Varde Management, L.P. — Q2 2025 13F-HR

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Q2 2025 · 13F-HR

Varde Management, L.P.holdings as filed

Filed 2025-08-15 · accession 0000950123-25-008465

$75.5M

Reported value

Positions

2025-06-30

Period end

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The Brief · Varde Management, L.P. · Q2 2025

AI · grounded in 13F

Varde Management, L.P. established a new position in Nabors Industries Ltd NBR valued at $59.77M. The fund also initiated a new stake in Latam Airlines Group SA LTM for $13.15M. Additional new positions include Tidewater Inc TDW at $1.42M and Ashford Hospitality Tr Inc AHT at $1.12M.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
G6359F137	NBR	Nabors Industries Ltd	$59.8M	79.2%	1,718,430	Common	SOLE
51817R205	LTM	Latam Airlines Group SA	$13.1M	17.4%	303,036	Common	SOLE
88642R109	TDW	Tidewater Inc	$1.4M	1.88%	28,390	Common	SOLE
044103794	AHT	Ashford Hospitality Tr Inc	$1.1M	1.48%	175,512	Common	SOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.