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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
+24.61%
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
$1.43B
AUM Growth
-$174M
Cap. Flow
-$324M
Cap. Flow %
-22.6%
Top 10 Hldgs %
69.7%
Holding
121
New
41
Increased
10
Reduced
8
Closed
55

Top Buys

Rank Stock Value
1
AXE
Anixter International Inc
AXE
+$64.2M
2
MDCO
Medicines Co
MDCO
+$64.2M
3
TIF
Tiffany & Co.
TIF
+$54.2M
4
WCG
Wellcare Health Plans, Inc.
WCG
+$46.7M
5
LPT
Liberty Property Trust
LPT
+$40.8M

Top Sells

Rank Stock Value
1
CELG
Celgene Corp
CELG
+$156M
2
STI
SunTrust Banks, Inc.
STI
+$126M
3
BPL
Buckeye Partners, L.P.
BPL
+$108M
4
MDSO
Medidata Solutions, Inc.
MDSO
+$82.4M
5
ISCA
International Speedway Corp
ISCA
+$51.4M

Sector Composition

Rank Sector Weight
1 Healthcare 14.02%
2 Industrials 13.95%
3 Technology 10.78%
4 Consumer Discretionary 9.19%
5 Financials 3.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCRN
101
DELISTED
Milacron Holdings Corp.
MCRN
– –
-2,688,005
Closed -$44.8M
DOVA
102
DELISTED
Dova Pharmaceuticals, Inc. Common Stock
DOVA
– –
-140,000
Closed -$3.91M
BPL
103
DELISTED
Buckeye Partners, L.P.
BPL
– –
-2,634,740
Closed -$108M
LTXB
104
DELISTED
LegacyTexas Financial Group Inc
LTXB
– –
-504,904
Closed -$22M
UBNK
105
DELISTED
United Financial Bancorp, Inc.
UBNK
– –
-1,509,249
Closed -$20.6M
CVRS
106
DELISTED
CORINDUS VASCULAR ROBOTICS, INC
CVRS
– –
-2,290,735
Closed -$9.8M
MDSO
107
DELISTED
Medidata Solutions, Inc.
MDSO
– –
-900,726
Closed -$82.4M
ALDR
108
DELISTED
Alder Biopharmaceuticals
ALDR
– –
-505,250
Closed -$9.53M
ISCA
109
DELISTED
International Speedway Corp
ISCA
– –
-1,140,991
Closed -$51.4M
NCI
110
DELISTED
Navigant Consulting, Inc.
NCI
– –
-1,481,220
Closed -$41.4M
TYPE
111
DELISTED
Monotype Imaging Holdings Inc.
TYPE
– –
-1,644,786
Closed -$32.6M
CBLK
112
DELISTED
Carbon Black, Inc. Common Stock
CBLK
– –
-1,106,000
Closed -$28.7M
BID
113
DELISTED
Sotheby's
BID
– –
-659,419
Closed -$37.6M
NLSN
114
CALL
DELISTED
Nielsen Holdings plc
NLSN
– –
-45,000
Closed -$41K
CELG
115
DELISTED
Celgene Corp
CELG
– –
-1,568,238
Closed -$156M
GCI
116
DELISTED
Gannett Co., Inc
GCI
– –
-1,277,942
Closed -$13.7M
1 2 3 4
5

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BFFIM
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Water Island Capital's Q4 2019 Portfolio in Review

As of Q4 2019, Water Island Capital held 121 positions worth $1.43B, down 11% from $1.61B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Water Island Capital withdrew a net $324M in Q4 2019, closing 55 positions and reducing 8 holdings. Its most notable exit was Celgene Corp, an estimated $156M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 14% of assets, down from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Water Island Capital opened a new position in Anixter International Inc worth $73M.

  • Water Island Capital's largest Q4 2019 buy was Anixter International Inc: 793,070 shares worth $73M.
  • Water Island Capital added most to Wellcare Health Plans, Inc. in Q4 2019, an estimated $46.7M increase.
  • Water Island Capital's biggest Q4 2019 reduction was Mellanox Technologies, Ltd., cutting an estimated $18.2M.
  • Water Island Capital fully exited Celgene Corp in Q4 2019, selling an estimated $156M.
  • Water Island Capital's ten largest holdings make up 70% of its $1.43B portfolio in Q4 2019.
  • Water Island Capital opened 41 new positions and closed 55 in Q4 2019.
  • Water Island Capital's portfolio value fell 11% quarter-over-quarter to $1.43B.

Based on Water Island Capital's 13F filing for Q4 2019, filed 11 Feb 2020.