Varde Management, L.P.
•CIK: 1559130•Filing: Q4 2025
**Varde Management, L.P.** is a focused, multi-strategy manager overseeing $37M in assets. The firm maintains a concentrated portfolio of three key positions, notably anchoring its exposure to SATS at $22.3M. Significant allocations are also directed toward USB-PQ ($14.3M) and AHT ($0.7M). This structure suggests a high-conviction, selective approach to generating alpha.
Total AUM
$37.4M
QoQ Performance
-50.2%
Positions
3
Top 10 Concentration
100.0%
Latest Filing
Q4 2025
Top Holdings Allocation
SATS
NBR
SATS59.7%
NBR38.3%
AHT2.0%
📈 Biggest Buys
SATS
EchoStar Corp
+47.6%
59.7% of portfolio
📉 Biggest Sells
NBR
Nabors Industries Ltd
-84.6%
38.3% of portfolio
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
↑1 increased
↓1 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023