Varde Management, L.P. Quant / Systematic

CIK: 0001559130 · Show all filings

Period: Q2 2014 (Next →)

Filing Date: Aug 11, 2014

Total Value ($000): $104,594 (100.0% shares, 0.0% debt)

Holdings (13)

PSEC PROSPECT CAPITAL CORPORATION 14.7%

Value ($000) $15,406 Shares 1,450,000 Est. Cost $2.48 Unrealized 0.0%

— ROYAL BK SCOTLAND GROUP PLC 12.2%

Value ($000) $12,797 Shares 533,000 Est. Cost $24.01 Unrealized —

— ROYAL BK SCOTLAND GROUP PLC 11.6%

Value ($000) $12,141 Shares 526,164 Est. Cost $23.07 Unrealized —

— MEDLEY CAP CORP 10.7%

Value ($000) $11,178 Shares 855,958 Est. Cost $13.06 Unrealized —

ARCC ARES CAP CORP 10.2%

Value ($000) $10,716 Shares 600,000 Est. Cost $5.65 Unrealized 0.0%

— FIFTH STREET FINANCE CORP 9.7%

Value ($000) $10,174 Shares 1,035,055 Est. Cost $9.83 Unrealized —

— APOLLO INVT CORP 9.7%

Value ($000) $10,116 Shares 1,175,000 Est. Cost $8.61 Unrealized —

SLRC SOLAR CAP LTD 6.8%

Value ($000) $7,067 Shares 332,100 Est. Cost $7.28 Unrealized 0.0%

— THL CR INC 6.0%

Value ($000) $6,297 Shares 449,821 Est. Cost $14.00 Unrealized —

— COMMUNITYONE BANCORP 4.3%

Value ($000) $4,515 Shares 465,503 Est. Cost $9.70 Unrealized —

— ROYAL BK SCOTLAND GROUP PLC 2.9%

Value ($000) $3,075 Shares 130,254 Est. Cost $23.61 Unrealized —

— ROYAL BK SCOTLAND GROUP PLC 0.7%

Value ($000) $782 Shares 33,000 Est. Cost $23.70 Unrealized —

— ARCH COAL INC 0.3%

Value ($000) $330 Shares 4,650 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PSEC	PROSPECT CAPITAL CORPORATION	1,450,000	$15,406	14.7%	$2.48	0.0%	COM	74348T102
—	ROYAL BK SCOTLAND GROUP PLC	533,000	$12,797	12.2%	$24.01	—	ADR PREF SER N	780097770
—	ROYAL BK SCOTLAND GROUP PLC	526,164	$12,141	11.6%	$23.07	—	SP ADR L RP PF	780097788
—	MEDLEY CAP CORP	855,958	$11,178	10.7%	$13.06	—	COM	58503F106
ARCC	ARES CAP CORP	600,000	$10,716	10.2%	$5.65	0.0%	COM	04010L103
—	FIFTH STREET FINANCE CORP	1,035,055	$10,174	9.7%	$9.83	—	COM	31678A103
—	APOLLO INVT CORP	1,175,000	$10,116	9.7%	$8.61	—	COM	03761U106
SLRC	SOLAR CAP LTD	332,100	$7,067	6.8%	$7.28	0.0%	COM	83413U100
—	THL CR INC	449,821	$6,297	6.0%	$14.00	—	COM	872438106
—	COMMUNITYONE BANCORP	465,503	$4,515	4.3%	$9.70	—	COM	20416Q108
—	ROYAL BK SCOTLAND GROUP PLC	130,254	$3,075	2.9%	$23.61	—	ADR PREF SHS R	780097747
—	ROYAL BK SCOTLAND GROUP PLC	33,000	$782	0.7%	$23.70	—	ADR PFD SER P	780097762
—	ARCH COAL INC	4,650	$330	0.3%	—	—	Put	039380950