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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
+11.04%
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
$1.17B
AUM Growth
-$100M
Cap. Flow
-$148M
Cap. Flow %
-12.64%
Top 10 Hldgs %
53.56%
Holding
106
New
32
Increased
19
Reduced
14
Closed
30

Top Buys

Rank Stock Value
1
NATI
National Instruments Corp
NATI
+$53.7M
2
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
+$30.4M
3
CIR
CIRCOR International, Inc
CIR
+$29.8M
4
PDCE
PDC Energy, Inc.
PDCE
+$27.5M
5
LSI
Life Storage, Inc.
LSI
+$25.6M

Top Sells

Rank Stock Value
1
DCP
DCP Midstream, LP
DCP
+$58M
2
MNTV
Momentive Global Inc. Common Stock
MNTV
+$54.8M
3
XM
Qualtrics International Inc. Class A Common Stock
XM
+$51.8M
4
SUMO
Sumo Logic, Inc. Common Stock
SUMO
+$46.1M
5
SJR
Shaw Communications Inc.
SJR
+$43.7M

Sector Composition

Rank Sector Weight
1 Technology 28.34%
2 Healthcare 17.94%
3 Industrials 9.09%
4 Real Estate 5.43%
5 Communication Services 5.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NATI
76
PUT
DELISTED
National Instruments Corp
NATI
– –
-20,500
Closed -$1.07M
INDT
77
DELISTED
INDUS Realty Trust, Inc. (MD) Common Stock
INDT
– –
-285,407
Closed -$18.9M
XM
78
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
– –
-2,906,908
Closed -$51.8M
XM
79
PUT
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
– –
-45,000
Closed -$802K
ROCC
80
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
– –
-277,634
Closed -$11.3M
CVT
81
DELISTED
Cvent Holding Corp. Common Stock
CVT
– –
-2,355,847
Closed -$19.7M
DCP
82
DELISTED
DCP Midstream, LP
DCP
– –
-1,391,204
Closed -$58M
KBAL
83
DELISTED
Kimball International
KBAL
– –
-1,256,548
Closed -$15.6M
BRMK
84
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
– –
-101,531
Closed -$477K
MNTV
85
DELISTED
Momentive Global Inc. Common Stock
MNTV
– –
-5,891,464
Closed -$54.8M
MNTV
86
PUT
DELISTED
Momentive Global Inc. Common Stock
MNTV
– –
-1,728,000
Closed -$16.1M
AQUA
87
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
– –
-244,675
Closed -$12.2M
TA
88
DELISTED
TravelCenters of America LLC
TA
– –
-404,753
Closed -$35M
SUMO
89
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
– –
-3,850,252
Closed -$46.1M
MAXR
90
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
– –
-643,874
Closed -$32.9M
OSH
91
DELISTED
Oak Street Health, Inc.
OSH
– –
-613,951
Closed -$23.7M
PRVB
92
DELISTED
Provention Bio, Inc. Common Stock
PRVB
– –
-953,407
Closed -$23M
CSII
93
DELISTED
Cardiovascular Systems, Inc.
CSII
– –
-1,598,931
Closed -$31.8M
ATCX
94
DELISTED
Atlas Technical Consultants, Inc. Class A Common Stock
ATCX
– –
-808,490
Closed -$9.86M
AMYT
95
DELISTED
Amryt Pharma plc American Depositary Shares
AMYT
– –
-584,566
Closed -$8.52M
APEN
96
DELISTED
Apollo Endosurgery, Inc.
APEN
– –
-67,123
Closed -$666K
SJR
97
DELISTED
Shaw Communications Inc.
SJR
– –
-1,461,559
Closed -$43.7M
ATVI
98
PUT
DELISTED
Activision Blizzard
ATVI
– –
-14,400
Closed -$1.23M
1 2 3
4

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Water Island Capital's Q2 2023 Portfolio in Review

As of Q2 2023, Water Island Capital held 106 positions worth $1.17B, down 7.9% from $1.27B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Water Island Capital withdrew a net $148M in Q2 2023, closing 30 positions and reducing 14 holdings. Its most notable exit was DCP Midstream, LP, an estimated $58M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Water Island Capital opened a new position in Syneos Health, Inc. Class A Common Stock worth $31.7M.

  • Water Island Capital's largest Q2 2023 buy was Syneos Health, Inc. Class A Common Stock: 751,590 shares worth $31.7M.
  • Water Island Capital added most to National Instruments Corp in Q2 2023, an estimated $53.7M increase.
  • Water Island Capital's biggest Q2 2023 reduction was Diversey Holdings, Ltd. Ordinary Shares, cutting an estimated $29.6M.
  • Water Island Capital fully exited DCP Midstream, LP in Q2 2023, selling an estimated $58M.
  • Water Island Capital's ten largest holdings make up 54% of its $1.17B portfolio in Q2 2023.
  • Water Island Capital opened 32 new positions and closed 30 in Q2 2023.
  • Water Island Capital's portfolio value fell 7.9% quarter-over-quarter to $1.17B.

Based on Water Island Capital's 13F filing for Q2 2023, filed 14 Aug 2023.