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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
+11.91%
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
$1.12B
AUM Growth
-$48.4M
Cap. Flow
-$122M
Cap. Flow %
-10.89%
Top 10 Hldgs %
53.06%
Holding
115
New
39
Increased
9
Reduced
20
Closed
34

Top Buys

Rank Stock Value
1
DEN
Denbury Inc.
DEN
+$47.6M
2
NEWR
New Relic, Inc.
NEWR
+$34.2M
3
CPRI icon
Capri Holdings
CPRI
+$32.6M
4
ABCM
Abcam PLC
ABCM
+$32.6M
5
AVID
Avid Technology Inc
AVID
+$31.5M

Top Sells

Rank Stock Value
1
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$62.9M
2
UNVR
Univar Solutions Inc.
UNVR
+$53M
3
CIR
CIRCOR International, Inc
CIR
+$40.5M
4
FOCS
Focus Financial Partners Inc. Class A
FOCS
+$35.2M
5
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
+$31.7M

Sector Composition

Rank Sector Weight
1 Technology 29.05%
2 Healthcare 16.97%
3 Consumer Staples 8.05%
4 Energy 7.49%
5 Financials 5.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FHN icon
26
First Horizon
FHN
$12.1B
$15.3M 1.37%
1,386,349
-184,332
-12% -$2.28M
CHS
27
DELISTED
Chicos FAS, Inc.
CHS
$10.4M 0.93%
+1,390,000
New +$7.47M
HEP
28
DELISTED
Holly Energy Partners, L.P.
HEP
$10.3M 0.92%
+468,002
New +$9.79M
ROG icon
29
Rogers Corp
ROG
$2.4B
$10.1M 0.9%
76,597
-28,531
-27% -$4.26M
CCF
30
DELISTED
Chase Corporation
CCF
$8.02M 0.72%
+62,997
New +$7.89M
VRTV
31
DELISTED
VERITIV CORPORATION
VRTV
$7.96M 0.71%
+47,137
New +$7.31M
SCU
32
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
$7.3M 0.65%
+629,300
New +$6.89M
CIR
33
DELISTED
CIRCOR International, Inc
CIR
$6.88M 0.62%
123,489
-725,714
-85% -$40.5M
FRGI
34
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
$6.14M 0.55%
+725,584
New +$5.96M
HT
35
CALL
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$5.3M 0.47%
+537,400
New +$4.12M
WRK
36
DELISTED
WestRock Company
WRK
$5.23M 0.47%
+146,000
New +$4.79M
MX icon
37
Magnachip Semiconductor
MX
$145M
$4.56M 0.41%
548,784
-38,414
-7% -$335K
MXL icon
38
CALL
MaxLinear
MXL
$6.8B
$4.13M 0.37%
185,700
+50,400
+37% +$1.28M
GMED icon
39
PUT
Globus Medical
GMED
$11.2B
$3.86M 0.35%
+77,800
New +$4.35M
GMED icon
40
Globus Medical
GMED
$11.2B
$3.86M 0.34%
77,756
-31,725
-29% -$1.77M
SCPL
41
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
$3.46M 0.31%
+151,925
New +$3.26M
HT
42
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$3.09M 0.28%
+313,062
New +$2.4M
RBA icon
43
RB Global
RBA
$17.5B
$3.05M 0.27%
48,871
-4,503
-8% -$277K
TRHC
44
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$2.77M 0.25%
+269,001
New +$2.55M
ML
45
DELISTED
MoneyLion Inc.
ML
$2.24M 0.2%
103,640
– –
HWM icon
46
CALL
Howmet Aerospace
HWM
$112B
$2.1M 0.19%
45,500
-17,000
-27% -$828K
OKE icon
47
Oneok
OKE
$54.5B
$1.98M 0.18%
+31,268
New +$2.04M
XOM icon
48
ExxonMobil
XOM
$634B
$1.38M 0.12%
+11,718
New +$1.29M
HIG icon
49
Hartford Financial Services
HIG
$39.3B
$1.18M 0.11%
16,672
– –
XRX icon
50
CALL
Xerox
XRX
$425M
$1.1M 0.1%
70,000
+5,000
+8% +$79K
1
2
3 4 5

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Water Island Capital's Q3 2023 Portfolio in Review

As of Q3 2023, Water Island Capital held 115 positions worth $1.12B, down 4.1% from $1.17B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Water Island Capital withdrew a net $122M in Q3 2023, closing 34 positions and reducing 20 holdings. Its most notable exit was Aerojet Rocketdyne Holdings, an estimated $62.9M position sold in full.

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

Against the trend, Water Island Capital opened a new position in Denbury Inc. worth $51.6M.

  • Water Island Capital's largest Q3 2023 buy was Denbury Inc.: 526,336 shares worth $51.6M.
  • Water Island Capital added most to Seagen Inc. Common Stock in Q3 2023, an estimated $15.9M increase.
  • Water Island Capital's biggest Q3 2023 reduction was CIRCOR International, Inc, cutting an estimated $40.5M.
  • Water Island Capital fully exited Aerojet Rocketdyne Holdings in Q3 2023, selling an estimated $62.9M.
  • Water Island Capital's ten largest holdings make up 53% of its $1.12B portfolio in Q3 2023.
  • Water Island Capital opened 39 new positions and closed 34 in Q3 2023.
  • Water Island Capital's portfolio value fell 4.1% quarter-over-quarter to $1.12B.

Based on Water Island Capital's 13F filing for Q3 2023, filed 14 Nov 2023.