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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
+2.57%
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
$594M
AUM Growth
+$150M
Cap. Flow
+$55.1M
Cap. Flow %
9.27%
Top 10 Hldgs %
75.46%
Holding
28
New
10
Increased
6
Reduced
3
Closed
5

Top Buys

Rank Stock Value
1
NYRT
New York REIT, Inc.
NYRT
+$32.3M
2
HRG
HRG Group, Inc.
HRG
+$21M
3
DEL
Deltic Timber
DEL
+$20.1M
4
WOW
WideOpenWest
WOW
+$19.3M
5
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$19.1M

Top Sells

Rank Stock Value
1
MYCC
ClubCorp Holdings, Inc.
MYCC
+$37M
2
FCH.PRA
Felcor Lodging Tr Ser A Cum Cv
FCH.PRA
+$27.2M
3
TPGH.U
TPG Pace Holdings Corp. Units, each consisting of one Class A ordinary share, $.0001 par value, and
TPGH.U
+$15.4M
4
AABA
Altaba Inc
AABA
+$11.3M
5
SNCR
Synchronoss Technologies
SNCR
+$9.87M

Sector Composition

Rank Sector Weight
1 Technology 27.24%
2 Real Estate 14.63%
3 Industrials 11.83%
4 Consumer Discretionary 6.05%
5 Communication Services 4.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AABA
1
DELISTED
Altaba Inc
AABA
$133M 22.41%
2,009,387
-185,000
-8% -$11.3M
HRG
2
DELISTED
HRG Group, Inc.
HRG
$70.3M 11.83%
4,503,167
+1,301,135
+41% +$21M
NYRT
3
DELISTED
New York REIT, Inc.
NYRT
$54.2M 9.13%
690,848
+388,745
+129% +$32.3M
WOW
4
DELISTED
WideOpenWest
WOW
$29.2M 4.91%
1,933,202
+1,190,081
+160% +$19.3M
AY
5
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
$25.2M 4.25%
1,280,993
+580,963
+83% +$12.1M
DEL
6
DELISTED
Deltic Timber
DEL
$23.4M 3.94%
+264,906
New +$20.1M
CSOD
7
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$21M 3.54%
+517,407
New +$19.1M
GIMO
8
DELISTED
Gigamon Inc.
GIMO
$20.8M 3.51%
494,211
-227,426
-32% -$9.28M
CLPR
9
Clipper Realty
CLPR
$46.5M
$18.4M 3.09%
1,713,551
+367
+0% +$4.1K
HAIN icon
10
Hain Celestial
HAIN
$47.8M
$18.2M 3.07%
+443,400
New +$18.3M
ILG
11
DELISTED
ILG, Inc Common Stock
ILG
$16.4M 2.76%
612,822
+58,000
+10% +$1.53M
ACEL icon
12
Accel Entertainment
ACEL
$979M
$14.8M 2.49%
+1,500,000
New +$14.7M
TRTX
13
TPG RE Finance Trust
TRTX
$666M
$14.3M 2.41%
+725,000
New +$14.4M
EVRI
14
DELISTED
Everi Holdings
EVRI
$11.2M 1.89%
1,481,234
-491,854
-25% -$3.7M
PRKS icon
15
United Parks & Resorts
PRKS
$2.11B
$9.87M 1.66%
+760,000
New +$10.4M
ABCO
16
PUT
DELISTED
Advisory Board Co
ABCO
$5.36M 0.9%
+100,000
New +$5.39M
IMPV
17
DELISTED
Imperva, Inc.
IMPV
$4.1M 0.69%
+94,572
New +$4.32M
ACTA
18
DELISTED
Actua Corp
ACTA
$3.77M 0.63%
+246,058
New +$3.24M
TPGH.WS
19
DELISTED
TPG Pace Holdings Corp. Warrants, each exercisable for one Class A Ordinary Share at an exercise pri
TPGH.WS
$800K 0.13%
+500,000
New +$719K
SNCR
20
DELISTED
Synchronoss Technologies
SNCR
– –
-66,667
Closed -$9.87M
TPGH.U
21
DELISTED
TPG Pace Holdings Corp. Units, each consisting of one Class A ordinary share, $.0001 par value, and
TPGH.U
– –
-1,500,000
Closed -$15.4M
GNCMA
22
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
– –
-88,504
Closed -$3.24M
MYCC
23
DELISTED
ClubCorp Holdings, Inc.
MYCC
– –
-2,827,926
Closed -$37M
FCH.PRA
24
DELISTED
Felcor Lodging Tr Ser A Cum Cv
FCH.PRA
– –
-974,021
Closed -$27.2M

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CI
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MIG
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SPA
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SM
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2C
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SIM
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SWM
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Indaba Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Indaba Capital Management held 28 positions worth $594M, up 34% from $444M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Indaba Capital Management deployed $55.1M of net new capital in Q3 2017, opening 10 new positions and adding to 6 existing holdings. Its largest new stake was Deltic Timber: 264,906 shares worth $23.4M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 36% a quarter earlier, followed by Real Estate and Industrials.

On the sell side, the largest reduction was Altaba Inc, an estimated $11.3M trimmed.

  • Indaba Capital Management's largest Q3 2017 buy was Deltic Timber: 264,906 shares worth $23.4M.
  • Indaba Capital Management added most to New York REIT, Inc. in Q3 2017, an estimated $32.3M increase.
  • Indaba Capital Management's biggest Q3 2017 reduction was Altaba Inc, cutting an estimated $11.3M.
  • Indaba Capital Management fully exited ClubCorp Holdings, Inc. in Q3 2017, selling an estimated $37M.
  • Indaba Capital Management's ten largest holdings make up 75% of its $594M portfolio in Q3 2017.
  • Indaba Capital Management opened 10 new positions and closed 5 in Q3 2017.
  • Indaba Capital Management's portfolio value rose 34% quarter-over-quarter to $594M.

Based on Indaba Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.