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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
+12.74%
1 Year Est. Return
+107.59%
3 Year Est. Return
+414.38%
5 Year Est. Return
+1,508.69%
10 Year Est. Return
+23,520.55%
AUM
$1.99B
AUM Growth
-$495M
Cap. Flow
-$424M
Cap. Flow %
-21.34%
Top 10 Hldgs %
49.49%
Holding
162
New
62
Increased
16
Reduced
21
Closed
58

Top Buys

Rank Stock Value
1
PCP
PRECISION CASTPARTS CORP
PCP
+$125M
2
CB
CHUBB CORPORATION
CB
+$114M
3
CYT
CYTEC INDS INC
CYT
+$94.9M
4
THOR
THORATEC CORPORATION
THOR
+$89.7M
5
SYA
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
+$72.6M

Top Sells

Rank Stock Value
1
DTV
DIRECTV COM STK (DE)
DTV
+$218M
2
HSP
HOSPIRA INC
HSP
+$171M
3
MWV
MEADWESTVACO CORP
MWV
+$169M
4
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
+$140M
5
INFA
INFORMATICA CORP
INFA
+$96.5M

Sector Composition

Rank Sector Weight
1 Financials 22.47%
2 Industrials 12.32%
3 Energy 9.57%
4 Communication Services 6.41%
5 Materials 5.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PRE
1
DELISTED
PARTNERRE LTD
PRE
$149M 7.51%
1,074,353
+343,050
+47% +$46.9M
PCP
2
DELISTED
PRECISION CASTPARTS CORP
PCP
$134M 6.73%
+581,805
New +$125M
CB
3
DELISTED
CHUBB CORPORATION
CB
$114M 5.76%
+932,512
New +$114M
SIAL
4
DELISTED
SIGMA - ALDRICH CORP
SIAL
$102M 5.13%
733,742
+41,906
+6% +$5.85M
CYT
5
DELISTED
CYTEC INDS INC
CYT
$100M 5.06%
+1,359,981
New +$94.9M
THOR
6
DELISTED
THORATEC CORPORATION
THOR
$95.6M 4.81%
+1,510,667
New +$89.7M
SYA
7
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
$80.3M 4.04%
+2,537,282
New +$72.6M
IPCM
8
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
$72.8M 3.67%
+937,316
New +$66M
KYTH
9
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
$67.3M 3.39%
897,702
+63,318
+8% +$4.73M
TRAK
10
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
$67.2M 3.39%
1,064,519
-293,984
-22% -$18.4M
HCC
11
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
$61.8M 3.11%
797,950
+385,650
+94% +$29.8M
CNW
12
DELISTED
CON-WAY INC.
CNW
$50.8M 2.56%
+1,071,630
New +$42M
CAM
13
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
$48.3M 2.43%
+787,368
New +$43.4M
WPZ
14
DELISTED
Williams Partners L.P.
WPZ
$47M 2.36%
1,470,977
-573,006
-28% -$24M
BEE
15
DELISTED
STRATEGIC HOTELS & RESORTS, INC
BEE
$44.8M 2.26%
+3,250,000
New +$44.1M
TWC
16
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$44.8M 2.26%
+249,693
New +$46.6M
WMB icon
17
Williams Companies
WMB
$90.5B
$44.5M 2.24%
1,206,589
+924,760
+328% +$46.1M
XOOM
18
DELISTED
XOOM CORP COM
XOOM
$41.8M 2.1%
+1,679,846
New +$41.7M
BRCM
19
DELISTED
BROADCOM CORP CL-A
BRCM
$41.2M 2.07%
800,639
+17,848
+2% +$918K
SFG
20
DELISTED
STANCORP FINL GRP
SFG
$40.6M 2.04%
+355,258
New +$37.2M
ZU
21
DELISTED
ZULILY INC CLASS A COMMON STOCK
ZU
$40.5M 2.04%
+2,329,295
New +$36.1M
HILL
22
DELISTED
DOT HILL SYSTEMS CORP
HILL
$38.3M 1.93%
+3,936,717
New +$30.4M
REMY
23
DELISTED
REMY INTL INC NEW COMMON
REMY
$31.1M 1.57%
+1,064,207
New +$30.3M
MRGE
24
DELISTED
MERGE HEALTHCARE INC COM STK (WI)
MRGE
$26M 1.31%
+3,656,956
New +$23.1M
NPBC
25
DELISTED
NATL PENN BANCSHARES INC
NPBC
$22.8M 1.15%
+1,936,382
New +$22.2M
1
2 3 4 5

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Water Island Capital's Q3 2015 Portfolio in Review

As of Q3 2015, Water Island Capital held 162 positions worth $1.99B, down 20% from $2.48B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Water Island Capital withdrew a net $424M in Q3 2015, closing 58 positions and reducing 21 holdings. Its most notable exit was DIRECTV COM STK (DE), an estimated $218M position sold in full.

By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 5.5% a quarter earlier, followed by Industrials and Energy.

Against the trend, Water Island Capital opened a new position in PRECISION CASTPARTS CORP worth $134M.

  • Water Island Capital's largest Q3 2015 buy was PRECISION CASTPARTS CORP: 581,805 shares worth $134M.
  • Water Island Capital added most to PARTNERRE LTD in Q3 2015, an estimated $46.9M increase.
  • Water Island Capital's biggest Q3 2015 reduction was Williams Partners L.P., cutting an estimated $24M.
  • Water Island Capital fully exited DIRECTV COM STK (DE) in Q3 2015, selling an estimated $218M.
  • Water Island Capital's ten largest holdings make up 49% of its $1.99B portfolio in Q3 2015.
  • Water Island Capital opened 62 new positions and closed 58 in Q3 2015.
  • Water Island Capital's portfolio value fell 20% quarter-over-quarter to $1.99B.

Based on Water Island Capital's 13F filing for Q3 2015, filed 13 Nov 2015.