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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
+20.28%
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
$1.64B
AUM Growth
+$222M
Cap. Flow
+$227M
Cap. Flow %
13.84%
Top 10 Hldgs %
48.06%
Holding
151
New
49
Increased
10
Reduced
28
Closed
55

Top Buys

Rank Stock Value
1
COHR
Coherent Inc
COHR
+$72.4M
2
CHNG
Change Healthcare Inc. Common Stock
CHNG
+$61.5M
3
INFO
IHS Markit Ltd. Common Shares
INFO
+$54.5M
4
EGOV
NIC Inc
EGOV
+$54.4M
5
CUB
Cubic Corporation
CUB
+$48M

Top Sells

Rank Stock Value
1
EV
Eaton Vance Corp.
EV
+$101M
2
NGHC
National General Holdings Corp
NGHC
+$84.7M
3
TXNM
TXNM Energy Inc
TXNM
+$69.4M
4
ACIA
Acacia Communications Inc
ACIA
+$65.9M
5
CXO
CONCHO RESOURCES INC.
CXO
+$41.7M

Sector Composition

Rank Sector Weight
1 Technology 21.84%
2 Healthcare 16.95%
3 Industrials 15.01%
4 Communication Services 10.69%
5 Financials 8.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AJRD
26
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$28.8M 1.76%
613,018
+59,138
+11% +$3.01M
KSU
27
DELISTED
Kansas City Southern
KSU
$24.2M 1.48%
+91,873
New +$20M
FRTA
28
DELISTED
Forterra, Inc
FRTA
$23.1M 1.41%
+993,813
New +$21.4M
GWPH
29
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
$17.9M 1.09%
+82,394
New +$15.5M
CTB
30
DELISTED
Cooper Tire & Rubber Co.
CTB
$16.7M 1.02%
+298,805
New +$14.3M
ENBL
31
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
$12.6M 0.77%
+1,951,094
New +$12.1M
PRAH
32
DELISTED
PRA Health Sciences, Inc.
PRAH
$11.6M 0.71%
+75,646
New +$10.3M
TLND
33
DELISTED
Talend S.A. American Depositary Shares
TLND
$11.4M 0.69%
+178,455
New +$9.27M
FPRX
34
DELISTED
Five Prime Therapeutics, Inc.
FPRX
$5.87M 0.36%
+155,703
New +$3.88M
FLY
35
DELISTED
Fly Leasing Limited
FLY
$5.8M 0.35%
+344,000
New +$3.89M
PAND
36
DELISTED
Pandion Therapeutics Inc. Common Stock
PAND
$5.7M 0.35%
+94,934
New +$3.44M
PBCT
37
DELISTED
People's United Financial Inc
PBCT
$4.45M 0.27%
+248,502
New +$4M
GIGGU
38
DELISTED
GigCapital4, Inc. Unit
GIGGU
$2.22M 0.14%
+225,000
New +$2.28M
CLAS.U
39
DELISTED
Class Acceleration Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
CLAS.U
$1.97M 0.12%
+198,900
New +$2.08M
FREE
40
DELISTED
Whole Earth Brands, Inc. Class A Common Stock
FREE
$1.74M 0.11%
133,083
-26,917
-17% -$343K
BHSEU
41
DELISTED
Bull Horn Holdings Corp. Unit
BHSEU
$1.56M 0.1%
150,000
– –
GOEV
42
DELISTED
Canoo Inc. Class A Common Stock
GOEV
$1.52M 0.09%
365
-222
-38% -$1.52M
OWL icon
43
Blue Owl Capital
OWL
$18.5B
$1.38M 0.08%
+140,004
New +$1.45M
ROCCU
44
DELISTED
Roth CH Acquisition II Co. Unit
ROCCU
$1.21M 0.07%
115,000
– –
XPOA.U
45
DELISTED
DPCM Capital, Inc. Units, each consisting of one share of Class A common stock and one-third of one
XPOA.U
$1.02M 0.06%
100,000
-25,000
-20% -$281K
VYGG
46
DELISTED
Vy Global Growth
VYGG
$1.02M 0.06%
98,208
-1,792
-2% -$19.8K
GSQD
47
DELISTED
G Squared Ascend I Inc.
GSQD
$1M 0.06%
+100,000
New +$978K
TALK icon
48
Talkspace
TALK
$874M
$992K 0.06%
100,002
-50,001
-33% -$543K
TGNA
49
DELISTED
TEGNA Inc
TGNA
$991K 0.06%
52,655
-58,497
-53% -$1.03M
FTEV.U
50
DELISTED
FinTech Evolution Acquisition Group Units, each consisting of one Class A Ordinary Share, and one-third of one redeemable warrant
FTEV.U
$949K 0.06%
+96,100
New +$960K
1
2
3 4 5

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Water Island Capital's Q1 2021 Portfolio in Review

As of Q1 2021, Water Island Capital held 151 positions worth $1.64B, up 16% from $1.42B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Water Island Capital deployed $227M of net new capital in Q1 2021, opening 49 new positions and adding to 10 existing holdings. Its largest new stake was Coherent Inc: 326,154 shares worth $82.5M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 17% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Watford Holdings Ltd. Common Shares, an estimated $28.9M trimmed.

  • Water Island Capital's largest Q1 2021 buy was Coherent Inc: 326,154 shares worth $82.5M.
  • Water Island Capital added most to IHS Markit Ltd. Common Shares in Q1 2021, an estimated $54.5M increase.
  • Water Island Capital's biggest Q1 2021 reduction was Watford Holdings Ltd. Common Shares, cutting an estimated $28.9M.
  • Water Island Capital fully exited Eaton Vance Corp. in Q1 2021, selling an estimated $101M.
  • Water Island Capital's ten largest holdings make up 48% of its $1.64B portfolio in Q1 2021.
  • Water Island Capital opened 49 new positions and closed 55 in Q1 2021.
  • Water Island Capital's portfolio value rose 16% quarter-over-quarter to $1.64B.

Based on Water Island Capital's 13F filing for Q1 2021, filed 13 May 2021.