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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
+11.04%
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
$1.17B
AUM Growth
-$100M
Cap. Flow
-$148M
Cap. Flow %
-12.64%
Top 10 Hldgs %
53.56%
Holding
106
New
32
Increased
19
Reduced
14
Closed
30

Top Buys

Rank Stock Value
1
NATI
National Instruments Corp
NATI
+$53.7M
2
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
+$30.4M
3
CIR
CIRCOR International, Inc
CIR
+$29.8M
4
PDCE
PDC Energy, Inc.
PDCE
+$27.5M
5
LSI
Life Storage, Inc.
LSI
+$25.6M

Top Sells

Rank Stock Value
1
DCP
DCP Midstream, LP
DCP
+$58M
2
MNTV
Momentive Global Inc. Common Stock
MNTV
+$54.8M
3
XM
Qualtrics International Inc. Class A Common Stock
XM
+$51.8M
4
SUMO
Sumo Logic, Inc. Common Stock
SUMO
+$46.1M
5
SJR
Shaw Communications Inc.
SJR
+$43.7M

Sector Composition

Rank Sector Weight
1 Technology 28.34%
2 Healthcare 17.94%
3 Industrials 9.09%
4 Real Estate 5.43%
5 Communication Services 5.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RTL
51
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
$625K 0.05%
+92,385
New +$548K
BHM icon
52
Bluerock Homes Trust
BHM
$34.9M
$623K 0.05%
38,628
– –
NEX
53
DELISTED
NexTier Oilfield Solutions Inc.
NEX
$617K 0.05%
+68,975
New +$569K
GEN icon
54
CALL
Gen Digital
GEN
$17.5B
$557K 0.05%
30,000
-43,500
-59% -$761K
QUOT
55
DELISTED
Quotient Technology Inc
QUOT
$424K 0.04%
+110,417
New +$343K
PLAY icon
56
CALL
Dave & Buster's
PLAY
$357M
$414K 0.04%
+9,300
New +$340K
LBAI
57
DELISTED
Lakeland Bancorp Inc
LBAI
$399K 0.03%
29,792
+2,529
+9% +$35.3K
USX
58
DELISTED
U.S. Xpress Enterprises, Inc. Class A Common Stock
USX
$347K 0.03%
+56,592
New +$343K
AURA icon
59
Aura Biosciences
AURA
$826M
$244K 0.02%
19,750
-3,916
-17% -$41.9K
PRTK
60
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
$187K 0.02%
84,697
+60,197
+246% +$125K
DISH
61
DELISTED
DISH Network Corp.
DISH
$163K 0.01%
24,750
+8,000
+48% +$56.7K
CLSD
62
DELISTED
Clearside Biomedical
CLSD
$81.2K 0.01%
4,833
+500
+12% +$8.61K
CELL
63
DELISTED
PhenomeX Inc. Common Stock
CELL
$42.9K ﹤0.01%
87,500
+21,500
+33% +$17.6K
AMRN
64
Amarin Corp
AMRN
$303M
$41.6K ﹤0.01%
+1,750
New +$44.9K
CANO
65
DELISTED
Cano Health, Inc.
CANO
$26.8K ﹤0.01%
+193
New +$24.8K
BIRD icon
66
Smartbird Inc
BIRD
$22.3M
$12.6K ﹤0.01%
500
– –
ML.WS
67
DELISTED
MoneyLion Inc. Warrants, each whole warrant exercisable 1/30th of a share of Class A common stock at an exercise price of $345.00 per whole share
ML.WS
$11.8K ﹤0.01%
+313,400
New +$11.6K
ZEV.WS
68
DELISTED
Lightning eMotors, Inc. Redeemable Warrants, each whole warrant exercisable 1/20th of a share of common stock at an exercise price of $230.00 per whole share
ZEV.WS
$1.64K ﹤0.01%
+53,913
New +$1.29K
CR icon
69
Crane Co
CR
$12.7B
– –
-6,514
Closed -$739K
CXT icon
70
PUT
Crane NXT
CXT
$3.07B
– –
-17,274
Closed -$448K
EQT icon
71
EQT Corp
EQT
$32.3B
– –
-6,550
Closed -$209K
FHN icon
72
PUT
First Horizon
FHN
$12.1B
– –
-155,700
Closed -$2.77M
IRBT
73
DELISTED
iRobot
IRBT
– –
-131,893
Closed -$5.26M
WFRD icon
74
Weatherford International
WFRD
$6.22B
– –
-5,350
Closed -$318K
ARGO
75
DELISTED
Argo Group International Holdings, Ltd.
ARGO
– –
-511,945
Closed -$15M
1 2
3
4

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Water Island Capital's Q2 2023 Portfolio in Review

As of Q2 2023, Water Island Capital held 106 positions worth $1.17B, down 7.9% from $1.27B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Water Island Capital withdrew a net $148M in Q2 2023, closing 30 positions and reducing 14 holdings. Its most notable exit was DCP Midstream, LP, an estimated $58M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Water Island Capital opened a new position in Syneos Health, Inc. Class A Common Stock worth $31.7M.

  • Water Island Capital's largest Q2 2023 buy was Syneos Health, Inc. Class A Common Stock: 751,590 shares worth $31.7M.
  • Water Island Capital added most to National Instruments Corp in Q2 2023, an estimated $53.7M increase.
  • Water Island Capital's biggest Q2 2023 reduction was Diversey Holdings, Ltd. Ordinary Shares, cutting an estimated $29.6M.
  • Water Island Capital fully exited DCP Midstream, LP in Q2 2023, selling an estimated $58M.
  • Water Island Capital's ten largest holdings make up 54% of its $1.17B portfolio in Q2 2023.
  • Water Island Capital opened 32 new positions and closed 30 in Q2 2023.
  • Water Island Capital's portfolio value fell 7.9% quarter-over-quarter to $1.17B.

Based on Water Island Capital's 13F filing for Q2 2023, filed 14 Aug 2023.