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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
+18.33%
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
$1.09B
AUM Growth
-$295M
Cap. Flow
-$321M
Cap. Flow %
-29.51%
Top 10 Hldgs %
81.78%
Holding
105
New
49
Increased
15
Reduced
11
Closed
24

Top Buys

Rank Stock Value
1
ETFC
E*Trade Financial Corporation
ETFC
+$101M
2
ADSW
Advanced Disposal Services Inc
ADSW
+$55M
3
WTW icon
Willis Towers Watson
WTW
+$50.4M
4
PTLA
Portola Pharmaceuticals, Inc.
PTLA
+$32.7M
5
LM
Legg Mason, Inc.
LM
+$30M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$151M
2
TECD
Tech Data Corp
TECD
+$121M
3
AXE
Anixter International Inc
AXE
+$97.1M
4
WBC
WABCO HOLDINGS INC.
WBC
+$92.1M
5
CZR
Caesars Entertainment Corporation
CZR
+$64.7M

Sector Composition

Rank Sector Weight
1 Financials 38.63%
2 Technology 13.7%
3 Healthcare 12.31%
4 Industrials 7.17%
5 Consumer Discretionary 4.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ACIA
51
DELISTED
Acacia Communications Inc
ACIA
$376K 0.03%
+5,601
New +$380K
FNF icon
52
Fidelity National Financial
FNF
$13.5B
$267K 0.02%
+9,050
New +$249K
OXY icon
53
Occidental Petroleum
OXY
$55.9B
$265K 0.02%
14,500
-750
-5% -$11.8K
BTE icon
54
Baytex Energy
BTE
$2.92B
$260K 0.02%
515,000
-90,300
-15% -$32.4K
UBER icon
55
Uber
UBER
$153B
$249K 0.02%
+8,000
New +$249K
HRI icon
56
Herc Holdings
HRI
$5.61B
$230K 0.02%
+7,500
New +$192K
RIDE
57
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
$203K 0.02%
+1,314
New +$197K
SPY icon
58
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$172K 0.02%
+28,000
New +$8.2M
FSCT
59
PUT
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
$157K 0.01%
+87,500
New +$2.38M
TGI
60
CALL
DELISTED
Triumph Group
TGI
$150K 0.01%
+75,000
New +$555K
PE
61
DELISTED
PARSLEY ENERGY INC
PE
$139K 0.01%
+13,000
New +$120K
EPC icon
62
CALL
Edgewell Personal Care
EPC
$1.31B
$137K 0.01%
+39,000
New +$1.09M
CNX icon
63
CNX Resources
CNX
$5.2B
$121K 0.01%
+14,000
New +$141K
TPCO
64
DELISTED
Tribune Publishing Company Common Stock
TPCO
$110K 0.01%
11,000
-8,750
-44% -$78.4K
TECK icon
65
Teck Resources
TECK
$32.6B
$104K 0.01%
+10,000
New +$91.8K
SPY icon
66
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$102K 0.01%
+12,500
New +$3.66M
CNXM
67
DELISTED
CNX Midstream Partners LP
CNXM
$93K 0.01%
+14,000
New +$113K
MEET
68
DELISTED
The Meet Group, Inc. Common Stock
MEET
$72K 0.01%
11,503
-2,532,733
-100% -$15.6M
NS
69
CALL
DELISTED
NuStar Energy L.P.
NS
$55K 0.01%
+45,000
New +$599K
BHC icon
70
CALL
Bausch Health
BHC
$2.34B
$53K ﹤0.01%
+30,000
New +$529K
NLSN
71
CALL
DELISTED
Nielsen Holdings plc
NLSN
$49K ﹤0.01%
+25,000
New +$350K
CBB
72
CALL
DELISTED
Cincinnati Bell Inc.
CBB
$45K ﹤0.01%
30,000
– –
AMRN
73
CALL
Amarin Corp
AMRN
$303M
$17K ﹤0.01%
+500
New +$68.8K
QEP
74
CALL
DELISTED
QEP RESOURCES, INC.
QEP
$8K ﹤0.01%
+54,000
New +$50.4K
XRX icon
75
CALL
Xerox
XRX
$425M
$6K ﹤0.01%
+35,000
New +$604K
1 2
3
4

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Water Island Capital's Q2 2020 Portfolio in Review

As of Q2 2020, Water Island Capital held 105 positions worth $1.09B, down 21% from $1.38B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Water Island Capital withdrew a net $321M in Q2 2020, closing 24 positions and reducing 11 holdings. Its most notable exit was Allergan plc, an estimated $151M position sold in full.

By sector, the portfolio is most concentrated in Financials at 39% of assets, up from 13% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Water Island Capital opened a new position in Advanced Disposal Services Inc worth $52M.

  • Water Island Capital's largest Q2 2020 buy was Advanced Disposal Services Inc: 1,724,525 shares worth $52M.
  • Water Island Capital added most to E*Trade Financial Corporation in Q2 2020, an estimated $101M increase.
  • Water Island Capital's biggest Q2 2020 reduction was ForeScout Technologies, Inc. Common Stock, cutting an estimated $48.9M.
  • Water Island Capital fully exited Allergan plc in Q2 2020, selling an estimated $151M.
  • Water Island Capital's ten largest holdings make up 82% of its $1.09B portfolio in Q2 2020.
  • Water Island Capital opened 49 new positions and closed 24 in Q2 2020.
  • Water Island Capital's portfolio value fell 21% quarter-over-quarter to $1.09B.

Based on Water Island Capital's 13F filing for Q2 2020, filed 12 Aug 2020.