Indaba Capital Management, L.P.

Q3 2025 13F-HR Holdings

Location
San Francisco, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
5
Total value ($000)
$60,691
Net value change ($000)
-74,696 (-55.2%)
New positions
1
Sold out positions
5
Turnover %
95.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ONTF 1,229 5.3%
ELME 1,121 NEW
Top Reduces (Value $000, Stocks/ETFs)
BLKB -12,393 -100.0%
BATRA -4,388 -100.0%
ESPR -2,953 -100.0%
EMBC -2,151 -100.0%
ADV -1,295 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type