Varde Management, L.P. Quant / Systematic

CIK: 0001559130 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 16, 2022

Total Value ($000): $382,438 (42.6% shares, 57.4% debt)

Holdings (14)

VICI VICI Pptys Inc 23.2%

Value ($000) $88,613 Shares 3,113,586 Est. Cost $23.15 Unrealized -2.0%

— IQIYI Inc 18.2%

Value ($000) $69,420 Shares 103,300,000 Est. Cost $0.72 Unrealized —

OMF OneMain Hlgs Inc 12.3%

Value ($000) $46,918 Shares 989,624 Est. Cost $30.95 Unrealized +61.1%

— Nio Inc 11.6%

Value ($000) $44,542 Shares 55,277,000 Est. Cost $0.81 Unrealized —

— VNET Group Inc 11.4%

Value ($000) $43,676 Shares 57,000,000 Est. Cost $0.77 Unrealized —

— Ashford Hospitality Tr Inc 6.5%

Value ($000) $24,827 Shares 2,434,064 Est. Cost $9.60 Unrealized —

— Pinduoduo Inc 6.2%

Value ($000) $23,860 Shares 27,250,000 Est. Cost $0.90 Unrealized —

— IQIYI Inc 6.0%

Value ($000) $23,008 Shares 30,000,000 Est. Cost $0.72 Unrealized —

— Block Inc 3.4%

Value ($000) $13,164 Shares 10,000,000 Est. Cost $1.32 Unrealized —

— Nio Inc 0.4%

Value ($000) $1,682 Shares 2,000,000 Est. Cost $0.84 Unrealized —

— Carnival Corp 0.4%

Value ($000) $1,379 Shares 47,904 Est. Cost — Unrealized —

— Bausch Health Cos Inc 0.2%

Value ($000) $677 Shares 9,760 Est. Cost — Unrealized —

— Norwegian Cruise Line Holdings Ltd 0.1%

Value ($000) $433 Shares 30,519 Est. Cost — Unrealized —

— American Airls Group Inc 0.1%

Value ($000) $239 Shares 87,782 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VICI	VICI Pptys Inc	3,113,586	$88,613	23.2%	$23.15	-2.0%	COM	925652109
—	IQIYI Inc	103,300,000	$69,420	18.2%	$0.72	—	NOTE 4.000% 12/15/26	46267XAE8
OMF	OneMain Hlgs Inc	989,624	$46,918	12.3%	$30.95	+61.1%	COM	68268W103
—	Nio Inc	55,277,000	$44,542	11.6%	$0.81	—	NOTE 0.500% 02/01/27	62914VAF3
—	VNET Group Inc	57,000,000	$43,676	11.4%	$0.77	—	NOTE 0.000% 02/01/26	90138VAB3
—	Ashford Hospitality Tr Inc	2,434,064	$24,827	6.5%	$9.60	—	COM SHS	044103869
—	Pinduoduo Inc	27,250,000	$23,860	6.2%	$0.90	—	NOTE 0.000% 12/01/25	722304AC6
—	IQIYI Inc	30,000,000	$23,008	6.0%	$0.72	—	NOTE 2.000% 04/01/25	46267XAD0
—	Block Inc	10,000,000	$13,164	3.4%	$1.32	—	NOTE 0.125% 03/01/25	852234AF0
—	Nio Inc	2,000,000	$1,682	0.4%	$0.84	—	NOTE 0.000% 02/01/26	62914VAE6
—	Carnival Corp	47,904	$1,379	0.4%	—	—	Put	143658950
—	Bausch Health Cos Inc	9,760	$677	0.2%	—	—	Put	071734957
—	Norwegian Cruise Line Holdings Ltd	30,519	$433	0.1%	—	—	Put	G66721954
—	American Airls Group Inc	87,782	$239	0.1%	—	—	Put	02376R952