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ICM

Indaba Capital Management Portfolio holdings

AUM $33.8M
1-Year Est. Return 33.83%
This Fund
S&P 500
This Quarter Est. Return
-6.91%
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
$206M
AUM Growth
-$89.7M
Cap. Flow
-$123M
Cap. Flow %
-59.93%
Top 10 Hldgs %
100%
Holding
18
New
1
Increased
2
Reduced
1
Closed
8

Top Buys

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$18.6M
2
GSBD icon
Goldman Sachs BDC
GSBD
+$13.5M
3
SNC
State National Companies, Inc.
SNC
+$27K

Top Sells

Rank Stock Value
1
AVID
Avid Technology Inc
AVID
+$35.4M
2
SXC icon
SunCoke Energy
SXC
+$18.8M
3
EXPR
Express, Inc.
EXPR
+$18.7M
4
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$18.6M
5
FUR
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
+$16.9M

Sector Composition

Rank Sector Weight
1 Financials 28.26%
2 Energy 27.41%
3 Materials 5.07%
4 Communication Services 0%
5 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YHOO
1
DELISTED
Yahoo Inc
YHOO
$56.4M 27.41%
1,269,400
+412,000
+48% +$18.6M
SNC
2
DELISTED
State National Companies, Inc.
SNC
$23.1M 11.24%
2,325,506
+2,710
+0.1% +$27K
IFT
3
DELISTED
IMPERIAL HLDGS INC COM STK (FL)
IFT
$14.6M 7.12%
2,100,876
– –
GSBD icon
4
Goldman Sachs BDC
GSBD
$975M
$13.5M 6.55%
+652,139
New +$13.5M
SXC icon
5
SunCoke Energy
SXC
$757M
$10.4M 5.07%
698,383
-1,100,322
-61% -$18.8M
GEG icon
6
Great Elm Group
GEG
$68.4M
$6.9M 3.35%
1,005,732
– –
OHAI
7
DELISTED
OHA Investment Corporation
OHAI
$3.23M 1.57%
612,125
– –
PLAY icon
8
Dave & Buster's
PLAY
$343M
– –
-361,000
Closed -$9.86M
EXPR
9
DELISTED
Express, Inc.
EXPR
– –
-63,561
Closed -$18.7M
AVID
10
DELISTED
Avid Technology Inc
AVID
– –
-2,493,956
Closed -$35.4M
MYCC
11
DELISTED
ClubCorp Holdings, Inc.
MYCC
– –
-784,366
Closed -$14.1M
PCO
12
DELISTED
Pendrell Corporation - Class A
PCO
– –
-6,278
Closed -$8.66M
FUR
13
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
– –
-1,082,723
Closed -$16.9M
LTM
14
DELISTED
LIFE TIME FITNESS INC
LTM
– –
-257,355
Closed -$14.6M
TRCO
15
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
– –
-311,000
Closed -$18.6M

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APM
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CI
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MIG
Meketa Investment Group Westwood, Massachusetts $29.6M AUM 2.01% 1-Year Est. Return
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
Sandia Investment Management Boston, Massachusetts $40.1M AUM 14.58% 1-Year Est. Return
SWM
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Indaba Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Indaba Capital Management held 18 positions worth $206M, down 30% from $295M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Indaba Capital Management withdrew a net $123M in Q1 2015, closing 8 positions and reducing 1 holding. Its most notable exit was Avid Technology Inc, an estimated $35.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 18% a quarter earlier, followed by Energy and Materials.

Against the trend, Indaba Capital Management opened a new position in Goldman Sachs BDC worth $13.5M.

  • Indaba Capital Management's largest Q1 2015 buy was Goldman Sachs BDC: 652,139 shares worth $13.5M.
  • Indaba Capital Management added most to Yahoo Inc in Q1 2015, an estimated $18.6M increase.
  • Indaba Capital Management's biggest Q1 2015 reduction was SunCoke Energy, cutting an estimated $18.8M.
  • Indaba Capital Management fully exited Avid Technology Inc in Q1 2015, selling an estimated $35.4M.
  • Indaba Capital Management's ten largest holdings make up 100% of its $206M portfolio in Q1 2015.
  • Indaba Capital Management opened 1 new position and closed 8 in Q1 2015.
  • Indaba Capital Management's portfolio value fell 30% quarter-over-quarter to $206M.

Based on Indaba Capital Management's 13F filing for Q1 2015, filed 15 May 2015.