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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
-20.59%
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
$760M
AUM Growth
-$123M
Cap. Flow
-$54.9M
Cap. Flow %
-7.22%
Top 10 Hldgs %
57%
Holding
50
New
5
Increased
5
Reduced
6
Closed
2

Top Buys

Rank Stock Value
1
ZEN
ZENDESK INC
ZEN
+$77.2M
2
BLKB icon
Blackbaud
BLKB
+$32.5M
3
ENV
ENVESTNET, INC.
ENV
+$29.9M
4
TRHC
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
+$19.4M
5
APP icon
Applovin
APP
+$14.4M

Top Sells

Rank Stock Value
1
IS
ironSource Ltd.
IS
+$29.7M
2
STGW icon
Stagwell
STGW
+$14.7M
3
HLLY icon
Holley
HLLY
+$12.5M
4
FA icon
First Advantage
FA
+$8.99M
5
DV icon
DoubleVerify
DV
+$8.05M

Sector Composition

Rank Sector Weight
1 Technology 39.55%
2 Industrials 12.69%
3 Communication Services 9.97%
4 Consumer Discretionary 6.24%
5 Healthcare 1.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CZOO.WS
26
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
$68K 0.01%
750,000
– –
RGTIW icon
27
Rigetti Computing Warrants
RGTIW
$121M
$41K 0.01%
62,500
– –
ALLG.WS
28
DELISTED
Allego N.V. Warrants
ALLG.WS
$35K ﹤0.01%
75,000
– –
PACXW
29
DELISTED
Pioneer Merger Corp. Warrant
PACXW
$33K ﹤0.01%
333,334
– –
CRU.WS
30
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
$33K ﹤0.01%
329,623
– –
CLAS.WS
31
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
$33K ﹤0.01%
438,200
– –
WPCA.WS
32
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
$31K ﹤0.01%
100,000
– –
WPCB.WS
33
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
$27K ﹤0.01%
100,000
– –
VPCBW
34
DELISTED
VPC Impact Acquisition Holdings II Warrant
VPCBW
$25K ﹤0.01%
125,000
– –
ACQRW
35
DELISTED
Independence Holdings Corp. Warrant
ACQRW
$25K ﹤0.01%
120,000
– –
CPARW
36
DELISTED
Catalyst Partners Acquisition Corp. Warrant
CPARW
$21K ﹤0.01%
100,000
– –
FACA.WS
37
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
$20K ﹤0.01%
112,500
– –
MVLAW
38
DELISTED
Movella Holdings Inc. Warrant
MVLAW
$16K ﹤0.01%
125,265
– –
ANAC.WS
39
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
$12K ﹤0.01%
100,000
– –
DAVEW icon
40
Dave Inc Warrants
DAVEW
$34.3M
$11K ﹤0.01%
125,000
– –
MKFG.WS
41
DELISTED
Markforged Holding Corporation Warrants, each whole warrant exercisable to purchase one-tenth (1/10th) of a share of Common Stock at an exercise price of $115.00 per share
MKFG.WS
$8K ﹤0.01%
25,000
– –
DV icon
42
DoubleVerify
DV
$1.62B
– –
-319,800
Closed -$8.05M
HLLY icon
43
Holley
HLLY
$314M
– –
-895,606
Closed -$12.5M
1
2

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APM
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CI
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MIG
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SPA
Sherbrooke Park Advisers White Plains, New York $38.7M AUM 5.29% 1-Year Est. Return
SM
Southport Management Wilson, Wyoming $28.6M AUM 41.61% 1-Year Est. Return
2C
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SIM
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SWM
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Indaba Capital Management's Q2 2022 Portfolio in Review

As of Q2 2022, Indaba Capital Management held 50 positions worth $760M, down 14% from $883M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Indaba Capital Management withdrew a net $54.9M in Q2 2022, closing 2 positions and reducing 6 holdings. Its most notable exit was Holley, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 38% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Indaba Capital Management opened a new position in ZENDESK INC worth $58M.

  • Indaba Capital Management's largest Q2 2022 buy was ZENDESK INC: 782,700 shares worth $58M.
  • Indaba Capital Management added most to Momentive Global Inc. Common Stock in Q2 2022, an estimated $12.2M increase.
  • Indaba Capital Management's biggest Q2 2022 reduction was ironSource Ltd., cutting an estimated $29.7M.
  • Indaba Capital Management fully exited Holley in Q2 2022, selling an estimated $12.5M.
  • Indaba Capital Management's ten largest holdings make up 57% of its $760M portfolio in Q2 2022.
  • Indaba Capital Management opened 5 new positions and closed 2 in Q2 2022.
  • Indaba Capital Management's portfolio value fell 14% quarter-over-quarter to $760M.

Based on Indaba Capital Management's 13F filing for Q2 2022, filed 15 Aug 2022.