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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
+18.33%
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
$1.09B
AUM Growth
-$295M
Cap. Flow
-$321M
Cap. Flow %
-29.51%
Top 10 Hldgs %
81.78%
Holding
105
New
49
Increased
15
Reduced
11
Closed
24

Top Buys

Rank Stock Value
1
ETFC
E*Trade Financial Corporation
ETFC
+$101M
2
ADSW
Advanced Disposal Services Inc
ADSW
+$55M
3
WTW icon
Willis Towers Watson
WTW
+$50.4M
4
PTLA
Portola Pharmaceuticals, Inc.
PTLA
+$32.7M
5
LM
Legg Mason, Inc.
LM
+$30M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$151M
2
TECD
Tech Data Corp
TECD
+$121M
3
AXE
Anixter International Inc
AXE
+$97.1M
4
WBC
WABCO HOLDINGS INC.
WBC
+$92.1M
5
CZR
Caesars Entertainment Corporation
CZR
+$64.7M

Sector Composition

Rank Sector Weight
1 Financials 38.63%
2 Technology 13.7%
3 Healthcare 12.31%
4 Industrials 7.17%
5 Consumer Discretionary 4.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ARB icon
26
AltShares Merger Arbitrage ETF
ARB
$102M
$1.77M 0.16%
+72,459
New +$1.78M
ACM icon
27
Aecom
ACM
$9.75B
$1.76M 0.16%
46,750
+6,522
+16% +$234K
PRTK
28
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
$1.65M 0.15%
316,053
-35,888
-10% -$159K
PRSP
29
DELISTED
Perspecta Inc. Common Stock
PRSP
$1.61M 0.15%
69,492
+57,000
+456% +$1.24M
TMC icon
30
TMC The Metals Company
TMC
$1.98B
$1.51M 0.14%
+150,000
New +$1.46M
DNMR
31
DELISTED
Danimer Scientific, Inc.
DNMR
$1.4M 0.13%
+5,052
New +$1.96M
TREB.U
32
DELISTED
Trebia Acquisition Corp. Units, each consisting of one Class A Ordinary Share, and one-third of one
TREB.U
$1.25M 0.12%
+120,000
New +$1.25M
FREE
33
DELISTED
Whole Earth Brands, Inc. Class A Common Stock
FREE
$1.18M 0.11%
+146,000
New +$1.46M
FVAC.U
34
DELISTED
Fortress Value Acquisition Corp. Units, each consisting of one share of Class A common stock and one
FVAC.U
$1.08M 0.1%
+105,000
New +$1.06M
WPF.U
35
DELISTED
Foley Trasimene Acquisition Corp.
WPF.U
$1.07M 0.1%
+100,000
New +$1.05M
GIK.U
36
DELISTED
GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee
GIK.U
$1.05M 0.1%
+105,000
New +$1.04M
CLGX
37
DELISTED
Corelogic, Inc.
CLGX
$1.04M 0.1%
+15,500
New +$689K
SPAQ.WS
38
DELISTED
Spartan Energy Acquisition Corp. Warrants, each whole warrant exercisable for one Class A common sto
SPAQ.WS
$795K 0.07%
+100,000
New +$65.3K
UTZ icon
39
Utz Brands
UTZ
$1.25B
$739K 0.07%
+53,932
New +$625K
WCC
40
WESCO International
WCC
$17.7B
$597K 0.05%
17,000
-13,750
-45% -$411K
MPC icon
41
Marathon Petroleum
MPC
$83.7B
$579K 0.05%
+15,500
New +$498K
ETWO
42
DELISTED
E2open Parent Holdings
ETWO
$530K 0.05%
+49,998
New +$502K
SPRU icon
43
Spruce Power Holding Corp
SPRU
$39.9M
$507K 0.05%
+6,243
New +$499K
ARCH
44
DELISTED
Arch Resources, Inc.
ARCH
$480K 0.04%
16,900
+7,500
+80% +$233K
BWA icon
45
BorgWarner
BWA
$13.9B
$473K 0.04%
15,217
-35,478
-70% -$935K
AVYA
46
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
$442K 0.04%
60,900
+11,550
+23% +$133K
CLDR
47
DELISTED
Cloudera, Inc.
CLDR
$432K 0.04%
+34,000
New +$327K
NBL
48
DELISTED
Noble Energy, Inc.
NBL
$390K 0.04%
43,500
-11,000
-20% -$98.3K
PCG icon
49
PG&E
PCG
$38.5B
$389K 0.04%
+43,800
New +$477K
MTNB icon
50
Matinas BioPharma
MTNB
$1.81M
$387K 0.04%
10,000
+487
+5% +$18.7K
1
2
3 4

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Water Island Capital's Q2 2020 Portfolio in Review

As of Q2 2020, Water Island Capital held 105 positions worth $1.09B, down 21% from $1.38B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Water Island Capital withdrew a net $321M in Q2 2020, closing 24 positions and reducing 11 holdings. Its most notable exit was Allergan plc, an estimated $151M position sold in full.

By sector, the portfolio is most concentrated in Financials at 39% of assets, up from 13% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Water Island Capital opened a new position in Advanced Disposal Services Inc worth $52M.

  • Water Island Capital's largest Q2 2020 buy was Advanced Disposal Services Inc: 1,724,525 shares worth $52M.
  • Water Island Capital added most to E*Trade Financial Corporation in Q2 2020, an estimated $101M increase.
  • Water Island Capital's biggest Q2 2020 reduction was ForeScout Technologies, Inc. Common Stock, cutting an estimated $48.9M.
  • Water Island Capital fully exited Allergan plc in Q2 2020, selling an estimated $151M.
  • Water Island Capital's ten largest holdings make up 82% of its $1.09B portfolio in Q2 2020.
  • Water Island Capital opened 49 new positions and closed 24 in Q2 2020.
  • Water Island Capital's portfolio value fell 21% quarter-over-quarter to $1.09B.

Based on Water Island Capital's 13F filing for Q2 2020, filed 12 Aug 2020.