Varde Management, L.P. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Varde Management, L.P. disclosed 3 US equity positions worth $37.4m in its Q4 2025 13F filing. The largest position was ECHO at 59.7% of the reported book, followed by NBR and AHT. Against the Q3 2025 filing, it opened 0 new positions, added to 1 and reduced 1 among the top 3 holdings.
What did Varde Management, L.P. own in Q4 2025? Top 3 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ECHO EchoStar Corp | Communication Services | 59.7% | $22.3m | 205,400 | 48% | added |
| 2 | NBR Nabors Industries Ltd | Energy | 38.3% | $14.3m | 264,220 | -85% | reduced |
| 3 | AHT Ashford Hospitality Tr Inc | 2.0% | $747.7k | 175,512 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.