Filed: 11/14/2025ACC: 0001193125-25-282131
📋 What this filing means
VARDE MANAGEMENT, L.P. filed this quarterly 13F‑HR report disclosing 4 equity positions with a total reported market value of $75.21M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
4
Positions
$75.21M
Total AUM (reported)
3.40M
Total Shares
Allocation by class
COM$59.77M79.5%
CL A$10.63M14.1%
COM SH BEN INT$3.70M4.9%
COM NEW$1.12M1.5%
Portfolio Concentration
Top 3$74.09M98.5%
4–10$1.12M1.5%
Top 3 weight
98.5%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 3.40M
Sole
Full voting authority
3.40M
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)
Sole4
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings4
Rows:
Nabors Industries Ltd
SOLEShares1.72M
TypeSH
Market value$59.77M
79.47%
Sole
1.72M
Shared
0.00
None
0.00
EchoStar Corp
SOLEShares139.20K
TypeSH
Market value$10.63M
14.13%
Sole
139.20K
Shared
0.00
None
0.00
Service Pptys Tr
SOLEShares1.36M
TypeSH
Market value$3.70M
4.91%
Sole
1.36M
Shared
0.00
None
0.00
Ashford Hospitality Tr Inc
SOLEShares175.51K
TypeSH
Market value$1.12M
1.48%
Sole
175.51K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Nabors Industries LtdSOLE | COM | 1.72M | SH | $59.77M 79.47% | 1.72M | 0.00 | 0.00 |
EchoStar CorpSOLE | CL A | 139.20K | SH | $10.63M 14.13% | 139.20K | 0.00 | 0.00 |
Service Pptys TrSOLE | COM SH BEN INT | 1.36M | SH | $3.70M 4.91% | 1.36M | 0.00 | 0.00 |
Ashford Hospitality Tr IncSOLE | COM NEW | 175.51K | SH | $1.12M 1.48% | 175.51K | 0.00 | 0.00 |