Varde Management, L.P.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Varde Management, L.P. reported 4 stock positions worth $49.3 million. Its top holding was Ziff Davis (ZD) at 45.4% of the portfolio, followed by Echostar Class A (ECHO, 35.0%) and Surgery Partners (SGRY, 18.3%). Compared with Q4 2025, it opened 3 new positions, sold out of 2 and reduced 1. The biggest buy was a new position in Ziff Davis (ZD) and the biggest sale an exit from Nabors Industries (NBR).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001559130
- Portfolio Value
- $49.3M (Q1 2026)
- SEC Filing
- 0001193125-26-225680 ↗ filed May 15, 2026
Holdings Value
Holdings 4 stocks · $49.3M
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 4 | $67.1M | ZD, SGRY, ECHO, ZIP |
| Q1 2026 | 4 | $49.3M | ZD, ECHO, SGRY, ZIP |
| Q4 2025 | 3 | $37.4M | ECHO, NBR, AHT |
| Q3 2025 | 4 | $75.2M | NBR, ECHO, SVC, AHT |
| Q2 2025 | 4 | $75.5M | NBR, LTM, TDW, AHT |
| Q1 2025 | 4 | $142.7M | LTM, NBR, AHT, TDW |
| Q4 2024 | 5 | $118.8M | LTM, OMF, VAL, TDW, ASHFORD HOSPITALITY TR INC |
| Q3 2024 | 3 | $117.5M | LTM, OMF, ASHFORD HOSPITALITY TR INC |
| Q2 2024 | 2 | $30.4M | OMF, ASHFORD HOSPITALITY TR INC |
| Q1 2024 | 2 | $43.0M | OMF, ASHFORD HOSPITALITY TR INC |