return
+87.64%
3 Year Est. Return
+108.1%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$166M
AUM Growth
-$2.59M
Cap. Flow
-$70.8M
Cap. Flow %
-42.57%
Top 10 Hldgs %
100%
Holding
7
New
–
Increased
1
Reduced
–
Closed
2

Top Buys

Rank Stock Value
1
OMF icon
OneMain Financial
OMF
+$28M

Top Sells

Rank Stock Value
1
SDRL icon
Seadrill
SDRL
+$3.96M
2
VAL icon
Valaris
VAL
+$3.34M

Sector Composition

Rank Sector Weight
1 Real Estate 28.41%
2 Financials 24.95%
3 Energy 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VICI icon
1
VICI Properties
VICI
$28.7B
$42M 25.28%
1,444,240
– –
OMF icon
2
OneMain Financial
OMF
$7.27B
$41.5M 24.95%
1,034,666
+654,632
+172% +$28M
AHT
3
Ashford Hospitality Trust
AHT
$20.7M
$5.2M 3.13%
217,645
– –
SDRL icon
4
Seadrill
SDRL
$2.92B
– –
-95,971
Closed -$3.96M
VAL icon
5
Valaris
VAL
$5.94B
– –
-53,000
Closed -$3.34M

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Varde Management's Q3 2023 Portfolio in Review

As of Q3 2023, Varde Management held 7 positions worth $166M, down 1.5% from $169M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Varde Management withdrew a net $70.8M in Q3 2023, closing 2 positions. Its most notable exit was Seadrill, an estimated $3.96M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 28% of assets, down from 32% a quarter earlier, followed by Financials and Energy.

Against the trend, Varde Management added an estimated $28M to OneMain Financial.

  • Varde Management added most to OneMain Financial in Q3 2023, an estimated $28M increase.
  • Varde Management fully exited Seadrill in Q3 2023, selling an estimated $3.96M.
  • Varde Management's ten largest holdings make up 100% of its $166M portfolio in Q3 2023.
  • Varde Management opened 0 new positions and closed 2 in Q3 2023.
  • Varde Management's portfolio value fell 1.5% quarter-over-quarter to $166M.

Based on Varde Management's 13F filing for Q3 2023, filed 14 Nov 2023.