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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
+22.82%
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
$1.27B
AUM Growth
+$28.2M
Cap. Flow
-$41.5M
Cap. Flow %
-3.28%
Top 10 Hldgs %
48.61%
Holding
121
New
33
Increased
18
Reduced
9
Closed
46

Top Buys

Rank Stock Value
1
DCP
DCP Midstream, LP
DCP
+$57.9M
2
XM
Qualtrics International Inc. Class A Common Stock
XM
+$44.4M
3
UNVR
Univar Solutions Inc.
UNVR
+$43.2M
4
SUMO
Sumo Logic, Inc. Common Stock
SUMO
+$42.2M
5
FOCS
Focus Financial Partners Inc. Class A
FOCS
+$33.3M

Top Sells

Rank Stock Value
1
STOR
STORE Capital Corporation
STOR
+$56.9M
2
SJI
South Jersey Industries, Inc.
SJI
+$55.3M
3
SWIR
Sierra Wireless
SWIR
+$53.5M
4
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
+$43.4M
5
LHCG
LHC Group LLC
LHCG
+$42.3M

Sector Composition

Rank Sector Weight
1 Technology 29.45%
2 Communication Services 12.6%
3 Healthcare 11.58%
4 Financials 8.49%
5 Industrials 7.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INDT
26
DELISTED
INDUS Realty Trust, Inc. (MD) Common Stock
INDT
$18.9M 1.49%
+285,407
New +$18.5M
FORG
27
DELISTED
ForgeRock, Inc.
FORG
$17.9M 1.41%
866,805
+209,389
+32% +$4.25M
MNTV
28
PUT
DELISTED
Momentive Global Inc. Common Stock
MNTV
$16.1M 1.27%
1,728,000
– –
KBAL
29
DELISTED
Kimball International
KBAL
$15.6M 1.23%
+1,256,548
New +$10.8M
ARGO
30
DELISTED
Argo Group International Holdings, Ltd.
ARGO
$15M 1.18%
+511,945
New +$14.5M
AQUA
31
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$12.2M 0.96%
+244,675
New +$11.4M
ROCC
32
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
$11.3M 0.89%
+277,634
New +$11.4M
ATCX
33
DELISTED
Atlas Technical Consultants, Inc. Class A Common Stock
ATCX
$9.86M 0.78%
+808,490
New +$8.25M
AMYT
34
DELISTED
Amryt Pharma plc American Depositary Shares
AMYT
$8.52M 0.67%
+584,566
New +$8.26M
GMED icon
35
Globus Medical
GMED
$11.2B
$6.25M 0.49%
+110,300
New +$7.07M
IRBT
36
DELISTED
iRobot
IRBT
$5.76M 0.45%
131,893
-308,888
-70% -$13.7M
MX icon
37
Magnachip Semiconductor
MX
$145M
$5.51M 0.43%
593,222
-20,006
-3% -$198K
HZNP
38
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$5.02M 0.4%
46,000
– –
BKI
39
DELISTED
Black Knight, Inc. Common Stock
BKI
$3.74M 0.3%
65,000
-45,966
-41% -$2.75M
RBA icon
40
RB Global
RBA
$17.5B
$3.03M 0.24%
+53,760
New +$3.17M
FHN icon
41
PUT
First Horizon
FHN
$12.1B
$2.77M 0.22%
+155,700
New +$3.46M
CZR icon
42
CALL
Caesars Entertainment
CZR
$6.14B
$2.68M 0.21%
55,000
+35,000
+175% +$1.72M
HWM icon
43
CALL
Howmet Aerospace
HWM
$112B
$1.8M 0.14%
42,500
+21,500
+102% +$881K
GEN icon
44
CALL
Gen Digital
GEN
$17.5B
$1.26M 0.1%
73,500
+35,000
+91% +$702K
ACI icon
45
Albertsons Companies
ACI
$5.83B
$1.25M 0.1%
+60,000
New +$1.24M
ATVI
46
PUT
DELISTED
Activision Blizzard
ATVI
$1.23M 0.1%
+14,400
New +$1.12M
SAVE
47
DELISTED
Spirit Airlines, Inc.
SAVE
$1.17M 0.09%
68,126
+6,693
+11% +$125K
HIG icon
48
Hartford Financial Services
HIG
$39.3B
$1.16M 0.09%
16,672
-600
-3% -$44.6K
NATI
49
DELISTED
National Instruments Corp
NATI
$1.14M 0.09%
+21,750
New +$1.09M
XRX icon
50
CALL
Xerox
XRX
$425M
$1.08M 0.09%
70,000
– –
1
2
3 4 5

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Water Island Capital's Q1 2023 Portfolio in Review

As of Q1 2023, Water Island Capital held 121 positions worth $1.27B, up 2.3% from $1.24B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Water Island Capital withdrew a net $41.5M in Q1 2023, closing 46 positions and reducing 9 holdings. Its most notable exit was STORE Capital Corporation, an estimated $56.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 26% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Water Island Capital opened a new position in DCP Midstream, LP worth $58M.

  • Water Island Capital's largest Q1 2023 buy was DCP Midstream, LP: 1,391,204 shares worth $58M.
  • Water Island Capital added most to Momentive Global Inc. Common Stock in Q1 2023, an estimated $28.5M increase.
  • Water Island Capital's biggest Q1 2023 reduction was iRobot, cutting an estimated $13.7M.
  • Water Island Capital fully exited STORE Capital Corporation in Q1 2023, selling an estimated $56.9M.
  • Water Island Capital's ten largest holdings make up 49% of its $1.27B portfolio in Q1 2023.
  • Water Island Capital opened 33 new positions and closed 46 in Q1 2023.
  • Water Island Capital's portfolio value rose 2.3% quarter-over-quarter to $1.27B.

Based on Water Island Capital's 13F filing for Q1 2023, filed 25 May 2023.