ICM

Indaba Capital Management Portfolio holdings

AUM $135M
This Quarter Return
-43.78%
1 Year Return
-10.02%
3 Year Return
+23.41%
5 Year Return
+36.42%
10 Year Return
+42.79%
AUM
$186M
AUM Growth
+$186M
Cap. Flow
+$59.9M
Cap. Flow %
32.3%
Top 10 Hldgs %
83.1%
Holding
28
New
12
Increased
3
Reduced
1
Closed
7

Top Buys

1
CSOD
Cornerstone OnDemand, Inc.
CSOD
$33.3M
2
SBGI icon
Sinclair Inc
SBGI
$19.3M
3
PPD
PPD, Inc. Common Stock
PPD
$18.1M
4
BERY
Berry Global Group, Inc.
BERY
$10.3M
5
BL icon
BlackLine
BL
$6.01M

Top Sells

1
ACR
ACRES Commercial Realty
ACR
$13.2M
2
DBD
Diebold Nixdorf Incorporated
DBD
$10.5M
3
BCSF icon
Bain Capital Specialty
BCSF
$8.36M
4
ILPT
Industrial Logistics Properties Trust
ILPT
$7.4M
5
PRTY
Party City Holdco Inc.
PRTY
$4.95M

Sector Composition

1 Communication Services 18.95%
2 Real Estate 18.18%
3 Healthcare 14.97%
4 Consumer Discretionary 11.15%
5 Materials 5.55%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
CSOD
1
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$33.3M 17.93% +1,047,908 New +$33.3M
SBGI icon
2
Sinclair Inc
SBGI
$1.01B
$19.3M 10.39% +1,198,502 New +$19.3M
PPD
3
DELISTED
PPD, Inc. Common Stock
PPD
$18.1M 9.74% +1,015,079 New +$18.1M
RVI
4
DELISTED
Retail Value Inc. Common Shares
RVI
$15.2M 8.21% 1,242,891 +161,719 +15% +$1.98M
EVRI
5
DELISTED
Everi Holdings
EVRI
$14.5M 7.8% 4,383,290 +176,701 +4% +$583K
STGW icon
6
Stagwell
STGW
$1.46B
$10.4M 5.61% 7,181,301 – –
BERY
7
DELISTED
Berry Global Group, Inc.
BERY
$10.3M 5.55% +305,249 New +$10.3M
LAB icon
8
Standard BioTools
LAB
$481M
$9.7M 5.23% 3,819,966 +496,978 +15% +$1.26M
CLPR
9
Clipper Realty
CLPR
$72.3M
$9.02M 4.86% 1,742,092 – –
GDEN icon
10
Golden Entertainment
GDEN
$651M
$6.23M 3.36% 942,099 – –
BL icon
11
BlackLine
BL
$3.36B
$6.01M 3.24% +114,308 New +$6.01M
WOW icon
12
WideOpenWest
WOW
$437M
$5.48M 2.95% +1,150,861 New +$5.48M
BRMK
13
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
$3.68M 1.99% +489,950 New +$3.68M
ABR icon
14
Arbor Realty Trust
ABR
$2.3B
$2.84M 1.53% +580,500 New +$2.84M
MIME
15
DELISTED
Mimecast Limited
MIME
$2.83M 1.53% +80,205 New +$2.83M
LADR
16
Ladder Capital
LADR
$1.48B
$1.56M 0.84% +330,000 New +$1.56M
TRTX
17
TPG RE Finance Trust
TRTX
$735M
$1.26M 0.68% +230,000 New +$1.26M
ACEL.WS
18
DELISTED
Accel Entertainment, Inc. Warrant, to purchase one Class A-1 Common Stock at an exercise price of $1
ACEL.WS
$750K 0.4% 500,000 – –
VVNT.WS
19
DELISTED
Vivint Smart Home, Inc. Warrants, each exercisable for one Class A Common Stock at an exercise price
VVNT.WS
$582K 0.31% +416,667 New +$582K
CBL
20
DELISTED
CBL& Associates Properties, Inc.
CBL
$127K 0.07% 632,561 -5,155,318 -89% -$1.04M
ACR
21
ACRES Commercial Realty
ACR
$156M
– – -1,113,740 Closed -$13.2M
BCSF icon
22
Bain Capital Specialty
BCSF
$1.03B
– – -423,213 Closed -$8.36M
ILPT
23
Industrial Logistics Properties Trust
ILPT
$409M
– – -330,201 Closed -$7.4M
DBD
24
DELISTED
Diebold Nixdorf Incorporated
DBD
– – -995,045 Closed -$10.5M
PRTY
25
DELISTED
Party City Holdco Inc.
PRTY
– – -2,116,000 Closed -$4.95M
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