Varde Management, L.P. Quant / Systematic

CIK: 0001559130 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 12, 2023

Total Value ($000): $137,650 (34.4% shares, 65.6% debt)

Holdings (7)

— VNET Group Inc 43.6%

Value ($000) $59,978 Shares 76,163,000 Est. Cost $0.78 Unrealized —

— Nio Inc 22.0%

Value ($000) $30,261 Shares 38,064,000 Est. Cost $0.81 Unrealized —

VICI VICI Pptys Inc 18.9%

Value ($000) $26,071 Shares 799,240 Est. Cost $23.15 Unrealized +21.4%

OMF OneMain Hlgs Inc 10.2%

Value ($000) $14,092 Shares 380,034 Est. Cost $30.95 Unrealized +29.9%

— Ashford Hospitality Tr Inc 5.1%

Value ($000) $6,986 Shares 2,176,453 Est. Cost $9.60 Unrealized —

— Carnival Corp 0.2%

Value ($000) $256 Shares 127,937 Est. Cost — Unrealized —

— Norwegian Cruise Line Hldg L 0.0%

Value ($000) $6 Shares 5,952 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	VNET Group Inc	76,163,000	$59,978	43.6%	$0.78	—	NOTE 0.000% 02/01/26	90138VAB3
—	Nio Inc	38,064,000	$30,261	22.0%	$0.81	—	NOTE 0.500% 02/01/27	62914VAF3
VICI	VICI Pptys Inc	799,240	$26,071	18.9%	$23.15	+21.4%	COM	925652109
OMF	OneMain Hlgs Inc	380,034	$14,092	10.2%	$30.95	+29.9%	COM	68268W103
—	Ashford Hospitality Tr Inc	2,176,453	$6,986	5.1%	$9.60	—	COM SHS	044103869
—	Carnival Corp	127,937	$256	0.2%	—	—	Put	143658950
—	Norwegian Cruise Line Hldg L	5,952	$6	0.0%	—	—	Put	G66721954