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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
+11.67%
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
$962M
AUM Growth
-$51.6M
Cap. Flow
-$97.1M
Cap. Flow %
-10.09%
Top 10 Hldgs %
55.5%
Holding
85
New
27
Increased
6
Reduced
15
Closed
24

Top Buys

Rank Stock Value
1
AXNX
Axonics, Inc. Common Stock
AXNX
+$47.9M
2
DOOR
MASONITE INTERNATIONAL CORP
DOOR
+$39.8M
3
ANSS
Ansys
ANSS
+$39.7M
4
EVBG
Everbridge, Inc. Common Stock
EVBG
+$39.6M
5
MGRC icon
McGrath RentCorp
MGRC
+$35.7M

Top Sells

Rank Stock Value
1
SPLK
Splunk Inc
SPLK
+$73M
2
SOVO
Sovos Brands, Inc. Common Stock
SOVO
+$64.8M
3
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
+$56.7M
4
AYX
Alteryx Inc
AYX
+$37M
5
TGH
Textainer Group Holdings limited
TGH
+$29M

Sector Composition

Rank Sector Weight
1 Healthcare 22.57%
2 Technology 18.28%
3 Energy 17.16%
4 Industrials 9.23%
5 Consumer Discretionary 7.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CTLT
26
CALL
DELISTED
CATALENT, INC.
CTLT
$5.64M 0.59%
+100,000
New +$5.42M
STER
27
DELISTED
Sterling Check Corp. Common Stock
STER
$1.75M 0.18%
+108,862
New +$1.55M
KAMN
28
DELISTED
Kaman Corp
KAMN
$1.61M 0.17%
+35,021
New +$1.44M
ERF
29
DELISTED
Enerplus Corporation
ERF
$1.57M 0.16%
+80,044
New +$1.3M
SWN
30
DELISTED
Southwestern Energy Company
SWN
$1.39M 0.14%
+183,240
New +$1.24M
DFS
31
DELISTED
Discover Financial Services
DFS
$1.37M 0.14%
+10,448
New +$1.2M
APA icon
32
APA Corp
APA
$13.2B
$1.32M 0.14%
+38,469
New +$1.22M
HAYN
33
DELISTED
Haynes International, Inc.
HAYN
$1.16M 0.12%
+19,345
New +$1.11M
EGLE
34
DELISTED
Eagle Bulk Shipping Inc.
EGLE
$1.15M 0.12%
18,366
-85,649
-82% -$5M
SP
35
DELISTED
SP Plus Corporation
SP
$1.1M 0.11%
20,989
-187,854
-90% -$9.69M
HRT
36
DELISTED
HireRight Holdings Corporation
HRT
$1.05M 0.11%
+73,697
New +$987K
TAST
37
DELISTED
Carrols Restaurant Group, Inc.
TAST
$1.05M 0.11%
+110,206
New +$1.02M
PRKS icon
38
CALL
United Parks & Resorts
PRKS
$2.12B
$984K 0.1%
17,500
– –
HA
39
DELISTED
Hawaiian Holdings, Inc.
HA
$968K 0.1%
72,645
-487,441
-87% -$6.78M
ETRN
40
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$927K 0.1%
+74,219
New +$796K
PLAY icon
41
CALL
Dave & Buster's
PLAY
$357M
$876K 0.09%
14,000
-300
-2% -$17.2K
XRX icon
42
CALL
Xerox
XRX
$425M
$797K 0.08%
44,500
– –
CCI icon
43
Crown Castle
CCI
$32.2B
$669K 0.07%
6,326
+224
+4% +$24.4K
WRK
44
DELISTED
WestRock Company
WRK
$657K 0.07%
13,290
-5,026
-27% -$220K
CSTR
45
DELISTED
CapStar Financial Holdings, Inc
CSTR
$557K 0.06%
27,716
-15,764
-36% -$293K
NWLI
46
DELISTED
National Western Life Group, Inc. Class A
NWLI
$528K 0.05%
1,074
-2,246
-68% -$1.09M
DSKE
47
DELISTED
Daseke, Inc. Common Stock
DSKE
$473K 0.05%
+56,938
New +$466K
CNSL
48
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
$400K 0.04%
92,692
-20,153
-18% -$87.7K
TDS icon
49
PUT
Telephone and Data Systems
TDS
$3.75B
$320K 0.03%
+20,000
New +$341K
GEN icon
50
CALL
Gen Digital
GEN
$17.5B
$291K 0.03%
13,000
-7,000
-35% -$155K
1
2
3 4

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Water Island Capital's Q1 2024 Portfolio in Review

As of Q1 2024, Water Island Capital held 85 positions worth $962M, down 5.1% from $1.01B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Water Island Capital withdrew a net $97.1M in Q1 2024, closing 24 positions and reducing 15 holdings. Its most notable exit was Splunk Inc, an estimated $73M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 23% of assets, down from 23% a quarter earlier, followed by Technology and Energy.

Against the trend, Water Island Capital opened a new position in Axonics, Inc. Common Stock worth $49M.

  • Water Island Capital's largest Q1 2024 buy was Axonics, Inc. Common Stock: 710,124 shares worth $49M.
  • Water Island Capital added most to US Steel in Q1 2024, an estimated $34.1M increase.
  • Water Island Capital's biggest Q1 2024 reduction was Hess, cutting an estimated $14.8M.
  • Water Island Capital fully exited Splunk Inc in Q1 2024, selling an estimated $73M.
  • Water Island Capital's ten largest holdings make up 55% of its $962M portfolio in Q1 2024.
  • Water Island Capital opened 27 new positions and closed 24 in Q1 2024.
  • Water Island Capital's portfolio value fell 5.1% quarter-over-quarter to $962M.

Based on Water Island Capital's 13F filing for Q1 2024, filed 15 May 2024.