We are live on ! Find out more
ICM

Indaba Capital Management Portfolio holdings

AUM $33.8M
1-Year Est. Return 33.83%
This Fund
S&P 500
This Quarter Est. Return
-2.61%
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
$506M
AUM Growth
-$88.1M
Cap. Flow
-$131M
Cap. Flow %
-25.82%
Top 10 Hldgs %
90.23%
Holding
25
New
4
Increased
4
Reduced
4
Closed
8

Top Buys

Rank Stock Value
1
RLJ.PRA icon
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
+$35.5M
2
ACTA
Actua Corp
ACTA
+$19.1M
3
NYRT
New York REIT, Inc.
NYRT
+$12.8M
4
VVNT
Vivint Smart Home, Inc. Class A Common Stock
VVNT
+$12.1M
5
WOW
WideOpenWest
WOW
+$2.76M

Top Sells

Rank Stock Value
1
HRG
HRG Group, Inc.
HRG
+$28.7M
2
DEL
Deltic Timber
DEL
+$23.4M
3
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$21M
4
GIMO
Gigamon Inc.
GIMO
+$20.8M
5
HAIN icon
Hain Celestial
HAIN
+$18.2M

Sector Composition

Rank Sector Weight
1 Technology 32.29%
2 Real Estate 12.87%
3 Industrials 11.98%
4 Communication Services 4.53%
5 Utilities 4.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AABA
1
DELISTED
Altaba Inc
AABA
$140M 27.74%
2,009,387
– –
HRG
2
DELISTED
HRG Group, Inc.
HRG
$46.2M 9.14%
2,727,659
-1,775,508
-39% -$28.7M
NYRT
3
DELISTED
New York REIT, Inc.
NYRT
$35M 6.92%
890,163
+199,315
+29% +$12.8M
RLJ.PRA icon
4
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$323M
$34.4M 6.79%
+1,272,297
New +$35.5M
ACTA
5
DELISTED
Actua Corp
ACTA
$23M 4.54%
1,473,327
+1,227,269
+499% +$19.1M
WOW
6
DELISTED
WideOpenWest
WOW
$22.9M 4.53%
2,167,969
+234,767
+12% +$2.76M
AY
7
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
$21.9M 4.33%
1,031,702
-249,291
-19% -$5.44M
CLPR
8
Clipper Realty
CLPR
$46.5M
$17.4M 3.44%
1,740,111
+26,560
+2% +$281K
ACEL icon
9
Accel Entertainment
ACEL
$979M
$14.6M 2.89%
1,500,000
– –
TRTX
10
TPG RE Finance Trust
TRTX
$666M
$12.7M 2.51%
667,555
-57,445
-8% -$1.12M
VVNT
11
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
$12.1M 2.4%
+1,250,001
New +$12.1M
EVRI
12
DELISTED
Everi Holdings
EVRI
$6.46M 1.28%
856,721
-624,513
-42% -$5.04M
TNC icon
13
Tennant Co
TNC
$1.5B
$2.23M 0.44%
+30,662
New +$2.05M
TPGH.WS
14
DELISTED
TPG Pace Holdings Corp. Warrants, each exercisable for one Class A Ordinary Share at an exercise pri
TPGH.WS
$775K 0.15%
500,000
– –
MOSC.WS
15
DELISTED
Mosaic Acquisition Corp. Warrants, each exercisable for one Class A Common Stock at an exercise pric
MOSC.WS
$542K 0.11%
+416,667
New +$523K
HAIN icon
16
Hain Celestial
HAIN
$47.8M
– –
-443,400
Closed -$18.2M
PRKS icon
17
United Parks & Resorts
PRKS
$2.11B
– –
-760,000
Closed -$9.87M
CSOD
18
DELISTED
Cornerstone OnDemand, Inc.
CSOD
– –
-517,407
Closed -$21M
IMPV
19
DELISTED
Imperva, Inc.
IMPV
– –
-94,572
Closed -$4.1M
ILG
20
DELISTED
ILG, Inc Common Stock
ILG
– –
-612,822
Closed -$16.4M
DEL
21
DELISTED
Deltic Timber
DEL
– –
-264,906
Closed -$23.4M
GIMO
22
DELISTED
Gigamon Inc.
GIMO
– –
-494,211
Closed -$20.8M
ABCO
23
PUT
DELISTED
Advisory Board Co
ABCO
– –
-100,000
Closed -$5.36M

Similar funds

APM
Advanced Portfolio Management New York $32.8M AUM 6.64% 1-Year Est. Return
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
272 Capital Dallas, Texas $40M AUM 150.07% 1-Year Est. Return
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 Q4 2017 Portfolio in Review

As of Q4 2017, Indaba Capital Management held 25 positions worth $506M, down 15% from $594M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Indaba Capital Management withdrew a net $131M in Q4 2017, closing 8 positions and reducing 4 holdings. Its most notable exit was Deltic Timber, an estimated $23.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 27% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Indaba Capital Management opened a new position in RLJ Lodging Trust $1.95 Series A Preferred Stock worth $34.4M.

  • Indaba Capital Management's largest Q4 2017 buy was RLJ Lodging Trust $1.95 Series A Preferred Stock: 1,272,297 shares worth $34.4M.
  • Indaba Capital Management added most to Actua Corp in Q4 2017, an estimated $19.1M increase.
  • Indaba Capital Management's biggest Q4 2017 reduction was HRG Group, Inc., cutting an estimated $28.7M.
  • Indaba Capital Management fully exited Deltic Timber in Q4 2017, selling an estimated $23.4M.
  • Indaba Capital Management's ten largest holdings make up 90% of its $506M portfolio in Q4 2017.
  • Indaba Capital Management opened 4 new positions and closed 8 in Q4 2017.
  • Indaba Capital Management's portfolio value fell 15% quarter-over-quarter to $506M.

Based on Indaba Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.