Water Island Capital’s INNOVATE Corp VATE Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-54,511	Closed	-$2.08M	–	169
2016 Q1	$2.08M	Sell	54,511 -13,489	-20%	-$518K	0.14%	51
2015 Q4	$3.6M	Sell	68,000 -5,462	-7%	-$359K	0.19%	52
2015 Q3	$5.15M	Buy	73,462 +1,324	+2%	+$98.9K	0.26%	52
2015 Q2	$6.46M	Buy	72,138 +20,431	+40%	+$2.2M	0.26%	54
2015 Q1	$5.66M	Buy	51,707 +15,668	+43%	+$1.33M	0.21%	58
2014 Q4	$3.04M	Buy	+36,039	New	+$2.99M	0.1%	63

Other funds holding VATE

Jefferies Group New York $12B AUM 6.2% 1-Year Est. Return

RCM

Raging Capital Management Rocky Hill, New Jersey $18.2M AUM 17.75% 1-Year Est. Return

Putnam Investments Boston, Massachusetts $75.7B AUM 34.45% 1-Year Est. Return

MIM

Mittleman Investment Management Melville, New York $17.4M AUM 36.11% 1-Year Est. Return

WIM

Wingspan Investment Management New York $215M AUM 30.25% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return

AFG

American Financial Group Cincinnati, Ohio $270M AUM 3.25% 1-Year Est. Return

SPH

Steel Partners Holdings New York $96.4M AUM

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Water Island Capital's VATE Position: Q2 2016 in Review

Water Island Capital sold out of INNOVATE Corp (VATE) in Q2 2016, closing a stake of 54,511 shares — an estimated $2.08M sold.

Water Island Capital first reported a position in VATE in Q4 2014 and held it in 6 quarters. The position peaked at $6.46M in Q2 2015. 66 funds tracked by Wall St. Rank hold VATE as of Q2 2016.

Water Island Capital reported no remaining INNOVATE Corp position as of Q2 2016 after selling out during the quarter.
Water Island Capital sold 54,511 INNOVATE Corp shares in Q2 2016, an estimated $2.08M.
Water Island Capital first reported a position in INNOVATE Corp in Q4 2014 and held it in 6 quarters.
Water Island Capital's INNOVATE Corp position peaked at $6.46M in Q2 2015.
66 funds tracked by Wall St. Rank held INNOVATE Corp as of Q2 2016.

Based on Water Island Capital's 13F filing for Q2 2016, filed 15 Aug 2016.