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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
+18.33%
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
$1.09B
AUM Growth
-$295M
Cap. Flow
-$321M
Cap. Flow %
-29.51%
Top 10 Hldgs %
81.78%
Holding
105
New
49
Increased
15
Reduced
11
Closed
24

Top Buys

Rank Stock Value
1
ETFC
E*Trade Financial Corporation
ETFC
+$101M
2
ADSW
Advanced Disposal Services Inc
ADSW
+$55M
3
WTW icon
Willis Towers Watson
WTW
+$50.4M
4
PTLA
Portola Pharmaceuticals, Inc.
PTLA
+$32.7M
5
LM
Legg Mason, Inc.
LM
+$30M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$151M
2
TECD
Tech Data Corp
TECD
+$121M
3
AXE
Anixter International Inc
AXE
+$97.1M
4
WBC
WABCO HOLDINGS INC.
WBC
+$92.1M
5
CZR
Caesars Entertainment Corporation
CZR
+$64.7M

Sector Composition

Rank Sector Weight
1 Financials 38.63%
2 Technology 13.7%
3 Healthcare 12.31%
4 Industrials 7.17%
5 Consumer Discretionary 4.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ECHO
76
CALL
EchoStar
ECHO
$26.2B
$1K ﹤0.01%
+10,000
New +$304K
AMRN
77
Amarin Corp
AMRN
$303M
– –
-700
Closed -$96.3K
AXTA icon
78
Axalta
AXTA
$8.17B
– –
-25,028
Closed -$432K
BB icon
79
BlackBerry
BB
$5.26B
– –
-28,205
Closed -$116K
BTU icon
80
Peabody Energy
BTU
$2.9B
– –
-23,000
Closed -$67K
CCJ icon
81
Cameco
CCJ
$42.4B
– –
-30,000
Closed -$229K
CZR icon
82
Caesars Entertainment
CZR
$6.14B
– –
-23,405
Closed -$337K
UPBD icon
83
Upbound Group
UPBD
$1.16B
– –
-16,750
Closed -$237K
XRX icon
84
Xerox
XRX
$425M
– –
-16,221
Closed -$280K
PRMW
85
DELISTED
Primo Water Corporation
PRMW
– –
-107,905
Closed -$978K
NAV
86
DELISTED
Navistar International
NAV
– –
-18,846
Closed -$311K
TCO
87
DELISTED
Taubman Centers Inc.
TCO
– –
-1,001,645
Closed -$41.9M
TECD
88
DELISTED
Tech Data Corp
TECD
– –
-922,151
Closed -$121M
IOTS
89
DELISTED
Adesto Technologies Corp
IOTS
– –
-858,000
Closed -$9.6M
AXE
90
DELISTED
Anixter International Inc
AXE
– –
-1,104,493
Closed -$97.1M
FG
91
DELISTED
FGL Holdings Ordinary Shares
FG
– –
-1,131,100
Closed -$11.1M
WBC
92
DELISTED
WABCO HOLDINGS INC.
WBC
– –
-681,965
Closed -$92.1M
AGN
93
DELISTED
Allergan plc
AGN
– –
-850,001
Closed -$151M
TSG
94
CALL
DELISTED
The Stars Group Inc.
TSG
– –
-82,500
Closed -$159K
MLNX
95
DELISTED
Mellanox Technologies, Ltd.
MLNX
– –
-35,836
Closed -$4.35M
TGE
96
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
– –
-3,683,042
Closed -$60.6M
FTSV
97
DELISTED
Forty Seven, Inc. Common Stock
FTSV
– –
-347,714
Closed -$33.2M
KEM
98
DELISTED
KEMET Corporation
KEM
– –
-2,444,966
Closed -$59.1M
CZR
99
DELISTED
Caesars Entertainment Corporation
CZR
– –
-9,570,352
Closed -$64.7M
1 2 3
4

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Water Island Capital's Q2 2020 Portfolio in Review

As of Q2 2020, Water Island Capital held 105 positions worth $1.09B, down 21% from $1.38B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Water Island Capital withdrew a net $321M in Q2 2020, closing 24 positions and reducing 11 holdings. Its most notable exit was Allergan plc, an estimated $151M position sold in full.

By sector, the portfolio is most concentrated in Financials at 39% of assets, up from 13% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Water Island Capital opened a new position in Advanced Disposal Services Inc worth $52M.

  • Water Island Capital's largest Q2 2020 buy was Advanced Disposal Services Inc: 1,724,525 shares worth $52M.
  • Water Island Capital added most to E*Trade Financial Corporation in Q2 2020, an estimated $101M increase.
  • Water Island Capital's biggest Q2 2020 reduction was ForeScout Technologies, Inc. Common Stock, cutting an estimated $48.9M.
  • Water Island Capital fully exited Allergan plc in Q2 2020, selling an estimated $151M.
  • Water Island Capital's ten largest holdings make up 82% of its $1.09B portfolio in Q2 2020.
  • Water Island Capital opened 49 new positions and closed 24 in Q2 2020.
  • Water Island Capital's portfolio value fell 21% quarter-over-quarter to $1.09B.

Based on Water Island Capital's 13F filing for Q2 2020, filed 12 Aug 2020.