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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
+9.26%
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
$993M
AUM Growth
+$6.07M
Cap. Flow
-$53.7M
Cap. Flow %
-5.41%
Top 10 Hldgs %
46.1%
Holding
105
New
29
Increased
15
Reduced
21
Closed
26

Top Buys

Rank Stock Value
1
K
Kellanova
K
+$44.1M
2
EVRI
Everi Holdings
EVRI
+$30.1M
3
RCM
R1 RCM Inc. Common Stock
RCM
+$27.6M
4
INST
Instructure Holdings, Inc.
INST
+$20M
5
PETQ
PetIQ, Inc. Class A Common Stock
PETQ
+$16.7M

Top Sells

Rank Stock Value
1
OLK
Olink Holding AB (publ) American Depositary Shares
OLK
+$37.2M
2
CERE
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
+$31.4M
3
HIBB
Hibbett, Inc. Common Stock
HIBB
+$20.5M
4
WIRE
Encore Wire Corp
WIRE
+$17.3M
5
PRFT
Perficient Inc
PRFT
+$15M

Sector Composition

Rank Sector Weight
1 Technology 26.55%
2 Healthcare 17.42%
3 Energy 14.4%
4 Consumer Staples 9.79%
5 Communication Services 6.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTTR
26
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
$11.8M 1.19%
2,630,281
+7,970
+0.3% +$34.8K
VGR
27
DELISTED
Vector Group Ltd.
VGR
$11.2M 1.13%
+750,814
New +$10.1M
CHUY
28
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
$10.8M 1.08%
+287,800
New +$10M
TWKS
29
DELISTED
Thoughtworks Holding, Inc. Common Stock
TWKS
$9.68M 0.97%
+2,189,000
New +$8.4M
PRFT
30
DELISTED
Perficient Inc
PRFT
$7.93M 0.8%
105,087
-199,934
-66% -$15M
CRGY icon
31
Crescent Energy
CRGY
$3.82B
$5.75M 0.58%
+525,000
New +$6M
SRCL
32
DELISTED
Stericycle Inc
SRCL
$5.74M 0.58%
94,103
-207,798
-69% -$12.3M
OEF icon
33
PUT
iShares S&P 100 ETF
OEF
$20.6B
$5.65M 0.57%
50,000
– –
X
34
PUT
DELISTED
US Steel
X
$4.95M 0.5%
+140,000
New +$5.33M
ILCV icon
35
PUT
iShares Morningstar Value ETF
ILCV
$1.35B
$4.01M 0.4%
50,000
-50,000
-50% -$3.96M
AY
36
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
$3.79M 0.38%
172,225
-439,991
-72% -$9.7M
WSC icon
37
CALL
WillScot Mobile Mini Holdings
WSC
$4.41B
$2.96M 0.3%
+78,800
New +$3.01M
CSGP icon
38
PUT
CoStar Group
CSGP
$12.3B
$2.68M 0.27%
35,500
– –
ENV
39
DELISTED
ENVESTNET, INC.
ENV
$2.5M 0.25%
+39,845
New +$2.48M
FYBR
40
PUT
DELISTED
Frontier Communications
FYBR
$2.31M 0.23%
+65,000
New +$1.95M
SPR
41
DELISTED
Spirit AeroSystems
SPR
$2.05M 0.21%
+62,952
New +$2.16M
NVEI
42
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
$1.67M 0.17%
49,942
+13,279
+36% +$439K
SWN
43
DELISTED
Southwestern Energy Company
SWN
$1.46M 0.15%
205,022
+11,171
+6% +$72.1K
DFS
44
DELISTED
Discover Financial Services
DFS
$1.39M 0.14%
9,890
-292
-3% -$39.3K
ALE
45
DELISTED
Allete
ALE
$1.33M 0.13%
20,669
-165,107
-89% -$10.5M
HTLF
46
DELISTED
Heartland Financial USA, Inc.
HTLF
$1.18M 0.12%
20,879
+2,877
+16% +$151K
PWSC
47
DELISTED
PowerSchool Holdings, Inc.
PWSC
$1.16M 0.12%
50,893
-449,982
-90% -$10.2M
SRDX
48
DELISTED
Surmodics
SRDX
$989K 0.1%
25,504
-2,088
-8% -$84.5K
AGS
49
DELISTED
PlayAGS
AGS
$895K 0.09%
78,540
-828,614
-91% -$9.41M
HAYN
50
DELISTED
Haynes International, Inc.
HAYN
$894K 0.09%
15,018
+8,358
+125% +$497K
1
2
3 4

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Water Island Capital's Q3 2024 Portfolio in Review

As of Q3 2024, Water Island Capital held 105 positions worth $993M, up 0.62% from $987M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Water Island Capital withdrew a net $53.7M in Q3 2024, closing 26 positions and reducing 21 holdings. Its most notable exit was Olink Holding AB (publ) American Depositary Shares, an estimated $37.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Water Island Capital opened a new position in Kellanova worth $50M.

  • Water Island Capital's largest Q3 2024 buy was Kellanova: 619,784 shares worth $50M.
  • Water Island Capital added most to Marathon Oil Corporation in Q3 2024, an estimated $13M increase.
  • Water Island Capital's biggest Q3 2024 reduction was Perficient Inc, cutting an estimated $15M.
  • Water Island Capital fully exited Olink Holding AB (publ) American Depositary Shares in Q3 2024, selling an estimated $37.2M.
  • Water Island Capital's ten largest holdings make up 46% of its $993M portfolio in Q3 2024.
  • Water Island Capital opened 29 new positions and closed 26 in Q3 2024.
  • Water Island Capital's portfolio value rose 0.62% quarter-over-quarter to $993M.

Based on Water Island Capital's 13F filing for Q3 2024, filed 14 Nov 2024.