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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
+26.57%
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
$1.18B
AUM Growth
+$89.1M
Cap. Flow
+$10.8M
Cap. Flow %
0.92%
Top 10 Hldgs %
58.77%
Holding
127
New
45
Increased
17
Reduced
20
Closed
32

Top Buys

Rank Stock Value
1
NBL
Noble Energy, Inc.
NBL
+$82.3M
2
ACIA
Acacia Communications Inc
ACIA
+$77.2M
3
NGHC
National General Holdings Corp
NGHC
+$63.7M
4
GLIBA
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
+$42.9M
5
VAR
Varian Medical Systems, Inc.
VAR
+$37.2M

Top Sells

Rank Stock Value
1
LOGM
LogMein, Inc.
LOGM
+$134M
2
TIF
Tiffany & Co.
TIF
+$110M
3
LM
Legg Mason, Inc.
LM
+$105M
4
ADSW
Advanced Disposal Services Inc
ADSW
+$52M
5
WTW icon
Willis Towers Watson
WTW
+$51.8M

Sector Composition

Rank Sector Weight
1 Financials 24.35%
2 Healthcare 13.14%
3 Industrials 11.82%
4 Technology 11.12%
5 Communication Services 6.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNX icon
76
CNX Resources
CNX
$5.2B
$208K 0.02%
22,000
+8,000
+57% +$81.6K
AVYA
77
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
$198K 0.02%
36,455
-24,445
-40% -$345K
BTE icon
78
Baytex Energy
BTE
$2.92B
$169K 0.01%
480,000
-35,000
-7% -$16.9K
FIT
79
DELISTED
Fitbit, Inc. Class A common stock
FIT
$151K 0.01%
21,699
-968,885
-98% -$6.29M
PE
80
DELISTED
PARSLEY ENERGY INC
PE
$131K 0.01%
14,000
+1,000
+8% +$10.7K
SPY icon
81
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$120K 0.01%
50,000
+22,000
+79% +$7.29M
LNW
82
CALL
DELISTED
Light & Wonder
LNW
$53K ﹤0.01%
+11,000
New +$236K
TGI
83
CALL
DELISTED
Triumph Group
TGI
$49K ﹤0.01%
50,000
-25,000
-33% -$186K
AMRN
84
Amarin Corp
AMRN
$303M
$42K ﹤0.01%
+500
New +$59.9K
BMY.RT
85
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
$23K ﹤0.01%
+10,000
New +$28.6K
NLSN
86
CALL
DELISTED
Nielsen Holdings plc
NLSN
$18K ﹤0.01%
25,000
– –
IMMU
87
CALL
DELISTED
Immunomedics Inc
IMMU
$5K ﹤0.01%
+187,500
New +$9.48M
AMRN
88
CALL
Amarin Corp
AMRN
$303M
$1K ﹤0.01%
500
– –
XRX icon
89
CALL
Xerox
XRX
$425M
$1K ﹤0.01%
35,000
– –
ARB icon
90
AltShares Merger Arbitrage ETF
ARB
$102M
– –
-72,459
Closed -$1.77M
BHC icon
91
CALL
Bausch Health
BHC
$2.34B
– –
-30,000
Closed -$53K
EPC icon
92
CALL
Edgewell Personal Care
EPC
$1.31B
– –
-39,000
Closed -$137K
FNF icon
93
Fidelity National Financial
FNF
$13.5B
– –
-9,050
Closed -$267K
HRI icon
94
Herc Holdings
HRI
$5.61B
– –
-7,500
Closed -$230K
PCG icon
95
PG&E
PCG
$38.5B
– –
-43,800
Closed -$389K
ECHO
96
CALL
EchoStar
ECHO
$26.2B
– –
-10,000
Closed -$1K
SPY icon
97
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$810B
– –
-12,500
Closed -$102K
TECK icon
98
Teck Resources
TECK
$32.6B
– –
-10,000
Closed -$104K
UBER icon
99
Uber
UBER
$153B
– –
-8,000
Closed -$249K
UTZ icon
100
Utz Brands
UTZ
$1.25B
– –
-53,932
Closed -$739K
1 2 3
4
5

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Water Island Capital's Q3 2020 Portfolio in Review

As of Q3 2020, Water Island Capital held 127 positions worth $1.18B, up 8.2% from $1.09B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Water Island Capital's Q3 2020 filing shows 45 new, 17 increased, 20 reduced and 32 closed positions. Its largest new stake was National General Holdings Corp: 1,920,524 shares worth $64.8M. The largest sale was LogMein, Inc., an estimated $134M.

By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 39% a quarter earlier, followed by Healthcare and Industrials.

  • Water Island Capital's largest Q3 2020 buy was National General Holdings Corp: 1,920,524 shares worth $64.8M.
  • Water Island Capital added most to Noble Energy, Inc. in Q3 2020, an estimated $82.3M increase.
  • Water Island Capital's biggest Q3 2020 reduction was Tiffany & Co., cutting an estimated $110M.
  • Water Island Capital fully exited LogMein, Inc. in Q3 2020, selling an estimated $134M.
  • Water Island Capital's ten largest holdings make up 59% of its $1.18B portfolio in Q3 2020.
  • Water Island Capital opened 45 new positions and closed 32 in Q3 2020.
  • Water Island Capital's portfolio value rose 8.2% quarter-over-quarter to $1.18B.

Based on Water Island Capital's 13F filing for Q3 2020, filed 12 Nov 2020.