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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
+9.26%
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
$993M
AUM Growth
+$6.07M
Cap. Flow
-$53.7M
Cap. Flow %
-5.41%
Top 10 Hldgs %
46.1%
Holding
105
New
29
Increased
15
Reduced
21
Closed
26

Top Buys

Rank Stock Value
1
K
Kellanova
K
+$44.1M
2
EVRI
Everi Holdings
EVRI
+$30.1M
3
RCM
R1 RCM Inc. Common Stock
RCM
+$27.6M
4
INST
Instructure Holdings, Inc.
INST
+$20M
5
PETQ
PetIQ, Inc. Class A Common Stock
PETQ
+$16.7M

Top Sells

Rank Stock Value
1
OLK
Olink Holding AB (publ) American Depositary Shares
OLK
+$37.2M
2
CERE
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
+$31.4M
3
HIBB
Hibbett, Inc. Common Stock
HIBB
+$20.5M
4
WIRE
Encore Wire Corp
WIRE
+$17.3M
5
PRFT
Perficient Inc
PRFT
+$15M

Sector Composition

Rank Sector Weight
1 Technology 26.55%
2 Healthcare 17.42%
3 Energy 14.4%
4 Consumer Staples 9.79%
5 Communication Services 6.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVEI
76
CALL
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
– –
-542,700
Closed -$17.6M
HA
77
DELISTED
Hawaiian Holdings, Inc.
HA
– –
-42,821
Closed -$532K
SILK
78
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
– –
-406,305
Closed -$11M
WKME
79
DELISTED
WalkMe Ltd. Ordinary Shares
WKME
– –
-852,000
Closed -$11.9M
AMK
80
DELISTED
AssetMark Financial Holdings, Inc.
AMK
– –
-21,880
Closed -$756K
DO
81
DELISTED
Diamond Offshore Drilling, Inc.
DO
– –
-711,264
Closed -$11M
ATRI
82
DELISTED
Atrion Corp
ATRI
– –
-1,761
Closed -$797K
CERE
83
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
– –
-766,933
Closed -$31.4M
SLCA
84
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
– –
-703,382
Closed -$10.9M
SBOW
85
DELISTED
SilverBow Resources, Inc.
SBOW
– –
-312,000
Closed -$11.8M
ETRN
86
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
– –
-137,313
Closed -$1.78M
OSG
87
DELISTED
Overseas Shipholding Group Inc.
OSG
– –
-92,389
Closed -$783K
OLK
88
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
– –
-1,458,010
Closed -$37.2M
NWLI
89
DELISTED
National Western Life Group, Inc. Class A
NWLI
– –
-6,478
Closed -$3.22M
WRK
90
DELISTED
WestRock Company
WRK
– –
-12,581
Closed -$632K
EVBG
91
DELISTED
Everbridge, Inc. Common Stock
EVBG
– –
-36,094
Closed -$1.26M
WIRE
92
DELISTED
Encore Wire Corp
WIRE
– –
-59,814
Closed -$17.3M
HIBB
93
DELISTED
Hibbett, Inc. Common Stock
HIBB
– –
-235,072
Closed -$20.5M
1 2 3
4

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Water Island Capital's Q3 2024 Portfolio in Review

As of Q3 2024, Water Island Capital held 105 positions worth $993M, up 0.62% from $987M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Water Island Capital withdrew a net $53.7M in Q3 2024, closing 26 positions and reducing 21 holdings. Its most notable exit was Olink Holding AB (publ) American Depositary Shares, an estimated $37.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Water Island Capital opened a new position in Kellanova worth $50M.

  • Water Island Capital's largest Q3 2024 buy was Kellanova: 619,784 shares worth $50M.
  • Water Island Capital added most to Marathon Oil Corporation in Q3 2024, an estimated $13M increase.
  • Water Island Capital's biggest Q3 2024 reduction was Perficient Inc, cutting an estimated $15M.
  • Water Island Capital fully exited Olink Holding AB (publ) American Depositary Shares in Q3 2024, selling an estimated $37.2M.
  • Water Island Capital's ten largest holdings make up 46% of its $993M portfolio in Q3 2024.
  • Water Island Capital opened 29 new positions and closed 26 in Q3 2024.
  • Water Island Capital's portfolio value rose 0.62% quarter-over-quarter to $993M.

Based on Water Island Capital's 13F filing for Q3 2024, filed 14 Nov 2024.