Water Island Capital’s iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 VXX Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-16,816	Closed	-$6.9M	–	172
2015 Q1	$6.9M	Buy	16,816 +12,194	+264%	+$5.92M	0.26%	56
2014 Q4	$2.33M	Buy	4,622 +2,166	+88%	+$1.06M	0.08%	65
2014 Q3	$1.22M	Buy	+2,456	New	+$1.14M	0.04%	98

Other funds holding VXX

HBK Investments Dallas, Texas $9.85B AUM 55.6% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Walleye Trading New York $87.6B AUM 68.17% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

FTUS

Flow Traders U.S. New York $3.16B AUM 19.52% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

Nomura Holdings Tokyo, Japan $37.7B AUM 34.44% 1-Year Est. Return

Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return

MIM

Marco Investment Management Atlanta, Georgia $1.52B AUM 47.33% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Water Island Capital's VXX Position: Q2 2015 in Review

Water Island Capital sold out of iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 (VXX) in Q2 2015, closing a stake of 16,816 shares — an estimated $6.9M sold.

Water Island Capital first reported a position in VXX in Q3 2014 and held it in 3 quarters. The position peaked at $6.9M in Q1 2015. 101 funds tracked by Wall St. Rank hold VXX as of Q2 2015.

Water Island Capital reported no remaining iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 position as of Q2 2015 after selling out during the quarter.
Water Island Capital sold 16,816 iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 shares in Q2 2015, an estimated $6.9M.
Water Island Capital first reported a position in iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 in Q3 2014 and held it in 3 quarters.
Water Island Capital's iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 position peaked at $6.9M in Q1 2015.
101 funds tracked by Wall St. Rank held iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 as of Q2 2015.

Based on Water Island Capital's 13F filing for Q2 2015, filed 14 Aug 2015.