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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
+8.35%
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
$249M
AUM Growth
-$30.4M
(-11%)
Cap. Flow
-$88.8M
Cap. Flow
% of AUM
-35.58%
Top 10 Holdings %
Top 10 Hldgs %
95.97%
Holding
18
New
2
Increased
2
Reduced
3
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HRG
HRG Group, Inc.
HRG
|
+$34.7M |
| 2 |
CVT
CVENT, INC.
CVT
|
+$19.2M |
| 3 |
LSB Industries
LXU
|
+$9.05M |
| 4 |
EVRI
Everi Holdings
EVRI
|
+$119K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$47.9M |
| 2 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$13.7M |
| 3 |
NYRT
New York REIT, Inc.
NYRT
|
+$10.6M |
| 4 |
ODP
ODP
ODP
|
+$10.4M |
| 5 |
BLOX
Infoblox Inc
BLOX
|
+$9.78M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 20.87% |
| 2 | Energy | 19.6% |
| 3 | Consumer Discretionary | 15.3% |
| 4 | Industrials | 14.41% |
| 5 | Technology | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
YHOO
1
DELISTED
Yahoo Inc
YHOO
| $48.9M | 19.6% |
1,134,554
-1,168,346
| -51% | -$47.9M |
|
|
HRG
2
DELISTED
HRG Group, Inc.
HRG
| $36M | 14.41% |
+2,289,953
| New | +$34.7M |
|
|
LVNTA
3
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $30M | 12.04% |
753,359
-350,600
| -32% | -$13.7M |
|
|
NYRT
4
DELISTED
New York REIT, Inc.
NYRT
| $28.7M | 11.52% |
314,136
-111,252
| -26% | -$10.6M |
|
|
FCE.A
5
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $23.3M | 9.35% |
1,008,517
| – | – |
|
|
CVT
6
DELISTED
CVENT, INC.
CVT
| $18.7M | 7.48% |
+588,377
| New | +$19.2M |
|
|
7
LSB Industries
LXU
$881M
| $9.57M | 3.84% |
1,450,661
+1,064,722
| +276% | +$9.05M |
|
|
EVRI
8
DELISTED
Everi Holdings
EVRI
| $8.13M | 3.26% |
3,291,411
+60,000
| +2% | +$119K |
|
|
OHAI
9
DELISTED
OHA Investment Corporation
OHAI
| $1.92M | 0.77% |
612,125
| – | – |
|
10
PUT
Boston Properties
BXP
$11B
| – | – |
-95,000
| Closed | -$12.5M |
|
|
ODP
11
DELISTED
ODP
ODP
| – | – |
-313,000
| Closed | -$10.4M |
|
12
PUT
SL Green Realty
SLG
$3.88B
| – | – |
-64,564
| Closed | -$6.65M |
|
|
STKL
13
DELISTED
SunOpta
STKL
| – | – |
-531,846
| Closed | -$2.23M |
|
|
GNC
14
CALL
DELISTED
GNC Holdings, Inc.
GNC
| – | – |
-79,300
| Closed | -$1.93M |
|
|
BLOX
15
DELISTED
Infoblox Inc
BLOX
| – | – |
-521,549
| Closed | -$9.78M |
|
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Indaba Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Indaba Capital Management held 18 positions worth $249M, down 11% from $280M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Indaba Capital Management withdrew a net $88.8M in Q3 2016, closing 6 positions and reducing 3 holdings. Its most notable exit was ODP, an estimated $10.4M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 21% of assets, down from 22% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Indaba Capital Management opened a new position in HRG Group, Inc. worth $36M.
- Indaba Capital Management's largest Q3 2016 buy was HRG Group, Inc.: 2,289,953 shares worth $36M.
- Indaba Capital Management added most to LSB Industries in Q3 2016, an estimated $9.05M increase.
- Indaba Capital Management's biggest Q3 2016 reduction was Yahoo Inc, cutting an estimated $47.9M.
- Indaba Capital Management fully exited ODP in Q3 2016, selling an estimated $10.4M.
- Indaba Capital Management's ten largest holdings make up 96% of its $249M portfolio in Q3 2016.
- Indaba Capital Management opened 2 new positions and closed 6 in Q3 2016.
- Indaba Capital Management's portfolio value fell 11% quarter-over-quarter to $249M.
Based on Indaba Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.