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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
+9.24%
1 Year Est. Return
+107.59%
3 Year Est. Return
+414.38%
5 Year Est. Return
+1,508.69%
10 Year Est. Return
+23,520.55%
AUM
$1.62B
AUM Growth
-$490M
Cap. Flow
-$530M
Cap. Flow %
-32.65%
Top 10 Hldgs %
53.52%
Holding
154
New
49
Increased
22
Reduced
11
Closed
64

Top Buys

Rank Stock Value
1
NXPI icon
NXP Semiconductors
NXPI
+$60.2M
2
BSFT
BroadSoft, Inc.
BSFT
+$44.2M
3
HSNI
HSN, Inc.
HSNI
+$43.3M
4
BOBE
Bob Evans Farms, Inc.
BOBE
+$41.3M
5
AAAP
Advanced Accelerator Applications S.A.
AAAP
+$32.5M

Top Sells

Rank Stock Value
1
BCR
CR Bard Inc.
BCR
+$145M
2
PRXL
Parexel International Corp
PRXL
+$132M
3
VWR
VWR Corporation
VWR
+$84.7M
4
FIG
Fortress Investment Group Llc
FIG
+$83.7M
5
AF
Astoria Financial Corporation
AF
+$77.6M

Sector Composition

Rank Sector Weight
1 Technology 26.5%
2 Communication Services 14.88%
3 Consumer Discretionary 11.33%
4 Utilities 6.42%
5 Healthcare 5.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JACK icon
51
PUT
Jack in the Box
JACK
$312M
$4.46M 0.28%
+47,000
New +$4.78M
XLI icon
52
State Street Industrial Select Sector SPDR ETF
XLI
$32.7B
$3.91M 0.24%
+51,625
New +$3.76M
RTX icon
53
PUT
RTX Corp
RTX
$290B
$3.63M 0.22%
+53,708
New +$4.08M
QCOM icon
54
Qualcomm
QCOM
$155B
$3.52M 0.22%
+55,000
New +$3.34M
PRTK
55
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
$3.25M 0.2%
181,500
+85,000
+88% +$1.77M
NSC icon
56
Norfolk Southern
NSC
$75.4B
$2.91M 0.18%
20,100
-1,859
-8% -$250K
OA
57
PUT
DELISTED
Orbital ATK, Inc.
OA
$2.71M 0.17%
+24,600
New +$3.26M
SCMP
58
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
$2.69M 0.17%
+150,000
New +$1.85M
BKMU
59
DELISTED
Bank Mutual Corp
BKMU
$2.62M 0.16%
245,921
– –
TFCFA
60
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$2.07M 0.13%
+60,000
New +$1.79M
CME icon
61
CME Group
CME
$96.3B
$1.56M 0.1%
10,694
– –
ICE icon
62
Intercontinental Exchange
ICE
$85.6B
$1.46M 0.09%
20,625
– –
DISCK
63
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$1.28M 0.08%
+60,480
New +$1.11M
RRR icon
64
Red Rock Resorts
RRR
$3.77B
$844K 0.05%
+25,000
New +$697K
CZR icon
65
Caesars Entertainment
CZR
$6.06B
$739K 0.05%
+22,300
New +$648K
CHDN icon
66
Churchill Downs
CHDN
$5.88B
$675K 0.04%
+17,400
New +$630K
GTN icon
67
Gray Television
GTN
$415M
$650K 0.04%
+38,812
New +$606K
DCI icon
68
Donaldson
DCI
$10.9B
$642K 0.04%
+13,125
New +$626K
ITW icon
69
Illinois Tool Works
ITW
$82.6B
$617K 0.04%
+3,696
New +$589K
TGNA
70
DELISTED
TEGNA Inc
TGNA
$605K 0.04%
42,950
-148,950
-78% -$1.95M
FTV icon
71
Fortive
FTV
$17.9B
$569K 0.04%
+12,482
New +$572K
XYL icon
72
Xylem
XYL
$27.3B
$467K 0.03%
+6,848
New +$455K
DNKN
73
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$444K 0.03%
6,887
+1,086
+19% +$63.3K
EVHC
74
DELISTED
Envision Healthcare Holdings Inc
EVHC
$421K 0.03%
+12,180
New +$426K
FLS icon
75
Flowserve
FLS
$9.71B
$413K 0.03%
+9,801
New +$410K
1 2
3
4 5

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Water Island Capital's Q4 2017 Portfolio in Review

As of Q4 2017, Water Island Capital held 154 positions worth $1.62B, down 23% from $2.11B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Water Island Capital withdrew a net $530M in Q4 2017, closing 64 positions and reducing 11 holdings. Its most notable exit was CR Bard Inc., an estimated $145M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 15% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Water Island Capital opened a new position in BroadSoft, Inc. worth $44.5M.

  • Water Island Capital's largest Q4 2017 buy was BroadSoft, Inc.: 811,151 shares worth $44.5M.
  • Water Island Capital added most to NXP Semiconductors in Q4 2017, an estimated $60.2M increase.
  • Water Island Capital's biggest Q4 2017 reduction was Time Warner Inc, cutting an estimated $37.6M.
  • Water Island Capital fully exited CR Bard Inc. in Q4 2017, selling an estimated $145M.
  • Water Island Capital's ten largest holdings make up 54% of its $1.62B portfolio in Q4 2017.
  • Water Island Capital opened 49 new positions and closed 64 in Q4 2017.
  • Water Island Capital's portfolio value fell 23% quarter-over-quarter to $1.62B.

Based on Water Island Capital's 13F filing for Q4 2017, filed 13 Feb 2018.