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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
+26.89%
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
$1.01B
AUM Growth
-$106M
Cap. Flow
-$228M
Cap. Flow %
-22.52%
Top 10 Hldgs %
57.11%
Holding
116
New
34
Increased
7
Reduced
6
Closed
58

Top Buys

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$84M
2
HES
Hess
HES
+$78M
3
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
+$50M
4
SPLK
Splunk Inc
SPLK
+$43.5M
5
AMED
Amedisys
AMED
+$43.1M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$104M
2
VMW
VMware, Inc
VMW
+$86.9M
3
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$79.7M
4
DEN
Denbury Inc.
DEN
+$51.6M
5
SGEN
Seagen Inc. Common Stock
SGEN
+$49.6M

Sector Composition

Rank Sector Weight
1 Healthcare 23.44%
2 Energy 18.2%
3 Technology 14.93%
4 Consumer Staples 10.22%
5 Real Estate 10.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AURA icon
51
Aura Biosciences
AURA
$826M
– –
-22,650
Closed -$203K
BA icon
52
Boeing
BA
$185B
– –
-2,450
Closed -$470K
BE icon
53
Bloom Energy
BE
$64.6B
– –
-13,500
Closed -$179K
BHM icon
54
Bluerock Homes Trust
BHM
$34.9M
– –
-38,628
Closed -$499K
BIRD icon
55
Smartbird Inc
BIRD
$22.3M
– –
-500
Closed -$11.1K
BTE icon
56
Baytex Energy
BTE
$2.92B
– –
-146,085
Closed -$644K
CLSD
57
DELISTED
Clearside Biomedical
CLSD
– –
-5,500
Closed -$71.8K
CZR icon
58
Caesars Entertainment
CZR
$6.14B
– –
-7,700
Closed -$342K
F icon
59
PUT
Ford
F
$55.7B
– –
-50,000
Closed -$621K
FHN icon
60
First Horizon
FHN
$12.1B
– –
-1,386,349
Closed -$15.3M
GMED icon
61
Globus Medical
GMED
$11.2B
– –
-77,756
Closed -$3.86M
GMED icon
62
PUT
Globus Medical
GMED
$11.2B
– –
-77,800
Closed -$3.86M
HIG icon
63
Hartford Financial Services
HIG
$39.3B
– –
-16,672
Closed -$1.18M
HWM icon
64
CALL
Howmet Aerospace
HWM
$112B
– –
-45,500
Closed -$2.1M
INTC icon
65
Intel
INTC
$513B
– –
-6,000
Closed -$213K
MX icon
66
Magnachip Semiconductor
MX
$145M
– –
-548,784
Closed -$4.56M
MXL icon
67
CALL
MaxLinear
MXL
$6.8B
– –
-185,700
Closed -$4.13M
OKE icon
68
Oneok
OKE
$54.5B
– –
-31,268
Closed -$1.98M
PACB icon
69
Pacific Biosciences
PACB
$370M
– –
-16,000
Closed -$134K
RBA icon
70
RB Global
RBA
$17.5B
– –
-48,871
Closed -$3.05M
ROG icon
71
Rogers Corp
ROG
$2.4B
– –
-76,597
Closed -$10.1M
TGNA
72
DELISTED
TEGNA Inc
TGNA
– –
-3,330,534
Closed -$48.5M
XOM icon
73
ExxonMobil
XOM
$634B
– –
-11,718
Closed -$1.38M
ML.WS
74
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
– –
-313,400
Closed -$14.4K
CATC
75
DELISTED
CAMBRIDGE BANCORP
CATC
– –
-3,914
Closed -$244K
1 2
3
4 5

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GEM
Global Endowment Management Charlotte, North Carolina $896M AUM 13.86% 1-Year Est. Return
FTM
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SI
Squadra Investments Rio De Janeiro, Brazil $894M AUM 33.04% 1-Year Est. Return
WP
WealthShield Partners Cary, North Carolina $898M AUM 19.35% 1-Year Est. Return
BFFIM
Baring Fintech Fund III Managers St Peter Port, Guernsey $893M AUM 20.23% 1-Year Est. Return
SFM
Signet Financial Management Parsippany, New Jersey $892M AUM 23.24% 1-Year Est. Return
DA
Denali Advisors San Diego, California $900M AUM 28.25% 1-Year Est. Return
BWP
BlueStem Wealth Partners Minnetonka, Minnesota $900M AUM 15.24% 1-Year Est. Return

Water Island Capital's Q4 2023 Portfolio in Review

As of Q4 2023, Water Island Capital held 116 positions worth $1.01B, down 9.5% from $1.12B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Water Island Capital withdrew a net $228M in Q4 2023, closing 58 positions and reducing 6 holdings. Its most notable exit was Activision Blizzard, an estimated $104M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 17% a quarter earlier, followed by Energy and Technology.

Against the trend, Water Island Capital opened a new position in Pioneer Natural Resource Co. worth $80.6M.

  • Water Island Capital's largest Q4 2023 buy was Pioneer Natural Resource Co.: 358,308 shares worth $80.6M.
  • Water Island Capital added most to Splunk Inc in Q4 2023, an estimated $43.5M increase.
  • Water Island Capital's biggest Q4 2023 reduction was TXNM Energy Inc, cutting an estimated $40.7M.
  • Water Island Capital fully exited Activision Blizzard in Q4 2023, selling an estimated $104M.
  • Water Island Capital's ten largest holdings make up 57% of its $1.01B portfolio in Q4 2023.
  • Water Island Capital opened 34 new positions and closed 58 in Q4 2023.
  • Water Island Capital's portfolio value fell 9.5% quarter-over-quarter to $1.01B.

Based on Water Island Capital's 13F filing for Q4 2023, filed 13 Feb 2024.