Filed: 5/12/2023ACC: 0000950123-23-004584
📋 What this filing means
VARDE MANAGEMENT, L.P. filed this quarterly 13F‑HR report disclosing 7 equity positions with a total reported market value of $137.65M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
7
Positions
$137.65M
Total AUM (reported)
117.72M
Total Shares
Allocation by class
NOTE 0.000% 02/01/26$59.98M43.6%
COM$40.16M29.2%
NOTE 0.500% 02/01/27$30.26M22.0%
COM SHS$6.99M5.1%
PUT 4 06/16/23$255.9K0.2%
PUT 5 06/16/23$6.0K0.0%
Portfolio Concentration
Top 3$116.31M84.5%
4–10$21.34M15.5%
Top 3 weight
84.5%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 117.72M
Sole
Full voting authority
117.72M
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)
Sole7
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings7
Rows:
VNET Group Inc
SOLEShares76.16M
TypePRN
Market value$59.98M
43.57%
Sole
76.16M
Shared
0.00
None
0.00
Nio Inc
SOLEShares38.06M
TypePRN
Market value$30.26M
21.98%
Sole
38.06M
Shared
0.00
None
0.00
VICI Pptys Inc
SOLEShares799.24K
TypeSH
Market value$26.07M
18.94%
Sole
799.24K
Shared
0.00
None
0.00
OneMain Hlgs Inc
SOLEShares380.03K
TypeSH
Market value$14.09M
10.24%
Sole
380.03K
Shared
0.00
None
0.00
Ashford Hospitality Tr Inc
SOLEShares2.18M
TypeSH
Market value$6.99M
5.08%
Sole
2.18M
Shared
0.00
None
0.00
Carnival Corp
SOLEShares127.94K
TypeSH
Market value$255.9K
0.19%
Sole
127.94K
Shared
0.00
None
0.00
Norwegian Cruise Line Hldg L
SOLEShares5.95K
TypeSH
Market value$6.0K
<0.01%
Sole
5.95K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VNET Group IncSOLE | NOTE 0.000% 02/01/26 | 76.16M | PRN | $59.98M 43.57% | 76.16M | 0.00 | 0.00 |
Nio IncSOLE | NOTE 0.500% 02/01/27 | 38.06M | PRN | $30.26M 21.98% | 38.06M | 0.00 | 0.00 |
VICI Pptys IncSOLE | COM | 799.24K | SH | $26.07M 18.94% | 799.24K | 0.00 | 0.00 |
OneMain Hlgs IncSOLE | COM | 380.03K | SH | $14.09M 10.24% | 380.03K | 0.00 | 0.00 |
Ashford Hospitality Tr IncSOLE | COM SHS | 2.18M | SH | $6.99M 5.08% | 2.18M | 0.00 | 0.00 |
Carnival CorpSOLE | PUT 4 06/16/23 | 127.94K | SH | $255.9K 0.19% | 127.94K | 0.00 | 0.00 |
Norwegian Cruise Line Hldg LSOLE | PUT 5 06/16/23 | 5.95K | SH | $6.0K <0.01% | 5.95K | 0.00 | 0.00 |