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Indaba Capital Management Portfolio holdings

AUM $33.8M
1-Year Est. Return 33.83%
This Fund
S&P 500
This Quarter Est. Return
-18.18%
1 Year Est. Return
+33.83%
3 Year Est. Return
+66.66%
5 Year Est. Return
+44.49%
10 Year Est. Return
+91.89%
AUM
$455M
AUM Growth
+$124M
Cap. Flow
+$86.8M
Cap. Flow %
19.07%
Top 10 Hldgs %
63.36%
Holding
32
New
10
Increased
6
Reduced
1
Closed
6

Top Buys

Rank Stock Value
1
VISN
Vistance Networks Inc
VISN
+$30.1M
2
SGI
Somnigroup International
SGI
+$29.9M
3
BCSF icon
Bain Capital Specialty
BCSF
+$27.3M
4
LNW
Light & Wonder
LNW
+$25.9M
5
UHAL icon
U-Haul Holding Co
UHAL
+$24.6M

Top Sells

Rank Stock Value
1
NYRT
New York REIT, Inc.
NYRT
+$29.9M
2
NLSN
Nielsen Holdings plc
NLSN
+$20.6M
3
ACEL icon
Accel Entertainment
ACEL
+$15.1M
4
VVNT
Vivint Smart Home, Inc. Class A Common Stock
VVNT
+$12.2M
5
RLJ.PRA icon
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
+$10.3M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 21.35%
2 Real Estate 15.64%
3 Communication Services 14.15%
4 Financials 5.68%
5 Industrials 5.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NYRT
26
DELISTED
New York REIT, Inc.
NYRT
– –
-1,645,561
Closed -$29.9M
NLSN
27
DELISTED
Nielsen Holdings plc
NLSN
– –
-744,380
Closed -$20.6M
1
2

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MIG
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SPA
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SM
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2C
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SIM
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SWM
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Indaba Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Indaba Capital Management held 32 positions worth $455M, up 37% from $331M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Indaba Capital Management deployed $86.8M of net new capital in Q4 2018, opening 10 new positions and adding to 6 existing holdings. Its largest new stake was Vistance Networks Inc: 1,421,697 shares worth $23.3M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, down from 22% a quarter earlier, followed by Real Estate and Communication Services.

On the sell side, the largest reduction was RLJ Lodging Trust $1.95 Series A Preferred Stock, an estimated $10.3M trimmed.

  • Indaba Capital Management's largest Q4 2018 buy was Vistance Networks Inc: 1,421,697 shares worth $23.3M.
  • Indaba Capital Management added most to Spirit MTA REIT Common Shares of Beneficial Interest in Q4 2018, an estimated $15.3M increase.
  • Indaba Capital Management's biggest Q4 2018 reduction was RLJ Lodging Trust $1.95 Series A Preferred Stock, cutting an estimated $10.3M.
  • Indaba Capital Management fully exited New York REIT, Inc. in Q4 2018, selling an estimated $29.9M.
  • Indaba Capital Management's ten largest holdings make up 63% of its $455M portfolio in Q4 2018.
  • Indaba Capital Management opened 10 new positions and closed 6 in Q4 2018.
  • Indaba Capital Management's portfolio value rose 37% quarter-over-quarter to $455M.

Based on Indaba Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.