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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
+2.31%
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
$1.6B
AUM Growth
-$370M
Cap. Flow
-$284M
Cap. Flow %
-17.76%
Top 10 Hldgs %
39.13%
Holding
121
New
37
Increased
18
Reduced
23
Closed
33

Top Buys

Rank Stock Value
1
CDK
CDK Global, Inc.
CDK
+$55.3M
2
ZEN
ZENDESK INC
ZEN
+$50.7M
3
SAIL
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
+$42.8M
4
ACC
American Campus Communities, Inc.
ACC
+$36.4M
5
SWCH
Switch, Inc. Class A Common Stock
SWCH
+$32.2M

Top Sells

Rank Stock Value
1
COHR
Coherent Inc
COHR
+$71.3M
2
CERN
Cerner Corp
CERN
+$66.9M
3
HMHC
Houghton Mifflin Harcourt Company
HMHC
+$60.4M
4
PLAN
Anaplan, Inc.
PLAN
+$57.9M
5
MIME
Mimecast Limited
MIME
+$54.8M

Sector Composition

Rank Sector Weight
1 Technology 33.06%
2 Industrials 17.99%
3 Communication Services 11.95%
4 Financials 8.43%
5 Healthcare 6.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TWTR
26
DELISTED
Twitter, Inc.
TWTR
$27.8M 1.74%
+743,099
New +$31.9M
WW
27
DELISTED
WW International
WW
$27.5M 1.72%
139,411
-153,974
-52% -$1.3M
AJRD
28
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$27.3M 1.7%
671,186
-55,538
-8% -$2.25M
CVET
29
DELISTED
Covetrus, Inc. Common Stock
CVET
$25.8M 1.61%
+1,245,380
New +$22.2M
VMW
30
DELISTED
VMware, Inc
VMW
$23.5M 1.47%
+206,250
New +$23.4M
MNTV
31
DELISTED
Momentive Global Inc. Common Stock
MNTV
$21.4M 1.34%
2,432,967
-32,584
-1% -$436K
MANT
32
DELISTED
Mantech International Corp
MANT
$20M 1.25%
+209,755
New +$18.8M
NPTN
33
DELISTED
NEOPHOTONICS CORP
NPTN
$18.1M 1.13%
1,151,614
-506,083
-31% -$7.73M
TMX
34
DELISTED
Terminix Global Holdings, Inc.
TMX
$17.7M 1.11%
436,309
+127,027
+41% +$5.51M
ATC
35
DELISTED
Atotech Limited
ATC
$16.5M 1.03%
853,462
-297,418
-26% -$6.14M
DRE
36
DELISTED
Duke Realty Corp.
DRE
$14M 0.87%
+253,912
New +$13.9M
NTUS
37
DELISTED
Natus Medical Inc
NTUS
$13.1M 0.82%
+400,667
New +$12.7M
TUFN
38
DELISTED
Tufin Software Technologies Ltd.
TUFN
$10.6M 0.66%
+845,985
New +$10.5M
SIMO icon
39
Silicon Motion
SIMO
$8.68B
$10.2M 0.64%
+122,287
New +$10.3M
MX icon
40
Magnachip Semiconductor
MX
$145M
$9.57M 0.6%
658,926
-500,806
-43% -$8.61M
BRG
41
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
$8.15M 0.51%
310,186
-166,372
-35% -$4.39M
CTT
42
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
$7.58M 0.47%
+753,561
New +$6.9M
BKI
43
DELISTED
Black Knight, Inc. Common Stock
BKI
$7.54M 0.47%
+115,310
New +$7.76M
AUY
44
DELISTED
Yamana Gold, Inc.
AUY
$5.5M 0.34%
+1,182,400
New +$6.41M
ML
45
DELISTED
MoneyLion Inc.
ML
$4.31M 0.27%
108,829
-11,394
-9% -$605K
PSB
46
DELISTED
PS Business Parks, Inc.
PSB
$2.45M 0.15%
+13,069
New +$2.38M
CCMP
47
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$1.88M 0.12%
10,791
-241,857
-96% -$42.8M
MTOR
48
DELISTED
MERITOR, Inc.
MTOR
$1.58M 0.1%
43,527
-1,106,017
-96% -$39.8M
GCP
49
DELISTED
GCP Applied Technologies Inc.
GCP
$1.23M 0.08%
39,294
-1,008,803
-96% -$31.4M
HIG icon
50
Hartford Financial Services
HIG
$39.3B
$1.22M 0.08%
18,667
-27
-0.1% -$1.89K
1
2
3 4 5

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Water Island Capital's Q2 2022 Portfolio in Review

As of Q2 2022, Water Island Capital held 121 positions worth $1.6B, down 19% from $1.97B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Water Island Capital withdrew a net $284M in Q2 2022, closing 33 positions and reducing 23 holdings. Its most notable exit was Cerner Corp, an estimated $66.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 31% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Water Island Capital opened a new position in CDK Global, Inc. worth $56M.

  • Water Island Capital's largest Q2 2022 buy was CDK Global, Inc.: 1,022,477 shares worth $56M.
  • Water Island Capital added most to Alleghany Corp in Q2 2022, an estimated $18.6M increase.
  • Water Island Capital's biggest Q2 2022 reduction was Coherent Inc, cutting an estimated $71.3M.
  • Water Island Capital fully exited Cerner Corp in Q2 2022, selling an estimated $66.9M.
  • Water Island Capital's ten largest holdings make up 39% of its $1.6B portfolio in Q2 2022.
  • Water Island Capital opened 37 new positions and closed 33 in Q2 2022.
  • Water Island Capital's portfolio value fell 19% quarter-over-quarter to $1.6B.

Based on Water Island Capital's 13F filing for Q2 2022, filed 15 Aug 2022.