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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
+28.81%
1 Year Est. Return
+107.59%
3 Year Est. Return
+414.38%
5 Year Est. Return
+1,508.7%
10 Year Est. Return
+23,520.93%
AUM
$2B
AUM Growth
+$657M
Cap. Flow
+$562M
Cap. Flow %
28.13%
Top 10 Hldgs %
44.33%
Holding
190
New
81
Increased
28
Reduced
15
Closed
47

Top Buys

Rank Stock Value
1
FDC
First Data Corporation
FDC
+$80.3M
2
LLL
L3 Technologies, Inc.
LLL
+$78M
3
RHT
Red Hat Inc
RHT
+$74.3M
4
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$67.4M
5
LXFT
Luxoft Holding, Inc.
LXFT
+$65.2M

Top Sells

Rank Stock Value
1
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$135M
2
VVC
Vectren Corporation
VVC
+$105M
3
DNB
Dun & Bradstreet
DNB
+$70.5M
4
IMPV
Imperva, Inc.
IMPV
+$70.2M
5
MBFI
MB Financial Corp
MBFI
+$55.6M

Sector Composition

Rank Sector Weight
1 Technology 18.68%
2 Communication Services 14.16%
3 Materials 9.72%
4 Industrials 5.96%
5 Financials 5.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ATTU
26
DELISTED
Attunity Ltd
ATTU
$23.4M 1.17%
+997,724
New +$22.3M
TCF
27
DELISTED
TCF Financial Corporation
TCF
$21.4M 1.07%
+1,033,149
New +$22.5M
TIER
28
DELISTED
TIER REIT, Inc.
TIER
$21.3M 1.07%
+743,917
New +$17.7M
WCG
29
DELISTED
Wellcare Health Plans, Inc.
WCG
$20.9M 1.04%
+77,400
New +$20M
AABA
30
DELISTED
Altaba Inc
AABA
$18.2M 0.91%
245,697
+64,646
+36% +$4.45M
NITE
31
DELISTED
Nightstar Therapeutics plc American Depositary Shares
NITE
$12.5M 0.62%
+490,993
New +$8.68M
MRT
32
DELISTED
MedEquities Realty Trust, Inc.
MRT
$12.3M 0.62%
+1,106,777
New +$12M
FOXA icon
33
Fox Class A
FOXA
$25.9B
$12.2M 0.61%
+330,981
New +$12.9M
UPBD icon
34
Upbound Group
UPBD
$1.14B
$10.6M 0.53%
508,041
-1,931,510
-79% -$35.6M
HF
35
DELISTED
HFF Inc.
HF
$10.3M 0.52%
+215,673
New +$9.16M
CMTA
36
DELISTED
Clementia Pharmaceuticals Inc.
CMTA
$10M 0.5%
+383,907
New +$7.17M
LABL
37
DELISTED
Multi-Color Corp
LABL
$9.47M 0.47%
+189,886
New +$8.88M
CELG
38
DELISTED
Celgene Corp
CELG
$8.26M 0.41%
+87,500
New +$7.65M
XLI icon
39
State Street Industrial Select Sector SPDR ETF
XLI
$33.6B
$7.66M 0.38%
102,065
+43,482
+74% +$3.15M
XRX icon
40
Xerox
XRX
$424M
$7.24M 0.36%
226,221
-121,692
-35% -$3.43M
HD icon
41
Home Depot
HD
$349B
$5.14M 0.26%
26,790
+1,933
+8% +$355K
OSIR
42
DELISTED
Osiris Therapeutics, Inc. Common Stock
OSIR
$4.89M 0.24%
+257,485
New +$4.18M
LOGM
43
DELISTED
LogMein, Inc.
LOGM
$4.25M 0.21%
+53,025
New +$4.53M
NSC icon
44
Norfolk Southern
NSC
$76.9B
$4.14M 0.21%
22,131
+3,207
+17% +$555K
WH icon
45
Wyndham Hotels & Resorts
WH
$5.58B
$3.81M 0.19%
76,150
+23,620
+45% +$1.19M
IMDZ
46
DELISTED
Immune Design Corp.
IMDZ
$3.56M 0.18%
+608,000
New +$2.07M
APD icon
47
Air Products & Chemicals
APD
$66.8B
$3.24M 0.16%
16,968
+5,161
+44% +$888K
HWM icon
48
Howmet Aerospace
HWM
$116B
$3.18M 0.16%
216,864
+7,352
+4% +$105K
HRI icon
49
Herc Holdings
HRI
$5.62B
$3.13M 0.16%
80,316
-79,605
-50% -$3.01M
PRSP
50
DELISTED
Perspecta Inc. Common Stock
PRSP
$3.07M 0.15%
+151,665
New +$3.05M
1
2
3 4 5

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Water Island Capital's Q1 2019 Portfolio in Review

As of Q1 2019, Water Island Capital held 190 positions worth $2B, up 49% from $1.34B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Water Island Capital deployed $562M of net new capital in Q1 2019, opening 81 new positions and adding to 28 existing holdings. Its largest new stake was First Data Corporation: 3,381,262 shares worth $88.8M.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Communication Services and Materials.

On the sell side, the largest reduction was Upbound Group, an estimated $35.6M trimmed.

  • Water Island Capital's largest Q1 2019 buy was First Data Corporation: 3,381,262 shares worth $88.8M.
  • Water Island Capital added most to L3 Technologies, Inc. in Q1 2019, an estimated $78M increase.
  • Water Island Capital's biggest Q1 2019 reduction was Upbound Group, cutting an estimated $35.6M.
  • Water Island Capital fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $135M.
  • Water Island Capital's ten largest holdings make up 44% of its $2B portfolio in Q1 2019.
  • Water Island Capital opened 81 new positions and closed 47 in Q1 2019.
  • Water Island Capital's portfolio value rose 49% quarter-over-quarter to $2B.

Based on Water Island Capital's 13F filing for Q1 2019, filed 3 May 2019.