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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
+8.48%
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
$331M
AUM Growth
-$103M
Cap. Flow
-$193M
Cap. Flow %
-58.24%
Top 10 Hldgs %
81.16%
Holding
24
New
4
Increased
3
Reduced
3
Closed
3

Top Buys

Rank Stock Value
1
NLSN
Nielsen Holdings plc
NLSN
+$20M
2
SMTA
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
+$15M
3
GDEN
Golden Entertainment
GDEN
+$14.7M
4
EVRI
Everi Holdings
EVRI
+$14.2M
5
ACR
ACRES Commercial Realty
ACR
+$6.29M

Top Sells

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$123M
2
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
+$16.5M
3
SIR
SELECT INCOME REIT
SIR
+$14.5M
4
AY
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
+$12.1M
5
WOW
WideOpenWest
WOW
+$8.5M

Sector Composition

Rank Sector Weight
1 Real Estate 22.9%
2 Consumer Discretionary 22.35%
3 Industrials 11.54%
4 Communication Services 4.15%
5 Utilities 1.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EVRI
1
DELISTED
Everi Holdings
EVRI
$46.3M 13.98%
5,049,680
+1,735,163
+52% +$14.2M
RLJ.PRA icon
2
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$323M
$33.1M 9.98%
1,272,297
– –
NYRT
3
DELISTED
New York REIT, Inc.
NYRT
$29.9M 9.01%
1,645,561
– –
CLPR
4
Clipper Realty
CLPR
$46.5M
$23.6M 7.11%
1,742,092
– –
NLSN
5
DELISTED
Nielsen Holdings plc
NLSN
$20.6M 6.21%
+744,380
New +$20M
SMTA
6
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
$16.3M 4.9%
+1,410,628
New +$15M
ACEL icon
7
Accel Entertainment
ACEL
$979M
$15.1M 4.56%
1,500,000
– –
GDEN
8
DELISTED
Golden Entertainment
GDEN
$12.6M 3.81%
+525,840
New +$14.7M
VVNT
9
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
$12.2M 3.68%
1,250,001
– –
WOW
10
DELISTED
WideOpenWest
WOW
$12M 3.62%
1,069,090
-759,972
-42% -$8.5M
ILPT
11
Industrial Logistics Properties Trust
ILPT
$613M
$8.62M 2.6%
374,636
-345,089
-48% -$8M
ACR
12
ACRES Commercial Realty
ACR
$126M
$6.18M 1.87%
+187,646
New +$6.29M
WSC icon
13
WillScot Mobile Mini Holdings
WSC
$4.8B
$5.45M 1.65%
318,026
+70,000
+28% +$1.15M
AY
14
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
$3.36M 1.01%
163,120
-587,250
-78% -$12.1M
STGW icon
15
Stagwell
STGW
$1.84B
$1.75M 0.53%
421,467
+99,256
+31% +$485K
TPGH.WS
16
DELISTED
TPG Pace Holdings Corp. Warrants, each exercisable for one Class A Ordinary Share at an exercise pri
TPGH.WS
$875K 0.26%
500,000
– –
MOSC.WS
17
DELISTED
Mosaic Acquisition Corp. Warrants, each exercisable for one Class A Common Stock at an exercise pric
MOSC.WS
$546K 0.16%
416,667
– –
LSXMA
18
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
– –
-507,854
Closed -$16.5M
AABA
19
DELISTED
Altaba Inc
AABA
– –
-1,680,387
Closed -$123M
SIR
20
DELISTED
SELECT INCOME REIT
SIR
– –
-1,470,537
Closed -$14.5M

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 Q3 2018 Portfolio in Review

As of Q3 2018, Indaba Capital Management held 24 positions worth $331M, down 24% from $434M the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Indaba Capital Management withdrew a net $193M in Q3 2018, closing 3 positions and reducing 3 holdings. Its most notable exit was Altaba Inc, an estimated $123M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 23% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Indaba Capital Management opened a new position in Nielsen Holdings plc worth $20.6M.

  • Indaba Capital Management's largest Q3 2018 buy was Nielsen Holdings plc: 744,380 shares worth $20.6M.
  • Indaba Capital Management added most to Everi Holdings in Q3 2018, an estimated $14.2M increase.
  • Indaba Capital Management's biggest Q3 2018 reduction was Atlantica Sustainable Infrastructure plc Ordinary Shares, cutting an estimated $12.1M.
  • Indaba Capital Management fully exited Altaba Inc in Q3 2018, selling an estimated $123M.
  • Indaba Capital Management's ten largest holdings make up 81% of its $331M portfolio in Q3 2018.
  • Indaba Capital Management opened 4 new positions and closed 3 in Q3 2018.
  • Indaba Capital Management's portfolio value fell 24% quarter-over-quarter to $331M.

Based on Indaba Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.