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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
+5.66%
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
$795M
AUM Growth
+$229M
Cap. Flow
+$38.3M
Cap. Flow %
4.82%
Top 10 Hldgs %
49.88%
Holding
57
New
29
Increased
8
Reduced
5
Closed
2

Top Buys

Rank Stock Value
1
QLYS icon
Qualys
QLYS
+$40.3M
2
DISCK
Discovery, Inc. Series C Common Stock
DISCK
+$34.5M
3
TBA
Thoma Bravo Advantage
TBA
+$15.6M
4
MSP
Datto Holding Corp.
MSP
+$15.6M
5
SMRT icon
SmartRent
SMRT
+$13.2M

Top Sells

Rank Stock Value
1
HOME
At Home Group Inc.
HOME
+$61.4M
2
CZOO
Cazoo Group Ltd
CZOO
+$35.4M
3
AGC
Altimeter Growth Corp
AGC
+$22.2M
4
CCC
CCC Intelligent Solutions
CCC
+$10.5M
5
MKFG
Markforged Holding Corporation
MKFG
+$7M

Sector Composition

Rank Sector Weight
1 Technology 19.92%
2 Consumer Discretionary 12.07%
3 Financials 9.59%
4 Real Estate 4.58%
5 Healthcare 4.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PACX
26
DELISTED
Pioneer Merger Corp. Class A Ordinary Share
PACX
$5.83M 0.73%
+600,000
New +$5.9M
SRNGU
27
DELISTED
Soaring Eagle Acquisition Corp. Unit
SRNGU
$5.06M 0.64%
+500,000
New +$5.21M
WPCA.U
28
DELISTED
Warburg Pincus Capital Corporation I-A Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
WPCA.U
$5.04M 0.63%
+500,000
New +$5.05M
WPCB.U
29
DELISTED
Warburg Pincus Capital Corporation I-B Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
WPCB.U
$4.99M 0.63%
+500,000
New +$5.03M
VPCC.U
30
DELISTED
VPC Impact Acquisition Holdings III, Inc. Units, each consisting of one share of Class A common stoc
VPCC.U
$4.93M 0.62%
+500,000
New +$4.98M
VPCBU
31
DELISTED
VPC Impact Acquisition Holdings II Unit
VPCBU
$4.93M 0.62%
+500,000
New +$5M
CLAS
32
DELISTED
Class Acceleration Corp.
CLAS
$4.83M 0.61%
+500,000
New +$4.86M
FACA.U
33
DELISTED
Figure Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant
FACA.U
$4.55M 0.57%
+450,000
New +$4.73M
AGC
34
DELISTED
Altimeter Growth Corp
AGC
$4.04M 0.51%
345,000
-1,655,000
-83% -$22.2M
ANAC.U
35
DELISTED
Arctos NorthStar Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-fourth of one redeemable warrant
ANAC.U
$4M 0.5%
+400,000
New +$4.04M
ACTDU
36
DELISTED
ArcLight Clean Transition Corp. II Unit
ACTDU
$3.85M 0.48%
+385,000
New +$3.85M
AGCB
37
DELISTED
Altimeter Growth Corp 2
AGCB
$3.11M 0.39%
+300,000
New +$3.58M
SPAQ.U
38
DELISTED
Spartan Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fo
SPAQ.U
$3.01M 0.38%
+300,000
New +$3.11M
SNII.U
39
DELISTED
Supernova Partners Acquisition Company II, Ltd. Units, each consisting of one Class A ordinary share
SNII.U
$2.51M 0.32%
+250,000
New +$2.53M
STRE.U
40
DELISTED
Supernova Partners Acquisition Company III, Ltd. Units, each consisting of one Class A ordinary share and one-fifth of one redeemable warrant
STRE.U
$2.5M 0.31%
+250,000
New +$2.49M
AJAX.WS
41
DELISTED
Capri Listco Redeemable Warrants, each warrant exercisable for one Class A ordinary share at an exer
AJAX.WS
$1.27M 0.16%
750,000
– –
AGCWW
42
DELISTED
Altimeter Growth Corp Warrant
AGCWW
$1.24M 0.16%
400,000
– –
DGNR.WS
43
DELISTED
Dragoneer Growth Opportunities Corp. Redeemable warrants, each whole warrant exercisable for one Cla
DGNR.WS
$954K 0.12%
600,000
– –
EMPW.WS
44
DELISTED
Empower Ltd. Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at a
EMPW.WS
$731K 0.09%
+619,488
New +$790K
SPNV.WS
45
DELISTED
Supernova Partners Acquisition Company, Inc. Warrants, each whole warrant exercisable for one share
SPNV.WS
$493K 0.06%
266,667
– –
CRU.WS
46
DELISTED
Crucible Acquisition Corporation Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
CRU.WS
$458K 0.06%
+329,623
New +$515K
PACXW
47
DELISTED
Pioneer Merger Corp. Warrant
PACXW
$311K 0.04%
+333,334
New +$384K
CLAS.WS
48
DELISTED
Class Acceleration Corp. Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
CLAS.WS
$272K 0.03%
+438,200
New +$378K
AONE.WS
49
DELISTED
one Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of
AONE.WS
$67K 0.01%
25,000
– –
MKFG
50
DELISTED
Markforged Holding Corporation
MKFG
– –
-65,000
Closed -$7M
1
2
3

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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 2021 Portfolio in Review

As of Q1 2021, Indaba Capital Management held 57 positions worth $795M, up 40% from $567M the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Indaba Capital Management deployed $38.3M of net new capital in Q1 2021, opening 29 new positions and adding to 8 existing holdings. Its largest new stake was Qualys: 360,127 shares worth $37.7M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was At Home Group Inc., an estimated $61.4M trimmed.

  • Indaba Capital Management's largest Q1 2021 buy was Qualys: 360,127 shares worth $37.7M.
  • Indaba Capital Management added most to Cornerstone OnDemand, Inc. in Q1 2021, an estimated $10.8M increase.
  • Indaba Capital Management's biggest Q1 2021 reduction was At Home Group Inc., cutting an estimated $61.4M.
  • Indaba Capital Management fully exited Cazoo Group Ltd in Q1 2021, selling an estimated $35.4M.
  • Indaba Capital Management's ten largest holdings make up 50% of its $795M portfolio in Q1 2021.
  • Indaba Capital Management opened 29 new positions and closed 2 in Q1 2021.
  • Indaba Capital Management's portfolio value rose 40% quarter-over-quarter to $795M.

Based on Indaba Capital Management's 13F filing for Q1 2021, filed 17 May 2021.