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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
-2.84%
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
$229M
AUM Growth
-$20.9M
(-8.4%)
Cap. Flow
-$82.4M
Cap. Flow
% of AUM
-36.06%
Top 10 Holdings %
Top 10 Hldgs %
99.2%
Holding
15
New
2
Increased
2
Reduced
2
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$14.5M |
| 2 |
CSOD
Cornerstone OnDemand, Inc.
CSOD
|
+$12.9M |
| 3 |
HRG
HRG Group, Inc.
HRG
|
+$5.78M |
| 4 |
RC
Ready Capital
RC
|
+$777K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FCE.A
Forest City Realty Trust, Inc.
FCE.A
|
+$23.3M |
| 2 |
CVT
CVENT, INC.
CVT
|
+$18.7M |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$13.9M |
| 4 |
LSB Industries
LXU
|
+$9.57M |
| 5 |
NYRT
New York REIT, Inc.
NYRT
|
+$6.65M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.23% |
| 2 | Industrials | 18.16% |
| 3 | Energy | 13.44% |
| 4 | Real Estate | 11.17% |
| 5 | Materials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HRG
1
DELISTED
HRG Group, Inc.
HRG
| $41.5M | 18.16% |
2,668,453
+378,500
| +17% | +$5.78M |
|
|
LVNTA
2
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $41.4M | 18.1% |
1,122,615
+369,256
| +49% | +$14.5M |
|
|
YHOO
3
DELISTED
Yahoo Inc
YHOO
| $30.7M | 13.44% |
794,554
-340,000
| -30% | -$13.9M |
|
|
NYRT
4
DELISTED
New York REIT, Inc.
NYRT
| $24.8M | 10.83% |
244,772
-69,364
| -22% | -$6.65M |
|
|
CSOD
5
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $13.7M | 6.01% |
+324,700
| New | +$12.9M |
|
|
EVRI
6
DELISTED
Everi Holdings
EVRI
| $7.14M | 3.12% |
3,291,411
| – | – |
|
|
OHAI
7
DELISTED
OHA Investment Corporation
OHAI
| $1.06M | 0.46% |
612,125
| – | – |
|
|
RC
8
Ready Capital
RC
$265M
| $774K | 0.34% |
+57,567
| New | +$777K |
|
|
9
LSB Industries
LXU
$881M
| – | – |
-1,450,661
| Closed | -$9.57M |
|
|
FCE.A
10
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| – | – |
-1,008,517
| Closed | -$23.3M |
|
|
CVT
11
DELISTED
CVENT, INC.
CVT
| – | – |
-588,377
| Closed | -$18.7M |
|
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Indaba Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Indaba Capital Management held 15 positions worth $229M, down 8.4% from $249M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Indaba Capital Management withdrew a net $82.4M in Q4 2016, closing 3 positions and reducing 2 holdings. Its most notable exit was Forest City Realty Trust, Inc., an estimated $23.3M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 15% a quarter earlier, followed by Industrials and Energy.
Against the trend, Indaba Capital Management opened a new position in Cornerstone OnDemand, Inc. worth $13.7M.
- Indaba Capital Management's largest Q4 2016 buy was Cornerstone OnDemand, Inc.: 324,700 shares worth $13.7M.
- Indaba Capital Management added most to Liberty Interactive Corporation Series A Liberty Ventures in Q4 2016, an estimated $14.5M increase.
- Indaba Capital Management's biggest Q4 2016 reduction was Yahoo Inc, cutting an estimated $13.9M.
- Indaba Capital Management fully exited Forest City Realty Trust, Inc. in Q4 2016, selling an estimated $23.3M.
- Indaba Capital Management's ten largest holdings make up 99% of its $229M portfolio in Q4 2016.
- Indaba Capital Management opened 2 new positions and closed 3 in Q4 2016.
- Indaba Capital Management's portfolio value fell 8.4% quarter-over-quarter to $229M.
Based on Indaba Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.