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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
+0.43%
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
$135M
AUM Growth
-$31.2M
Cap. Flow
-$102M
Cap. Flow %
-75.09%
Top 10 Hldgs %
100%
Holding
11
New
–
Increased
–
Reduced
–
Closed
1

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
EQC
Equity Commonwealth
EQC
+$13.5M

Sector Composition

Rank Sector Weight
1 Technology 26.16%
2 Communication Services 4.2%
3 Healthcare 3.77%
4 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ONTF
1
DELISTED
ON24
ONTF
$23M 17.01%
4,240,256
– –
BLKB icon
2
Blackbaud
BLKB
$1.5B
$12.4M 9.15%
193,000
– –
BATRK icon
3
Atlanta Braves Holdings Series B
BATRK
$3.23B
$4.39M 3.24%
93,811
– –
ESPR
4
DELISTED
Esperion Therapeutics
ESPR
$2.95M 2.18%
3,000,000
– –
EMBC icon
5
Embecta
EMBC
$195M
$2.15M 1.59%
221,938
– –
ADV icon
6
Advantage Solutions
ADV
$484M
$1.29M 0.96%
39,235
– –
EQC
7
DELISTED
Equity Commonwealth
EQC
– –
-8,403,411
Closed -$13.5M

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MIG
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SPA
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Indaba Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Indaba Capital Management held 11 positions worth $135M, down 19% from $167M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Indaba Capital Management withdrew a net $102M in Q2 2025, closing 1 position. Its most notable exit was Equity Commonwealth, an estimated $13.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 20% a quarter earlier, followed by Communication Services and Healthcare.

  • Indaba Capital Management fully exited Equity Commonwealth in Q2 2025, selling an estimated $13.5M.
  • Indaba Capital Management's ten largest holdings make up 100% of its $135M portfolio in Q2 2025.
  • Indaba Capital Management opened 0 new positions and closed 1 in Q2 2025.
  • Indaba Capital Management's portfolio value fell 19% quarter-over-quarter to $135M.

Based on Indaba Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.