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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
+20.28%
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
$1.64B
AUM Growth
+$222M
Cap. Flow
+$227M
Cap. Flow %
13.84%
Top 10 Hldgs %
48.06%
Holding
151
New
49
Increased
10
Reduced
28
Closed
55

Top Buys

Rank Stock Value
1
COHR
Coherent Inc
COHR
+$72.4M
2
CHNG
Change Healthcare Inc. Common Stock
CHNG
+$61.5M
3
INFO
IHS Markit Ltd. Common Shares
INFO
+$54.5M
4
EGOV
NIC Inc
EGOV
+$54.4M
5
CUB
Cubic Corporation
CUB
+$48M

Top Sells

Rank Stock Value
1
EV
Eaton Vance Corp.
EV
+$101M
2
NGHC
National General Holdings Corp
NGHC
+$84.7M
3
TXNM
TXNM Energy Inc
TXNM
+$69.4M
4
ACIA
Acacia Communications Inc
ACIA
+$65.9M
5
CXO
CONCHO RESOURCES INC.
CXO
+$41.7M

Sector Composition

Rank Sector Weight
1 Technology 21.84%
2 Healthcare 16.95%
3 Industrials 15.01%
4 Communication Services 10.69%
5 Financials 8.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORGN
101
DELISTED
Origin Materials
ORGN
– –
-2,667
Closed -$760K
SPGI icon
102
CALL
S&P Global
SPGI
$120B
– –
-15,300
Closed -$8K
SPWH icon
103
Sportsman's Warehouse
SPWH
$46M
– –
-702,919
Closed -$12.3M
SPY icon
104
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
– –
-14,500
Closed -$81K
TGI
105
CALL
DELISTED
Triumph Group
TGI
– –
-100,000
Closed -$93K
TXNM
106
TXNM Energy Inc
TXNM
$5.94B
– –
-1,430,182
Closed -$69.4M
DNMR
107
DELISTED
Danimer Scientific, Inc.
DNMR
– –
-7,500
Closed -$7.05M
AAN
108
DELISTED
The Aaron's Company Inc
AAN
– –
-60,000
Closed -$1.14M
GOEV
109
PUT
DELISTED
Canoo Inc. Class A Common Stock
GOEV
– –
-22
Closed -$57K
PRTK
110
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
– –
-78,859
Closed -$494K
RMO
111
CALL
DELISTED
Romeo Power, Inc.
RMO
– –
-75,000
Closed -$109K
RMO
112
DELISTED
Romeo Power, Inc.
RMO
– –
-300,000
Closed -$6.75M
RMO
113
PUT
DELISTED
Romeo Power, Inc.
RMO
– –
-20,000
Closed -$234K
FST.U
114
DELISTED
FAST Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
FST.U
– –
-245,566
Closed -$2.7M
FUSE.U
115
DELISTED
Fusion Acquisition Corp. Units, each consisting of one share of Class A common stock, $0.0001 par va
FUSE.U
– –
-200,000
Closed -$2.47M
RSVAU
116
DELISTED
Rodgers Silicon Valley Acquisition Corp. Unit
RSVAU
– –
-75,000
Closed -$1M
WPF
117
DELISTED
Foley Trasimene Acquisition Corp.
WPF
– –
-106,668
Closed -$1.08M
THBR
118
DELISTED
Thunder Bridge Acquisition II, Ltd. Class A Ordinary Shares
THBR
– –
-120,000
Closed -$1.59M
CLGX
119
DELISTED
Corelogic, Inc.
CLGX
– –
-18,500
Closed -$1.47M
ATAC.U
120
DELISTED
Altimar Acquisition Corp Units
ATAC.U
– –
-140,004
Closed -$1.69M
PRSP
121
CALL
DELISTED
Perspecta Inc. Common Stock
PRSP
– –
-20,000
Closed -$38K
VAR
122
DELISTED
Varian Medical Systems, Inc.
VAR
– –
-50,263
Closed -$8.8M
HMSY
123
DELISTED
HMS Holdings Corp.
HMSY
– –
-569,531
Closed -$20.9M
OXFD
124
DELISTED
Oxford Immunotec Global PLC Ordinary Shares
OXFD
– –
-64,400
Closed -$1.13M
PRGX
125
DELISTED
PRGX Global, Inc.
PRGX
– –
-513,434
Closed -$3.92M
2 3 4
5
6

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Water Island Capital's Q1 2021 Portfolio in Review

As of Q1 2021, Water Island Capital held 151 positions worth $1.64B, up 16% from $1.42B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Water Island Capital deployed $227M of net new capital in Q1 2021, opening 49 new positions and adding to 10 existing holdings. Its largest new stake was Coherent Inc: 326,154 shares worth $82.5M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 17% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Watford Holdings Ltd. Common Shares, an estimated $28.9M trimmed.

  • Water Island Capital's largest Q1 2021 buy was Coherent Inc: 326,154 shares worth $82.5M.
  • Water Island Capital added most to IHS Markit Ltd. Common Shares in Q1 2021, an estimated $54.5M increase.
  • Water Island Capital's biggest Q1 2021 reduction was Watford Holdings Ltd. Common Shares, cutting an estimated $28.9M.
  • Water Island Capital fully exited Eaton Vance Corp. in Q1 2021, selling an estimated $101M.
  • Water Island Capital's ten largest holdings make up 48% of its $1.64B portfolio in Q1 2021.
  • Water Island Capital opened 49 new positions and closed 55 in Q1 2021.
  • Water Island Capital's portfolio value rose 16% quarter-over-quarter to $1.64B.

Based on Water Island Capital's 13F filing for Q1 2021, filed 13 May 2021.