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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
-2.71%
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
$605M
AUM Growth
+$99.4M
Cap. Flow
-$18.2M
Cap. Flow %
-3.01%
Top 10 Hldgs %
81.41%
Holding
23
New
4
Increased
6
Reduced
–
Closed
2

Top Buys

Rank Stock Value
1
LADR
Ladder Capital
LADR
+$33.7M
2
EQC
Equity Commonwealth
EQC
+$30.3M
3
LTRPA
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
+$21.2M
4
NYRT
New York REIT, Inc.
NYRT
+$20.4M
5
TNC icon
Tennant Co
TNC
+$16.9M

Top Sells

Rank Stock Value
1
HRG
HRG Group, Inc.
HRG
+$46.2M
2
ACTA
Actua Corp
ACTA
+$23M

Sector Composition

Rank Sector Weight
1 Technology 30.04%
2 Real Estate 23.66%
3 Industrials 5.14%
4 Consumer Discretionary 5.05%
5 Utilities 4.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AABA
1
DELISTED
Altaba Inc
AABA
$160M 26.41%
2,159,387
+150,000
+7% +$11.3M
NYRT
2
DELISTED
New York REIT, Inc.
NYRT
$35.4M 5.85%
1,645,661
+755,498
+85% +$20.4M
LADR
3
Ladder Capital
LADR
$1.25B
$34.7M 5.73%
+2,300,088
New +$33.7M
RLJ.PRA icon
4
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$323M
$32.3M 5.33%
1,272,297
– –
EQC
5
DELISTED
Equity Commonwealth
EQC
$31.3M 5.17%
+1,020,504
New +$30.3M
AY
6
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
$26.2M 4.32%
1,335,765
+304,063
+29% +$6.17M
LTRPA
7
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
$22M 3.63%
+2,044,031
New +$21.2M
TNC icon
8
Tennant Co
TNC
$1.5B
$18.9M 3.13%
279,681
+249,019
+812% +$16.9M
EVRI
9
DELISTED
Everi Holdings
EVRI
$15.9M 2.63%
2,418,730
+1,562,009
+182% +$11.6M
WOW
10
DELISTED
WideOpenWest
WOW
$15.5M 2.56%
2,167,969
– –
CLPR
11
Clipper Realty
CLPR
$46.5M
$14.8M 2.44%
1,742,092
+1,981
+0.1% +$17.9K
ACEL icon
12
Accel Entertainment
ACEL
$979M
$14.7M 2.43%
1,500,000
– –
SIR
13
DELISTED
SELECT INCOME REIT
SIR
$13.8M 2.28%
+1,612,054
New +$14.7M
TRTX
14
TPG RE Finance Trust
TRTX
$666M
$13.3M 2.19%
667,555
– –
VVNT
15
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
$12.2M 2.01%
1,250,001
– –
TPGH.WS
16
DELISTED
TPG Pace Holdings Corp. Warrants, each exercisable for one Class A Ordinary Share at an exercise pri
TPGH.WS
$790K 0.13%
500,000
– –
MOSC.WS
17
DELISTED
Mosaic Acquisition Corp. Warrants, each exercisable for one Class A Common Stock at an exercise pric
MOSC.WS
$521K 0.09%
416,667
– –
ACTA
18
DELISTED
Actua Corp
ACTA
– –
-1,473,327
Closed -$23M
HRG
19
DELISTED
HRG Group, Inc.
HRG
– –
-2,727,659
Closed -$46.2M

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 Q1 2018 Portfolio in Review

As of Q1 2018, Indaba Capital Management held 23 positions worth $605M, up 20% from $506M the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Indaba Capital Management withdrew a net $18.2M in Q1 2018, closing 2 positions. Its most notable exit was HRG Group, Inc., an estimated $46.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, down from 32% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Indaba Capital Management opened a new position in Ladder Capital worth $34.7M.

  • Indaba Capital Management's largest Q1 2018 buy was Ladder Capital: 2,300,088 shares worth $34.7M.
  • Indaba Capital Management added most to New York REIT, Inc. in Q1 2018, an estimated $20.4M increase.
  • Indaba Capital Management fully exited HRG Group, Inc. in Q1 2018, selling an estimated $46.2M.
  • Indaba Capital Management's ten largest holdings make up 81% of its $605M portfolio in Q1 2018.
  • Indaba Capital Management opened 4 new positions and closed 2 in Q1 2018.
  • Indaba Capital Management's portfolio value rose 20% quarter-over-quarter to $605M.

Based on Indaba Capital Management's 13F filing for Q1 2018, filed 15 May 2018.