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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
+28.81%
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
$2B
AUM Growth
+$657M
Cap. Flow
+$562M
Cap. Flow %
28.13%
Top 10 Hldgs %
44.33%
Holding
190
New
81
Increased
28
Reduced
15
Closed
47

Top Buys

Rank Stock Value
1
FDC
First Data Corporation
FDC
+$80.3M
2
LLL
L3 Technologies, Inc.
LLL
+$78M
3
RHT
Red Hat Inc
RHT
+$74.3M
4
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$67.4M
5
LXFT
Luxoft Holding, Inc.
LXFT
+$65.2M

Top Sells

Rank Stock Value
1
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$135M
2
VVC
Vectren Corporation
VVC
+$105M
3
DNB
Dun & Bradstreet
DNB
+$70.5M
4
IMPV
Imperva, Inc.
IMPV
+$70.2M
5
MBFI
MB Financial Corp
MBFI
+$55.6M

Sector Composition

Rank Sector Weight
1 Technology 18.68%
2 Communication Services 14.16%
3 Materials 9.72%
4 Industrials 5.96%
5 Financials 5.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZAYO
101
PUT
DELISTED
Zayo Group Holdings, Inc.
ZAYO
$43K ﹤0.01%
49,300
+23,300
+90% +$618K
DXC icon
102
DXC Technology
DXC
$1.73B
$42K ﹤0.01%
+650
New +$41.6K
ENTG icon
103
Entegris
ENTG
$23.2B
$36K ﹤0.01%
+1,000
New +$33.3K
SPY icon
104
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$36K ﹤0.01%
+30,000
New +$8.15M
ELAN icon
105
Elanco Animal Health
ELAN
$11.1B
$27K ﹤0.01%
+846
New +$26K
QEP
106
CALL
DELISTED
QEP RESOURCES, INC.
QEP
$26K ﹤0.01%
+95,600
New +$763K
SYNA icon
107
Synaptics
SYNA
$4.15B
$24K ﹤0.01%
+600
New +$23.7K
QQQ icon
108
PUT
Invesco QQQ Trust
QQQ
$484B
$20K ﹤0.01%
+30,000
New +$5.09M
RAMP icon
109
PUT
LiveRamp
RAMP
$2.3B
$20K ﹤0.01%
+7,600
New +$377K
OEF icon
110
PUT
iShares S&P 100 ETF
OEF
$20.6B
$10K ﹤0.01%
+3,000
New +$361K
ORCL icon
111
Oracle
ORCL
$423B
$8K ﹤0.01%
+143
New +$7.29K
RAMP icon
112
CALL
LiveRamp
RAMP
$2.3B
$7K ﹤0.01%
+2,000
New +$99.1K
LABL
113
CALL
DELISTED
Multi-Color Corp
LABL
$7K ﹤0.01%
+9,200
New +$430K
MFGP
114
CALL
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
$6K ﹤0.01%
+744
New +$19.8K
CELG
115
PUT
DELISTED
Celgene Corp
CELG
$5K ﹤0.01%
+6,900
New +$603K
GG.WS.A
116
PUT
DELISTED
GOLDCORP INC SERIES A WARRANTS EXP 5/30/2007
GG.WS.A
$4K ﹤0.01%
+64,500
New +$4K
MITK icon
117
PUT
Mitek Systems
MITK
$835M
$3K ﹤0.01%
+12,000
New +$135K
BMY icon
118
CALL
Bristol-Myers Squibb
BMY
$132B
$2K ﹤0.01%
+5,200
New +$259K
AXTA icon
119
PUT
Axalta
AXTA
$8.17B
$1K ﹤0.01%
+1,400
New +$36K
PZZA icon
120
PUT
Papa John's
PZZA
$806M
$1K ﹤0.01%
33,000
-55,200
-63% -$2.44M
AIMC
121
PUT
DELISTED
Altra Industrial Motion Corp
AIMC
$1K ﹤0.01%
+2,800
New +$84.9K
AVYA
122
PUT
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
$1K ﹤0.01%
+800
New +$12.5K
LOGM
123
CALL
DELISTED
LogMein, Inc.
LOGM
$1K ﹤0.01%
+700
New +$59.8K
ARLO icon
124
CALL
Arlo Technologies
ARLO
$1.65B
– –
-10,000
Closed -$3K
COHR icon
125
Coherent
COHR
$74.2B
– –
-20,052
Closed -$651K
3 4
5
6 7

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Water Island Capital's Q1 2019 Portfolio in Review

As of Q1 2019, Water Island Capital held 190 positions worth $2B, up 49% from $1.34B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Water Island Capital deployed $562M of net new capital in Q1 2019, opening 81 new positions and adding to 28 existing holdings. Its largest new stake was First Data Corporation: 3,381,262 shares worth $88.8M.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Communication Services and Materials.

On the sell side, the largest reduction was Upbound Group, an estimated $35.6M trimmed.

  • Water Island Capital's largest Q1 2019 buy was First Data Corporation: 3,381,262 shares worth $88.8M.
  • Water Island Capital added most to L3 Technologies, Inc. in Q1 2019, an estimated $78M increase.
  • Water Island Capital's biggest Q1 2019 reduction was Upbound Group, cutting an estimated $35.6M.
  • Water Island Capital fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $135M.
  • Water Island Capital's ten largest holdings make up 44% of its $2B portfolio in Q1 2019.
  • Water Island Capital opened 81 new positions and closed 47 in Q1 2019.
  • Water Island Capital's portfolio value rose 49% quarter-over-quarter to $2B.

Based on Water Island Capital's 13F filing for Q1 2019, filed 3 May 2019.