Water Island Capital’s GCI Liberty, Inc. Class A-1 Common Stock GNCMA Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-335,377	Closed	-$13.1M	–	125
2017 Q4	$13.1M	Sell	335,377 -324,249	-49%	-$13.2M	0.81%	32
2017 Q3	$26.9M	Buy	659,626 +233,374	+55%	+$9.53M	1.27%	25
2017 Q2	$15.6M	Buy	+426,252	New	+$15.4M	0.73%	27

Other funds holding GNCMA

IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return

Glenmede Trust Philadelphia, Pennsylvania $20.4B AUM

Water Island Capital's GNCMA Position: Q1 2018 in Review

Water Island Capital sold out of GCI Liberty, Inc. Class A-1 Common Stock (GNCMA) in Q1 2018, closing a stake of 335,377 shares — an estimated $13.1M sold.

Water Island Capital first reported a position in GNCMA in Q2 2017 and held it in 3 quarters. The position peaked at $26.9M in Q3 2017. 2 funds tracked by Wall St. Rank hold GNCMA as of Q1 2018.

Water Island Capital reported no remaining GCI Liberty, Inc. Class A-1 Common Stock position as of Q1 2018 after selling out during the quarter.
Water Island Capital sold 335,377 GCI Liberty, Inc. Class A-1 Common Stock shares in Q1 2018, an estimated $13.1M.
Water Island Capital first reported a position in GCI Liberty, Inc. Class A-1 Common Stock in Q2 2017 and held it in 3 quarters.
Water Island Capital's GCI Liberty, Inc. Class A-1 Common Stock position peaked at $26.9M in Q3 2017.
2 funds tracked by Wall St. Rank held GCI Liberty, Inc. Class A-1 Common Stock as of Q1 2018.

Based on Water Island Capital's 13F filing for Q1 2018, filed 14 May 2018.