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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
-3.33%
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
$933M
AUM Growth
-$11.4M
Cap. Flow
-$204M
Cap. Flow %
-21.88%
Top 10 Hldgs %
55.47%
Holding
64
New
5
Increased
6
Reduced
4
Closed
16

Top Buys

Rank Stock Value
1
HRT
HireRight Holdings Corporation
HRT
+$51.8M
2
BLND icon
Blend Labs
BLND
+$46M
3
CXM icon
Sprinklr
CXM
+$33.4M
4
FA icon
First Advantage
FA
+$24.1M
5
ONTF
ON24
ONTF
+$20.1M

Top Sells

Rank Stock Value
1
STGW icon
Stagwell
STGW
+$29M
2
RVI
Retail Value Inc. Common Shares
RVI
+$26.7M
3
PSFE icon
Paysafe
PSFE
+$26.4M
4
AGL icon
Agilon Health
AGL
+$13.1M
5
MSP
Datto Holding Corp.
MSP
+$10.7M

Sector Composition

Rank Sector Weight
1 Technology 39.7%
2 Industrials 7.86%
3 Communication Services 7.73%
4 Consumer Discretionary 5.92%
5 Financials 4.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ANAC
51
DELISTED
Arctos NorthStar Acquisition Corp.
ANAC
– –
-200,000
Closed -$1.95M
CPAR
52
DELISTED
Catalyst Partners Acquisition Corp. Class A Ordinary Share
CPAR
– –
-500,000
Closed -$4.87M
FACA
53
DELISTED
Figure Acquisition Corp. I
FACA
– –
-450,000
Closed -$4.43M
MSP
54
DELISTED
Datto Holding Corp.
MSP
– –
-447,404
Closed -$10.7M
RVI
55
DELISTED
Retail Value Inc. Common Shares
RVI
– –
-11,038,713
Closed -$26.7M
CCCS.WS
56
DELISTED
CCC Intelligent Solutions Holdings Inc. Redeemable warrants, each whole warrant exercisable for one
CCCS.WS
– –
-600,000
Closed -$1.39M
1 2
3

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MIG
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SPA
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Indaba Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Indaba Capital Management held 64 positions worth $933M, down 1.2% from $944M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Indaba Capital Management withdrew a net $204M in Q4 2021, closing 16 positions and reducing 4 holdings. Its most notable exit was Retail Value Inc. Common Shares, an estimated $26.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 37% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Indaba Capital Management opened a new position in HireRight Holdings Corporation worth $49.5M.

  • Indaba Capital Management's largest Q4 2021 buy was HireRight Holdings Corporation: 3,096,533 shares worth $49.5M.
  • Indaba Capital Management added most to Blend Labs in Q4 2021, an estimated $46M increase.
  • Indaba Capital Management's biggest Q4 2021 reduction was Stagwell, cutting an estimated $29M.
  • Indaba Capital Management fully exited Retail Value Inc. Common Shares in Q4 2021, selling an estimated $26.7M.
  • Indaba Capital Management's ten largest holdings make up 55% of its $933M portfolio in Q4 2021.
  • Indaba Capital Management opened 5 new positions and closed 16 in Q4 2021.
  • Indaba Capital Management's portfolio value fell 1.2% quarter-over-quarter to $933M.

Based on Indaba Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.