Varde Management, L.P.

CIK 0001559130

Annualised vol

20.407053%

Beta

0.288376

HHI

3455.546166

Top-10 weight

100.0%

VaR 95%

1.528175%

VaR 99%

3.835316%

Max drawdown

42.708259%

Matched value

100.0%

Returns of reported holdings

Loading returns…

What the latest 13F shows bought and sold against the quarter before, by share count.

Ticker	Change	Shares now	Shares before	Share change %	Value now ($)
ZD	ADDED	624,028	534,028	16.85%	32,680,346
SGRY	ADDED	1,003,447	755,438	32.83%	16,857,910
ECHO	ADDED	159,400	147,400	8.14%	16,179,100
ZIP	ADDED	371,456	347,527	6.89%	1,392,960
DJT	NEW	8,500	-	-	1,309,000

Ticker	Change	Issuer	Class	CUSIP	Value ($)	Weight %	Shares
ZD	ADDED	Ziff Davis Inc	COM	48123V102	32,680,346	47.76	624028.0
SGRY	ADDED	Surgery Partners Inc	COM	86881A100	16,857,910	24.64	1003447.0
ECHO	ADDED	EchoStar Corp	CL A	278768106	16,179,100	23.65	159400.0
ZIP	ADDED	ZipRecruiter Inc	CL A	98980B103	1,392,960	2.04	371456.0
DJT	NEW	Trump Media & Technology Group Corp	COM	25400Q105	1,309,000	1.91	8500.0

Period	Filed	Value ($)	Positions	Vol %	Beta	Max DD %
2026-06-30	2026-08-14	68,419,316	5	20.407053	0.288376	42.708259
2026-03-31	2026-05-15	49,308,204	4	23.855744	0.360252	47.48672
2025-12-31	2026-02-12	37,421,807	3	33.905631	0.528271	62.695625
2025-09-30	2025-11-14	53,095,547	4	24.040026	0.267207	66.002384
2025-03-31	2025-05-15	142,717,798	4	10.204196	0.073946	37.425114
2024-12-31	2025-02-13	121,699,500	6	0.980612	0.005998	6.084569