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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
+5.89%
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
$1.61B
AUM Growth
-$2.71B
Cap. Flow
-$2.74B
Cap. Flow %
-170.2%
Top 10 Hldgs %
64.88%
Holding
127
New
30
Increased
11
Reduced
34
Closed
49

Top Buys

Rank Stock Value
1
GWR
Genesee & Wyoming Inc.
GWR
+$50.1M
2
BPL
Buckeye Partners, L.P.
BPL
+$47.7M
3
ZAYO
Zayo Group Holdings, Inc.
ZAYO
+$44.9M
4
MCRN
Milacron Holdings Corp.
MCRN
+$43.2M
5
NCI
Navigant Consulting, Inc.
NCI
+$39.1M

Top Sells

Rank Stock Value
1
LLL
L3 Technologies, Inc.
LLL
+$348M
2
RHT
Red Hat Inc
RHT
+$342M
3
APC
Anadarko Petroleum
APC
+$296M
4
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$266M
5
FDC
First Data Corporation
FDC
+$261M

Sector Composition

Rank Sector Weight
1 Industrials 23.93%
2 Healthcare 17.86%
3 Technology 10.93%
4 Financials 9.82%
5 Consumer Discretionary 8.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OMN
26
DELISTED
OMNOVA Solutions Inc.
OMN
$13M 0.81%
+1,294,800
New +$12.8M
OLBK
27
DELISTED
Old Line Bancshares, Inc.
OLBK
$10.2M 0.63%
+351,043
New +$9.57M
CVRS
28
DELISTED
CORINDUS VASCULAR ROBOTICS, INC
CVRS
$9.8M 0.61%
+2,290,735
New +$8.31M
ALDR
29
DELISTED
Alder Biopharmaceuticals
ALDR
$9.53M 0.59%
+505,250
New +$5.78M
PVTL
30
DELISTED
Pivotal Software, Inc.
PVTL
$8.73M 0.54%
+585,200
New +$7.16M
PSDO
31
DELISTED
Presidio, Inc. Common Stock
PSDO
$8.45M 0.53%
+499,876
New +$7.45M
ONCE
32
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
$7.95M 0.49%
81,925
+48,725
+147% +$4.88M
LOW icon
33
Lowe's Companies
LOW
$122B
$4.46M 0.28%
40,558
-37,442
-48% -$3.95M
AVYA
34
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
$4.42M 0.27%
463,500
-210,066
-31% -$2.47M
DOVA
35
DELISTED
Dova Pharmaceuticals, Inc. Common Stock
DOVA
$3.91M 0.24%
+140,000
New +$2.27M
MAS icon
36
Masco
MAS
$14.9B
$3.42M 0.21%
82,160
-7,840
-9% -$314K
VSI
37
DELISTED
Vitamin Shoppe Inc.
VSI
$3.1M 0.19%
+475,000
New +$2.67M
AXTA icon
38
Axalta
AXTA
$8.03B
$3.02M 0.19%
+100,000
New +$2.95M
WH icon
39
Wyndham Hotels & Resorts
WH
$5.58B
$2.52M 0.16%
48,600
-100,430
-67% -$5.49M
QUAD icon
40
Quad
QUAD
$515M
$2.2M 0.14%
209,100
-229,900
-52% -$2.15M
HRI icon
41
Herc Holdings
HRI
$5.62B
$2.07M 0.13%
44,509
-150,955
-77% -$6.56M
LOGM
42
DELISTED
LogMein, Inc.
LOGM
$2.03M 0.13%
28,640
-67,660
-70% -$4.85M
LBTYA icon
43
Liberty Global Class A
LBTYA
$3.68B
$1.94M 0.12%
+78,500
New +$2.09M
PRTK
44
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
$1.86M 0.12%
431,724
-380,158
-47% -$1.52M
HDS
45
DELISTED
HD Supply Holdings, Inc.
HDS
$1.57M 0.1%
+40,000
New +$1.57M
RAMP icon
46
LiveRamp
RAMP
$2.3B
$1.04M 0.06%
24,112
-114,624
-83% -$5.33M
DISCK
47
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$851K 0.05%
34,578
-215,422
-86% -$5.82M
AVYA
48
PUT
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
$828K 0.05%
345,000
-151,000
-30% -$1.77M
MLNX
49
PUT
DELISTED
Mellanox Technologies, Ltd.
MLNX
$815K 0.05%
383,100
-393,100
-51% -$43.4M
OEF icon
50
PUT
iShares S&P 100 ETF
OEF
$20.5B
$770K 0.05%
+198,400
New +$26M
1
2
3 4 5

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Water Island Capital's Q3 2019 Portfolio in Review

As of Q3 2019, Water Island Capital held 127 positions worth $1.61B, down 63% from $4.32B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Water Island Capital withdrew a net $2.74B in Q3 2019, closing 49 positions and reducing 34 holdings. Its most notable exit was L3 Technologies, Inc., an estimated $348M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 16% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Water Island Capital opened a new position in Genesee & Wyoming Inc. worth $50.3M.

  • Water Island Capital's largest Q3 2019 buy was Genesee & Wyoming Inc.: 455,324 shares worth $50.3M.
  • Water Island Capital added most to Buckeye Partners, L.P. in Q3 2019, an estimated $47.7M increase.
  • Water Island Capital's biggest Q3 2019 reduction was Celgene Corp, cutting an estimated $87.6M.
  • Water Island Capital fully exited L3 Technologies, Inc. in Q3 2019, selling an estimated $348M.
  • Water Island Capital's ten largest holdings make up 65% of its $1.61B portfolio in Q3 2019.
  • Water Island Capital opened 30 new positions and closed 49 in Q3 2019.
  • Water Island Capital's portfolio value fell 63% quarter-over-quarter to $1.61B.

Based on Water Island Capital's 13F filing for Q3 2019, filed 12 Nov 2019.