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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
+2.31%
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
$1.6B
AUM Growth
-$370M
(-19%)
Cap. Flow
-$284M
Cap. Flow
% of AUM
-17.76%
Top 10 Holdings %
Top 10 Hldgs %
39.13%
Holding
121
New
37
Increased
18
Reduced
23
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CDK
CDK Global, Inc.
CDK
|
+$55.3M |
| 2 |
ZEN
ZENDESK INC
ZEN
|
+$50.7M |
| 3 |
SAIL
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
|
+$42.8M |
| 4 |
ACC
American Campus Communities, Inc.
ACC
|
+$36.4M |
| 5 |
SWCH
Switch, Inc. Class A Common Stock
SWCH
|
+$32.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
COHR
Coherent Inc
COHR
|
+$71.3M |
| 2 |
CERN
Cerner Corp
CERN
|
+$66.9M |
| 3 |
HMHC
Houghton Mifflin Harcourt Company
HMHC
|
+$60.4M |
| 4 |
PLAN
Anaplan, Inc.
PLAN
|
+$57.9M |
| 5 |
MIME
Mimecast Limited
MIME
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.06% |
| 2 | Industrials | 17.99% |
| 3 | Communication Services | 11.95% |
| 4 | Financials | 8.43% |
| 5 | Healthcare | 6.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SRRA
51
DELISTED
Sierra Oncology, Inc. Common Stock
SRRA
| $1.08M | 0.07% |
+19,613
| New | +$1.03M |
|
|
AUY
52
PUT
DELISTED
Yamana Gold, Inc.
AUY
| $1.02M | 0.06% |
+1,182,400
| New | +$6.41M |
|
|
RTLR
53
DELISTED
Rattler Midstream LP Common Units
RTLR
| $928K | 0.06% |
+67,973
| New | +$1M |
|
|
MGI
54
DELISTED
MoneyGram International, Inc. New
MGI
| $789K | 0.05% |
+78,911
| New | +$795K |
|
|
COHR
55
DELISTED
Coherent Inc
COHR
| $649K | 0.04% |
2,439
-265,893
| -99% | -$71.3M |
|
56
Advanced Micro Devices
AMD
$789B
| $413K | 0.03% |
5,400
+1,600
| +42% | +$150K |
|
|
MN
57
DELISTED
MANNING & NAPIER, INC.
MN
| $410K | 0.03% |
+32,851
| New | +$413K |
|
58
FIVE9
FIVN
$2.54B
| $404K | 0.03% |
4,433
+2,033
| +85% | +$206K |
|
|
HMTV
59
DELISTED
Hemisphere Media Group, Inc.
HMTV
| $393K | 0.02% |
+51,447
| New | +$299K |
|
|
GTYH
60
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
| $372K | 0.02% |
+59,465
| New | +$304K |
|
61
Aecom
ACM
$9.75B
| $326K | 0.02% |
+5,000
| New | +$350K |
|
|
NSR
62
DELISTED
Nomad Royalty Company Ltd.
NSR
| $316K | 0.02% |
+44,766
| New | +$345K |
|
63
NVIDIA
NVDA
$5.42T
| $303K | 0.02% |
+20,000
| New | +$377K |
|
64
Zai Lab
ZLAB
$2.62B
| $277K | 0.02% |
8,000
+1,000
| +14% | +$35.3K |
|
|
WCC
65
CALL
WESCO International
WCC
$17.7B
| $260K | 0.02% |
+46,000
| New | +$5.67M |
|
66
Occidental Petroleum
OXY
$55.9B
| $250K | 0.02% |
+4,250
| New | +$261K |
|
67
Snowflake
SNOW
$115B
| $243K | 0.02% |
+1,750
| New | +$277K |
|
68
Aura Biosciences
AURA
$826M
| $206K | 0.01% |
+14,541
| New | +$241K |
|
69
Pacific Biosciences
PACB
$370M
| $197K | 0.01% |
44,549
+14,549
| +48% | +$88.4K |
|
|
PRTK
70
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $95K | 0.01% |
48,987
-5,881
| -11% | -$12.8K |
|
71
CALL
XPO
XPO
$23.7B
| $75K | ﹤0.01% |
+33,660
| New | +$1.07M |
|
|
UPH
72
DELISTED
UpHealth, Inc.
UPH
| $53K | ﹤0.01% |
8,875
-887
| -9% | -$6.9K |
|
73
CALL
Caesars Entertainment
CZR
$6.14B
| $52K | ﹤0.01% |
+35,000
| New | +$1.95M |
|
74
Smartbird Inc
BIRD
$22.3M
| $39K | ﹤0.01% |
500
| – | – |
|
75
CALL
Xerox
XRX
$425M
| $24K | ﹤0.01% |
39,500
+9,500
| +32% | +$168K |
|
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Water Island Capital's Q2 2022 Portfolio in Review
As of Q2 2022, Water Island Capital held 121 positions worth $1.6B, down 19% from $1.97B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Water Island Capital withdrew a net $284M in Q2 2022, closing 33 positions and reducing 23 holdings. Its most notable exit was Cerner Corp, an estimated $66.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 31% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Water Island Capital opened a new position in CDK Global, Inc. worth $56M.
- Water Island Capital's largest Q2 2022 buy was CDK Global, Inc.: 1,022,477 shares worth $56M.
- Water Island Capital added most to Alleghany Corp in Q2 2022, an estimated $18.6M increase.
- Water Island Capital's biggest Q2 2022 reduction was Coherent Inc, cutting an estimated $71.3M.
- Water Island Capital fully exited Cerner Corp in Q2 2022, selling an estimated $66.9M.
- Water Island Capital's ten largest holdings make up 39% of its $1.6B portfolio in Q2 2022.
- Water Island Capital opened 37 new positions and closed 33 in Q2 2022.
- Water Island Capital's portfolio value fell 19% quarter-over-quarter to $1.6B.
Based on Water Island Capital's 13F filing for Q2 2022, filed 15 Aug 2022.