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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
+25.77%
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
$2.68B
AUM Growth
-$324M
Cap. Flow
-$121M
Cap. Flow %
-4.53%
Top 10 Hldgs %
57.35%
Holding
181
New
81
Increased
30
Reduced
14
Closed
54

Top Buys

Rank Stock Value
1
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
+$180M
2
HSP
HOSPIRA INC
HSP
+$151M
3
RVBD
RIVERBED TECHNOLOGY, INC COM
RVBD
+$122M
4
TRW
TRW AUTOMOTIVE HOLDINGS CORP
TRW
+$122M
5
PCYC
PHARMACYCLICS INC
PCYC
+$104M

Top Sells

Rank Stock Value
1
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$221M
2
TQNT
TRIQUINT SEMICONDUCTOR INC
TQNT
+$217M
3
AGN
Allergan Inc
AGN
+$215M
4
PL
PROTECTIVE LIFE CORP
PL
+$178M
5
SWY
SAFEWAY INC
SWY
+$177M

Sector Composition

Rank Sector Weight
1 Technology 14.21%
2 Consumer Discretionary 12.41%
3 Healthcare 6.97%
4 Consumer Staples 6.89%
5 Materials 6.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CY
176
DELISTED
Cypress Semiconductor
CY
– –
-287,854
Closed -$4.11M
AGN
177
DELISTED
Allergan Inc
AGN
– –
-1,013,046
Closed -$215M
4 5 6 7
8

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WP
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BFFIM
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SFM
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Water Island Capital's Q1 2015 Portfolio in Review

As of Q1 2015, Water Island Capital held 181 positions worth $2.68B, down 11% from $3B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Water Island Capital withdrew a net $121M in Q1 2015, closing 54 positions and reducing 14 holdings. Its most notable exit was COVIDIEN PLC COM SHS NEW (IRELAND), an estimated $221M position sold in full.

By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 11% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Water Island Capital opened a new position in SALIX PHARMACEUTICALS LTD DEL worth $212M.

  • Water Island Capital's largest Q1 2015 buy was SALIX PHARMACEUTICALS LTD DEL: 1,225,712 shares worth $212M.
  • Water Island Capital added most to TRW AUTOMOTIVE HOLDINGS CORP in Q1 2015, an estimated $122M increase.
  • Water Island Capital's biggest Q1 2015 reduction was DRESSER-RAND GROUP INC, cutting an estimated $66.2M.
  • Water Island Capital fully exited COVIDIEN PLC COM SHS NEW (IRELAND) in Q1 2015, selling an estimated $221M.
  • Water Island Capital's ten largest holdings make up 57% of its $2.68B portfolio in Q1 2015.
  • Water Island Capital opened 81 new positions and closed 54 in Q1 2015.
  • Water Island Capital's portfolio value fell 11% quarter-over-quarter to $2.68B.

Based on Water Island Capital's 13F filing for Q1 2015, filed 13 May 2015.