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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
-43.73%
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
$186M
AUM Growth
-$61.4M
Cap. Flow
+$88.9M
Cap. Flow %
47.9%
Top 10 Hldgs %
83.1%
Holding
28
New
12
Increased
3
Reduced
1
Closed
7

Top Buys

Rank Stock Value
1
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$51.1M
2
SBGI icon
Sinclair Inc
SBGI
+$31.2M
3
PPD
PPD, Inc. Common Stock
PPD
+$25.5M
4
BERY
Berry Global Group, Inc.
BERY
+$12.2M
5
ABR icon
Arbor Realty Trust
ABR
+$7.1M

Top Sells

Rank Stock Value
1
ACR
ACRES Commercial Realty
ACR
+$13.2M
2
DBD
Diebold Nixdorf Incorporated
DBD
+$10.5M
3
BCSF icon
Bain Capital Specialty
BCSF
+$8.36M
4
ILPT
Industrial Logistics Properties Trust
ILPT
+$7.4M
5
PRTY
Party City Holdco Inc.
PRTY
+$4.95M

Sector Composition

Rank Sector Weight
1 Communication Services 18.95%
2 Real Estate 18.18%
3 Healthcare 14.97%
4 Consumer Discretionary 11.15%
5 Materials 5.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MOSC.WS
26
DELISTED
Mosaic Acquisition Corp. Warrants, each exercisable for one Class A Common Stock at an exercise pric
MOSC.WS
– –
-416,667
Closed -$404K
SMTA
27
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
– –
-4,229,177
Closed -$3.25M
1
2

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MIG
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SPA
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2C
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SWM
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Indaba Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Indaba Capital Management held 28 positions worth $186M, down 25% from $247M the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Indaba Capital Management deployed $88.9M of net new capital in Q1 2020, opening 12 new positions and adding to 3 existing holdings. Its largest new stake was Cornerstone OnDemand, Inc.: 1,047,908 shares worth $33.3M.

By sector, the portfolio is most concentrated in Communication Services at 19% of assets, up from 8.1% a quarter earlier, followed by Real Estate and Healthcare.

On the sell side, the largest reduction was CBL& Associates Properties, Inc., an estimated $3.5M trimmed.

  • Indaba Capital Management's largest Q1 2020 buy was Cornerstone OnDemand, Inc.: 1,047,908 shares worth $33.3M.
  • Indaba Capital Management added most to Retail Value Inc. Common Shares in Q1 2020, an estimated $4.6M increase.
  • Indaba Capital Management's biggest Q1 2020 reduction was CBL& Associates Properties, Inc., cutting an estimated $3.5M.
  • Indaba Capital Management fully exited ACRES Commercial Realty in Q1 2020, selling an estimated $13.2M.
  • Indaba Capital Management's ten largest holdings make up 83% of its $186M portfolio in Q1 2020.
  • Indaba Capital Management opened 12 new positions and closed 7 in Q1 2020.
  • Indaba Capital Management's portfolio value fell 25% quarter-over-quarter to $186M.

Based on Indaba Capital Management's 13F filing for Q1 2020, filed 15 May 2020.