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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
+19.44%
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
$1.81B
AUM Growth
+$74.1M
Cap. Flow
-$55.5M
Cap. Flow %
-3.06%
Top 10 Hldgs %
55.37%
Holding
127
New
56
Increased
16
Reduced
11
Closed
31

Top Buys

Rank Stock Value
1
WTW icon
Willis Towers Watson
WTW
+$139M
2
ROG icon
Rogers Corp
ROG
+$75.9M
3
CONE
CyrusOne Inc Common Stock
CONE
+$73.9M
4
VG
Vonage Holdings Corporation
VG
+$45.9M
5
CERN
Cerner Corp
CERN
+$43.2M

Top Sells

Rank Stock Value
1
WLFC icon
Willis Lease Finance
WLFC
+$138M
2
KSU
Kansas City Southern
KSU
+$123M
3
PPD
PPD, Inc. Common Stock
PPD
+$102M
4
FIVN icon
FIVE9
FIVN
+$101M
5
HRC
HILL-ROM HOLDINGS, INC.
HRC
+$52.6M

Sector Composition

Rank Sector Weight
1 Technology 23.95%
2 Communication Services 13.24%
3 Industrials 11.98%
4 Financials 10.34%
5 Healthcare 4.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KOR
76
DELISTED
Corvus Gold Inc. Common Shares
KOR
$87K ﹤0.01%
26,953
+15,781
+141% +$50.8K
XYZ
77
Block Inc
XYZ
$47.5B
$65K ﹤0.01%
+400
New +$86.7K
ZLAB icon
78
Zai Lab
ZLAB
$2.62B
$63K ﹤0.01%
+1,000
New +$84.8K
WBD icon
79
Warner Bros
WBD
$67.1B
$59K ﹤0.01%
+2,500
New +$62.2K
PENN icon
80
PENN Entertainment
PENN
$2.71B
$53K ﹤0.01%
+1,014
New +$61.5K
FCCY
81
DELISTED
1st Constitution Bancorp
FCCY
$49K ﹤0.01%
+1,918
New +$47.2K
BIRD icon
82
Smartbird Inc
BIRD
$22.3M
$30K ﹤0.01%
+100
New +$37.4K
AMD icon
83
CALL
Advanced Micro Devices
AMD
$789B
$26K ﹤0.01%
+4,000
New +$538K
FRTX
84
DELISTED
Fresh Tracks Therapeutics, Inc. Common Stock
FRTX
$23K ﹤0.01%
+2,222
New +$39.9K
OPLN
85
CALL
Openlane
OPLN
$4.54B
$4K ﹤0.01%
21,500
– –
LNW
86
CALL
DELISTED
Light & Wonder
LNW
$3K ﹤0.01%
10,000
-1,500
-13% -$109K
CNI icon
87
CALL
Canadian National Railway
CNI
$76.6B
– –
-297,400
Closed -$216K
SPGI icon
88
CALL
S&P Global
SPGI
$120B
– –
-197,900
Closed -$341K
VICI icon
89
CALL
VICI Properties
VICI
$29.4B
– –
-451,000
Closed -$79K
WLFC icon
90
Willis Lease Finance
WLFC
$1.29B
– –
-1,781,382
Closed -$138M
ZM icon
91
CALL
Zoom
ZM
$30.6B
– –
-374,600
Closed -$32K
DSEY
92
CALL
DELISTED
Diversey Holdings, Ltd. Ordinary Shares
DSEY
– –
-13,000
Closed -$9K
BHSEU
93
DELISTED
Bull Horn Holdings Corp. Unit
BHSEU
– –
-150,000
Closed -$1.53M
JOBS
94
DELISTED
51job Inc
JOBS
– –
-93,225
Closed -$6.48M
MGP
95
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
– –
-596,247
Closed -$22.8M
KRA
96
CALL
DELISTED
Kraton Corporation
KRA
– –
-13,200
Closed -$9K
ITMR
97
DELISTED
Itamar Medical Ltd. American Depository Shares
ITMR
– –
-167,525
Closed -$5.06M
KSU
98
DELISTED
Kansas City Southern
KSU
– –
-455,788
Closed -$123M
HRC
99
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
– –
-350,757
Closed -$52.6M
PPD
100
DELISTED
PPD, Inc. Common Stock
PPD
– –
-2,172,818
Closed -$102M
1 2 3
4
5

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Water Island Capital's Q4 2021 Portfolio in Review

As of Q4 2021, Water Island Capital held 127 positions worth $1.81B, up 4.3% from $1.74B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Water Island Capital withdrew a net $55.5M in Q4 2021, closing 31 positions and reducing 11 holdings. Its most notable exit was Willis Lease Finance, an estimated $138M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 20% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Water Island Capital opened a new position in Willis Towers Watson worth $139M.

  • Water Island Capital's largest Q4 2021 buy was Willis Towers Watson: 585,714 shares worth $139M.
  • Water Island Capital added most to Athene Holding Ltd. Class A Common Shares in Q4 2021, an estimated $11.7M increase.
  • Water Island Capital's biggest Q4 2021 reduction was FIVE9, cutting an estimated $101M.
  • Water Island Capital fully exited Willis Lease Finance in Q4 2021, selling an estimated $138M.
  • Water Island Capital's ten largest holdings make up 55% of its $1.81B portfolio in Q4 2021.
  • Water Island Capital opened 56 new positions and closed 31 in Q4 2021.
  • Water Island Capital's portfolio value rose 4.3% quarter-over-quarter to $1.81B.

Based on Water Island Capital's 13F filing for Q4 2021, filed 14 Feb 2022.