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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
ACIA
126
DELISTED
Acacia Communications Inc
ACIA
– –
-903,369
Closed -$65.9M
EV
127
DELISTED
Eaton Vance Corp.
EV
– –
-1,489,383
Closed -$101M
TNAV
128
DELISTED
Telenav Inc.
TNAV
– –
-334,975
Closed -$1.57M
VRTU
129
DELISTED
Virtusa Corporation
VRTU
– –
-9,997
Closed -$511K
EIGI
130
DELISTED
Endurance International Group Holdings, Inc.
EIGI
– –
-1,414,299
Closed -$13.4M
OSB
131
DELISTED
Norbord Inc.
OSB
– –
-134,849
Closed -$5.82M
FBM
132
DELISTED
Foundation Building Materials, Inc. Common Stock
FBM
– –
-844,794
Closed -$16.2M
PRVL
133
DELISTED
Prevail Therapeutics Inc. Common Stock
PRVL
– –
-94,608
Closed -$2.18M
CXO
134
DELISTED
CONCHO RESOURCES INC.
CXO
– –
-714,135
Closed -$41.7M
PE
135
DELISTED
PARSLEY ENERGY INC
PE
– –
-862,009
Closed -$12.2M
WPX
136
DELISTED
WPX Energy, Inc.
WPX
– –
-1,041,500
Closed -$8.49M
TIF
137
DELISTED
Tiffany & Co.
TIF
– –
-8,632
Closed -$1.14M
BMY.RT
138
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
– –
-1,241,843
Closed -$857K
BMCH
139
DELISTED
BMC Stock Holdings, Inc
BMCH
– –
-476,970
Closed -$25.6M
NGHC
140
DELISTED
National General Holdings Corp
NGHC
– –
-2,478,615
Closed -$84.7M
BEAT
141
CALL
DELISTED
BioTelemetry, Inc.
BEAT
– –
-321,300
Closed -$48K
BEAT
142
DELISTED
BioTelemetry, Inc.
BEAT
– –
-218,471
Closed -$15.7M
CBB
143
DELISTED
Cincinnati Bell Inc.
CBB
– –
-1,607,034
Closed -$24.6M
CIT
144
DELISTED
CIT Group Inc.
CIT
– –
-631,528
Closed -$22.7M
RESI
145
DELISTED
Front Yard Residential Corporation Common Stock
RESI
– –
-1,354,568
Closed -$21.9M
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.