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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
+19.41%
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
$315M
AUM Growth
+$50.7M
Cap. Flow
-$19M
Cap. Flow %
-6.03%
Top 10 Hldgs %
81.65%
Holding
22
New
4
Increased
3
Reduced
1
Closed
7

Top Buys

Rank Stock Value
1
DGNR.U
Dragoneer Growth Opportunities Corp. Units, each consisting of one Class A ordinary share, and one-f
DGNR.U
+$35.6M
2
OBDC icon
Blue Owl Capital
OBDC
+$19.1M
3
BNFT
Benefitfocus, Inc.
BNFT
+$17.7M
4
HOME
At Home Group Inc.
HOME
+$14.5M
5
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$5.96M

Top Sells

Rank Stock Value
1
NLSN
Nielsen Holdings plc
NLSN
+$26.7M
2
HLF icon
Herbalife
HLF
+$19.5M
3
MIME
Mimecast Limited
MIME
+$14M
4
EB
Eventbrite
EB
+$4.29M
5
BCSF icon
Bain Capital Specialty
BCSF
+$3.46M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 16.12%
2 Communication Services 15.53%
3 Healthcare 9.36%
4 Real Estate 8.63%
5 Financials 5.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DGNR.U
1
DELISTED
Dragoneer Growth Opportunities Corp. Units, each consisting of one Class A ordinary share, and one-f
DGNR.U
$36.8M 11.68%
+3,000,000
New +$35.6M
CSOD
2
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$32.2M 10.23%
884,746
+165,800
+23% +$5.96M
LAB icon
3
Standard BioTools
LAB
$326M
$29.5M 9.36%
3,963,752
– –
ECHO
4
EchoStar
ECHO
$25.5B
$27.8M 8.83%
1,116,264
+44,065
+4% +$1.23M
EVRI
5
DELISTED
Everi Holdings
EVRI
$21.4M 6.82%
2,599,578
-267,165
-9% -$1.85M
OBDC icon
6
Blue Owl Capital
OBDC
$5.35B
$18.8M 5.96%
+1,555,218
New +$19.1M
BNFT
7
DELISTED
Benefitfocus, Inc.
BNFT
$18.1M 5.74%
+1,613,085
New +$17.7M
RVI
8
DELISTED
Retail Value Inc. Common Shares
RVI
$16.6M 5.28%
14,391,632
+851,060
+6% +$982K
HOME
9
DELISTED
At Home Group Inc.
HOME
$16.2M 5.16%
+1,093,000
New +$14.5M
STGW icon
10
Stagwell
STGW
$1.84B
$15.1M 4.8%
9,377,399
– –
GDEN
11
DELISTED
Golden Entertainment
GDEN
$13M 4.14%
942,099
– –
CLPR
12
Clipper Realty
CLPR
$46.5M
$10.5M 3.35%
1,742,092
– –
WOW
13
DELISTED
WideOpenWest
WOW
$5.97M 1.9%
1,150,861
– –
BCSF icon
14
Bain Capital Specialty
BCSF
$802M
– –
-311,844
Closed -$3.46M
EB
15
DELISTED
Eventbrite
EB
– –
-500,000
Closed -$4.29M
HLF icon
16
Herbalife
HLF
$1.23B
– –
-433,548
Closed -$19.5M
MIME
17
DELISTED
Mimecast Limited
MIME
– –
-336,531
Closed -$14M
VVNT.WS
18
DELISTED
Vivint Smart Home, Inc. Warrants, each exercisable for one Class A Common Stock at an exercise price
VVNT.WS
– –
-416,667
Closed -$2.38M
ACEL.WS
19
DELISTED
Accel Entertainment Inc Warrant
ACEL.WS
– –
-500,000
Closed -$1.17M
NLSN
20
DELISTED
Nielsen Holdings plc
NLSN
– –
-1,796,334
Closed -$26.7M

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 2020 Portfolio in Review

As of Q3 2020, Indaba Capital Management held 22 positions worth $315M, up 19% from $264M the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Indaba Capital Management withdrew a net $19M in Q3 2020, closing 7 positions and reducing 1 holding. Its most notable exit was Nielsen Holdings plc, an estimated $26.7M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 16% of assets, up from 8.8% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Indaba Capital Management opened a new position in Dragoneer Growth Opportunities Corp. Units, each consisting of one Class A ordinary share, and one-f worth $36.8M.

  • Indaba Capital Management's largest Q3 2020 buy was Dragoneer Growth Opportunities Corp. Units, each consisting of one Class A ordinary share, and one-f: 3,000,000 shares worth $36.8M.
  • Indaba Capital Management added most to Cornerstone OnDemand, Inc. in Q3 2020, an estimated $5.96M increase.
  • Indaba Capital Management's biggest Q3 2020 reduction was Everi Holdings, cutting an estimated $1.85M.
  • Indaba Capital Management fully exited Nielsen Holdings plc in Q3 2020, selling an estimated $26.7M.
  • Indaba Capital Management's ten largest holdings make up 82% of its $315M portfolio in Q3 2020.
  • Indaba Capital Management opened 4 new positions and closed 7 in Q3 2020.
  • Indaba Capital Management's portfolio value rose 19% quarter-over-quarter to $315M.

Based on Indaba Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.