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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
-0.83%
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
$290M
AUM Growth
+$21.9M
Cap. Flow
-$13M
Cap. Flow %
-4.48%
Top 10 Hldgs %
97.3%
Holding
17
New
4
Increased
1
Reduced
3
Closed
5

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$29.4M
2
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
+$29.1M
3
BXLT
BAXALTA INC COM STK (DE)
BXLT
+$26.4M
4
NYRT
New York REIT, Inc.
NYRT
+$23.8M
5
SNDK
SANDISK CORP
SNDK
+$21.8M

Top Sells

Rank Stock Value
1
SWI
SOLARWINDS INC COM STK (DE)
SWI
+$25.2M
2
SLH
SOLERA HOLDINGS, INC. COM
SLH
+$22.9M
3
CCG
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
+$20.6M
4
HE icon
Hawaiian Electric Industries
HE
+$19.4M
5
EMC
EMC CORPORATION
EMC
+$11.2M

Sector Composition

Rank Sector Weight
1 Energy 29.24%
2 Real Estate 20.23%
3 Consumer Discretionary 10.35%
4 Healthcare 9.49%
5 Communication Services 2.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YHOO
1
DELISTED
Yahoo Inc
YHOO
$84.8M 29.24%
2,302,900
-12,000
-0.5% -$376K
NYRT
2
DELISTED
New York REIT, Inc.
NYRT
$31.6M 10.91%
313,142
+236,809
+310% +$23.8M
LVNTA
3
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
$30M 10.35%
+766,759
New +$29.1M
AGN
4
DELISTED
Allergan plc
AGN
$27.5M 9.49%
+102,600
New +$29.4M
BXLT
5
DELISTED
BAXALTA INC COM STK (DE)
BXLT
$26.9M 9.29%
+666,749
New +$26.4M
SNDK
6
DELISTED
SANDISK CORP
SNDK
$23M 7.94%
+302,500
New +$21.8M
FCE.A
7
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$21.3M 7.34%
1,008,517
– –
CVC
8
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$8.61M 2.97%
260,951
-9,049
-3% -$292K
MORE
9
DELISTED
Monogram Residential Trust, Inc.
MORE
$5.74M 1.98%
582,403
-1,129,250
-66% -$10.3M
OHAI
10
DELISTED
OHA Investment Corporation
OHAI
$2.08M 0.72%
612,125
– –
HE icon
11
Hawaiian Electric Industries
HE
$2.33B
– –
-670,477
Closed -$19.4M
EMC
12
DELISTED
EMC CORPORATION
EMC
– –
-435,000
Closed -$11.2M
SLH
13
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
– –
-418,458
Closed -$22.9M
CCG
14
DELISTED
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
– –
-3,022,204
Closed -$20.6M
SWI
15
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
– –
-428,477
Closed -$25.2M

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APM
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CI
Centerstone Investors New York $31.8M AUM 32.46% 1-Year Est. Return
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
Stark Wealth Management Bethlehem, Pennsylvania $26.6M AUM 23.19% 1-Year Est. Return

Indaba Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Indaba Capital Management held 17 positions worth $290M, up 8.2% from $268M the previous quarter. Its ten largest holdings account for 97% of the portfolio.

Indaba Capital Management withdrew a net $13M in Q1 2016, closing 5 positions and reducing 3 holdings. Its most notable exit was SOLARWINDS INC COM STK (DE), an estimated $25.2M position sold in full.

By sector, the portfolio is most concentrated in Energy at 29% of assets, up from 29% a quarter earlier, followed by Real Estate and Consumer Discretionary.

Against the trend, Indaba Capital Management opened a new position in Allergan plc worth $27.5M.

  • Indaba Capital Management's largest Q1 2016 buy was Allergan plc: 102,600 shares worth $27.5M.
  • Indaba Capital Management added most to New York REIT, Inc. in Q1 2016, an estimated $23.8M increase.
  • Indaba Capital Management's biggest Q1 2016 reduction was Monogram Residential Trust, Inc., cutting an estimated $10.3M.
  • Indaba Capital Management fully exited SOLARWINDS INC COM STK (DE) in Q1 2016, selling an estimated $25.2M.
  • Indaba Capital Management's ten largest holdings make up 97% of its $290M portfolio in Q1 2016.
  • Indaba Capital Management opened 4 new positions and closed 5 in Q1 2016.
  • Indaba Capital Management's portfolio value rose 8.2% quarter-over-quarter to $290M.

Based on Indaba Capital Management's 13F filing for Q1 2016, filed 16 May 2016.