Water Island Capital’s CST Brands, Inc. CST Stock Holding History

Water Island Capital’s Portfolio CST Stock Details CST Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-1,206,773	Closed	-$58M	–	134
2017 Q1	$58M	Sell	1,206,773 -380,443	-24%	-$18.4M	3.29%	9
2016 Q4	$76.4M	Buy	1,587,216 +402,236	+34%	+$19.3M	5.21%	2
2016 Q3	$57M	Buy	+1,184,980	New	+$54.5M	3.62%	9

Other funds holding CST

SOADOR

State of Alaska Department of Revenue Juneau, Alaska $10.1B AUM 42.83% 1-Year Est. Return

Water Island Capital's CST Position: Q2 2017 in Review

Water Island Capital sold out of CST Brands, Inc. (CST) in Q2 2017, closing a stake of 1,206,773 shares — an estimated $58M sold.

Water Island Capital first reported a position in CST in Q3 2016 and held it in 3 quarters. The position peaked at $76.4M in Q4 2016. 2 funds tracked by Wall St. Rank hold CST as of Q2 2017.

Water Island Capital reported no remaining CST Brands, Inc. position as of Q2 2017 after selling out during the quarter.
Water Island Capital sold 1,206,773 CST Brands, Inc. shares in Q2 2017, an estimated $58M.
Water Island Capital first reported a position in CST Brands, Inc. in Q3 2016 and held it in 3 quarters.
Water Island Capital's CST Brands, Inc. position peaked at $76.4M in Q4 2016.
2 funds tracked by Wall St. Rank held CST Brands, Inc. as of Q2 2017.

Based on Water Island Capital's 13F filing for Q2 2017, filed 14 Aug 2017.