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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
+22.82%
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
$1.27B
AUM Growth
+$28.2M
Cap. Flow
-$41.5M
Cap. Flow %
-3.28%
Top 10 Hldgs %
48.61%
Holding
121
New
33
Increased
18
Reduced
9
Closed
46

Top Buys

Rank Stock Value
1
DCP
DCP Midstream, LP
DCP
+$57.9M
2
XM
Qualtrics International Inc. Class A Common Stock
XM
+$44.4M
3
UNVR
Univar Solutions Inc.
UNVR
+$43.2M
4
SUMO
Sumo Logic, Inc. Common Stock
SUMO
+$42.2M
5
FOCS
Focus Financial Partners Inc. Class A
FOCS
+$33.3M

Top Sells

Rank Stock Value
1
STOR
STORE Capital Corporation
STOR
+$56.9M
2
SJI
South Jersey Industries, Inc.
SJI
+$55.3M
3
SWIR
Sierra Wireless
SWIR
+$53.5M
4
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
+$43.4M
5
LHCG
LHC Group LLC
LHCG
+$42.3M

Sector Composition

Rank Sector Weight
1 Technology 29.45%
2 Communication Services 12.6%
3 Healthcare 11.58%
4 Financials 8.49%
5 Industrials 7.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NATI
51
PUT
DELISTED
National Instruments Corp
NATI
$1.07M 0.08%
+20,500
New +$1.03M
XM
52
PUT
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
$802K 0.06%
+45,000
New +$688K
BHM icon
53
Bluerock Homes Trust
BHM
$34.9M
$766K 0.06%
38,628
– –
CR icon
54
Crane Co
CR
$12.7B
$739K 0.06%
+6,514
New +$479K
APEN
55
DELISTED
Apollo Endosurgery, Inc.
APEN
$666K 0.05%
67,123
-382,513
-85% -$3.79M
BRMK
56
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
$477K 0.04%
+101,531
New +$449K
CXT icon
57
PUT
Crane NXT
CXT
$3.07B
$448K 0.04%
+17,274
New +$683K
LBAI
58
DELISTED
Lakeland Bancorp Inc
LBAI
$426K 0.03%
27,263
-5,404
-17% -$98.2K
WFRD icon
59
Weatherford International
WFRD
$6.22B
$318K 0.03%
+5,350
New +$313K
AURA icon
60
Aura Biosciences
AURA
$826M
$220K 0.02%
23,666
+166
+0.7% +$1.72K
EQT icon
61
EQT Corp
EQT
$32.3B
$209K 0.02%
6,550
-2,350
-26% -$75.4K
DISH
62
DELISTED
DISH Network Corp.
DISH
$156K 0.01%
16,750
+4,150
+33% +$52.3K
CELL
63
DELISTED
PhenomeX Inc. Common Stock
CELL
$76.6K 0.01%
+66,000
New +$121K
CLSD
64
DELISTED
Clearside Biomedical
CLSD
$67.6K 0.01%
4,333
+1,200
+38% +$23.3K
PRTK
65
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
$62.2K ﹤0.01%
24,500
-25,010
-51% -$49.4K
BIRD icon
66
Smartbird Inc
BIRD
$22.3M
$12K ﹤0.01%
500
– –
AMD icon
67
Advanced Micro Devices
AMD
$789B
– –
-5,250
Closed -$340K
CZR icon
68
Caesars Entertainment
CZR
$6.14B
– –
-5,850
Closed -$287K
FIVN icon
69
FIVE9
FIVN
$2.54B
– –
-4,100
Closed -$278K
GXO icon
70
GXO Logistics
GXO
$5.55B
– –
-5,500
Closed -$235K
NVDA icon
71
NVIDIA
NVDA
$5.42T
– –
-20,750
Closed -$303K
PACB icon
72
Pacific Biosciences
PACB
$370M
– –
-17,000
Closed -$139K
PARR icon
73
CALL
Par Pacific Holdings
PARR
$3.32B
– –
-100,000
Closed -$2.33M
PYPL icon
74
PayPal
PYPL
$50.5B
– –
-3,550
Closed -$253K
SOFI icon
75
SoFi Technologies
SOFI
$23.7B
– –
-12,500
Closed -$57.6K
1 2
3
4 5

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WP
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BFFIM
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SFM
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BWP
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Water Island Capital's Q1 2023 Portfolio in Review

As of Q1 2023, Water Island Capital held 121 positions worth $1.27B, up 2.3% from $1.24B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Water Island Capital withdrew a net $41.5M in Q1 2023, closing 46 positions and reducing 9 holdings. Its most notable exit was STORE Capital Corporation, an estimated $56.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 26% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Water Island Capital opened a new position in DCP Midstream, LP worth $58M.

  • Water Island Capital's largest Q1 2023 buy was DCP Midstream, LP: 1,391,204 shares worth $58M.
  • Water Island Capital added most to Momentive Global Inc. Common Stock in Q1 2023, an estimated $28.5M increase.
  • Water Island Capital's biggest Q1 2023 reduction was iRobot, cutting an estimated $13.7M.
  • Water Island Capital fully exited STORE Capital Corporation in Q1 2023, selling an estimated $56.9M.
  • Water Island Capital's ten largest holdings make up 49% of its $1.27B portfolio in Q1 2023.
  • Water Island Capital opened 33 new positions and closed 46 in Q1 2023.
  • Water Island Capital's portfolio value rose 2.3% quarter-over-quarter to $1.27B.

Based on Water Island Capital's 13F filing for Q1 2023, filed 25 May 2023.