Funds · 13F filer · New York, NY

Varde Management, L.P.

$67.1M in 4 U.S. stocks and ETFs at the end of June 30, 2026, as reported to the SEC.1

1y return+161.9%S&P 500 +20.9%
3y return+183.8%S&P 500 +68.5%

These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.

$100 invested in its stock picks

Since December 31, 2021: $339 against $157 in the S&P 500.2

Varde Management, L.P.S&P 500 (SPY)
$75$100$33920212026

Top holdings

At the end of June 30, 2026. Change is in shares since the quarter before.2

StockValueShare of portfolioChange
ZDZiff Davis Inc$32.7M48.7%+16.9%
SGRYSurgery Partners Inc$16.9M25.1%+32.8%
ECHOEchoStar Corp$16.2M24.1%+8.1%
ZIPZipRecruiter Inc$1.4M2.1%+6.9%

Best picks still held

How each current holding has done since the quarter it first appeared in its filings (up to six years back).

StockHeld sinceReturn sinceNow worth
ZIPZipRecruiter IncMarch 31, 2026+103.8%$1.4M
SGRYSurgery Partners IncMarch 31, 2026+40.9%$16.9M
ECHOEchoStar CorpSeptember 30, 2025+32.9%$16.2M
ZDZiff Davis IncMarch 31, 2026+24.8%$32.7M

Quarter by quarter

QuarterIts picksS&P 500
June 30, 2026+15.4%+14.8%
March 31, 2026+26.3%−4.6%
December 31, 2025+30.5%+2.4%
September 30, 2025+37.7%+7.8%
June 30, 2025−0.6%+10.5%
March 31, 2025+9.8%−4.6%
December 31, 2024+5.6%+2.1%
September 30, 2024−4.3%+5.4%
June 30, 2024−6.7%+4.0%
March 31, 2024+1.1%+10.0%
December 31, 2023+14.0%+11.2%
September 30, 2023−8.6%−3.6%
June 30, 2023+5.7%+8.3%
March 31, 2023+25.9%+7.0%
December 31, 2022+8.7%+7.1%
September 30, 2022−4.6%−5.3%
June 30, 2022−10.0%−16.5%
March 31, 2022−3.8%−4.9%

Sources

Every number on this page points here. Each one links to the public record.

  1. 1
    CIK 1559130
  2. 2
    Filed August 14, 2026 · accession 0001193125-26-350252