We are live on ! Find out more
WIC

Water Island Capital Portfolio holdings

AUM $896M
1-Year Est. Return 107.59%
This Fund
S&P 500
This Quarter Est. Return
+16.28%
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
$764M
AUM Growth
-$162M
Cap. Flow
-$215M
Cap. Flow %
-28.2%
Top 10 Hldgs %
49.18%
Holding
115
New
37
Increased
9
Reduced
20
Closed
31

Top Buys

Rank Stock Value
1
HEES
H&E Equipment Services
HEES
+$37.6M
2
BECN
Beacon Roofing Supply, Inc.
BECN
+$31.5M
3
PLYA
Playa Hotels & Resorts
PLYA
+$20.6M
4
PYCR
Paycor HCM, Inc. Common Stock
PYCR
+$16.7M
5
DNB
Dun & Bradstreet
DNB
+$14.7M

Top Sells

Rank Stock Value
1
HCP
HashiCorp, Inc. Class A Common Stock
HCP
+$44M
2
EDR
Endeavor Group Holdings, Inc.
EDR
+$42.1M
3
ACI icon
Albertsons Companies
ACI
+$36.6M
4
CHX
ChampionX
CHX
+$32.3M
5
SMAR
Smartsheet Inc.
SMAR
+$31.1M

Sector Composition

Rank Sector Weight
1 Industrials 13.91%
2 Technology 11.9%
3 Healthcare 11.37%
4 Consumer Discretionary 9.34%
5 Financials 6.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMCR icon
26
CALL
Amcor
AMCR
$22.1B
$9.14M 1.2%
188,500
– –
CMRX
27
DELISTED
Chimerix, Inc.
CMRX
$9.1M 1.19%
+1,069,051
New +$5.9M
RKT icon
28
CALL
Rocket Companies
RKT
$38.9B
$8.12M 1.06%
+672,500
New +$8.68M
RDFN
29
DELISTED
Redfin
RDFN
$7.81M 1.02%
+848,500
New +$7.25M
PDCO
30
DELISTED
Patterson Companies, Inc.
PDCO
$6.92M 0.91%
221,575
-13,997
-6% -$434K
OMC icon
31
CALL
Omnicom Group
OMC
$23.4B
$6.36M 0.83%
76,700
-300
-0.4% -$25.1K
ITCI
32
DELISTED
Intra-Cellular Therapies Inc.
ITCI
$5.98M 0.78%
+45,308
New +$5.65M
DESP
33
CALL
DELISTED
Despegar.com
DESP
$5.62M 0.74%
299,300
+81,400
+37% +$1.56M
BRDG
34
DELISTED
Bridge Investment Group
BRDG
$4.88M 0.64%
+509,286
New +$4.45M
BA.PRA
35
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$8.27B
$4.79M 0.63%
80,000
– –
ENFN
36
DELISTED
Enfusion, Inc.
ENFN
$4.73M 0.62%
+424,031
New +$4.69M
FNA
37
DELISTED
Paragon 28, Inc.
FNA
$4.68M 0.61%
+358,000
New +$4.46M
BERY
38
DELISTED
Berry Global Group, Inc.
BERY
$4.27M 0.56%
61,220
-115,254
-65% -$8M
ILCV icon
39
PUT
iShares Morningstar Value ETF
ILCV
$1.35B
$3.94M 0.52%
+50,000
New +$4.13M
FYBR
40
DELISTED
Frontier Communications
FYBR
$3.81M 0.5%
106,118
-654,186
-86% -$23.4M
SWI
41
DELISTED
SolarWinds Corporation Common Stock
SWI
$3.53M 0.46%
+191,572
New +$3.21M
HRI icon
42
CALL
Herc Holdings
HRI
$5.61B
$3.46M 0.45%
+25,800
New +$4.4M
WBA
43
DELISTED
Walgreens Boots Alliance
WBA
$3.37M 0.44%
+302,120
New +$3.28M
CCRN
44
DELISTED
Cross Country Healthcare
CCRN
$3.37M 0.44%
226,287
-141,808
-39% -$2.44M
LBRDK icon
45
Liberty Broadband Class C
LBRDK
$5.15B
$3.2M 0.42%
37,634
+325
+0.9% +$26.1K
ATSG
46
DELISTED
Air Transport Services Group
ATSG
$2.48M 0.32%
+110,519
New +$2.46M
ALE
47
DELISTED
Allete
ALE
$2.38M 0.31%
36,155
+7,993
+28% +$524K
PTVE
48
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
$2.28M 0.3%
126,790
+65,825
+108% +$1.17M
X
49
DELISTED
US Steel
X
$2.28M 0.3%
53,989
-534,128
-91% -$20.2M
PARA
50
PUT
DELISTED
Paramount Global Class B
PARA
$2.21M 0.29%
+185,200
New +$2.07M
1
2
3 4 5

Similar funds

GEM
Global Endowment Management Charlotte, North Carolina $896M AUM 13.86% 1-Year Est. Return
FTM
First Turn Management Del Mar, California $895M AUM 261.28% 1-Year Est. Return
SI
Squadra Investments Rio De Janeiro, Brazil $894M AUM 33.04% 1-Year Est. Return
WP
WealthShield Partners Cary, North Carolina $898M AUM 19.35% 1-Year Est. Return
BFFIM
Baring Fintech Fund III Managers St Peter Port, Guernsey $893M AUM 20.23% 1-Year Est. Return
SFM
Signet Financial Management Parsippany, New Jersey $892M AUM 23.24% 1-Year Est. Return
DA
Denali Advisors San Diego, California $900M AUM 28.25% 1-Year Est. Return
BWP
BlueStem Wealth Partners Minnetonka, Minnesota $900M AUM 15.24% 1-Year Est. Return

Water Island Capital's Q1 2025 Portfolio in Review

As of Q1 2025, Water Island Capital held 115 positions worth $764M, down 17% from $926M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Water Island Capital withdrew a net $215M in Q1 2025, closing 31 positions and reducing 20 holdings. Its most notable exit was HashiCorp, Inc. Class A Common Stock, an estimated $44M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 14% of assets, up from 3.3% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Water Island Capital opened a new position in H&E Equipment Services worth $40.9M.

  • Water Island Capital's largest Q1 2025 buy was H&E Equipment Services: 431,648 shares worth $40.9M.
  • Water Island Capital added most to Enstar Group in Q1 2025, an estimated $4.38M increase.
  • Water Island Capital's biggest Q1 2025 reduction was ChampionX, cutting an estimated $32.3M.
  • Water Island Capital fully exited HashiCorp, Inc. Class A Common Stock in Q1 2025, selling an estimated $44M.
  • Water Island Capital's ten largest holdings make up 49% of its $764M portfolio in Q1 2025.
  • Water Island Capital opened 37 new positions and closed 31 in Q1 2025.
  • Water Island Capital's portfolio value fell 17% quarter-over-quarter to $764M.

Based on Water Island Capital's 13F filing for Q1 2025, filed 15 May 2025.