Filed: 8/14/2023ACC: 0000950123-23-008026
📋 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 $168.85M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
7
Positions
$168.85M
Total AUM (reported)
118.38M
Total Shares
Allocation by class
COM$65.96M39.1%
NOTE 0.000% 02/01/26$59.61M35.3%
NOTE 0.500% 02/01/27$31.83M18.9%
COM SHS$8.12M4.8%
CL A$3.34M2.0%
Portfolio Concentration
Top 3$136.83M81.0%
4–10$32.02M19.0%
Top 3 weight
81.0%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 117.73M
Sole
Full voting authority
117.73M
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$59.61M
35.30%
Sole
76.16M
Shared
0.00
None
0.00
VICI Pptys Inc
SOLEShares1.44M
TypeSH
Market value$45.39M
26.88%
Sole
799.24K
Shared
0.00
None
0.00
Nio Inc
SOLEShares38.06M
TypePRN
Market value$31.83M
18.85%
Sole
38.06M
Shared
0.00
None
0.00
OneMain Hlgs Inc
SOLEShares380.03K
TypeSH
Market value$16.60M
9.83%
Sole
380.03K
Shared
0.00
None
0.00
Ashford Hospitality Tr Inc
SOLEShares2.18M
TypeSH
Market value$8.12M
4.81%
Sole
2.18M
Shared
0.00
None
0.00
Seadrill 2021 Ltd
SOLEShares95.97K
TypeSH
Market value$3.96M
2.35%
Sole
95.97K
Shared
0.00
None
0.00
Valaris Limited
SOLEShares53K
TypeSH
Market value$3.34M
1.98%
Sole
53K
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 | $59.61M 35.30% | 76.16M | 0.00 | 0.00 |
VICI Pptys IncSOLE | COM | 1.44M | SH | $45.39M 26.88% | 799.24K | 0.00 | 0.00 |
Nio IncSOLE | NOTE 0.500% 02/01/27 | 38.06M | PRN | $31.83M 18.85% | 38.06M | 0.00 | 0.00 |
OneMain Hlgs IncSOLE | COM | 380.03K | SH | $16.60M 9.83% | 380.03K | 0.00 | 0.00 |
Ashford Hospitality Tr IncSOLE | COM SHS | 2.18M | SH | $8.12M 4.81% | 2.18M | 0.00 | 0.00 |
Seadrill 2021 LtdSOLE | COM | 95.97K | SH | $3.96M 2.35% | 95.97K | 0.00 | 0.00 |
Valaris LimitedSOLE | CL A | 53K | SH | $3.34M 1.98% | 53K | 0.00 | 0.00 |