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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
+11.67%
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
$962M
AUM Growth
-$51.6M
Cap. Flow
-$97.1M
Cap. Flow %
-10.09%
Top 10 Hldgs %
55.5%
Holding
85
New
27
Increased
6
Reduced
15
Closed
24

Top Buys

Rank Stock Value
1
AXNX
Axonics, Inc. Common Stock
AXNX
+$47.9M
2
DOOR
MASONITE INTERNATIONAL CORP
DOOR
+$39.8M
3
ANSS
Ansys
ANSS
+$39.7M
4
EVBG
Everbridge, Inc. Common Stock
EVBG
+$39.6M
5
MGRC icon
McGrath RentCorp
MGRC
+$35.7M

Top Sells

Rank Stock Value
1
SPLK
Splunk Inc
SPLK
+$73M
2
SOVO
Sovos Brands, Inc. Common Stock
SOVO
+$64.8M
3
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
+$56.7M
4
AYX
Alteryx Inc
AYX
+$37M
5
TGH
Textainer Group Holdings limited
TGH
+$29M

Sector Composition

Rank Sector Weight
1 Healthcare 22.57%
2 Technology 18.28%
3 Energy 17.16%
4 Industrials 9.23%
5 Consumer Discretionary 7.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMNB
76
DELISTED
American National Bankshares Inc
AMNB
– –
-5,339
Closed -$260K
1 2 3
4

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BFFIM
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Water Island Capital's Q1 2024 Portfolio in Review

As of Q1 2024, Water Island Capital held 85 positions worth $962M, down 5.1% from $1.01B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Water Island Capital withdrew a net $97.1M in Q1 2024, closing 24 positions and reducing 15 holdings. Its most notable exit was Splunk Inc, an estimated $73M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 23% of assets, down from 23% a quarter earlier, followed by Technology and Energy.

Against the trend, Water Island Capital opened a new position in Axonics, Inc. Common Stock worth $49M.

  • Water Island Capital's largest Q1 2024 buy was Axonics, Inc. Common Stock: 710,124 shares worth $49M.
  • Water Island Capital added most to US Steel in Q1 2024, an estimated $34.1M increase.
  • Water Island Capital's biggest Q1 2024 reduction was Hess, cutting an estimated $14.8M.
  • Water Island Capital fully exited Splunk Inc in Q1 2024, selling an estimated $73M.
  • Water Island Capital's ten largest holdings make up 55% of its $962M portfolio in Q1 2024.
  • Water Island Capital opened 27 new positions and closed 24 in Q1 2024.
  • Water Island Capital's portfolio value fell 5.1% quarter-over-quarter to $962M.

Based on Water Island Capital's 13F filing for Q1 2024, filed 15 May 2024.