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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
-2.96%
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
$1.38B
AUM Growth
-$50.6M
Cap. Flow
+$72.3M
Cap. Flow %
5.22%
Top 10 Hldgs %
71.49%
Holding
97
New
29
Increased
18
Reduced
4
Closed
39

Top Buys

Rank Stock Value
1
TECD
Tech Data Corp
TECD
+$98.4M
2
LOGM
LogMein, Inc.
LOGM
+$92.9M
3
CZR
Caesars Entertainment Corporation
CZR
+$85.8M
4
AMTD
TD Ameritrade Holding Corp
AMTD
+$77.2M
5
LM
Legg Mason, Inc.
LM
+$65.6M

Top Sells

Rank Stock Value
1
WCG
Wellcare Health Plans, Inc.
WCG
+$248M
2
ZAYO
Zayo Group Holdings, Inc.
ZAYO
+$135M
3
ADSW
Advanced Disposal Services Inc
ADSW
+$98.6M
4
MDCO
Medicines Co
MDCO
+$81.7M
5
MLNX
Mellanox Technologies, Ltd.
MLNX
+$72.1M

Sector Composition

Rank Sector Weight
1 Technology 23.49%
2 Healthcare 19.81%
3 Consumer Discretionary 16.52%
4 Financials 13.33%
5 Industrials 7.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GEN icon
51
Gen Digital
GEN
$17.5B
– –
-101,520
Closed -$2.59M
GEN icon
52
PUT
Gen Digital
GEN
$17.5B
– –
-25,000
Closed -$1K
GSAT icon
53
Globalstar
GSAT
$10.8B
– –
-13,211
Closed -$103K
HPQ icon
54
HP
HPQ
$27.5B
– –
-85,000
Closed -$1.75M
HRI icon
55
Herc Holdings
HRI
$5.61B
– –
-17,254
Closed -$844K
LOW icon
56
PUT
Lowe's Companies
LOW
$125B
– –
-17,200
Closed -$1K
NOG icon
57
CALL
Northern Oil and Gas
NOG
$2.35B
– –
-17,300
Closed -$71K
SCHW
58
CALL
Charles Schwab
SCHW
$187B
– –
-64,300
Closed -$2K
XRX icon
59
CALL
Xerox
XRX
$425M
– –
-124,700
Closed -$12K
DISCK
60
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
– –
-47,078
Closed -$1.44M
QEP
61
CALL
DELISTED
QEP RESOURCES, INC.
QEP
– –
-41,000
Closed -$27K
FIT
62
DELISTED
Fitbit, Inc. Class A common stock
FIT
– –
-750,303
Closed -$4.93M
TIF
63
PUT
DELISTED
Tiffany & Co.
TIF
– –
-10,000
Closed -$2K
BMY.RT
64
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
– –
-20,000
Closed -$60K
HDS
65
DELISTED
HD Supply Holdings, Inc.
HDS
– –
-40,000
Closed -$1.61M
ADSW
66
DELISTED
Advanced Disposal Services Inc
ADSW
– –
-2,998,279
Closed -$98.6M
IBKC
67
DELISTED
IBERIABANK Corp
IBKC
– –
-50,134
Closed -$3.75M
TIVO
68
DELISTED
Tivo Inc
TIVO
– –
-180,709
Closed -$1.53M
TSG
69
DELISTED
The Stars Group Inc.
TSG
– –
-357,392
Closed -$8.04M
TLRA
70
DELISTED
Telaria, Inc.
TLRA
– –
-15,204
Closed -$134K
AYR
71
DELISTED
Aircastle Ltd
AYR
– –
-765,317
Closed -$24.5M
INST
72
DELISTED
Instructure, Inc.
INST
– –
-285,400
Closed -$13.8M
PEGI
73
DELISTED
Pattern Energy Group Inc. Class A
PEGI
– –
-1,084,065
Closed -$29M
INXN
74
DELISTED
Interxion Holding N.V.
INXN
– –
-232,787
Closed -$19.5M
ZAYO
75
DELISTED
Zayo Group Holdings, Inc.
ZAYO
– –
-3,882,073
Closed -$135M
1 2
3
4

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Water Island Capital's Q1 2020 Portfolio in Review

As of Q1 2020, Water Island Capital held 97 positions worth $1.38B, down 3.5% from $1.43B the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Water Island Capital deployed $72.3M of net new capital in Q1 2020, opening 29 new positions and adding to 18 existing holdings. Its largest new stake was Legg Mason, Inc.: 1,504,000 shares worth $73.5M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 11% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Mellanox Technologies, Ltd., an estimated $72.1M trimmed.

  • Water Island Capital's largest Q1 2020 buy was Legg Mason, Inc.: 1,504,000 shares worth $73.5M.
  • Water Island Capital added most to Tech Data Corp in Q1 2020, an estimated $98.4M increase.
  • Water Island Capital's biggest Q1 2020 reduction was Mellanox Technologies, Ltd., cutting an estimated $72.1M.
  • Water Island Capital fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $248M.
  • Water Island Capital's ten largest holdings make up 71% of its $1.38B portfolio in Q1 2020.
  • Water Island Capital opened 29 new positions and closed 39 in Q1 2020.
  • Water Island Capital's portfolio value fell 3.5% quarter-over-quarter to $1.38B.

Based on Water Island Capital's 13F filing for Q1 2020, filed 12 May 2020.