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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
+9.24%
1 Year Est. Return
+107.59%
3 Year Est. Return
+414.38%
5 Year Est. Return
+1,508.69%
10 Year Est. Return
+23,520.55%
AUM
$1.62B
AUM Growth
-$490M
Cap. Flow
-$530M
Cap. Flow %
-32.65%
Top 10 Hldgs %
53.52%
Holding
154
New
49
Increased
22
Reduced
11
Closed
64

Top Buys

Rank Stock Value
1
NXPI icon
NXP Semiconductors
NXPI
+$60.2M
2
BSFT
BroadSoft, Inc.
BSFT
+$44.2M
3
HSNI
HSN, Inc.
HSNI
+$43.3M
4
BOBE
Bob Evans Farms, Inc.
BOBE
+$41.3M
5
AAAP
Advanced Accelerator Applications S.A.
AAAP
+$32.5M

Top Sells

Rank Stock Value
1
BCR
CR Bard Inc.
BCR
+$145M
2
PRXL
Parexel International Corp
PRXL
+$132M
3
VWR
VWR Corporation
VWR
+$84.7M
4
FIG
Fortress Investment Group Llc
FIG
+$83.7M
5
AF
Astoria Financial Corporation
AF
+$77.6M

Sector Composition

Rank Sector Weight
1 Technology 26.5%
2 Communication Services 14.88%
3 Consumer Discretionary 11.33%
4 Utilities 6.42%
5 Healthcare 5.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCD icon
76
McDonald's
MCD
$188B
$409K 0.03%
2,375
+375
+19% +$63K
WEN icon
77
Wendy's
WEN
$1.43B
$402K 0.02%
24,463
+3,862
+19% +$58.7K
QSR icon
78
Restaurant Brands International
QSR
$25.3B
$365K 0.02%
5,938
+937
+19% +$60.1K
WBT
79
DELISTED
Welbilt, Inc.
WBT
$303K 0.02%
+12,870
New +$284K
SSP icon
80
E.W. Scripps
SSP
$258M
$301K 0.02%
+19,263
New +$312K
PZZA icon
81
Papa John's
PZZA
$1.02B
$267K 0.02%
4,750
+750
+19% +$46.7K
MIDD icon
82
Middleby
MIDD
$6.14B
$258K 0.02%
+1,914
New +$234K
HAL icon
83
Halliburton
HAL
$26.6B
$239K 0.01%
+4,884
New +$215K
SLB icon
84
SLB Ltd
SLB
$73.2B
$205K 0.01%
+3,036
New +$197K
HRI icon
85
Herc Holdings
HRI
$5.48B
$169K 0.01%
2,700
-3,883
-59% -$214K
EGHT icon
86
8x8 Inc
EGHT
$292M
$133K 0.01%
9,407
-765,593
-99% -$10.6M
SBGI icon
87
Sinclair Inc
SBGI
$1B
$23K ﹤0.01%
+600
New +$19.9K
AGO icon
88
Assured Guaranty
AGO
$3.72B
– –
-7,800
Closed -$294K
ASH icon
89
Ashland
ASH
$3.29B
– –
-78,294
Closed -$5.12M
BB icon
90
BlackBerry
BB
$4.99B
– –
-15,400
Closed -$172K
BB icon
91
PUT
BlackBerry
BB
$4.99B
– –
-10,000
Closed -$94K
BYD icon
92
Boyd Gaming
BYD
$6.16B
– –
-20,880
Closed -$544K
CNX icon
93
CNX Resources
CNX
$5.33B
– –
-15,000
Closed -$212K
CSTM icon
94
Constellium
CSTM
$3.85B
– –
-104,812
Closed -$1.07M
GPRO icon
95
GoPro
GPRO
$131M
– –
-20,500
Closed -$226K
GSAT icon
96
Globalstar
GSAT
$10.8B
– –
-5,833
Closed -$143K
HUN icon
97
Huntsman Corp
HUN
$1.76B
– –
-204,340
Closed -$5.6M
INTC icon
98
Intel
INTC
$459B
– –
-5,955
Closed -$227K
KNX icon
99
Knight Transportation
KNX
$11.1B
– –
-73,413
Closed -$3.05M
MET icon
100
MetLife
MET
$62B
– –
-131,000
Closed -$6.8M
2 3
4
5 6

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Water Island Capital's Q4 2017 Portfolio in Review

As of Q4 2017, Water Island Capital held 154 positions worth $1.62B, down 23% from $2.11B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Water Island Capital withdrew a net $530M in Q4 2017, closing 64 positions and reducing 11 holdings. Its most notable exit was CR Bard Inc., an estimated $145M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 15% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Water Island Capital opened a new position in BroadSoft, Inc. worth $44.5M.

  • Water Island Capital's largest Q4 2017 buy was BroadSoft, Inc.: 811,151 shares worth $44.5M.
  • Water Island Capital added most to NXP Semiconductors in Q4 2017, an estimated $60.2M increase.
  • Water Island Capital's biggest Q4 2017 reduction was Time Warner Inc, cutting an estimated $37.6M.
  • Water Island Capital fully exited CR Bard Inc. in Q4 2017, selling an estimated $145M.
  • Water Island Capital's ten largest holdings make up 54% of its $1.62B portfolio in Q4 2017.
  • Water Island Capital opened 49 new positions and closed 64 in Q4 2017.
  • Water Island Capital's portfolio value fell 23% quarter-over-quarter to $1.62B.

Based on Water Island Capital's 13F filing for Q4 2017, filed 13 Feb 2018.