Top Institutional Investors

Varde Management, L.P. — 13F Holdings & Portfolio

CIK 1559130 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Varde Management, L.P. manages $68.4M in 13F-reported U.S. long-equity assets across 5 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are ZD (47.76%), SGRY (24.64%), ECHO (23.65%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions and exited 0; 3 existing positions rose in reported value and 1 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$68.4M

Long-equity book

Holdings
5

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+0 / −0 / ↑3 / ↓1

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
ZD48.7% · +17%SGRY25.1% · +33%ECHO24.1% · newZIP2.1% · +7%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 100%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Jun 26, 2026.

Assets Under Management
$16.13B
Discretionary
$16.13B
Employees
197
Accounts
121
Address
520 MADISON AVENUE
34TH FLOOR
NEW YORK, NY 10022
Phone
(212) 321-3780
Website
Name Title / Status Ownership Type
CARSTAIRS, ILFRYN, CHEYNEY ControlCO-EXECUTIVE CHAIR AND LIMITED PARTNER
since Jan 2011
5–10%Individual
DUNBAR, JAMES, EDWARD ControlLIMITED PARTNER
since Jan 2022
5–10%Individual
Dolski, Melissa, Ann ControlLIMITED PARTNER
since Oct 2025
5–10%Individual
GALLAGHER, SHANNON, RAE ControlLIMITED PARTNER
since Jan 2024
5–10%Individual
HICKS, GEORGE, GLOTFELTER ControlCO-EXECUTIVE CHAIR AND LIMITED PARTNER
since Mar 2006
5–10%Individual
IANNAZZO, ANTHONY, CLIFFORD ControlCHIEF OPERATING OFFICER AND LIMITED PARTNER
since Jan 2024
5–10%Individual
MALIK, HASEEB, KAMAL ControlLIMITED PARTNER
since Jan 2019
5–10%Individual
MALONE, ANDREW, CHARLES ControlGENERAL COUNSEL AND LIMITED PARTNER
since Jan 2022
5–10%Individual
MEDINA, KEVIN, TODD ControlGLOBAL CHIEF COMPLIANCE OFFICER
since Sep 2023
Less than 5%Individual
MILONE, FRANCISCO ControlLIMITED PARTNER
since Jan 2018
5–10%Individual
MOONEY, TIMOTHY, JAMES ControlLIMITED PARTNER
since Jan 2016
10–25%Individual
PAGE, MARCIA, LYNN ControlCHAIR EMERITA AND LIMITED PARTNER
since Mar 2006
Less than 5%Individual
SANZ ESTEVE, CARLOS ControlLIMITED PARTNER
since Jan 2022
5–10%Individual
VARDE MANAGEMENT, INC. ControlGENERAL PARTNER
since Mar 2006
Less than 5%Domestic Entity
VARDE HUS, L.P.LIMITED PARTNER
since Jan 2018
Less than 5%Domestic Entity
Ownership & leadership changes · 29 filings with changes since Mar 30, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Apr 30, 2026 filing
  • No longer listedBAUER, BRADLEY, PHILIP · CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER · 10–25% · control person · listed since Jan 2013
Mar 27, 2026 filing
  • No longer listedNAGLIERI, GIUSEPPE · LIMITED PARTNER · 5–10% · control person · listed since Jan 2016
  • AddedDolski, Melissa, Ann · LIMITED PARTNER · 5–10% · control person
  • ChangedBAUER, BRADLEY, PHILIP · title MANAGING PARTNER, CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER → CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER
  • ChangedMILONE, FRANCISCO · title MANAGING PARTNER AND LIMITED PARTNER → LIMITED PARTNER
  • ChangedMOONEY, TIMOTHY, JAMES · title MANAGING PARTNER AND LIMITED PARTNER → LIMITED PARTNER
Sep 10, 2025 filing
  • No longer listedV�RDE HUS, L.P. · LIMITED PARTNER · Less than 5% · listed since Jan 2018
  • No longer listedV�RDE MANAGEMENT, INC. · GENERAL PARTNER · Less than 5% · control person · listed since Mar 2006
  • AddedVARDE HUS, L.P. · LIMITED PARTNER · Less than 5%
  • AddedVARDE MANAGEMENT, INC. · GENERAL PARTNER · Less than 5% · control person
  • ChangedPAGE, MARCIA, LYNN · title CO-EXECUTIVE CHAIR AND LIMITED PARTNER → CHAIR EMERITA AND LIMITED PARTNER
Mar 28, 2025 filing
  • No longer listedLENK, ANDREW, PAUL · DEPUTY CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER · 5–10% · control person · listed since Jan 2009
  • No longer listedMARPLE, DAVID, ARTHUR · LIMITED PARTNER · Less than 5% · control person · listed since Apr 2008
  • ChangedBAUER, BRADLEY, PHILIP · title CO-CHIEF EXECUTIVE OFFICER, CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER → MANAGING PARTNER, CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER
  • ChangedCARSTAIRS, ILFRYN, CHEYNEY · title CO-CHIEF EXECUTIVE OFFICER, CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER → CO-EXECUTIVE CHAIR AND LIMITED PARTNER
  • ChangedGALLAGHER, SHANNON, RAE · ownership Less than 5% → 5–10%
  • ChangedHICKS, GEORGE, GLOTFELTER · ownership 10–25% → 5–10%
  • ChangedIANNAZZO, ANTHONY, CLIFFORD · ownership Less than 5% → 5–10%
  • ChangedMALONE, ANDREW, CHARLES · ownership Less than 5% → 5–10%
  • ChangedMILONE, FRANCISCO · title LIMITED PARTNER → MANAGING PARTNER AND LIMITED PARTNER
  • ChangedMOONEY, TIMOTHY, JAMES · title LIMITED PARTNER → MANAGING PARTNER AND LIMITED PARTNER; ownership 5–10% → 10–25%
  • ChangedNAGLIERI, GIUSEPPE · title CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER → LIMITED PARTNER
Oct 28, 2024 filing
  • No longer listedMAMIK, ANEEK, SINGH · LIMITED PARTNER · 5–10% · control person · listed since Jan 2022
Jun 27, 2024 filing
  • ChangedCARSTAIRS, ILFRYN, CHEYNEY · title CHIEF EXECUTIVE OFFICER, CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER → CO-CHIEF EXECUTIVE OFFICER, CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER
Apr 29, 2024 filing
  • ChangedCARSTAIRS, ILFRYN, CHEYNEY · ownership 10–25% → 5–10%
  • ChangedIANNAZZO, ANTHONY, CLIFFORD · title LIMITED PARTNER → CHIEF OPERATING OFFICER AND LIMITED PARTNER
Mar 28, 2024 filing
  • No longer listedFOX, JONATHAN, ANDREW · PRESIDENT AND LIMITED PARTNER · 5–10% · control person · listed since Jan 2017
  • No longer listedHARTMAN, SCOTT, THOMAS · LIMITED PARTNER · Less than 5% · control person · listed since Jan 2018
  • No longer listedNOEL, RICKY, JOHN · LIMITED PARTNER · Less than 5% · control person · listed since Mar 2006
  • No longer listedSCHMIDT, BRIAN, CHARLES · LIMITED PARTNER · Less than 5% · control person · listed since Jan 2017
  • AddedGALLAGHER, SHANNON, RAE · LIMITED PARTNER · Less than 5% · control person
  • AddedIANNAZZO, ANTHONY, CLIFFORD · LIMITED PARTNER · Less than 5% · control person
  • ChangedBAUER, BRADLEY, PHILIP · title CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER → CO-CHIEF EXECUTIVE OFFICER, CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER; ownership 5–10% → 10–25%
  • ChangedDUNBAR, JAMES, EDWARD · ownership Less than 5% → 5–10%
  • ChangedLENK, ANDREW, PAUL · title DEPUTY CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER AND LIMITED PARTNER → DEPUTY CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER; ownership Less than 5% → 5–10%
  • ChangedMALIK, HASEEB, KAMAL · ownership Less than 5% → 5–10%
  • ChangedMAMIK, ANEEK, SINGH · ownership Less than 5% → 5–10%
  • ChangedMILONE, FRANCISCO · ownership Less than 5% → 5–10%
  • ChangedSANZ ESTEVE, CARLOS · ownership Less than 5% → 5–10%
Sep 29, 2023 filing
  • No longer listedKJARLAND, RHONDA, ROSE · GLOBAL CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2023
  • AddedMEDINA, KEVIN, TODD · GLOBAL CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedHARTMAN, SCOTT, THOMAS · ownership 5–10% → Less than 5%
Apr 28, 2023 filing
  • No longer listedSCHEIN, MARK, DAVID · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Sep 2020
  • AddedKJARLAND, RHONDA, ROSE · GLOBAL CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Older changes (20 more filings)
Mar 31, 2023 filing
  • No longer listedLIESKOVSKA, ELENA · LIMITED PARTNER · Less than 5% · control person · listed since Jan 2019
  • ChangedHARTMAN, SCOTT, THOMAS · ownership Less than 5% → 5–10%
  • ChangedMALONE, ANDREW, CHARLES · title GENERAL COUNSEL → GENERAL COUNSEL AND LIMITED PARTNER
  • ChangedMOONEY, TIMOTHY, JAMES · ownership Less than 5% → 5–10%
  • ChangedNOEL, RICKY, JOHN · ownership 5–10% → Less than 5%
Mar 30, 2022 filing
  • No longer listedALBEE, BRENDAN, DERMOTT · CHIEF OPERATING OFFICER AND LIMITED PARTNER · Less than 5% · control person · listed since Nov 2014
  • No longer listedHEDBERG, JEREMY, DUDLEY · RETIRED LIMITED PARTNER · Less than 5% · control person · listed since Mar 2006
  • AddedDUNBAR, JAMES, EDWARD · LIMITED PARTNER · Less than 5% · control person
  • AddedMALONE, ANDREW, CHARLES · GENERAL COUNSEL · Less than 5% · control person
  • AddedMAMIK, ANEEK, SINGH · LIMITED PARTNER · Less than 5% · control person
  • AddedSANZ ESTEVE, CARLOS · LIMITED PARTNER · Less than 5% · control person
  • ChangedBAUER, BRADLEY, PHILIP · title LIMITED PARTNER → CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER
  • ChangedCARSTAIRS, ILFRYN, CHEYNEY · title CO-CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER → CHIEF EXECUTIVE OFFICER, CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER
  • ChangedFOX, JONATHAN, ANDREW · title LIMITED PARTNER → PRESIDENT AND LIMITED PARTNER
  • ChangedHICKS, GEORGE, GLOTFELTER · title CO-CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER → CO-EXECUTIVE CHAIR AND LIMITED PARTNER
  • ChangedLENK, ANDREW, PAUL · title LIMITED PARTNER → DEPUTY CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER AND LIMITED PARTNER
  • ChangedMARPLE, DAVID, ARTHUR · title GENERAL COUNSEL AND LIMITED PARTNER → LIMITED PARTNER
  • ChangedNAGLIERI, GIUSEPPE · title LIMITED PARTNER → CO-CHIEF INVESTMENT OFFICER AND LIMITED PARTNER
  • ChangedPAGE, MARCIA, LYNN · title LIMITED PARTNER → CO-EXECUTIVE CHAIR AND LIMITED PARTNER; ownership 5–10% → Less than 5%
Mar 30, 2021 filing
  • No longer listedHICKS, GEORGE, G · PRINCIPAL · 25–50% · indirect via V�RDE MANAGEMENT, INC. · control person · listed since Apr 1994
  • No longer listedMCMILLAN, GREGORY, SCOTT · RETIRED PRINCIPAL · 25–50% · indirect via V�RDE MANAGEMENT, INC. · control person · listed since Jul 2008
  • No longer listedMCMILLAN, GREGORY, SCOTT · RETIRED LIMITED PARTNER · Less than 5% · listed since Jul 2008
  • No longer listedPAGE, MARCIA, LYNN · PRINCIPAL · 25–50% · indirect via V�RDE MANAGEMENT, INC. · control person · listed since Apr 1994
  • ChangedALBEE, BRENDAN, DERMOTT · title CHIEF OPERATING OFFICER → CHIEF OPERATING OFFICER AND LIMITED PARTNER
  • ChangedBAUER, BRADLEY, PHILIP · ownership Less than 5% → 5–10%
  • ChangedFOX, JONATHAN, ANDREW · ownership Less than 5% → 5–10%
  • ChangedHEDBERG, JEREMY, DUDLEY · ownership 10–25% → Less than 5%
  • ChangedNAGLIERI, GIUSEPPE · ownership Less than 5% → 5–10%
Sep 16, 2020 filing
  • No longer listedKLOSTER, KATIE, SUE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2010
  • AddedSCHEIN, MARK, DAVID · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 30, 2020 filing
  • No longer listedHAROON, ALI, MOHAMMAD · RETIRED LIMITED PARTNER · Less than 5% · listed since Jan 2012
  • ChangedCARSTAIRS, ILFRYN, CHEYNEY · title LIMITED PARTNER → CO-CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER
  • ChangedHEDBERG, JEREMY, DUDLEY · title LIMITED PARTNER → RETIRED LIMITED PARTNER
  • ChangedHICKS, GEORGE, GLOTFELTER · title CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER → CO-CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER
Mar 29, 2019 filing
  • AddedLIESKOVSKA, ELENA · LIMITED PARTNER · Less than 5% · control person
  • AddedMALIK, HASEEB, KAMAL · LIMITED PARTNER · Less than 5% · control person
  • AddedV�RDE HUS, L.P. · LIMITED PARTNER · Less than 5%
  • ChangedHAROON, ALI, MOHAMMAD · title LIMITED PARTNER → RETIRED LIMITED PARTNER; no longer a control person
Jan 7, 2019 filing
  • No longer listedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via V�RDE PARTNERS EUROPE LIMITED · control person · listed since Jan 2007
  • No longer listedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via VARDE PARTNERS ASIA PTE. LTD. · control person · listed since Feb 2008
  • No longer listedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via V�RDE PARTNERS AUSTRALIA LLC · control person · listed since May 2015
  • No longer listedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via VARDE PARTNERS JAPAN · control person · listed since Jul 2015
  • No longer listedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via VARDE PARTNERS HONG KONG LIMITED · control person · listed since Oct 2016
  • ChangedHICKS, GEORGE, GLOTFELTER · title CHIEF EXECUTIVE OFFICER → CHIEF EXECUTIVE OFFICER AND LIMITED PARTNER
Mar 29, 2018 filing
  • No longer listedSPAETH, JASON, RICHARD · RETIRED LIMITED PARTNER · Less than 5% · listed since Mar 2006
Feb 20, 2018 filing
  • AddedHARTMAN, SCOTT, THOMAS · LIMITED PARTNER · Less than 5% · control person
  • AddedMILONE, FRANCISCO · LIMITED PARTNER · Less than 5% · control person
  • ChangedBAUER, BRADLEY, PHILIP · ownership 5–10% → Less than 5%
Mar 30, 2017 filing
  • AddedFOX, JONATHAN, ANDREW · LIMITED PARTNER · Less than 5% · control person
  • AddedSCHMIDT, BRIAN, CHARLES · LIMITED PARTNER · Less than 5% · control person
  • ChangedHAROON, ALI, MOHAMMAD · ownership 5–10% → Less than 5%
  • ChangedLENK, ANDREW, PAUL · ownership 5–10% → Less than 5%
  • ChangedNOEL, RICKY, JOHN · ownership 10–25% → 5–10%
  • ChangedPAGE, MARCIA, LYNN · ownership 10–25% → 5–10%
Oct 14, 2016 filing
  • AddedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via VARDE PARTNERS HONG KONG LIMITED · control person
Mar 30, 2016 filing
  • AddedMOONEY, TIMOTHY, JAMES · LIMITED PARTNER · Less than 5% · control person
  • AddedNAGLIERI, GIUSEPPE · LIMITED PARTNER · Less than 5% · control person
  • ChangedCARSTAIRS, ILFRYN, CHEYNEY · ownership 5–10% → 10–25%
  • ChangedHICKS, GEORGE, GLOTFELTER · title LIMITED PARTNER → CHIEF EXECUTIVE OFFICER
  • ChangedLENK, ANDREW, PAUL · ownership Less than 5% → 5–10%
  • ChangedMARPLE, DAVID, ARTHUR · title GENERAL COUNSEL → GENERAL COUNSEL AND LIMITED PARTNER
  • ChangedNOEL, RICKY, JOHN · ownership 5–10% → 10–25%
  • ChangedSPAETH, JASON, RICHARD · title RETIRED PARTNER → RETIRED LIMITED PARTNER
Dec 4, 2015 filing
  • AddedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via VARDE PARTNERS JAPAN · control person
Jul 22, 2015 filing
  • AddedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via V�RDE PARTNERS AUSTRALIA LLC · control person
Mar 25, 2015 filing
  • AddedALBEE, BRENDAN, DERMOTT · CHIEF OPERATING OFFICER · Less than 5% · control person
  • ChangedBAUER, BRADLEY, PHILIP · ownership Less than 5% → 5–10%
  • ChangedHEDBERG, JEREMY, DUDLEY · ownership 5–10% → 10–25%
  • ChangedMCMILLAN, GREGORY, SCOTT · ownership 5–10% → Less than 5%
  • ChangedSPAETH, JASON, RICHARD · title LIMITED PARTNER → RETIRED PARTNER; ownership 5–10% → Less than 5%; no longer a control person
Mar 26, 2014 filing
  • ChangedHAROON, ALI, MOHAMMAD · ownership Less than 5% → 5–10%
Jan 28, 2014 filing
  • No longer listedPARRIN, DAVID, JAMES · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since Feb 2010
Mar 28, 2013 filing
  • No longer listedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via V�RDE PARTNERS ASIA PTE. LTD. · control person · listed since Feb 2008
  • AddedBAUER, BRADLEY, PHILIP · LIMITED PARTNER · Less than 5% · control person
  • AddedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via VARDE PARTNERS ASIA PTE. LTD. · control person
  • ChangedCARSTAIRS, ILFRYN, CHEYNEY · ownership Less than 5% → 5–10%
  • ChangedHEDBERG, JEREMY, DUDLEY · ownership 10–25% → 5–10%
  • ChangedMCMILLAN, GREGORY, SCOTT · ownership 10–25% → 5–10%
  • ChangedSPAETH, JASON, RICHARD · ownership 10–25% → 5–10%
Aug 6, 2012 filing
  • No longer listedVARDE MANAGEMENT INTERNATIONAL, L.P. · PARENT COMPANY · 25–50% · indirect via V�RDE PARTNERS EUROPE LIMITED · control person · listed since Jan 2007
Mar 30, 2012 filing (earliest on record)
  • ListedCARSTAIRS, ILFRYN, CHEYNEY · LIMITED PARTNER · Less than 5% · control person
  • ListedHAROON, ALI, MOHAMMAD · LIMITED PARTNER · Less than 5% · control person
  • ListedHEDBERG, JEREMY, DUDLEY · LIMITED PARTNER · 10–25% · control person
  • ListedHICKS, GEORGE, G · PRINCIPAL · 25–50% · indirect via V�RDE MANAGEMENT, INC. · control person
  • ListedHICKS, GEORGE, GLOTFELTER · LIMITED PARTNER · 10–25% · control person
  • ListedKLOSTER, KATIE, SUE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedLENK, ANDREW, PAUL · LIMITED PARTNER · Less than 5% · control person
  • ListedMARPLE, DAVID, ARTHUR · GENERAL COUNSEL · Less than 5% · control person
  • ListedMCMILLAN, GREGORY, SCOTT · RETIRED PRINCIPAL · 25–50% · indirect via V�RDE MANAGEMENT, INC. · control person
  • ListedMCMILLAN, GREGORY, SCOTT · RETIRED LIMITED PARTNER · 10–25%
  • ListedNOEL, RICKY, JOHN · LIMITED PARTNER · 5–10% · control person
  • ListedPAGE, MARCIA, LYNN · LIMITED PARTNER · 10–25% · control person
  • ListedPAGE, MARCIA, LYNN · PRINCIPAL · 25–50% · indirect via V�RDE MANAGEMENT, INC. · control person
  • ListedPARRIN, DAVID, JAMES · CHIEF FINANCIAL OFFICER · Less than 5% · control person
  • ListedSPAETH, JASON, RICHARD · LIMITED PARTNER · 10–25% · control person
  • ListedVARDE MANAGEMENT INTERNATIONAL, L.P. · PARENT COMPANY · 25–50% · indirect via V�RDE PARTNERS EUROPE LIMITED · control person
  • ListedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via V�RDE PARTNERS EUROPE LIMITED · control person
  • ListedVARDE MANAGEMENT, L.P. · PARENT COMPANY · 75% or more · indirect via V�RDE PARTNERS ASIA PTE. LTD. · control person
  • ListedV�RDE MANAGEMENT, INC. · GENERAL PARTNER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 3 →

Top Trims

Show all 1 →

New Positions

  • No new positions this quarter.
Show all 0 →

Exited Positions

  • No exits this quarter.
Show all 0 →

Varde Management, L.P. Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Ziff Davis Inc ZD 48123V102 $32.7M 47.76% 624,028 SH
2 Surgery Partners Inc SGRY 86881A100 $16.9M 24.64% 1,003,447 SH
3 EchoStar Corp ECHO 278768106 $16.2M 23.65% 159,400 SH
4 ZipRecruiter Inc ZIP 98980B103 $1.4M 2.04% 371,456 SH
5 Trump Media & Technology Group Corp Put DJT 25400Q105 $1.3M 1.91% 8,500 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $68.4M 5 0001193125-26-350252
2026-03-31 2026-05-15 $49.3M 4 0001193125-26-225680
2025-12-31 2026-02-12 $37.4M 3 0001193125-26-048126
2025-09-30 2025-11-14 $75.2M 4 0001193125-25-282131
Filer Information
Address
520 MADISON AVENUE
34TH FLOOR
NEW YORK, NY 10022
Phone
(212) 321-3780
Filing Manager
Varde Management, L.P.
New York, NY
Signatory
Kevin T. Medina
Chief Compliance Officer