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ICM

Indaba Capital Management Portfolio holdings

AUM $33.8M
1-Year Est. Return 33.83%
This Fund
S&P 500
This Quarter Est. Return
+10.93%
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
$296M
AUM Growth
-$27.9M
Cap. Flow
-$193M
Cap. Flow %
-65.29%
Top 10 Hldgs %
99.99%
Holding
18
New
–
Increased
–
Reduced
1
Closed
3

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
BLKB icon
Blackbaud
BLKB
+$23.8M
2
CXM icon
Sprinklr
CXM
+$10.2M
3
HRT
HireRight Holdings Corporation
HRT
+$10.1M
4
IAS
Integral Ad Science
IAS
+$7.68M

Sector Composition

Rank Sector Weight
1 Technology 23.91%
2 Industrials 19.8%
3 Healthcare 4.86%
4 Communication Services 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRHC
1
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$53.8M 18.21%
6,521,578
– –
SNPO
2
DELISTED
Snap One Holdings Corp. Common Stock
SNPO
$36.2M 12.26%
3,109,281
– –
ONTF
3
DELISTED
ON24
ONTF
$34.4M 11.65%
4,240,256
– –
LAB icon
4
Standard BioTools
LAB
$326M
$14.4M 4.86%
7,446,229
– –
HRT
5
DELISTED
HireRight Holdings Corporation
HRT
$4.72M 1.6%
417,530
-959,170
-70% -$10.1M
HLLY.WS
6
DELISTED
Holley Inc Warrants
HLLY.WS
$335K 0.11%
669,159
– –
ALLG.WS
7
DELISTED
Allego N.V. Warrants
ALLG.WS
$21.8K 0.01%
75,000
– –
MVLAW
8
DELISTED
Movella Holdings Inc. Warrant
MVLAW
$14.1K ﹤0.01%
125,265
– –
RGTIW icon
9
Rigetti Computing Warrants
RGTIW
$121M
$8.57K ﹤0.01%
62,500
– –
OPAD.WS
10
DELISTED
Offerpad Solutions Inc. Warrants, Every 15 warrants will be exercisable for one share of Class A Common Stock at an exercise price of $172.50 per share of Class A Common Stock
OPAD.WS
$5.39K ﹤0.01%
266,667
– –
DAVEW icon
11
Dave Inc Warrants
DAVEW
$34.3M
$3.88K ﹤0.01%
125,000
– –
MKFG.WS
12
DELISTED
Markforged Holding Corporation Warrants, each whole warrant exercisable to purchase one-tenth (1/10th) of a share of Common Stock at an exercise price of $115.00 per share
MKFG.WS
$2.6K ﹤0.01%
25,000
– –
BLKB icon
13
Blackbaud
BLKB
$1.5B
– –
-343,803
Closed -$23.8M
CXM icon
14
Sprinklr
CXM
$1.33B
– –
-790,000
Closed -$10.2M
IAS
15
DELISTED
Integral Ad Science
IAS
– –
-538,000
Closed -$7.68M

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MIG
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SPA
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Indaba Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Indaba Capital Management held 18 positions worth $296M, down 8.6% from $323M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Indaba Capital Management withdrew a net $193M in Q2 2023, closing 3 positions and reducing 1 holding. Its most notable exit was Blackbaud, an estimated $23.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 31% a quarter earlier, followed by Industrials and Healthcare.

  • Indaba Capital Management's biggest Q2 2023 reduction was HireRight Holdings Corporation, cutting an estimated $10.1M.
  • Indaba Capital Management fully exited Blackbaud in Q2 2023, selling an estimated $23.8M.
  • Indaba Capital Management's ten largest holdings make up 100% of its $296M portfolio in Q2 2023.
  • Indaba Capital Management opened 0 new positions and closed 3 in Q2 2023.
  • Indaba Capital Management's portfolio value fell 8.6% quarter-over-quarter to $296M.

Based on Indaba Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.