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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
+15.3%
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
$2.5B
AUM Growth
+$876M
Cap. Flow
+$805M
Cap. Flow %
32.22%
Top 10 Hldgs %
52.6%
Holding
143
New
53
Increased
23
Reduced
13
Closed
50

Top Buys

Rank Stock Value
1
CALD
Callidus Software, Inc.
CALD
+$136M
2
CSRA
CSRA Inc.
CSRA
+$126M
3
DST
DST Systems Inc.
DST
+$95.6M
4
MON
Monsanto Co
MON
+$94.7M
5
MSCC
Microsemi Corp
MSCC
+$77.2M

Top Sells

Rank Stock Value
1
TWX
Time Warner Inc
TWX
+$87.1M
2
CPN
Calpine Corporation
CPN
+$84.8M
3
HSNI
HSN, Inc.
HSNI
+$60.8M
4
STRP
Straight Path Communications Inc.
STRP
+$57.1M
5
BOBE
Bob Evans Farms, Inc.
BOBE
+$53.5M

Sector Composition

Rank Sector Weight
1 Technology 28.91%
2 Materials 10.28%
3 Financials 8.4%
4 Communication Services 4.31%
5 Industrials 3.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NXPI icon
1
NXP Semiconductors
NXPI
$68B
$275M 11.03%
2,354,553
+436,845
+23% +$52.7M
MON
2
DELISTED
Monsanto Co
MON
$151M 6.06%
1,297,869
+787,356
+154% +$94.7M
CALD
3
DELISTED
Callidus Software, Inc.
CALD
$143M 5.72%
+3,977,913
New +$136M
CSRA
4
DELISTED
CSRA Inc.
CSRA
$142M 5.68%
+3,440,720
New +$126M
COL
5
DELISTED
Rockwell Collins
COL
$128M 5.12%
947,800
+405,368
+75% +$55.3M
OA
6
DELISTED
Orbital ATK, Inc.
OA
$108M 4.31%
812,144
+354,046
+77% +$46.7M
TRCO
7
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$99.5M 3.98%
2,454,958
+760,127
+45% +$32M
DST
8
DELISTED
DST Systems Inc.
DST
$98.2M 3.93%
+1,174,420
New +$95.6M
TWX
9
CALL
DELISTED
Time Warner Inc
TWX
$86.3M 3.45%
+912,300
New +$86M
WR
10
DELISTED
Westar Energy Inc
WR
$83M 3.32%
1,578,124
+1,210,224
+329% +$61.1M
MSCC
11
DELISTED
Microsemi Corp
MSCC
$80.9M 3.24%
+1,249,604
New +$77.2M
XL
12
DELISTED
XL Group Ltd.
XL
$78.3M 3.13%
+1,416,686
New +$62.2M
KS
13
DELISTED
KapStone Paper and Pack Corp.
KS
$76.2M 3.05%
+2,219,499
New +$70.8M
HAWK
14
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
$69.6M 2.79%
+1,556,996
New +$67.9M
VR
15
DELISTED
Validus Hold Ltd
VR
$67.4M 2.7%
+998,693
New +$62.9M
MON
16
CALL
DELISTED
Monsanto Co
MON
$64.7M 2.59%
+554,100
New +$66.7M
RTX icon
17
CALL
RTX Corp
RTX
$287B
$60.6M 2.43%
+765,739
New +$63.2M
MULE
18
DELISTED
MuleSoft, Inc.
MULE
$54.8M 2.19%
+1,246,523
New +$37.1M
AET
19
DELISTED
Aetna Inc
AET
$49.7M 1.99%
293,793
+143,006
+95% +$25.7M
BUFF
20
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
$46.9M 1.88%
+1,178,125
New +$42.5M
DYN
21
DELISTED
Dynegy, Inc.
DYN
$35.5M 1.42%
2,624,266
+1,636,660
+166% +$20.4M
BGC
22
DELISTED
General Cable Corporation
BGC
$33.2M 1.33%
1,121,948
+251,800
+29% +$7.46M
SPY icon
23
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$32.9M 1.32%
+125,000
New +$34.1M
NXTM
24
DELISTED
NxStage Medical Inc.
NXTM
$29.5M 1.18%
1,184,707
+380,561
+47% +$9.26M
NXPI icon
25
CALL
NXP Semiconductors
NXPI
$68B
$29.3M 1.17%
+250,000
New +$30.2M
1
2 3 4 5

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Water Island Capital's Q1 2018 Portfolio in Review

As of Q1 2018, Water Island Capital held 143 positions worth $2.5B, up 54% from $1.62B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Water Island Capital deployed $805M of net new capital in Q1 2018, opening 53 new positions and adding to 23 existing holdings. Its largest new stake was Callidus Software, Inc.: 3,977,913 shares worth $143M.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 27% a quarter earlier, followed by Materials and Financials.

On the sell side, the largest reduction was Time Warner Inc, an estimated $87.1M trimmed.

  • Water Island Capital's largest Q1 2018 buy was Callidus Software, Inc.: 3,977,913 shares worth $143M.
  • Water Island Capital added most to Monsanto Co in Q1 2018, an estimated $94.7M increase.
  • Water Island Capital's biggest Q1 2018 reduction was Time Warner Inc, cutting an estimated $87.1M.
  • Water Island Capital fully exited Calpine Corporation in Q1 2018, selling an estimated $84.8M.
  • Water Island Capital's ten largest holdings make up 53% of its $2.5B portfolio in Q1 2018.
  • Water Island Capital opened 53 new positions and closed 50 in Q1 2018.
  • Water Island Capital's portfolio value rose 54% quarter-over-quarter to $2.5B.

Based on Water Island Capital's 13F filing for Q1 2018, filed 14 May 2018.