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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
+22.82%
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
$1.27B
AUM Growth
+$28.2M
Cap. Flow
-$41.5M
Cap. Flow %
-3.28%
Top 10 Hldgs %
48.61%
Holding
121
New
33
Increased
18
Reduced
9
Closed
46

Top Buys

Rank Stock Value
1
DCP
DCP Midstream, LP
DCP
+$57.9M
2
XM
Qualtrics International Inc. Class A Common Stock
XM
+$44.4M
3
UNVR
Univar Solutions Inc.
UNVR
+$43.2M
4
SUMO
Sumo Logic, Inc. Common Stock
SUMO
+$42.2M
5
FOCS
Focus Financial Partners Inc. Class A
FOCS
+$33.3M

Top Sells

Rank Stock Value
1
STOR
STORE Capital Corporation
STOR
+$56.9M
2
SJI
South Jersey Industries, Inc.
SJI
+$55.3M
3
SWIR
Sierra Wireless
SWIR
+$53.5M
4
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
+$43.4M
5
LHCG
LHC Group LLC
LHCG
+$42.3M

Sector Composition

Rank Sector Weight
1 Technology 29.45%
2 Communication Services 12.6%
3 Healthcare 11.58%
4 Financials 8.49%
5 Industrials 7.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
76
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$810B
– –
-25,000
Closed -$9.56M
UNIT
77
CALL
Uniti Group
UNIT
$2.32B
– –
-100,000
Closed -$553K
ZLAB icon
78
Zai Lab
ZLAB
$2.62B
– –
-10,000
Closed -$307K
ML.WS
79
DELISTED
MoneyLion Inc. Warrants, each whole warrant exercisable 1/30th of a share of Class A common stock at an exercise price of $345.00 per whole share
ML.WS
– –
-313,400
Closed -$12.9K
CANO
80
DELISTED
Cano Health, Inc.
CANO
– –
-1,300
Closed -$178K
ZEV.WS
81
DELISTED
Lightning eMotors, Inc. Redeemable Warrants, each whole warrant exercisable 1/20th of a share of common stock at an exercise price of $230.00 per whole share
ZEV.WS
– –
-53,913
Closed -$2.09K
FORG
82
CALL
DELISTED
ForgeRock, Inc.
FORG
– –
-660,600
Closed -$15M
MGI
83
DELISTED
MoneyGram International, Inc. New
MGI
– –
-151,430
Closed -$1.65M
ML
84
DELISTED
MoneyLion Inc.
ML
– –
-103,670
Closed -$1.93M
APEN
85
CALL
DELISTED
Apollo Endosurgery, Inc.
APEN
– –
-359,000
Closed -$3.58M
SGFY
86
DELISTED
Signify Health, Inc.
SGFY
– –
-1,091,689
Closed -$31.3M
ATCO
87
DELISTED
Atlas Corp.
ATCO
– –
-1,563,414
Closed -$24M
AIMC
88
DELISTED
Altra Industrial Motion Corp
AIMC
– –
-413,758
Closed -$24.7M
EVOP
89
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
– –
-844,796
Closed -$28.6M
ISO
90
DELISTED
IsoPlexis Corporation Common Stock
ISO
– –
-22,000
Closed -$34.1K
IAA
91
DELISTED
IAA, Inc. Common Stock
IAA
– –
-15,156
Closed -$606K
MYOV
92
DELISTED
Myovant Sciences Ltd.
MYOV
– –
-877,979
Closed -$23.7M
VVNT
93
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
– –
-1,906,353
Closed -$22.7M
RFP
94
DELISTED
Resolute Forest Products Inc.
RFP
– –
-1,126,840
Closed -$24.3M
COUP
95
DELISTED
Coupa Software Incorporated
COUP
– –
-294,472
Closed -$23.3M
ONEM
96
DELISTED
1Life Healthcare
ONEM
– –
-2,336,958
Closed -$39.1M
LHCG
97
DELISTED
LHC Group LLC
LHCG
– –
-261,856
Closed -$42.3M
STOR
98
DELISTED
STORE Capital Corporation
STOR
– –
-1,775,643
Closed -$56.9M
KNBE
99
DELISTED
KnowBe4, Inc. Class A Common Stock
KNBE
– –
-954,644
Closed -$23.7M
SJI
100
DELISTED
South Jersey Industries, Inc.
SJI
– –
-1,557,579
Closed -$55.3M
1 2 3
4
5

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Water Island Capital's Q1 2023 Portfolio in Review

As of Q1 2023, Water Island Capital held 121 positions worth $1.27B, up 2.3% from $1.24B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Water Island Capital withdrew a net $41.5M in Q1 2023, closing 46 positions and reducing 9 holdings. Its most notable exit was STORE Capital Corporation, an estimated $56.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 26% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Water Island Capital opened a new position in DCP Midstream, LP worth $58M.

  • Water Island Capital's largest Q1 2023 buy was DCP Midstream, LP: 1,391,204 shares worth $58M.
  • Water Island Capital added most to Momentive Global Inc. Common Stock in Q1 2023, an estimated $28.5M increase.
  • Water Island Capital's biggest Q1 2023 reduction was iRobot, cutting an estimated $13.7M.
  • Water Island Capital fully exited STORE Capital Corporation in Q1 2023, selling an estimated $56.9M.
  • Water Island Capital's ten largest holdings make up 49% of its $1.27B portfolio in Q1 2023.
  • Water Island Capital opened 33 new positions and closed 46 in Q1 2023.
  • Water Island Capital's portfolio value rose 2.3% quarter-over-quarter to $1.27B.

Based on Water Island Capital's 13F filing for Q1 2023, filed 25 May 2023.