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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
+7.18%
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
$339M
AUM Growth
+$43.8M
Cap. Flow
-$136M
Cap. Flow %
-39.93%
Top 10 Hldgs %
99.86%
Holding
18
New
3
Increased
–
Reduced
1
Closed
1

Top Buys

Rank Stock Value
1
CPRI icon
Capri Holdings
CPRI
+$15.4M
2
OBDC icon
Blue Owl Capital
OBDC
+$3.72M
3
MACK
Merrimack Pharmaceuticals, Inc.
MACK
+$1.66M

Top Sells

Rank Stock Value
1
HRT
HireRight Holdings Corporation
HRT
+$4.72M
2
DAVEW icon
Dave Inc Warrants
DAVEW
+$3

Sector Composition

Rank Sector Weight
1 Industrials 19.81%
2 Technology 16.38%
3 Healthcare 6.86%
4 Consumer Discretionary 5.27%
5 Financials 1.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRHC
1
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$67.2M 19.81%
6,521,578
– –
SNPO
2
DELISTED
Snap One Holdings Corp. Common Stock
SNPO
$28.7M 8.47%
3,109,281
– –
ONTF
3
DELISTED
ON24
ONTF
$26.8M 7.91%
4,240,256
– –
LAB icon
4
Standard BioTools
LAB
$326M
$21.6M 6.36%
7,446,229
– –
CPRI icon
5
Capri Holdings
CPRI
$1.77B
$17.9M 5.27%
+340,000
New +$15.4M
OBDC icon
6
Blue Owl Capital
OBDC
$5.35B
$3.73M 1.1%
+269,375
New +$3.72M
MACK
7
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
$1.69M 0.5%
+136,802
New +$1.66M
HLLY.WS
8
DELISTED
Holley Inc Warrants
HLLY.WS
$428K 0.13%
669,159
– –
ALLG.WS
9
DELISTED
Allego N.V. Warrants
ALLG.WS
$31.5K 0.01%
75,000
– –
RGTIW icon
10
Rigetti Computing Warrants
RGTIW
$121M
$15.6K ﹤0.01%
62,500
– –
MVLAW
11
DELISTED
Movella Holdings Inc. Warrant
MVLAW
$4.71K ﹤0.01%
125,265
– –
OPAD.WS
12
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
$4.03K ﹤0.01%
266,667
– –
MKFG.WS
13
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
$3.61K ﹤0.01%
25,000
– –
DAVEW icon
14
Dave Inc Warrants
DAVEW
$34.3M
$2.02K ﹤0.01%
124,900
-100
-0.1% -$3
HRT
15
DELISTED
HireRight Holdings Corporation
HRT
– –
-417,530
Closed -$4.72M

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APM
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CI
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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
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2C
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SIM
Sandia Investment Management Boston, Massachusetts $40.1M AUM 14.58% 1-Year Est. Return
SWM
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Indaba Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Indaba Capital Management held 18 positions worth $339M, up 15% from $296M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Indaba Capital Management withdrew a net $136M in Q3 2023, closing 1 position and reducing 1 holding. Its most notable exit was HireRight Holdings Corporation, an estimated $4.72M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 20% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Indaba Capital Management opened a new position in Capri Holdings worth $17.9M.

  • Indaba Capital Management's largest Q3 2023 buy was Capri Holdings: 340,000 shares worth $17.9M.
  • Indaba Capital Management's biggest Q3 2023 reduction was Dave Inc Warrants, cutting an estimated $3.
  • Indaba Capital Management fully exited HireRight Holdings Corporation in Q3 2023, selling an estimated $4.72M.
  • Indaba Capital Management's ten largest holdings make up 100% of its $339M portfolio in Q3 2023.
  • Indaba Capital Management opened 3 new positions and closed 1 in Q3 2023.
  • Indaba Capital Management's portfolio value rose 15% quarter-over-quarter to $339M.

Based on Indaba Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.