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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
+19.44%
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
$1.81B
AUM Growth
+$74.1M
Cap. Flow
-$55.5M
Cap. Flow %
-3.06%
Top 10 Hldgs %
55.37%
Holding
127
New
56
Increased
16
Reduced
11
Closed
31

Top Buys

Rank Stock Value
1
WTW icon
Willis Towers Watson
WTW
+$139M
2
ROG icon
Rogers Corp
ROG
+$75.9M
3
CONE
CyrusOne Inc Common Stock
CONE
+$73.9M
4
VG
Vonage Holdings Corporation
VG
+$45.9M
5
CERN
Cerner Corp
CERN
+$43.2M

Top Sells

Rank Stock Value
1
WLFC icon
Willis Lease Finance
WLFC
+$138M
2
KSU
Kansas City Southern
KSU
+$123M
3
PPD
PPD, Inc. Common Stock
PPD
+$102M
4
FIVN icon
FIVE9
FIVN
+$101M
5
HRC
HILL-ROM HOLDINGS, INC.
HRC
+$52.6M

Sector Composition

Rank Sector Weight
1 Technology 23.95%
2 Communication Services 13.24%
3 Industrials 11.98%
4 Financials 10.34%
5 Healthcare 4.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CXP
101
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
– –
-1,718,772
Closed -$32.7M
DSPG
102
DELISTED
DSP Group Inc
DSPG
– –
-1,193,259
Closed -$26.1M
CVA
103
DELISTED
Covanta Holding Corporation
CVA
– –
-1,665,163
Closed -$33.5M
INOV
104
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
– –
-644,922
Closed -$26M
ECHO
105
DELISTED
Echo Global Logistics, Inc.
ECHO
– –
-322,703
Closed -$15.4M
XLRN
106
CALL
DELISTED
Acceleron Pharma
XLRN
– –
-73,000
Closed -$66K
XLRN
107
DELISTED
Acceleron Pharma
XLRN
– –
-89,140
Closed -$15.3M
TRIL
108
CALL
DELISTED
Trillium Therapeutics Inc.
TRIL
– –
-273,200
Closed -$7K
TRIL
109
DELISTED
Trillium Therapeutics Inc.
TRIL
– –
-423,290
Closed -$7.43M
KDMN
110
DELISTED
Kadmon Holdings, Inc.
KDMN
– –
-20,534
Closed -$179K
MDLA
111
DELISTED
Medallia, Inc.
MDLA
– –
-1,154,515
Closed -$39.1M
SCR
112
DELISTED
Score Media and Gaming Inc. Class A Subordinate Voting Shares
SCR
– –
-195,861
Closed -$6.7M
CSOD
113
DELISTED
Cornerstone OnDemand, Inc.
CSOD
– –
-798,143
Closed -$45.7M
VER
114
DELISTED
VEREIT, Inc.
VER
– –
-5,132
Closed -$232K
UFS
115
DELISTED
DOMTAR CORPORATION (New)
UFS
– –
-9,953
Closed -$543K
QADA
116
DELISTED
QAD Inc.
QADA
– –
-239,336
Closed -$20.9M
STMP
117
DELISTED
Stamps.com, Inc.
STMP
– –
-3,308
Closed -$1.09M
1 2 3 4
5

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Water Island Capital's Q4 2021 Portfolio in Review

As of Q4 2021, Water Island Capital held 127 positions worth $1.81B, up 4.3% from $1.74B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Water Island Capital withdrew a net $55.5M in Q4 2021, closing 31 positions and reducing 11 holdings. Its most notable exit was Willis Lease Finance, an estimated $138M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 20% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Water Island Capital opened a new position in Willis Towers Watson worth $139M.

  • Water Island Capital's largest Q4 2021 buy was Willis Towers Watson: 585,714 shares worth $139M.
  • Water Island Capital added most to Athene Holding Ltd. Class A Common Shares in Q4 2021, an estimated $11.7M increase.
  • Water Island Capital's biggest Q4 2021 reduction was FIVE9, cutting an estimated $101M.
  • Water Island Capital fully exited Willis Lease Finance in Q4 2021, selling an estimated $138M.
  • Water Island Capital's ten largest holdings make up 55% of its $1.81B portfolio in Q4 2021.
  • Water Island Capital opened 56 new positions and closed 31 in Q4 2021.
  • Water Island Capital's portfolio value rose 4.3% quarter-over-quarter to $1.81B.

Based on Water Island Capital's 13F filing for Q4 2021, filed 14 Feb 2022.