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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
+28.81%
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
$2B
AUM Growth
+$657M
Cap. Flow
+$562M
Cap. Flow %
28.13%
Top 10 Hldgs %
44.33%
Holding
190
New
81
Increased
28
Reduced
15
Closed
47

Top Buys

Rank Stock Value
1
FDC
First Data Corporation
FDC
+$80.3M
2
LLL
L3 Technologies, Inc.
LLL
+$78M
3
RHT
Red Hat Inc
RHT
+$74.3M
4
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$67.4M
5
LXFT
Luxoft Holding, Inc.
LXFT
+$65.2M

Top Sells

Rank Stock Value
1
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$135M
2
VVC
Vectren Corporation
VVC
+$105M
3
DNB
Dun & Bradstreet
DNB
+$70.5M
4
IMPV
Imperva, Inc.
IMPV
+$70.2M
5
MBFI
MB Financial Corp
MBFI
+$55.6M

Sector Composition

Rank Sector Weight
1 Technology 18.68%
2 Communication Services 14.16%
3 Materials 9.72%
4 Industrials 5.96%
5 Financials 5.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MITK icon
76
Mitek Systems
MITK
$834M
$190K 0.01%
+15,500
New +$174K
FOXA icon
77
PUT
Fox Class A
FOXA
$26.9B
$184K 0.01%
+59,800
New +$2.33M
CNXM
78
DELISTED
CNX Midstream Partners LP
CNXM
$175K 0.01%
11,500
-4,500
-28% -$72K
TCF
79
CALL
DELISTED
TCF Financial Corporation Common Stock
TCF
$173K 0.01%
+517,400
New +$22.4M
UPBD icon
80
CALL
Upbound Group
UPBD
$1.16B
$156K 0.01%
+71,500
New +$1.32M
AVYA
81
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
$142K 0.01%
38,280
-1,620
-4% -$25.4K
GSAT icon
82
Globalstar
GSAT
$10.8B
$120K 0.01%
18,667
+12,000
+180% +$102K
CNX icon
83
CNX Resources
CNX
$5.2B
$102K 0.01%
+9,500
New +$107K
NBL
84
DELISTED
Noble Energy, Inc.
NBL
$99K 0.01%
4,000
-12,000
-75% -$272K
RHT
85
PUT
DELISTED
Red Hat Inc
RHT
$97K ﹤0.01%
+39,200
New +$7.03M
TFC icon
86
CALL
Truist Financial
TFC
$64B
$95K ﹤0.01%
+212,500
New +$10.4M
SONO icon
87
Sonos
SONO
$1.85B
$93K ﹤0.01%
+9,000
New +$97.6K
LOGM
88
PUT
DELISTED
LogMein, Inc.
LOGM
$86K ﹤0.01%
+26,800
New +$2.29M
AIMC
89
DELISTED
Altra Industrial Motion Corp
AIMC
$72K ﹤0.01%
+2,325
New +$70.5K
AXTA icon
90
Axalta
AXTA
$8.17B
$68K ﹤0.01%
+2,700
New +$69.5K
CNDT icon
91
Conduent
CNDT
$264M
$68K ﹤0.01%
+4,900
New +$65.2K
TMX
92
CALL
DELISTED
Terminix Global Holdings, Inc.
TMX
$67K ﹤0.01%
+116,900
New +$4.89M
HWM icon
93
CALL
Howmet Aerospace
HWM
$112B
$65K ﹤0.01%
+163,000
New +$2.34M
FISV
94
Fiserv Inc
FISV
$27.9B
$64K ﹤0.01%
+723
New +$59.7K
LXFT
95
PUT
DELISTED
Luxoft Holding, Inc.
LXFT
$60K ﹤0.01%
+596,900
New +$33.9M
HRI icon
96
PUT
Herc Holdings
HRI
$5.61B
$56K ﹤0.01%
47,400
-21,300
-31% -$805K
RRC icon
97
Range Resources
RRC
$8.95B
$56K ﹤0.01%
5,000
-22,500
-82% -$244K
VSM
98
PUT
DELISTED
Versum Materials, Inc.
VSM
$55K ﹤0.01%
+78,800
New +$3.14M
XRX icon
99
PUT
Xerox
XRX
$425M
$50K ﹤0.01%
+155,800
New +$4.39M
NTGR icon
100
NETGEAR
NTGR
$635M
$43K ﹤0.01%
1,300
-247,314
-99% -$8.97M
2 3
4
5 6

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Water Island Capital's Q1 2019 Portfolio in Review

As of Q1 2019, Water Island Capital held 190 positions worth $2B, up 49% from $1.34B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Water Island Capital deployed $562M of net new capital in Q1 2019, opening 81 new positions and adding to 28 existing holdings. Its largest new stake was First Data Corporation: 3,381,262 shares worth $88.8M.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Communication Services and Materials.

On the sell side, the largest reduction was Upbound Group, an estimated $35.6M trimmed.

  • Water Island Capital's largest Q1 2019 buy was First Data Corporation: 3,381,262 shares worth $88.8M.
  • Water Island Capital added most to L3 Technologies, Inc. in Q1 2019, an estimated $78M increase.
  • Water Island Capital's biggest Q1 2019 reduction was Upbound Group, cutting an estimated $35.6M.
  • Water Island Capital fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $135M.
  • Water Island Capital's ten largest holdings make up 44% of its $2B portfolio in Q1 2019.
  • Water Island Capital opened 81 new positions and closed 47 in Q1 2019.
  • Water Island Capital's portfolio value rose 49% quarter-over-quarter to $2B.

Based on Water Island Capital's 13F filing for Q1 2019, filed 3 May 2019.