Varde Management, L.P. Quant / Systematic

CIK: 0001559130 · Show all filings

Period: Q3 2014 (← Previous) (Next →)

Filing Date: Nov 6, 2014

Total Value ($000): $105,584 (100.0% shares, 0.0% debt)

Holdings (11)

— ROYAL BK SCOTLAND GROUP PLC 29.0%

Value ($000) $30,605 Shares 1,320,919 Est. Cost $23.13 Unrealized —

ALLY ALLY FINL INC 21.7%

Value ($000) $22,930 Shares 990,927 Est. Cost $18.25 Unrealized 0.0%

PSEC PROSPECT CAPITAL CORPORATION 13.6%

Value ($000) $14,355 Shares 1,450,000 Est. Cost $2.48 Unrealized +4.7%

— MEDLEY CAP CORP 9.6%

Value ($000) $10,108 Shares 855,958 Est. Cost $13.06 Unrealized —

ARCC ARES CAP CORP 9.2%

Value ($000) $9,696 Shares 600,000 Est. Cost $5.65 Unrealized +0.6%

— THL CR INC 4.8%

Value ($000) $5,103 Shares 395,601 Est. Cost $14.00 Unrealized —

SLRC SOLAR CAP LTD 4.7%

Value ($000) $4,924 Shares 263,614 Est. Cost $7.28 Unrealized -3.9%

— COMMUNITYONE BANCORP 3.9%

Value ($000) $4,105 Shares 465,503 Est. Cost $9.70 Unrealized —

— ROYAL BK SCOTLAND GROUP PLC 2.9%

Value ($000) $3,103 Shares 130,254 Est. Cost $23.61 Unrealized —

— ARCH COAL INC 0.6%

Value ($000) $599 Shares 4,650 Est. Cost — Unrealized —

AAL AMERICAN AIRLS GROUP INC 0.1%

Value ($000) $56 Shares 1,593 Est. Cost $37.15 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ROYAL BK SCOTLAND GROUP PLC	1,320,919	$30,605	29.0%	$23.13	—	SP ADR L RP PF	780097788
ALLY	ALLY FINL INC	990,927	$22,930	21.7%	$18.25	0.0%	COM	02005N100
PSEC	PROSPECT CAPITAL CORPORATION	1,450,000	$14,355	13.6%	$2.48	+4.7%	COM	74348T102
—	MEDLEY CAP CORP	855,958	$10,108	9.6%	$13.06	—	COM	58503F106
ARCC	ARES CAP CORP	600,000	$9,696	9.2%	$5.65	+0.6%	COM	04010L103
—	THL CR INC	395,601	$5,103	4.8%	$14.00	—	COM	872438106
SLRC	SOLAR CAP LTD	263,614	$4,924	4.7%	$7.28	-3.9%	COM	83413U100
—	COMMUNITYONE BANCORP	465,503	$4,105	3.9%	$9.70	—	COM	20416Q108
—	ROYAL BK SCOTLAND GROUP PLC	130,254	$3,103	2.9%	$23.61	—	ADR PREF SHS R	780097747
—	ARCH COAL INC	4,650	$599	0.6%	—	—	Put	039380950
AAL	AMERICAN AIRLS GROUP INC	1,593	$56	0.1%	$37.15	0.0%	COM	02376R102