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WIC
Water Island Capital Portfolio holdings
AUM
$896M
1-Year Est. Return
107.59%
This Fund
S&P 500
This Quarter
Est. Return
+8.89%
1 Year Est. Return
+107.59%
3 Year Est. Return
+414.38%
5 Year Est. Return
+1,508.69%
10 Year Est. Return
+23,520.55%
AUM
$2.11B
AUM Growth
-$12.9M
(-0.61%)
Cap. Flow
-$80.8M
Cap. Flow
% of AUM
-3.82%
Top 10 Holdings %
Top 10 Hldgs %
47.44%
Holding
171
New
61
Increased
23
Reduced
15
Closed
62
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ABCO
Advisory Board Co
ABCO
|
+$64.6M |
| 2 |
BCR
CR Bard Inc.
BCR
|
+$54.5M |
| 3 |
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
|
+$52.2M |
| 4 |
CPN
Calpine Corporation
CPN
|
+$49.3M |
| 5 |
COL
Rockwell Collins
COL
|
+$49.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AWH
Allied World Assurance Co Hld Lt
AWH
|
+$181M |
| 2 |
PNRA
Panera Bread Co
PNRA
|
+$177M |
| 3 |
MBLY
Mobileye N.V.
MBLY
|
+$125M |
| 4 |
KATE
Kate Spade & Company
KATE
|
+$82.4M |
| 5 |
Canadian Imperial Bank of Commerce
CM
|
+$60.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.32% |
| 2 | Communication Services | 15.22% |
| 3 | Healthcare | 11.1% |
| 4 | Financials | 9.06% |
| 5 | Industrials | 6.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CCC
26
DELISTED
Calgon Carbon Corp
CCC
| $26.8M | 1.27% |
+1,250,000
| New | +$18.9M |
|
|
AKRX
27
DELISTED
Akorn Inc
AKRX
| $25.3M | 1.2% |
761,778
-360,222
| -32% | -$12M |
|
|
PSTB
28
DELISTED
Park Sterling Corp.
PSTB
| $24.1M | 1.14% |
1,941,598
+1,026,488
| +112% | +$11.9M |
|
|
NXTM
29
DELISTED
NxStage Medical Inc.
NXTM
| $23.5M | 1.11% |
+853,218
| New | +$22.8M |
|
|
IXYS
30
DELISTED
IXYS Corp
IXYS
| $23.1M | 1.09% |
+972,678
| New | +$18.5M |
|
|
WNRL
31
DELISTED
Western Refining Logistics, LP
WNRL
| $22M | 1.04% |
+851,952
| New | +$21.6M |
|
|
LVLT
32
DELISTED
Level 3 Communications Inc
LVLT
| $21.3M | 1.01% |
398,878
-425,581
| -52% | -$23.7M |
|
|
SSNI
33
DELISTED
Silver Spring Networks, Inc.
SSNI
| $19M | 0.9% |
+1,178,000
| New | +$14.8M |
|
|
NDRM
34
DELISTED
NeuroDerm Ltd. Ordinary Shares
NDRM
| $17.8M | 0.84% |
+458,400
| New | +$16.9M |
|
|
FGL
35
DELISTED
Fidelity & Guaranty Life
FGL
| $16.4M | 0.78% |
528,692
-21,800
| -4% | -$679K |
|
|
HSNI
36
DELISTED
HSN, Inc.
HSNI
| $16.1M | 0.76% |
+411,865
| New | +$15.6M |
|
|
RATE
37
DELISTED
Bankrate Inc
RATE
| $15.7M | 0.74% |
+1,124,586
| New | +$15.6M |
|
|
WSTC
38
DELISTED
West Corporation
WSTC
| $14.4M | 0.68% |
612,522
+243,230
| +66% | +$5.68M |
|
|
BOBE
39
DELISTED
Bob Evans Farms, Inc.
BOBE
| $11.4M | 0.54% |
+146,543
| New | +$10.1M |
|
|
NEFF
40
DELISTED
Neff Corporation
NEFF
| $10.8M | 0.51% |
+432,787
| New | +$9.93M |
|
41
8x8 Inc
EGHT
$269M
| $10.5M | 0.5% |
+775,000
| New | +$10.6M |
|
|
ALR
42
DELISTED
Alere Inc
ALR
| $10.2M | 0.48% |
+200,000
| New | +$9.99M |
|
|
LDR
43
DELISTED
Landauer Inc
LDR
| $9.5M | 0.45% |
+141,155
| New | +$8.54M |
|
|
FPO
44
DELISTED
First Potomac Realty Trust
FPO
| $9.47M | 0.45% |
850,000
| – | – |
|
|
TESO
45
DELISTED
Tesco Corp
TESO
| $8.16M | 0.39% |
+1,497,814
| New | +$6.87M |
|
|
AET
46
DELISTED
Aetna Inc
AET
| $7.39M | 0.35% |
46,450
+7,700
| +20% | +$1.2M |
|
47
MetLife
MET
$61.9B
| $6.8M | 0.32% |
131,000
+24,410
| +23% | +$1.19M |
|
48
T-Mobile US
TMUS
$185B
| $6.18M | 0.29% |
+100,177
| New | +$6.28M |
|
49
Huntsman Corp
HUN
$1.71B
| $5.6M | 0.27% |
204,340
+44,500
| +28% | +$1.19M |
|
50
QuidelOrtho
QDEL
$1.14B
| $5.48M | 0.26% |
+125,000
| New | +$4.35M |
|
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Water Island Capital's Q3 2017 Portfolio in Review
As of Q3 2017, Water Island Capital held 171 positions worth $2.11B, down 0.61% from $2.13B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Water Island Capital withdrew a net $80.8M in Q3 2017, closing 62 positions and reducing 15 holdings. Its most notable exit was Allied World Assurance Co Hld Lt, an estimated $181M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 20% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, Water Island Capital opened a new position in Advisory Board Co worth $64.3M.
- Water Island Capital's largest Q3 2017 buy was Advisory Board Co: 1,199,977 shares worth $64.3M.
- Water Island Capital added most to CR Bard Inc. in Q3 2017, an estimated $54.5M increase.
- Water Island Capital's biggest Q3 2017 reduction was Level 3 Communications Inc, cutting an estimated $23.7M.
- Water Island Capital fully exited Allied World Assurance Co Hld Lt in Q3 2017, selling an estimated $181M.
- Water Island Capital's ten largest holdings make up 47% of its $2.11B portfolio in Q3 2017.
- Water Island Capital opened 61 new positions and closed 62 in Q3 2017.
- Water Island Capital's portfolio value fell 0.61% quarter-over-quarter to $2.11B.
Based on Water Island Capital's 13F filing for Q3 2017, filed 14 Nov 2017.