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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
+9.24%
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
$1.62B
AUM Growth
-$490M
(-23%)
Cap. Flow
-$530M
Cap. Flow
% of AUM
-32.65%
Top 10 Holdings %
Top 10 Hldgs %
53.52%
Holding
154
New
49
Increased
22
Reduced
11
Closed
64
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXP Semiconductors
NXPI
|
+$60.2M |
| 2 |
BSFT
BroadSoft, Inc.
BSFT
|
+$44.2M |
| 3 |
HSNI
HSN, Inc.
HSNI
|
+$43.3M |
| 4 |
BOBE
Bob Evans Farms, Inc.
BOBE
|
+$41.3M |
| 5 |
AAAP
Advanced Accelerator Applications S.A.
AAAP
|
+$32.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BCR
CR Bard Inc.
BCR
|
+$145M |
| 2 |
PRXL
Parexel International Corp
PRXL
|
+$132M |
| 3 |
VWR
VWR Corporation
VWR
|
+$84.7M |
| 4 |
FIG
Fortress Investment Group Llc
FIG
|
+$83.7M |
| 5 |
AF
Astoria Financial Corporation
AF
|
+$77.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.5% |
| 2 | Communication Services | 14.88% |
| 3 | Consumer Discretionary | 11.33% |
| 4 | Utilities | 6.42% |
| 5 | Healthcare | 5.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NXP Semiconductors
NXPI
$68B
| $225M | 13.84% |
1,917,708
+521,200
| +37% | +$60.2M |
|
|
TWX
2
PUT
DELISTED
Time Warner Inc
TWX
| $89.3M | 5.5% |
+1,050,000
| New | +$99.2M |
|
|
TWX
3
DELISTED
Time Warner Inc
TWX
| $86.8M | 5.35% |
948,759
-398,113
| -30% | -$37.6M |
|
|
CPN
4
DELISTED
Calpine Corporation
CPN
| $84.8M | 5.23% |
5,606,415
+2,149,265
| +62% | +$32.2M |
|
|
COL
5
DELISTED
Rockwell Collins
COL
| $73.6M | 4.53% |
542,432
+136,532
| +34% | +$18.3M |
|
|
TRCO
6
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $72M | 4.44% |
1,694,831
+659,725
| +64% | +$27.2M |
|
|
HSNI
7
DELISTED
HSN, Inc.
HSNI
| $60.8M | 3.74% |
1,505,902
+1,094,037
| +266% | +$43.3M |
|
|
OA
8
DELISTED
Orbital ATK, Inc.
OA
| $60.2M | 3.71% |
458,098
+198,204
| +76% | +$26.3M |
|
|
MON
9
DELISTED
Monsanto Co
MON
| $59.6M | 3.67% |
510,513
+79,000
| +18% | +$9.4M |
|
|
STRP
10
DELISTED
Straight Path Communications Inc.
STRP
| $57.1M | 3.52% |
313,903
+53,057
| +20% | +$9.63M |
|
|
BOBE
11
DELISTED
Bob Evans Farms, Inc.
BOBE
| $53.5M | 3.29% |
678,169
+531,626
| +363% | +$41.3M |
|
|
BSFT
12
DELISTED
BroadSoft, Inc.
BSFT
| $44.5M | 2.74% |
+811,151
| New | +$44.2M |
|
|
IXYS
13
DELISTED
IXYS Corp
IXYS
| $43.8M | 2.7% |
1,829,429
+856,751
| +88% | +$20.7M |
|
|
CCC
14
DELISTED
Calgon Carbon Corp
CCC
| $35.2M | 2.17% |
1,653,315
+403,315
| +32% | +$8.66M |
|
|
AAAP
15
DELISTED
Advanced Accelerator Applications S.A.
AAAP
| $34.2M | 2.11% |
+418,800
| New | +$32.5M |
|
|
CUDA
16
DELISTED
Barracuda Networks, Inc.
CUDA
| $32.3M | 1.99% |
+1,174,696
| New | +$29.1M |
|
|
BWLD
17
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $28.2M | 1.74% |
+180,585
| New | +$23.8M |
|
|
AET
18
DELISTED
Aetna Inc
AET
| $27.2M | 1.68% |
150,787
+104,337
| +225% | +$17.9M |
|
|
EXAC
19
DELISTED
Exactech Inc
EXAC
| $26.8M | 1.65% |
+541,395
| New | +$22.9M |
|
|
CAA
20
DELISTED
CalAtlantic Group, Inc.
CAA
| $26.8M | 1.65% |
+474,626
| New | +$23.2M |
|
|
21
PUT
NXP Semiconductors
NXPI
$68B
| $26.2M | 1.61% |
+227,400
| New | +$26.3M |
|
|
BGC
22
DELISTED
General Cable Corporation
BGC
| $25.8M | 1.59% |
870,148
+670,148
| +335% | +$15.8M |
|
|
NXTM
23
DELISTED
NxStage Medical Inc.
NXTM
| $19.5M | 1.2% |
804,146
-49,072
| -6% | -$1.29M |
|
|
WR
24
DELISTED
Westar Energy Inc
WR
| $19.4M | 1.2% |
367,900
-340,168
| -48% | -$18.3M |
|
|
SSNI
25
DELISTED
Silver Spring Networks, Inc.
SSNI
| $19.1M | 1.18% |
1,178,000
| – | – |
|
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Water Island Capital's Q4 2017 Portfolio in Review
As of Q4 2017, Water Island Capital held 154 positions worth $1.62B, down 23% from $2.11B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Water Island Capital withdrew a net $530M in Q4 2017, closing 64 positions and reducing 11 holdings. Its most notable exit was CR Bard Inc., an estimated $145M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 15% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Water Island Capital opened a new position in BroadSoft, Inc. worth $44.5M.
- Water Island Capital's largest Q4 2017 buy was BroadSoft, Inc.: 811,151 shares worth $44.5M.
- Water Island Capital added most to NXP Semiconductors in Q4 2017, an estimated $60.2M increase.
- Water Island Capital's biggest Q4 2017 reduction was Time Warner Inc, cutting an estimated $37.6M.
- Water Island Capital fully exited CR Bard Inc. in Q4 2017, selling an estimated $145M.
- Water Island Capital's ten largest holdings make up 54% of its $1.62B portfolio in Q4 2017.
- Water Island Capital opened 49 new positions and closed 64 in Q4 2017.
- Water Island Capital's portfolio value fell 23% quarter-over-quarter to $1.62B.
Based on Water Island Capital's 13F filing for Q4 2017, filed 13 Feb 2018.