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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
+7.08%
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
$1.52B
AUM Growth
-$350M
(-19%)
Cap. Flow
-$167M
Cap. Flow
% of AUM
-11.04%
Top 10 Holdings %
Top 10 Hldgs %
53.27%
Holding
188
New
71
Increased
26
Reduced
32
Closed
49
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CAM
CAMERON INTERNATIONAL CORPORATION
CAM
|
+$90.5M |
| 2 |
SNDK
SANDISK CORP
SNDK
|
+$56.1M |
| 3 |
YOKU
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
|
+$49.4M |
| 4 |
CTZ.PRA
CITIZENS FUNDING TRUST I ENHANCED TRUST PREFERRED SECS
CTZ.PRA
|
+$46.5M |
| 5 |
Centene
CNC
|
+$41.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$192M |
| 2 |
Chubb
CB
|
+$128M |
| 3 |
HNT
HEALTH NET INC
HNT
|
+$115M |
| 4 |
BMR
BIOMED REALTY TRUST INC
BMR
|
+$94M |
| 5 |
SYA
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
|
+$69.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 20.27% |
| 2 | Industrials | 15.47% |
| 3 | Communication Services | 10.88% |
| 4 | Technology | 8.88% |
| 5 | Healthcare | 5.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CAM
1
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $159M | 10.5% |
2,373,407
+1,408,156
| +146% | +$90.5M |
|
|
HPY
2
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $106M | 6.99% |
1,097,372
+293,685
| +37% | +$27M |
|
|
TWC
3
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $103M | 6.82% |
504,772
+195,795
| +63% | +$37M |
|
|
YOKU
4
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $66.2M | 4.37% |
2,406,894
+1,808,615
| +302% | +$49.4M |
|
|
SNDK
5
DELISTED
SANDISK CORP
SNDK
| $63.7M | 4.2% |
837,268
+777,468
| +1,300% | +$56.1M |
|
|
ARG
6
DELISTED
Airgas Inc
ARG
| $63.3M | 4.18% |
446,890
+246,303
| +123% | +$34.6M |
|
|
GAS
7
DELISTED
AGL Resources Inc
GAS
| $62.6M | 4.13% |
960,622
+560,722
| +140% | +$36.1M |
|
8
KLA
KLAC
$275B
| $47.8M | 3.15% |
6,565,090
+2,135,090
| +48% | +$14.4M |
|
|
CTZ.PRA
9
DELISTED
CITIZENS FUNDING TRUST I ENHANCED TRUST PREFERRED SECS
CTZ.PRA
| $46.5M | 3.07% |
2,211,329
+2,208,929
| +92,039% | +$46.5M |
|
|
10
Centene
CNC
$31.3B
| $42.6M | 2.81% |
+1,384,662
| New | +$41.3M |
|
|
CVC
11
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $39.3M | 2.59% |
+1,189,738
| New | +$38.3M |
|
|
AGN
12
DELISTED
Allergan plc
AGN
| $38.1M | 2.51% |
+142,165
| New | +$40.7M |
|
|
ITC
13
DELISTED
ITC HOLDINGS CORP
ITC
| $36.8M | 2.43% |
+845,711
| New | +$34.4M |
|
|
BXLT
14
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $34.3M | 2.26% |
+848,148
| New | +$33.6M |
|
|
NEWP
15
DELISTED
NEWPORT CORP
NEWP
| $29.9M | 1.97% |
+1,298,489
| New | +$23.7M |
|
|
TFM
16
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $28.3M | 1.87% |
+991,786
| New | +$22.7M |
|
|
ADT
17
DELISTED
ADT Corp
ADT
| $27.7M | 1.83% |
+670,449
| New | +$23.5M |
|
|
HOT
18
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $26.6M | 1.76% |
319,384
-38,492
| -11% | -$2.63M |
|
|
VAL
19
DELISTED
Valspar
VAL
| $26.6M | 1.76% |
+248,612
| New | +$20.5M |
|
|
NPBC
20
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $25.6M | 1.69% |
2,255,852
-388,274
| -15% | -$4.41M |
|
|
PNY
21
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $24.5M | 1.61% |
408,813
+144,219
| +55% | +$8.51M |
|
|
YHOO
22
DELISTED
Yahoo Inc
YHOO
| $22.8M | 1.5% |
619,009
-140,615
| -19% | -$4.4M |
|
|
STR
23
DELISTED
QUESTAR CORP
STR
| $22.4M | 1.48% |
+902,443
| New | +$20.8M |
|
|
TE
24
DELISTED
TECO ENERGY INC
TE
| $19.9M | 1.31% |
+722,312
| New | +$19.7M |
|
|
POWR
25
DELISTED
POWERSECURE INTL INC COM STK (DE)
POWR
| $19M | 1.26% |
+1,018,718
| New | +$14.5M |
|
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Water Island Capital's Q1 2016 Portfolio in Review
As of Q1 2016, Water Island Capital held 188 positions worth $1.52B, down 19% from $1.87B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Water Island Capital withdrew a net $167M in Q1 2016, closing 49 positions and reducing 32 holdings. Its most notable exit was PRECISION CASTPARTS CORP, an estimated $192M position sold in full.
By sector, the portfolio is most concentrated in Energy at 20% of assets, up from 8.2% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Water Island Capital opened a new position in Centene worth $42.6M.
- Water Island Capital's largest Q1 2016 buy was Centene: 1,384,662 shares worth $42.6M.
- Water Island Capital added most to CAMERON INTERNATIONAL CORPORATION in Q1 2016, an estimated $90.5M increase.
- Water Island Capital's biggest Q1 2016 reduction was VMware, Inc, cutting an estimated $18.4M.
- Water Island Capital fully exited PRECISION CASTPARTS CORP in Q1 2016, selling an estimated $192M.
- Water Island Capital's ten largest holdings make up 53% of its $1.52B portfolio in Q1 2016.
- Water Island Capital opened 71 new positions and closed 49 in Q1 2016.
- Water Island Capital's portfolio value fell 19% quarter-over-quarter to $1.52B.
Based on Water Island Capital's 13F filing for Q1 2016, filed 16 May 2016.