Filed: 11/9/2022ACC: 0000950123-22-011272
📋 What this filing means
VARDE MANAGEMENT, L.P. filed this quarterly 13F‑HR report disclosing 14 equity positions with a total reported market value of $347.1K. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
14
Positions
$347.1K
Total AUM (reported)
234.53M
Total Shares
Allocation by class
COM$155.9K44.9%
NOTE 4.000% 12/15/26$61.5K17.7%
NOTE 0.000% 02/01/26$59.3K17.1%
NOTE 0.500% 02/01/27$42.1K12.1%
COM SHS$14.8K4.3%
NOTE 2.000% 04/01/25$7.6K2.2%
PUT 6 03/17/23$5.8K1.7%
Portfolio Concentration
Top 3$212.0K61.1%
4–10$122.4K35.3%
11–25$12.7K3.7%
Top 3 weight
61.1%
Top 10 weight
96.3%
Voting Authority Distribution
Total shares with voting rights: 234.53M
Sole
Full voting authority
234.53M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole14
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings14
Rows:
VICI Pptys Inc
SOLEShares3.11M
TypeSH
Market value$92.9K
26.78%
Sole
3.11M
Shared
0.00
None
0.00
IQIYI Inc
SOLEShares92.32M
TypePRN
Market value$61.5K
17.73%
Sole
92.32M
Shared
0.00
None
0.00
VNET Group Inc
SOLEShares68.66M
TypePRN
Market value$57.5K
16.57%
Sole
68.66M
Shared
0.00
None
0.00
Nio Inc
SOLEShares55.28M
TypePRN
Market value$42.1K
12.13%
Sole
55.28M
Shared
0.00
None
0.00
OneMain Hlgs Inc
SOLEShares989.62K
TypeSH
Market value$29.2K
8.42%
Sole
989.62K
Shared
0.00
None
0.00
Ashford Hospitality Tr Inc
SOLEShares2.18M
TypeSH
Market value$14.8K
4.27%
Sole
2.18M
Shared
0.00
None
0.00
KB Home
SOLEShares428.89K
TypeSH
Market value$11.1K
3.20%
Sole
428.89K
Shared
0.00
None
0.00
Meritage Homes Corp
SOLEShares137.60K
TypeSH
Market value$9.7K
2.79%
Sole
137.60K
Shared
0.00
None
0.00
Tri Pointe Homes Inc
SOLEShares518K
TypeSH
Market value$7.8K
2.26%
Sole
518K
Shared
0.00
None
0.00
IQIYI Inc
SOLEShares8.70M
TypePRN
Market value$7.6K
2.19%
Sole
8.70M
Shared
0.00
None
0.00
Carnival Corp
SOLEShares52.32K
TypeSH
Market value$5.8K
1.67%
Sole
52.32K
Shared
0.00
None
0.00
M D C Hldgs Inc
SOLEShares98.46K
TypeSH
Market value$2.7K
0.78%
Sole
98.46K
Shared
0.00
None
0.00
Century Cmntys Inc
SOLEShares57.53K
TypeSH
Market value$2.5K
0.71%
Sole
57.53K
Shared
0.00
None
0.00
Nio Inc
SOLEShares2M
TypePRN
Market value$1.8K
0.50%
Sole
2M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VICI Pptys IncSOLE | COM | 3.11M | SH | $92.9K 26.78% | 3.11M | 0.00 | 0.00 |
IQIYI IncSOLE | NOTE 4.000% 12/15/26 | 92.32M | PRN | $61.5K 17.73% | 92.32M | 0.00 | 0.00 |
VNET Group IncSOLE | NOTE 0.000% 02/01/26 | 68.66M | PRN | $57.5K 16.57% | 68.66M | 0.00 | 0.00 |
Nio IncSOLE | NOTE 0.500% 02/01/27 | 55.28M | PRN | $42.1K 12.13% | 55.28M | 0.00 | 0.00 |
OneMain Hlgs IncSOLE | COM | 989.62K | SH | $29.2K 8.42% | 989.62K | 0.00 | 0.00 |
Ashford Hospitality Tr IncSOLE | COM SHS | 2.18M | SH | $14.8K 4.27% | 2.18M | 0.00 | 0.00 |
KB HomeSOLE | COM | 428.89K | SH | $11.1K 3.20% | 428.89K | 0.00 | 0.00 |
Meritage Homes CorpSOLE | COM | 137.60K | SH | $9.7K 2.79% | 137.60K | 0.00 | 0.00 |
Tri Pointe Homes IncSOLE | COM | 518K | SH | $7.8K 2.26% | 518K | 0.00 | 0.00 |
IQIYI IncSOLE | NOTE 2.000% 04/01/25 | 8.70M | PRN | $7.6K 2.19% | 8.70M | 0.00 | 0.00 |
Carnival CorpSOLE | PUT 6 03/17/23 | 52.32K | SH | $5.8K 1.67% | 52.32K | 0.00 | 0.00 |
M D C Hldgs IncSOLE | COM | 98.46K | SH | $2.7K 0.78% | 98.46K | 0.00 | 0.00 |
Century Cmntys IncSOLE | COM | 57.53K | SH | $2.5K 0.71% | 57.53K | 0.00 | 0.00 |
Nio IncSOLE | NOTE 0.000% 02/01/26 | 2M | PRN | $1.8K 0.50% | 2M | 0.00 | 0.00 |