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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
-2.51%
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
$944M
AUM Growth
+$18M
Cap. Flow
-$42.3M
Cap. Flow %
-4.48%
Top 10 Hldgs %
55.37%
Holding
76
New
20
Increased
3
Reduced
8
Closed
20

Top Buys

Rank Stock Value
1
ONTF
ON24
ONTF
+$65.9M
2
SNPO
Snap One Holdings Corp. Common Stock
SNPO
+$55.9M
3
MCFE
McAfee Corp. Class A Common Stock
MCFE
+$42.6M
4
INST
Instructure Holdings, Inc.
INST
+$37.4M
5
BLND icon
Blend Labs
BLND
+$35.7M

Top Sells

Rank Stock Value
1
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$59M
2
DBX icon
Dropbox
DBX
+$43.6M
3
QLYS icon
Qualys
QLYS
+$36.3M
4
CCC
CCC Intelligent Solutions
CCC
+$19.9M
5
HOME
At Home Group Inc.
HOME
+$17.2M

Sector Composition

Rank Sector Weight
1 Technology 36.66%
2 Communication Services 9%
3 Financials 6.89%
4 Healthcare 6.59%
5 Consumer Discretionary 5.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ACQR
26
DELISTED
Independence Holdings Corp. Class A Ordinary Share
ACQR
$4.88M 0.52%
500,000
-100,000
-17% -$974K
OPAL icon
27
OPAL Fuels
OPAL
$67.7M
$4.88M 0.52%
500,000
-25,000
-5% -$244K
CPAR
28
DELISTED
Catalyst Partners Acquisition Corp. Class A Ordinary Share
CPAR
$4.87M 0.52%
+500,000
New +$4.85M
FACA
29
DELISTED
Figure Acquisition Corp. I
FACA
$4.43M 0.47%
450,000
– –
DNA.WS
30
DELISTED
Ginkgo Bioworks Holdings, Inc. Warrants, each whole warrant exercisable to purchase one-fortieth (1/40th) of a share of Class A Common Stock at an exercise price of $460.00 per share
DNA.WS
$3.67M 0.39%
+1,081,421
New +$3.85M
ANAC
31
DELISTED
Arctos NorthStar Acquisition Corp.
ANAC
$1.95M 0.21%
200,000
– –
HLLY.WS
32
DELISTED
Holley Inc Warrants
HLLY.WS
$1.94M 0.21%
+669,159
New +$1.79M
CCCS.WS
33
DELISTED
CCC Intelligent Solutions Holdings Inc. Redeemable warrants, each whole warrant exercisable for one
CCCS.WS
$1.39M 0.15%
+600,000
New +$1.45M
CZOO.WS
34
DELISTED
Cazoo Group Ltd Redeemable Warrants, each warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
CZOO.WS
$1.12M 0.12%
+750,000
New +$1.21M
OPAD.WS
35
DELISTED
Offerpad Solutions Inc. Warrants, Every 15 warrants will be exercisable for one share of Class A Common Stock at an exercise price of $172.50 per share of Class A Common Stock
OPAD.WS
$467K 0.05%
+266,667
New +$477K
PACXW
36
DELISTED
Pioneer Merger Corp. Warrant
PACXW
$367K 0.04%
333,334
– –
CRU.WS
37
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
$277K 0.03%
329,623
– –
CLAS.WS
38
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
$256K 0.03%
438,200
– –
DAVEW icon
39
Dave Inc Warrants
DAVEW
$34.2M
$213K 0.02%
125,000
– –
VPCBW
40
DELISTED
VPC Impact Acquisition Holdings II Warrant
VPCBW
$150K 0.02%
125,000
– –
ACQRW
41
DELISTED
Independence Holdings Corp. Warrant
ACQRW
$126K 0.01%
120,000
– –
MVLAW
42
DELISTED
Movella Holdings Inc. Warrant
MVLAW
$119K 0.01%
125,265
– –
FACA.WS
43
DELISTED
Figure Acquisition Corp. I Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
FACA.WS
$118K 0.01%
112,500
– –
OPALW
44
DELISTED
OPAL Fuels Inc. Warrant
OPALW
$115K 0.01%
105,000
– –
WPCA.WS
45
DELISTED
Warburg Pincus Capital Corporation I-A Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
WPCA.WS
$105K 0.01%
100,000
– –
WPCB.WS
46
DELISTED
Warburg Pincus Capital Corporation I-B Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
WPCB.WS
$93K 0.01%
100,000
– –
CPARW
47
DELISTED
Catalyst Partners Acquisition Corp. Warrant
CPARW
$85K 0.01%
+100,000
New +$120K
SPAQ.WS
48
DELISTED
Spartan Acquisition Corp. III Warrants, exercisable for one share of Class A Common Stock
SPAQ.WS
$83K 0.01%
75,000
– –
ANAC.WS
49
DELISTED
Arctos NorthStar Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
ANAC.WS
$74K 0.01%
100,000
– –
RGTIW icon
50
Rigetti Computing Warrants
RGTIW
$123M
$50K 0.01%
62,500
– –
1
2
3

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Indaba Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Indaba Capital Management held 76 positions worth $944M, up 1.9% from $926M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Indaba Capital Management withdrew a net $42.3M in Q3 2021, closing 20 positions and reducing 8 holdings. Its most notable exit was Cornerstone OnDemand, Inc., an estimated $59M position sold in full.

By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 24% a quarter earlier, followed by Communication Services and Financials.

Against the trend, Indaba Capital Management opened a new position in ON24 worth $47.3M.

  • Indaba Capital Management's largest Q3 2021 buy was ON24: 2,373,673 shares worth $47.3M.
  • Indaba Capital Management added most to ironSource Ltd. in Q3 2021, an estimated $8.18M increase.
  • Indaba Capital Management's biggest Q3 2021 reduction was Stagwell, cutting an estimated $15.1M.
  • Indaba Capital Management fully exited Cornerstone OnDemand, Inc. in Q3 2021, selling an estimated $59M.
  • Indaba Capital Management's ten largest holdings make up 55% of its $944M portfolio in Q3 2021.
  • Indaba Capital Management opened 20 new positions and closed 20 in Q3 2021.
  • Indaba Capital Management's portfolio value rose 1.9% quarter-over-quarter to $944M.

Based on Indaba Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.