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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
+20.28%
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
$1.64B
AUM Growth
+$222M
Cap. Flow
+$227M
Cap. Flow %
13.84%
Top 10 Hldgs %
48.06%
Holding
151
New
49
Increased
10
Reduced
28
Closed
55

Top Buys

Rank Stock Value
1
COHR
Coherent Inc
COHR
+$72.4M
2
CHNG
Change Healthcare Inc. Common Stock
CHNG
+$61.5M
3
INFO
IHS Markit Ltd. Common Shares
INFO
+$54.5M
4
EGOV
NIC Inc
EGOV
+$54.4M
5
CUB
Cubic Corporation
CUB
+$48M

Top Sells

Rank Stock Value
1
EV
Eaton Vance Corp.
EV
+$101M
2
NGHC
National General Holdings Corp
NGHC
+$84.7M
3
TXNM
TXNM Energy Inc
TXNM
+$69.4M
4
ACIA
Acacia Communications Inc
ACIA
+$65.9M
5
CXO
CONCHO RESOURCES INC.
CXO
+$41.7M

Sector Composition

Rank Sector Weight
1 Technology 21.84%
2 Healthcare 16.95%
3 Industrials 15.01%
4 Communication Services 10.69%
5 Financials 8.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COHR icon
76
CALL
Coherent
COHR
$74.2B
$241K 0.01%
+275,700
New +$22.6M
LCID icon
77
PUT
Lucid Motors
LCID
$2.77B
$234K 0.01%
+11,320
New +$3.03M
ACM icon
78
Aecom
ACM
$9.75B
$224K 0.01%
3,500
-65,900
-95% -$3.75M
SPGI icon
79
S&P Global
SPGI
$120B
$218K 0.01%
+617
New +$205K
DVN icon
80
CALL
Devon Energy
DVN
$47.3B
$209K 0.01%
100,000
+50,000
+100% +$1.03M
BKKT icon
81
Bakkt Inc
BKKT
$337M
$198K 0.01%
+610
New +$227K
CHPT icon
82
PUT
ChargePoint
CHPT
$161M
$195K 0.01%
+5,245
New +$3.54M
TGNA
83
CALL
DELISTED
TEGNA Inc
TGNA
$89K 0.01%
+77,600
New +$1.36M
SPY icon
84
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$44K ﹤0.01%
+15,000
New +$5.78M
AT
85
DELISTED
Atlantic Power Corporation
AT
$39K ﹤0.01%
+13,600
New +$38.1K
PARR icon
86
CALL
Par Pacific Holdings
PARR
$3.32B
$34K ﹤0.01%
+35,000
New +$544K
TLND
87
CALL
DELISTED
Talend S.A. American Depositary Shares
TLND
$34K ﹤0.01%
+103,800
New +$5.39M
FANG icon
88
CALL
Diamondback Energy
FANG
$52.7B
$17K ﹤0.01%
20,000
+10,000
+100% +$685K
PS
89
CALL
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
$14K ﹤0.01%
+188,100
New +$4.03M
LNW
90
CALL
DELISTED
Light & Wonder
LNW
$7K ﹤0.01%
20,000
– –
BFLY icon
91
Butterfly Network
BFLY
$2.35B
– –
-35,000
Closed -$693K
CDLX icon
92
Cardlytics
CDLX
$21.5M
– –
-22,795
Closed -$8.05M
CHX
93
DELISTED
ChampionX
CHX
– –
-73,960
Closed -$1.13M
CNX icon
94
CNX Resources
CNX
$5.2B
– –
-14,000
Closed -$151K
EQT icon
95
EQT Corp
EQT
$32.3B
– –
-15,000
Closed -$191K
ETWO
96
DELISTED
E2open Parent Holdings
ETWO
– –
-75,005
Closed -$709K
GCMG icon
97
GCM Grosvenor
GCMG
$820M
– –
-90,000
Closed -$1.2M
GILT icon
98
Gilat Satellite Networks
GILT
$848M
– –
-10,000
Closed -$65K
LCID icon
99
Lucid Motors
LCID
$2.77B
– –
-12,001
Closed -$3.21M
OEF icon
100
PUT
iShares S&P 100 ETF
OEF
$20.5B
– –
-333,200
Closed -$29K
2 3
4
5 6

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Water Island Capital's Q1 2021 Portfolio in Review

As of Q1 2021, Water Island Capital held 151 positions worth $1.64B, up 16% from $1.42B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Water Island Capital deployed $227M of net new capital in Q1 2021, opening 49 new positions and adding to 10 existing holdings. Its largest new stake was Coherent Inc: 326,154 shares worth $82.5M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 17% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Watford Holdings Ltd. Common Shares, an estimated $28.9M trimmed.

  • Water Island Capital's largest Q1 2021 buy was Coherent Inc: 326,154 shares worth $82.5M.
  • Water Island Capital added most to IHS Markit Ltd. Common Shares in Q1 2021, an estimated $54.5M increase.
  • Water Island Capital's biggest Q1 2021 reduction was Watford Holdings Ltd. Common Shares, cutting an estimated $28.9M.
  • Water Island Capital fully exited Eaton Vance Corp. in Q1 2021, selling an estimated $101M.
  • Water Island Capital's ten largest holdings make up 48% of its $1.64B portfolio in Q1 2021.
  • Water Island Capital opened 49 new positions and closed 55 in Q1 2021.
  • Water Island Capital's portfolio value rose 16% quarter-over-quarter to $1.64B.

Based on Water Island Capital's 13F filing for Q1 2021, filed 13 May 2021.