Varde Management, L.P. recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
8500 Normandale Lake Blvd Minneapolis, MN 55437
As of the latest 13F report, the guru’s equity portfolio contained 6 stocks valued at a total of $100.00Mil. The top holdings were VICI(34.07%), OMF(33.04%), and SDRL(19.78%).
According to GuruFocus data, these were Varde Management, L.P.’s top five trades of the quarter.
VICI Properties Inc
Varde Management, L.P. reduced their investment in NYSE:VICI by 2,064,346 shares. The trade had a 34.9% impact on the equity portfolio. During the quarter, the stock traded for an average price of $32.13.
On 02/15/2023, VICI Properties Inc traded for a price of $34.18 per share and a market cap of $35.34Bil. The stock has returned 26.70% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, VICI Properties Inc has a price-earnings ratio of 31.94, a price-book ratio of 1.52, a price-earnings-to-growth (PEG) ratio of 0.19, a EV-to-Ebitda ratio of 39.57 and a price-sales ratio of 12.53.
The price-to-GF Value ratio is 1.05, earning the stock a GF Value rank of 5.
Seadrill Ltd
The guru established a new position worth 607,000 shares in NYSE:SDRL, giving the stock a 19.78% weight in the equity portfolio. Shares traded for an average price of $29.74 during the quarter.
On 02/15/2023, Seadrill Ltd traded for a price of $41.96 per share and a market cap of $2.10Bil. The stock has returned 0.00% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 2 out of 10.
In terms of valuation, Seadrill Ltd has a price-earnings ratio of 1.30, a price-book ratio of 1.34, a EV-to-Ebitda ratio of 0.84 and a price-sales ratio of 4.15.
KB Home
The guru sold out of their 428,891-share investment in NYSE:KBH. Previously, the stock had a 6.3% weight in the equity portfolio. Shares traded for an average price of $29.79 during the quarter.
On 02/15/2023, KB Home traded for a price of $37.48 per share and a market cap of $3.15Bil. The stock has returned -2.26% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, KB Home has a price-earnings ratio of 4.11, a price-book ratio of 0.86, a price-earnings-to-growth (PEG) ratio of 0.14, a EV-to-Ebitda ratio of 4.36 and a price-sales ratio of 0.47.
The price-to-GF Value ratio is 0.74, earning the stock a GF Value rank of 10.
Meritage Homes Corp
The guru sold out of their 137,600-share investment in NYSE:MTH. Previously, the stock had a 5.48% weight in the equity portfolio. Shares traded for an average price of $80.88 during the quarter.
On 02/15/2023, Meritage Homes Corp traded for a price of $114.5 per share and a market cap of $4.19Bil. The stock has returned 24.38% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Meritage Homes Corp has a price-earnings ratio of 4.28, a price-book ratio of 1.06, a price-earnings-to-growth (PEG) ratio of 0.10, a EV-to-Ebitda ratio of 3.44 and a price-sales ratio of 0.66.
The price-to-GF Value ratio is 0.95, earning the stock a GF Value rank of 6.
Tri Pointe Homes Inc
The guru sold out of their 518,000-share investment in NYSE:TPH. Previously, the stock had a 4.43% weight in the equity portfolio. Shares traded for an average price of $17.39 during the quarter.
On 02/15/2023, Tri Pointe Homes Inc traded for a price of $22.52 per share and a market cap of $2.27Bil. The stock has returned 0.27% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Tri Pointe Homes Inc has a price-earnings ratio of 4.58, a price-book ratio of 0.87, a price-earnings-to-growth (PEG) ratio of 0.23, a EV-to-Ebitda ratio of 4.88 and a price-sales ratio of 0.58.
The price-to-GF Value ratio is 0.84, earning the stock a GF Value rank of 9.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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