2026 Q1 Portfolio Activity
In 2026 Q1, Varde Management, L.P. maintained a portfolio of 6 distinct positions. The most significant new addition was Ziff Davis Inc, now representing 45.44% of the total fund value. Conversely, Varde Management, L.P. completely exited their position in Nabors Industries Ltd.
Position History
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Total Positions
6
Quarter
2026 Q1
Top Holding
ZD (45.4%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-6 of 6
Varde Management, L.P. Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
ZD
Ziff Davis Inc
|
Communication Services | 45.44% | — |
#1
Prev: #—
|
9.5 |
—
|
534,028 | — |
NEW
|
534,028 | $22,407,815 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SATS
EchoStar Corp
|
Communication Services | 35.00% | 59.66% |
#2
1
Prev: #1
|
5.5 |
—
|
-58,000 | -28.2% |
P
S
|
147,400 | $17,256,118 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SGRY
Surgery Partner...
|
Healthcare | 18.26% | — |
#3
Prev: #—
|
8.5 |
—
|
755,438 | — |
NEW
|
755,438 | $9,004,821 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ZIP
ZipRecruiter In...
|
Communication Services | 1.30% | — |
#4
Prev: #—
|
4.5 |
—
|
347,527 | — |
NEW
|
347,527 | $639,450 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AHT
Ashford Hospita...
|
Real Estate | 0.00% | 2.00% |
Sold All 😨
(Was: #3) |
0.0 |
—
|
-175,512 | -100.0% |
CLOSED
|
— | $— | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NBR
Nabors Industri...
|
Energy | 0.00% | 38.34% |
Sold All 😨
(Was: #2) |
0.0 |
—
|
-264,220 | -100.0% |
CLOSED
|
— | $— | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-6 of 6 holdings