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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
+11.91%
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
$1.12B
AUM Growth
-$48.4M
Cap. Flow
-$122M
Cap. Flow %
-10.89%
Top 10 Hldgs %
53.06%
Holding
115
New
39
Increased
9
Reduced
20
Closed
34

Top Buys

Rank Stock Value
1
DEN
Denbury Inc.
DEN
+$47.6M
2
NEWR
New Relic, Inc.
NEWR
+$34.2M
3
CPRI icon
Capri Holdings
CPRI
+$32.6M
4
ABCM
Abcam PLC
ABCM
+$32.6M
5
AVID
Avid Technology Inc
AVID
+$31.5M

Top Sells

Rank Stock Value
1
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$62.9M
2
UNVR
Univar Solutions Inc.
UNVR
+$53M
3
CIR
CIRCOR International, Inc
CIR
+$40.5M
4
FOCS
Focus Financial Partners Inc. Class A
FOCS
+$35.2M
5
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
+$31.7M

Sector Composition

Rank Sector Weight
1 Technology 29.05%
2 Healthcare 16.97%
3 Consumer Staples 8.05%
4 Energy 7.49%
5 Financials 5.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ISEE
101
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
– –
-503,196
Closed -$19.8M
VECT
102
DELISTED
VectivBio Holding AG Ordinary Shares
VECT
– –
-939,293
Closed -$16M
DSEY
103
DELISTED
Diversey Holdings, Ltd. Ordinary Shares
DSEY
– –
-183,798
Closed -$1.54M
USX
104
DELISTED
U.S. Xpress Enterprises, Inc. Class A Common Stock
USX
– –
-56,592
Closed -$347K
HZNP
105
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-77,000
Closed -$7.92M
HZNP
106
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-356,500
Closed -$36.7M
UBA
107
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
– –
-490,811
Closed -$10.4M
1 2 3 4
5

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BFFIM
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Water Island Capital's Q3 2023 Portfolio in Review

As of Q3 2023, Water Island Capital held 115 positions worth $1.12B, down 4.1% from $1.17B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Water Island Capital withdrew a net $122M in Q3 2023, closing 34 positions and reducing 20 holdings. Its most notable exit was Aerojet Rocketdyne Holdings, an estimated $62.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Staples.

Against the trend, Water Island Capital opened a new position in Denbury Inc. worth $51.6M.

  • Water Island Capital's largest Q3 2023 buy was Denbury Inc.: 526,336 shares worth $51.6M.
  • Water Island Capital added most to Seagen Inc. Common Stock in Q3 2023, an estimated $15.9M increase.
  • Water Island Capital's biggest Q3 2023 reduction was CIRCOR International, Inc, cutting an estimated $40.5M.
  • Water Island Capital fully exited Aerojet Rocketdyne Holdings in Q3 2023, selling an estimated $62.9M.
  • Water Island Capital's ten largest holdings make up 53% of its $1.12B portfolio in Q3 2023.
  • Water Island Capital opened 39 new positions and closed 34 in Q3 2023.
  • Water Island Capital's portfolio value fell 4.1% quarter-over-quarter to $1.12B.

Based on Water Island Capital's 13F filing for Q3 2023, filed 14 Nov 2023.