Varde Management, L.P. — Q1 2025 13F-HR

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Q1 2025 · 13F-HR

Varde Management, L.P.holdings as filed

Filed 2025-05-15 · accession 0000950123-25-005592

$142.7M

Reported value

Positions

2025-03-31

Period end

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Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
51817R205	LTM	Latam Airlines Group SA	$89.2M	62.5%	2,835,660	Common	SOLE
G6359F137	NBR	Nabors Industries Ltd	$51.5M	36.1%	2,013,930	Common	SOLE
044103794	AHT	Ashford Hospitality Tr Inc	$1.0M	0.74%	175,512	Common	SOLE
88642R109	TDW	Tidewater Inc	$1.0M	0.72%	28,390	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.