Varde Management, L.P. — Q3 2025 13F-HR

← Varde Management, L.P.

Q3 2025 · 13F-HR

Varde Management, L.P.holdings as filed

Filed 2025-11-14 · accession 0001193125-25-282131

$75.2M

Reported value

Positions

2025-09-30

Period end

View analyzed profile →PRO

The Brief · Varde Management, L.P. · Q3 2025

AI · grounded in 13F

Varde Management, L.P. established a new position in Nabors Industries Ltd NBR valued at $59.8M. The fund also added new holdings in EchoStar Corp SATS for $10.6M and Service Pptys Tr SVC for $3.7M. A final new position was opened in Ashford Hospitality Tr Inc AHT totaling $1.1M.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
G6359F137	NBR	Nabors Industries Ltd	$59.8M	79.5%	1,718,430	Common	SOLE
278768106	SATS	EchoStar Corp	$10.6M	14.1%	139,200	Common	SOLE
81761L102	SVC	Service Pptys Tr	$3.7M	4.91%	1,363,572	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.