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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
+11.91%
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
$1.12B
AUM Growth
-$48.4M
Cap. Flow
-$122M
Cap. Flow %
-10.89%
Top 10 Hldgs %
53.06%
Holding
115
New
39
Increased
9
Reduced
20
Closed
34

Top Buys

Rank Stock Value
1
DEN
Denbury Inc.
DEN
+$47.6M
2
NEWR
New Relic, Inc.
NEWR
+$34.2M
3
CPRI icon
Capri Holdings
CPRI
+$32.6M
4
ABCM
Abcam PLC
ABCM
+$32.6M
5
AVID
Avid Technology Inc
AVID
+$31.5M

Top Sells

Rank Stock Value
1
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$62.9M
2
UNVR
Univar Solutions Inc.
UNVR
+$53M
3
CIR
CIRCOR International, Inc
CIR
+$40.5M
4
FOCS
Focus Financial Partners Inc. Class A
FOCS
+$35.2M
5
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
+$31.7M

Sector Composition

Rank Sector Weight
1 Technology 29.05%
2 Healthcare 16.97%
3 Consumer Staples 8.05%
4 Energy 7.49%
5 Financials 5.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMNB
51
DELISTED
American National Bankshares Inc
AMNB
$1.08M 0.1%
+28,346
New +$1.06M
THRN
52
DELISTED
Thorne Healthtech, Inc. Common Stock
THRN
$1.02M 0.09%
+99,697
New +$759K
TDS icon
53
CALL
Telephone and Data Systems
TDS
$3.75B
$916K 0.08%
+50,000
New +$722K
CZR icon
54
CALL
Caesars Entertainment
CZR
$6.14B
$695K 0.06%
15,000
-3,000
-17% -$159K
BTE icon
55
Baytex Energy
BTE
$2.92B
$644K 0.06%
146,085
-1,965,584
-93% -$7.71M
F icon
56
PUT
Ford
F
$55.7B
$621K 0.06%
+50,000
New +$649K
LBAI
57
DELISTED
Lakeland Bancorp Inc
LBAI
$501K 0.04%
39,714
+9,922
+33% +$137K
BHM icon
58
Bluerock Homes Trust
BHM
$34.9M
$499K 0.04%
38,628
– –
GHL
59
DELISTED
Greenhill & Co., Inc.
GHL
$471K 0.04%
31,837
-31,960
-50% -$471K
BA icon
60
Boeing
BA
$185B
$470K 0.04%
+2,450
New +$536K
CZR icon
61
Caesars Entertainment
CZR
$6.14B
$357K 0.03%
+7,700
New +$409K
GEN icon
62
CALL
Gen Digital
GEN
$17.5B
$354K 0.03%
20,000
-10,000
-33% -$195K
CATC
63
DELISTED
CAMBRIDGE BANCORP
CATC
$244K 0.02%
+3,914
New +$222K
INTC icon
64
Intel
INTC
$513B
$213K 0.02%
+6,000
New +$209K
AURA icon
65
Aura Biosciences
AURA
$826M
$203K 0.02%
22,650
+2,900
+15% +$31.2K
BE icon
66
Bloom Energy
BE
$64.6B
$179K 0.02%
+13,500
New +$212K
DISH
67
DELISTED
DISH Network Corp.
DISH
$134K 0.01%
22,950
-1,800
-7% -$12.3K
PACB icon
68
Pacific Biosciences
PACB
$370M
$134K 0.01%
+16,000
New +$183K
CLSD
69
DELISTED
Clearside Biomedical
CLSD
$71.8K 0.01%
5,500
+667
+14% +$10.1K
AMRN
70
Amarin Corp
AMRN
$303M
$26.9K ﹤0.01%
1,460
-290
-17% -$6.29K
ML.WS
71
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
$14.4K ﹤0.01%
313,400
– –
BIRD icon
72
Smartbird Inc
BIRD
$22.3M
$11.1K ﹤0.01%
500
– –
CELL
73
DELISTED
PhenomeX Inc. Common Stock
CELL
$10K ﹤0.01%
10,000
-77,500
-89% -$59.4K
ILCV icon
74
PUT
iShares Morningstar Value ETF
ILCV
$1.35B
– –
-150,000
Closed -$11.3M
IRBT
75
CALL
DELISTED
iRobot
IRBT
– –
-79,000
Closed -$3.57M
1 2
3
4 5

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Water Island Capital's Q3 2023 Portfolio in Review

As of Q3 2023, Water Island Capital held 115 positions worth $1.12B, down 4.1% from $1.17B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Water Island Capital withdrew a net $122M in Q3 2023, closing 34 positions and reducing 20 holdings. Its most notable exit was Aerojet Rocketdyne Holdings, an estimated $62.9M position sold in full.

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

Against the trend, Water Island Capital opened a new position in Denbury Inc. worth $51.6M.

  • Water Island Capital's largest Q3 2023 buy was Denbury Inc.: 526,336 shares worth $51.6M.
  • Water Island Capital added most to Seagen Inc. Common Stock in Q3 2023, an estimated $15.9M increase.
  • Water Island Capital's biggest Q3 2023 reduction was CIRCOR International, Inc, cutting an estimated $40.5M.
  • Water Island Capital fully exited Aerojet Rocketdyne Holdings in Q3 2023, selling an estimated $62.9M.
  • Water Island Capital's ten largest holdings make up 53% of its $1.12B portfolio in Q3 2023.
  • Water Island Capital opened 39 new positions and closed 34 in Q3 2023.
  • Water Island Capital's portfolio value fell 4.1% quarter-over-quarter to $1.12B.

Based on Water Island Capital's 13F filing for Q3 2023, filed 14 Nov 2023.