Indaba Capital Management, L.P. Quant / Systematic

Location: San Francisco, CA

CIK: 0001524362 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 15, 2020

Total Value: $186M (92.2% shares, 7.8% debt)

Holdings (21)

— CORNERSTONE ONDEMAND INC 17.9%

Value $33.27M Shares 1,047,908 Est. Cost $31.75 Unrealized —

— SINCLAIR BROADCAST GROUP INC 10.4%

Value $19.27M Shares 1,198,502 Est. Cost $16.08 Unrealized —

— PPD INC 9.7%

Value $18.08M Shares 1,015,079 Est. Cost $17.81 Unrealized —

— RETAIL VALUE INC 8.2%

Value $15.22M Shares 1,242,891 Est. Cost $28.34 Unrealized —

— EVERI HLDGS INC 7.8%

Value $14.46M Shares 4,383,290 Est. Cost $6.12 Unrealized —

— DISH NETWORK CORPORATION 7.8%

Value $14.45M Shares 18,000,000 Est. Cost $0.92 Unrealized —

— MDC PARTNERS INC 5.6%

Value $10.41M Shares 7,181,301 Est. Cost $2.59 Unrealized —

— BERRY GLOBAL GROUP INC 5.5%

Value $10.29M Shares 305,249 Est. Cost $33.71 Unrealized —

LAB FLUIDIGM CORP DEL 5.2%

Value $9.703M Shares 3,819,966 Est. Cost $6.59 Unrealized -50.2%

CLPR CLIPPER RLTY INC 4.9%

Value $9.024M Shares 1,742,092 Est. Cost $12.64 Unrealized —

GDEN GOLDEN ENTMT INC 3.4%

Value $6.227M Shares 942,099 Est. Cost $20.90 Unrealized -35.1%

BL BLACKLINE INC 3.2%

Value $6.014M Shares 114,308 Est. Cost $58.49 Unrealized 0.0%

— WIDEOPENWEST INC 3.0%

Value $5.478M Shares 1,150,861 Est. Cost $4.76 Unrealized —

— BROADMARK RLTY CAP INC 2.0%

Value $3.684M Shares 489,950 Est. Cost $7.52 Unrealized —

ABR ARBOR RLTY TR INC 1.5%

Value $2.844M Shares 580,500 Est. Cost $4.90 Unrealized —

— MIMECAST LTD 1.5%

Value $2.831M Shares 80,205 Est. Cost $35.30 Unrealized —

LADR LADDER CAP CORP 0.8%

Value $1.564M Shares 330,000 Est. Cost $4.74 Unrealized —

TRTX TPG RE FIN TR INC 0.7%

Value $1.263M Shares 230,000 Est. Cost $5.49 Unrealized —

— ACCEL ENTERTAINMENT INC 0.4%

Value $750K Shares 500,000 Est. Cost $2.95 Unrealized —

— VIVINT SMART HOME INC 0.3%

Value $582K Shares 416,667 Est. Cost $1.40 Unrealized —

— CBL & ASSOC PPTYS INC 0.1%

Value $127K Shares 632,561 Est. Cost $1.11 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	CORNERSTONE ONDEMAND INC	1,047,908	$33.27M	17.9%	$31.75	—	COM	21925Y103
—	SINCLAIR BROADCAST GROUP INC	1,198,502	$19.27M	10.4%	$16.08	—	CL A	829226109
—	PPD INC	1,015,079	$18.08M	9.7%	$17.81	—	COM	69355F102
—	RETAIL VALUE INC	1,242,891	$15.22M	8.2%	$28.34	—	COM	76133Q102
—	EVERI HLDGS INC	4,383,290	$14.46M	7.8%	$6.12	—	COM	30034T103
—	DISH NETWORK CORPORATION	18,000,000	$14.45M	7.8%	$0.92	—	NOTE 3.375% 8/1	25470MAB5
—	MDC PARTNERS INC	7,181,301	$10.41M	5.6%	$2.59	—	CL A SUB VTG	552697104
—	BERRY GLOBAL GROUP INC	305,249	$10.29M	5.5%	$33.71	—	COM	08579W103
LAB	FLUIDIGM CORP DEL	3,819,966	$9.703M	5.2%	$6.59	-50.2%	COM	34385P108
CLPR	CLIPPER RLTY INC	1,742,092	$9.024M	4.9%	$12.64	—	COM	18885T306
GDEN	GOLDEN ENTMT INC	942,099	$6.227M	3.4%	$20.90	-35.1%	COM	381013101
BL	BLACKLINE INC	114,308	$6.014M	3.2%	$58.49	0.0%	COM	09239B109
—	WIDEOPENWEST INC	1,150,861	$5.478M	3.0%	$4.76	—	COM	96758W101
—	BROADMARK RLTY CAP INC	489,950	$3.684M	2.0%	$7.52	—	COM	11135B100
ABR	ARBOR RLTY TR INC	580,500	$2.844M	1.5%	$4.90	—	COM	038923108
—	MIMECAST LTD	80,205	$2.831M	1.5%	$35.30	—	ORD SHS	G14838109
LADR	LADDER CAP CORP	330,000	$1.564M	0.8%	$4.74	—	CL A	505743104
TRTX	TPG RE FIN TR INC	230,000	$1.263M	0.7%	$5.49	—	COM	87266M107
—	ACCEL ENTERTAINMENT INC	500,000	$750K	0.4%	$2.95	—	*W EXP 11/20/202	00436Q114
—	VIVINT SMART HOME INC	416,667	$582K	0.3%	$1.40	—	*W EXP 01/17/202	928542117
—	CBL & ASSOC PPTYS INC	632,561	$127K	0.1%	$1.11	—	COM	124830100