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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
MKFG.WS
51
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
$34K ﹤0.01%
+25,000
New +$40.4K
CCC
52
CCC Intelligent Solutions
CCC
$3.56B
– –
-2,000,000
Closed -$19.9M
DAVE icon
53
Dave Inc
DAVE
$4.8B
– –
-15,625
Closed -$4.95M
DBX icon
54
Dropbox
DBX
$7.49B
– –
-1,438,852
Closed -$43.6M
QLYS icon
55
Qualys
QLYS
$4.99B
– –
-360,127
Closed -$36.3M
SMRT icon
56
SmartRent
SMRT
$197M
– –
-1,250,000
Closed -$15.4M
VPCB
57
DELISTED
VPC Impact Acquisition Holdings II Class A ordinary shre
VPCB
– –
-500,000
Closed -$4.87M
WPCA
58
DELISTED
Warburg Pincus Capital Corporation I-A
WPCA
– –
-300,000
Closed -$2.94M
CPARU
59
DELISTED
Catalyst Partners Acquisition Corp. Unit
CPARU
– –
-500,000
Closed -$5.05M
PACX
60
DELISTED
Pioneer Merger Corp. Class A Ordinary Share
PACX
– –
-600,000
Closed -$5.95M
CRU
61
DELISTED
Crucible Acquisition Corporation
CRU
– –
-1,000,000
Closed -$9.7M
DGNS
62
DELISTED
Dragoneer Growth Opportunities Corp. II Class A Ordinary Shares
DGNS
– –
-1,000,000
Closed -$10.1M
CSOD
63
DELISTED
Cornerstone OnDemand, Inc.
CSOD
– –
-1,144,097
Closed -$59M
SRNGW
64
DELISTED
Soaring Eagle Acquisition Corp. Warrant
SRNGW
– –
-100,000
Closed -$330K
SRNG
65
DELISTED
Soaring Eagle Acquisition Corp. Class A Ordinary Share
SRNG
– –
-500,000
Closed -$4.98M
SPNV.WS
66
DELISTED
Supernova Partners Acquisition Company, Inc. Warrants, each whole warrant exercisable for one share
SPNV.WS
– –
-266,667
Closed -$411K
AJAX.WS
67
DELISTED
Capri Listco Redeemable Warrants, each warrant exercisable for one Class A ordinary share at an exer
AJAX.WS
– –
-750,000
Closed -$1.4M
DGNR.WS
68
DELISTED
Dragoneer Growth Opportunities Corp. Redeemable warrants, each whole warrant exercisable for one Cla
DGNR.WS
– –
-600,000
Closed -$1.21M
HOME
69
DELISTED
At Home Group Inc.
HOME
– –
-466,160
Closed -$17.2M
EMPW.WS
70
DELISTED
Empower Ltd. Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at a
EMPW.WS
– –
-669,159
Closed -$1.26M
AONE.WS
71
DELISTED
one Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of
AONE.WS
– –
-25,000
Closed -$58K
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 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.