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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
+22.82%
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
$1.27B
AUM Growth
+$28.2M
Cap. Flow
-$41.5M
Cap. Flow %
-3.28%
Top 10 Hldgs %
48.61%
Holding
121
New
33
Increased
18
Reduced
9
Closed
46

Top Buys

Rank Stock Value
1
DCP
DCP Midstream, LP
DCP
+$57.9M
2
XM
Qualtrics International Inc. Class A Common Stock
XM
+$44.4M
3
UNVR
Univar Solutions Inc.
UNVR
+$43.2M
4
SUMO
Sumo Logic, Inc. Common Stock
SUMO
+$42.2M
5
FOCS
Focus Financial Partners Inc. Class A
FOCS
+$33.3M

Top Sells

Rank Stock Value
1
STOR
STORE Capital Corporation
STOR
+$56.9M
2
SJI
South Jersey Industries, Inc.
SJI
+$55.3M
3
SWIR
Sierra Wireless
SWIR
+$53.5M
4
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
+$43.4M
5
LHCG
LHC Group LLC
LHCG
+$42.3M

Sector Composition

Rank Sector Weight
1 Technology 29.45%
2 Communication Services 12.6%
3 Healthcare 11.58%
4 Financials 8.49%
5 Industrials 7.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VIVO
101
CALL
DELISTED
Meridian Bioscience Inc
VIVO
– –
-150,000
Closed -$4.98M
PFHD
102
DELISTED
Professional Holding Corp. Class A Common stock
PFHD
– –
-22,344
Closed -$620K
BNFT
103
DELISTED
Benefitfocus, Inc.
BNFT
– –
-777,804
Closed -$8.14M
USER
104
CALL
DELISTED
UserTesting, Inc.
USER
– –
-175,900
Closed -$1.32M
USER
105
DELISTED
UserTesting, Inc.
USER
– –
-3,157,503
Closed -$23.7M
SWIR
106
DELISTED
Sierra Wireless
SWIR
– –
-1,843,762
Closed -$53.5M
IMGO
107
DELISTED
Imago BioSciences, Inc. Common stock
IMGO
– –
-233,522
Closed -$8.4M
POSH
108
DELISTED
Poshmark, Inc. Class A Common Stock
POSH
– –
-109,328
Closed -$1.95M
SPNE
109
DELISTED
SeaSpine Holdings Corporation Common Stock
SPNE
– –
-56,031
Closed -$468K
AVEO
110
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
– –
-698,915
Closed -$10.4M
COWN
111
DELISTED
Cowen Inc. Class A Common Stock
COWN
– –
-33,226
Closed -$1.28M
AAWW
112
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
– –
-431,050
Closed -$43.4M
1 2 3 4
5

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Water Island Capital's Q1 2023 Portfolio in Review

As of Q1 2023, Water Island Capital held 121 positions worth $1.27B, up 2.3% from $1.24B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Water Island Capital withdrew a net $41.5M in Q1 2023, closing 46 positions and reducing 9 holdings. Its most notable exit was STORE Capital Corporation, an estimated $56.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 26% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Water Island Capital opened a new position in DCP Midstream, LP worth $58M.

  • Water Island Capital's largest Q1 2023 buy was DCP Midstream, LP: 1,391,204 shares worth $58M.
  • Water Island Capital added most to Momentive Global Inc. Common Stock in Q1 2023, an estimated $28.5M increase.
  • Water Island Capital's biggest Q1 2023 reduction was iRobot, cutting an estimated $13.7M.
  • Water Island Capital fully exited STORE Capital Corporation in Q1 2023, selling an estimated $56.9M.
  • Water Island Capital's ten largest holdings make up 49% of its $1.27B portfolio in Q1 2023.
  • Water Island Capital opened 33 new positions and closed 46 in Q1 2023.
  • Water Island Capital's portfolio value rose 2.3% quarter-over-quarter to $1.27B.

Based on Water Island Capital's 13F filing for Q1 2023, filed 25 May 2023.