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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
+20.42%
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
$490M
AUM Growth
+$34.7M
Cap. Flow
+$22.6M
Cap. Flow %
4.61%
Top 10 Hldgs %
66.52%
Holding
29
New
6
Increased
7
Reduced
5
Closed
5

Top Buys

Rank Stock Value
1
CLDR
Cloudera, Inc.
CLDR
+$37.1M
2
CARB
Carbonite Inc
CARB
+$27.7M
3
ILPT
Industrial Logistics Properties Trust
ILPT
+$27.5M
4
ECHO
EchoStar
ECHO
+$26.4M
5
LOGM
LogMein, Inc.
LOGM
+$26.3M

Top Sells

Rank Stock Value
1
SGI
Somnigroup International
SGI
+$25.8M
2
LNW
Light & Wonder
LNW
+$22.9M
3
RLJ.PRA icon
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
+$21.5M
4
PLAY icon
Dave & Buster's
PLAY
+$18.6M
5
GRPN icon
Groupon
GRPN
+$13.9M

Sector Composition

Rank Sector Weight
1 Technology 25.58%
2 Real Estate 18.53%
3 Consumer Discretionary 17.74%
4 Communication Services 11.79%
5 Financials 5.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RLJ.PRA icon
26
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$323M
– –
-866,715
Closed -$21.5M
SGI
27
Somnigroup International
SGI
$15.3B
– –
-2,496,940
Closed -$25.8M
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 Q1 2019 Portfolio in Review

As of Q1 2019, Indaba Capital Management held 29 positions worth $490M, up 7.6% from $455M the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Indaba Capital Management deployed $22.6M of net new capital in Q1 2019, opening 6 new positions and adding to 7 existing holdings. Its largest new stake was Cloudera, Inc.: 2,884,700 shares worth $31.6M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 5.1% a quarter earlier, followed by Real Estate and Consumer Discretionary.

On the sell side, the largest reduction was Groupon, an estimated $13.9M trimmed.

  • Indaba Capital Management's largest Q1 2019 buy was Cloudera, Inc.: 2,884,700 shares worth $31.6M.
  • Indaba Capital Management added most to Industrial Logistics Properties Trust in Q1 2019, an estimated $27.5M increase.
  • Indaba Capital Management's biggest Q1 2019 reduction was Groupon, cutting an estimated $13.9M.
  • Indaba Capital Management fully exited Somnigroup International in Q1 2019, selling an estimated $25.8M.
  • Indaba Capital Management's ten largest holdings make up 67% of its $490M portfolio in Q1 2019.
  • Indaba Capital Management opened 6 new positions and closed 5 in Q1 2019.
  • Indaba Capital Management's portfolio value rose 7.6% quarter-over-quarter to $490M.

Based on Indaba Capital Management's 13F filing for Q1 2019, filed 15 May 2019.