Water Island Capital’s Reynolds American Inc RAI Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-695,867	Closed	-$45.3M	–	156
2017 Q2	$45.3M	Sell	695,867 -108,701	-14%	-$7.1M	2.13%	15
2017 Q1	$50.7M	Buy	+804,568	New	+$48.3M	2.88%	14
2016 Q4	–	Sell	-18,126	Closed	-$855K	–	161
2016 Q3	$855K	Buy	+18,126	New	+$909K	0.05%	85

Other funds holding RAI

WIM

Waverton Investment Management London, United Kingdom $7.77B AUM 25.07% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $424B AUM 22.96% 1-Year Est. Return

MDCM

Morgan Dempsey Capital Management Menomonee Falls, Wisconsin $233M AUM 24.32% 1-Year Est. Return

Water Island Capital's RAI Position: Q3 2017 in Review

Water Island Capital sold out of Reynolds American Inc (RAI) in Q3 2017, closing a stake of 695,867 shares — an estimated $45.3M sold.

Water Island Capital first reported a position in RAI in Q3 2016 and held it in 3 quarters. The position peaked at $50.7M in Q1 2017. 3 funds tracked by Wall St. Rank hold RAI as of Q3 2017.

Water Island Capital reported no remaining Reynolds American Inc position as of Q3 2017 after selling out during the quarter.
Water Island Capital sold 695,867 Reynolds American Inc shares in Q3 2017, an estimated $45.3M.
Water Island Capital first reported a position in Reynolds American Inc in Q3 2016 and held it in 3 quarters.
Water Island Capital's Reynolds American Inc position peaked at $50.7M in Q1 2017.
3 funds tracked by Wall St. Rank held Reynolds American Inc as of Q3 2017.

Based on Water Island Capital's 13F filing for Q3 2017, filed 14 Nov 2017.