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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
+15.8%
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
$1.57B
AUM Growth
-$444M
Cap. Flow
-$467M
Cap. Flow %
-29.68%
Top 10 Hldgs %
52.86%
Holding
223
New
68
Increased
36
Reduced
22
Closed
83

Top Buys

Rank Stock Value
1
N
Netsuite Inc
N
+$70M
2
ITC
ITC HOLDINGS CORP
ITC
+$67M
3
CST
CST Brands, Inc.
CST
+$54.5M
4
LNKD
LinkedIn Corporation
LNKD
+$49.7M
5
WWAV
The WhiteWave Foods Company
WWAV
+$39.1M

Top Sells

Rank Stock Value
1
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
+$165M
2
GAS
AGL Resources Inc
GAS
+$158M
3
FMER
FIRSTMERIT CORP
FMER
+$79.9M
4
QLIK
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
+$77.5M
5
TE
TECO ENERGY INC
TE
+$69M

Sector Composition

Rank Sector Weight
1 Technology 16.64%
2 Communication Services 11.43%
3 Healthcare 9.58%
4 Materials 8.97%
5 Energy 7.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HOT
201
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
– –
-2,226,532
Closed -$165M
SCTY
202
DELISTED
SolarCity Corporation
SCTY
– –
-1,400
Closed -$34K
MDVN
203
DELISTED
MEDIVATION, INC.
MDVN
– –
-20,000
Closed -$1.21M
PLCM
204
DELISTED
POLYCOM INC
PLCM
– –
-400,000
Closed -$4.5M
QLIK
205
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
– –
-2,619,550
Closed -$77.5M
KKD
206
CALL
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
– –
-13,600
Closed -$1K
KKD
207
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
– –
-1,165,978
Closed -$24.4M
DWRE
208
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
– –
-872,551
Closed -$65.4M
DWRE
209
PUT
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
– –
-123,000
Closed -$6K
GAS
210
DELISTED
AGL Resources Inc
GAS
– –
-2,398,438
Closed -$158M
TIVO
211
DELISTED
TIVO INC
TIVO
– –
-6,265,836
Closed -$62M
5 6 7 8
9

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Water Island Capital's Q3 2016 Portfolio in Review

As of Q3 2016, Water Island Capital held 223 positions worth $1.57B, down 22% from $2.02B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Water Island Capital withdrew a net $467M in Q3 2016, closing 83 positions and reducing 22 holdings. Its most notable exit was STARWOOD HOTELS & RESORTS WORLDWIDE, INC., an estimated $165M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 11% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Water Island Capital opened a new position in Netsuite Inc worth $76.9M.

  • Water Island Capital's largest Q3 2016 buy was Netsuite Inc: 694,510 shares worth $76.9M.
  • Water Island Capital added most to ITC HOLDINGS CORP in Q3 2016, an estimated $67M increase.
  • Water Island Capital's biggest Q3 2016 reduction was Hewlett Packard, cutting an estimated $8.06M.
  • Water Island Capital fully exited STARWOOD HOTELS & RESORTS WORLDWIDE, INC. in Q3 2016, selling an estimated $165M.
  • Water Island Capital's ten largest holdings make up 53% of its $1.57B portfolio in Q3 2016.
  • Water Island Capital opened 68 new positions and closed 83 in Q3 2016.
  • Water Island Capital's portfolio value fell 22% quarter-over-quarter to $1.57B.

Based on Water Island Capital's 13F filing for Q3 2016, filed 17 Nov 2016.