Varde Management, L.P.

Portfolio Overview

Varde Management, L.P. reported a significant contraction in its 13F portfolio for the period ending September 30, 2025. The total portfolio value decreased by 15.9%, dropping from $75.45 million in the previous quarter to $63.46 million. More notably, the fund executed a major reduction in the number of holdings, shrinking from a broader basket of securities to just two distinct positions. This indicates a pivot toward a highly concentrated strategy. With the top holding...