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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
+19.09%
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
$3B
AUM Growth
+$63.3M
(+2.2%)
Cap. Flow
-$219M
Cap. Flow
% of AUM
-7.31%
Top 10 Holdings %
Top 10 Hldgs %
59.09%
Holding
198
New
47
Increased
26
Reduced
22
Closed
95
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan Inc
AGN
|
+$165M |
| 2 |
CVD
COVANCE INC.
CVD
|
+$115M |
| 3 |
CFN
CAREFUSION CORPORATION
CFN
|
+$98.8M |
| 4 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$94.3M |
| 5 |
CBST
CUBIST PHARMACEUTICALS INC
CBST
|
+$91.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FWLT
FOSTER WHEELER AG (SWITZERLAND)
FWLT
|
+$152M |
| 2 |
TWTC
TW TELECOM INC CL A COM
TWTC
|
+$146M |
| 3 |
URS
URS CORP
URS
|
+$126M |
| 4 |
SHPG
Shire pic
SHPG
|
+$116M |
| 5 |
CNQR
CONCUR TECHNOLOGIES INC
CNQR
|
+$79.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.66% |
| 2 | Consumer Staples | 11.19% |
| 3 | Technology | 10.73% |
| 4 | Financials | 6.82% |
| 5 | Consumer Discretionary | 3.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Macerich
MAC
$6.66B
| $4.77M | 0.16% |
+57,134
| New | +$4.2M |
|
|
AEC
52
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
| $4.44M | 0.15% |
+191,312
| New | +$3.95M |
|
53
Hawaiian Electric Industries
HE
$2.16B
| $4.43M | 0.15% |
+132,268
| New | +$3.85M |
|
|
CY
54
DELISTED
Cypress Semiconductor
CY
| $4.11M | 0.14% |
+287,854
| New | +$3.18M |
|
|
KND
55
DELISTED
Kindred Healthcare
KND
| $4.01M | 0.13% |
220,641
-63,003
| -22% | -$1.25M |
|
56
Molson Coors Class B
TAP
$7.95B
| $3.76M | 0.13% |
50,390
+25,961
| +106% | +$1.93M |
|
|
AVG
57
DELISTED
AVG Technologies N.V.
AVG
| $3.44M | 0.11% |
+174,347
| New | +$3.22M |
|
58
INNOVATE Corp
VATE
$101M
| $3.04M | 0.1% |
+36,039
| New | +$2.99M |
|
|
LTRPA
59
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $2.44M | 0.08% |
+90,848
| New | +$2.52M |
|
|
VXX
60
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $2.33M | 0.08% |
4,622
+2,166
| +88% | +$1.06M |
|
61
PUT
AT&T
T
$162B
| $1.83M | 0.06% |
1,946,545
-640,551
| -25% | -$16.6M |
|
|
DISH
62
DELISTED
DISH Network Corp.
DISH
| $1.78M | 0.06% |
24,402
-88,408
| -78% | -$5.95M |
|
|
LVLT
63
DELISTED
Level 3 Communications Inc
LVLT
| $1.76M | 0.06% |
+35,698
| New | +$1.65M |
|
64
PUT
Civeo
CVEO
$325M
| $1.42M | 0.05% |
24,958
-4,342
| -15% | -$540K |
|
|
65
Civeo
CVEO
$325M
| $1.21M | 0.04% |
24,447
-4,473
| -15% | -$557K |
|
|
VIAB
66
DELISTED
Viacom Inc. Class B
VIAB
| $1.19M | 0.04% |
15,793
-81,927
| -84% | -$5.99M |
|
|
BTU
67
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $1.14M | 0.04% |
9,846
-38,507
| -80% | -$5.74M |
|
68
Globalstar
GSAT
$10.7B
| $794K | 0.03% |
+19,250
| New | +$738K |
|
|
TRW
69
CALL
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $469K | 0.02% |
99,800
| – | – |
|
70
CONMED
CNMD
$1.49B
| $432K | 0.01% |
+9,616
| New | +$403K |
|
71
Steris
STE
$22.6B
| $415K | 0.01% |
+6,394
| New | +$395K |
|
72
Teleflex
TFX
$6.15B
| $409K | 0.01% |
+3,563
| New | +$404K |
|
73
Haemonetics
HAE
$3.86B
| $407K | 0.01% |
+10,885
| New | +$399K |
|
74
Cardinal Health
CAH
$55.7B
| $406K | 0.01% |
+5,028
| New | +$397K |
|
75
Manitowoc
MTW
$510M
| $349K | 0.01% |
17,443
-503,417
| -97% | -$9.13M |
|
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Water Island Capital's Q4 2014 Portfolio in Review
As of Q4 2014, Water Island Capital held 198 positions worth $3B, up 2.2% from $2.94B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Water Island Capital withdrew a net $219M in Q4 2014, closing 95 positions and reducing 22 holdings. Its most notable exit was FOSTER WHEELER AG (SWITZERLAND), an estimated $152M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 9.7% a quarter earlier, followed by Consumer Staples and Technology.
Against the trend, Water Island Capital opened a new position in COVANCE INC. worth $127M.
- Water Island Capital's largest Q4 2014 buy was COVANCE INC.: 1,225,758 shares worth $127M.
- Water Island Capital added most to Allergan Inc in Q4 2014, an estimated $165M increase.
- Water Island Capital's biggest Q4 2014 reduction was PEPCO HOLDINGS, INC., cutting an estimated $76.5M.
- Water Island Capital fully exited FOSTER WHEELER AG (SWITZERLAND) in Q4 2014, selling an estimated $152M.
- Water Island Capital's ten largest holdings make up 59% of its $3B portfolio in Q4 2014.
- Water Island Capital opened 47 new positions and closed 95 in Q4 2014.
- Water Island Capital's portfolio value rose 2.2% quarter-over-quarter to $3B.
Based on Water Island Capital's 13F filing for Q4 2014, filed 10 Feb 2015.