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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
+11.04%
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
$1.17B
AUM Growth
-$100M
Cap. Flow
-$148M
Cap. Flow %
-12.64%
Top 10 Hldgs %
53.56%
Holding
106
New
32
Increased
19
Reduced
14
Closed
30

Top Buys

Rank Stock Value
1
NATI
National Instruments Corp
NATI
+$53.7M
2
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
+$30.4M
3
CIR
CIRCOR International, Inc
CIR
+$29.8M
4
PDCE
PDC Energy, Inc.
PDCE
+$27.5M
5
LSI
Life Storage, Inc.
LSI
+$25.6M

Top Sells

Rank Stock Value
1
DCP
DCP Midstream, LP
DCP
+$58M
2
MNTV
Momentive Global Inc. Common Stock
MNTV
+$54.8M
3
XM
Qualtrics International Inc. Class A Common Stock
XM
+$51.8M
4
SUMO
Sumo Logic, Inc. Common Stock
SUMO
+$46.1M
5
SJR
Shaw Communications Inc.
SJR
+$43.7M

Sector Composition

Rank Sector Weight
1 Technology 28.34%
2 Healthcare 17.94%
3 Industrials 9.09%
4 Real Estate 5.43%
5 Communication Services 5.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ROG icon
26
Rogers Corp
ROG
$2.4B
$17M 1.46%
105,128
-34,808
-25% -$5.52M
VECT
27
DELISTED
VectivBio Holding AG Ordinary Shares
VECT
$16M 1.37%
+939,293
New +$12.3M
MMP
28
DELISTED
Magellan Midstream Partners, L.P.
MMP
$13.1M 1.12%
+210,360
New +$12.3M
ARNC
29
DELISTED
Arconic Corporation
ARNC
$11.3M 0.97%
+380,939
New +$10.5M
ILCV icon
30
PUT
iShares Morningstar Value ETF
ILCV
$1.35B
$11.3M 0.96%
+150,000
New +$9.66M
UBA
31
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
$10.4M 0.89%
+490,811
New +$9.16M
HZNP
32
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$7.92M 0.68%
+77,000
New +$8.12M
AMED
33
DELISTED
Amedisys
AMED
$7.8M 0.67%
+85,300
New +$7M
BTE icon
34
Baytex Energy
BTE
$2.92B
$6.88M 0.59%
+2,111,669
New +$7.39M
MX icon
35
Magnachip Semiconductor
MX
$145M
$6.56M 0.56%
587,198
-6,024
-1% -$58.9K
GMED icon
36
Globus Medical
GMED
$11.2B
$6.52M 0.56%
109,481
-819
-0.7% -$46.7K
MXL icon
37
CALL
MaxLinear
MXL
$6.8B
$4.27M 0.37%
+135,300
New +$3.91M
BKI
38
DELISTED
Black Knight, Inc. Common Stock
BKI
$3.85M 0.33%
64,540
-460
-0.7% -$25.8K
IRBT
39
CALL
DELISTED
iRobot
IRBT
$3.57M 0.31%
+79,000
New +$3.15M
RBA icon
40
RB Global
RBA
$17.5B
$3.2M 0.27%
53,374
-386
-0.7% -$21.8K
HWM icon
41
CALL
Howmet Aerospace
HWM
$113B
$3.1M 0.27%
62,500
+20,000
+47% +$891K
KDNY
42
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
$1.98M 0.17%
+51,468
New +$1.32M
DSEY
43
DELISTED
Diversey Holdings, Ltd. Ordinary Shares
DSEY
$1.54M 0.13%
183,798
-3,579,628
-95% -$29.6M
FRG
44
DELISTED
Franchise Group, Inc.
FRG
$1.46M 0.12%
+50,809
New +$1.46M
SAVE
45
DELISTED
Spirit Airlines, Inc.
SAVE
$1.25M 0.11%
72,805
+4,679
+7% +$76.6K
ML
46
DELISTED
MoneyLion Inc.
ML
$1.24M 0.11%
+103,640
New +$1.26M
HIG icon
47
Hartford Financial Services
HIG
$39.3B
$1.2M 0.1%
16,672
– –
XRX icon
48
CALL
Xerox
XRX
$425M
$968K 0.08%
65,000
-5,000
-7% -$73.2K
GHL
49
DELISTED
Greenhill & Co., Inc.
GHL
$935K 0.08%
+63,797
New +$674K
CZR icon
50
CALL
Caesars Entertainment
CZR
$6.14B
$917K 0.08%
18,000
-37,000
-67% -$1.68M
1
2
3 4

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Water Island Capital's Q2 2023 Portfolio in Review

As of Q2 2023, Water Island Capital held 106 positions worth $1.17B, down 7.9% from $1.27B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Water Island Capital withdrew a net $148M in Q2 2023, closing 30 positions and reducing 14 holdings. Its most notable exit was DCP Midstream, LP, an estimated $58M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Water Island Capital opened a new position in Syneos Health, Inc. Class A Common Stock worth $31.7M.

  • Water Island Capital's largest Q2 2023 buy was Syneos Health, Inc. Class A Common Stock: 751,590 shares worth $31.7M.
  • Water Island Capital added most to National Instruments Corp in Q2 2023, an estimated $53.7M increase.
  • Water Island Capital's biggest Q2 2023 reduction was Diversey Holdings, Ltd. Ordinary Shares, cutting an estimated $29.6M.
  • Water Island Capital fully exited DCP Midstream, LP in Q2 2023, selling an estimated $58M.
  • Water Island Capital's ten largest holdings make up 54% of its $1.17B portfolio in Q2 2023.
  • Water Island Capital opened 32 new positions and closed 30 in Q2 2023.
  • Water Island Capital's portfolio value fell 7.9% quarter-over-quarter to $1.17B.

Based on Water Island Capital's 13F filing for Q2 2023, filed 14 Aug 2023.