Varde Management, L.P. Quant / Systematic

CIK: 0001559130 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 14, 2023

Total Value ($000): $168,849 (45.8% shares, 54.2% debt)

Holdings (7)

— VNET Group Inc 35.3%

Value ($000) $59,608 Shares 76,163,000 Est. Cost $0.78 Unrealized —

VICI VICI Pptys Inc 26.9%

Value ($000) $45,392 Shares 1,444,240 Est. Cost $25.14 Unrealized +9.8%

— Nio Inc 18.9%

Value ($000) $31,831 Shares 38,064,000 Est. Cost $0.81 Unrealized —

OMF OneMain Hlgs Inc 9.8%

Value ($000) $16,604 Shares 380,034 Est. Cost $30.95 Unrealized +26.1%

— Ashford Hospitality Tr Inc 4.8%

Value ($000) $8,118 Shares 2,176,453 Est. Cost $9.60 Unrealized —

SDRL Seadrill 2021 Ltd 2.3%

Value ($000) $3,961 Shares 95,971 Est. Cost $37.14 Unrealized 0.0%

VAL Valaris Limited 2.0%

Value ($000) $3,335 Shares 53,000 Est. Cost $60.28 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	VNET Group Inc	76,163,000	$59,608	35.3%	$0.78	—	NOTE 0.000% 02/01/26	90138VAB3
VICI	VICI Pptys Inc	1,444,240	$45,392	26.9%	$25.14	+9.8%	COM	925652109
—	Nio Inc	38,064,000	$31,831	18.9%	$0.81	—	NOTE 0.500% 02/01/27	62914VAF3
OMF	OneMain Hlgs Inc	380,034	$16,604	9.8%	$30.95	+26.1%	COM	68268W103
—	Ashford Hospitality Tr Inc	2,176,453	$8,118	4.8%	$9.60	—	COM SHS	044103869
SDRL	Seadrill 2021 Ltd	95,971	$3,961	2.3%	$37.14	0.0%	COM	G7997W102
VAL	Valaris Limited	53,000	$3,335	2.0%	$60.28	0.0%	CL A	G9460G101