ICM

Indaba Capital Management Portfolio holdings

AUM $135M
This Quarter Return
-18.18%
1 Year Return
-10.02%
3 Year Return
+23.41%
5 Year Return
+36.42%
10 Year Return
+42.79%
AUM
$455M
AUM Growth
+$455M
Cap. Flow
+$135M
Cap. Flow %
29.62%
Top 10 Hldgs %
63.36%
Holding
32
New
10
Increased
6
Reduced
1
Closed
6

Top Buys

1
BCSF icon
Bain Capital Specialty
BCSF
$25.9M
2
SGI
Somnigroup International Inc.
SGI
$25.8M
3
GRPN icon
Groupon
GRPN
$23.9M
4
UHAL icon
U-Haul Holding Co
UHAL
$23.9M
5
COMM icon
CommScope
COMM
$23.3M

Top Sells

1
NYRT
New York REIT, Inc.
NYRT
$29.8M
2
NLSN
Nielsen Holdings plc
NLSN
$20.6M
3
ACEL icon
Accel Entertainment
ACEL
$15.1M
4
VVNT
Vivint Smart Home, Inc. Class A Common Stock
VVNT
$12.2M
5
RLJ.PRA icon
RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares
RLJ.PRA
$10.1M

Sector Composition

1 Consumer Discretionary 21.35%
2 Real Estate 15.64%
3 Communication Services 14.15%
4 Financials 5.68%
5 Industrials 5.24%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
EVRI
1
DELISTED
Everi Holdings
EVRI
$36.1M 7.93% 7,009,118 +1,959,438 +39% +$10.1M
BCSF icon
2
Bain Capital Specialty
BCSF
$1.03B
$25.9M 5.68% +1,542,827 New +$25.9M
SGI
3
Somnigroup International Inc.
SGI
$17.6B
$25.8M 5.68% +624,235 New +$25.8M
GRPN icon
4
Groupon
GRPN
$1.06B
$23.9M 5.25% +7,464,632 New +$23.9M
UHAL icon
5
U-Haul Holding Co
UHAL
$10.8B
$23.9M 5.24% +72,777 New +$23.9M
COMM icon
6
CommScope
COMM
$3.55B
$23.3M 5.12% +1,421,697 New +$23.3M
LNW icon
7
Light & Wonder
LNW
$7.76B
$22.9M 5.03% +1,281,230 New +$22.9M
CLPR
8
Clipper Realty
CLPR
$72.3M
$22.8M 5% 1,742,092 – –
RLJ.PRA icon
9
RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares
RLJ.PRA
$313M
$21.5M 4.72% 866,715 -405,582 -32% -$10.1M
SMTA
10
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
$20.8M 4.58% 2,923,075 +1,512,447 +107% +$10.8M
PLAY icon
11
Dave & Buster's
PLAY
$888M
$18.6M 4.09% +418,408 New +$18.6M
GDEN icon
12
Golden Entertainment
GDEN
$651M
$12.4M 2.71% 771,284 +245,444 +47% +$3.93M
CPLG
13
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
$11.3M 2.48% +923,136 New +$11.3M
STGW icon
14
Stagwell
STGW
$1.46B
$11.3M 2.48% 4,327,415 +3,905,948 +927% +$10.2M
ILPT
15
Industrial Logistics Properties Trust
ILPT
$409M
$11.1M 2.44% 563,775 +189,139 +50% +$3.72M
RVI
16
DELISTED
Retail Value Inc. Common Shares
RVI
$10.7M 2.34% +416,220 New +$10.7M
WOW icon
17
WideOpenWest
WOW
$437M
$10.6M 2.33% 1,488,193 +419,103 +39% +$2.99M
ACR
18
ACRES Commercial Realty
ACR
$156M
$5.64M 1.24% 562,938 – –
LAB icon
19
Standard BioTools
LAB
$481M
$3.45M 0.76% +400,000 New +$3.45M
TPGH.WS
20
DELISTED
TPG Pace Holdings Corp. Warrants, each exercisable for one Class A Ordinary Share at an exercise pri
TPGH.WS
$500K 0.11% 500,000 – –
MOSC.WS
21
DELISTED
Mosaic Acquisition Corp. Warrants, each exercisable for one Class A Common Stock at an exercise pric
MOSC.WS
$413K 0.09% 416,667 – –
ACEL icon
22
Accel Entertainment
ACEL
$977M
– – -1,500,000 Closed -$15.1M
WSC icon
23
WillScot Mobile Mini Holdings
WSC
$4.41B
– – -318,026 Closed -$5.45M
AY
24
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
– – -163,120 Closed -$3.36M
VVNT
25
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
– – -1,250,001 Closed -$12.2M
1
2